Suzlon Energy Ltd.

NSE: SUZLON · Capital Goods

₹38.80+0.54%06 Nov 2026

Ask the data

Instant answers about Suzlon Energy Ltd. — computed from its filings, no language model

Market cap₹53,375 cr

Current price₹38.80

High / Low₹60 / ₹34

P/E23.6

P/B5.19

Book value₹7.5

ROE22.0%

ROCE26.5%

Debt / equity0.03

Dividend yield—

EPS (TTM)₹1.64

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	8,334	5,025	2,973	3,346	6,582	5,971	6,529	10,890	16,732
EBITDA	1,003	-9	-860	534	889	832	1,029	1,857	3,022
Operating margin	12.0%	-0.2%	-28.9%	16.0%	13.5%	13.9%	15.8%	17.1%	18.1%
Interest	1,581	1,270	1,367	996	735	421	164	255	462
Depreciation	342	342	419	258	260	260	190	259	318
Profit before tax	-391	-1,543	-2,684	105	0	2,892	659	1,447	2,422
Tax	-2	-12	7	5	167	4	-1	-625	-742
Net profit	-377	-1,527	-2,642	104	-200	2,849	660	2,072	3,163
EPS ₹	-0.72	-2.87	-4.97	0.14	-0.22	2.64	0.50	1.52	2.31
Operating cash flow	—	—	—	—	1,302	467	33	1,092	1,202
Capex	—	—	—	—	77	101	227	371	577
Dividend paid	—	—	—	—	0	0	0	0	0
Total assets	11,121	8,871	6,530	6,601	6,475	5,523	7,179	12,960	18,869
Equity	-6,967	-8,498	-10,983	-3,343	-3,526	1,099	3,920	6,106	9,464

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	2,245	1,277	1,205	1,097	1,445	843	809	666	655	523	732	955	1,136	1,142	1,356	1,610	2,474	1,381	1,438	1,458	1,694	1,351	1,421	1,560	2,196	2,022	2,103	2,975	3,790	3,132	3,871	4,236	5,493	3,829	4,876
Operating profit	218	-177	-232	292	108	42	-366	-169	-367	91	112	136	196	154	233	286	217	214	170	215	233	199	225	248	357	370	294	500	693	599	721	738	964	595	720
Operating margin	9.7%	-13.8%	-19.3%	26.6%	7.5%	4.9%	-45.3%	-25.3%	-56.0%	17.4%	15.3%	14.2%	17.3%	13.5%	17.2%	17.8%	8.8%	15.5%	11.8%	14.8%	13.7%	14.7%	15.8%	15.9%	16.3%	18.3%	14.0%	16.8%	18.3%	19.1%	18.6%	17.4%	17.5%	15.5%	14.8%
Other income	15	12	17	15	6	8	8	7	4	5	5	5	5	7	6	5	4	3	5	6	6	11	7	9	11	23	18	28	35	33	27	23	27	33	32
Interest	620	328	325	335	282	303	300	423	341	408	197	195	197	181	190	186	176	151	97	86	86	62	44	14	44	45	56	70	85	103	110	114	135	134	123
Depreciation	101	84	88	82	87	73	76	155	114	71	69	57	62	58	61	63	77	59	63	58	81	55	51	39	44	46	54	66	93	70	75	80	93	106	111
Profit before tax	-488	-576	-628	-50	-289	-335	-778	-742	-829	-397	672	-111	-59	5	-13	42	-33	2,476	15	78	323	101	102	203	253	302	202	391	551	459	562	567	833	389	518
Tax	-4	-3	-3	-11	5	1	-0	1	5	1	2	0	1	1	0	5	160	44	-42	-1	3	0	0	0	-1	0	1	4	-630	135	-717	121	-281	84	124
Net profit	-466	-573	-624	-38	-293	-335	-747	-736	-824	-398	676	-117	-57	-22	-11	38	-204	2,433	57	78	280	101	102	203	254	302	200	387	1,182	324	1,279	445	1,114	305	394
EPS ₹	-0.88	-1.08	-1.17	-0.07	-0.55	-0.63	-1.40	-1.38	-1.55	-0.73	0.83	-0.14	-0.07	-0.03	-0.01	0.04	-0.22	2.57	0.06	0.07	0.24	0.08	0.08	0.15	0.19	0.22	0.15	0.28	0.87	0.24	0.93	0.32	0.81	0.22	0.29
Revenue YoY	—	—	—	—	-35.6%	-34.0%	-32.9%	-39.4%	-54.7%	-38.0%	-9.5%	43.5%	73.4%	118.3%	85.2%	68.6%	117.8%	20.9%	6.1%	-9.4%	-31.5%	-2.2%	-1.1%	7.0%	29.6%	49.6%	48.0%	90.6%	72.6%	54.9%	84.0%	42.4%	44.9%	22.3%	26.0%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-101.6%	—	—	—	—	107.9%	—	-95.9%	78.1%	159.1%	-9.2%	199.6%	95.7%	90.6%	365.2%	7.3%	539.1%	15.1%	-5.7%	-5.9%	-69.2%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Suzlon Energy Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	7,249	3,509	4,366	6,559	1,754	3,065	2,270	5,939	9,328
Operating profit	583	-243	180	462	-1,272	-396	-381	854	1,790
Operating margin	8.0%	-6.9%	4.1%	7.0%	-72.5%	-12.9%	-16.8%	14.4%	19.2%
Other income	163	223	332	344	302	261	334	501	439
Interest	380	654	578	808	1,086	1,221	1,219	687	888
Depreciation	99	126	157	176	215	174	158	165	255
Profit before tax	-540	-1,239	-260	-527	-2,843	-925	-6,032	47	619
Tax	-71	175	-75	7	147	-0	0	0	0
Net profit	-469	-1,414	-186	-533	-2,990	-924	-6,032	47	619

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	1,687	1,655	2,744	1,471	2,234	1,504	2,040	315	627	754	1,813	504	1,070	1,221	1,571	1,157	1,944	1,436	2,023	597	659	31	467	950	599	507	1,008	817	754	289	410	1,116	1,160	1,328	2,335	1,143	1,950	2,550	3,685	2,244	641	1,726
Operating profit	386	394	616	317	394	83	-211	-145	-37	-140	79	-243	-29	109	344	222	148	-164	256	-463	-190	-396	-222	-173	-290	-40	108	-5	-69	-96	-210	68	154	221	411	78	422	607	683	272	-34	262
Operating margin	22.9%	23.8%	22.4%	21.6%	17.7%	5.5%	-10.4%	-46.1%	-5.9%	-18.5%	4.4%	-48.2%	-2.7%	8.9%	21.9%	19.1%	7.6%	-11.4%	12.7%	-77.6%	-28.9%	-1284.3%	-47.6%	-18.3%	-48.4%	-7.9%	10.7%	-0.6%	-9.2%	-33.4%	-51.3%	6.1%	13.3%	16.6%	17.6%	6.8%	21.6%	23.8%	18.5%	12.1%	-5.2%	15.2%
Other income	31	28	42	26	30	43	64	44	52	56	70	67	107	71	88	80	86	94	85	89	76	70	67	86	57	57	61	51	49	47	187	142	126	83	150	102	110	123	103	100	95	94
Interest	28	36	32	38	77	109	156	139	171	163	182	160	129	141	148	157	208	196	246	284	235	259	308	298	285	308	329	339	298	270	313	198	150	151	187	195	198	238	257	226	242	242
Depreciation	19	25	25	22	24	23	30	20	19	31	57	34	37	38	48	34	46	47	49	43	63	56	52	41	41	42	51	37	38	38	45	26	27	43	70	40	50	59	107	101	97	100
Profit before tax	370	362	601	119	46	-443	-262	-160	-185	-285	-608	-408	-89	1	235	110	-19	-315	-303	-697	-489	-832	-826	-640	-735	-674	1,124	-433	-528	-4,960	-111	-97	116	110	-82	-362	268	364	350	32	-379	3
Tax	15	24	118	31	29	-52	-79	0	-0	0	175	0	0	0	-75	0	0	0	7	0	58	99	-10	-0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net profit	356	338	483	88	17	-391	-183	-160	-185	-285	-784	-408	-89	1	310	110	-19	-315	-309	-697	-546	-931	-816	-640	-735	-674	1,124	-433	-528	-4,960	-111	-97	116	110	-82	-362	268	364	350	32	-379	3
EPS ₹	12.35	2.34	3.22	0.59	0.11	-2.61	-1.22	-1.07	-1.20	-1.83	-5.03	-2.62	-0.52	0.01	1.74	0.62	-0.11	-1.77	-1.74	-3.92	-3.07	-5.24	-4.59	-3.18	-3.54	-3.11	4.56	-1.64	-1.87	-15.87	-0.33	-0.23	0.24	0.22	-0.16	-0.72	0.53	0.73	0.70	0.06	-0.72	0.01
Revenue YoY	—	—	—	—	32.4%	-9.1%	-25.7%	-78.6%	-71.9%	-49.9%	-11.1%	60.2%	70.5%	62.0%	-13.3%	129.3%	81.7%	17.5%	28.8%	-48.4%	-66.1%	-97.9%	-76.9%	59.2%	-9.1%	1545.2%	116.1%	-14.0%	25.9%	-43.0%	-59.3%	36.6%	53.9%	359.5%	469.5%	2.4%	68.0%	92.0%	57.8%	96.3%	-67.1%	-32.3%
Profit YoY	—	—	—	—	-95.2%	-215.6%	-138.0%	-282.3%	-1189.0%	—	—	—	—	—	—	—	—	-26314.2%	-199.8%	-732.9%	—	—	—	—	—	—	—	—	—	—	-109.9%	—	—	—	—	—	129.8%	230.8%	—	—	-241.5%	-99.2%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 32 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	259.2%	47.0%	16.5%	20.1%	16.8%	22.0%	21.3%	25.4%	33.9%	34.3%	40.4%	41.1%	33.4%	33.2%	22.0%
ROCE	-2.9%	-24.2%	-5.0%	-20.5%	-74.2%	—	—	—	—	31.3%	36.3%	16.6%	20.7%	25.7%	110.9%	109.7%	107.4%	110.3%	28.2%	25.0%	26.5%	20.4%	25.0%	23.7%	28.8%	26.6%	30.0%	28.5%	31.2%	29.6%	29.2%	26.5%
Net margin	-29.2%	-30.4%	-28.1%	-33.7%	-56.1%	-88.9%	-102.0%	-49.8%	-23.1%	3.1%	12.1%	-4.5%	-1.0%	-3.0%	33.1%	33.7%	35.0%	47.7%	8.7%	9.5%	11.4%	10.1%	12.0%	12.2%	12.3%	19.0%	17.4%	23.0%	21.5%	18.9%	18.0%	12.3%
EBITDA margin	1.7%	-0.2%	4.6%	1.8%	-10.2%	-28.9%	-30.6%	-12.9%	-1.0%	16.0%	15.1%	15.7%	16.6%	13.5%	13.9%	12.8%	12.1%	13.9%	13.7%	14.7%	15.0%	15.8%	16.7%	16.1%	16.4%	17.1%	17.4%	18.3%	18.3%	18.1%	17.3%	16.4%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.73	1.73	0.04	0.04	0.03	0.03	0.05	0.05	0.05	0.05	0.04	0.04	0.03	0.03	0.03
Interest coverage	-0.08	-0.22	-0.05	-0.19	-0.64	-0.96	-0.87	0.05	0.42	1.11	1.66	0.77	0.97	1.00	4.51	5.09	5.96	7.87	2.56	3.17	4.53	5.01	6.86	7.03	6.36	6.68	6.12	6.35	6.20	6.24	5.77	5.56
Asset turnover	0.52	0.57	0.52	0.47	0.42	0.46	0.41	0.39	0.44	0.51	0.60	0.70	0.79	1.02	1.05	1.17	1.15	1.08	1.08	1.00	1.02	0.91	1.00	0.82	0.96	0.84	0.93	0.87	0.95	0.89	0.92	0.92

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	498	1,004	1,005	1,064	1,064	1,064	1,702	1,843	2,015	2,454	2,719	2,722	2,731	2,732	2,744	2,745	2,751
Other equity / reserves	2,166	-8,537	-7,846	-8,031	-9,562	-12,047	-5,045	-5,369	-2,328	-1,355	690	1,199	1,764	3,374	5,116	6,719	7,526
Total equity	2,664	-7,533	-6,841	-6,967	-8,498	-10,983	-3,343	-3,526	-313	1,099	3,409	3,920	4,495	6,106	7,860	9,464	10,277
Borrowings	8,335	11,120	6,917	11,605	9,624	9,686	6,859	6,391	3,149	1,905	121	110	232	283	320	264	327
Current liabilities	9,511	7,661	13,759	10,156	10,949	16,545	3,814	4,234	3,405	2,701	2,266	3,009	4,076	5,915	7,025	8,187	8,451
Non-current liabilities	6,274	9,595	5,234	7,921	6,425	1,027	6,188	5,802	2,842	1,723	256	250	879	939	971	1,218	1,278
Total assets	18,611	9,723	12,160	11,121	8,871	6,530	6,601	6,475	5,893	5,523	5,931	7,179	9,649	12,960	15,856	18,869	20,006
Property, plant & equipment	595	1,235	1,420	1,267	1,147	905	804	774	851	778	734	810	856	822	816	1,360	1,483
Capital work-in-progress	16	197	119	173	218	110	104	15	32	3	38	16	29	89	286	176	123
Investments	7,730	267	481	0	—	—	—	—	0	0	0	8	0	43	202	217	314
Inventories	741	2,525	3,469	3,026	2,914	2,056	2,173	2,208	2,181	1,827	1,944	2,292	3,189	3,234	4,226	4,512	5,461
Receivables	1,548	2,593	3,673	2,990	1,881	1,365	1,190	1,377	1,163	1,170	1,487	1,830	2,149	3,866	5,046	6,487	7,004
Cash & equivalents	61	627	336	581	75	58	262	437	175	367	211	250	683	901	499	631	423

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	-163	1,119	-739	1,602	-109	1,267	-929	530	1,302	467	33	1,092	1,202
Cash from investing	-540	-787	6,549	-643	-133	125	-32	-24	-18	85	-152	-752	-914
Cash from financing	624	-199	-5,656	-1,249	492	-1,898	969	-327	-1,045	-684	178	343	-155
Capex	12	736	407	—	—	—	—	—	77	101	227	371	577
Free cash flow	-175	383	-1,146	—	—	—	—	—	1,225	366	-194	721	625
Dividends paid	0	0	0	—	—	—	—	—	0	0	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,483 cr7%

CWIP

₹123 cr1%

Investments

₹314 cr2%

Inventories

₹5,461 cr27%

Receivables

₹7,004 cr35%

Cash & equivalents

₹423 cr2%

Other assets

₹5,199 cr26%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Suzlon Energy Ltd.	53,375	38.80	23.6	5.19	22.0%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+1.2%

6 months-30.3%

1 year-33.3%

3Y CAGR+2.6%

5Y CAGR+42.5%

10Y CAGR+11.1%

50-day avg₹41.05

200-day avg₹47.50

RSI (14)38

Long-term financials (FY14–FY14)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY14	₹20,212 Cr	₹-3,404 Cr	₹-3,520 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Suzlon Energy Ltd. with

APL Apollo Tubes vs Suzlon Energy Apar Industries vs Suzlon Energy Welspun Corp vs Suzlon Energy Suzlon Energy vs Aditya Infotech

FAQs

What is the share price of Suzlon Energy Ltd.?

Suzlon Energy Ltd. (SUZLON) closed at ₹38.80 on NSE on 06 Nov 2026.

What is the market cap of Suzlon Energy Ltd.?

₹53,375 crore at the latest close.

What is the P/E ratio of Suzlon Energy Ltd.?

23.6, on trailing-twelve-month earnings from its filings.

How fast is Suzlon Energy Ltd. growing?

Suzlon Energy Ltd.: revenue has compounded at 41.0% a year over three years; net profit at 3.6% a year. Latest-quarter revenue is up 26.0% year on year, profit down 69.2%.

How profitable is Suzlon Energy Ltd.?

On a trailing-twelve-month basis return on equity is 22.0%, return on capital employed 26.5%, operating margin 16.4%, net margin 12.3%.

How much debt does Suzlon Energy Ltd. have?

Suzlon Energy Ltd. is debt-free: debt to equity is 0.03 with borrowings of ₹327 cr against cash of ₹423 cr (balance sheet of 2026-09-30). Operating profit covers interest 5.6 times.

Financials parsed from Suzlon Energy Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.