SUZLON ENERGY LTD.

BSE: SUZLON532667ISIN INE040H01021

Industrials
Heavy Electrical Equipment
BSE 100

BSE listing

Share price

₹43.30+0.75 (+1.76%)

as of 18 Sep 2026

52W high: ₹61.45
52W low: ₹38.17
Off 52W high: -29.54%
1M return: -7.44%
3M return: -26.86%
6M return: +3.17%
1Y return: -26.70%
20D avg volume: 31,32,406
50 DMA: ₹48.01
200 DMA: ₹49.73

Key ratios Consolidated

Market cap: ₹59,518 Cr
Current price: ₹43.30
52W high / low: ₹61.45 / ₹38.17
Face value: ₹2.00
P/E: 18.93
P/B: —
EPS (TTM): ₹2.29
Book value / share: —
ROE: —
ROCE: 27.00%
Operating margin: —
Net margin: —
Debt / equity: 0.03
Net debt: ₹-366.96 Cr
Interest cover: 6.24
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 124.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	3,829	5,493	4,236	3,871	3,132	3,790	2,975	2,103	2,022	2,196	1,560	1,421
	33.44	27.40	22.52	26.55	33.47	35.25	27.53	17.85	22.76	11.22	9.24	7.26
	3,473	4,757	3,692	3,335	2,706	3,274	2,611	1,920	1,742	1,927	1,367	1,291
	2,942	3,526	3,016	2,428	2,464	2,470	1,732	1,607	1,330	1,410	957.27	905.10
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	268.00	262.99	292.13	291.33	254.02	238.28	265.44	241.94	195.87	182.27	176.81	182.81
	133.62	135.16	114.26	109.66	103.07	84.72	69.53	56.03	44.52	44.31	14.28	43.70
	105.59	92.98	80.00	75.23	70.24	92.75	66.18	54.42	45.84	44.38	39.46	51.17
	469.17	561.09	448.30	431.93	364.95	413.43	319.22	265.08	206.09	266.62	186.65	180.72
	389.47	763.24	566.75	562.50	459.23	551.24	391.33	201.58	302.48	279.94	203.13	137.43
	0.00	70.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-27.07	0.00	-34.99
	389.47	833.24	566.75	562.50	459.23	551.24	391.33	201.58	302.48	252.87	203.13	102.44
	84.25	281.11	121.47	-716.94	134.91	-629.74	3.57	0.98	0.19	1.25	0.09	0.15
	305.22	1,114	445.28	1,279	324.32	1,181	387.76	200.60	302.29	254.12	203.04	102.29
	0.22	0.81	0.32	0.93	0.24	0.87	0.28	0.15	0.22	0.19	0.15	0.08
Key metrics
	628.68	1,061	761.01	747.39	632.54	728.71	527.04	312.03	392.84	341.56	256.87	197.31
	16.40%	19.30%	18.00%	19.30%	20.20%	19.20%	17.70%	14.80%	19.40%	15.60%	16.50%	13.90%
	8.00%	20.30%	10.50%	33.10%	10.40%	31.20%	13.00%	9.50%	15.00%	11.60%	13.00%	7.20%
	—	9.10%	—	7.60%	—	9.00%	—	—	—	—	—	—
	22.30%	44.90%	42.40%	84.00%	54.90%	72.60%	90.60%	48.00%	—	—	—	—
	-5.90%	-5.60%	14.80%	537.80%	7.30%	364.70%	91.00%	96.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	17,429	16,732	10,890	6,529	5,971	6,582	3,346	2,973	5,025	8,334
	109.91	109.94	103.39	38.42	19.63	22.19	19.87	27.57	49.95	79.17
	15,257	14,490	9,546	5,854	5,819	6,687	4,066	5,618	6,645	9,253
	11,912	11,434	7,139	4,019	3,627	4,092	1,611	1,404	2,956	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	1,114	1,100	941.53	702.90	609.22	545.36	553.21	796.25	874.16	—
	492.70	462.15	254.80	164.32	420.76	734.52	996.26	1,367	1,270	1,581
	353.80	318.45	259.19	189.60	259.68	259.84	258.38	418.61	341.85	—
	1,910	1,806	1,204	805.87	739.88	876.58	676.50	725.78	872.65	1,265
	2,282	2,352	1,447	713.38	171.11	-82.72	-700.49	-2,618	-1,571	-840.36
	70.00	70.00	0.00	-53.89	2,721	83.12	805.46	-65.89	27.57	449.62
	2,352	2,422	1,447	659.49	2,892	0.40	104.97	-2,684	-1,543	-390.74
	-230.11	741.67	-625.00	0.86	4.42	166.59	4.63	7.44	11.90	1.56
	3,144	3,163	2,072	660.35	2,887	-176.55	103.59	-2,692	-1,537	-384.01
	2.28	2.31	1.52	0.50	2.64	-0.22	0.14	-4.97	-2.87	—
Key metrics
	3,198	3,202	1,961	1,013	3,572	994.76	1,360	-898.05	68.77	1,190
	18.35%	19.10%	18.00%	15.50%	59.80%	15.10%	40.60%	-30.20%	1.40%	14.30%
	18.04%	18.90%	19.00%	10.10%	48.40%	-2.70%	3.10%	-90.50%	-30.60%	-4.60%
	—	27.00%	24.20%	—	—	—	—	—	—	—
	—	53.60%	66.80%	9.40%	-9.30%	96.70%	12.50%	-40.80%	-39.70%	—
	—	52.70%	213.70%	-77.10%	1,735.40%	-270.40%	103.80%	-75.10%	-300.30%	—
	—	625.08	721.35	—	—	—	—	—	—	—
	—	0.38	0.53	—	—	—	—	—	—	—
	—	0.03	0.05	—	—	—	—	—	—	—
	—	-366.96	-617.74	—	—	—	—	—	—	—
	—	124.3	139.6	—	—	—	—	—	—	—
Balance sheet
	—	18,869	12,960	—	—	—	—	—	—	—
	—	13,501	9,252	—	—	—	—	—	—	—
	—	630.97	901.07	—	—	—	—	—	—	—
	—	6,269	3,866	—	—	—	—	—	—	—
	—	4,512	3,234	—	—	—	—	—	—	—
	—	914.90	757.04	—	—	—	—	—	—	—
	—	1,360	822.06	—	—	—	—	—	—	—
	—	5,083	2,935	—	—	—	—	—	—	—
	—	8,187	5,915	—	—	—	—	—	—	—
	—	264.01	283.33	—	—	—	—	—	—	—
	—	161.06	154.14	—	—	—	—	—	—	—
	—	102.95	129.19	—	—	—	—	—	—	—
	—	9,464	6,106	—	—	—	—	—	—	—
Cash flow
	—	1,202	1,092	—	—	—	—	—	—	—
	—	-914.25	-751.74	—	—	—	—	—	—	—
	—	-154.94	343.01	—	—	—	—	—	—	—
	—	576.98	370.61	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	3,297	4,967	3,796	3,481	2,848	3,577	2,292	1,412	1,480	1,429	907.64	749.99
	43.23	67.90	29.10	27.74	29.39	28.80	40.46	47.91	52.77	44.89	47.44	61.55
	2,958	4,182	3,401	2,898	2,397	3,095	2,132	1,456	1,413	1,405	930.91	823.38
	2,645	3,259	2,880	2,152	2,299	2,448	1,531	1,319	1,136	1,128	655.49	604.50
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	173.31	168.50	208.43	207.05	183.97	194.10	125.85	118.67	95.70	87.03	78.70	80.20
	122.59	122.52	103.03	99.19	93.00	78.66	79.84	71.44	65.29	63.23	28.93	57.59
	71.99	60.23	47.41	43.11	38.90	46.10	38.28	35.11	29.83	28.22	20.11	33.76
	359.90	382.85	357.31	355.58	298.54	370.47	234.79	189.90	150.05	173.54	122.08	112.61
	382.92	853.81	424.18	610.54	480.02	510.63	200.61	3.61	120.04	68.70	24.17	-11.84
	0.00	1,240	-21.88	-41.85	1.71	30.45	—	80.11	1.10	5.79	—	6.48
	382.92	2,094	402.30	568.69	481.73	541.08	200.61	83.72	121.14	74.49	24.17	-5.36
	76.48	100.36	119.83	717.91	134.38	633.18	—	—	—	—	—	—
	306.44	2,195	282.47	1,287	347.35	1,174	200.61	83.72	121.14	74.49	24.17	-5.36
	0.22	1.60	0.21	0.94	0.25	0.86	0.15	0.06	0.09	0.05	0.02	—
Key metrics
	577.50	2,277	552.74	710.99	613.63	665.84	318.73	190.27	216.26	165.94	73.21	85.99
	17.50%	45.80%	14.60%	20.40%	21.50%	18.60%	13.90%	13.50%	14.60%	11.60%	8.10%	11.50%
	9.30%	44.20%	7.40%	37.00%	12.20%	32.80%	8.80%	5.90%	8.20%	5.20%	2.70%	-0.70%
	—	20.30%	—	8.20%	—	9.80%	—	—	—	—	—	—
	15.80%	38.90%	65.60%	146.50%	92.40%	150.40%	152.50%	88.30%	—	—	—	—
	-11.80%	86.90%	40.80%	1,436.80%	186.70%	1,476.40%	730.00%	1,661.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	15,541	15,092	10,198	3,860	3,590	4,040	1,247	375.95	2,544	6,166
	167.97	154.13	102.31	192.88	192.22	63.02	69.75	236.18	435.98	369.16
	13,438	12,877	8,929	3,985	4,162	4,933	2,517	3,096	4,110	7,144
	10,937	10,590	6,987	2,853	2,663	3,084	685.51	273.06	1,518	—
	0.00	0.00	0.00	—	—	—	—	—	5.81	—
	757.29	767.95	791.75	312.36	252.51	225.62	182.97	271.48	326.54	—
	447.33	417.74	228.86	225.67	441.56	777.08	983.07	1,141	943.65	1,223
	222.74	189.65	166.85	119.57	190.04	185.13	186.50	682.15	438.91	419.28
	1,456	1,394	1,024	511.60	496.48	639.21	417.72	421.12	568.52	973.43
	2,271	2,369	1,371	68.29	-379.32	-829.79	-1,200	-2,484	-1,131	-608.74
	1,177	1,178	102.86	25.14	2,542	-82.87	801.59	-792.05	-6,281	-546.00
	3,448	3,547	1,474	93.43	2,163	-912.66	-398.40	-3,276	-7,412	-1,155
	1,015	-564.06	-631.00	—	—	—	—	0.65	1.35	1.40
	4,070	4,111	2,105	93.43	2,163	-912.66	-398.40	-3,277	-7,413	-1,156
	2.97	3.00	1.54	0.07	2.01	-1.02	-0.53	-6.16	-13.94	—
Key metrics
	4,118	4,154	1,869	438.67	2,794	49.55	771.17	-1,453	-6,029	487.38
	26.50%	27.50%	18.30%	11.40%	77.80%	1.20%	61.80%	-386.60%	-237.10%	7.90%
	26.19%	27.20%	20.60%	2.40%	60.20%	-22.60%	-31.90%	-871.60%	-291.50%	-18.70%
	—	36.30%	26.90%	—	—	—	—	—	—	—
	—	48.00%	164.20%	7.50%	-11.10%	223.90%	231.80%	-85.20%	-58.80%	—
	—	95.30%	2,152.70%	-95.70%	337.00%	-129.10%	87.80%	55.80%	-541.20%	—
	—	851.01	587.05	—	—	—	—	—	—	—
	—	0.31	0.43	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-297.67	-808.02	—	—	—	—	—	—	—
	—	115.8	114.8	—	—	—	—	—	—	—
Balance sheet
	—	18,085	12,344	—	—	—	—	—	—	—
	—	11,423	8,356	—	—	—	—	—	—	—
	—	297.67	808.02	—	—	—	—	—	—	—
	—	5,742	3,683	—	—	—	—	—	—	—
	—	3,557	2,857	—	—	—	—	—	—	—
	—	601.78	583.64	—	—	—	—	—	—	—
	—	1,053	615.37	—	—	—	—	—	—	—
	—	4,510	3,333	—	—	—	—	—	—	—
	—	7,159	6,026	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	9,828	5,529	—	—	—	—	—	—	—
Cash flow
	—	1,291	915.51	—	—	—	—	—	—	—
	—	-1,314	-611.90	—	—	—	—	—	—	—
	—	-86.68	331.03	—	—	—	—	—	—	—
	—	440.00	328.46	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +61.38%
Sales CAGR 5Y: +64.65%
Sales CAGR 10Y: —
Profit CAGR 3Y: +23.87%
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +53.44%
Profit YoY (TTM): +125.37%

Consolidated

Sales CAGR 3Y: +40.99%
Sales CAGR 5Y: +37.98%
Sales CAGR 10Y: —
Profit CAGR 3Y: +3.09%
Profit CAGR 5Y: +98.14%
Profit CAGR 10Y: —
Sales YoY (TTM): +45.24%
Profit YoY (TTM): +50.18%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 11.71%

Holder	Type	Holding	Previous	Change
Tanti Holdings Private Limited	Promoter	4.62%	—	—
Rambhaben Ukabhai	Promoter Group	3.24%	—	—
MOTILAL OSWAL MANUFACTURING FUND	Public	2.98%	—	—
Samanvaya Holdings Private Limited	Promoter Group	2.66%	—	—
BELGRAVE INVESTMENT FUND .	Public	1.86%	—	—
CANNON REALTY PVT. LTD.	Public	1.75%	—	—
ADITYA THERMAL ENERGY PRIVATE LIMITED	Public	1.28%	—	—
ISHARES II PUBLIC LIMITED COMPANY - ISHARES GLOBAL	Public	1.23%	—	—
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND	Public	1.19%	—	—
VANGUARD EMERGING MARKETS STOCK INDEX FUND, A SERI	Public	1.14%	—	—
AMRIK SINGH AND SONS CRANE SERVICES PRIVATE LIMITED	Public	1.05%	—	—
Foreing Institutional Investor	Public	0.89%	—	—
Girish R.Tanti	Promoter Group	0.73%	—	—
Vinod R.Tanti	Promoter Group	0.22%	—	—
Pranav T.Tanti as karta of Tulsi Ranchhodbhai HUF	Promoter	0.13%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Allotment of 6,40,726 equity shares pursuant to exercise of stock options under ESOP plan 202218 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Investors' Conference.15 Sep 2026 · Company Update / Analyst / Investor Meet
Proceedings and Voting Results of the Thirty First Annual General Meeting of the Company.11 Sep 2026 · AGM/EGM / AGM
Suzlon wins its maiden 200 MW wind energy order from Ayana Renewable Power.8 Sep 2026 · Company Update / Press Release / Media Release
Intimation of appointment of Senior Managerial Personnel (SMP)4 Sep 2026 · Company Update / Change in Management
Suzlon and Torrent partnership grows to over 1.3 GW with a new 250 MW wind order25 Aug 2026 · Company Update / Press Release / Media Release
Typographical errors in the Annual Report for the Financial Year 2025-26.21 Aug 2026 · Others / Reg. 34 (1) Annual Report
Typographical errors in the Annual Report for the Financial Year 2025-2620 Aug 2026 · Others / Reg. 34 (1) Annual Report
Enclosed please find Business Responsibility and Sustainability Report15 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the financial year 2025-26 along with the Notice convening the Thirty First Annual General Meeting.15 Aug 2026 · Others / Reg. 34 (1) Annual Report
Annual Report for the year 2025-26 along with the Notice convening the Thirty First Annual General Meeting15 Aug 2026 · AGM/EGM / AGM
Investors' Conference.14 Aug 2026 · Company Update / Analyst / Investor Meet
Investors' Conference.14 Aug 2026 · Company Update / Analyst / Investor Meet
Investors' Conference.14 Aug 2026 · Company Update / Analyst / Investor Meet
Investors' Conference.14 Aug 2026 · Company Update / Analyst / Investor Meet
Allotment of 18,23,720 equity shares pursuant to exercise of stock options under ESOP plan 202210 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Earning call Transcript4 Aug 2026 · Company Update / Earnings Call Transcript
Investors Roadshows & Conferences3 Aug 2026 · Company Update / Analyst / Investor Meet
Investors Roadshows & Conferences3 Aug 2026 · Company Update / Analyst / Investor Meet
Investors Roadshows & Conferences3 Aug 2026 · Company Update / Analyst / Investor Meet
Investors Roadshows & Conferences3 Aug 2026 · Company Update / Analyst / Investor Meet
Investors Roadshows & Conferences3 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Book Closure and cut-off date29 Jul 2026 · Corp. Action / Book Closure
Q1 FY27 Earnings Conference Call28 Jul 2026 · Company Update / Analyst / Investor Meet
Rumour verification - Regulation 30(11)28 Jul 2026 · Others
Intimation of change in Senior Managerial Personnel28 Jul 2026 · Company Update / Change in Management
Outcome of the Board Meeting dated 28th July 202628 Jul 2026 · Result / Financial Results
Outcome of the Board Meeting dated 28th July 2026.28 Jul 2026 · Board Meeting / Outcome of Board Meeting
Q1 FY27 Earnings Conference Call.23 Jul 2026 · Company Update / Analyst / Investor Meet
Suzlon powers Waaree Group''s renewable ambitions with a maiden DevCo led 201.6 MW wind order23 Jul 2026 · Company Update / Press Release / Media Release
Suzlon Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/07/2026 ,inter alia, to consider and approve Unaudited Financial Results of ....20 Jul 2026 · Board Meeting / Board Meeting
Allotment of 10,15,428 equity shares pursuant to exercise of stock options under ESOP 2022.9 Jul 2026 · Company Update / Allotment of ESOP / ESPS
Certificate under regulation 74(5) for the quarter ended 30th June 20269 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Investors' Conference2 Jul 2026 · Company Update / Analyst / Investor Meet
Suzlon''s S175 (5.0 MW) marks a strong commercial debut with a 105 MW order from Sunsure Energy30 Jun 2026 · Company Update / Press Release / Media Release
Closure of Trading Window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Suzlon crosses 1 GW partnership with Tata Power following a DevCo led new 400 MW EPC order.25 Jun 2026 · Company Update / Press Release / Media Release
Allotment of 48,88,696 equity shares pursuant to exercise of stock options under ESOP 202220 Jun 2026 · Company Update / Allotment of ESOP / ESPS
Rumour verification - Regulation 30(11)16 Jun 2026 · Others
Investors'' Meet - Presentation12 Jun 2026 · Company Update / Investor Presentation

Board meetings

28 Jul 2026 Board Meeting - Financial Results