Suzlon Shares: Suzlon Share Price
Suzlon Shares stands at ₹39.85, marking over 4% increase for the day. Suzlon Energy, a player in the electric equipment sector, has been garnering attention from both investors and traders. Providing further insight into Suzlon Energy, its market capitalization amounts to ₹50,477.18 crore, with its 52-week high recorded at ₹50.60 and the low at ₹6.95. The company’s price-to-earnings (PE) ratio is currently at 70.28. Today’s trading volume stands at 8,717,125 shares exchanged.
Highlights
RISIL Upgrades Suzlon Energy to ‘A-‘ with Positive Outlook
Suzlon Group, India’s largest renewable energy solutions provider, today announced that CRISIL Ratings has upgraded its ratings to ‘A-‘ with Positive Outlook in alignment with the company’s strengthened financial position, operational excellence and favourable sectoral tailwinds.
Suzlon holds a significant 32% market share in India’s wind turbines sector and is positioned for a pivotal role as domestic wind capacity expands to 100 GW from the current 45 MW, as per brokerage reports. Anand Rathi Securities forecasts a robust 64% net profit Compound Annual Growth Rate (CAGR) for Suzlon over the financial years 2024-2026, attributing a valuation multiple of 35 times the price-to-earnings estimates for the fiscal year 2026.
However, risks identified by Anand Rathi include adverse government policies, slower-than-expected uptake in Wind Turbine Generators, and intense competition. Additionally, CRISIL Ratings has upgraded Suzlon to ‘A-‘ with a positive outlook, citing improved margins in the WTG business, strong cash flow from O&M services, and a growing order book providing revenue visibility for the future.
CRISIL upgraded Suzlon’s bank facilities rating to ‘CRISIL A-/Positive/CRISIL A2+’ from ‘CRISIL BBB+/Positive/CRISIL A2’. This means they believe Suzlon is doing better financially and has a good outlook for the future.
Himanshu Mody, Suzlon’s Chief Financial Officer, said they are happy about the rating upgrade. It shows that Suzlon is managing its money well and is in a strong financial position. They have been focusing on managing their finances well and improving their operations. By paying off their debts and being more flexible with their finances, they can take advantage of opportunities in renewable energy.
This upgrade and positive outlook from CRISIL indicate that they expect Suzlon to keep doing well because of its strong business and the good conditions in the Indian wind energy market.
About the Suzlon Group
Suzlon Group is a top player in providing renewable energy solutions worldwide. They have around 20.5 gigawatts of wind energy capacity installed across 17 countries. Based in Pune, India, the group includes Suzlon Energy Limited and its subsidiaries.
Suzlon is fully integrated, with its own research and development centres in Germany, the Netherlands, Denmark, and India. They have advanced manufacturing facilities across various locations in India. With more than 28 years of experience, Suzlon has a team of over 6,300 employees. It’s also the leading wind energy service company in India, managing a portfolio of over 14.5 gigawatts in wind energy assets. Outside India, they have installed capacity of about 6 gigawatts. Suzlon offers a wide range of products, mainly the 2-megawatt and 3-megawatt series of wind turbines.
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