In the 2023 – 2024, we have seen a massive upside in the Suzlon share price. In May 2023, Suzlon stock was trading near Rs. 8 to Rs. 9 but as of 10 August 2024, the stock is trading at Rs. 76.40. It is because Suzlon Ltd getting more projects. Let’s understand the reason and predict Suzlon’s share price target for 2024, 2025, and 2026.
As of now Suzlon stock is trading near its 52-week high, probably it can cross the Rs. 100 level in the year 2024. All this massive move in the stock is because of the news and the long-term business of the company. Let’s find out if investing at this level can be profitable or not.
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About Suzlon Energy Ltd
Suzlong Energy Ltd was founded in 1995 and it is involved in the business of renewable energy solutions provider. The chairman and managing director of Suzlon Energy Ltd is Mr. Vinod Tanti.
Suzlon Energy Ltd has many products and provides solutions and services related to renewable energy to approx 17+ countries like Asia, Australia, Africa, Europe, etc.
Services:
Suzlon provides many services for renewable energy which are shared below.
- Leadership
- Multi Brand O&M Services
- Optimization & Digitalization
- Operations and Maintenance
- and many more renewable energy services.
End-to-End Solutions:
- Quality Management
- Solar Energy Solutions
- Turnkey Project Services
- Research and Development
- Health, Safety, and Environment
- Supply Chain Management and Manufacturing
Suzlon Energy Ltd Products:
There are various products of the Suzlon but these are the most popular and popular products-
- S120 Wind Turbine
- S133 Wind Turbine
- S144 Wind Turbine
You can check the product’s specifications on the Suzlon’s official website.
Suzlon Energy Limited Achievements (Mentioned on Suzlon’s site):
- 12,860+ WTGs Installed
- 1,900+ Customers Globally
- 20,450+ MV Installed Capacity
- Number 1 in India’s Renewable Sector
Suzlon Energy’s Scrip Information
| NSE | SUZLON |
| BSE | 532667 |
| ISIN | INE040H01021 |
| SECTOR | Capital Goods – Electrical Equipment |
Company Analysis
Below you’ll find Suzlon Energy Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹101 |
| Sep 2023 | ₹102 |
| Dec 2023 | ₹203 |
| Mar 2024 | ₹254 |
| Jun 2024 | ₹302 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2019 | -₹1,537 |
| Mar 2020 | -₹2,692 |
| Mar 2021 | ₹104 |
| Mar 2022 | -₹177 |
| Mar 2023 | ₹2,887 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹1,03,495Cr | ROE | 16.84% |
| P/E Ratio (TTM) | 119.66 | EPS (TTM) | 0.64 |
| P/B Ratio | 26.53 | Div. Yield | 0.00% |
| Industry PE | 97.86 | Book Value | 2.89 |
| Debt to Equity | 0.04 | Face Value | 2 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | 10.88% | 17.83% | 19.57% | 21.53% |
| DIIs | 9.81% | 6.16% | 6.30% | 9.17% |
| Public | 65.99% | 62.74% | 60.85% | 56.03% |
| Promoters | 13.28% | 13.28% | 13.28% | 13.27% |
| Other Holders | 0.00% | 0.00% | 0.00% | 0.00% |
Key Insights
Key Insights includes positive and negative information about the company’s business model, analysts’ ratings, fundamentals, financials, and more. Kindly cross-check the information from your side too for extra confirmation.
- No shares pledge by the promoters.
- The PE Ratio of the company is high (PE>40).
- RSI Indicates price weakness in the Suzlon Energy Ltd stock.
- In the last 1 year, Suzlon stock has given more than a 500% return.
- Yearly basis, the earnings of the company are improving but not continually.
- In the last 3 to 4 quarters the FIIs increased their holdings rapidly in Suzlon Energy Ltd.
Quarterly Result – June 2024
Sales: In the June 2024 quarter the sales of the company were around 2,022 and in the previous quarter the sales were around 2,196. So, as you can see the sales are down as compared to the previous quarter’s result.
Profit/Loss: Suzlon’s profit has increased by Rs. 48 Crore in the June 2024 quarter. It is a good sign that the company is making a consistent profit.
EPS: The EPS (earnings per share) of the company is also increased by Rs. 0.3.
Suzlon Energy Ltd Share Price Target
Suzlon Energy Ltd investors are happy as the stock moved more than 500% in a year. It would be a great achievement if anyone captured the maximum return from the stock. In Jan 2024, the stock started falling after making a 52-week high of Rs. 50.60 and as of August 2024, the stock is trading at Rs. 76.54 due to some very positive news.
In the last 6 to 8 months Suzlon Energy Limited got many projects as a result the stock has given a massive return in less time. The prediction of Suzlon’s share price target for 2024, 2025, and 2026 might be very bright as the financials, fundamentals, etc. are getting stronger.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹90 | ₹95 |
| 2025 | ₹100 | ₹120 |
| 2026 | NA | NA |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
Suzlon Share Price Target 2024
For the last 1 – 2 months the Suzlon stock has been in a range and most probably it will continue in the same range for a few more months. The more the stock is in the range the stronger movement we will see in the stock.
If the Suzlon stock falls from this level then wait for a reversal and start buying with a strict stoploss. You can keep a stop loss at Rs. 35 as it is strong support and from the level the stock reversed last time.
In 2024, you can expect a target of Rs. 90 to Rs. 95. This target will be invalid in case the stock breaks the support or starts falling from this level.
In the last May 2024, the quarterly results of the Suzlon Energy Ltd. company will be announced. If the result is positive and investors will like it then in then we can see a massive upward momentum in the stock.
Suzlon Share Price Traget 2025
From the last 3 quarters, the FIIs have increased their holdings in Suzlon Energy Ltd. In the March 2023 quarter, the FII holdings were near 7.65%, and in the March 2024 quarter, the current holdings were 19.57%. It’s a clear sign that FIIs are bullish on the stock.
The Indian Government is supporting a lot to renewable energy projects and companies to get high-quality clean energy to satisfy consumers’ demand.
The Suzlon’s stock price is highly dependent on the projects and its earnings. If the company gets good projects the earnings also increase continuously. So, in 2025 we can see a target of Rs. 100 to Rs. 120 very easily in the stock.
Suzlon Share Price Target 2026
The Suzlon stock is very volatile which means risk also increases in the stock. Currently, the company is doing best in the sector and getting good projects but very little as compared to its competitors.
So, in can case in the upcoming years if the company does not get good projects or its earning do not improves over the quarters or years then it can be very risky for the investors.
So, there is no share price target for the Suzlon Energy Ltd stock for 2026 as of now.
Suzlon Energy Ltd Share Price Forecast
According to the forecast in the 1 year, the stock can give a 20% to 35% return. The forecast price target is calculated based on the various analysis ratings and their targets.
- Current Price: Rs. 39.90 (12 April 2024).
- Minimum Estimated Target: Rs. 48 (20.30%).
- Average Estimated Target: Rs. 50.35 (26.15%).
- Maximum Estimated Target: Rs. 54.00 (35.34%).
FAQs
Many other good companies are working in the same sector and generating good profits and have strong fundamentals too. Some stocks like Siemens, ABB India, CG Power, and many more.
If you want to take some risk on your investments to generate high returns then you should invest in the small stocks or companies of the sector.
As per the share price forecast, the Suzlon Energy stock seems very good. From the current price of the stock, the minimum estimated target is Rs. 48.00 and the maximum estimated target is Rs. 54.00.
Suzlon is a very volatile stock but currently trading at very crucial support. If the support (support level mentioned above) is broken then it may fall or in case if the stock is reversed from the level then it can go near Rs. 43.00 to Rs. 45.00.
Final Words
The people who invested in the penny stocks in the energy sector made a good return, especially from Suzlon Energy Ltd. The whole world is running behind renewable energy to get clean energy and this is the thing that will make the sector grow. As a renewable energy sector investor, you should know the Suzlon share price target for 2024, 2025, and 2026 to make good decisions while investing.