₹40 Share Hit Upper Circuit; Stock Has Given A Multibagger Return Of 473%; Know Target
Suzlon Energy (NSE: SUZLON) share: Amidst the stormy rise in the stock market, the shares of energy sector company – Suzlon Energy Limited also rose.
On Thursday, for the second consecutive trading day, the share hit the upper circuit of 5 percent and the price reached the level of Rs 40.47.
This stock has risen about 9 percent in the last two trading days.
However, the stock is still down 20 percent from its one-year high of Rs 50.72.
Let us tell you that the share had touched this level on February 2 last month. The stock’s multi-bagger return is 473 percent when compared with its 52-week high.
On March 29, 2023, this share had touched a low of Rs 7.06.
Brokerage Opinion
Brokerage Anand Rathi set a target price of Rs 49 for Suzlon Energy.
According to brokerage, Suzlon Energy has achieved net cash flow for the first since FY06. The company holds a 32 percent market share of India’s wind turbines.
The focus of this company was on reducing debt and the stock also benefited from receiving continuous orders.
The brokerage said that considering the market position of the company, we initiate coverage of the stock with a ‘Buy’ rating.
CRISIL Gave Good News
Suzlon Group announced recently that CRISIL has upgraded its rating to ‘A’ with Positive Outlook because of the company’s strong financial position.
Let us inform you that BSE and NSE have placed Suzlon’s securities under long-term ASM (Additional Surveillance Measures).
Stock exchanges take such steps to protect investors. Let us tell you that till December 2023, the promoters held a 13.29 percent stake in the company.
About Suzlon Energy Ltd
Suzlon Energy is a world-leading company in renewable energy solutions. produces products in the Wind Energy and solar energy sectors.
Suzlon Energy is a renowned manufacturer of wind turbines and windmills.
Suzlon Group is among the most renowned renewable energy solutions companies that are transforming and changing the ways renewable energy resources are utilized throughout the globe.
Suzlon’s vast array of strong and reliable products backed up by its state-of-the-art R&D and more than two decades of experience is designed to provide optimal efficiency, better yields, and the highest ROI for its customers.
The sustainable development principle that drives Suzlon’s unique initiatives is to preserve the environment, improve communities, and drive sustainable growth.
Fundamental Analysis of Suzlon Energy Ltd
| Market Cap | ₹ 54,505 Cr. |
| Current Price | ₹ 40.4 |
| 52-wk High | ₹ 50.7 |
| 52-wk Low | ₹7.85 |
| Stock P/E | 110 |
| Book Value | ₹ 2.53 |
| Dividend | 0.00 % |
| ROCE | 20.8 % |
| ROE | — |
| Face Value | ₹ 2.00 |
| P/B Value | 16.0 |
| OPM | 15.0 % |
| EPS | ₹ 0.53 |
| Debt | ₹ 146 Cr. |
| Debt to Equity | 0.04 |
Suzlon Energy Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 52 | ₹ 65 |
| 2025 | ₹ 65 | ₹ 75 |
| 2026 | ₹ 90 | ₹ 112 |
| 2027 | ₹ 115 | ₹ 125 |
| 2028 | ₹ 131 | ₹ 160 |
| 2029 | ₹ 210 | ₹ 250 |
| 2030 | ₹ 260 | ₹ 325 |
Suzlon Energy Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 14.50% |
| Mar 2023 | 14.50% |
| June 2023 | 14.50% |
| Sept 2023 | 13.28% |
| Dec 2023 | 13.28% |
| FII Holding | |
| Dec 2022 | 7.65% |
| Mar 2023 | 7.64% |
| June 2023 | 7.69% |
| Sept 2023 | 10.88% |
| Dec 2023 | 17.83% |
| DII Holding | |
| Dec 2022 | 5.82% |
| Mar 2023 | 5.55% |
| June 2023 | 5.90% |
| Sept 2023 | 9.81% |
| Dec 2023 | 6.16% |
| Govt. Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.02% |
| Sept 2023 | 0.02% |
| Dec 2023 | 0.00% |
| Public Holding | |
| Dec 2022 | 72.02% |
| Mar 2023 | 72.30% |
| June 2023 | 71.78% |
| Sept 2023 | 65.99% |
| Dec 2023 | 62.74% |
Suzlon Energy Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 5,025 Cr |
| 2020 | ₹ 2,973 Cr |
| 2021 | ₹ 3,346 Cr |
| 2022 | ₹ 6,582 Cr |
| 2023 | ₹ 6,027 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -1,537 Cr |
| 2020 | ₹ -2,692 Cr |
| 2021 | ₹ 104 Cr |
| 2022 | ₹ -177 Cr |
| 2023 | ₹ 726 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | -1.13 |
| 2020 | -0.88 |
| 2021 | -1.23 |
| 2022 | -1.18 |
| 2023 | 1.73 |
Last 10 Years’ Profit Growth:
| 10 Years: | 7% |
| 5 Years: | 17% |
| 3 Years: | 27% |
| Current Year: | 893% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Last Year: | — |
Last 10 Years’ Sales Growth:
| 10 Years: | -11% |
| 5 Years: | -6% |
| 3 Years: | 26% |
| Current Year: | -11% |
Conclusion
This article is a complete guide about Suzlon Energy Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
