Suzlon Energy Ltd (NSE: SUZLON): Suzlon Energy shares created history on Friday. The company’s shares reached a new high.
The shares of Indian renewable energy company Suzlon rose by 5 percent on Friday to reach a 52-week trading high of Rs 50.72.
Suzlon Energy shares have seen a significant rise over the past few sessions. On Budget Day the stock hit a circuit of 5 percent higher on Thursday.
Suzlon Energy’s shares crossed Rs 50 for the first time. In early trading, shares of Suzlon Energy Limited hit a 12-year-high.
Suzlon Energy stock reached Rs 50 intraday for the last time on August 5, 2011, when it hit Rs 50.25 at the BSE. On 7 December 2007, the share price was at Rs 355.54.
The Government’s Scheme Is A Profitable One
Under the “Pradhanmantri Suryodaya Yajana”, the Finance Minister has proposed to assist rooftop solar panels on 1 crore homes.
In his budget speech, the Finance minister also said that one crore families would receive up to 300 free units of electricity each month under the Pradhan Mantri Suryodaya Yojana.
Each family can save up to Rs 18000 in a single year. Solar panels will provide up to 300 free units of electricity per month for one crore families under the Pradhan Mantri Suryodaya Yojana.
Solar energy companies may benefit from this, and their stock prices will increase.
A Profit Of 160 Percent Was Made By The Company
Suzlon Energy is in a profit. The company made a profit of 160 percent during the quarter ending December.
According to information provided to the stock exchange, the net income of the energy company for the third quarter of the current fiscal year (2023-24) was Rs 203.04 crore, an increase of about 160 percent.
The company’s net profits in the same quarter of the previous financial period, 2022-2023, were Rs 78.28 crore.
Suzlon Energy reported to the stock exchange that its income total increased to Rs 1,569.71 crore in the third quarter. In 2022, the figure was Rs 1,464.15 crore.
Share Target For Suzlon
Top market expert expects further upward movement in the Suzlon Share Price.
The chart pattern looks positive. Brokerage firm target price for Suzlon is Rs 54. Suzlon’s shares are up 27.01 percent this year so far YTD and 440.33 percent over the past year.
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 | ₹ 65,454 Cr. |
| Current Price | ₹ 48.90 |
| 52-wk High | ₹ 50.60 |
| 52-wk Low | ₹ 6.95 |
| Stock P/E | 104.53 |
| Book Value | ₹ 2.53 |
| Dividend | 0.00 % |
| ROCE | 20.8 % |
| ROE | – |
| Face Value | ₹ 2.00 |
| P/B Value | 19.3 |
| OPM | 15.0 % |
| EPS | ₹ 0.53 |
| Debt | ₹ 146 Cr. |
| Debt to Equity | 0.04 |
Suzlon Energy Ltd 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% |
Sales Growth Over 10 Years:
| 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.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Also Read: After Budget Speech This ₹162 Government Share Running Like Railway Share
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.
