Suzlon Energy Ltd Share: If think of investing in a high-quality stock, there’s good news for you. Suzlon Energy shares may cross the threshold of Rs 60 shortly.
The brokerage company has advised to purchase of Suzlon Energy with a target price of Rs 65 per share. At present, the value for Suzlon Energy is Rs 54.68.
Shares of Suzlon Energy have increased by 210 percent in the past 1 year. Suzlon Energy has also been made debt-free through different methods, including rights issues and QIP.
Suzlon Energy reportedly has Rs 1100 crore of cash remaining at the end of March’s quarter. The market capitalization of the company totals 74,500.87 crore.
The Company Has Also Paid A Dividend
Suzlon Energy had done a stock split in 2008, in a proportion of 1:5. Suzlon Energy has recommended 4 dividends to date. Suzlon Energy has never declared any bonus shares as of yet.
The 52-week high price of Suzlon Energy share on BSE is Rs 56.45 per share (as of the date of 05/07/2024) while the 52-week low is Rs 17.33 per share (as as of 14/07/2023).
Suzlon Energy shares have given an average return of 30 percent in the past 3 months, 42 percent in the year to date, 784 percent over the past two years, and 1104 percent in the last five years.
What Is The Brokerage’s Opinion?
According to the brokerage company, it is advised to invest in dips, taking advantage of a potential decline in the share price. Particularly, buying should be at the price of Rs 52.
A stop-loss amount of 49.4 is suggested. Brokerage said that given these indications the stock is expected to hit its price targets of Rs 63 or Rs 65 shortly.
FPIs and FIIs increased their holdings by 17.83 percent to 19.57 percent in the March 2024 quarter. The number of investors in FIIs and FPIs increased between 464 and 574 during the quarter of March.
Mutual funds increased their holdings by 1.33 percent to 1.86 percent in the March 2024 period. According to sources, the number of MF plans increased by 17 to 23 during the March 2024 quarter.
Suzlon Energy Ltd Stock Performance
| Current Price | ₹ 54.6 |
| 52-wk High | ₹ 56.5 |
| 52-wk Low | ₹ 17.4 |
| 5 Days Return | -2.20% |
| 1 Month Return | 10.51% |
Key Fundamentals Parameters
| Market Cap | ₹ 73,831 Cr. |
| Stock P/E | 103 |
| Book Value | ₹ 2.91 |
| Dividend | 0.00 % |
| ROCE | 24.7 % |
| ROE | 28.4 % |
| Face Value | ₹ 2.00 |
| P/B Value | 18.8 |
| OPM | 15.8 % |
| EPS | ₹ 0.49 |
| Debt | ₹ 150 Cr. |
| Debt to Equity | 0.04 |
Suzlon Energy Ltd Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 14.50% |
| June 2023 | 14.50% |
| Sept 2023 | 13.28% |
| Dec 2023 | 13.28% |
| Mar 2024 | 13.28% |
| FII Holding | |
| Mar 2023 | 7.64% |
| Jun 2023 | 7.79% |
| Sep 2023 | 10.88% |
| Dec 2023 | 17.83% |
| Mar 2024 | 19.57% |
| DII Holding | |
| Mar 2023 | 5.55% |
| Jun 2023 | 5.90% |
| Sep 2023 | 9.81% |
| Dec 2023 | 6.16% |
| Mar 2024 | 6.30% |
| Govt. Holding | |
| Mar 2023 | 0.00% |
| Jun 2023 | 0.02% |
| Sep 2023 | 0.02% |
| Dec 2023 | 0.00% |
| Mar 2024 | 0.00% |
| Public Holding | |
| Mar 2023 | 72.30% |
| Jun 2023 | 71.78% |
| Sep 2023 | 65.99% |
| Dec 2023 | 62.74% |
| Mar 2024 | 60.85% |
Suzlon Energy Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 2,973 Cr |
| 2021 | ₹ 3,346 Cr |
| 2022 | ₹ 6,582 Cr |
| 2023 | ₹ 5,971 Cr |
| 2024 | ₹ 6,529 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ -2,692 Cr |
| 2021 | ₹ 104 Cr |
| 2022 | ₹ -177 Cr |
| 2023 | ₹ 2,887 Cr |
| 2024 | ₹ 660 Cr |
Conclusion
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience, and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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