ICICI Securities retains Buy on Suzlon Energy, raises target price to Rs 76
ETMarkets.com
Suzlon Energy's key products/revenue segments include Wind Turbine Generator, Property Development, Other Operating Revenue, Scrap, Sale of services for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3825.19 crore, up 27.41% from last quarter Total Income of Rs 3002.36 crore and up 73.29% from last year same quarter Total Income of Rs 2207.43 crore. The company has reported net profit after tax of Rs 1180.98 crore in the latest quarter.
The company's top management includes Mr.Vinod R Tanti, Mr.Girish R Tanti, Mr.Sameer Shah, Mrs.Seemantinee Khot, Mr.Pranav Tanti, Mr.Gautam Doshi, Mr.Per Hornung Pedersen. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 1,365 crore shares outstanding.
Live Events
Investment Rationale
Suzlon Energy ended FY25 on a high with a strong set of result; in Q4FY25, it reported revenue of Rs 38 billion (+73% YoY), EBITDA of Rs 7 billion (+94% YoY) and adjusted profit of Rs 5.8 billion (~2x YoY) - adjusted for deferred tax of INR 6bn. The strong performance was led by execution of 573MW of wind turbines (2.1x YoY). Its EBITDA margin also improved to 18.3% in Q4 (+200bps YoY); margin for FY25 came in at 17.1% (+130bps YoY) and the company guided for similar margin in FY26. Order inflow (OI) in Q4/FY25 was 0.6GW/3.65GW. As a result, order book (OB) swelled to ~5.6GW at end-May?25 (3.6x FY25 volumes). Outlook for the near to medium-term remains strong and Suzlon is poised well to cash-in on the opportunity with its 4.5GW capacity. Given the strong outlook on OI and execution growth in the medium term, ICICI Securities retains BUY with a revised target price of Rs 76 (earlier Rs 68), valuing the business at 40x FY27E earnings.
Promoter/FII Holdings
Promoters held 13.25 per cent stake in the company as of 31-Mar-2025, while FIIs owned 23.04 per cent, DIIs 6.99 per cent.
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has maintained Buy call on Suzlon Energy with a revised target price of Rs 76 (earlier Rs 68). The current market price of Suzlon Energy is Rs 72.53. Suzlon Energy, incorporated in 1995, is a Small Cap company with a market cap of Rs 97562.14 crore, operating in the Power sector.Suzlon Energy's key products/revenue segments include Wind Turbine Generator, Property Development, Other Operating Revenue, Scrap, Sale of services for the year ending 31-Mar-2024.For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3825.19 crore, up 27.41% from last quarter Total Income of Rs 3002.36 crore and up 73.29% from last year same quarter Total Income of Rs 2207.43 crore. The company has reported net profit after tax of Rs 1180.98 crore in the latest quarter.The company's top management includes Mr.Vinod R Tanti, Mr.Girish R Tanti, Mr.Sameer Shah, Mrs.Seemantinee Khot, Mr.Pranav Tanti, Mr.Gautam Doshi, Mr.Per Hornung Pedersen. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 1,365 crore shares outstanding.Suzlon Energy ended FY25 on a high with a strong set of result; in Q4FY25, it reported revenue of Rs 38 billion (+73% YoY), EBITDA of Rs 7 billion (+94% YoY) and adjusted profit of Rs 5.8 billion (~2x YoY) - adjusted for deferred tax of INR 6bn. The strong performance was led by execution of 573MW of wind turbines (2.1x YoY). Its EBITDA margin also improved to 18.3% in Q4 (+200bps YoY); margin for FY25 came in at 17.1% (+130bps YoY) and the company guided for similar margin in FY26. Order inflow (OI) in Q4/FY25 was 0.6GW/3.65GW. As a result, order book (OB) swelled to ~5.6GW at end-May?25 (3.6x FY25 volumes). Outlook for the near to medium-term remains strong and Suzlon is poised well to cash-in on the opportunity with its 4.5GW capacity. Given the strong outlook on OI and execution growth in the medium term, ICICI Securities retains BUY with a revised target price of Rs 76 (earlier Rs 68), valuing the business at 40x FY27E earnings.Promoters held 13.25 per cent stake in the company as of 31-Mar-2025, while FIIs owned 23.04 per cent, DIIs 6.99 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
10 minutes ago
- Economic Times
Stock Radar: Bharat Forge stock showing signs of bottoming out after over 30% fall from highs; time to buy?
Bharat Forge Ltd, part of the auto component space, bounced back after testing Rs 900 levels but the stock is still down by about 30% from the traders with a high-risk profile can look to buy the stock for a target above Rs 1300 levels in the next few weeks, suggest auto component stock hit a high of Rs 1,826 on June 21, 2024, but it failed to hold the momentum. It closed at Rs 1,270 on June 3, 2025 which translates
Deccan Herald
25 minutes ago
- Deccan Herald
Centre asks for tweaking Metro Phase 3A's 'high' cost
The 36.59-km Phase 3A, also called the Red Line, will connect Sarjapur in southeastern Bengaluru to Hebbal in the north. It is estimated to cost Rs 28,405 crore, or Rs 776.3 crore per km, the most expensive in Namma Metro's history.
Time of India
40 minutes ago
- Time of India
Crime AI an end-to-end investigation tool
"Currently, the NCRP complaint system relies on manual complaint submission through self-registration on the portal or through the 1930 helpline. It lacks intelligent classification, real-time tracking and streamlined investigation capabilities for complex fraud cases," said the startup's founder, Meet Bisht, a BTech in cybersecurity from Parul University and a cyber expert who worked closely with Gujarat Police. "Manual data entry is prone to human error. Often, minute details are missing from complaints as cyberfraud victims are often unaware of what is needed like the crime category or subcategory or transaction IDs," Bisht said. "As this process is time-consuming, by the time a complaint is lodged, the stolen funds have been layered through multiple accounts and recovery either becomes difficult or is only partial. There is also workload duplication for LEAs as the same fraudsters/accounts appear in multiple cases with no linkage," Bisht added. Crime AI was proposed as a solution at the IndiaAI I4C Cyber Guard AI Hackathon — the national competition organized by the India AI Mission in collaboration with the I4C. "Crime AI is a smart, end-to-end cybercrime investigation portal with AI classification, optical character recognition (OCR), voice processing and LEA workflow management features," said Bisht, whose team of young innovators, Rohit Ganaka and Yukta Chauhan, bagged Rs 3 lakh in funding after winning the third prize at the hackathon. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Health Plans for 2025 – Start Here Search7 Learn More Undo The AI classification in Crime AI auto-detects complaint category and subcategory using natural language processing. "The OCR-powered document analysis feature extracts text from screenshots, PDFs and images uploaded by complainants and auto-fills in the fields of the form from the evidence files," he said. Through audio transcription, voice complaints are converted into structured text. This feature detects and extracts entities like names, amounts, banks and fraud types, among others," said Bisht, adding that currently, the AI model supports more than 15 Indian languages. "With this model, law enforcement agencies, including those at district, state or national level, can even ask banks or payment gateways to freeze funds or put liens on accounts if there is a complaint of fraud," said Bisht.
