Latest news with #Suzlon
Mint
a day ago
- Business
- Mint
Mutual funds boost holding in Suzlon Energy to an all-time high in June quarter
Mutual funds increased their bets on Suzlon Energy in the June quarter, as the latest shareholding data reveals that domestic fund houses collectively picked up an additional 1.07% stake in the wind energy company during the period. As of the end of June 2025, 30 mutual funds collectively held a 5.24% stake in Suzlon Energy, equivalent to 7.18 crore shares. This marks a notable increase from 4.17% at the end of the March quarter and 3.82% in Q1FY25, according to BSE shareholding data. The data also shows that Motilal Oswal Midcap Fund now holds a 1.03% stake in the company—a new addition, as the fund had no holdings in Suzlon at the end of March. Meanwhile, the Life Insurance Corporation of India (LIC) continues to hold a 1.02% stake. Retail investors also slightly increased their holdings by 0.1% to 55.1%, while promoters trimmed their stake to 11.7% from 13.3% in Q1FY25. Suzlon has remained on investors' radar in recent months due to positive brokerage views and multiple orders. Motilal Oswal, for instance, recently issued a 'buy' rating with a target price of ₹ 82 per share. The brokerage's optimism is driven by the expected adoption of the Revised List of Models and Manufacturers (RLMM) local content draft notification by Q2FY26, strong order prospects, the gradual phase-out of the ISTS waiver over the next four years, and an increasing share of EPC projects in the order book. Discussions with industry participants suggest that the RLMM notification—mandating local content in key wind turbine components—is likely to be formally implemented in Q2FY26. Motilal Oswal believes that Suzlon is well-positioned to benefit from favorable regulatory developments, a growing order book offering strong revenue visibility, and operational gains through proactive land acquisition and EPC expansion. Earlier, Anand Rathi also noted that Suzlon's 5.6 GW order book, which is 3.6x its FY25 execution volume, provides long-term growth visibility and ensures a steady pipeline of projects. It also reinitiated coverage with a 'buy' rating and a target price of ₹ 81 apiece. Despite these positive projections, the stock has come under pressure in recent months due to broader market weakness, declining 12% from its recent highs. However, Suzlon remains a strong long-term performer, with shares rising 277% over the past two years and over 1,200% in the last five years. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Time of India
14-07-2025
- Business
- Time of India
Top stocks to buy: Stock recommendations for the week starting July 14, 2025
Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting July 14, 2025) are Suzlon, and Glenmark Pharma. Let's take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) Suzlon 66 82 24% Glenmark 2175 2430 12% Suzlon Suzlon new order outlook remains healthy with expected order inflow of ~4GW in FY26, including potential ~1.5GW NTPC orders, which implies total potential OB of ~6.5GW by FY26 end. EPC share is likely to rise from 20% now to ~50% in the medium term, improving execution visibility. Revised list of Models & Manufacturers (RLMM) mandating local content for key components in wind turbines is likely to be formally adopted in 2QFY26. Gradual Inter-state transmission system (ISTS) waiver phase-out will support smoother project execution. Suzlon stands to benefit from proactive land acquisition and EPC expansion initiatives. Cash conversion cycle is expected to improve by 30-35 days which will enhance balance sheet strength & generate higher free cash flow, supporting sustainable RoEs. Glenmark Pharma Glenmark's subsidiary Ichnos Glenmark Innovation (IGI) has signed an exclusive licensing agreement with AbbVie, a diversified biopharma leader, for its oncology product ISB-2001, validating clinical & commercial potential of IGI's BEAT® protein platform. The $700m upfront—world's 4th largest payment—along with $1.2b in milestones, boosts R&D monetization. Tiered double-digit royalties offer annuity income, while ANDA pipeline expansion & domestic reset further support growth. AbbVie will commercialize ISB-2001 in developed markets, while Glenmark retains rights in emerging markets. Improved leverage and a domestic reset underpin 11%/17%/20% sales/EBITDA/PAT CAGR over FY25-27. We add INR470/share NPV to arrive at a TP of INR2,430, supported by its pivot toward innovation-led growth. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
11-07-2025
- Business
- Mint
Suzlon Energy share price gets another bullish target as Motilal Oswal sees it rising to ₹82
Suzlon Energy continues to stay on analysts' radar as brokerage firm Motilal Oswal reiterated its positive outlook on multibagger renewable energy stock Suzlon Energy with a 'buy' rating with a target price of ₹ 82 apiece. This comes just days after Anand Rathi also projected a similar target of ₹ 81 apiece, as it reinitiated coverage with a 'buy' rating. The brokerage's positive outlook on the stock stems from the expected adoption of the RLMM local content draft notification by Q2FY26, strong order prospects, the gradual phase-out of the ISTS waiver over the next four years, and a rising share of EPC projects in the order book. According to brokerage discussions with players in the wind industry, the Revised List of Models and Manufacturers (RLMM) notification mandating local content for key wind turbine components is likely to be formally adopted in Q2FY26. It also added that contract awards for approximately 1.5 GW of NTPC orders are expected soon, where Suzlon is seen as a strong contender. The brokerage further highlighted that the share of EPC (engineering, procurement, and construction) projects in Suzlon's overall order book is likely to rise from around 20% currently to about 50% in the medium term, improving execution visibility. Moreover, with the tax rate set to kick in from the second half of FY27, the brokerage believes Suzlon is likely to resort to debt—primarily for working capital needs—thereby enhancing balance sheet efficiency and sustaining returns on equity (RoEs). The brokerage believes that the company stands to benefit from regulatory tailwinds mandating local content, a robust and growing order book that ensures strong revenue visibility, and operational improvements driven by proactive land acquisition and EPC expansion initiatives. Earlier, Anand Rathi noted that Suzlon's order book of 5.6 GW, which is 3.6 times its FY25 execution volumes, offers strong long-term growth assurance and ensures a steady project execution pipeline. After maintaining a steady upward trend between March and May, Suzlon Energy share price has come under pressure in recent months, amid broader weakness in the Indian stock market. Suzlon Energy stock declined 5.3% in June and has fallen another 3% so far in July. However, it remains a strong long-term performer, with Suzlon Energy shares rising 277% over the past two years and over 1,200% in the last five years.
Mint
11-07-2025
- Business
- Mint
Suzlon Energy share price gets another bullish target as Motilal Oswal sees it rising to ₹82
Suzlon Energy continues to stay on analysts' radar as brokerage firm Motilal Oswal reiterated its positive outlook on multibagger renewable energy stock Suzlon Energy with a 'buy' rating with a target price of ₹ 82 apiece. This comes just days after Anand Rathi also projected a similar target of ₹ 81 apiece, as it reinitiated coverage with a 'buy' rating. The brokerage's positive outlook on the stock stems from the expected adoption of the RLMM local content draft notification by Q2FY26, strong order prospects, the gradual phase-out of the ISTS waiver over the next four years, and a rising share of EPC projects in the order book. According to brokerage discussions with players in the wind industry, the Revised List of Models and Manufacturers (RLMM) notification mandating local content for key wind turbine components is likely to be formally adopted in Q2FY26. It also added that contract awards for approximately 1.5 GW of NTPC orders are expected soon, where Suzlon is seen as a strong contender. The brokerage further highlighted that the share of EPC (engineering, procurement, and construction) projects in Suzlon's overall order book is likely to rise from around 20% currently to about 50% in the medium term, improving execution visibility. Moreover, with the tax rate set to kick in from the second half of FY27, the brokerage believes Suzlon is likely to resort to debt—primarily for working capital needs—thereby enhancing balance sheet efficiency and sustaining returns on equity (RoEs). The brokerage believes that the company stands to benefit from regulatory tailwinds mandating local content, a robust and growing order book that ensures strong revenue visibility, and operational improvements driven by proactive land acquisition and EPC expansion initiatives. Earlier, Anand Rathi noted that Suzlon's order book of 5.6 GW, which is 3.6 times its FY25 execution volumes, offers strong long-term growth assurance and ensures a steady project execution pipeline. After maintaining a steady upward trend between March and May, Suzlon Energy share price has come under pressure in recent months, amid broader weakness in the Indian stock market. Suzlon Energy stock declined 5.3% in June and has fallen another 3% so far in July. However, it remains a strong long-term performer, with Suzlon Energy shares rising 277% over the past two years and over 1,200% in the last five years. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
09-07-2025
- Business
- Economic Times
Suzlon Energy vs Inox Wind: Both underperforming in 2025, which one is better?
Suzlon Energy and Inox Wind are charting markedly different paths in India's resurgent wind energy sector, but both stocks have stumbled in 2025. Year to date, Suzlon shares are up a modest 1%, while Inox Wind has dropped 10.5%. The divergence, however, extends far beyond stock price. ADVERTISEMENT Suzlon is decisively outpacing its peers across six critical areas—project execution, order book visibility, balance sheet strength, profitability metrics, valuation, and ESG positioning—cementing its edge as investor sentiment pivots towards scale, stability and proven delivery. The contrasting trajectories come amid renewed investor interest in India's wind segment, buoyed by the government's target of 500 GW renewable capacity by 2030 and a shift toward hybrid power tenders. uzlon executed 2,500 MW of projects in FY25, more than three times Inox Wind's 705 MW, while holding a 5.6 GW order book and a net cash position of Rs 1,943 crore. 'Suzlon's execution of 2,500 MW in FY25 demonstrates significantly higher operational throughput,' said Bhavik Joshi, Business Head at INVasset PMS. 'Its order book and liquidity suggest stronger financial flexibility as it scales up to 3,100 MW by FY27.'Sunny Agrawal, Head of Fundamental Equity Research at SBI Securities, said, 'Suzlon is better placed given its size and decades of experience backed by execution capabilities. Suzlon is to further execute 2.5 GW in FY26 and 3 GW plus in FY27.' ADVERTISEMENT By contrast, Inox Wind is still in the early innings of a turnaround. It reported 1.5 GW of fresh order inflows in FY25 and reduced liabilities by Rs 2,050 crore through a merger with Inox Green. Its order book stood at 3.2 GW at year-end. While this marks progress, analysts believe Suzlon's financial and operational readiness sets it apart.'Suzlon has reduced its debt from Rs 13,000 crore plus in FY20 to less than Rs 500 crore as of FY25. The company is now net worth positive versus 10 years of negative net worth,' Agrawal said. ADVERTISEMENT Suzlon's profitability has rebounded strongly. The company posted a Profit After Tax of Rs 2,072 crore in FY25, boosted by a Rs 638 crore deferred tax gain, with EBITDA of Rs 1,857 crore. Its return metrics sharply outpaced its peers: ROE stood at 41.3% and ROCE at 32.4%, compared to Inox Wind's ROE of 13.2% and ROCE of 11.5%.'Despite Inox Wind's faster revenue growth, Suzlon's superior capital efficiency reflects its mature execution framework and operating leverage,' said Joshi. 'These profitability ratios are critical markers of long-term sustainability.' ADVERTISEMENT Valuation-wise, Suzlon trades at a P/E of 47.2 and a P/B of 24.81, while Inox Wind commands a higher P/E of 55.9 but a lower P/B of 11.38. 'Suzlon's lower P/E suggests more earnings visibility despite its premium on book value,' said Joshi. 'From a valuation discipline standpoint, Suzlon appears more reasonably valued on earnings power.'Agrawal echoed the view, noting that 'Suzlon may do better than Inox' on valuation and outlook, given its cleaner balance sheet and five-year loss reversal. ADVERTISEMENT Suzlon is also gaining favour among ESG-conscious investors. The company is targeting net-zero Scope 1 and 2 emissions by 2035 and raised capital via a QIP in 2023. Inox Wind has yet to outline a comparable ESG roadmap, limiting its appeal to climate-aligned institutional capital.'Being part of the renewable power segment, the ESG performance gets a better score,' said Agrawal. 'We don't expect a significant capex plan for Suzlon and hence may not require fresh capital in the near term.'Vijay Agrawal, Managing Director of investment banking at Equirus, said, 'Suzlon is the story of revival through discipline and delivery. Inox is the story of reinvention through strategic clean-up and growth bets.'Suzlon shares have risen 19.4% over the past year and gained 904% in the last three years. In the past three months alone, the stock is up 27%. From a technical standpoint, the stock is trading above all eight of its key simple moving averages, with an RSI of 55.3, suggesting bullish Wind shares, by comparison, are up nearly 12% over one year and 762% over three years, but down over 10% in 2025. The stock is currently trading below four of its eight key SMAs and shows a bearish MACD signal, with an RSI of note that Inox Wind's client disclosures—NTPC, CESC, and Hero Future Energies—improve investor comfort, but Suzlon's scale and consistency remain compelling. 'Suzlon's larger order book suggests diversified demand across private and government-linked entities,' said Joshi. 'While client quality is vital, execution, delivery timelines, and payment efficiency ultimately define pipeline strength.' Looking ahead Both companies are positioned to benefit from India's wind energy push, but the near-term investor tilt is clear.'All renewable players could be beneficiaries, but Suzlon can be a winner in the long term due to its ability to execute large projects, strong execution capabilities, much clearer balance sheet, capacity addition, and strong industrial tailwind,' said Agrawal of SBI as Equirus' Vijay Agrawal summed up that 'if you want stability and scale today, Suzlon is your pick. If you believe in comeback stories and can stomach a few bumps, Inox might just surprise you.' Also read | Suzlon Energy gets 'no adverse observations' from NSE, BSE for merger with subsidiary (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
