DIIs Bought 4,00,34,002 Shares: This Renewable Energy Giant Reports 5,622 MW Order Book Despite 402 MW Cancellations and Adjustments
The stock gave multibagger returns of 485 per cent in just 2 years and a whopping 2,200 per cent in 5 years. Investors should keep an eye on this multibagger stock under the radar.
Suzlon Energy Limited, a prominent player in the renewable energy sector, recently provided an update on its order book status. As of March 28, 2025, the company's order book stands at 5,622 MW, reflecting changes due to new order intakes, cancellations, and truncations. Notably, a 99 MW order from Vibrant Energy and a 100.8 MW order from a leading global utility have been cancelled. Additionally, a 201.6 MW order from O2 Power Private Limited has been reduced to 100.80 MW and will now be executed under Solalite Power Private Limited. Despite these adjustments, Suzlon assures that these changes will not materially impact its order book position. The company continues to focus on its strategic priorities and maintains a robust order book, underscoring its resilience in the renewable energy market.
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Suzlon Energy Limited is a leading global provider of renewable energy solutions, specialising in the manufacturing, project execution, and maintenance of wind turbine generators. The company has installed over 20 GW of wind energy across 17 countries, with 111+ wind farms totalling a capacity of 13,880 MW. Suzlon's product portfolio includes advanced wind turbine generators like the S144, S133, and S120, designed to optimise energy yield across various wind regimes. The company also offers comprehensive services, including operations and maintenance, wind project planning, and execution. Suzlon's clientele comprises major power utilities and electricity producers, including prominent names like ACC, Adani Renewables, and Tata. In FY22, Suzlon completed a significant debt restructuring, reducing its debt burden and enhancing financial stability. The company continues to innovate, introducing a 3 MW product series and installing India's tallest wind turbine to maximise yields from low wind sites. Suzlon's strategic focus remains on expanding its renewable energy footprint and delivering sustainable energy solutions.
As of March 28, 2025, Suzlon Energy Limited's stock is priced at Rs 56.6. The stock has a 52-week high of Rs 84.7 and a 52-week low of Rs 39. Suzlon Energy Limited has a market capitalisation of Rs 77,839 crore. The company has delivered a 1-year return of 39.86 per cent and an impressive 3-year return of 512.55 per cent. Its Price-Earnings (PE) Ratio stands at 68. Major public shareholders include Belgrave Investment Fund with 1.87 per cent, Cannonrealtypvt Ltd Jw Sunfastfin Servicespvt Ltd with 1.77 per cent, and Adityathermalenergypvtltdjwadityamedisalesltdjwkumudshanghviincapacity Ofpartnerssunriseassociates with 1.29 per cent.
Results: According to Quarterly Results, the net sales increased by 81 per cent to Rs 911.3 crore in Q3FY25 compared to net sales of Rs 503.5 crore in Q3FY24. The company reported a net profit of Rs 116.7 crore in Q3FY25 compared to a net profit of Rs 1.1 crore in Q3FY24, an increase of 10,802 per cent. In its nine-month results, the net sales increased by 87 per cent to Rs 2,282.3 crore in 9MFY25 compared to net sales of Rs 1,222.8 crore in 9MFY24. The company reported a net profit of Rs 261.3 crore in 9MFY25 compared to a net loss of Rs 87.3 crore in 9MFY24, an increase of 400 per cent. Looking at its annual results, the net sales increased by 137.8 per cent to Rs 1,743.24 crore in FY24 compared to FY23. The company reported a net loss of Rs 50.79 crore in FY24 compared to a net loss of Rs 696.84 crore in FY23.
The company has a market cap of over Rs 20,000 crore with a 3-year stock price CAGR of 115 per cent. The company’s order book is 3,286 MW as of December 31, 2024. DIIs bought 72,76,501 shares and increased their stake to 9.81 per cent in December 2024 compared to September 2024. The stock gave multibagger returns of 485 per cent in just 2 years and a whopping 2,200 per cent in 5 years. Investors should keep an eye on this multibagger stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.