Suzlon Energy logo

Suzlon Energy share price

NSE: SUZLONBSE: 532667Electrical EquipmentMid Cap

Suzlon Energy Limited · Face value ₹2 · Listed Oct 2005
Last close ₹36.92down ₹0.20 (0.54%)BSE ₹36.95

Share price at the NSE close on 27 Oct 2026. Previous close ₹37.12.

27 Oct: open ₹37.12, high ₹37.59, low ₹36.65

52-week range of traded prices to 27 Oct 2026
₹36.31Low, 8 Oct 2026₹61.50High, 6 Nov 2025
Market cap
₹50,751 Cr158th largest listed
P/E
16.14
P/B
5.36
Dividend yield
Nonein the last 12 months
ROE
40.4%
ROCE
27.4%
Debt to equity
0.03
Volume, NSE
12,55,55,10252.0% delivered

Suzlon Energy share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−31.3%over a year · Nifty 500 −8.8%

Results20-session average 7,22,31,498 shares a day, 41.8% delivered

About Suzlon Energy

Suzlon Energy Limited makes wind turbines and their components at plants in India, sells them, and runs and maintains wind turbines for their owners.12 Its customers include public sector companies, independent power producers and commercial and industrial businesses.34 It is widening its offer to complete renewable energy projects that combine wind, solar and battery storage, and develops project sites with land and grid connection in place.53

Under its Suzlon 2.0 strategy it runs 4 businesses, RE meaning renewable energy: RE Tech (turbine technology), RE DevCo (project development), RE Projects (building projects) and RE AMS (asset management services, which run and maintain plants).6 It has more than 22 GW (gigawatts) of wind capacity installed across 17 countries and, it says, a 28% cumulative market share in India.72 Its subsidiary Renom Energy Services maintains turbines of many makes; in the year to Mar 2026 the company bought a further 21.67% of Renom and is obliged to buy the remaining 24%.18

It was incorporated in 1995, has its registered office in Ahmedabad and is based at One Earth in Pune.9 Its wholly owned subsidiary Suzlon Global Services Limited merged into it on 10 May 2025, and its southern and western project divisions then moved to wholly owned subsidiaries.10 Vinod R. Tanti is chairman and managing director, co-founder Girish Tanti is vice chairman, and Ajay Kapur is group chief executive officer.1112 Of its 6 directors, 2 executive directors and 1 non-executive director are promoter directors.13

Suzlon Energy key points

Results

  • In the quarter to Jun 2026, consolidated revenue was ₹3,819 crore, up 23% year on year; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹595 crore against ₹599 crore a year earlier, and net profit ₹305 crore against ₹324 crore.141516
  • In the year to Mar 2026, consolidated revenue was ₹16,679 crore against ₹10,851 crore a year earlier, EBITDA ₹3,022 crore against ₹1,857 crore and net profit ₹3,163 crore against ₹2,072 crore, including a mainly non-cash tax credit of ₹742 crore.1718
  • At the end of June 2026, consolidated net worth was ₹9,869 crore and net cash (cash held in excess of borrowings) ₹2,322 crore.19
  • It delivered 506 megawatts (MW) of turbines in the quarter, its most for a quarter to June, up 14% year on year, and commissioned (connected and running) 269 MW; 1,257 MW stood erected and awaiting commissioning.2021

Business segments

  • Wind turbines and projects. Turbines, projects and land: revenue ₹14,040 crore and EBITDA ₹2,053 crore in the year to Mar 2026; contribution margin (revenue less direct costs) was 23.4% in the quarter to Jun 2026.2223
  • Operation and maintenance (India). Runs and maintains an installed base of 16+ GW for 1,900+ customers; revenue ₹2,073 crore and EBITDA ₹839 crore (40.5% margin) in the year to Mar 2026.2425
  • Foundry and forging. Makes forging rings and castings, with annual capacity of 120,000 tonnes (MT); revenue ₹126 crore and EBITDA ₹22 crore in the quarter to Jun 2026.222627

Plants and capacity

  • Suzlon’s manufacturing capacity is about 4.5 GW, with nacelle plants (the nacelle holds the generator atop the tower) in Daman and Puducherry and expanded blade manufacturing in Madhya Pradesh and Rajasthan.28
  • In its presentation of 28 Jul 2026, the company said 3 new blade factories were being built.29
  • On its earnings call of 28 Jul 2026, the company said its capital spending guidance of about ₹700 crore, give or take ₹100 crore, is unchanged.30

Order book

  • The order book (orders received but not yet delivered) was 6,135 MW in July 2026, including a 201.6 MW Waaree Group order received after June, against 5,697 MW in March 2026.31
  • Order book by customer type32
    ItemJul 2026
    Own-use, commercial and industrial, and retail buyers70%
    Central and state auctions16%
    Public sector companies14%
  • By model, the S144 is 88% of the order book, the S120 10% and the S175 2%; 32% is EPC work (engineering, procurement and construction of the whole project).33

Research and development

  • It runs research and development (R&D) centres in Germany, the Netherlands, Denmark and India, and spent ₹180.49 crore on R&D in the year to Mar 2026, 1.20% of its total turnover.34

What the company expects

  • On its earnings call of 28 Jul 2026, the company said it targets 10 GW of renewable energy sales in the year to Mar 2031, including wind, solar and battery storage, with about 7,500 MW of it wind.35
  • On its earnings call of 28 Jul 2026, the company said it is in talks with partners on battery energy storage and targets 3.1 GW of it by the year to Mar 2031.36
  • The company said it aims to keep its EBITDA margin (EBITDA as a share of revenue) at about 17% to 18%, give or take 1% to 2% (or 0.5%, in a second answer); it was 15.6% in the quarter to Jun 2026.373839
  • On its earnings call of 28 Jul 2026, the company said it expects to invest about ₹500 crore, revolving, in DevCo, which buys land and grid connection for the projects it builds.4041

Recent events

  • On 8 Sep 2026 it won a first order from Ayana Renewable Power, 200 MW for 64 S144 turbines at Limbawas in Madhya Pradesh, taking S144 orders past 10 GW.4243
  • On 25 Aug 2026 it won a 250 MW order from Torrent, taking Torrent orders past 1.3 GW.44
  • On 30 Jun 2026 it won the first order for its S175 turbine, 105 MW from Sunsure Energy for 21 turbines in Bijapur, Karnataka.4546
  • On 25 Jun 2026 it won a 400 MW EPC contract from Tata Power Renewable Energy under its DevCo model, for 127 S144 turbines in Anantapur, Andhra Pradesh.4748

Litigation and regulatory matters

  • SEBI, the market regulator, issued a show cause notice on 26 Sep 2025 on matters a 27 Jun 2025 order had disposed of in the company's favour; a hearing preceded its annual report of 21 Aug 2026; the company's documents give no outcome.49
  • In its exchange filing of 20 Feb 2026, the company said Chennai customs had fined Suzlon Global Services Limited, since merged into it, ₹9.60 crore over alleged short payment of customs duty, and that it would appeal.5051

Last updated

All 51 sources, each with its page
  1. 1. Annual report, 21 Aug 2026, page 184
  2. 2. Annual report, 21 Aug 2026, page 40
  3. 3. Annual report, 21 Aug 2026, page 73
  4. 4. Annual report, 21 Aug 2026, page 70
  5. 5. Annual report, 21 Aug 2026, page 72
  6. 6. Investor presentation, 28 Jul 2026, page 20
  7. 7. Exchange filing, 8 Sep 2026, page 4
  8. 8. Annual report, 21 Aug 2026, page 454
  9. 9. Annual report, 21 Aug 2026, page 183
  10. 10. Annual report, 21 Aug 2026, page 118
  11. 11. Annual report, 21 Aug 2026, page 164
  12. 12. Exchange filing, 8 Sep 2026, page 3
  13. 13. Annual report, 21 Aug 2026, page 146
  14. 14. Earnings call, 28 Jul 2026, page 4
  15. 15. Earnings call, 28 Jul 2026, page 6
  16. 16. Investor presentation, 28 Jul 2026, page 25
  17. 17. Investor presentation, 28 Jul 2026, page 25
  18. 18. Investor presentation, 28 Jul 2026, page 25
  19. 19. Earnings call, 28 Jul 2026, page 5
  20. 20. Investor presentation, 28 Jul 2026, page 20
  21. 21. Investor presentation, 28 Jul 2026, page 22
  22. 22. Annual report, 21 Aug 2026, page 444
  23. 23. Investor presentation, 28 Jul 2026, page 22
  24. 24. Investor presentation, 28 Jul 2026, page 23
  25. 25. Investor presentation, 28 Jul 2026, page 14
  26. 26. Earnings call, 28 Jul 2026, page 4
  27. 27. Investor presentation, 28 Jul 2026, page 24
  28. 28. Annual report, 21 Aug 2026, page 73
  29. 29. Investor presentation, 28 Jul 2026, page 13
  30. 30. Earnings call, 28 Jul 2026, page 13
  31. 31. Investor presentation, 28 Jul 2026, page 16
  32. 32. Investor presentation, 28 Jul 2026, page 16
  33. 33. Investor presentation, 28 Jul 2026, page 16
  34. 34. Annual report, 21 Aug 2026, page 134
  35. 35. Earnings call, 28 Jul 2026, page 16
  36. 36. Earnings call, 28 Jul 2026, page 14
  37. 37. Earnings call, 28 Jul 2026, page 7
  38. 38. Earnings call, 28 Jul 2026, page 9
  39. 39. Investor presentation, 28 Jul 2026, page 25
  40. 40. Earnings call, 28 Jul 2026, page 12
  41. 41. Earnings call, 28 Jul 2026, page 13
  42. 42. Exchange filing, 8 Sep 2026, page 3
  43. 43. Exchange filing, 8 Sep 2026, page 2
  44. 44. Exchange filing, 25 Aug 2026, page 1
  45. 45. Exchange filing, 30 Jun 2026, page 3
  46. 46. Exchange filing, 30 Jun 2026, page 2
  47. 47. Exchange filing, 25 Jun 2026, page 3
  48. 48. Exchange filing, 25 Jun 2026, page 1
  49. 49. Annual report, 21 Aug 2026, page 444
  50. 50. Exchange filing, 20 Feb 2026, page 1
  51. 51. Exchange filing, 20 Feb 2026, page 2

Results

Consolidated; ₹ crore.Suzlon Energy quarterly results

Revenue growth, 12 months
+45.2%
Net profit growth, 12 months
+50.2%

Quarter to Jun 2026, against the quarter before

Revenue
₹3,829 Crdown 30.29%
Net profit
₹305 Crdown 72.61%
Net margin
8.0%

Revenue by quarter

₹2,103 CrSep 24₹2,975 CrDec 24₹3,790 CrMar 25₹3,132 CrJun 25₹3,871 CrSep 25₹4,236 CrDec 25₹5,493 CrMar 26₹3,829 CrJun 26
Peak revenue ₹5,493 Cr, quarter to Mar 2026; lowest ₹2,103 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹201 CrSep 24₹388 CrDec 24₹1,181 CrMar 25₹324 CrJun 25₹1,279 CrSep 25₹445 CrDec 25₹1,114 CrMar 26₹305 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,1032,9753,7903,1323,8714,2365,4933,829
Net profit2013881,1813241,2794451,114305
Net margin9.5%13.0%31.2%10.4%33.1%10.5%20.3%8.0%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Wind Turbine Generator₹14,040 Crup 65.54%82.0%
  • Operation & Maintenance Service₹2,484 Crup 11.81%14.5%
  • Foundry & Forging₹596 Crup 21.90%3.5%
  • Others₹8 Cr0.0%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.Suzlon Energy PE ratio and valuation

Price to earnings

At or below today's level on 0.3% of 737 trading days over the last 3 years.

LowestHighest
Its median63.44Industry median36.31
Price to book

At or below today's level on 0.3% of 720 trading days over the last 3 years.

LowestHighest
Its median15.10Industry median5.71

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−30.2%+52.0%−54.1%0.0%
3 years+71.1%+0.3%+70.6%0.0%
5 years+51.2%+79.9%−15.9%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2021 and Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Suzlon Energy shareholding pattern

Shareholding by group

  • Promoters11.70%
  • Foreign institutions23.63%
  • Indian institutions10.25%
  • Individuals and others54.42%
Holder
Tanti Holdings Private LimitedPromoter4.62%
Rambhaben UkabhaiPromoter3.24%
Samanvaya Holdings Private LimitedPromoter2.66%
BELGRAVE INVESTMENT FUND .Foreign companies1.86%
CANNON REALTY PVT. LTD.Companies1.75%
ADITYA THERMAL ENERGY PRIVATE LIMITEDCompanies1.28%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.01 pts, foreign institutions −0.52 pts, Indian institutions −0.86 pts, mutual funds +0.07 pts.

Mutual fund holdings

158 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 114 of the 127 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 158 funds holding Suzlon Energy

Bought for the first time
1
Bought again
1
Added
80
Cut
47
Held unchanged
28
Sold out
10
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Suzlon Energy insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 59 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Suzlon Energy competitors and peers

Heavy Electrical Equipment, 48 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Suzlon Energy in market cap.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Hitachi Energy India logoHitachi Energy IndiaPOWERINDIA1,26,563110.0224.45+40.2%+127.7%24.5%25.4%0.03%
Siemens logoSiemensSIEMENS1,18,92636.318.59−1.7%+33.7%25.0%11.7%0.54%
GE Vernova T&D India logoGE Vernova T&D IndiaGVT&D1,01,90778.0937.88+43.9%+70.6%58.5%63.5%0.25%
Siemens Energy India logoSiemens Energy IndiaENRIN1,01,27768.0621.05––34.3%39.2%0.14%
Thermax logoThermaxTHERMAX37,57463.326.77+4.7%−11.6%11.3%8.3%0.63%
Schneider Electric Infrastructure logoSchneider Electric InfrastructureSCHNEIDER27,289148.5035.24+9.6%−29.5%27.5%24.7%0.00%
TD Power Systems logoTD Power SystemsTDPOWERSYS22,09080.3320.61+54.3%+45.3%28.5%32.8%0.15%
Azad Engineering logoAzad EngineeringAZAD16,646119.7610.89+28.7%+39.5%9.5%9.0%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Suzlon Energy dividend history

Ex-dateTypePer share
17 Jul 2008Final₹1.00
16 Mar 2007Interim₹5.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Suzlon Energy announcements

Suzlon Energy share price by year

Each calendar year to 2025.Suzlon Energy share price history

YearClose at year endChangeHighest closeLowest close
202552.67−15.3%71.4849.71
202462.22+62.9%84.7036.30
202338.20+260.4%42.307.05
202210.60+3.9%12.806.10
202110.20+59.4%10.204.45
20206.40+245.9%6.401.75
20191.85−65.7%7.901.85
20185.40−65.3%16.455.10
201715.55+12.7%21.2513.30
201613.80−33.8%22.9012.85
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 202637.0037.3736.5637.1237.017,96,37,39338.7%
23 Oct 202638.5738.6236.8837.4037.287,52,90,67549.8%
22 Oct 202639.0539.2338.2638.5738.705,13,26,20943.8%
21 Oct 202640.2340.3438.7739.4039.376,26,32,85039.4%
19 Oct 202641.5841.5840.2540.3840.876,52,37,71644.5%
16 Oct 202640.9542.0040.6042.0041.256,22,00,07749.2%
15 Oct 202640.7541.3840.4240.9540.978,98,44,20943.5%
14 Oct 202640.1940.8039.8040.8040.386,74,54,29033.1%
13 Oct 202639.9540.3339.1340.1939.798,37,59,02227.9%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
3 Oct 2022Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
5 Mar 2019Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
22 Feb 2019Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
5 Feb 2019Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
28 Feb 2013Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
9 Jun 2010Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
7 Jan 2009Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
24 Oct 2008Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
21 Jan 2008Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson and managing director
Vinod R.Tanti
At the end of the quarter to Sep 2026
NSE symbol
SUZLON
BSE code
532667
ISIN
INE040H01021
Industry
Electrical Equipment
CIN
L40100GJ1995PLC025447
Corporate identity number, the registrar of companies' code for it
Incorporated
1995
Registered office
Suzlon, 5, Shrimali Society, Near Shri Krishna Complex, Navrangpura, Ahmedabad 380009, Gujarat
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments