Suzlon Energy share price
NSE: SUZLONBSE: 532667Electrical EquipmentMid Cap
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
- Next results date: the board meets on 29 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹50,751 Cr158th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 16.14
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 5.36
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 40.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 27.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.03
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 12,55,55,10252.0% 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
Item Jul 2026 Own-use, commercial and industrial, and retail buyers 70% Central and state auctions 16% Public sector companies 14% - 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. Annual report, 21 Aug 2026, page 184
- 2. Annual report, 21 Aug 2026, page 40
- 3. Annual report, 21 Aug 2026, page 73
- 4. Annual report, 21 Aug 2026, page 70
- 5. Annual report, 21 Aug 2026, page 72
- 6. Investor presentation, 28 Jul 2026, page 20
- 7. Exchange filing, 8 Sep 2026, page 4
- 8. Annual report, 21 Aug 2026, page 454
- 9. Annual report, 21 Aug 2026, page 183
- 10. Annual report, 21 Aug 2026, page 118
- 11. Annual report, 21 Aug 2026, page 164
- 12. Exchange filing, 8 Sep 2026, page 3
- 13. Annual report, 21 Aug 2026, page 146
- 14. Earnings call, 28 Jul 2026, page 4
- 15. Earnings call, 28 Jul 2026, page 6
- 16. Investor presentation, 28 Jul 2026, page 25
- 17. Investor presentation, 28 Jul 2026, page 25
- 18. Investor presentation, 28 Jul 2026, page 25
- 19. Earnings call, 28 Jul 2026, page 5
- 20. Investor presentation, 28 Jul 2026, page 20
- 21. Investor presentation, 28 Jul 2026, page 22
- 22. Annual report, 21 Aug 2026, page 444
- 23. Investor presentation, 28 Jul 2026, page 22
- 24. Investor presentation, 28 Jul 2026, page 23
- 25. Investor presentation, 28 Jul 2026, page 14
- 26. Earnings call, 28 Jul 2026, page 4
- 27. Investor presentation, 28 Jul 2026, page 24
- 28. Annual report, 21 Aug 2026, page 73
- 29. Investor presentation, 28 Jul 2026, page 13
- 30. Earnings call, 28 Jul 2026, page 13
- 31. Investor presentation, 28 Jul 2026, page 16
- 32. Investor presentation, 28 Jul 2026, page 16
- 33. Investor presentation, 28 Jul 2026, page 16
- 34. Annual report, 21 Aug 2026, page 134
- 35. Earnings call, 28 Jul 2026, page 16
- 36. Earnings call, 28 Jul 2026, page 14
- 37. Earnings call, 28 Jul 2026, page 7
- 38. Earnings call, 28 Jul 2026, page 9
- 39. Investor presentation, 28 Jul 2026, page 25
- 40. Earnings call, 28 Jul 2026, page 12
- 41. Earnings call, 28 Jul 2026, page 13
- 42. Exchange filing, 8 Sep 2026, page 3
- 43. Exchange filing, 8 Sep 2026, page 2
- 44. Exchange filing, 25 Aug 2026, page 1
- 45. Exchange filing, 30 Jun 2026, page 3
- 46. Exchange filing, 30 Jun 2026, page 2
- 47. Exchange filing, 25 Jun 2026, page 3
- 48. Exchange filing, 25 Jun 2026, page 1
- 49. Annual report, 21 Aug 2026, page 444
- 50. Exchange filing, 20 Feb 2026, page 1
- 51. Exchange filing, 20 Feb 2026, page 2
Results
Consolidated; ₹ crore.Suzlon Energy quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +45.2%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +50.2%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,829 Crdown 30.29%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹305 Crdown 72.61%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 8.0%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,103 | 2,975 | 3,790 | 3,132 | 3,871 | 4,236 | 5,493 | 3,829 |
| Net profit | 201 | 388 | 1,181 | 324 | 1,279 | 445 | 1,114 | 305 |
| Net margin | 9.5% | 13.0% | 31.2% | 10.4% | 33.1% | 10.5% | 20.3% | 8.0% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹16,732 Crup 53.65%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹3,163 Crup 52.70%
- Net margin
- 18.9%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12,714 | 8,334 | 5,025 | 2,973 | 3,346 | 6,582 | 5,971 | 6,529 | 10,890 | 16,732 |
| Net profit | 852 | −384 | −1,537 | −2,692 | 104 | −177 | 2,887 | 660 | 2,072 | 3,163 |
| Net margin | 6.7% | −4.6% | −30.6% | −90.5% | 3.1% | −2.7% | 48.4% | 10.1% | 19.0% | 18.9% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Wind Turbine GeneratorWind Turbine Generator, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹14,040 Crup 65.54%82.0%
- Operation & Maintenance ServiceOperation & Maintenance Service, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,484 Crup 11.81%14.5%
- Foundry & ForgingFoundry & Forging, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹596 Crup 21.90%3.5%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹8 Cr0.0%
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
At or below today's level on 0.3% of 737 trading days over the last 3 years.
At or below today's level on 0.3% of 720 trading days over the last 3 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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 timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 80
- CutCut. Funds that held fewer shares than at the end of the month before.
- 47
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 28
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 10
| Fund | |||
|---|---|---|---|
| 19,49,39,381 | 1.91% | ₹769.8 Cr | |
| 13,37,72,546 | 2.66% | ₹528.3 Cr | |
| 6,09,13,624 | 1.79% | ₹240.5 Cr | |
| 5,77,25,000 | 1.65% | ₹228.0 Cr | |
| 5,10,00,000 | 1.69% | ₹201.4 Cr | |
| 4,23,67,200 | 0.22% | ₹167.3 Cr | |
| 3,25,00,000 | 1.06% | ₹128.3 Cr | |
| 2,54,00,000 | 2.05% | ₹100.3 Cr | |
| 2,13,15,210 | 0.29% | ₹84.2 Cr | |
| 2,06,50,200 | 0.75% | ₹81.5 Cr |
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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,26,563 | 110.02 | 24.45 | +40.2% | +127.7% | 24.5% | 25.4% | 0.03% | |
| 1,18,926 | 36.31 | 8.59 | −1.7% | +33.7% | 25.0% | 11.7% | 0.54% | |
| 1,01,907 | 78.09 | 37.88 | +43.9% | +70.6% | 58.5% | 63.5% | 0.25% | |
| 1,01,277 | 68.06 | 21.05 | – | – | 34.3% | 39.2% | 0.14% | |
| 37,574 | 63.32 | 6.77 | +4.7% | −11.6% | 11.3% | 8.3% | 0.63% | |
| 27,289 | 148.50 | 35.24 | +9.6% | −29.5% | 27.5% | 24.7% | 0.00% | |
| 22,090 | 80.33 | 20.61 | +54.3% | +45.3% | 28.5% | 32.8% | 0.15% | |
| 16,646 | 119.76 | 10.89 | +28.7% | +39.5% | 9.5% | 9.0% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Suzlon Energy dividend history
| Ex-date | Type | Per share |
|---|---|---|
| 17 Jul 2008 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹1.00 |
| 16 Mar 2007 | Interim | ₹5.00 |
Latest announcements
Routine notices left out.Suzlon Energy announcements
Oct 2026
28 Oct · Rating
26 Oct · Analysts
21 Oct · Disclosure
21 Oct · Board meeting
Suzlon Energy share price by year
Each calendar year to 2025.Suzlon Energy share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 52.67 | −15.3% | 71.48 | 49.71 |
| 2024 | 62.22 | +62.9% | 84.70 | 36.30 |
| 2023 | 38.20 | +260.4% | 42.30 | 7.05 |
| 2022 | 10.60 | +3.9% | 12.80 | 6.10 |
| 2021 | 10.20 | +59.4% | 10.20 | 4.45 |
| 2020 | 6.40 | +245.9% | 6.40 | 1.75 |
| 2019 | 1.85 | −65.7% | 7.90 | 1.85 |
| 2018 | 5.40 | −65.3% | 16.45 | 5.10 |
| 2017 | 15.55 | +12.7% | 21.25 | 13.30 |
| 2016 | 13.80 | −33.8% | 22.90 | 12.85 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 37.00 | 37.37 | 36.56 | 37.12 | 37.01 | 7,96,37,393 | 38.7% |
| 23 Oct 2026 | 38.57 | 38.62 | 36.88 | 37.40 | 37.28 | 7,52,90,675 | 49.8% |
| 22 Oct 2026 | 39.05 | 39.23 | 38.26 | 38.57 | 38.70 | 5,13,26,209 | 43.8% |
| 21 Oct 2026 | 40.23 | 40.34 | 38.77 | 39.40 | 39.37 | 6,26,32,850 | 39.4% |
| 19 Oct 2026 | 41.58 | 41.58 | 40.25 | 40.38 | 40.87 | 6,52,37,716 | 44.5% |
| 16 Oct 2026 | 40.95 | 42.00 | 40.60 | 42.00 | 41.25 | 6,22,00,077 | 49.2% |
| 15 Oct 2026 | 40.75 | 41.38 | 40.42 | 40.95 | 40.97 | 8,98,44,209 | 43.5% |
| 14 Oct 2026 | 40.19 | 40.80 | 39.80 | 40.80 | 40.38 | 6,74,54,290 | 33.1% |
| 13 Oct 2026 | 39.95 | 40.33 | 39.13 | 40.19 | 39.79 | 8,37,59,022 | 27.9% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 3 Oct 2022 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
| 5 Mar 2019 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 22 Feb 2019 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 5 Feb 2019 | Price 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 2013 | Price 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 2010 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
| 7 Jan 2009 | Price 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 2008 | Price 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 2008 | Split | 0.2000 | Each share became 5. |
Company details
- NSE symbol
- SUZLON
- BSE code
- 532667
- ISIN
- INE040H01021
- Industry
- Electrical Equipment
- Website
- www.suzlon.com
- 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