Suzlon Energy Limited Share Price Target

Suzlon Energy Limited Share Price Target.

This article concerns share price targets for the next 10 to 15 years based on technical analysis, fundamental goals, and past performance. The estimated Suzlon Energy Ltd. share price target 2024 to 2030, and 2035 are shown below.

Overview

Suzlon is a manufacturing company that produces wind turbine generators (WTGs). The company appraises the maintenance of WTG assets at more than 10 billion US dollars globally. There are more than 12,000 WTGs installed across six continents to date, with regular upgrades in quality over quantity. 

Suzlon also provides OMS (operation and maintenance services) for its commissioned solar energy projects. That means Suzlon not only manufactures wind turbines but also provides services to maintain them properly for their clients.

The company generates profit from two methods: one is by manufacturing, and the other is providing services to the WTGs, which are manufactured by other companies as well on a commission basis. Low annual maintenance charges and service by a single OMS company are hassle-free and cost-effective for WTG-installed land farmers and their clients.

Suzlon Energy Limited share price target 2024, 2025, 2026, 2027, 2028, 2029, 2030 up to 2040 and 2050

What is the performance of Suzlon Ltd.?

Suzlon announced its fourth quarter results for the financial year 2023–24 on May 24, 2024. Fourth quarter revenue is 2,179 crore and has grown by 17% YoY over the past 5 years. EBITDA 357 grew by 59% YoY (2020-2024), PAT grew by 46% YoY in the past 5 years, and the current quarter PAT is 254.

Suzlon’s future plans and future share price

The company is planning to install 777 GW (gigawatts, equal to 1 billion watts) of wind, solar, hydro, fossil, and other energy by 2030. Further improvisation is scheduled in exports for wind components.

Suzlon Energy Limited share price target: 2024

The Suzlon Energy closing share price as of November 14, 2024, is 56.73. It is not a fixed share price; fluctuation happens every second in the open market. Suzlon received a 642 MW order in January 2024 from Evren Company, ‘ABC Cleantech Private Limited’, and as well, other orders were announced for 3157 MW in January 2024. On May 24, 2024, the organization announced a cumulative order of 3.3 GW. The share price target for 2024 may increase to 50 as the first target and 68 as the second target.

Suzlon share price target: 2025

The organization reduced net finance costs by 94% over YoY and also gradually decreased gross debt over 5 years; the current debt-to-equity ratio is 1.65. The Suzlon share price target may range between 72 in the middle of the year and 80 at the end of the year 2025.

Suzlon share price target: 2026

The company generated 28% of its revenue from OMS (operation and maintenance services) and 65% from WTGs (wind turbine generators) in the fiscal year 2024.

           In the past 5 years (2020–2024), OMS, WTG’s, and foundry & forging divisions, revenue grew by 6%, 63%, and 3%, respectively. The share price target for 2026 may increase to 95 as the first target and 120 as the second target.

Suzlon share price target: 2027

The top 10 clients of the company are Reliance, ACC, Adani Renewables, Bajaj, ONGC, ITC Limited, Vedanta, Tata, Tornado Power, Jindal Aluminium Ltd., etc. Suzlon has a wide range of clients and customer base globally. The share price target for 2027 may increase to 139 as the first target and 150 as the second target.

Suzlon share price target: 2028

Fourth quarter 2024 results show good numbers, as revenue grew 40% compared to Q3 2024 and 28% compared to Q4 2023. Net profit after tax increased by 38% compared to last quarter but updated with less PAT than Q4 2023. EBITDA grew by 44% QoQ. The forecast for 2027 may increase to 155 as the first target and 160 as the second target.

source Suzlon Energy Limited.

Suzlon share price target: 2029

Share price growth is usually decided by the company’s performance—sales, management, workability, and the business cycle. Every business has a cycle where it booms with a high share price. India is now building more sustainable growth, and the government has also supported such transformation in recent years. Again, a change of government may change some circumstances. With the new era, we may assume that the price prediction for the high side may reach 163 as the first target and 169 as the second target in the year 2029.

Suzlon share price target: 2030

The company is planning to increase 50% renewable and 500 GW of non-fossil fuel energy capacity by 2030. Also decreasing 1 bn carbon emissions by the year 2030. As the organization has long-term goals to achieve the share price may increase to 174 as the first target and 185 as the second target.

Suzlon share price target: 2040

Current ROCE is 26% and ROE is 62%, which is quite good. The company’s PE ratio is 86, a bit higher, but compared to peer companies, it is less. FII increased shareholdings. Big investors are giving a bullish sign to Suzlon, and they are also assured PE will adjust in the coming days. The share price target for the year 2040 may increase to 373 as the first target and 380 as the second target.

Also read RVNL share price target

Suzlon share price target: 2050

Mr. Girish Tanti, vice chairman of Suzlon Group, stated they were able to create a good foundation over the last financial year across all business divisions of manufacturing, technology, projects, and OMS, and they also said the company is in a position to lead this sector in the coming years. The order book also increased by more than 3.3 GW. Looking into these positive results, we may see a drastic evolution in this sector, and we may forecast 768 as the first target and 800 as the second target in the financial year 2050.

Pros and cons

Pros

• Company has less debt.
• Profit after margin has increased by 88% year over year in the past 3 years.
• FII increased shareholdings.
• The stock price is in a bullish trend, and it is above the 52-week high and 200-day moving average.  

Cons

• Paying a lower dividend.

FAQ

Conclusion

The Company’s financials are good, they are increasing steadily.  revenue, EBITDA, PAT are growing yoy. Compared to last fiscal year 2023 results this year 2024 showed good results.The share price is also on a bullish trend, and it is above a 52-week-high. Thus, current PE is higher than industrial PE, and PE is believed to be high if it is above 20-25. Usually, a stock correction happens when the price is overvalued but, it is not necessary to be, even small corrections happen frequently.

In this article, share price targets are shown on the basis of past performance, fundamental and technical analysis. It is only for educational purposes, so don’t consider it a buying or selling recommendation. Happy learning.