Shares of renewable energy company Suzlon Energy were trading in the green on Thursday, reflecting optimism from investors and analysts. Systematix Institutional Equities sees significant growth potential in the company, projecting a potential upside of around 46% from current levels.
At the last check, Suzlon’s stock was priced at Rs 45.84 on BSE, up by 0.64%. The brokerage highlighted that the company has stabilized financially after a challenging past and is now ready to take advantage of India’s growing wind energy sector.
Strong Position in India’s Wind Energy Market
Suzlon currently holds an estimated 35% share in India’s wind turbine installations. With a domestic installed base of nearly 17 GW and operations across the country, the company is well-placed to benefit from new wind energy projects.
Systematix noted that the Indian renewable sector is evolving. The focus is moving from just adding capacity to ensuring reliable, round-the-clock power. Wind energy, when combined with battery storage, reduces the need for additional storage compared to solar-heavy systems, making it more attractive for India’s upcoming hybrid and RTC (round-the-clock) tenders.
Robust Order Book and Revenue Visibility
The company has a strong order book of 6.5 GW, giving visibility on revenue growth in the medium term. Analysts expect Suzlon’s execution to accelerate, with deliveries projected to reach 3,224 MW by FY27.
Systematix also highlighted that the company has improved its balance sheet through deleveraging and capital restructuring, currently maintaining a net cash position of around Rs 700 crore as of the first half of FY26.
Financial Growth Projections
Systematix expects Suzlon to achieve a revenue CAGR of 30% over FY25-FY28E, with EBITDA growing at 39% and PAT at 18%. The brokerage also emphasized that earnings quality, cash conversion, and balance sheet strength have improved, supporting long-term growth potential.
They have assigned a ‘Buy’ rating to Suzlon Energy stock, with a target price of Rs 67, indicating a possible 46% upside from current levels.
Analyst Opinion
Systematix believes that Suzlon is now “aptly placed” to capitalize on India’s ambitious wind energy targets. With a combination of strong execution, robust orders, and improved financial health, the company is expected to play a major role in India’s renewable energy expansion over the next few years.
Conclusion
Suzlon Energy is emerging as a strong player in India’s wind energy sector, backed by stable finances, a large order book, and growth opportunities in RTC and hybrid power projects. With positive analyst sentiment and significant upside potential, the stock is attracting attention from investors looking to benefit from India’s renewable energy transition.
FAQs
What is Suzlon Energy’s current market share in India?
Suzlon holds around 35% of the wind turbine installation market in India, making it a leader in the sector.
What is Suzlon’s order book size?
The company has a 6.5 GW order book, providing good revenue visibility for the medium term.
How does wind energy compare with solar in India?
When combined with battery storage, wind energy requires less storage per unit than solar-heavy systems, making it more suitable for hybrid and round-the-clock energy projects.
What are Suzlon’s financial growth expectations?
Systematix expects a revenue CAGR of 30%, EBITDA growth of 39%, and PAT growth of 18% over FY25-FY28E.
What is the target price set by Systematix for Suzlon?
The brokerage has given a target price of Rs 67, implying a 46% upside from current levels.