Suzlon Energy’s share price was around ₹ 8 in mid-2023, but by February 2024, Suzlon Energy’s share price had gone up to Rs 44. This impressive growth attracted many investors to Suzlon Energy. Many investors are eager to find out what Suzlon Energy’s future share price target will be. Whether you’re considering investing in Suzlon Energy or already have, it’s essential to understand what the company’s stock price target might be in the future.
Today, we’ll reveal Suzlon Energy share price target. In 2008, Suzlon Energy’s share price was around Rs 350, but it took a sharp decline afterwards. By 2010, the stock price was only around Rs 70, and it didn’t see any significant increase after that. From 2013 to 2023, the stock price fluctuated between Rs 6 to 8. During that period, investors weren’t interested in Suzlon Energy, leading to the company accumulating a large amount of debt.
However, things changed drastically after May 2023 when the stock price skyrocketed. Suzlon Energy’s share price soared after receiving a huge order, leading to a significant increase. Over the past 10 years, their sales growth was -11%, but in the last three years, it was 25%.
About Suzlon Energy
Suzlon Energy Limited stands out as the leading wind energy company in India. They specialize in producing, installing, and servicing wind turbines. Established in 1995, Suzlon Energy is headquartered in Ahmedabad, Gujarat. They are fully involved in the production of wind turbines.
In addition to making the turbines, they also handle the installation and maintenance of all the turbines they sell. From designing to installing and maintaining them, they handle it all. They create and assemble all the key parts like blades, towers, generators, and more. It also provides O&M services in India and other countries around the world.
Suzlon leads the way in encouraging the use of renewable energy sources to support the environment. Suzlon Energy holds 33% market share in India. Suzlon recently launched a 3 MW versatile platform to support wind turbines ranging from 2.6 MW to 3 MW, all part of the ‘Make in India’ initiative with more than 90% local components.
Suzlon has rapidly expanded globally and has become renowned for its technological and product innovations. Suzlon is a pioneer in wind energy and is currently in 17 countries. They have set up 12,960 wind turbines across six continents and 14 manufacturing units in India.
| Particulars | Details |
|---|---|
| Company Name | Suzlon Energy Ltd |
| Sectoral Index | Nifty 500 |
| NSE Code | SUZLON |
| BSE Code | 532667 |
| CEO | Mr. J.P. Chalasani |
| Founder | Mr. Tulsi Tanti |
| Website | www.suzlon.com |
| Date of Listing | 19-Oct-2005 |
| Face Value | ₹ 2 |
| Total Market Cap(₹ Cr.) | 74,255 |
| Book Value | ₹ 2.91 |
Suzlon Energy Share Price Target From 2024 to 2035
| Year | Target 1 (in Rs.) | Target 2 (in Rs.) |
|---|---|---|
| 2024 | 54.10 | 57.72 |
| 2025 | 60.21 | 64.20 |
| 2026 | 66.25 | 72.34 |
| 2027 | 74 | 80.20 |
| 2028 | 83.23 | 96.36 |
| 2029 | 98.03 | 104 |
| 2030 | 105.04 | 142.53 |
| 2031 | 145.29 | 160.50 |
| 2032 | 162 | 179 |
| 2033 | 180.2 | 196.28 |
| 2034 | 199.34 | 215.50 |
| 2035 | 220.10 | 240 |
Suzlon Energy Share Price Target 2024
Suzlon Energy’s net profit in 2020 was -2,684 crores. However, in 2021, they turned things around and showed a profit of 105 crores. This led to a surge in buying of Suzlon Energy shares as investors thought the company was on the upswing.
Unfortunately, the 2022 results revealed a loss of 177 crores, disappointing many. When the 2022 results came out, the shares of Suzlon Energy went down. However, in 2023, the share price of Suzlon Energy skyrocketed because they made a net profit of Rs 2,887 crore.
No one expected Suzlon Energy to make so much profit. As a result, many investors bought Suzlon Energy shares. The growth story of Suzlon Energy is truly one-of-a-kind. In 2024, the first target for Suzlon Energy’s share price will be Rs 54.10 and the second target will be Rs 57.72.
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Suzlon Energy Share Price Target 2025
India has the largest population in the world, which means that a lot of energy is used in the country. This energy is produced using resources like coal, petroleum, natural gas, and nuclear energy. However, these resources are limited. If we continue to depend on them, future generations might face energy shortages. That’s why the Indian government is investing in renewable energy sources like solar, wind, hydropower, and biomass.
Suzlon Energy specializes in wind power, indicating a bright future. Before investing in any company, it’s essential to understand its business model. Let’s take the example of the automobile sector, where there is currently a high demand for electric vehicles, unlike in the past when only diesel and petrol vehicles were popular.
The government decided to focus more on electric cars, which is why there’s such a high demand for them today. Now if you want to invest in an automobile company, then first of all you will see whether that company produces electric vehicles or not. Likewise, in the energy sector, companies involved in renewable energy sources have a bright future.
The future of Suzlon Energy is positive because the government plans to give them more orders by 2025. The first target for Suzlon Energy’s share price in 2025 is expected to be Rs 60.21, and Rs 64.20 is the second target.
Suzlon Energy Share Price Target 2026
Suzlon Energy’s Compound Annual Growth Rate (CAGR) over the past five years has been 19.7%. In 2023, the company’s earnings per share was Rs 2.28. Back in 2013, the earnings per share was -21.47 rupees. Suzlon Energy’s fundamentals have shown significant improvement over the past 7-8 years, leading to an increase in their net profit each year.
The company has also managed to control its expenses, which were previously quite high. Looking ahead to 2026, Suzlon Energy’s share price is expected to reach Rs 66.25 as the first target, and Rs 72.34 as the second target.
Suzlon Energy Share Price Target 2027
Suzlon Energy is aiming to become debt-free in the next few years. In 2023, they only paid Rs 421 crore in interest on their loan. Their total liabilities in 2023 were Rs 5,523 crore, which is a big drop from Rs 29,206 crore in 2013.
This reduction in liabilities means they have to pay much less in interest. Suzlon Energy’s new goal is to invest more in their business so that their investors can benefit. The first target for Suzlon Energy’s share price in 2027 is expected to be Rs 74, and Rs 80.20 is the second target.
Suzlon Energy Share Price Target from 2030 to 2035
Suzlon Energy is a top company that provides wind energy solutions in India. They hold 33% market share in the Indian wind energy sector. Suzlon Energy struggled with a heavy debt load during the 2008 market recession. This debt made it difficult for Suzlon Energy to repay. However, about 4-5 years ago, Suzlon Energy changed management. This change led to an improvement in Suzlon Energy’s performance. In 2014, Suzlon Energy’s sales reached 20,403 crores.
But by 2018, their sales dropped to around 8,000 crores. Then, the COVID-19 pandemic hit, causing their sales to further decline to around 2800 crores. Suzlon Energy wasn’t alone in seeing a decline in sales. The entire global market took a hit, resulting in a 70- 80% decrease in sales for all companies. Suzlon Energy surprised many analysts and investors in 2023 by making a profit of 2,887, despite doubts about their recovery.
The shareholding of foreign institutional investors in Suzlon Energy increased from 5.52% in 2022 to 7.64% in 2023. Foreign investors are showing interest in buying shares of Suzlon Energy. The first target for Suzlon Energy’s share price in 2030 is expected to be Rs 105.04, and Rs 142.53 is the second target. Analysts believe that Suzlon Energy’s share price has the potential to reach Rs 220.10 to Rs 240 per share by 2035.
Shareholding Pattern of Suzlon Energy
| Share-holding Pattern | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Promoters | 19.82% | 19.82% | 19.79% | 17.17% | 15.85% | 14.50% |
| FIIs | 10.06% | 6.25% | 3.63% | 4.22% | 5.52% | 7.64% |
| DIIs | 10.16% | 7.19% | 5.06% | 16.54% | 13.57% | 5.55% |
| Public | 59.95% | 66.74% | 71.52% | 62.07% | 65.06% | 72.30% |
Competitors of Suzlon Energy
- Hitachi Energy
- ABB India Ltd.
- Thermax
- Siemens
- BHEL
- CG Power and Industrial Solutions Ltd.
Final Thoughts
The target price is only for educational purposes. It’s not financial advice. Make sure to consult your financial advisor before investing in any stock. Remember, this target price is just an analysis, not a guarantee.
Suzlon Energy is a leading company in wind solutions in India. Some pros of Suzlon Energy include reducing debt and a CAGR of over 19% in the last 5 years. The cons of Suzlon Energy include low promoter holding and the share price is trading above its book value.
Is it possible for Suzlon Energy to become a multi-bagger?
The future looks bright for Suzlon Energy as its management is dedicated to improving its performance. Despite facing a substantial debt a few years ago, the company has successfully reduced it by 70 to 80%.
When will the share price of Suzlon Energy reach ₹80?
Suzlon Energy’s new goal is to invest more in their business so that their investors can benefit. The first target for Suzlon Energy’s share price in 2027 is expected to be Rs 74, and Rs 80.20 is the second target.
What is the target share price of Suzlon Energy in 2026?
Looking ahead to 2026, Suzlon Energy’s share price is expected to reach Rs 66.25 as the first target, and Rs 72.34 as the second target.
