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Join NowFounded in 1995 by Tulsi Tanti, Suzlon Energy Limited is among the pioneers of India’s wind energy industry. The company designs, manufactures, installs, and services wind turbines for clients in India and abroad.
Once burdened with heavy debt and losses, Suzlon has made a strong comeback through restructuring, operational improvements, and a renewed focus on the domestic market. Its performance aligns well with India’s goal of achieving 500 GW of renewable energy capacity by 2030.
Despite past volatility, the stock has shown resilience, attracting both retail and institutional investors. This article breaks down Suzlon’s current performance, key drivers, challenges, and long-term share price outlook through 2050.
Table of Contents
Company Overview
Suzlon Energy Limited operates in the renewable energy equipment and operation & maintenance (O&M) sectors.
Core Business Segments:
- Wind Turbine Manufacturing: End-to-end solutions from design to installation.
- Project Development: EPC (Engineering, Procurement & Construction) services for renewable projects.
- O&M Services: Long-term maintenance contracts for installed turbines.
Headquarters: Pune, Maharashtra
Market Presence: Over 14,000+ MW installed across India and abroad.
Employees: 5,000+
Suzlon is also exploring hybrid projects combining wind, solar, and storage to align with India’s evolving energy mix.
Current Financial & Operational Metrics (FY25)
| Metric | FY24 | FY25 (Est.) | Trend |
|---|---|---|---|
| Revenue | ₹5,990 crore | ₹6,500 crore | Growing steadily |
| Net Profit | ₹660 crore | ₹700+ crore | Consistent profits post-revival |
| Debt | ₹1,700 crore | <₹1,000 crore | Reduced significantly |
| ROE | ~20% | Expected to improve | Strong financial turnaround |
| Market Cap | ~₹85,000 crore | Increasing | Investor optimism high |
Suzlon’s financial turnaround reflects its improved execution, strong demand pipeline, and cost discipline.
Key Growth Drivers
- India’s Renewable Push: Government targets 500 GW renewable capacity by 2030.
- Debt-Free Vision: Focused on becoming net-debt-free to strengthen the balance sheet.
- Strong Order Book: Over 3 GW of confirmed orders from leading energy players.
- O&M Revenue Stability: Recurring income from long-term service contracts.
- Global Wind Demand: Growing exports and repowering opportunities in mature markets.
Major Risks & Challenges
- Dependence on Government Policy: The Renewable sector benefits from policy support; any change may affect growth.
- Raw Material Price Volatility: Steel, copper, and logistics costs impact margins.
- Technological Competition: Must keep up with global turbine technology advancements.
- Execution Risk: Large projects can face delays due to land or regulatory issues.
- Market Valuation: The stock’s sharp rally increases volatility risk.
Suzlon Energy Share Price Target Forecast
| Year | Bear Case | Base Case | Bull Case | Key Assumptions |
|---|---|---|---|---|
| 2026 | ₹50 | ₹80 | ₹120 | Strong order inflows, better profit margins |
| 2027 | ₹65 | ₹110 | ₹160 | Growth in renewable capacity additions |
| 2028 | ₹80 | ₹140 | ₹200 | Debt-free balance sheet, new projects |
| 2030 | ₹120 | ₹200 | ₹300 | Leading role in India’s renewable transition |
| 2040 | ₹250 | ₹450 | ₹700 | Global expansion, hybrid wind-solar projects |
| 2050 | ₹400 | ₹800 | ₹1,200 | Mature global brand, steady long-term growth |
Note: The above values are illustrative projections based on possible market and operational scenarios.
Year-Wise Analysis
Suzlon Energy Share Price Target 2026
By 2026, Suzlon’s base case outlook remains positive as India’s renewable push strengthens. Higher orders and cost efficiency could lift the share price near ₹80.
Suzlon Energy Share Price Target 2027
With expanding production capacity and new projects, Suzlon may deliver stronger earnings. If the trend holds, the stock could reach ₹110 in the base case or ₹160 in a bull market.
Suzlon Energy Share Price Target 2028
A debt-free Suzlon by 2028 would mark a major milestone. Improved profitability and exports could raise the base case to ₹140, with bulls eyeing ₹200+.
Suzlon Energy Share Price Target 2030
By 2030, Suzlon could become a key player in India’s clean energy transition. Stable earnings and new hybrid projects might push the share price to ₹200–₹300 range.
Suzlon Energy Share Price Target 2040
In the 2040s, Suzlon may diversify into integrated renewable parks and global partnerships. The base case could reach ₹450, reflecting its matured operations.
Suzlon Energy Share Price Target 2050
By 2050, Suzlon might evolve into a global renewable powerhouse with steady returns. Under optimistic conditions, long-term valuations could hit ₹800–₹1,200.
FAQs
1. What does Suzlon Energy Ltd do?
Suzlon designs, manufactures, installs, and maintains wind turbines and renewable energy projects in India and abroad.
2. Is Suzlon Energy debt-free now?
As of FY25, Suzlon has reduced most of its debt and aims to be fully debt-free soon.
3. Why is Suzlon stock performing well?
The stock’s recovery is driven by strong earnings, government support for renewables, and improved financials.
4. What are the main risks for Suzlon investors?
Policy changes, raw material costs, and market competition can affect profitability.
5. Are the share price targets guaranteed?
No. These are scenario-based estimates, not investment advice. Actual performance depends on market and company execution.
Conclusion
Suzlon Energy Limited is a classic example of a turnaround story. After years of challenges, the company is now positioned to benefit from India’s clean energy growth and global sustainability push. Its improving financial health, consistent profits, and reduced debt make it a strong contender in the renewable sector.
That said, investors should track policy developments, margins, and global competition closely. The long-term potential looks bright, but patience is key with cyclical and capital-intensive businesses like renewables.
Disclaimer: The share price targets mentioned are for educational and informational purposes only. They are not guaranteed and should not be taken as investment advice.


