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Suzlon Energy Limited (SUZLON) Fair Value & Analysis

Industrials · IN · Market cap ₹720B

SE Suzlon Energy Limited SUZLON · NSE
Price₹48.15
Fair Value₹46.68
Upside-3.1%
Quality58/100
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Expensive Growth
Solidly profitable · 19.0% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 72/100
Evidence: High Range ₹32.60 – ₹67.51 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 24 days ago

Fair value updated Jul 16, 2026, revised from ₹31.00 to ₹46.68 (+50.6%) since Jun 24, 2026. Share price −9.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹32.60 to ₹67.51) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹84.70 ₹4.50 Fair Value ₹46.68 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range ₹4.50 – ₹84.70 · fair‑value band ₹32.60 – ₹67.51 · the ₹48.15 price screens above the ₹46.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Suzlon Energy Limited (SUZLON) currently trades at ₹48.15, while our model-based Fair Value estimate is ₹46.68, implying the stock looks roughly 3.1% fairly valued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Suzlon Energy Limited generated revenue of ₹167B at a net margin of 19.0%. Revenue grew 44.9% year over year. It earns a return on equity of 40.6%. The balance sheet holds a net cash position of ₹752M. Fundamentals as of Jul 16, 2026

Our scenario range runs from ₹32.60 (bear case) to ₹67.51 (bull case); at ₹48.15, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -3%, SUZLON screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹6.38 ₹10.85 ₹18.72 80
Residual Income ₹20.02 ₹33.27 ₹524.55 76
Rev-Margin DCF ₹12.54 ₹22.81 ₹35.63 74
All 24 models by family
DCF Models
FCF DCF ₹6.36 ₹11.02 ₹19.22 38
Owner Earnings ₹28.15 ₹49.82 ₹87.92 31
5Y Revenue Exit ₹12.54 ₹23.21 ₹37.75 39
5Y EBITDA Exit ₹15.89 ₹29.94 ₹47.48 41
5Y P/E Exit ₹25.01 ₹48.23 ₹74.56 38
10Y Revenue Exit ₹9.93 ₹19.51 ₹34.20 36
10Y EBITDA Exit ₹12.71 ₹24.48 ₹42.32 37
10Y P/E Exit ₹18.82 ₹37.99 ₹64.93 35
Earnings-Based
Graham-Dodd ₹15.65 ₹65.85 ₹89.85 54
Lynch FV ₹16.72 ₹23.89 ₹31.06 50
PEG = 1.0 ₹16.72 ₹23.89 ₹31.06 46
EPV ₹18.35 ₹21.52 ₹24.34 59
Multiples
P/E Multiple ₹36.25 ₹48.34 ₹60.42 63
P/S Multiple ₹18.20 ₹24.27 ₹30.34 58
P/B Multiple ₹23.24 ₹30.99 ₹38.73 55
EV/EBIT ₹25.84 ₹34.32 ₹42.81 53
EV/EBITDA ₹22.11 ₹29.35 ₹36.59 54
EV/Revenue ₹15.68 ₹22.23 ₹28.78 43
Asset-Based
NCAV (Graham) ₹3.44 ₹4.61 ₹6.89 50
Growth DCF
Growth DCF ₹6.38 ₹10.85 ₹18.72 80
Rev-Margin DCF ₹12.54 ₹22.81 ₹35.63 74
Economic Profit
Residual Income ₹20.02 ₹33.27 ₹524.55 76
ROIC Compounder ₹20.50 ₹27.04 ₹35.27 72
Growth Earnings
Growth-Adj P/E ₹28.38 ₹40.55 ₹52.71 68

Widest divergence: Growth Earnings (₹40.55) versus Asset-Based (₹4.61). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹167B
Revenue growth (YoY) +44.9%
Net margin 19.0%
Return on equity 40.6%
Free cash flow ₹6.3B FY2026
P/E ratio 22.7
More key figures
Operating margin 16.4%
EPS (TTM) ₹2.31
EPS growth (YoY) -5.6%
Net cash ₹752M FY2026

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 58 · Market factors (momentum, volatility) 40

Profitability 79
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 67
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Suzlon Energy Limited, together with its subsidiaries, manufactures and sells wind turbine generators and related components in India and internationally. It operates through the WTG, Foundry & Forging, O&M services, and Others segments.

Full company description

Suzlon Energy Limited, together with its subsidiaries, manufactures and sells wind turbine generators and related components in India and internationally. It operates through the WTG, Foundry & Forging, O&M services, and Others segments. The company also provides operation and maintenance services for wind turbine generators, as well as project execution, procurement, marketing, and shared service center-related services. In addition, it is involved in the sale/sub-lease of land; manufacture and sale of forging rings and casting articles, as well as power generation and evacuation infrastructure facilities. The company was incorporated in 1995 and is headquartered in Pune, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Suzlon Energy Limited reported revenue of ₹167B in FY2026 versus ₹65.2B in FY2022, a compound +26.5%/yr. Reported net income was ₹31.6B in FY2026.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹167B
Latest YoY
+53.7%
Avg. growth/yr (3Y)
+41.8%
Avg. growth/yr (5Y)
+38.3%
Avg. growth/yr (21Y)
+10.8%
Revenue +26.5%/yr
FY22 ₹65.2B
FY23 ₹58.5B
FY24 ₹65.0B
FY25 ₹109B
FY26 ₹167B
Net income
FY22 −₹2.0B
FY23 ₹28.5B
FY24 ₹6.6B
FY25 ₹20.7B
FY26 ₹31.6B

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Cite: Fair Value Calculator (2026). "Suzlon Energy Limited Fair Value". https://www.fairvalue-calculator.com/stock/SUZLON

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Industrial Machinery · 809 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside −3% · Above median
Return on equity (TTM) 41% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 45% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 22.7× · Cheaper than median
P/B 7.61× · Pricier than 75% of peers
P/S (TTM) 4.32× · Pricier than 75% of peers
P/FCF 1.2× · Cheaper than median
EV/EBITDA 23.4× · Pricier than median
PEG 0.35× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 29 · sector 0
FUTURE 100 · sector 23
PAST 100 · sector 28
HEALTH 99 · sector 96
DIVIDEND 0 · sector 24

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Suzlon Energy Limited (SUZLON) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of ₹46.68 versus a price of ₹48.15, about −3% (fairly valued).
What is the fair value of SUZLON?
Our model-based fair value for Suzlon Energy Limited is ₹46.68 (as of Jul 16, 2026), built from audited fundamentals. The current price is ₹48.15.
What is the quality score of SUZLON?
Suzlon Energy Limited has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Suzlon Energy Limited (SUZLON)?
Suzlon Energy Limited reported trailing-twelve-month revenue of about ₹167B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of SUZLON?
The net profit margin of Suzlon Energy Limited is about 19.0%, meaning it keeps roughly 19.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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