Suzlon Energy Ltd

Suzlon Energy maintains a conservative capital structure with a debt-to-equity ratio of 0.06, indicating minimal leverage relative to shareholder equity. The balance sheet shows total assets of 188.69 billion INR against total liabilities of 94.05 billion INR, resulting in total equity of 94.64 billion INR. Long-term debt stands at 5.56 billion INR, which is low relative to the equity base. The current ratio of 1.65 suggests adequate short-term liquidity to cover immediate obligations. However, the risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt, implying that while leverage is low, cash reserves may be tight relative to total debt obligations.

Profitability metrics are strong, with a return on equity (ROE) of 33.43% and a return on assets (ROA) of 16.77%. The company reported net income of 31.63 billion INR on revenue of 166.79 billion INR, yielding a net margin of approximately 18.96%. Operating income was 28.14 billion INR, and gross profit was 47.87 billion INR, indicating healthy operating leverage. Free cash flow was robust at 29.05 billion INR, supported by operating cash flow of 12.02 billion INR and capital expenditures of -5.77 billion INR. These returns suggest efficient capital deployment, though cohort median comparisons are unavailable to benchmark against industry peers.

Segment and geographic revenue breakdowns are not provided in the available data, preventing an analysis of revenue concentration or regional exposure. The company’s activity is broadly classified under Electrical Equipment, but specific product lines or customer concentrations are not detailed in the input. Without segment data, the narrative relies on aggregate financial performance to infer business health.

Growth trajectory analysis is limited due to the absence of historical period data. The current financial snapshot reflects a single normalized period, showing strong profitability and cash generation. Without 5-year annual or 8-quarter quarterly data, it is not possible to assess revenue trends, earnings consistency, or cyclical patterns. The current net income of 31.63 billion INR represents a significant profit base, but its sustainability over time cannot be verified from the provided data.

Risk factors include medium liquidity risk and low dilution risk. The key flag indicates that net cash is negative after subtracting total debt, which may constrain financial flexibility despite the low debt-to-equity ratio. Dilution risk is assessed as low, with no recent issuance or ATM/shelf disclosure mentioned in the risk assessment. The absence of high dilution risk suggests that the share count of 13.74 billion shares is stable, with basic and diluted shares being identical.

Recent events are reflected in analyst estimates, with a mean price target of 65.85 INR and a median of 65.00 INR. The mean recommendation is 1.58, indicating a strong buy consensus, with 7 strong buy ratings, 3 buy ratings, and 2 hold ratings. The high price target is 75.21 INR, and the low is 52.00 INR, suggesting a wide range of analyst expectations. No specific filing, news, or transcript observations are provided, so the narrative relies on these analyst estimates as the primary recent event data.

Revenue surged 53.7% year-over-year to INR 166.8 billion in FY2026, demonstrating robust top-line growth momentum.

Long-term debt decreased substantially from INR 64.7 billion in FY2022 to INR 5.6 billion in FY2026.

Eleven analysts maintain a strong buy recommendation with a mean price target of INR 64.64.

Cash conversion ratio of 0.38 is below the cohort median of 1.19, suggesting weaker cash generation relative to peers.

The company faces medium liquidity risk, which could constrain short-term financial flexibility despite strong profitability.

Capex to revenue ratio of -3.5% is below the cohort median, potentially indicating underinvestment in future growth.

Revenue INR 54.68B, +44,9% YoY; Operating income +69,9% YoY.

• ▍Revenue INR 54.68B, +44,9% YoY
• ▍Operating income +69,9% YoY
• ▍Net income −5,7% YoY
• ▍Net margin 20.4%

Revenue INR 42.28B, +42,4% YoY; Operating income +50,8% YoY.

• ▍Revenue INR 42.28B, +42,4% YoY
• ▍Operating income +50,8% YoY
• ▍Net income +15,1% YoY
• ▍Net margin 10.5%

Revenue INR 38.66B, +84,7% YoY; Operating income +174,0% YoY.

• ▍Revenue INR 38.66B, +84,7% YoY
• ▍Operating income +174,0% YoY
• ▍Net income +539,1% YoY
• ▍Net margin 33.1%

Revenue INR 31.17B, +54,6% YoY; Operating income +65,7% YoY.

• ▍Revenue INR 31.17B, +54,6% YoY
• ▍Operating income +65,7% YoY
• ▍Net income +7,3% YoY
• ▍Net margin 10.4%

Revenue INR 37.74B; Operating income INR 5.70B.

• ▍Revenue INR 37.74B
• ▍Operating income INR 5.70B
• ▍Net margin 31.3%

Revenue INR 29.69B; Operating income INR 4.38B.

• ▍Revenue INR 29.69B
• ▍Operating income INR 4.38B
• ▍Net margin 13.0%

Revenue INR 20.93B; Operating income INR 2.38B.

• ▍Revenue INR 20.93B
• ▍Operating income INR 2.38B
• ▍Net margin 9.6%

Revenue INR 20.16B; Operating income INR 3.22B.

• ▍Revenue INR 20.16B
• ▍Operating income INR 3.22B
• ▍Net margin 15.0%

Revenue INR 166.79B, +53,7% YoY; Operating income +78,8% YoY.

• ▍Revenue INR 166.79B, +53,7% YoY
• ▍Operating income +78,8% YoY
• ▍Net income +52,7% YoY
• ▍Free cash flow +48,3% YoY
• ▍Net margin 19.0%

Revenue INR 108.51B, +67,0% YoY; Operating income +96,0% YoY.

• ▍Revenue INR 108.51B, +67,0% YoY
• ▍Operating income +96,0% YoY
• ▍Net income +213,7% YoY
• ▍Free cash flow +215,4% YoY
• ▍Net margin 19.1%

Revenue INR 64.97B, +9,2% YoY; Operating income −75,3% YoY.

• ▍Revenue INR 64.97B, +9,2% YoY
• ▍Operating income −75,3% YoY
• ▍Net income −76,8% YoY
• ▍Free cash flow −79,6% YoY
• ▍Net margin 10.2%

Revenue INR 59.47B, −8,8% YoY; Operating income +390,2% YoY.

• ▍Revenue INR 59.47B, −8,8% YoY
• ▍Operating income +390,2% YoY
• ▍Net income +1 527,4% YoY
• ▍Free cash flow +19 799,6% YoY
• ▍Net margin 47.9%