LiveNSE delayed · 128/128 · 20 Aug 2026, 10:02 am
Scores stay the 15 Aug 2026 desk snapshot. Not advice.
SUZLON · Energy · Mid Cap · Live 20 Aug 2026, 10:02 am · Discovery

Suzlon Energy Ltd

The textbook turnaround: a once-broken balance sheet riding India's wind cycle. Do not confuse a repaired story with a high-quality compounder.

10X Low
High Risk
Attractive Entry
Turnaround
Institutional Accumulation
Multibagger score
53.3/100
Market cap
₹63,774 Cr
Last price · live
₹47.18
+0.41 (+0.88%)
52W
₹38–₹62

Implied P/E 39x · SUZLON.NS · delayed NSE

10X potential (scenario)
LOW
Base multiple
0.7x
Bull multiple
1.7x
Classification
Potential Mid Cap

Base case compounds into a durable mid-cap, not yet large-cap scale.

Final investment scorecard

Multibagger53.3 / 100
10X potentiallow
Business quality3.3 / 10
Growth runway6.0 / 10
Competitive advantage5.4 / 10
Management6.1 / 10
Balance sheet5.0 / 10
Valuation3.2 / 10
Technical setup8.2 / 10
Riskhigh

Why it could become a multibagger

  • If India wind volumes stay elevated and service annuity compounds, earnings can still surprise.
  • The balance sheet is no longer the 2018 object.

What needs to go right

  • Execution on deliveries
  • No new leverage cycle
  • Service mix up

What could destroy the thesis

  • A return to debt-funded growth
  • Technology miss versus global OEMs
  • Policy air-pocket

What would make me sell

  • Net debt rising while volumes slip
  • Another material equity raise
  • Gross margin collapse on a technology miss

Key metrics to monitor

MW delivered
Net debt
OCF
Receivables
Service revenue
Promoter holding
Working capital

Illustrative FY25 / TTM desk snapshot compiled for this terminal. Not a live NSE/BSE feed. Cross-check annual reports, exchange filings and investor presentations before use.