Buy Suzlon Energy, target price Rs 81: JM Financial


JM Financial maintains buy call on Suzlon Energy with a revised target price of Rs 81 (earlier Rs 71). The current market price of Suzlon is Rs 67.33. The time period given by the analyst is a year when Suzlon Energy price can reach defined target. Suzlon Energy, incorporated in 1995, is a Small Cap company with a market cap of Rs 91329.42 crore, operating in the Power sector.

Suzlon Energy’s key products/revenue segments include Wind Turbine Generator, Property Development, Other Operating Revenue, Scrap, Sale of services for the year ending 31-Mar-2024.

Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3825.19 crore, up 27.41% from last quarter Total Income of Rs 3002.36 crore and up 73.29 % from last year same quarter Total Income of Rs 2207.43 crore. The company has reported net profit after tax of Rs 1180.98 crore in the latest quarter. The company?s top management includes Mr.Vinod R Tanti, Mr.Girish R Tanti, Mr.Sameer Shah, Mrs.Seemantinee Khot, Mr.Pranav Tanti, Mr.Gautam Doshi, Mr.Per Hornung Pedersen. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 1,365 crore shares outstanding.

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Investment Rationale
India’s wind energy momentum, which was once perceived as constrained, is now on an accelerated path driven by the demand for hybrid renewable projects, ensuing control on imports from China, and improved visibility on execution. Considering deliveries of 2500 MW/3100 MW in FY26/FY27, JM Financial arrives at an EPS of Rs 1.58/ Rs 2.32 during FY26/FY27 and, maintains a BUY rating on the stock with a revised target price of Rs 81 based on a 35xFY27 EPS. Promoter/FII Holdings
Promoters held 13.25 per cent stake in the company as of 31-Mar-2025, while FIIs owned 23.04 per cent, DIIs 6.99 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.



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