Suzlon Energy Receives 'Buy' Call from Axis Securities Amid Record Orders and Growth Plans

Strategic Insights -

Axis Securities has positioned Suzlon Energy on its watchlist with a "Buy" call, citing the company's expanding order book, execution capacity, and the government's renewed focus on renewable energy as key drivers. The brokerage firm has set a target price of Rs 72 for the stock, indicating a 10% upside from its current market price of Rs 65. Suzlon's growth prospects are fueled by its highest-ever order book of 5.5 GW, with 80% backed by PSU and commercial & industrial (C&I) clients, providing reliable revenue streams for the next 2-3 years.

Key Takeaways:

  • Suzlon Energy has received a "Buy" call from Axis Securities, with a target price of Rs 72 and a 10% upside potential from its current market price of Rs 65.
  • The company has the highest-ever order book of 5.5 GW, with 80% of it backed by PSU and C&I clients, ensuring reliable revenue streams for the next 2-3 years.
  • Deliveries in FY25 rose 118% year-on-year to 1,550 MW, backed by a manufacturing capacity of 4.5 GW.
  • Suzlon's revenue grew at a CAGR of 70% from FY20 to FY25, reaching Rs 10,851 crore, and is expected to grow at a CAGR of nearly 40% over the next two years.
  • The company is expected to execute its current pipeline over FY26--FY27, driven by capacity expansion at facilities in Puducherry and Daman and upcoming lines in Ratlam and Jaisalmer.
  • India's renewable energy goals aim to increase wind capacity to 73 GW by FY27 and 122 GW by FY32, benefiting local manufacturers like Suzlon from the recent MNRE mandate on ALMM compliance.
  • Suzlon Energy's share price has been mixed lately, with a 5-day rise of nearly 8%, a 1% dip over the last month, and a 6-month rise of 18% with a year-on-year loss of 2%.

Statistics:

  • Suzlon Energy's current market cap stands at Rs 88,950 crore.
  • The company's 52-week high and low are Rs 86.04 and Rs 46.15, respectively.
  • Axis Securities' target price of Rs 72 represents a 10% upside from the current market price of Rs 65.
  • Suzlon's revenue grew at a CAGR of 70% from FY20 to FY25, reaching Rs 10,851 crore.
  • The company is expected to grow at a CAGR of nearly 40% over the next two years, with FY26 expected to grow 60%.
  • India's renewable energy goals aim to increase wind capacity to 73 GW by FY27 and 122 GW by FY32.

Sources:

  • Axis Securities report, as mentioned in the original text
  • IE Online Media Services Pvt. Ltd. (2025)
  • Contify.com