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Economic Times
10-06-2025
- Business
- Economic Times
Buy Suzlon Energy, target price Rs 81: JM Financial
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 R Tanti, R Tanti, Shah, Khot, Tanti, Doshi, 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. Live Events 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. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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 Energy's key products/revenue segments include Wind Turbine Generator, Property Development, Other Operating Revenue, Scrap, Sale of services for the year ending 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 company?s top management includes R Tanti, R Tanti, Shah, Khot, Tanti, Doshi, 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 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 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.
Time of India
10-06-2025
- Business
- Time of India
Buy Suzlon Energy, target price Rs 81: JM Financial
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 R Tanti, R Tanti, Shah, Khot, Tanti, Doshi, 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. Live Events 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. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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 Energy's key products/revenue segments include Wind Turbine Generator, Property Development, Other Operating Revenue, Scrap, Sale of services for the year ending 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 company?s top management includes R Tanti, R Tanti, Shah, Khot, Tanti, Doshi, 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 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 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.
Economic Times
03-06-2025
- Business
- Economic Times
ICICI Securities retains Buy on Suzlon Energy, raises target price to Rs 76
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 R Tanti, R Tanti, Shah, Khot, Tanti, Doshi, Hornung Pedersen. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 1,365 crore shares outstanding. Live Events Investment Rationale Suzlon Energy ended FY25 on a high with a strong set of result; in Q4FY25, it reported revenue of Rs 38 billion (+73% YoY), EBITDA of Rs 7 billion (+94% YoY) and adjusted profit of Rs 5.8 billion (~2x YoY) - adjusted for deferred tax of INR 6bn. The strong performance was led by execution of 573MW of wind turbines (2.1x YoY). Its EBITDA margin also improved to 18.3% in Q4 (+200bps YoY); margin for FY25 came in at 17.1% (+130bps YoY) and the company guided for similar margin in FY26. Order inflow (OI) in Q4/FY25 was 0.6GW/3.65GW. As a result, order book (OB) swelled to ~5.6GW at end-May?25 (3.6x FY25 volumes). Outlook for the near to medium-term remains strong and Suzlon is poised well to cash-in on the opportunity with its 4.5GW capacity. Given the strong outlook on OI and execution growth in the medium term, ICICI Securities retains BUY with a revised target price of Rs 76 (earlier Rs 68), valuing the business at 40x FY27E earnings. 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. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has maintained Buy call on Suzlon Energy with a revised target price of Rs 76 (earlier Rs 68). The current market price of Suzlon Energy is Rs 72.53. Suzlon Energy, incorporated in 1995, is a Small Cap company with a market cap of Rs 97562.14 crore, operating in the Power Energy's key products/revenue segments include Wind Turbine Generator, Property Development, Other Operating Revenue, Scrap, Sale of services for the year ending 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 company's top management includes R Tanti, R Tanti, Shah, Khot, Tanti, Doshi, Hornung Pedersen. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 1,365 crore shares Energy ended FY25 on a high with a strong set of result; in Q4FY25, it reported revenue of Rs 38 billion (+73% YoY), EBITDA of Rs 7 billion (+94% YoY) and adjusted profit of Rs 5.8 billion (~2x YoY) - adjusted for deferred tax of INR 6bn. The strong performance was led by execution of 573MW of wind turbines (2.1x YoY). Its EBITDA margin also improved to 18.3% in Q4 (+200bps YoY); margin for FY25 came in at 17.1% (+130bps YoY) and the company guided for similar margin in FY26. Order inflow (OI) in Q4/FY25 was 0.6GW/3.65GW. As a result, order book (OB) swelled to ~5.6GW at end-May?25 (3.6x FY25 volumes). Outlook for the near to medium-term remains strong and Suzlon is poised well to cash-in on the opportunity with its 4.5GW capacity. Given the strong outlook on OI and execution growth in the medium term, ICICI Securities retains BUY with a revised target price of Rs 76 (earlier Rs 68), valuing the business at 40x FY27E 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.
