Suzlon Energy Ltd. is one of India’s leading renewable energy companies, specializing in wind energy solutions. As of October 15, 2024, the Suzlon share price is ₹73.25, reflecting a decrease of 1.03% from the previous trading session. The stock opened at ₹74.10 and has seen a trading volume of over 13.38 million shares so far today.
Suzlon Share Price in Today’s Market
In today’s trading session, the Suzlon share price reached a high of ₹74.24 and a low of ₹73.06. The current market capitalization stands at approximately ₹99,951 crore, underscoring its significant presence in the renewable energy sector.
Suzlon Financial Overview
Suzlon has an enterprise value of ₹100,392.59 crore and approximately 1,364.52 crore shares outstanding. The company’s P/E ratio is reported at 466.28, indicating high valuation due to recent losses, while its P/B ratio stands at 26.92. Recent financial reports indicate a sales growth rate of 7.51% but a concerning profit growth rate of -95.68%. With cash reserves of ₹263.13 crore and total debt amounting to ₹636.18 crore, Suzlon faces some financial challenges.
Suzlon Share Pros & Cons
Pros:
- Sales Growth: A sales growth rate of 7.51% indicates a positive demand for its products and services.
- Market Position: As a prominent player in the renewable energy sector, Suzlon benefits from increasing global demand for sustainable energy solutions.
- Potential for Recovery: The company’s focus on expanding its wind energy portfolio could lead to future growth opportunities.
Cons:
- Negative Profit Growth: A profit growth rate of -95.68% raises serious concerns regarding operational efficiency and financial health.
- High Valuation Ratios: A P/E ratio of 466.28 suggests that the stock may be overvalued compared to industry peers.
- Low Promoter Holding: With promoter holding at only 13.27%, this may raise questions about insider confidence in the company’s future prospects.
Indiahood Recommendation on Suzlon Share: Buy or Sell?
Considering the current market conditions and the fundamentals surrounding Suzlon Energy Ltd., it is advisable to sell your position if you currently hold shares or to avoid buying until there are clearer signs of improvement in profitability and financial stability.
Conclusion
In summary, while Suzlon’s sales growth may indicate potential for recovery, the severe decline in profitability and high valuation ratios present substantial risks for investors. Caution is advised before making any investment decisions in this stock.
Disclaimer
This article is for informational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
