Suzlon Energy Limited is India’s leading wind turbine manufacturer and a key player in the global renewable energy transition. Headquartered in Pune, the company designs, manufactures, and services wind energy solutions across India and select international markets. After emerging from a prolonged debt restructuring process in 2021, Suzlon has undergone a dramatic turnaround—driven by India’s aggressive push for 500 GW of renewable energy by 2030 and strong government support for domestic manufacturing under the PLI scheme. As of January 2026, Suzlon is delivering explosive growth—73.9% sales growth and 191% profit growth—with zero debt, industry-leading ROE, and full order-book visibility. This article provides a data-driven outlook on the Suzlon Energy share price target 2026–2030.
Suzlon Energy: Company Overview
- Founded: 1995
- Managing Director: Mr. Vinod Tanti
- NSE Symbol: SUZLON
- Core Business:
- Wind turbine manufacturing (onshore)
- Project development & EPC
- Operation & maintenance (O&M) services
- Market Position: #1 wind turbine supplier in India; among the top 10 globally during peak years
Suzlon benefits from India’s wind energy revival, domestic content requirements, and rising demand for green power from corporates and DISCOMs. It currently holds a multi-GW order book with delivery visibility until 2028.
Suzlon Energy: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹46.25 |
| Market Capitalization | ₹63,422.10 Cr |
| No. of Shares Outstanding | 1,371.29 Cr |
| P/E Ratio (TTM) | 21.08 |
| P/B Ratio | 8.68 |
| EPS (TTM) | ₹2.19 |
| Book Value (TTM) | ₹5.33 |
| ROE | 48.63% |
| ROCE | 38.65% |
| Dividend Yield | 0.00% |
| Face Value | ₹2 |
| Cash | ₹996.80 Cr |
| Debt | ₹0 Cr |
| Promoter Holding | 11.73% |
| Sales Growth (YoY) | 73.90% |
| Profit Growth (YoY) | 191.04% |
Suzlon Energy Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹52 – ₹62 |
| 2027 | ₹60 – ₹74 |
| 2028 | ₹68 – ₹88 |
| 2029 | ₹76 – ₹104 |
| 2030 | ₹84 – ₹120 |
Suzlon Energy Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹52 | ₹62 |
Suzlon reported 191% YoY profit growth and 73.9% sales growth in FY2025, driven by record turbine deliveries and margin expansion. With zero debt, ROE of 48.6%, and full capacity utilization, the company exemplifies capital efficiency. Trading at a P/E of 21x and P/B of 8.7x, the stock is reasonably valued for a high-growth renewable player. A 2026 target range assumes sustained order inflows and no major supply chain disruptions.
Suzlon Energy Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹60 | ₹74 |
If Suzlon sustains 30–40% earnings growth and benefits from hybrid (wind + solar) project wins, EPS could reach ₹2.60–₹2.90 by FY27. Assuming a P/E of 22–24x, the 2027 target range is justified.
Suzlon Energy Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹68 | ₹88 |
By 2028, benefits from export expansion (Africa, LATAM) and green hydrogen-linked wind farms should reflect in margins. A P/E of 24–26x on projected EPS of ₹2.90–₹3.30 supports the ₹68–₹88 band.
Suzlon Energy Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹76 | ₹104 |
Long-term tailwinds include India’s 500 GW renewables target, carbon credit monetization, and corporate PPAs. If competition doesn’t erode pricing, EPS could reach ₹3.30–₹3.80 by FY29. At a P/E of 25–27x, the 2029 target is ₹76–₹104.
Suzlon Energy Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹84 | ₹120 |
Over a five-year horizon, Suzlon remains a high-growth green energy compounder. A terminal P/E of 26–28x on FY30 EPS (~₹3.50–₹4.20) justifies the ₹84–₹120 range.
Suzlon Energy: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Public & Retail | 55.30% |
| Foreign Institutional Investors (FII) | 22.84% |
| Domestic Institutional Investors (DII) | 10.13% |
| Promoters | 11.73% |
High retail ownership reflects strong investor interest in India’s green revolution. Low promoter holding is offset by institutional confidence.
Suzlon Energy: Strengths vs Risks
Strengths:
- Zero debt and ₹997 Cr cash provide unmatched flexibility
- Industry-leading ROE (48.6%) and ROCE (38.6%)
- Monopoly-like position in the Indian wind turbine supply
- Full order book until 2028 with 5+ GW pipeline
Risks:
- Intense competition from Inox Wind and GE
- Dependence on government policy continuity
- No dividend payout (0% yield)
- Contingent liabilities of ₹1,200 Cr require monitoring
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than market average (Beta: 1.5) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Aggressive growth investors betting on India’s renewable energy boom |
Final Verdict
Suzlon Energy has completed one of India’s most remarkable corporate turnarounds. From near-bankruptcy to zero debt and record profits, it now stands at the forefront of the country’s clean energy future.
Our Suzlon share price target 2026–2030 (₹52 to ₹120) reflects steady earnings growth, multiple re-rating, and sustained investor confidence. Upside is substantial if India’s wind revival accelerates; downside is cushioned by balance sheet strength and policy support.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Suzlon Energy Consolidated Page (FY2025 + TTM)
- Finology Ticker – SUZLON Financials & Analysis
- Groww.in – Suzlon Energy Stock Profile
- Ministry of New & Renewable Energy – National Wind Mission 2025
- MNRE – PLI Scheme for Solar Modules & Wind Turbines
