Investec has initiated a Buy rating on Suzlon with a target price of ₹70, implying a 29% upside in the stock price from current levels, highlighting the company’s strategic positioning in India’s resurging wind energy sector. As India’s premier wind equipment supplier and O&M service provider, Suzlon is well-poised to capitalize on the growing demand for renewable energy.
The brokerage noted that Suzlon has transformed into a net-cash entity with strong Return on Equity (RoE) and Return on Capital Employed (RoCE), driven by its expanding order book of 5.5 GW, robust pipeline of bids, and an optimized supply chain.
Investec forecasts Suzlon’s revenue and PAT to grow at a CAGR of 55% and 66% over FY24-FY27, with RoE expanding to 32% in FY27. The brokerage remains optimistic about Suzlon’s growth potential, backed by its leadership position, strategic initiatives, and strong financial outlook.
