Suzlon Energy Ltd. witnessed a decline in its share price on October 7, dropping by over 3% to ₹72.43. The stock has experienced a consistent downtrend in recent sessions, impacted by market volatility and sectoral developments.
Suzlon Energy Overview
Suzlon is a well-known name in the renewable energy space. Headquartered in Pune, the company operates in 17 countries across Asia, Australia, Europe, Africa, and the Americas. Suzlon focuses on providing wind energy solutions and is gradually expanding into solar power. Established by mechanical engineer Tulsi Tanti in 1995, the company has since built a significant reputation as a comprehensive wind energy solutions provider.
Financial and Stock Highlights
- Current Price: ₹72.43, down by 3% from the previous close.
- Market Cap: Approximately ₹991.34 billion.
- 52-Week Range: The stock has seen a wide trading range in the past year, with a low of ₹26.30 and a high of ₹86.04.
- PE Ratio: The current price-to-earnings (P/E) ratio stands at 117.14, and the P/B (Price-to-Book) ratio is at 24.21.
- Debt/Equity Ratio: 0.18, indicating the company’s debt levels in relation to its equity.
Recent Price Movements
Over the past week, the stock has witnessed steady declines:
- October 4, 2024: The stock closed at ₹74.67, down by 1.43%.
- October 3, 2024: Shares fell by 5% to ₹75.75.
- October 1, 2024: Slight drop to ₹79.74.
Business Operations and Global Presence
Suzlon’s business revolves around providing wind and solar energy solutions. With a global installed capacity of over 19 GW, the company has significantly contributed to reducing carbon emissions globally.
Key Business Areas:
- Wind Turbines: Suzlon manufactures and develops wind turbines with capacities ranging from 2 MW to 6.4 MW. Their new 3 MW turbine has been widely received.
- Solar Energy: Since entering the solar sector in 2016, Suzlon has completed projects totaling 340 MW across India.
- Operation and Maintenance (O&M): The company provides comprehensive services to ensure optimal performance for wind energy projects, enhancing the return on investment.
Presence in India
Suzlon holds a significant presence in India, operating 111 wind farms with an installed capacity of over 14,330 MW. The company has established some of the largest operational onshore wind farms across nine states, including Gujarat, Maharashtra, Rajasthan, and Tamil Nadu.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
