| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2026 | ₹38 | ₹85 |
| 2027 | ₹66 | ₹97 |
| 2028 | ₹78 | ₹122 |
| 2029 | ₹103 | ₹154 |
| 2030 | ₹120 | ₹180 |
Future Growth Factors of Suzlon Energy
Suzlon Energy Share Price Target 2026
Suzlon Energy Stock Price Target 2027
Suzlon currently has a record-breaking order book of around 6,400 megawatts (6.4 GW). The company is now entering into cutting-edge and profitable businesses beyond power generation, such as ‘green steel’ and ‘petrochemical decarbonization’. Although many projects are under construction at Suzlon, such as:
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2027 | ₹66 | ₹97 |
Suzlon Energy Share Price Target 2028
Suzlon Energy is focusing on business expansion as the company has decided to open 3 new
‘AI-Enabled Smart Blade Factories‘ to further increase its manufacturing capacity, which will be built in the states of Gujarat and Karnataka. The launch of these 3 new factories will increase the speed of turbine blade manufacturing, due to which the company will be able to deliver projects faster. Faster delivery means faster revenue generation. There will be much less wastage of raw materials in AI (Artificial Intelligence) driven factories. Digital upgrades will reduce the company’s production costs. The more accurately the blades of a wind turbine can be manufactured, the more electricity it can generate. (Source: The Economic Times)
If these three AI-powered factories are launched on a full scale by 2028, according to our analysis, Suzlon Energy’s share price target in 2028 could be in the range of ₹78 to ₹122.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2028 | ₹78 | ₹122 |
Suzlon Energy Share Price Target 2029
The government has made it mandatory for all the power distribution companies or Discoms in the country to purchase a certain percentage of wind power (Wind RPO). But how can this affect Suzlon Energy Business? This means that a certain demand for wind power has been created in the market. Power companies will be forced to buy wind power, and project developers will be forced to buy turbines from market leaders like Suzlon to generate that power. Also, since wind power is usually generated in coastal or remote areas, the government is creating ‘Green Energy Corridors’ to deliver electricity from there to homes, factories and other places through power transmission lines. (Source: Ministry of Power, Government of India)
According to our analysis, if the government supports and invests in the renewable energy sector in this way, then Suzlon Energy’s share price target is estimated to be in the range of ₹103 to ₹154 in 2029.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2029 | ₹103 | ₹154 |
Suzlon Energy Share Price Target 2030
The Indian government has set a huge target of generating 500 GW of non-fossil fuel (green energy) in the country by 2030 and 100 GW of wind power. Due to this mega plan of the government, Suzlon can see massive growth in its business. It has also been informed by Suzlon Energy that by 2030, they will run all their factories on 100% renewable energy. As a result, the company’s revenue and profit may increase along with the ESG (Environmental, Social, and Governance) rating, which will attract big foreign investors.
According to our analysis, it is estimated that Suzlon Energy’s share price target in 2030 could be in the range of ₹120 to ₹180.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2030 | ₹120 | ₹180 |
| Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | |
|---|---|---|---|---|
| Sales | 4,236 | 3,871 | 3,132 | 3,790 |
| Operating Profit | 738 | 721 | 599 | 693 |
| OPM% | 17% | 19% | 19% | 18% |
| Net Profit | 445 | 1,279 | 324 | 1,181 |
| EPS | ₹0.33 | ₹0.94 | ₹0.24 | ₹0.87 |
Financial Performance (YoY Results)
In the table below, we have discussed how Suzlon Energy’s financial performance is growing year on year in terms of revenue, profit, etc., from March 2023 to March 2025.
| TTM | Mar 2025 | Mar 2024 | Mar 2023 | |
|---|---|---|---|---|
| Sales | 15,029 | 10,890 | 6,529 | 5,971 |
| Operating Profit | 2,752 | 1,863 | 1,037 | 833 |
| OPM% | 18% | 17% | 16% | 14% |
| Profit before tax | 2,140 | 1,447 | 659 | 2,892 |
| Net Profit | 3,230 | 2,072 | 660 | 2,887 |
| EPS in Rs | 2.38 | 1.53 | 0.49 | 2.28 |
| Dividend Payout % | N/A | 0% | 0% | 0% |
| Reserves | N/A | 3,374 | 1,199 | -1,355 |
| Borrowings | N/A | 323 | 150 | 1,938 |
| Total Assets | N/A | 12,960 | 7,179 | 5,523 |
Suzlon Energy Peer Comparison
The table below compares Suzlon Energy and some of its competitors, such as Inox Wind, Inox Green Energy Services, KP Energy, and BHEL, in a peer analysis. This will give you a better understanding of how Suzlon is performing compared to its competitors.
| Company | P/E | P/B | ROE | ROCE | Market Cap |
|---|---|---|---|---|---|
| Suzlon Energy | 22.6 | 9.30 | 41.4% | 32.5% | ₹73,127 Cr |
| Inox Wind | 35.1 | 2.64 | 11.7% | 11.5% | ₹17,604 Cr |
| Inox Green Energy Services | 88.8 | 3.30 | 1.02% | 2.60% | ₹7,122 Cr |
| K.P. Energy | 16.5 | 6.42 | 45.4% | 41.7% | ₹2,448 Cr |
| BHEL | 144 | 4.82 | 2.12% | 4.87% | ₹1,17,586 Cr |
Share Holding Pattern
According to the latest data of Suzlon Energy as of March 2026, promoters’ holding is only 11.73%. FIIs have increased their holding slightly in this quarter, while DIIs have reduced their holding slightly. There is no government shareholding till now, and public holding is now 55.23%.
| Shareholder Types | March 2026 | December 2025 | September 2025 | June 2025 | March 2025 | December 2024 |
|---|---|---|---|---|---|---|
| Promoters | 11.73% | 11.73% | 11.73% | 11.75% | 13.25% | 13.25% |
| FIIs | 23.85% | 23.73% | 22.70% | 23.02% | 23.04% | 22.87% |
| DIIs | 9.18% | 9.23% | 10.14% | 10.17% | 8.73% | 9.31% |
| Public | 55.23% | 55.29% | 55.40% | 55.07% | 54.98% | 54.56% |
FAQ
Is Suzlon Energy a good stock to buy?
Suzlon is currently a net debt-free company, with a strong order book of over 6.4 GW, which is a good sign for long-term investors. However, since it is a high-beta stock, it also carries a degree of risk, so it is important to consult your financial advisor before investing.


