Designs and manufactures the wind turbine generators (WTGs) that convert wind into electricity.
Suzlon EnergyDirect supplier · HighListed
Inox WindDirect supplier · HighListed
Suzlon Energy (SUZLON)
India's largest wind turbine manufacturer
Price
₹33.90
snapshot 30 Oct 2026
Strengths
India's largest domestic wind turbine OEM, now past its earlier debt-driven financial stress with a deleveraged balance sheet and recovering order book
Risks
History of severe financial stress and balance-sheet restructuring - the turnaround, while real, is still relatively recent
Note: FY23 profit includes a one-off gain on debt restructuring and FY25 a deferred-tax credit, not run-rate
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Designs and manufactures wind turbine generators (WTGs) - the tower, nacelle and blades that convert wind into electricity - and often installs and commissions them too.
Why it matters
India has one of the few scaled domestic wind-turbine manufacturing bases globally, rather than relying entirely on imports as it does for solar cells or batteries.
Where the value pool sits
Turbine OEMs earn equipment-sale margins plus long-dated operations-and-maintenance (O&M) service revenue across a turbine's 20+ year operating life.
Key drivers
Wind-solar hybrid project mandates improving site economics
Repowering of India's older, smaller first-generation turbines
Order-book recovery as domestic OEMs delever
Potential bottlenecks
Wind resource is geographically concentrated, limiting where new capacity can go