Industry Revenues:

• Wind energy systems: approx. 70%
• Maintenance and services: approx. 20%
• Other renewable energies: approx. 10%

TOP 3 Markets:

• India: 55%
• USA: 20%
• Europe: 15%

Suzlon Energy Limited generates the majority of its revenues from the manufacturing and sale of wind energy systems. A significant portion also comes from maintenance and services offered for the installed systems.

India remains the largest market for Suzlon, attributed to the strong presence and continuous investments in renewable energies in the country. The USA and Europe are also important markets, with Suzlon benefiting from the global demand for sustainable energy sources.

Production sites of Suzlon Energy Limited:

• India: Suzlon has several production facilities in India, including in Pune, Maharashtra, and in Coimbatore, Tamil Nadu. These sites are responsible for the manufacturing of wind turbines and their components.

• International: In the past, Suzlon also had production sites in Germany and the USA, but in recent years, the company has focused its production more on India to optimize costs and benefit from local demand.

Suzlon Energy Limited is one of the leading wind turbine manufacturers in India and has mainly expanded its production capacities in India to meet the increasing demand for renewable energy domestically.

Revenue Growth: Estimated 10-12% annually (2025) Profit Growth: Estimated 8-10% annually (2025)

Suzlon Energy Limited is pursuing a multi-pronged growth strategy focusing on expanding into new markets, enhancing technological efficiency, and diversifying its product portfolio.

A key element of the strategy is tapping into new international markets, particularly in regions with increasing demand for renewable energy. Suzlon plans to strengthen its presence in Asia and Africa to capitalize on investments in green energy in those areas.

Furthermore, the company is investing in research and development to enhance the efficiency of its wind turbines and reduce the cost per unit of energy produced. This is intended to help Suzlon become more competitive and improve its margins.

Another focus is on diversifying into other renewable energies, such as solar power, to spread risk and unlock additional revenue streams. Suzlon is also working on partnerships and joint ventures to bolster its market position and drive technological innovations.

Main Imported Raw Materials:

• Steel
• Fiberglass
• Resins

Countries of Origin:

• China
• Germany
• USA

Suzlon Energy Limited, a leading company in the wind energy industry, mainly imports steel, fiberglass, and resins for the production of wind turbines. These materials are crucial for the manufacturing of rotor blades and turbine components.

China is a significant supplier of steel and fiberglass, while Germany and the USA supply high-quality resins and specialized materials. These imports are necessary to ensure the high quality standards and efficiency of the wind turbines.

Market share in India: approximately 33% (2024)

Installed capacity worldwide: over 19 GW (2024)

Suzlon Energy Limited has a significant competitive advantage, especially in the Indian market, where the company holds a market share of about 33%. This makes Suzlon one of the leading providers in the wind energy sector in India.

The company benefits from its long-standing experience and strong presence in one of the fastest-growing markets for renewable energy. Suzlon has over 19 gigawatts of installed capacity worldwide, highlighting its global reach and expertise.

Another competitive advantage lies in Suzlon's ability to offer cost-effective solutions tailored to the specific needs of the Indian market. This includes both the manufacturing of wind turbines and the provision of comprehensive services in the renewable energy sector.

Institutional Investor Share: 18% (estimated, 2025)

Insider Buys/Sells: No significant transactions reported (2025)

The institutional investor share in Suzlon Energy Limited is estimated to be around 18%. This reflects the interest of institutional investors who typically make long-term investments and rely on the stability of the company.

In 2025, no significant insider buys or sells were reported. This could indicate that the management and other insiders do not currently expect significant changes in the company's value or that they are satisfied with the current corporate strategy.

Market Share Suzlon Energy: 8% (2025, estimated)

Top Competitors and Their Market Shares:

1. Vestas Wind Systems: 16%
2. Siemens Gamesa Renewable Energy: 14%
3. GE Renewable Energy: 12%
4. Goldwind: 10%
5. Suzlon Energy: 8%
6. Nordex SE: 7%
7. Envision Energy: 6%
8. Mingyang Smart Energy: 5%
9. Enercon: 4%
10. Senvion: 3%

Suzlon Energy holds a market share of approximately 8%, placing the company in the top 5 global wind energy companies. The market is dominated by large, established companies like Vestas and Siemens Gamesa, which have larger financial resources and a stronger global presence.

Suzlon Energy's moat is limited compared to the leading competitors. However, Suzlon has some advantages, especially in emerging markets where it has a strong market presence and local expertise. This allows the company to remain competitive in certain markets.

In comparison, companies like Vestas and Siemens Gamesa have significant technological advantages and a more comprehensive global supply chain, giving them a stronger moat. These companies benefit from extensive R&D investments and a broader product range, which help them secure and expand market shares.

Revenue Growth: 18% (2024) EBITDA Margin: 14% (2024) Debt-to-Equity Ratio: 0.9 (2024)

Suzlon Energy Limited recorded a revenue growth of 18% in 2024, attributed to increased demand for renewable energy and successful expansion into new markets. The EBITDA margin of 14% indicates that the company is able to efficiently manage its operating costs and operate profitably.

The debt-to-equity ratio of 0.9 suggests that Suzlon has good control over its debt relative to its equity, reducing financial risk for investors. Given the global trends towards sustainable energy solutions and Suzlon's strategic investments in technology and infrastructure, the company could be well positioned to benefit from future growth opportunities.

However, investors should also consider general market conditions and potential risks such as regulatory changes or fluctuations in commodity prices before making an investment decision.

Dividend payment: No dividend (2025)

Suzlon Energy Limited has not paid any dividends in recent years. The company has focused on consolidating its finances and reducing debt in the past. Due to volatile market conditions and the need to invest in renewable energies, Suzlon has not yet established a regular dividend policy.

The reliability of future dividend payments is therefore currently difficult to assess, as the company primarily invests its resources in growth and restructuring strategies. Investors should continue to monitor the financial development and strategic direction of the company in order to better evaluate potential future payouts.