Kya Safe Hai? · Research Hub

Suzlon Energy — growth vs margin risk

By Sumit Bhardwaj, Angel One Authorised Person · Updated 20 October 2026

Suzlon has lakhs of retail shareholders and the stock is down sharply from its April highs. Here is a numbers-first view.

Video: Suzlon की बड़ी गलती! ₹29 करोड़ का रहस्य — Sumit Bhardwaj — watch on YouTube

Latest numbers (Q1 FY27)

• Revenue from operations: ₹3,819 crore vs ₹3,117 crore a year earlier.
• Net profit: ₹305 crore, down from ₹324 crore.
• EBITDA margin: 15.6%, down from 19.2%; the CFO cited strategic investments, segment mix and logistics disruptions.
• Deliveries: 506 MW (+14% YoY); order book about 6 GW.
• On 12 October 2026 Suzlon announced about ₹550 crore for three AI-enabled blade factories by 2027.
• The stock closed at ₹40.38 on 19 October 2026, roughly 20% below its 17 April close of ₹52.93.

Risks to track

• Margin pressure: revenue growth with lower profit means costs are rising faster than sales.
• Seasonality: a large share of annual earnings typically comes in H2, so one quarter can mislead.
• Regulatory history: SEBI has imposed a penalty on Suzlon and executives for misstating financials (reported by ET). Read the order, not social-media summaries.
• Brokerage targets are opinions: a ₹65 target from one broker is not a promise.

What to watch next

Quarterly EBITDA margin, execution of the order book, working capital days, and any change in promoter holding. Compare with why stocks fall even after profit growth.

FAQ

Why did Suzlon share fall in 2026?

Among the reported reasons are lower EBITDA margins in Q1 FY27 (15.6% vs 19.2%) and a decline in net profit despite higher revenue.

What is Suzlon's order book?

About 6 GW at the end of Q1 FY27, according to company results coverage.

Has SEBI penalised Suzlon?

Yes, media reported a SEBI penalty on Suzlon and executives for misstating financials. Check the SEBI order on sebi.gov.in for exact details.

Is Suzlon a safe stock?

No stock is risk-free. This page explains the data; it is not a recommendation to buy, hold or sell.

Sources

1. EconoTimes: Q1 EBITDA margin narrows
2. India TV: ₹550 crore blade factories
3. Economic Times: Suzlon down 30% in a year
4. ET: Suzlon stock page

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This article is for education only. It is not investment advice or a recommendation to buy, sell or hold any security. Facts are from the cited public sources as of 20 October 2026; allegations mentioned are not findings unless a regulator or court has said so.