Suzlon Energy Share Price Tanks 9% to 52-Week Low After Weak Q2 Results: Profit Down 69%, Brokerage Target Cuts and What Investors Should Check
- October 30, 2026
- Posted by: Lakshit Sharma
- Category: News
The Suzlon Energy share price fell about 9% to a fresh 52-week low of Rs 33.21 on 30 Oct 2026 after Q2 FY27 net profit dropped 69% to Rs 394 crore on a high prior-year base, while revenue rose 26% and brokerages cut targets to between Rs 40 and Rs 55.
Quick Answer
The Suzlon Energy share price fell about 9% to a 52-week low of Rs 33.21 on 30 October 2026 after Q2 FY27 net profit fell 69% to Rs 394 crore from Rs 1,279 crore, even though revenue rose 26% to about Rs 4,869 crore. EBITDA margin slipped to 14.7% from 18.6%, and brokerages cut targets, with ICICI Securities at Rs 55, Axis Capital at Rs 42, Nuvama at Rs 41 and JM Financial at Rs 40. This article is educational and does not tell you to buy, avoid or sell.
The Suzlon Energy share price move looks harsh against a record delivery quarter, and that gap is the story. This article explains the Q2 FY27 results, why profit fell, what the margin squeeze means, what brokerages changed and how the Suzlon Energy share price compares with its recent range and valuation.
Three flags. The headline article says management lowered its full-year margin guidance, but the two reports I could open do not give any old or new guidance figure, so that claim is unverified here. The Rs 891 crore deferred tax asset mentioned by the CFO is not clearly dated to a year in the report, though the headline article ties the profit fall to a prior-year tax benefit. Revenue also differs slightly by source, at Rs 4,869 crore against Rs 4,875 crore.
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Suzlon Energy Share Price Today: The Fall to a 52-Week Low
| Suzlon Energy share price: item | Detail on 30 Oct 2026 |
|---|---|
| Previous close (29 Oct) | Rs 36.79 on NSE |
| Open | Rs 36.26 |
| Day low so far | Rs 33.23 on NSE; the 52-week low reported was Rs 33.21 |
| Price at about 11:43 am | Rs 33.76, down about 8.2% |
| Previous 52-week low | Rs 36.30, set on 8 October |
| 52-week high | About Rs 61.50 |
| Market capitalisation | About Rs 46,202 crore after the fall |
| Technical picture | Below the 10, 20, 30, 50, 100, 150 and 200-day averages; RSI about 33.6 |
The Suzlon Energy share price has now broken the Rs 36.30 floor that held on 8 October. Volume was heavy at about 21 crore shares on NSE by late morning. An RSI near 33.6 is close to the oversold zone but, as the report notes, it is not oversold by the usual 30 mark.
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Q2 FY27 Results Behind the Suzlon Energy Share Price Fall
| Suzlon Energy share price: Q2 FY27 consolidated metric | Q2 FY27 | Year ago / previous quarter |
|---|---|---|
| Revenue from operations | Rs 4,869.05 crore (another report: Rs 4,875 crore) | Up 25.96% from Rs 3,865.54 crore; up 27.48% from Rs 3,819.36 crore in Q1 |
| EBITDA | About Rs 719 crore | About Rs 721 crore a year ago |
| EBITDA margin | 14.7% | 18.6% a year ago |
| Net profit | Rs 394.15 crore | Down 69.19% from Rs 1,279.44 crore; up 29.14% from Rs 305.22 crore in Q1 |
| Net worth | Crossed Rs 10,000 crore | Milestone reported by the company |
Profit fell sharply because the year-ago quarter was flattered by a tax item. The CFO said the Q2 figures included a deferred tax asset creation of Rs 891 crore and that, excluding it, the underlying improvement is stronger. The report does not clearly state which quarter carried the Rs 891 crore, but the headline article ties the 69% fall to a prior-year tax benefit, which fits a high base.
Even after that adjustment, margins are the concern. EBITDA stayed flat at about Rs 719 crore on revenue that grew 26%, so the EBITDA margin fell from 18.6% to 14.7%. That is why the Suzlon Energy share price fell despite a record delivery quarter. Investors care about how much profit each rupee of revenue earns, and that measure moved the wrong way.
Operational Numbers: Why Execution Was Strong
| Suzlon Energy share price: operating item | Reported figure |
|---|---|
| Order book | Over 6 GW |
| H1 FY27 order intake | More than 1.5 GW |
| Q2 deliveries | A record 710 MW |
| Q2 commissioning | 454 MW |
| H1 FY27 commissioning | 723 MW, including projects for Juniper Green Energy, Aditya Birla Renewables, Zelestra and Brookfield Yanara |
| Order book mix | EPC projects 38% (from 22% in Q1 FY26); PSU and C&I customers 78% |
| EPC target | 50% of the order book by FY28 |
CEO Ajay Kapur said record deliveries of 710 MW and commissioning of 454 MW reflected stronger execution. CFO Rahul Jain said the focus is on margin, cash flow and disciplined capital allocation. The shift toward EPC projects raises revenue per order but can dilute margins, and that link matters for the Suzlon Energy share price in coming quarters.
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Brokerage Target Cuts After the Suzlon Energy Share Price Fall
| Suzlon Energy share price: brokerage | Rating | New target | Old target |
|---|---|---|---|
| ICICI Securities | Buy, retained | Rs 55 | Rs 65 |
| Axis Capital | Not stated | Rs 42 | Rs 63 |
| Nuvama Institutional Equities | Not stated | Rs 41 | Rs 51 |
| JM Financial | Downgraded to Add from Buy | Rs 40 | Rs 46 |
All four brokerages cut their targets, with Axis Capital making the deepest cut, from Rs 63 to Rs 42. ICICI Securities kept its Buy rating on attractive valuations. JM Financial pointed to the limited size of India’s wind energy market, rising competition and the challenge of being a single-product company, and it bases its Rs 40 target price on 12 times estimated September 2028 EBITDA, which it says equals about 20 times earnings.
Targets are opinions, not outcomes. One report says Nuvama’s Rs 41 target implies 11.44% upside, but at Rs 33.21 the gap would be about 23%, so that percentage may reflect a different price. Treat any upside figure as a snapshot, and remember that a target price for the Suzlon Energy share price can change within days.
Valuation and Price Path of the Suzlon Energy Share Price
| Suzlon Energy share price: valuation metric | Suzlon | Reference |
|---|---|---|
| Price to earnings | 15.93 | Industry P/E 41.74 |
| Price-to-book | 5.31 | Book value Rs 6.93 |
| Earnings per share (TTM) | Rs 2.31 | Includes the high prior-year tax benefit |
| Return on equity | 33.43% | Boosted by earlier tax items |
| Debt to equity | 0.06 | Very low |
| Change over about three months | Down about 30% | From about Rs 48 in late July to about Rs 33.75 |
At 15.93 times trailing earnings against an industry figure of 41.74, the Suzlon Energy share price looks inexpensive on paper. The trailing numbers, however, include tax benefits that may not repeat, so the low multiple may overstate how low the valuation really is. A price-to-book of 5.31 on a book value of Rs 6.93 shows that investors still pay a premium for the asset base.
The path matters too. The Suzlon Energy share price fell from about Rs 48 in late July to near Rs 33, a decline of about 30%, with weekly volumes often above 20 crore shares. Earlier Univest coverage in October discussed a rally and brokerage targets near Rs 65 before this fall, which shows how quickly sentiment has changed.
What to Watch Next on the Suzlon Energy Share Price
- Margin guidance. Check the company’s investor presentation for the old and new full-year margin outlook.
- EBITDA margin. A recovery above 14.7% would ease the main worry.
- Order conversion. The 6 GW order book must turn into deliveries at stable margins.
- EPC share. Watch whether the move toward 50% EPC dilutes margins.
- Rs 33 zone. The day’s low near Rs 33.2 is now the reference level for the Suzlon Energy share price; a close below it would extend the 52-week low.
- More brokerage updates. Further cuts or upgrades will shape sentiment.
Risks for the Suzlon Energy Share Price
- Margin pressure. Margins behind the Suzlon Energy share price fell 3.9 percentage points in a year.
- Single-product exposure. JM Financial flags dependence on the wind market and rising competition.
- Base effects. Profit comparisons stay distorted by the prior-year tax benefit.
- Heavy trading and volatility. A move of about 9% in a day in the Suzlon Energy share price can continue or reverse.
- Unverified guidance cut. The reported margin guidance change needs a primary source.
Conclusion: Read the Suzlon Energy Share Price Fall Through the Margin Lens
The Suzlon Energy share price fell to a 52-week low after the Q2 FY27 results because profit dropped 69% on a high base, margins slipped to 14.7% and brokerages cut targets, even as deliveries hit a record. The order book and low debt are strengths, but margins and the market’s confidence need to recover. Check the company filing and invest in line with your own risk profile.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did the Suzlon Energy share price fall today?
Ans. The Suzlon Energy share price fell about 9% to a 52-week low of Rs 33.21 on 30 October 2026 after the Q2 FY27 results showed net profit down 69% to Rs 394 crore and brokerages cut targets. EBITDA margin slipped to 14.7% from 18.6%, though revenue rose 26%.
Why did Suzlon’s Q2 profit fall 69% while revenue rose 26%?
Ans. The year-ago quarter had a large tax benefit that lifted profit to Rs 1,279 crore, so the base was high. The CFO said Q2 included a deferred tax asset creation of Rs 891 crore and that the underlying year-on-year improvement is stronger, though the report does not clearly date that amount.
What are the brokerage targets for the Suzlon Energy share price?
Ans. After Q2, ICICI Securities set Rs 55 with a Buy rating, Axis Capital Rs 42, Nuvama Rs 41 and JM Financial Rs 40 with a downgrade to Add. Old targets were Rs 65, Rs 63, Rs 51 and Rs 46. Each target price is an opinion and can change.
Did Suzlon cut its margin guidance?
Ans. The headline article says management lowered its full-year margin guidance. The reports I could open do not state the old or new guidance, so check the company’s investor presentation to confirm.
How strong was Suzlon’s order book and execution in Q2?
Ans. The order book is above 6 GW, H1 order intake exceeded 1.5 GW, Q2 deliveries were a record 710 MW and commissioning was 454 MW. EPC projects are 38% of the order book, and the company aims for 50% by FY28.
Is the Suzlon Energy share price undervalued after the fall?
Ans. It trades at a price to earnings of 15.93 against an industry figure of 41.74, but the trailing earnings include tax benefits that may not repeat. The price-to-book of 5.31 shows investors still pay a premium. A low multiple alone is not a signal.
Should I buy or avoid the Suzlon Energy share price now?
Ans. This article does not recommend buying or avoiding any stock. A fall to a 52-week low carries risk, so check the filing, the margin trend and your own risk profile, or speak to a SEBI-registered adviser.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.