Where Could Suzlon Energy Share Price Be in the Next 5 Years? Scenarios to 2031 From Earnings Growth and Valuation, the 6.1 GW Order Book, Why the Stock Is at a 52-Week Low, Brokerage Targets and the Risks

Suzlon Rs 38.34 (7 Oct), 52-wk low Rs 38.19, high Rs 61.50. Order book 6.1 GW. Q1 rev +23%, PAT -6% to Rs 305 cr. Targets Rs 62-65. Scenarios to 2031 are illustrative.

Updated: 8 Oct 2026 • 10:13 am

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Where Could Suzlon Energy Share Price Be in the Next 5 Years? Scenarios to 2031 From Earnings Growth and Valuation, the 6.1 GW Order Book, Why the Stock Is at a 52-Week Low, Brokerage Targets and the Risks

Quick Answer

Suzlon Energy share price was Rs 38.34 on 7 October, at its 52-week low of Rs 38.19 after a fifth straight fall, and my illustrative scenarios for five years ahead range from about Rs 56 if earnings grow 10% a year and the P/E is 12 times, through about Rs 106 for 15% growth and 18 times, to about Rs 160 for 20% growth and 22 times. These are not forecasts, because they assume trailing earnings per share of about Rs 2.9, and the real outcome depends on wind installations, margins and valuation. The stock has fallen about 29% in a year even though Q1 FY27 revenue rose 23% to Rs 3,819 crore, with a record 506 MW of deliveries and an order book of about 6.1 GW, because Q1 profit fell 6% to Rs 305 crore as margins narrowed. Brokerages remain positive, with ICICI Securities at Rs 65, Deven Choksey at Rs 64 and a consensus near Rs 62, which is about 62% above the current price, so the next few quarters of margin delivery will decide which scenario is closer.

Suzlon Energy share price has been a favourite long-term story in wind power, and the current dip has revived the five-year question. The company has net cash of about Rs 2,322 crore and a return on capital employed near 27%, which is unusual for a stock near its low.

If you are thinking long term, this article covers where the stock stands at Rs 38.34 against its Rs 61.50 high, why it has fallen after Rs 305 crore Q1 profit on Rs 3,819 crore revenue, the Suzlon Energy order book of 6.1 GW and 506 MW deliveries, five-year scenarios with their P/E and ROCE assumptions, the Suzlon share price target of Rs 65 and net cash, wind energy stocks risks and what to monitor each quarter.

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Table of Contents

Suzlon Energy Share Price Today: Where It Stands

Measure	Level	Note
Price on 7 October	About Rs 38.34, down about 2.1%	A fifth straight decline
52-week range	Rs 38.19 to Rs 61.50	The stock is at the low
Return in one year	Down about 29%	Despite higher revenue
Market capitalisation	About Rs 53,400 crore	About 1,393 crore shares, my calculation
Trailing P/E	About 13 times	Other providers show up to 17 times
Return on capital employed	About 27%	High for a capital goods company
Net cash	About Rs 2,322 crore at June 2026	Up from Rs 1,620 crore a year earlier

A P/E near 13 and a return on capital employed near 27% are not expensive on paper for the Suzlon Energy share price, so the market is pricing in margin and execution risk.

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Why the Suzlon Energy Share Price Has Fallen

Profit lagged revenue: Q1 FY27 profit fell 6% to Rs 305 crore while revenue rose 23%.
Operating margins narrowed during the quarter, which worried investors.
Momentum turned negative after the Q1 results, with the stock breaking support and hitting a six-month low.
Broader market weakness, foreign selling and a rate hike hurt mid-cap and capital goods stocks.
The stock rallied hard earlier, so some profit booking has followed.

The business numbers are growing, which is why brokerages see the fall in the Suzlon Energy share price as a chance and the chart sees it as a downtrend.

The Suzlon Energy Order Book and Growth Drivers Behind the Suzlon Energy Share Price

Driver	Detail
Order book	About 6.1 GW at June 2026, up from about 5.9 GW at the end of FY26
New orders	About 1 GW in the first four months of FY27
Deliveries	A first-quarter record of 506 MW in India, up 14% year on year
Revenue	Q1 FY27 revenue of about Rs 3,819 crore, up 23%
Balance sheet	Net cash and a falling debt burden compared with the past
Industry	India's wind capacity additions are expected to stay high as the country adds renewable power

A 6.1 GW order book gives about three years of visibility at the Q1 annualised delivery pace of about 2 GW, my rough calculation, which supports revenue but not necessarily margin.

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Five-Year Scenarios for the Suzlon Energy Share Price

Scenario	Earnings growth a year	P/E in 2031	EPS in 2031	Illustrative price
Bear	10%	12 times	About Rs 4.7	About Rs 56
Base	15%	18 times	About Rs 5.9	About Rs 106
Bull	20%	22 times	About Rs 7.3	About Rs 160

These Suzlon Energy share price scenarios start from trailing EPS of about Rs 2.9, which I derived from the P/E of about 13 and the price, and compound it for five years. They ignore dividends, share issuance and changes in the number of shares, so treat them as a way to test assumptions and not as predictions.

Check	Reading	Comment
Bear case versus today	About 46% above Rs 38.34	Even the bear case assumes growth and a P/E of 12
Base case annualised return	About 23% a year	Before dividends, my calculation
Bull case annualised return	About 33% a year	Needs sustained execution and re-rating
Zero-growth case	EPS stays near Rs 2.9	At 12 times the price would be about Rs 35

The zero-growth case shows the downside for the Suzlon Energy share price: if profit stagnates, the stock may not rise at all.

Suzlon Share Price Target: Brokerage Targets for the Suzlon Energy Share Price

Source	View	Target
ICICI Securities	Buy after Q1 results	Rs 65
Deven Choksey	Bullish	Rs 64
Trendlyne consensus	Average of analysts as of 26 September	About Rs 62
Systematix	Buy ahead of Q1 results in July	Rs 71
Earlier targets	MOFSL Buy at Rs 69 and Kotak Add at Rs 66 in April	Stale after the fall

Most analysts rate the stock a Buy, and targets for the Suzlon Energy share price sit about 60% above the price, but targets have been cut more than once as the stock fell.

Risks Behind Any Suzlon Energy Share Price Forecast

Margin pressure: Narrowing margins turned revenue growth into lower profit in Q1, which weighs on the Suzlon Energy share price.

Execution: Delivering 6.1 GW on time and on budget is the core task.

Competition: Other turbine makers compete for the same orders and prices.

Policy and tariffs: Renewable policy, auctions and grid constraints can slow installations.

Valuation swings: A Suzlon Energy share price that has moved between Rs 38 and Rs 61 in a year shows how quickly the multiple can change.

What to Monitor Each Quarter for the Suzlon Energy Share Price

Operating margin and net profit against revenue growth.
Order intake and the order book in gigawatts.
Deliveries and execution against guidance.
Net cash and working capital.
Whether the stock holds the Rs 38 support or breaks lower.

Conclusion

The Suzlon Energy share price sits at its 52-week low of about Rs 38, with a 6.1 GW order book, net cash and brokerage targets near Rs 62 to Rs 65, and my illustrative five-year scenarios run from about Rs 56 to Rs 160 depending on earnings growth and valuation. Margins decide which is closer. Consult a SEBI-registered advisor before making any decision.

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

What is the Suzlon Energy share price now?

Ans. The Suzlon Energy share price was about Rs 38.34 on 7 October, at its 52-week low of Rs 38.19 after a fifth straight fall.

Where could the Suzlon Energy share price be in 5 years?

Ans. My illustrative scenarios give about Rs 56, Rs 106 and Rs 160 for 10%, 15% and 20% earnings growth, with P/Es of 12, 18 and 22 times. They are not forecasts.

Why has Suzlon fallen?

Ans. The Suzlon Energy share price fell as Q1 FY27 profit dropped 6% to Rs 305 crore despite a 23% rise in revenue, margins narrowed and the chart turned negative.

What is the Suzlon Energy order book?

Ans. About 6.1 GW at June 2026, with about 1 GW of new orders in the first four months of FY27.

What is the Suzlon share price target?

Ans. ICICI Securities has Rs 65, Deven Choksey Rs 64 and the consensus is about Rs 62.

Is Suzlon expensive?

Ans. At a P/E near 13 and a return on capital employed near 27%, the Suzlon Energy share price is not expensive on paper, but margins are under pressure.