Suzlon Share Price: Rs 1 Lakh Investment Turns Into Rs 20 Lakh In This Multibagger As Stock Zooms 2000%

Suzlon Energy Ltd., a wind turbine manufacturer, is a multibagger stock that has rallied nearly 2000% over the last five years. The scrip has delivered a notable 67.13% gain so far in 2025.

The five-year return of the stock is 1918.11%, while the three-year return stands at 780.63%. In the year so far, the share price recorded a low of Rs 49.7 on Feb. 28 and then rose to Rs 71.4 on May 30. This sharp gain followed the company's stellar fourth quarter results.

The company's net profit surged nearly fivefold by an astounding 365%, reaching Rs 1,182 crore, compared to Rs 254 crore in the previous year. This figure was well above the Bloomberg estimate of Rs 456 crore.

The analysts' take on the counter is pretty positive, as six out of the eight analysts tracking the company maintain a 'buy' rating, and two recommend a 'hold', according to Bloomberg data. The average 12-month consensus price target of Rs 76.14 implies an upside of 13.4%.

Morgan Stanley is 'overweight' on the stock with a target price of Rs 77, while other brokerages like Axis Capital, Investec, JM Financial, ICICI Securities and Motilal Oswal Securities have a 'buy' rating on the stock. The highest target price, according to Bloomberg data, is set by Motilal Oswal Securities, with the target price set at Rs 83.

The Pune-based company expects a 60% growth across the board in financial year 2026, backed by a strong demand for wind power, according to Chief Executive Officer JP Chalasani.

"For the first time, we gave guidance that we will grow by 60% across the board," he told NDTV Profit during an earlier conversation. Chief Financial Officer Himanshu Mody explained the company’s target for turbine deliveries.

"We have done 1.55 gigawatts in deliveries this year. There's a difference between delivery and the turbine commission," he said. Expecting for FY26, we would do at least 60% growth over FY25, which pegs us at about 2.4–2.5 GW of deliveries in FY26, he said.

Zooming out, the management explains that Suzlon's optimism extends beyond its own performance to the broader wind energy sector in India. Chalasani projected that India will achieve over 6 GW of wind capacity in the financial year 2026, with annual installations potentially reaching 8 GW to 9 GW in the coming years to meet the national target of 100 GW by 2030.

"Growth rates are going to be significantly steeper from here to 2030," he noted. According to Investec, the company's order book and execution remained sturdy and are likely to remain strong in the future.

"Suzlon's order book has increased to 5.0 GW as of FY25, up from 2.9 GW YoY (5.5 GW as of May '25) for execution over the next 2-3 years, with annual order intake projected at 3-3.5 GW," the brokerage firm said in an earlier note.

On Monday, shares of the company closed 0.63% higher at Rs 67.13 apiece compared to a 0.40% advance in the benchmark Nifty 50 at close.