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    HomeNewsBusinessStocksBuy Suzlon Energy; target of Rs 25: HDFC Securities

    Buy Suzlon Energy; target of Rs 25: HDFC Securities

    HDFC Securities is bullish on Suzlon Energy has recommended buy rating on the stock with a target price of Rs 25 in its research report dated May 22, 2017.

    May 24, 2017 / 16:36 IST
       
       
      26 Aug, 2025 12:21
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      HDFC Securities' research report onSuzlon Energy

      Suzlon’s (SUEL) 4QFY17 result was a beat on all counts, with volume at 554MW (+25% YoY) and realisations at Rs 82.2 mn/MW. EBITDA margins also improved (+70bps YoY to 14.1%), leading to an APAT of Rs 2.7bn (ahead of our estimate of Rs 2.3bn). SUEL ended FY17 with volumes of 1,573 MW (+39% YoY).

      Outlook

      Hence, we take a conservative view on volumes (1,800/2,000 MW in FY18/19E) vs. mgmt guidance. Our positive stance on the sector remains intact. Reiterate BUY with a TP of Rs 25/share (10x Mar-19E EV/EBITDA).

      For all recommendations, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      first published: May 24, 2017 04:36 pm

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