Fundamentals : first of all its a green energy producing and wind turbine manufacturing company. half of the company board is filled with tanti family (tulsi tanti and his relatives). company profits are purely based on government's power policy. Unlike adani green, it doesn't have integrated power eco system ( where green energy can be pushed through adani transmission .ltd ). And I've read in few websites that Suzlon's wind turbines are 2000's design. Since 2019, Suzlon is changing its board members, In 2020 Ashwani kumar has stepped in as CEO of the company, hopefully he'll change the direction of the company
In April 2019, Suzlon had announced that it would sell two of its solar subsidiaries to Ostro Energy, a wholly-owned subsidiary of independent power producer, ReNew Power. The two subsidiaries are Shreyas and Aalok Solar Farms Limited.
Balance sheet : Not only they are running in loss, they are selling their assets and book value is been deteriorating. Since 3 years not even one quarter posted profits except in last quarter, And in july 2020 the Suzlon board have approved debt reconstruction with Capital Infusion of ₹3.92 Billion, hopefully it'll give them some breathing space. Tulsi tanti have promised that company will be debt free by end of 2022. They still have shit ton of debt, if it doesn't get enough wind turbine manufacturing orders or Government doesn't ramp up its order for green energy, suzlon's future looks weak. And most importantly promoter have increased pledging up to 85%, that much of pledged stocks and non payment of interest to the bank is the first indicator that its easily susceptible to operators entering in
[https://www.cnbctv18.com/energy/suzlon-debt-restructuring-6237891.htm#:~:text=Suzlon%20Energy%20completes%20debt%20restructuring%2C%20banks%20take%20steep%20haircut,-Updated%20%3A%20July%2001&text=The%20company%20said%20it%20would,as%20part%20of%20the%20restructuring](https://www.cnbctv18.com/energy/suzlon-debt-restructuring-6237891.htm#:~:text=Suzlon%20Energy%20completes%20debt%20restructuring%2C%20banks%20take%20steep%20haircut,-Updated%20%3A%20July%2001&text=The%20company%20said%20it%20would,as%20part%20of%... keep reading on reddit ➡