Suzlon Energy’s Arm Fined ₹7.47 Lakh for Customs Duty; Stock Drops 4%

Suzlon Energy informed the stock exchanges that its wholly-owned subsidiary, Suzlon Global Services Ltd (SGSL), has been fined by the Commissioner of Customs (Imports), Mumbai. The penalty of ₹7.47 lakh was imposed over allegations of non-payment of customs duty on casting parts imported from China on August 30, 2017.

The company stated that SGSL plans to appeal the order with the appropriate authorities. However, Suzlon clarified that this issue will not have any significant impact on its financials, operations, or business activities.

Update on Suzlon’s Order Book

Suzlon recently provided an update on its order book, including recent order cancellations and new contracts. As of January 28, 2025, the company’s order book stood at 5,523 MW. After adjustments, including new orders, cancellations, and dispatches, the order book now stands at 5,622 MW. The final details will be disclosed with Suzlon’s financial results for Q4 FY25 and FY25.

Stock Performance 

As of April 4, 2025, at 11:54 AM IST, Suzlon Energy share price is trading at ₹55.65, down 3.20% (-₹1.84) for the day. The stock opened at ₹57.49, reached a high of ₹57.50, and a low of ₹55.01. The company has a market capitalisation of ₹75,960 crore and a price-to-earnings (P/E) ratio of 66.45. It does not offer a dividend yield. Over the past 52 weeks, the stock has traded between a high of ₹86.04 and a low of ₹37.90.

Financial Ratios & Promoter Holdings

• Price-to-earnings (P/E) ratio: 157.57

• Price-to-book (P/B) ratio: 19.35

• Earnings per share (EPS): ₹0.35

• Return on equity (RoE): 12.36%

• Stock beta: 1.2 (indicating high volatility)

As of December 2024, promoters held a 13.25% stake in Suzlon Energy.

About Suzlon 

Suzlon is a leading global provider of renewable energy solutions and a vertically integrated manufacturer of wind turbine generators (WTGs). The company handles the entire process, from design and development to manufacturing key components such as rotor blades, tubular towers, generators, control systems, gears, and nacelles. 

Conclusion

Despite the penalty, Suzlon clarified there is no major financial impact. The company’s order book remains strong, but the stock continues to face volatility.

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