Suzlon Energy vs Inox

 

Suzlon Energy vs Inox

Revenue Growth

Suzlon Energy vs Inox Wind Revenue Growth (2020-2024)

	2020	2021	2022	2023	2024
Revenue (Rs m)
Inox Wind	7,844	7,870	6,553	10,115	17,432
Suzlon Energy	30,005	33,656	66,651	59,902	64,968
Growth YOY%
Inox Wind	-46.31%	0.33%	-16.73%	54.35%	72.34%
Suzlon Energy	-41.66%	12.17%	98.04%	-10.13%	8.46%

Source: Ace Equity

Suzlon Energy vs Inox Wind Profit Margins (2020-2024)

	2020	2021	2022	2023	2024
Operating Profit Margin (%)
Inox Wind	-13.90%	-12.50%	-45.10%	-32.90%	18.60%
Suzlon Energy	-28.00%	16.60%	13.90%	14.30%	16.40%
Profit After Tax (Rs m)
Inox Wind	-2,794	-3,071	-4,826	-6,707	-507
Suzlon Energy	-26,914	1,003	-1,662	28,873	6,603

Source: Ace Equity

Suzlon Energy vs Inox Wind Debt to Equity Ratio (2020-2024)

	2020	2021	2022	2023	2024
Debt to Equity Ratio
Suzlon Energy	(1.20)	(1.91)	(1.70)	1.73	0.04
Inox Wind	0.66	1.19	0.94	1.39	1.91

Source: Ace Equity
Suzlon Energy vs Inox Wind Return on capital employed (2020-2024)

	2020	2021	2022	2023	2024
Return on equity (%)
Inox Wind	-15.30%	-20.50%	-43.40%	-50.70%	-3.00%
Suzlon Energy	24.50%	-2.80%	4.40%	262.70%	16.80%
Return on capital employed (in %)
Inox Wind	-6.10%	-7.20%	-11.50%	-9.10%	10.30%
Suzlon Energy	-50.60%	38.80%	23.00%	112.90%	20.80%

Source: Ace Equity

Suzlon Energy vs Inox Wind Valuation Ratios

	P/BV Ratio	5-year average P/BV
Inox Wind	13.15	1.7
Suzlon Energy	18.65	-0.4

Source: Ace Equity