Suzlon Share Price Forecast 2025: Motilal Oswal Sees 30% More Upside After 2,300% Rally

Introduction

Suzlon share price forecast is once again in the spotlight, as Suzlon Energy delivers over 2,300% returns in five years and is expected to rally another 30%. After delivering a stunning 2,300% return over the past five years, it continues to attract investor attention. Now, Motilal Oswal, a leading brokerage firm, has predicted another 30% upside in Suzlon’s share price. But what’s fueling this continued optimism?

Let’s break down Suzlon’s stock performance, financials, growth catalysts, and why analysts are still bullish on this renewable energy player.

Also Read | Retail Inflation Hits Six-Year Low in April 2025: Relief for Consumers, But Caution Ahead

Suzlon Share Price Forecast – What Analysts Expect in 2025

Just a few years ago, Suzlon was seen as a struggling company burdened by debt. However, from 2020 to 2025, it delivered an extraordinary rally, moving from under ₹2 to above ₹40.

Key Factors Behind the Rally:

• Debt Restructuring: Suzlon significantly reduced its debt load, improving its balance sheet.

• Turnaround in Operations: Streamlined operations and improved margins.

• Renewable Energy Boom: Strong policy support for wind and solar energy in India.

• Order Book Growth: Robust pipeline of wind energy projects from both public and private sector clients.

Motilal Oswal’s Take on Suzlon Share Price

According to Motilal Oswal’s latest research report, Suzlon may still offer a 30% upside from current levels. The brokerage believes the company is entering a phase of sustainable profitability backed by a strong execution track record.

Reasons Behind the Bullish Forecast:

1. Improved EBITDA Margins: Operational efficiencies are expected to raise earnings before interest, taxes, depreciation, and amortization.

2. Asset-Light Strategy: Focusing on EPC (Engineering, Procurement, Construction) model without owning generation assets.

3. Strong Order Book: Over 1.5 GW of confirmed orders as of early 2025.

4. Policy Support: Government incentives for wind energy boost long-term visibility.

Financial Performance Snapshot

These figures show how Suzlon has transformed from a high-debt, loss-making company to a leaner, profitable wind energy player.

Risks and Challenges

Despite strong tailwinds, investors should stay aware of the risks:

• Volatility in Commodity Prices: Raw material cost spikes can affect margins.

• Execution Risk: Delay in project delivery may impact revenue realization.

• Global Headwinds: International slowdown in renewable spending could hurt exports or international orders.

However, analysts believe these risks are largely manageable given Suzlon’s de-leveraged balance sheet and order visibility.

Suzlon Share Price Forecast for 2025

Motilal Oswal’s target implies a potential price of around ₹52–₹55 per share, assuming current levels in the ₹40–₹42 range.

Other brokerages have echoed similar sentiments. Angel One and ICICI Direct also maintain a “Buy” rating, citing long-term growth and India’s aggressive renewable energy targets.

Should You Invest in Suzlon?

Suzlon may still be a good opportunity for investors who:

• Have a high risk appetite

• Believe in India’s renewable energy story

• Are willing to hold for 3–5 years for compounding returns

If you already hold the stock, analysts suggest staying invested while reviewing quarterly performance. For new investors, staggered buying or waiting for market dips could offer better entry points.

Final Thoughts

Suzlon Energy’s story is a classic comeback tale — from near bankruptcy to one of India’s most watched multibagger stocks. Backed by clean energy tailwinds, policy support, and improved fundamentals, the company continues to impress analysts.

While no stock is risk-free, Motilal Oswal’s 30% upside forecast indicates that Suzlon’s growth journey may be far from over.