A director at Suzlon Energy Limited bought 1,000,000 shares at 7.380INR and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The independent financial analyst theScreener just awarded an improved star rating to SUZLON ENERGY LTD. (IN), active in the Renewable Energy Equipment industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 2 out of 4 possible stars. Given its market behaviour as risky, theScreener considers that these elements allowing slightly upgrading its general evaluation to Slightly Negative; the title, however, remains unattractive. As of the analysis dat...
Q1FY20 result highlights Indian wind industry has faced multiple headwinds in last two years a) the abrupt end to the auction regime b) the teething issues with auction regime c) delays in transmission evacuation d) delays in land allocation in Gujarat. As a result, the Indian wind Industry has shrunk from 5.5GW in FY17 to 1.5GW in FY19 (FY18 as 1.8GW). Despite various headwinds, Suzlon commissioned 529MW in FY19, a market share of 39%. However, Suzlon needs to have an execution of upwards ...
Event update Suzlon Energy (Suzlon) has defaulted on its foreign currency convertible bond (FCCB) of USD172m, due on 19 July 2019, while its 700MW order book faces potential cancellation. Details Absence of finalisation of resolution plan has led to Suzlon defaulting on its FCCB. Moreover, the Andhra Pradesh state government has decided to cancel its power purchase agreement (PPA) with Axis Energy Ventures (Suzlon was the original equipment manufacturer (OEM), causing its 1.9GW order book t...
Q4FY19 result highlights Indian wind industry has faced multiple headwinds in last two years a) the abrupt end to the auction regime b) the teething issues with auction regime c) delays in transmission evacuation d) delays in land allocation in Gujarat. As a result, the Indian wind Industry has shrunk from 5.5GW in FY17 to 1.5GW in FY19 (FY18 as 1.8GW). Besides, the situation has further worsened by the liquidity situation at Suzlon (led by leverage) affecting the execution of its strong ord...
Q3FY19 result highlights Suzlon executed mere 67MW of wind equipment in Q3FY19 (vs 256MW in Q3FY18). Consequently, Suzlon reported EBITDA of Rs726m (est of Rs1.5bn) in Q3FY19, -71% yoy. As a result, Suzlon adjusted loss in Q3FY19 was Rs3.3bn (vs est of loss of Rs2.1bn). Suzlon order book was 1.4GW. In addition, it has 700MW of orders where PPA has been signed but awaiting approval from regulator. As a result, total order back log is 2.1GW. The total order wins by Suzlon in the auctions is 1...
Q2FY19 result highlights Suzlon executed mere 115MW of Wind equipment in Q2FY19 (vs 103MW in Q2FY18). Consequently, Suzlon reported EBITDA of mere Rs1.2bn (est of Rs1bn) in Q2 FY19, +7.5% yoy. As a result, Suzlon adjusted loss in Q2FY19 was Rs2.8bn (vs est of loss of Rs3bn). Reported loss came in at Rs6.3bn on account of MTM losses on foreign currency loans EBITDA margin for Q2FY19 was mere 9.5% led by lower execution of 115MW during the quarter Order book: Suzlon order book was 1057MW. In...
Q1FY19 result highlights Suzlon executed 155MW of Wind equipment in Q1FY19 (vs 324MW in Q1FY18). Consequently, Suzlon reported EBITDA of mere Rs0.8bn (est of Rs1bn) in Q1 FY19, a decline of 84%yoy led by negative operating leverage. As a result, Suzlon adjusted loss in Q1FY19 was Rs3.2bn (vs est of loss of Rs2.5bn). Reported loss came in at Rs5.7bn on account of MTM losses on foreign currency loans EBITDA margin for Q1FY19 was mere 6% led by lower execution of 155MW during the quarter Orde...
Q4FY18 result highlights Suzlon executed 259MW of Wind and 70MW of Solar in Q4FY18 & 942MW of wind (decline of 40% yoy) and 231MW of Solar in FY18 (vs 109MW in FY17). The decline in execution of wind capacity was due to market disruption in wind industry on account of transition from Feed In Tariff regime to auction regime. Suzlon commissioned 626MW in FY18, a market share of 36% (+349bps). It regained its pole position in Indian wind market. Consequently, Suzlon reported EBITDA of Rs3.3bn ...
Q3FY18 result highlights Suzlon reported execution of 256 MW(est of 100MW) of wind power in Q3FY18, an increase of 125% QoQ and decline of 71% yoy. In addition, it executed solar power of 60MW (NIL in Q3FY17). The execution has improved with Feed in Tariff PPAs getting approval of the regulator during 3QFY18. Suzlon reported revenue from wind turbines business of Rs13.4bn, a decline of 53% yoy and revenue from O&M services at Rs4.5bn, an increase of 5% yoy. Consequently, Suzlon reported an ...
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