I’m not a financial advisor, but I can help you think through the question and share what I found — you can then decide based on your risk tolerance.
Let’s break this down into parts:
What we know about Suzlon recently / order book, growth signals
Back orders / recent orders / order book status
Suzlon has secured a large order of 838 MW from Tata Power Renewable Energy for FY 26. This is being reported as their largest order for the year so far and their second-largest ever.
The 838 MW order will involve 266 of their S144 turbines across Karnataka, Maharashtra, and Tamil Nadu.
In earlier disclosures, Suzlon’s order book (after factoring in cancellations/adjustments) as of late March 2025 stood at around 5,622 MW (i.e. 5.62 GW)
Note: There have been some cancellations or adjustments in the past (e.g. 300 MW in older orders) which indicates some execution risk.
In Q1 FY26, Suzlon reportedly showed a 62% rise in EBITDA (earnings before interest, tax, depreciation, amortization) to ₹599 crores.
They are also making sustainability moves (e.g. pledging to run their manufacturing on 100% renewable energy by 2030) which may help their public image and alignment with global green energy trends.
So, Suzlon’s recent backlog and order wins are positive signals: they are winning large projects, increasing their book of work, and showing improvements in EBITDA.
However, the key risk is execution — converting orders into revenue and profit (meeting timelines, cost overruns, supply chain, etc.). Some cancellations/adjustments in the past indicate that it’s not guaranteed that all orders will be fulfilled as initially projected.
Valuation & analyst expectations
On Investing.com, the consensus 12-month price target is ~ ₹76 (with a low estimate of 67 and a high of 81) given the current price ~₹55.18.
On TradingView, analysts’ average target is ~ ₹75.89
WalletInvestor suggests a possible upside toward ~₹76.37 over a year.
ICICI Securities (a prominent brokerage) has reiterated a “Buy” on Suzlon and raised its target to ₹76.
Motilal Oswal reaffirmed a “Buy” with a target of ₹80, implying ~42% upside from current levels.
The stock has seen strong historical returns over multiple years (e.g. big run-ups over 3–5 years), but in recent times it has also faced volatility and corrections.
So the market and broker expectations are moderately bullish, anticipating upside from current levels if things go well.
Risks & counterpoints to watch
Order cancellations or adjustments: as seen earlier, some orders get revised or canceled, which reduces certainty.
Execution risk: delivering on large contracts is nontrivial (logistics, supply chain, funding, regulatory hurdles).
Market/interest rate / policy risk: renewable energy companies are sensitive to policy changes, tariffs, subsidies, interest rates, capital cost, etc.
The consensus forecasts assume “best case” scenarios; if any link in the chain breaks (delays, cost overruns, regulatory delays), things can go off track.
The stock is already off from its 52-week highs (i.e. is in a more conservative phase)
Should you accumulate more at ₹55.18?
Here’s how I’d think about it (with caveats):
If you’re long-term oriented (1–3 years), and you believe Suzlon can continue converting orders into revenue and profits, then accumulating more shares at ₹55.18 gives you a chance to benefit from upside if forecasts hold.
If you’re short- to mid-term, the valuation seems to have some room for upside (~₹76 consensus), but that’s contingent on execution. It’s not a guaranteed bet.
Because there is significant risk, I would not go “all in” — rather, add incrementally (i.e. average down in small tranches) while keeping a stop-loss or exit plan if things don’t go well.
So yes, accumulating more could make sense if you are comfortable with the risk and are patient, but only as part of a balanced portfolio and with risk controls.
Expected growth by next year (to FY26 / 1-year outlook)
Based on the data, here’s a rough estimate, with caveats:
The consensus 1-year price targets suggest a move from ~₹55 to ~₹75–76 — that’s ~35–40% upside.
If Suzlon successfully executes the 838 MW order (and other backlog) with healthy margins, their revenues and profits could grow significantly.
If macro / policy environment remains favorable (renewable energy push, supportive government policies, stable interest rates), that would further help.
Thus, a moderate scenario might be 30%–50% upside over 12 months (assuming no major negative surprises). But that is optimistic — realize that downside risk is also possible.