15% @ 90 DAYS

1.
28th August 2011
STOCK RECOMMENDATION
SUZLON ENERGY BUY POTENTIAL UPSIDE: 19.7%
CURRENT MARKET PRICE: 34.25 TARGET PRICE: 41
BSE Code 532667 Market Cap (Crores) 6087.42
NSE Code SUZLON P/E 18.32
Book Value 35.97 EPS 1.87
Face Value 2 Dividend Yield % -

2. 15% @ 90 DAYS – AUGUST 2011
Last 1 Year Comparative Chart
Suzlon Energy & Nifty:
Nifty: ‐12.33 % Suzlon Energy: ‐29.24 %
Stock Resistance and Support:
1st Resistance – 39.5 1st Support – 31
2nd Resistance – 43 2nd Support – 28.5
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3. 15% @ 90 DAYS – AUGUST 2011
Financials at a Glance:
Yearly Results of Suzlon Energy (Rs. In Crores)
Particulars Mar 2011 Mar 2010 Mar 2009 Mar 2008 Mar 2007
No of Months 12 12 12 12 12
Sales Turnover 4,357.55 3,488.68 7,251.94 6,926.01 5,380.37
Other Income 331.67 222.89 160.78 125.61 88.1
Total Income 4,689.22 3,711.57 7,412.72 7,051.62 5,468.47
Total Expenses 4,163.34 3,707.48 6,600.24 5,333.11 4,186.07
Operating Profit 194.21 -218.8 651.7 1,592.90 1,194.30
Profit On Sale Of Assets -- -- -- -- --
Profit On Sale Of Investments -- -- -- -- --
Gain/Loss On Foreign Exchange -- -- -- -- --
VRS Adjustment -- -- -- -- --
Other Ext. Income/Expenses -- -- -- -- --
Total Ext.Ord. Income/Expenses -- -- -873.16 -151.17 --
Tax On Extraordinary Items -- -- -- -- --
Net Ext. Ord. Income/Expenses -- -- -- -- --
Gross Profit 525.88 4.09 812.48 1,718.51 1,282.40
Interest 578.04 653.59 380.12 125.34 89.33
PBDT -103.6 -1,112.42 -440.8 1,442.00 1,193.07
Depreciation 156.89 126.27 99.16 86.21 73.49
Dep. On Revaluation Of Assets -- -- -- -- --
PBT -260.49 -1,238.69 -539.96 1,355.79 1,119.58
Tax -74.83 175.4 -70.69 90.08 58.44
Net Profit -185.66 -1,414.09 -469.27 1,265.71 1,061.14
Prior Years Income/Expenses -- -- -- -- --
Depreciation for Previous Years -- -- -- -- --
Dividend -- -- -- -- --
Dividend Tax -- -- -- -- --
Dividend (%) -- -- -- -- --
Earnings Per Share -- -- -- 8.46 36.88
Book Value -- -- -- -- --
Equity 355.47 311.35 299.66 299.39 287.76
Reserves 6,418.58 5,277.24 6,177.41 6,638.05 3,413.82
Face Value 2 2 2 2 10
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4. 15% @ 90 DAYS – AUGUST 2011
Basis of Recommendation:
i) Technical Analysis
ii) Company Recent Development
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
Disclosure: The author of this article does not hold shares in the recommended company.
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