Suzlon Energy Moat Analysis: Score & Risks
Suzlon Energy Ltd.
A first-pass moat teardown of Suzlon Energy Ltd., built from single-pass filing evidence. Free note — provisional, and the full two-pass deep dive may revise it.
First-pass narrow (capped) read — primary edge in Cost Advantage. Provisional, single-pass evidence.
Suzlon Energy Ltd. scores 5.69 on MoatSCORE 6.0 — a narrow (capped) moat in Capital Goods. This is a first-pass note: the dimensional read and the filing receipts below come from a single GFIP evidence pass, not the full two-pass deep corpus behind our flagship deep dives. Provisional — published free while the deep version is queued.
Seven dimensions of moat
Ordered by contribution. Each dimension carries a verified filing quote, graded [M] mechanism or [O] outcome.
“Advanced Manufacturing 4.5 GW capacity, in-house vertical integration Optimized production energy usage”
“Suzlon also qualifies for government tenders and would be selectively pursuing these orders as we discussed during our last call.”
“average sales price of turbine has come down in this quarter because it depends upon whom are we supplying because contract to contract realization changes”
“delays in land acquisition and statutory approvals, which have resulted in cost overruns and project delays”
“the impact of one large customer not being there this quarter impact is almost about 1.9%. And then the another is roughly because the project revenues have gone up, project margin is being lower than the supply margin.”
D8 rating: ADEQUATE. Not part of the moat score — it governs the cost of equity and the fade window. First-pass; not yet deep-reviewed.
The barrier gate — first-pass
Effective barrier 5 — below 6, so the band is capped narrow. First-pass estimate.
Deep two-pass review. This draft rests on a single GFIP evidence pass; the full 10-year AR + concall corpus may move the read.
The barrier gate. A firmer replication or bypass estimate is the most likely thing to shift the band.
Adverse events. Any governance, regulatory or funding shock captured in D8 could re-rate the fade window.
Where this note fits. This company is one of 509 Indian companies we have scored for moat durability — 370 narrow, 126 narrow-trending-wide, none wide. Every score, dimension by dimension, is free in the Moat Screener.
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