UPL Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for UPL, BSE:512070 UPL Ltd.

UPL Ltd.

08 May 2023

727.95

1.70%

UPL

Buy: UPL Ltd.

Target

Sharekhan

UPL Ltd. has gained 26.83% in the last 1 Year

UPL Ltd.

08 May 2023

727.95

1.70%

Increase in supplies from China led to inventory losses; model impact to continue in H1FY24

Accumulate: UPL Ltd.

ICICI Securities Limited

Post lifting covid led restrictions, there is strong revival in supplies of agrochemicals from China and it has led to correction in prices of post-patent agrochemicals. Due to unfavourable supply: demand situation, UPL has reported inventory losses of ~Rs12bn in Q4FY23.

UPL Ltd. has gained 26.83% in the last 1 Year

UPL Ltd.

08 May 2023

727.95

1.70%

Higher agrochemical inventory to create near-term challenge

Neutral: UPL Ltd.

Target

Motilal Oswal

UPL Ltd. has gained 26.83% in the last 1 Year

UPL Ltd.

01 Feb 2023, 12:00AM

727.95

1.70%

Strong revenue growth; higher working capital days impacted RoCE

Accumulate: UPL Ltd.

ICICI Securities Limited

UPL has reported sixth straight quarter of 18%+ YoY revenue growth indicating it has likely gained market shares in global agrochemical market. While favourable forex fluctuations have helped UPL, we note the chief reasons for strong performance are (1) steady launches of differentiated products and better connect with trade and (2) higher focus on developing markets such as India, Brazil and Mexico.