UPL Ltd. share price target

UPL Ltd is a global agriculture Solutions Company engaged in the agrochemicals and industrial chemicals business with manufacturing sites across the world. Through recent expansion, the company has become a...

(accounting for 94.20% of total sales). Sales of Non-Agro Activities segment has gone up 33.77% to Rs 618.00 crore (accounting for 5.80% of total sales). Inter-segment sales rose Rs 59.00 crore to Rs 87.00 crore. Operating profit margin has declined from 18.65% to 18.27%,...

sales). Sales of Non Agro segment has gone up 22.49% to Rs 501.00 crore (accounting for 5.82% of total sales). Inter-segment sales rose Rs 69.00 crore to Rs 88.00 crore. Operating profit margin has slumped from 23.39% to 20.83%, leading to 3.17% decline in operating profit...

UPLL reported a muted operating performance despite gross margin expansion, weighed by higher fixed costs (+10% YoY) and logistic costs. The gross margin expansion was attributable to a better product mix as well as realization, partially offset by higher raw material cost. In 1QFY22, the...

Europe and RoW impacted by weather issues UPL reported lower than expected results with topline growth of 9% to Rs 85 bn (PLe Rs 87 bn) led by 6%/2%/1% volumes/realisations/exchange impact. India/ LatAM/ NAFTA business grew by 27%/ 24%/ 19% while Europe/RoW business declined 11%/14% YoY due to weather related issues. Net debt was higher by Rs 25.5 bn QoQ @ Rs 214.7 bn due to higher working capital, which...

Strong demand for key products along with robust product pipeline is driving the momentum for revenue growth. The company's focus on cost control and higher margin products should enable margin improvement thereby improving the medium-term outlook of the business. Hence, we reiterate our BUY rating on the stock with a rolled forward target price of Rs. 879 based on 15x FY23E adj. EPS. Topline growth led by higher volume UPL's consolidated Q4FY21 revenue grew 14.9% YoY to Rs. 12,796cr on the back of...

UPL Ltd (UPL) reported better than expected results driven by higher than anticipated sales in LatAM. EBITDA beat was driven by 90 bps higher than expected gross margin. Double digit growth in many LatAM countries, accelerated sales of sustainable solutions business in Europe and favourable weather in India drove growth, even as supply constraints restricted growth in North America. In FY21, the company reduced gross/net debt by Rs 51/32bn respectively. UPL's transformation from being a crop protection...

UPL registered an all round beat on March 2021 quarter earnings, with consolidated profit rising 72 percent year-on-year to Rs 1,063 crore on strong operating growth. The profit was also higher due to lower exceptional cost at Rs 80 crore in Q4FY21 against Rs 171 crore in the corresponding period of the previous fiscal. Exceptional cost of Rs 80 crore reported for the quarterly mainly included the cost related to restructuring in Europe, provisions related to litigation costs in North America, and fire incident in India. Consolidated revenue from operations grew by 15 percent to Rs 12,796 crore compared to the...

UPLL reported robust all-round performance in 4QY21; revenue growth was led by Latin America (LatAm), India, and Europe. The EBITDA margin expanded 270bp YoY to 22.2% on the back of 200bp gross margin expansion,...