UPL Ltd. share price target

We have upgraded our topline/EBITDA/APAT by 3%/3.6%/11% for FY21E and 2.6%/0.6%/5.8% for FY22E but lowered our target price from Rs542 to Rs497 based on 7.0x FY22E EV/EBITDA (implied P/E on TP- 11x) due to lower than expected debt reduction (considering perpetual bond as part of debt). UPL...

We explore UPL's stock potential under three scenarios and find a convincing case for +100%/200% returns in our base/bull case over the next three years.

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

UPL Ltd. United Phosphorous (UPL) is a producer of crop protection products, intermediates, specialty chemicals and other industrial chemicals, was incorporated in the year 1969.

UPL quarterly profit meets estimates as Latin America business shine. UPL's Revenue from operations surged 80.69% to Rs 8,892 crore in Q3 December 2019 as compared to Rs 4,921 crore in Q3 December 2018. Profit before tax in the December quarter stood at Rs 1,037 crore, up 107.40% from Rs 500 crore in Q3 December 2018. Total expenses in the December quarter stood at Rs 7,800 crore, up 78.61% from Rs 4,367 crore reported in the December quarter last year. Profit after tax in the December quarter stood at Rs 761 crore, up 40% from Rs 544.17 crore in Q3 December 2018....

Gaining market share in many geographies and segments: UPL continues to gain market share in Brazil across major crops like Soybean, Corn, Coffee, Sugarcane and plantation crops driven by cross selling opportunities as UPL is strong in Mato Grasso region while Arysta is strong in South of Brazil. There has also been significant market share gain in North America and in...

UPL has wide product basket which includes herbicides (29%), fungicides (26%), insecticides (25%), seeds (9%) and others (11%) covering a variety of crops including rice, wheat, cotton, soya, sugar beet, fruits & vegetables. Its product portfolio is across the entire crop protection and seed chain.

Q1 growth due to M&A; FY20 target optimistic UPL Ltd. is a global agricultural solutions company engaged in the agrochemicals and industrial chemicals business with manufacturing sites across the world. Through recent expansion, the company has become a...

UPL's FY19 annual report highlighted a) potential opportunities in Arysta Change in Estimates | Target | Reco Lifescience, b) its initiatives towards manufacturing key molecules and achieving self-sufficiency, c) immense growth prospects for glufosinate and...

UPL quarterly profit dives by 91% , misses estimates UPL is a global generic crop protection, chemicals and seeds company. The company is engaged in the business of agrochemicals, industrial chemicals and chemical intermediates. Its consolidated net profit fell 65.1% to Rs 178 crore on 91.2% rise in net sales to Rs 7906 crore in Q1 June 2019 over Q1 June 2018....