UPL Ltd

UPL Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

UPL Ltd

₹ 504 -2.67%
20 Dec - close price
upl-ltd.com BSE: 512070 NSE: UPL
About

UPL is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, speciality chemicals and production and sale of field crops and vegetable seeds.

Key Points

Business Overview
UPL is a leading provider of agricultural solutions and services, with 14,000+ product registrations, a presence in ~140 countries, access to 90% of the world’s food basket. The products include Crop Protection Chemicals like Insecticides, Fungicides, Herbicides etc. also Seeds, Biosolutions. It is a 5th largest Agrochemical company globally with 43 manufacturing facilities across the globe.[1] [2]

Website BSE NSE
  • Market Cap ₹ 42,602 Cr.
  • Current Price ₹ 504
  • High / Low ₹ 600 / 430
  • Stock P/E 526
  • Book Value ₹ 90.7
  • Dividend Yield 0.20 %
  • ROCE 12.6 %
  • ROE 16.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 26.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 49.4%

Cons

  • Stock is trading at 5.56 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -9.02% over past five years.
  • Earnings include an other income of Rs.307 Cr.
  • Company has high debtors of 152 days.
  • Working capital days have increased from 37.9 days to 63.7 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

Part of Nifty India Manufacturing BSE Enhanced Value Index Nifty500 Multicap India Manufacturing 50:30:20 Nifty Total Market BSE 250 LargeMidCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
4,138 4,025 4,326 5,007 5,543 4,652 1,528 1,355 1,777 1,025 1,248 802 1,090
3,642 3,600 3,860 4,111 4,827 4,188 1,499 1,254 1,566 1,025 1,136 741 1,064
Operating Profit 496 425 466 896 716 464 29 101 211 0 112 61 26
OPM % 12% 11% 11% 18% 13% 10% 2% 7% 12% 0% 9% 8% 2%
32 0 581 14 70 345 -105 231 889 69 -73 79 232
Interest 91 95 98 99 131 149 40 26 25 44 49 45 80
Depreciation 257 259 275 268 273 245 32 33 47 35 28 34 28
Profit before tax 180 71 674 543 382 415 -148 273 1,028 -10 -38 61 150
Tax % 19% 20% -4% 12% 12% 22% 10% 2% 12% -560% -74% 0% 2%
146 57 703 479 336 323 -163 267 906 46 -10 61 147
EPS in Rs 1.70 0.66 8.18 5.67 3.98 3.83 -1.93 3.16 10.73 0.54 -0.12 0.72 1.74
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,939 4,968 5,335 5,981 6,939 7,263 8,660 9,641 11,345 16,449 9,032 5,398 4,165
3,513 4,303 4,793 5,143 5,996 6,314 7,821 8,436 9,725 14,392 8,178 4,996 3,966
Operating Profit 427 666 542 838 943 949 839 1,205 1,620 2,057 854 402 199
OPM % 11% 13% 10% 14% 14% 13% 10% 12% 14% 13% 9% 7% 5%
130 298 260 481 279 428 556 496 98 625 848 1,120 307
Interest 101 242 35 192 149 135 185 272 307 377 188 144 218
Depreciation 158 169 187 619 655 666 724 891 977 1,044 431 130 125
Profit before tax 297 552 581 508 418 576 486 538 434 1,261 1,083 1,248 163
Tax % 30% 25% 20% 24% 41% 5% 17% 14% 49% 7% 10% 3%
208 416 463 385 245 548 405 461 220 1,176 975 1,208 244
EPS in Rs 2.79 5.75 6.41 5.32 2.86 6.39 4.71 5.36 2.56 13.68 11.55 14.31 2.88
Dividend Payout % 53% 41% 46% 56% 144% 74% 101% 100% 348% 65% 77% 6%
Compounded Sales Growth
10 Years: 1%
5 Years: -9%
3 Years: -22%
TTM: -55%
Compounded Profit Growth
10 Years: 11%
5 Years: 27%
3 Years: 74%
TTM: -93%
Stock Price CAGR
10 Years: 9%
5 Years: -2%
3 Years: -11%
1 Year: -10%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 15%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 89 86 86 86 101 102 102 153 153 153 150 150 150
Reserves 3,269 3,222 3,438 7,661 7,567 7,867 7,870 7,871 7,633 8,048 6,918 7,380 7,510
2,038 1,420 1,377 1,650 930 1,122 1,638 1,112 1,329 1,778 617 1,852 2,795
1,620 2,355 2,739 2,362 2,749 2,959 4,293 4,692 6,168 9,654 10,259 7,539 6,898
Total Liabilities 7,016 7,083 7,639 11,759 11,347 12,050 13,903 13,828 15,283 19,633 17,944 16,921 17,353
1,350 1,572 1,649 5,397 5,116 4,902 4,981 5,354 5,598 5,477 4,319 738 727
CWIP 236 118 370 209 272 663 889 886 722 909 867 118 89
Investments 904 671 873 588 593 594 1,441 1,406 1,441 2,374 3,208 3,513 3,683
4,525 4,721 4,747 5,565 5,366 5,891 6,592 6,182 7,522 10,873 9,550 12,552 12,854
Total Assets 7,016 7,083 7,639 11,759 11,347 12,050 13,903 13,828 15,283 19,633 17,944 16,921 17,353

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
190 1,139 497 -63 1,021 497 664 1,773 1,820 2,349 1,667 -411
-63 -84 -131 364 268 -305 -439 -435 -1,175 -1,481 1,210 94
-21 -1,199 -459 -322 -1,295 -158 -241 -1,277 -502 -643 -2,689 325
Net Cash Flow 105 -144 -93 -21 -6 34 -16 61 143 225 188 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 167 104 97 114 103 101 115 120 130 124 231 152
Inventory Days 105 120 152 156 137 135 133 86 113 108 99 30
Days Payable 160 188 222 212 220 219 202 216 259 238 396 125
Cash Conversion Cycle 113 35 27 57 19 18 47 -10 -16 -7 -66 57
Working Capital Days 176 75 57 100 75 78 66 37 32 33 17 64
ROCE % 7% 16% 13% 10% 7% 8% 7% 9% 8% 17% 10% 13%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
28.41% 28.62% 29.13% 29.13% 30.91% 32.51% 32.51% 32.51% 32.51% 32.51% 32.51% 32.51%
34.26% 35.29% 36.44% 35.57% 37.18% 38.69% 37.96% 33.57% 34.39% 33.64% 34.51% 34.22%
18.66% 17.81% 16.47% 17.19% 16.19% 14.39% 15.24% 17.27% 16.82% 15.33% 15.73% 17.64%
18.67% 18.29% 17.97% 18.11% 15.70% 14.37% 14.27% 16.64% 16.27% 18.51% 17.23% 15.59%
No. of Shareholders 2,45,1352,40,0122,45,3702,69,1682,53,0542,53,5482,80,8193,83,2994,08,0284,83,5144,38,8893,76,289

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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