Is UPL a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that UPL Ltd is a good quality company .

Is UPL undervalued or overvalued?

The key valuation ratios of UPL Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is UPL share price return in the past 10 years?

UPL Ltd share price has appreciated 9.2% annually (CAGR) over the past ten years.

Is UPL a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of UPL Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

UPL Ltd - Stock Valuation and Financial Performance

Name: UPL
Brand: UPL

BSE: 512070 | NSE: UPL | Pesticides & Agrochemicals | Mid Cap

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UPL Share Price

₹564.40 17.55 3.21%
as on 21-Nov'24 14:21

10 Year X-Ray of UPL:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	23%	18%	21.7%	20.9%	9.3%	9.6%	13.5%	15.3%	15.7%	3.2%	-
Value Creation Index ⓘ	0.7	0.3	0.9	0.9	-0.2	-0.2	0.2	0.4	0.4	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	12,091	14,048	16,312	17,378	21,837	35,756	38,694	46,240	53,576	43,098	44,122
Sales YoY Gr.	-	16.2%	16.1%	6.5%	25.7%	63.7%	8.2%	19.5%	15.9%	-19.6%	-
Adj EPS ⓘ	18.3	17	24.9	26.9	25.3	28.5	38.6	53.6	56.9	-6.8	-26.7
YoY Gr.	-	-7%	46.6%	8.1%	-6.2%	13%	35.1%	39.1%	6.2%	-112%	-
BVPS (₹) ⓘ	91.2	32.4	96.5	119.9	192.4	213	234	283.1	357.8	330.5	319
Adj Net Profit ⓘ	1,174	1,093	1,894	2,057	1,929	2,180	2,945	4,096	4,274	-513	-2,004
Cash Flow from Ops. ⓘ	1,409	1,396	2,585	2,839	2,356	8,739	7,212	6,496	7,751	1,822	-
Debt/CF from Ops. ⓘ	2.3	3.8	2.5	2.3	12.4	3.3	3.3	4.4	3.4	17.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.2%	14.6%	3.7%	-19.6%
Adj EPS ⓘ	-189.7%	-177%	-156.2%	-112%
BVPSⓘ	15.4%	11.4%	12.2%	-7.6%
Share Price	9.2%	0.7%	-8.7%	0.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	21.1	18.6	28.5	24.8	16.2	12.8	14.7	19.3	17.6	-2	-8.2
Op. Profit Mgn % ⓘ	19.5	18.6	19.7	20.2	18.6	19.9	22.1	22	20.9	12.8	11.5
Net Profit Mgn % ⓘ	9.9	7.9	11.7	11.9	9.2	7.2	9.2	10.6	9.6	-2.8	-4.5
Debt to Equity ⓘ	0.6	2.5	0.9	0.7	2	1.5	1.1	1.3	1	1.3	0.9
Working Cap Days ⓘ	224	235	242	208	267	211	200	201	199	242	139
Cash Conv. Cycle ⓘ	78	86	81	34	82	44	31	26	30	46	40

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 3.66%

Debt to equity has increased versus last 3 years average to 1.27

Sales growth is not so good in last 4 quarters at -8.14%

Latest Financials - UPL Ltd.

	Standalone	Consolidated
TTM EPS (₹)	1.8	-26.7
TTM Sales (₹ Cr.)	5,766	44,122
BVPS (₹.) ⓘ	102.1	319
Reserves (₹ Cr.) ⓘ	7,510	23,796
P/BV ⓘ	5.36	1.71
PE ⓘ	306.32	0.00

From the Market
52 Week Low / High (₹)	448.00 / 625.00
All Time Low / High (₹)	0.05 / 864.75
Market Cap (₹ Cr.)	41,047
Equity (₹ Cr.)	150.1
Face Value (₹)	2
Industry PE ⓘ	43.2

Management X-Ray of UPL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

0.91

* Pledged shares as % of Promoter's holding (%)

Valuation of UPL

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of UPL

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	12,091	14,048	16,312	17,378	21,837	35,756	38,694	46,240	53,576	43,098
Operating Expenses ⓘ	9,827	11,653	13,331	13,880	18,080	28,983	30,343	36,726	43,380	38,559
Manufacturing Costs	1,652	1,868	2,134	2,395	2,864	3,667	4,704	6,094	5,730	4,680
Material Costs	6,016	6,780	7,816	8,112	10,904	18,743	19,096	22,072	27,281	24,494
Employee Cost	1,043	1,434	1,627	1,713	2,095	3,391	3,712	4,622	5,056	4,682
Other Costs ⓘ	1,115	1,571	1,754	1,660	2,217	3,182	2,831	3,938	5,313	4,703
Operating Profit ⓘ	2,264	2,395	2,981	3,498	3,757	6,773	8,351	9,514	10,196	4,539
Operating Profit Margin (%)	18.7%	17.0%	18.3%	20.1%	17.2%	18.9%	21.6%	20.6%	19.0%	10.5%
Other Income ⓘ	206	316	495	429	332	266	259	296	477	483
Interest ⓘ	632	704	782	791	998	1,643	2,060	2,295	2,963	3,852
Depreciation ⓘ	425	676	672	675	881	2,012	2,173	2,359	2,547	2,763
Exceptional Items ⓘ	-3	-129	-81	-63	-451	-623	-238	-324	-170	-252
Profit Before Tax ⓘ	1,410	1,117	1,922	2,305	1,773	2,764	4,181	4,966	5,150	-2,087
Tax ⓘ	244	165	189	275	198	586	686	529	736	-209
Profit After Tax	1,166	952	1,733	2,030	1,575	2,178	3,495	4,437	4,414	-1,878
PAT Margin (%)	9.6%	6.8%	10.6%	11.7%	7.2%	6.1%	9.0%	9.6%	8.2%	-4.4%
Adjusted EPS (₹)	17.8	14.6	22.8	26.4	19.5	23.2	37.5	47.4	47.6	-16.0
Dividend Payout Ratio (%)	19%	23%	21%	20%	27%	26%	27%	21%	21%	-6%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	5,860	2,090	7,395	9,169	14,715	19,283	20,886	21,655	26,838	24,787
Share Capital ⓘ	86	86	183	102	102	3,139	3,139	153	150	150
Reserves ⓘ	5,775	2,004	7,212	9,067	14,613	16,144	17,747	21,502	26,688	24,637
Minority Interest	44	44	33	19	3454	3312	3693	4647	5585	4913
Debt	2,781	4,771	6,058	6,507	28,860	28,669	23,661	28,708	24,349	31,424
Long Term Debt	1,694	2,266	5,350	5,873	26,382	27,371	22,141	24,591	23,130	26,996
Short Term Debt	1,087	2,505	708	634	2,478	1,298	1,520	4,117	1,219	4,428
Trade Payables	3,212	3,954	4,875	5,675	9,847	10,233	12,759	16,552	17,614	15,684
Others Liabilities ⓘ	2,386	5,620	1,350	1,144	5,559	6,933	7,766	9,041	11,530	7,143
Total Liabilities ⓘ	14,284	16,479	19,711	22,514	62,435	68,430	68,765	80,603	85,916	83,951
Fixed Assets
Gross Block	7,984	9,732	10,025	11,220	41,123	45,999	47,040	50,063	54,768	57,586
Accumulated Depreciation	3,954	5,870	5,954	6,783	8,974	10,677	12,275	13,870	16,055	18,530
Net Fixed Assetsⓘ	4,031	3,862	4,071	4,437	32,149	35,322	34,765	36,193	38,713	39,056
CWIP ⓘ	583	484	792	1,319	1,855	2,073	2,117	2,501	2,818	2,965
Investmentsⓘ	764	335	378	1,034	708	558	618	1,922	1,615	2,154
Inventories	2,938	3,787	4,156	4,538	9,133	7,850	9,422	13,078	13,985	12,776
Trade Receivables	3,793	5,100	5,656	6,056	11,679	11,867	12,145	15,328	18,224	16,354
Cash Equivalents	1,010	1,189	2,895	2,894	2,851	6,752	4,853	6,120	6,097	6,036
Others Assetsⓘ	1,166	1,722	1,763	2,236	4,060	4,008	4,845	5,461	4,464	4,610
Total Assets ⓘ	14,284	16,479	19,711	22,514	62,435	68,430	68,765	80,603	85,916	83,951

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	1,409	1,396	2,585	2,839	2,356	8,739	7,212	6,496	7,751	1,822
PBT ⓘ	1,418	1,331	2,022	2,461	2,210	2,764	4,181	4,966	5,150	-2,087
Adjustment ⓘ	876	1,272	923	1,010	1,515	3,744	3,970	4,301	5,232	6,323
Changes in Working Capital ⓘ	-553	-704	44	-322	-564	3050	-214	-1767	-1369	-1271
Tax Paid ⓘ	-278	-442	-341	-249	-354	-819	-725	-1,004	-1,262	-1,143
Cash Flow From Investing Activity ⓘ	-331	-1,719	-999	-2,093	-30,920	-2,643	-2,101	-3,819	-1,490	-2,478
Capex	-775	-1,012	-1,203	-1,404	-1,553	-1,935	-2,065	-2,565	-2,289	-1,954
Net Investments	102	-316	-13	-752	-135	-100	-30	-1,410	681	-797
Others ⓘ	342	-391	217	63	-29,232	-608	-6	156	118	273
Cash Flow From Financing Activityⓘ	-991	469	140	-801	28,894	-2,175	-6,713	-1,921	-6,227	164
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-550	354	2,900	330	20,658	-1,667	-4,364	-1,271	-1,701	1,652
Interest Paid ⓘ	-739	-586	-711	-717	-1,007	-1,646	-1,655	-1,941	-2,345	-3,405
Dividend Paid ⓘ	-183	-229	-228	-369	-424	-457	-458	-922	-750	-749
Others ⓘ	481	930	-1,821	-45	9,667	1,595	-236	2,213	-1,431	2,666
Net Cash Flow ⓘ	86	146	1,726	-55	330	3,921	-1,602	756	34	-492

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	21	23.95	36.86	24.63	13.19	14.05	20.44	22.43	18.2	-7.28
ROCE (%)	23.03	17.95	21.71	20.94	9.29	9.6	13.47	15.26	15.7	3.24
Asset Turnover Ratio	0.89	0.93	0.92	1.01	0.61	0.64	0.66	0.73	0.77	0.63
PAT to CFO Conversion(x)	1.21	1.47	1.49	1.4	1.5	4.01	2.06	1.46	1.76	N/A
Working Capital Days
Receivable Days	106	113	118	100	126	102	96	92	95	119
Inventory Days	82	86	87	74	97	74	69	75	77	92
Payable Days	179	193	206	237	260	196	220	242	229	248

UPL Ltd Stock News

UPL Ltd FAQs

What is the share price of UPL?

Company share prices are keep on changing according to the market conditions. The closing price of UPL on 21-Nov-2024 14:21 is ₹564.4.

What is the market cap of UPL?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 14:21 the market cap of UPL stood at ₹41,047.

What is the P/E ratio of UPL?

The latest P/E ratio of UPL as of 21-Nov-2024 14:21 is 306.3.

What is the P/B ratio of UPL?

The latest P/B ratio of UPL as of 21-Nov-2024 14:21 is 5.36.

What is the 52-week high and low of UPL?

The 52-week high of UPL is ₹625.0 and the 52-week low is ₹448.0.

What is the TTM revenue of UPL?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of UPL is ₹5,766 ( Cr.) .

About UPL Ltd

UPL is global leader in global food systems as one of the top five agricultural solutions companies worldwide. It is the 5th agrochemical company in the world, after the acquisition of Arysta LifeScience. The company is present in many countries. The company has market access of the world’s food basket and is focused on ushering growth and progress for the complete agricultural value chain including growers, distributors, suppliers and innovation partners. As a new company, the company offer an integrated portfolio of both patented and post-patent agricultural solutions for various arable and specialty crops, including biological, crop protection, seed treatment and post-harvest solutions covering the entire crop value chain.

Business area of the company

The Company is engaged into manufacturing of agrochemicals, industrial chemicals and production and sale of vegetable and field crops.

Technologies

Seeds
Crop Protection
Plant Stress and Stimulation
Post Harvest
Soil & Water Technologies
Aquatics

Services

ProNutiva
Farmer Engagement

Awards

2008: Rolta Corporate Award 2008
2009: Lifetime Achievement Award from CHEMXCIL
2010: Finalist Nomination Award of Ernst & Young Entrepreneur of the Year
2012: ‘Agriculture Leadership’ award for Rajju Shroff and Vikram Shrof
2013: Ernst & Young ‘Entrepreneur of the Year’ award
2014: ESR Award for UPL Mexico.
2016: Piyush Goyal, Minister of States for Power felicitates UPL Jhagadia site, the winner of Golden Peacock awards 2016.
2017: UPL Jhagadia won the silver ‘EKDKN Exceed Award 2017’.
2018: Frost & Sullivan - TERI Sustainability 4.0 Awards 2018 - 1st Runner-up, Challengers category
2018: Frost & Sullivan and TERI Sustainability 4.0 Awards 2018 - Challengers Award - Large Business, Process Sector
2018: Gold Award ‘Brands for Environment’ for year 2018 - Top 10 Environment Friendly Factories in the country
2018: Gold Award ‘Friendly Green Factory’ for Year 2018 - ‘TOP 20 Clean and Green Factory’ in Country
2018: Gold Award ‘Sustainable development’ for Year 2018 - ‘Top 20 Factory for sustainable development, innovation and Systems’ in the country
2018: Outstanding business award, India Manufacturing Excellence Award (IMEA) 2018 by Frost & Sullivan - Gold Certificate of Merit
2018: India Green Manufacturing Challenge (IGMC) by Frost & Sullivan - Silver Award
2018: National Awards for Manufacturing Competitiveness, (NAMC 2017- 2018) - Gold medal.
2019: Frost and Sullivan Gold Award for Excellence in Manufacturing Practices in the category of Process Sector, Mega Large Business
2019: Frost & Sullivan-TERI Sustainability 4.0 Awards
2019: National Awards for Manufacturing Competitiveness (NAMC) ‘Gold’ Medal
2019: Quality Circle Forums of India Awards: Won Golds and Silvers across India operations
2019: The South Gujarat Chamber of Commerce & Industry (SGCCI) Gold Award
2019: Platinum Award in Occupational Health & Safety Management by Apex India Foundation
2019: Gold Peacock Occupational Health and Safety Awards
2019: Best Health Care Institution of the year award to Sandra Shroff ROFEL College of Nursing
2020: Awarded an Agrow Award in the category of 'Best Company From an Emerging Region' during the 2020 Crop Science Forum & Awards.

Milestones

1969: Started manufacturing Red Phosphorus.
1972: President’s Gold seal for Research and Development.
1976: Entry into Agchem.
1976: Started exporting products.
1980: Started production of yellow Phosphorus, Ankleshwar.
1984: Listed on India’s stock exchanges.
1994: acquisition of MTM Agrochemical, UK-First international acquisition operation commenced in Jhagada.
1996: Started Caustic Chlorine Plant.
1997: Dervrinol- ROW.
2000: Product acquisition of Dervrinol Japan by UPL.
2004: Product acquisition of Surflan USA, by UPL.
2004: Product acquisition of Ultra Blazer, Worldwide, by UPL.
2004: Product acquisition of Lenacil, Chloridazon, Europe, by UPL.
2005: Cequisa, Europe.
2005: SWAL acquisition.
2005: Reposa, Argentina.
2005: First EMR registered (SAAF).
2006: Cerexagri.
2006: Advanta.
2006: CropServe.
2007: EvoFarm, Colombia.
2007: Icona.
2008: Evofarm, Group.
2010: Acquired RiceCo for leveraging the global sales and marketing network for the rice segment.
2010: Acquired Manzate brand, strengthening its fungicide portfolio.
2011: DVA Agro, with 51% stake.
2012: Acquired DVA Agro and SIB for gaining entry into Brazil
2013: Neo-Fog, SA & JPB Courtage, France.
2014: Increase stake in UPL Brazil (73%).
2014: Crossed Rs 100 billion mark in revenues.
2014: Optima Farm Solution Ltd, India.
2015: Increase stake in UPL Brazil (100%).
2015: Sinagro Stake- 40%.
2015: Close to $2 billion in revenue.
2016: Crossed $2 billion in revenues.
2016: Crossed 5000 mark in registration.
2016: Merger with former associate, Advanta Seeds.
2017: $2.5 billion in revenue.
2018: UPL announces acquisition of Costa Rica’s Bioquim Group.
2019-20: Acquisition of Laoting Yoloo Bio-technology Co. Ltd.
2019-20: Launched an initiative for using drones, Unmanned Aerial Vehicles (UAVs) and other aerial/vision technologies to make recommendation to growers.
2019-20: Launched Adarsh Farm Service (AFS) in India, which uses state-of-the-art spraying machines specially adapted to small farms.
2019-20: Acquired Arysta LifeScience in an all-cash $4.2 billion deal.
2020-21: FIFA Foundation and UPL sign memorandum of understanding to promote sustainable development and education through football.
2020-21: UPL joins The Heart Fund’s One Billion Hearts Platform to provide cardiovascular health for 1 billion people by 2030.
2020-21: UPL joins The Heart Fund’s One Billion Hearts Platform to provide cardiovascular health for 1 billion people by 2030.