UPL Ltd
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.
- Market Cap ₹ 43,077 Cr.
- Current Price ₹ 574
- High / Low ₹ 807 / 528
- Stock P/E 32.3
- Book Value ₹ 99.8
- Dividend Yield 1.73 %
- ROCE 20.0 %
- ROE 12.6 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 163%
Cons
- Company has a low return on equity of 10.1% over last 3 years.
- Earnings include an other income of Rs.1,154 Cr.
- Company's cost of borrowing seems high
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,316 | 3,939 | 4,968 | 5,335 | 5,981 | 6,939 | 7,263 | 8,660 | 9,641 | 11,345 | 16,449 | 18,783 | 15,686 | |
2,844 | 3,513 | 4,303 | 4,793 | 5,143 | 5,996 | 6,314 | 7,821 | 8,436 | 9,725 | 14,392 | 16,499 | 13,923 | |
Operating Profit | 471 | 427 | 666 | 542 | 838 | 943 | 949 | 839 | 1,205 | 1,620 | 2,057 | 2,284 | 1,763 |
OPM % | 14% | 11% | 13% | 10% | 14% | 14% | 13% | 10% | 12% | 14% | 13% | 12% | 11% |
144 | 130 | 298 | 260 | 481 | 279 | 428 | 556 | 496 | 98 | 625 | 450 | 1,154 | |
Interest | 164 | 101 | 242 | 35 | 192 | 149 | 135 | 185 | 272 | 307 | 377 | 499 | 462 |
Depreciation | 143 | 158 | 169 | 187 | 619 | 655 | 666 | 724 | 891 | 977 | 1,044 | 951 | 746 |
Profit before tax | 307 | 297 | 552 | 581 | 508 | 418 | 576 | 486 | 538 | 434 | 1,261 | 1,284 | 1,709 |
Tax % | 26% | 30% | 25% | 20% | 24% | 41% | 5% | 17% | 14% | 49% | 7% | 24% | |
227 | 208 | 416 | 463 | 385 | 245 | 548 | 405 | 461 | 220 | 1,176 | 975 | 1,333 | |
EPS in Rs | 3.28 | 3.13 | 6.47 | 7.21 | 5.99 | 3.22 | 7.19 | 5.30 | 6.03 | 2.88 | 15.39 | 12.99 | 17.76 |
Dividend Payout % | 51% | 53% | 41% | 46% | 56% | 144% | 74% | 101% | 100% | 348% | 65% | 77% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 21% |
3 Years: | 25% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 12% |
3 Years: | 27% |
TTM: | -16% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 2% |
3 Years: | 10% |
1 Year: | -27% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 10% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 92 | 89 | 86 | 86 | 86 | 101 | 102 | 102 | 153 | 153 | 153 | 150 | 150 |
Reserves | 3,414 | 3,269 | 3,222 | 3,438 | 7,661 | 7,567 | 7,867 | 7,870 | 7,871 | 7,633 | 8,048 | 6,918 | 7,344 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 82 | 0 | 0 | 0 | 0 | 0 | 0 | |
1,594 | 2,038 | 1,420 | 1,377 | 1,650 | 848 | 1,122 | 1,638 | 1,112 | 1,329 | 1,778 | 617 | 1,619 | |
1,164 | 1,620 | 2,355 | 2,739 | 2,362 | 2,831 | 2,959 | 4,293 | 4,692 | 6,168 | 9,654 | 10,259 | 9,393 | |
Total Liabilities | 6,264 | 7,016 | 7,083 | 7,639 | 11,759 | 11,347 | 12,050 | 13,903 | 13,828 | 15,283 | 19,633 | 17,944 | 18,506 |
1,375 | 1,350 | 1,572 | 1,649 | 5,397 | 5,116 | 4,902 | 4,981 | 5,354 | 5,598 | 5,477 | 4,319 | 4,399 | |
CWIP | 114 | 236 | 118 | 370 | 209 | 272 | 663 | 889 | 886 | 722 | 909 | 867 | 844 |
Investments | 782 | 904 | 671 | 873 | 588 | 593 | 594 | 1,441 | 1,406 | 1,441 | 2,374 | 3,208 | 3,376 |
3,993 | 4,525 | 4,721 | 4,747 | 5,565 | 5,366 | 5,891 | 6,592 | 6,182 | 7,522 | 10,873 | 9,550 | 9,887 | |
Total Assets | 6,264 | 7,016 | 7,083 | 7,639 | 11,759 | 11,347 | 12,050 | 13,903 | 13,828 | 15,283 | 19,633 | 17,944 | 18,506 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
20 | 190 | 1,139 | 497 | -63 | 1,021 | 497 | 664 | 1,773 | 1,820 | 2,349 | 1,667 | |
1,066 | -63 | -84 | -131 | 364 | 268 | -305 | -439 | -435 | -1,175 | -1,481 | 1,210 | |
-1,256 | -21 | -1,199 | -459 | -322 | -1,295 | -158 | -241 | -1,277 | -502 | -643 | -2,689 | |
Net Cash Flow | -170 | 105 | -144 | -93 | -21 | -6 | 34 | -16 | 61 | 143 | 225 | 188 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 153 | 167 | 104 | 97 | 114 | 103 | 101 | 115 | 120 | 130 | 124 | 111 |
Inventory Days | 113 | 105 | 120 | 152 | 156 | 137 | 135 | 133 | 86 | 113 | 108 | 53 |
Days Payable | 127 | 160 | 188 | 222 | 212 | 220 | 219 | 202 | 216 | 259 | 238 | 210 |
Cash Conversion Cycle | 139 | 113 | 35 | 27 | 57 | 19 | 18 | 47 | -10 | -16 | -7 | -47 |
Working Capital Days | 194 | 176 | 75 | 57 | 100 | 75 | 78 | 66 | 37 | 32 | 33 | 8 |
ROCE % | 9% | 7% | 16% | 13% | 10% | 7% | 8% | 7% | 9% | 8% | 17% | 20% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Acquisition
2d - Letter dated 28th November, 2023 relating to incorporation of step down subsidiary in Mauritius.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Nov
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Announcement under Regulation 30 (LODR)-Acquisition
22 Nov - Letter dated 22nd November, 2023 relating to incorporation of a subsidiary in South Africa.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Nov 2023Transcript PPT
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Jan 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Oct 2021Transcript PPT
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Oct 2020Transcript PPT
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Jul 2020Transcript PPT
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May 2020TranscriptNotesPPT
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Nov 2019Transcript PPT
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Aug 2019TranscriptPPT
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Oct 2018Transcript PPT
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Aug 2018Transcript PPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
Global Leadership
UPL has its presence across 138+ nations and is the 5th largest Agro chemical company and 4th largest seed manufacturing company in the world. UPL has market access to 90% of the world’s food basket and is a global provider of sustainable agriculture products and solutions with annual revenue exceeding 5 Bln $. [1] [2]