UPL Ltd

About [ edit ]

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 [ edit ]
  • Market Cap 45,201 Cr.
  • Current Price 592
  • High / Low 674 / 334
  • Stock P/E 17.3
  • Book Value 249
  • Dividend Yield 1.01 %
  • ROCE 10.8 %
  • ROE 13.8 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 24.46%
  • Company's median sales growth is 16.19% of last 10 years

Cons

  • Company might be capitalizing the interest cost
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
5,691 4,134 4,257 4,921 8,525 7,906 7,817 8,892 11,141 7,833 8,939 9,126
4,270 3,337 3,470 3,983 7,234 6,594 6,370 6,790 9,237 6,001 7,272 6,931
Operating Profit 1,421 797 787 938 1,291 1,312 1,447 2,102 1,904 1,832 1,667 2,195
OPM % 25% 19% 18% 19% 15% 17% 19% 24% 17% 23% 19% 24%
Other Income 112 119 -25 -54 -251 -33 -281 -55 -150 42 -136 145
Interest 410 175 181 202 405 398 381 515 187 551 343 745
Depreciation 184 175 181 182 431 446 476 495 595 522 533 542
Profit before tax 939 566 400 500 204 435 309 1,037 972 801 655 1,053
Tax % 18% 9% 29% 6% -15% 18% 32% 19% 22% 18% 17% 10%
Net Profit 736 510 270 461 206 285 166 701 617 551 463 794
EPS in Rs 9.65 6.68 3.53 6.03 2.70 3.73 2.17 9.17 8.08 7.21 6.06 10.39

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
4,802 5,290 5,761 7,671 9,186 10,771 12,091 14,048 16,312 17,378 21,837 35,756 37,039
4,018 4,465 4,708 6,321 7,567 8,795 9,793 11,700 13,398 13,961 18,036 28,992 29,441
Operating Profit 784 825 1,053 1,351 1,619 1,976 2,298 2,348 2,914 3,417 3,801 6,764 7,598
OPM % 16% 16% 18% 18% 18% 18% 19% 17% 18% 20% 17% 19% 21%
Other Income 168 182 137 85 107 73 54 149 415 346 -185 -507 -99
Interest 292 194 312 415 429 485 517 704 735 783 963 1,481 1,826
Depreciation 193 215 214 292 354 407 425 676 672 675 880 2,012 2,192
Profit before tax 468 599 664 729 944 1,157 1,410 1,117 1,922 2,305 1,773 2,764 3,481
Tax % 6% 14% 11% 18% 22% 19% 17% 15% 10% 12% 11% 21%
Net Profit 456 526 558 556 775 950 1,144 940 1,727 2,022 1,491 1,776 2,425
EPS in Rs 6.91 7.98 8.05 8.02 11.67 14.77 17.79 14.62 22.71 26.51 19.52 23.24 31.74
Dividend Payout % 14% 17% 17% 21% 14% 18% 19% 23% 20% 20% 27% 26%
Compounded Sales Growth
10 Years:21%
5 Years:24%
3 Years:30%
TTM:12%
Compounded Profit Growth
10 Years:15%
5 Years:13%
3 Years:6%
TTM:75%
Stock Price CAGR
10 Years:19%
5 Years:11%
3 Years:6%
1 Year:67%
Return on Equity
10 Years:19%
5 Years:20%
3 Years:17%
Last Year:14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
88 88 92 92 89 86 86 86 183 102 102 153 153
Reserves 2,500 2,904 3,634 4,081 4,557 5,162 5,775 2,006 7,214 9,067 14,613 16,143 18,858
Borrowings 2,134 2,419 2,679 3,389 4,203 3,349 3,281 5,258 6,361 6,638 29,139 29,386 32,364
1,718 1,483 1,800 2,713 3,487 4,162 5,143 9,519 6,536 7,148 18,581 22,746 22,599
Total Liabilities 6,440 6,894 8,205 10,275 12,336 12,759 14,284 16,869 20,212 22,955 62,435 68,428 73,974
1,725 1,772 2,321 3,223 3,489 3,821 4,031 3,862 4,071 4,437 32,149 35,321 35,646
CWIP 124 41 57 306 378 228 583 484 792 1,319 1,855 2,073 1,312
Investments 433 761 823 795 1,025 737 764 335 378 1,034 708 558 645
4,157 4,320 5,004 5,952 7,444 7,973 8,906 12,188 14,971 16,165 27,723 30,476 36,371
Total Assets 6,440 6,894 8,205 10,275 12,336 12,759 14,284 16,869 20,212 22,955 62,435 68,428 73,974

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
123 1,294 815 162 1,699 1,441 1,409 1,396 2,585 2,839 2,356 8,739
-440 -241 -895 -680 -765 -427 -463 -1,734 -1,022 -2,059 -31,282 -2,666
162 11 -17 -178 -72 -1,680 -991 469 140 -801 28,893 -2,175
Net Cash Flow -155 1,064 -97 -696 862 -667 -45 131 1,703 -21 -33 3,898

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% 16% 16% 16% 17% 19% 22% 23% 26% 21% 11% 11%
Debtor Days 87 84 94 116 107 109 115 133 127 127 195 121
Inventory Turnover 1.85 2.25 2.59 2.63 2.55 2.58 2.38 2.12 2.05 1.93 1.65 2.26

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
27.75 27.91 27.92 27.89 27.89 27.89 27.89 27.89 27.88 27.88 27.85 27.96
40.70 42.37 41.94 42.80 42.95 43.86 43.51 41.92 40.57 37.16 35.36 37.83
9.26 8.62 9.55 9.10 9.56 10.62 11.13 12.27 12.85 15.92 16.33 15.83
0.24 0.35 0.35 0.35 0.35 0.31 0.31 0.31 0.31 0.31 0.31 0.10
22.05 20.75 20.24 19.86 19.25 17.32 17.16 17.61 18.39 18.73 20.15 18.28

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