UPL Ltd

UPL Ltd

₹ 564 1.07%
12 Jul - close price
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]

  • Market Cap 42,308 Cr.
  • Current Price 564
  • High / Low 647 / 448
  • Stock P/E
  • Book Value 370
  • Dividend Yield 1.77 %
  • ROCE 3.31 %
  • ROE -3.82 %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.07% over last 3 years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
12,796 8,515 10,567 11,297 15,861 10,821 12,507 13,679 16,569 8,963 10,170 9,887 14,078
10,145 6,745 8,636 8,853 12,481 8,675 10,090 10,795 13,847 7,747 9,049 9,820 12,230
Operating Profit 2,651 1,770 1,931 2,444 3,380 2,146 2,417 2,884 2,722 1,216 1,121 67 1,848
OPM % 21% 21% 18% 22% 21% 20% 19% 21% 16% 14% 11% 1% 13%
29 -15 17 31 62 25 35 129 302 58 18 134 66
Interest 421 607 359 529 800 519 644 894 906 700 871 1,191 1,090
Depreciation 576 551 566 600 642 588 608 624 727 636 657 676 794
Profit before tax 1,683 597 1,023 1,346 2,000 1,064 1,200 1,495 1,391 -62 -389 -1,666 30
Tax % 19% -25% 24% 12% 13% 6% 19% 9% 22% 265% 25% 4% 367%
1,361 749 774 1,179 1,735 1,005 969 1,360 1,080 102 -293 -1,607 -80
EPS in Rs 13.91 8.86 8.30 12.25 18.05 11.68 10.84 14.48 10.55 2.21 -2.52 -16.21 0.53
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9,186 10,771 12,091 14,048 16,312 17,378 21,837 35,756 38,694 46,240 53,576 43,098
7,531 8,753 9,728 11,700 13,346 13,966 18,024 28,984 30,342 36,711 43,380 38,801
Operating Profit 1,654 2,018 2,363 2,348 2,966 3,412 3,813 6,772 8,352 9,529 10,196 4,297
OPM % 18% 19% 20% 17% 18% 20% 17% 19% 22% 21% 19% 10%
72 30 -11 149 363 351 -197 -515 62 91 464 231
Interest 429 485 517 704 735 783 963 1,481 2,060 2,295 2,963 3,852
Depreciation 354 407 425 676 672 675 880 2,012 2,173 2,359 2,547 2,763
Profit before tax 944 1,157 1,410 1,117 1,922 2,305 1,773 2,764 4,181 4,966 5,150 -2,087
Tax % 22% 19% 17% 15% 10% 12% 11% 21% 16% 11% 14% 10%
773 957 1,187 952 1,733 2,030 1,575 2,178 3,495 4,437 4,414 -1,878
EPS in Rs 11.67 14.77 17.79 14.62 22.71 26.51 19.52 23.24 37.58 47.46 47.56 -15.99
Dividend Payout % 14% 18% 19% 23% 20% 20% 27% 26% 27% 21% 21% -6%
Compounded Sales Growth
10 Years: 15%
5 Years: 15%
3 Years: 4%
TTM: -20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -130%
Stock Price CAGR
10 Years: 10%
5 Years: -3%
3 Years: -12%
1 Year: -12%
Return on Equity
10 Years: 13%
5 Years: 10%
3 Years: 8%
Last Year: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 89 86 86 86 101 102 102 153 153 153 150 150
Reserves 4,557 5,162 5,775 5,803 7,214 9,067 14,613 19,129 20,734 24,508 29,694 27,643
4,203 3,349 3,281 5,258 6,443 6,638 29,139 29,388 24,519 26,746 23,985 29,754
3,487 4,162 5,143 5,722 6,454 7,148 18,581 19,758 23,359 29,196 32,286 29,999
Total Liabilities 12,336 12,759 14,284 16,869 20,212 22,955 62,435 68,428 68,765 80,603 86,115 87,546
3,489 3,821 4,031 3,862 4,071 4,437 32,149 35,321 34,765 36,193 38,713 40,915
CWIP 378 228 583 484 792 1,319 1,855 2,073 2,117 2,501 2,818 1,106
Investments 1,025 737 764 335 378 1,034 708 558 618 1,922 1,624 2,154
7,444 7,973 8,906 12,188 14,971 16,165 27,723 30,476 31,265 39,987 42,960 43,371
Total Assets 12,336 12,759 14,284 16,869 20,212 22,955 62,435 68,428 68,765 80,603 86,115 87,546

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,699 1,441 1,409 1,396 2,585 2,839 2,356 8,739 7,212 6,496 7,751 1,822
-765 -427 -463 -1,734 -1,022 -2,059 -31,282 -2,666 -2,426 -3,575 -1,354 -2,478
-72 -1,680 -991 469 140 -801 28,893 -2,175 -6,713 -1,921 -6,227 164
Net Cash Flow 862 -667 -45 131 1,703 -21 -33 3,898 -1,927 1,000 170 -492

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 107 109 115 133 127 127 195 121 115 121 124 138
Inventory Days 161 166 178 204 194 204 306 153 180 216 187 190
Days Payable 163 181 195 213 228 255 330 199 244 274 236 234
Cash Conversion Cycle 104 95 98 124 93 76 171 75 51 64 76 95
Working Capital Days 100 85 78 113 99 107 168 72 69 73 68 95
ROCE % 16% 19% 21% 19% 22% 21% 10% 10% 13% 14% 14% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
27.95% 27.95% 28.24% 28.45% 28.96% 28.96% 30.74% 32.34% 32.34% 32.34% 32.34% 32.34%
37.86% 35.12% 34.26% 35.29% 36.44% 35.57% 37.18% 38.69% 37.96% 33.57% 34.39% 33.64%
16.18% 17.98% 18.66% 17.81% 16.47% 17.19% 16.19% 14.39% 15.24% 17.27% 16.82% 15.33%
18.00% 18.95% 18.84% 18.45% 18.14% 18.28% 15.87% 14.54% 14.44% 16.81% 16.44% 18.68%
No. of Shareholders 1,93,7602,37,5552,45,1352,40,0122,45,3702,69,1682,53,0542,53,5482,80,8193,83,2994,08,0284,83,514

* 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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