UPL Limited

BSE:512070 Stock Report

Market Cap: ₹410.5b

UPL Valuation

Is 512070 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 512070 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 512070 (₹545.55) is trading below our estimate of fair value (₹840.26)

Significantly Below Fair Value: 512070 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 512070?

Key metric: As 512070 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 512070. This is calculated by dividing 512070's market cap by their current revenue.
What is 512070's PS Ratio?
PS Ratio0.9x
Sales₹441.22b
Market Cap₹410.47b

Price to Sales Ratio vs Peers

How does 512070's PS Ratio compare to its peers?

The above table shows the PS ratio for 512070 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8x
FACT Fertilisers and Chemicals Travancore
15.4xn/a₹649.1b
COROMANDEL Coromandel International
2.4x9.7%₹517.2b
SUMICHEM Sumitomo Chemical India
9x16.8%₹266.9b
506285 Bayer CropScience
5x10.4%₹254.3b
512070 UPL
0.9x8.3%₹410.5b

Price-To-Sales vs Peers: 512070 is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (8x).

Price to Sales Ratio vs Industry

How does 512070's PS Ratio compare vs other companies in the IN Chemicals Industry?

28 CompaniesPrice / SalesEstimated GrowthMarket Cap
523630 National Fertilizers
0.3xn/aUS$692.02m
500339 Rain Industries
0.3xn/aUS$604.81m
ZUARI Zuari Agro Chemicals
0.3xn/aUS$112.64m
JAYAGROGN Jayant Agro-Organics
0.4xn/aUS$100.01m
512070 0.9xIndustry Avg. 1.8xNo. of Companies51PS01.63.24.86.48+
28 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 512070 is good value based on its Price-To-Sales Ratio (0.9x) compared to the Indian Chemicals industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 512070's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

512070 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio2.6x

Price-To-Sales vs Fair Ratio: 512070 is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (2.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 512070 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹545.55
₹606.83
+11.2%
19.7%₹1,000.00₹406.00n/a22
Nov ’25₹558.20
₹591.23
+5.9%
22.5%₹1,000.00₹380.00n/a22
Oct ’25₹620.80
₹585.30
-5.7%
22.1%₹1,000.00₹380.00n/a23
Sep ’25₹598.30
₹583.35
-2.5%
21.9%₹1,000.00₹380.00n/a23
Aug ’25₹560.25
₹575.54
+2.7%
22.4%₹1,000.00₹380.00n/a24
Jul ’25₹573.40
₹576.46
+0.5%
21.8%₹1,000.00₹380.00n/a26
Jun ’25₹508.75
₹571.85
+12.4%
20.7%₹1,000.00₹380.00n/a27
May ’25₹507.00
₹567.58
+11.9%
21.3%₹1,000.00₹390.00n/a26
Apr ’25₹466.40
₹579.12
+24.2%
22.3%₹1,000.00₹390.00n/a26
Mar ’25₹474.40
₹582.41
+22.8%
21.9%₹1,000.00₹390.00n/a27
Feb ’25₹529.90
₹676.32
+27.6%
15.0%₹1,000.00₹539.00n/a28
Jan ’25₹592.10
₹681.26
+15.1%
14.9%₹1,000.00₹550.00n/a27
Dec ’24₹574.95
₹680.36
+18.3%
15.5%₹1,000.00₹550.00n/a25
Nov ’24₹532.00
₹683.72
+28.5%
15.3%₹1,000.00₹550.00₹558.2025
Oct ’24₹616.25
₹766.28
+24.3%
13.2%₹1,000.00₹643.00₹620.8025
Sep ’24₹603.05
₹761.08
+26.2%
13.7%₹1,000.00₹643.00₹598.3025
Aug ’24₹625.85
₹774.42
+23.7%
13.9%₹1,000.00₹650.00₹560.2524
Jul ’24₹687.25
₹911.26
+32.6%
14.1%₹1,300.00₹690.00₹573.4023
Jun ’24₹678.10
₹910.70
+34.3%
14.0%₹1,300.00₹690.00₹508.7523
May ’24₹739.90
₹989.35
+33.7%
12.7%₹1,300.00₹760.00₹507.0023
Apr ’24₹717.45
₹1,005.23
+40.1%
11.7%₹1,300.00₹800.00₹466.4022
Mar ’24₹713.20
₹1,000.54
+40.3%
11.4%₹1,300.00₹800.00₹474.4024
Feb ’24₹740.20
₹1,003.17
+35.5%
11.7%₹1,300.00₹800.00₹529.9024
Jan ’24₹716.65
₹1,008.63
+40.7%
12.8%₹1,300.00₹780.00₹592.1024
Dec ’23₹778.65
₹1,005.48
+29.1%
12.7%₹1,300.00₹780.00₹574.9525
Nov ’23₹717.05
₹977.00
+36.3%
11.7%₹1,186.00₹740.00₹532.0025

Analyst Forecast: Target price is less than 20% higher than the current share price.

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