Executive Summary
UPL Limited manufactures and markets crop solutions worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and fair value.
Similar Companies
Share Price & News
How has UPL's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UPL's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-2.2%
UPL
1.3%
IN Chemicals
-2.2%
IN Market
1 Year Return
-50.8%
UPL
-14.6%
IN Chemicals
-30.7%
IN Market
Return vs Industry: UPL underperformed the Indian Chemicals industry which returned -12.5% over the past year.
Return vs Market: UPL underperformed the Indian Market which returned -29.6% over the past year.
Shareholder returns
| UPL | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.2% | 1.3% | -2.2% |
| 30 Day | -41.4% | -21.7% | -25.9% |
| 90 Day | -48.2% | -18.7% | -30.5% |
| 1 Year | -50.4%-50.8% | -11.0%-14.6% | -29.3%-30.7% |
| 3 Year | -35.3%-37.1% | 11.9%5.0% | -18.8%-23.3% |
| 5 Year | 5.8%1.0% | 63.6%49.4% | -8.7%-13.6% |
Price Volatility Vs. Market
How volatile is UPL's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
A Sliding Share Price Has Us Looking At UPL Limited's (NSE:UPL) P/E Ratio3 weeks ago | Simply Wall St
What Type Of Shareholder Owns UPL Limited's (NSE:UPL)?1 month ago | Simply Wall St
Should You Be Concerned About UPL Limited's (NSE:UPL) ROE?Valuation
Is UPL undervalued compared to its fair value and its price relative to the market?
47.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UPL (₹305.75) is trading below our estimate of fair value (₹591.91)
Significantly Below Fair Value: UPL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UPL is poor value based on its PE Ratio (17.1x) compared to the Chemicals industry average (7.6x).
PE vs Market: UPL is poor value based on its PE Ratio (17.1x) compared to the Indian market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: UPL is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: UPL is overvalued based on its PB Ratio (1.6x) compared to the IN Chemicals industry average (0.8x).
Next Steps
Future Growth
How is UPL forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
25.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UPL's forecast earnings growth (25.9% per year) is above the savings rate (6.5%).
Earnings vs Market: UPL's earnings (25.9% per year) are forecast to grow faster than the Indian market (19.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: UPL's revenue (8.6% per year) is forecast to grow slower than the Indian market (9% per year).
High Growth Revenue: UPL's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UPL's Return on Equity is forecast to be low in 3 years time (19.6%).
Next Steps
Past Performance
How has UPL performed over the past 5 years?
6.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UPL has a large one-off loss of ₹7.5B impacting its December 31 2019 financial results.
Growing Profit Margin: UPL's current net profit margins (4.1%) are lower than last year (10.4%).
Past Earnings Growth Analysis
Earnings Trend: UPL's earnings have grown by 6.6% per year over the past 5 years.
Accelerating Growth: UPL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: UPL had negative earnings growth (-31%) over the past year, making it difficult to compare to the Chemicals industry average (10%).
Return on Equity
High ROE: UPL's Return on Equity (9.4%) is considered low.
Next Steps
Financial Health
How is UPL's financial position?
Financial Position Analysis
Short Term Liabilities: UPL's short term assets (₹265.0B) exceed its short term liabilities (₹162.5B).
Long Term Liabilities: UPL's short term assets (₹265.0B) do not cover its long term liabilities (₹303.1B).
Debt to Equity History and Analysis
Debt Level: UPL's debt to equity ratio (173.4%) is considered high.
Reducing Debt: UPL's debt to equity ratio has increased from 54.7% to 173.4% over the past 5 years.
Debt Coverage: UPL's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: UPL's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
Inventory Level: UPL has a high level of physical assets or inventory.
Debt Coverage by Assets: UPL's debt is not covered by short term assets (assets are 0.9x debt).
Next Steps
Dividend
What is UPL's current dividend yield, its reliability and sustainability?
1.74%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UPL's dividend (1.74%) is higher than the bottom 25% of dividend payers in the Indian market (0.94%).
High Dividend: UPL's dividend (1.74%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).
Stability and Growth of Payments
Stable Dividend: UPL's dividends per share have been stable in the past 10 years.
Growing Dividend: UPL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.9%), UPL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UPL's dividends in 3 years are forecast to be well covered by earnings (26.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.0yrs
Average management tenure
CEO
Jai Rajnikant Shroff (54yo)
no data
Tenure
Mr. Jaidev Rajnikant Shroff, also known as Jai, B.Sc., is a Promoter of Pacific Seeds (Thai) Ltd. Mr. Shroff has been Group Chief Executive Officer and Non-Executive Director at UPL Limited (formerly known ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | no data | ₹133.30m | 0.0020% ₹4.6m | |
| Global CEO & Non-Executive Director | no data | no data | 1.07% ₹2.5b | |
| Chief Information Officer | no data | no data | no data | |
| Global General Counsel | no data | no data | 0.00051% ₹1.2m | |
| Global Chief Human Resource Officer | no data | no data | no data | |
| Chief Operating Officer of Specialty Chemicals | no data | no data | no data | |
| Director of Finance & Executive Director | 27.08yrs | ₹30.30m | no data | |
| Chief Commercial Officer | no data | no data | 0.0029% ₹6.8m | |
| Global Head of Corporate Affairs & Industry Relations | 9yrs | no data | no data | |
| Global Chief Financial Officer | 6.67yrs | no data | 0.0033% ₹7.7m |
8.0yrs
Average Tenure
56yo
Average Age
Experienced Management: UPL's management team is seasoned and experienced (8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | no data | ₹133.30m | 0.0020% ₹4.6m | |
| Global CEO & Non-Executive Director | no data | no data | 1.07% ₹2.5b | |
| Director of Finance & Executive Director | 27.08yrs | ₹30.30m | no data | |
| Non-Executive Vice Chairman | no data | no data | no data | |
| Non-Executive Independent Director | 18.25yrs | ₹1.40m | no data | |
| Independent Non Executive Director | 16.5yrs | ₹1.28m | no data | |
| Independent & Non-Executive Director | 5.17yrs | ₹1.33m | 0.0064% ₹14.9m | |
| Director | 14yrs | no data | 0.88% ₹2.1b | |
| Independent & Non-Executive Director | 4.42yrs | ₹1.33m | no data | |
| Additional Non-Executive & Independent Director | 0.42yr | no data | no data |
15.3yrs
Average Tenure
65yo
Average Age
Experienced Board: UPL's board of directors are seasoned and experienced ( 15.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
UPL Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: UPL Limited
- Ticker: UPL
- Exchange: NSEI
- Founded: 1969
- Industry: Fertilizers and Agricultural Chemicals
- Sector: Materials
- Market Cap: ₹233.798b
- Shares outstanding: 764.05m
- Website: https://www.uplonline.com
Number of Employees
Location
- UPL Limited
- UPL House, 610 B/2
- Bandra Village
- Mumbai
- Maharashtra
- 400051
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 512070 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | May 1996 |
| UPL | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | May 1996 |
Biography
UPL Limited manufactures and markets crop solutions worldwide. The company operates in two segments, Agro Activity and Non-agro Activity. It offers sorghum, forages, corn, canola, sunflower, vegetable, rice, wheat, soya, pearl millet, oats, alfalfa, bio-fumigants, and mustard seeds. The company also provides herbicides; fungicides; insecticides and acaricides; seed treatment products; adjuvants; ProNutiva, a solution for crop protection; and bio-fertilizers, bio-stimulants, and biocontrol products. In addition, it offers post-harvest products; aquatic herbicides and algicides; industrial chemicals and other non-agricultural related products; and farmer advisory and education services, as well as farm services The company was formerly known as United Phosphorus Limited and changed its name to UPL Limited in October 2013. UPL Limited was founded in 1969 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 13:40 |
| End of Day Share Price | 2020/04/01 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.