UPL Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

UPL Limited (NSE:UPL) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat forecasts, with revenue of ₹120b, some 5.3% above estimates, and statutory earnings per share (EPS) coming in at ₹4.84, 340% ahead of expectations. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on UPL after the latest results.

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Taking into account the latest results, the consensus forecast from UPL's 21 analysts is for revenues of ₹501.4b in 2026. This reflects a modest 5.1% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to jump 25% to ₹30.46. In the lead-up to this report, the analysts had been modelling revenues of ₹500.8b and earnings per share (EPS) of ₹30.35 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

View our latest analysis for UPL

There were no changes to revenue or earnings estimates or the price target of ₹758, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values UPL at ₹895 per share, while the most bearish prices it at ₹580. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting UPL's growth to accelerate, with the forecast 10% annualised growth to the end of 2026 ranking favourably alongside historical growth of 3.4% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 13% annually. So it's clear that despite the acceleration in growth, UPL is expected to grow meaningfully slower than the industry average.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on UPL. Long-term earnings power is much more important than next year's profits. We have forecasts for UPL going out to 2028, and you can see them free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.