NSEI:UPL

Stock Analysis Report

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Executive Summary

UPL Limited manufactures and markets crop solutions in India and internationally. More Details


Snowflake Analysis

Solid track record established dividend payer.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.8%

UPL

0.8%

IN Chemicals

-1.1%

IN Market


1 Year Return

-24.4%

UPL

16.3%

IN Chemicals

-1.4%

IN Market

Return vs Industry: UPL underperformed the Indian Chemicals industry which returned 16.3% over the past year.

Return vs Market: UPL underperformed the Indian Market which returned -1.4% over the past year.


Shareholder returns

UPLIndustryMarket
7 Day-0.8%0.8%-1.1%
30 Day-8.6%2.5%2.0%
90 Day-5.7%14.0%6.4%
1 Year-23.5%-24.4%18.9%16.3%0.4%-1.4%
3 Year-10.4%-13.2%36.0%27.6%-3.9%-8.6%
5 Year61.6%53.8%140.2%120.2%38.9%28.5%

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

Valuation

Is UPL undervalued compared to its fair value and its price relative to the market?

30.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UPL (₹450.75) is trading below our estimate of fair value (₹644.83)

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 (16.9x) compared to the IN Chemicals industry average (15.3x).

PE vs Market: UPL is poor value based on its PE Ratio (16.9x) compared to the Indian market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: UPL is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: UPL is overvalued based on its PB Ratio (1.8x) compared to the IN Chemicals industry average (1.2x).


Next Steps

Future Growth

How is UPL forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

21.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UPL's forecast earnings growth (21.5% per year) is above the savings rate (7.2%).

Earnings vs Market: UPL's earnings (21.5% per year) are forecast to grow slower than the Indian market (25.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: UPL's revenue (8.4% per year) is forecast to grow slower than the Indian market (11.3% per year).

High Growth Revenue: UPL's revenue (8.4% 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 (17.6%).


Next Steps

Past Performance

How has UPL performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UPL has high quality earnings.

Growing Profit Margin: UPL's current net profit margins (5.7%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: UPL's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: UPL's earnings growth over the past year (83.5%) exceeds its 5-year average (6.1% per year).

Earnings vs Industry: UPL earnings growth over the past year (83.5%) exceeded the Chemicals industry -1.9%.


Return on Equity

High ROE: UPL's Return on Equity (11%) is considered low.


Next Steps

Financial Health

How is UPL's financial position?


Financial Position Analysis

Short Term Liabilities: UPL's short term assets (₹292.4B) exceed its short term liabilities (₹166.9B).

Long Term Liabilities: UPL's short term assets (₹292.4B) do not cover its long term liabilities (₹308.0B).


Debt to Equity History and Analysis

Debt Level: UPL's debt to equity ratio (126.8%) is considered high.

Reducing Debt: UPL's debt to equity ratio has increased from 55.8% to 126.8% over the past 5 years.

Debt Coverage: UPL's debt is well covered by operating cash flow (30.5%).

Interest Coverage: UPL's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

What is UPL current dividend yield, its reliability and sustainability?

1.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UPL's dividend (1.33%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: UPL's dividend (1.33%) is low compared to the top 25% of dividend payers in the Indian market (2.31%).


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 low payout ratio (22.5%), 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 (22% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.8yrs

Average management tenure


CEO

Jai Rajnikant Shroff (55 yo)

no data

Tenure

₹570,000,000

Compensation

Mr. Jaidev Rajnikant Shroff, also known as Jai, B.Sc., is a Promoter of Pacific Seeds (Thai) Ltd. Mr. Shroff has been Global Chief Executive Officer and Non-Executive Director at UPL Limited (formerly know ...


Leadership Team

NamePositionTenureCompensationOwnership
Rajnikant Shroff
Executive Chairman & MDno data₹137.29m0.0020%
₹ 6.7m
Jaidev Rajnikant Shroff
Global CEO & Non-Executive Directorno data₹570.00m1.07%
₹ 3.7b
Arun Ashar
Director of Finance & Whole-time Director27.58yrs₹31.20mno data
Anand Vora
Global Chief Financial Officer7.17yrs₹60.00m0.0033%
₹ 11.4m
Rajendra Darak
Group Chief Financial Officerno data₹12.46mno data
Rahul Jadhav
Senior General Manager of Accounts28.08yrsno datano data
Adrian Percy
Chief Technology Officer1.08yrsno datano data
A. Balaji
Chief Information Officerno datano datano data
Radhika Arora
Head of Investor Relationsno datano datano data
Rohit Kumar
Global General Counselno datano datano data
Sandeep Deshmukh
Company Secretary & Compliance Officer0.92yrno datano data
Ashish Dobhal
Senior General Manager of Global Sales Operations17.58yrsno datano data

7.8yrs

Average Tenure

55yo

Average Age

Experienced Management: UPL's management team is seasoned and experienced (7.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rajnikant Shroff
Executive Chairman & MDno data₹137.29m0.0020%
₹ 6.7m
Jaidev Rajnikant Shroff
Global CEO & Non-Executive Directorno data₹570.00m1.07%
₹ 3.7b
Arun Ashar
Director of Finance & Whole-time Director27.58yrs₹31.20mno data
Pradeep Goyal
Non-Executive Independent Director18.75yrs₹1.23mno data
Reena Ramachandran
Independent Non Executive Director17yrs₹1.26mno data
Hardeep Singh
Independent & Non-Executive Director5.58yrs₹1.36m0.0064%
₹ 22.0m
Vikram Shroff
Non-Executive & Non-Independent Director14.5yrs₹280.00m0.88%
₹ 3.0b
Vasant Gandhi
Independent & Non-Executive Director4.92yrs₹508.10kno data
Usha Rao-Monari
Additional Non-Executive & Independent Director0.83yr₹328.10kno data

15.8yrs

Average Tenure

66yo

Average Age

Experienced Board: UPL's board of directors are seasoned and experienced ( 15.8 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.


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: ₹344.241b
  • Shares outstanding: 764.05m
  • Website: https://www.upl-ltd.com

Number of Employees


Location

  • UPL Limited
  • UPL House, 610 B/2
  • Bandra Village
  • Mumbai
  • Maharashtra
  • 400051
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
512070BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 1996
UPLNSEI (National Stock Exchange of India)YesEquity SharesININRMay 1996

Biography

UPL Limited manufactures and markets crop solutions in India and internationally. It operates through two segments, Agro Activity and Non-agro Activity. The company offers sorghum, forages, corn, canola, s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 12:42
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.