loader2
Partner With Us NRI

UPL Ltd share Price Today

Company details

459.45
475.05
447.80
759.95
6M Return -24.81%
1Y Return -31.91%
Mkt Cap.(Cr) 35,653.88
Volume 4,895,765
Div Yield 2.14%
OI
-
OI Chg %
-
Volume 4,895,765

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Agrochemicals company UPL announced Q3FY24 & 9MFY24 results:

  • Q3FY24:
    • Revenue of Rs 9,887 crore, representing a YoY decrease of 28% from Rs 13,679 crore in Q3FY23.
    • Profit for the quarter stood at Rs 2,689 crore, showing a YoY decrease of 54% from Rs 5,831 crore in the same quarter of the previous year.
    • Contribution margin witnessed a decline from 42.6% in Q3FY23 to 27.2% in Q3FY24, reflecting a decrease of 1540 basis points (bps).
    • EBITDA for Q3FY24 was Rs 416 crore, marking an 86% YoY decrease from Rs 3,035 crore in Q3FY23.
    • EBITDA margin also experienced a substantial decline, dropping from 22.2% in Q3FY23 to 4.2% in Q3FY24, representing a reduction of 1800 bps.
  • 9MFY24:
    • Revenue was Rs 29,020 crore, showing a YoY decrease of 22% from Rs 37,007 crore in 9MFY23.
    • Profit for 9MFY24 was Rs 10,847 crore, reflecting a YoY decrease of 32% from Rs 15,889 crore in 9MFY23.
    • Contribution margin decreased from 42.9% in 9MFY23 to 37.4% in 9MFY24, indicating a decline of 556 bps.
    • EBITDA for 9MFY24 was Rs 3,583 crore, representing a YoY decrease of 56% from Rs 8,145 crore in 9MFY23.
    • EBITDA margin dropped from 22.0% in 9MFY23 to 12.3% in 9MFY24, reflecting a decrease of 966 bps.

Commenting on the Q3FY24 performance, Mike Frank, CEO – UPL Corporation, said, “Destocking continued to weigh down the global agrochemical market. Overall, prices remained stable QoQ in the crop protection business but came off significantly vis-à-vis the high base of the previous year amid intense post-patent price competition. Given this backdrop, our Q3 performance was significantly impacted by these headwinds in line with the rest of the industry, which is currently experiencing its worst downturn in decades.

However, we did see a pick-up in volumes in Latin America, and a double-digit growth in revenue in the RoW region. Our high-margin differentiated and sustainable portfolio continued to outperform as the revenue share of this portfolio increased to 37% of crop protection revenue (ex-India) vs 28% last year. Contribution margins too were down only marginally versus last year adjusted for the short-term impact of high-cost inventory liquidation and higher rebates to channel partners.

We continued to implement cost optimization initiatives to align our operations with the new reality, reducing SG&A expenses by 19% YoY in Q3. We are well on track to reduce our SG&A by $100 million in FY25 (from the base of FY23). Going forward, while we are optimistic about a progressively improved performance in Q4FY24 and Q1FY25, we expect normalized business performance from Q2FY25. Our foremost priority is reducing debt. In line with this, we have also recently announced a rights issue of up to $500 million and are exploring capital raise opportunities at platforms in addition to operational cash flows.”

 

Result PDF

View Other Company Results

UPL Ltd shares SWOT Analysis

Strengths (3)

  • Book Value per share Improving for last 2 years
  • Company with Zero Promoter Pledge
  • FII / FPI or Institutions increasing their shareholding

Weakness (8)

  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining profits every quarter for the past 4 quarters

Opportunity (2)

  • Decrease in Provision in recent results
  • Stock with Low PE (PE < = 10)

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 473.0
R2 480.0
R3 485.0
Pivot

468.02

S1 461.0
S2 456.0
S3 449.0
EMA SMA
477.2
501.8
533.3
577.0
477.6
504.7
538.6
584.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 767.9 798693 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 767.9 798693 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 717.55 798694 NSE
Name Category Shares
Nerka Chemicals Pvt Ltd PROMOTER 20.46%
Uniphos Enterprises Limited PROMOTER 5.27%
Suresight Ventures Limited PROMOTER 1.96%
Harmonic Ventures Limited PROMOTER 1.82%
Jaidev Rajnikant Shroff PROMOTER 1.19%
Vikram Rajnikant Shroff PROMOTER 0.96%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

UPL Ltd Stocks COMPARISON

Financials( in Cr) UPL Ltd P I Industries Ltd Bayer CropScience Ltd Sumitomo Chemical India Ltd Rallis India Ltd
Price 475.00 3,644.65 5,027.65 344.10 258.00
% Change 2.79 -0.16 -1.05 -0.20 -0.96
Mcap Cr 35,653.88 55,295.90 22,595.26 17,175.61 5,017.30
Revenue TTM Cr 53,576.00 6,492.00 5,139.70 3,510.97 2,966.97
Net Profit TTM Cr 4,414.00 1,229.50 758.20 502.21 91.94
PE TTM 0.00 35.54 28.51 51.59 50.32
1 Year Return -31.91 19.73 23.95 -20.96 32.85
ROCE 15.20 21.56 32.05 29.85 7.59
ROE 16.20 18.46 25.91 23.31 5.37
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 29,844.00 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,949.36 46,625.05
LAST 3M 62,706.47 30,325.37
LAST 6M 124,059.31 61,387.51
LAST 12M 183,733.61 212,735.20

UPL Ltd Information

Stock PE (TTM)
0
Promoter Holding
32.35%
Book Value
384.5301
ROCE
15.2%
ROE
16.2%
Description
  • UPL Limited is engaged in the business of manufacturing and marketing chemicals for agriculture and industries. Its market capitalization is worth INR46,725.20 Cr. as of 16th April 2021. Founded in 1969 and the company has reported quarterly revenue of INR 2,921.00 Cr. at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 512070 and on the National Stock Exchange (NSE) with the symbol UPL. Headquartered in Mumbai, the company also offers farmer advisory, training and spraying services and claims to make single food sustainable and address the common agricultural problems. United Phosphorus Limited is a global player of crop protection products having a customer base in over 130 countries. The company incorporated in 1969 is the largest producer of agrochemicals in India. It accommodates brands like Saaf, Doom, Samar, Phoskil, UMet, Sweep, Oorja, Saathil and many more. The company holds a majority stake in BEIL (Bharuch Enviro Infrastructure), engaged in solid/ hazardous waste management. The company's diversification is also seen in one of the largest toxic gas detection device manufacturers, CEL (Chemo Electronic Laboratory) and ETL (Enviro Technology), a common effluent treatment plant. The product portfolio of the company broadened even more after 2005-2006. They made their first-ever acquisition in Indian Market, SWAL Corporation Limited, which deals in agrochemicals and fertilizer mixtures. They also acquired Advanta, a seed and seed technology supplier in the Netherlands. The quarterly highlights of the company showed consistent growth of 6-8% in revenue and 10-12% growth in EBITDA. The company aims at leveraging its cost leadership and manufacturing capabilities to make its products more widely available to farmers globally. The company aspires to the long-term growth of 7-10% per annum. During the year, UBL, through its subsidiary, acquired Arysta LifeScience, a global provider of crop protection solutions. For this, the company drew a debt of USD 3 billion from a syndicate of banks. UBL looks ideally positioned for advantages lined up with the increase in the crop protection solutions industry over the term and the vast marketing network brought by the acquisition. As per the announcement in February 2021, UPL Limited was the only company of its sector (crop protection solutions) to be included in S&P Global Sustainability Yearbook, 2021, due to its strong performance.

Registered Address

3-11 GIDC, Dist Valsad, VAPI, Gujarat, 396195

Tel : 91-260-2400717
Email : upl.investors:uniphos.com
Website : http://www.uplonline.com
Registrar

Sharepro Services India P Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 512070
NSE Code : UPL
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE628A01036

FAQ’s on UPL Ltd Shares

You can buy UPL Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy UPL Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 15, 2024 03:09 PM the closing price of UPL Ltd was ₹ 475.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 15, 2024 03:09 PM, the market cap of UPL Ltd stood at ₹ 35,653.88.

The latest PE ratio of UPL Ltd as of Mar 15, 2024 03:09 PM is 0

The latest PB ratio of UPL Ltd as of Mar 15, 2024 03:09 PM is 0.81

The 52-week high of UPL Ltd is ₹ 759.95 while the 52-week low is ₹ 447.80

Download Our

Download App
market app