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UPL Share Price Target
UPL Ltd.
Sector: Chemicals
Sector: Chemicals
UPL Share Price *
517.25 -18.65 (-3.48%)
* (quote may be delayed)
UPL Share Price Forecast - Consensus
| No. of reports in last year | 25 |
| No. of analysts | 11 |
| Average Consensus Forecast | 658.91 |
| Consensus Potential | 16.23% |
UPL Share Price Target - Broker Reports - 2019
Prabhudas Lilladher
13-Aug-19
Price @ Call: 533.35
Target: 745
BUY
Behemoth in the making
UPL’s FY19 annual report highlighted a) potential opportunities in Arysta Lifescience, b) its initiatives towards manufacturing key molecules and achieving self-sufficiency, c) immense growth prospects for glufosinate and its swelling product portfolio backed by strong R&D. Acquisition of Arysta Lifescience helped UPL establish as a global leader in crop protection products. The strength of UPL lies in manufacturing, proprietary off-patent & specialty products, deep marketing reach and R&D capabilities. UPL is working on building competences for expanding digital services and processes by investing in artificial intelligence tools to analyse customer needs, using robotic sensors to access real-time on-field farmer data etc. Continued focus on resistance management, cost leadership along with proprietary/generic products, diversified presence across all crops & geographies helped UPL to outperform industry growth as well as mitigate the impact of volatility arising out of trade wars and natural calamities. Maintain Buy with revise target price of Rs745 based on 8.5x FY21E EV/EBITDA (Previous – Rs752).
UPL’s FY19 annual report highlighted a) potential opportunities in Arysta Lifescience, b) its initiatives towards manufacturing key molecules and achieving self-sufficiency, c) immense growth prospects for glufosinate and its swelling product portfolio backed by strong R&D. Acquisition of Arysta Lifescience helped UPL establish as a global leader in crop protection products. The strength of UPL lies in manufacturing, proprietary off-patent & specialty products, deep marketing reach and R&D capabilities. UPL is working on building competences for expanding digital services and processes by investing in artificial intelligence tools to analyse customer needs, using robotic sensors to access real-time on-field farmer data etc. Continued focus on resistance management, cost leadership along with proprietary/generic products, diversified presence across all crops & geographies helped UPL to outperform industry growth as well as mitigate the impact of volatility arising out of trade wars and natural calamities. Maintain Buy with revise target price of Rs745 based on 8.5x FY21E EV/EBITDA (Previous – Rs752).
Nirmal Bang
2-Aug-19
Price @ Call: 574.03
Target: 753
BUY
UPL results on track Maintain. Buy UPL has reported financials including Arysta for 1QFY20 vs UPL excluding Arysta in 1QFY19. Financials for 1QFY20 include provisions related to Arsyta deal on inventory (Rs4.2bn) that has affected gross margins, EBITDA and depreciation. The results including these adjustments have come in line with our estimates (which also include the above adjustments) at the EBITDA level. PAT has come in lower because of lower than expected other income. EBITDA margin came in lower at 15.7% vs our estimate of 17.4% on revenue reported at Rs79.1bn (beat of 8%).
Prabhudas Lilladher
1-Aug-19
Price @ Call: 594.5
Target: 752
BUY
UPL’s continuous focus on resistance management, cost leadership alongwith proprietary/generic products, diversified presence across all crops & geographies has enabled it to outperform industry growth plus minimise the impact of volatility arising out of trade wars and natural calamities. We maintain our earnings estimates and expect revenue, EBITDA and APAT to grow at CAGR of 35%, 48% and 29% between FY19-21E. Maintain Buy with target price of Rs 752 based on 8.5x FY21E EV/EBITDA.
Nirmal Bang
26-Jun-19
Price @ Call: 630.25
Target: 752.67
BUY
We believe that some of these concerns are either premature or unsubstantiated at this stage and in any case largely priced in, following the above correction in the stock. The more pertinent concerns are related to accounting, earnings and cashflows from the Arysta business. We maintain our forecasts and upgrade our rating on the stock from Accumulate to Buy based on our TP of Rs1,129 that implies 20.4% upside from CMP.
Dolat Capital
24-May-19
Price @ Call: 673.93
Target: 804
BUY
KRChoksey
23-May-19
Price @ Call: 675.99
Target: 761.33
ACCUMULATE
We believe the growth appears reasonable, given the strong global footing in a consolidating market leading to potentially higher market share and improving margins. We expect revenues to grow at a CAGR of 32.8% over FY19-21E and PAT to grow at a CAGR of 31.5% over FY19-21E. At a CMP of INR 1,016, UPL is trading at a valuation of 17.8x FY20E EPS and 15.8x FY21E EPS. We valued the company by assigning a P/E multiple of 20x on the FY20E EPS of INR 57.1 and arrived at a target price of INR 1,142.0 (potential upside – 12.4% ). We have an ACCUMULATE rating on the stock.
Sharekhan
22-May-19
Price @ Call: 668.67
Target: 724
BUY
Nirmal Bang
21-May-19
Price @ Call: 678.13
Target: 752.67
ACCUMULATE
Motilal Oswal
21-May-19
Price @ Call: 678.13
Target: 711.33
NEUTRAL
Investec Securities
20-May-19
Price @ Call: 646.8
Target: 800
BUY
Prabhudas Lilladher
19-May-19
Price @ Call: 650.37
Target: 751.33
BUY
Nirmal Bang
27-Mar-19
Price @ Call: 602.8
Target: 756
BUY
Motilal Oswal
13-Mar-19
Price @ Call: 597.4
Target: 690
BUY
Prabhudas Lilladher
5-Feb-19
Price @ Call: 513.83
Target: 650
BUY
Motilal Oswal
5-Feb-19
Price @ Call: 513.83
Target: 628.67
BUY
Motilal Oswal
24-Jan-19
Price @ Call: 508.73
Target: 603.33
BUY
Karvy Stock Broking
11-Jan-19
Price @ Call: 521.79
Target: 669.33
BUY
Geojit Financial Services
10-Jan-19
Price @ Call: 516.57
Target: 536.67
HOLD
UPL Share Price Target - Broker Reports - 2018
Sharekhan
18-Dec-18
Price @ Call: 498.77
Target: 518
HOLD
Motilal Oswal
28-Nov-18
Price @ Call: 511.5
Target: 616
BUY
Geojit Financial Services
30-Oct-18
Price @ Call: 424.24
Target: 526.67
BUY
Nalanda Securities
29-Oct-18
Price @ Call: 414.47
Target: 518.67
BUY
HDFC Securities
29-Oct-18
Price @ Call: 417.56
Target: 479.33
BUY
Sharekhan
27-Oct-18
Price @ Call: 406.06
Target: 473.33
BUY
Motilal Oswal
27-Oct-18
Price @ Call: 406.06
Target: 499.33
BUY
KRChoksey
3-Aug-18
Price @ Call: 424.07
Target: 508.67
BUY
HDFC Securities
2-Aug-18
Price @ Call: 427.23
Target: 466.67
BUY
Motilal Oswal
1-Aug-18
Price @ Call: 428.93
Target: 499.33
BUY
Edelweiss
1-Aug-18
Price @ Call: 428.93
Target: 449.33
BUY
Sharekhan
24-Jul-18
Price @ Call: 408.16
Target: 490
BUY
Edelweiss
23-Jul-18
Price @ Call: 366.83
Target: 449.33
BUY
Motilal Oswal
20-Jul-18
Price @ Call: 364.77
Target: 442.67
BUY
Investec Securities
16-Jul-18
Price @ Call: 375.83
Target: 523.33
BUY
Sharekhan
19-Jun-18
Price @ Call: 462
Target: 638.67
BUY
KRChoksey
2-May-18
Price @ Call: 490.61
Target: 665.33
BUY
Edelweiss
2-May-18
Price @ Call: 487.77
Target: 658.67
BUY
JM Financial
30-Apr-18
Price @ Call: 488.93
Target: 620
BUY
HDFC Securities
30-Apr-18
Price @ Call: 488.93
Target: 567.33
BUY
Investec Securities
30-Apr-18
Price @ Call: 502.83
Target: 700
BUY
Dolat Capital
30-Apr-18
Price @ Call: 488.93
Target: 586.67
ACCUMULATE
Motilal Oswal
27-Apr-18
Price @ Call: 504.22
Target: 630
BUY
Motilal Oswal
27-Feb-18
Price @ Call: 719.12
Target: 925
BUY
Indiabulls Ventures
8-Feb-18
Price @ Call: 701.25
Target: 890
BUY
UPL Share Price Target - Broker Reports - 2017
JM Financial
13-Nov-17
Price @ Call: 732.74
Target: 950
BUY
Sharekhan
9-Nov-17
Price @ Call: 736.3
Target: 980
BUY
Edelweiss
31-Oct-17
Price @ Call: 823.25
Target: 963
BUY
Geojit Financial Services
21-Oct-17
Price @ Call: 793.11
Target: 887
BUY
Sharekhan
4-Oct-17
Price @ Call: 795.45
Target: 980
BUY
KRChoksey
1-Aug-17
Price @ Call: 876
Target: 1015
BUY
Edelweiss
31-Jul-17
Price @ Call: 877
Target: 1026
BUY
AnandRathi
3-Jul-17
Price @ Call: 840
Target: 1095
BUY
Geojit Financial Services
9-May-17
Price @ Call: 804
Target: 887
BUY
Kotak Securities
2-May-17
Price @ Call: 805.85
Target: 860
BUY
KRChoksey
2-May-17
Price @ Call: 806
Target: 1015
BUY
Edelweiss
25-Jan-17
Price @ Call: 740
Target: 843
BUY
UPL Share Price Target - Broker Reports - 2016
KRChoksey
2-Nov-16
Price @ Call: 687
Target: 842
BUY
Axis Direct
2-Nov-16
Price @ Call: 698
Target: 740
HOLD
YES Securities
28-Oct-16
Price @ Call: 696
Target: 800
ACCUMULATE
Reliance Securities
19-Jul-16
Price @ Call: 552.6
Target: 630
BUY