Buy UPL, price target Rs 420: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on UPL Ltd. with a target price of Rs 420.0 . The current price of UPL Ltd. is Rs 443.55 . Shrikant Chouhan recommended to keep a stoploss at Rs 455 .

UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 33889.24 Crore) operating in Pesticides/Agro Chemicals sector.

UPL Ltd. key Products/Revenue Segments include Agrochemicals which contributed Rs 8470.00 Crore to Sales Value (97.80 % of Total Sales), Export Incentives which contributed Rs 80.00 Crore to Sales Value (0.92 % of Total Sales), Royalty Income which contributed Rs 36.00 Crore to Sales Value (0.41 % of Total Sales), Job Work which contributed Rs 28.00 Crore to Sales Value (0.32 % of Total Sales), Other Operating Revenue which contributed Rs 27.00 Crore to Sales Value (0.31 % of Total Sales) and Sale of services which contributed Rs 19.00 Crore to Sales Value (0.21 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 8892.00 Crore, up 13.75 % from last quarter Sales of Rs 7817.00 Crore and up 80.69 % from last year same quarter Sales of Rs 4921.00 Crore Company has reported net profit after tax of Rs 838.00 Crore in latest quarter.