Buy UPL, price target Rs 610: Kunal Bothra

Kunal Bothra of Independent Analyst has a buy call on UPL Ltd. with a target price of Rs 610.0 . The current price of UPL Ltd. is Rs 568.8 . Kunal Bothra recommended to keep a stoploss at Rs 555 .

UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 43065.42 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 30-09-2019, the company has reported a Consolidated sales of Rs 7817.00 Crore, down -1.13 % from last quarter Sales of Rs 7906.00 Crore and up 83.63 % from last year same quarter Sales of Rs 4257.00 Crore Company has reported net profit after tax of Rs 111.00 Crore in latest quarter.

The company’s top management includes Dr.Reena Ramachandran, Mr.A C Ashar, Mr.Hardeep Singh, Mr.J R Shroff, Mr.Pradeep Goyal, Mr.R D Shroff, Mr.V R Shroff, Mr.Vasant P Gandhi, Mrs.S R Shroff, Ms.Usha Rao Monari. Company has B S R & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 764,022,956 shares outstanding.