Buy UPL, target price Rs 620: Kunal Bothra

Kunal Bothra has a buy call on UPL with a target price of Rs 620. The current market price of UPL is Rs 594.95. Kunal Bothra recommended to keep a stop loss at Rs 575.

UPL key products/revenue segments include agrochemicals which contributed Rs 8,470 crore to sales value (97.80 per cent of total sales), export incentives which contributed Rs 80 crore to sales value (0.92 per cent of total sales), royalty income which contributed Rs 36 crore to sales value (0.41 per cent of total sales), job work which contributed Rs 28 crore to sales value (0.32 per cent of total sales), other operating revenue which contributed Rs 27 crore to sales value (0.31 per cent of total sales) and sale of services which contributed Rs 19 crore to sales value (0.21 per cent of total sales) for the year ending 31 March, 2019.

For the quarter ended 30-06-2019, the company has reported a consolidated sales of Rs 7,906 crore, down 7.26 per cent from last quarter sales of Rs 8,525 crore and up 91.24 per cent from last year same quarter sales of Rs 4,134 crore. The company has reported a net profit after tax of Rs 220 crore in latest quarter. The company’s top management includes Reena Ramachandran, A C Ashar, Hardeep Singh, J R Shroff, Pradeep Goyal, R D Shroff, V R Shroff, Vasant P Gandhi, S R Shroff. The company has B S R & Co. LLP as its auditor. As on 30-06-2019, the company has a total of 509,342,670 shares outstanding.