Buy UPL Ltd., target Rs 640: Deutsche Bank
The net debt is likely to fall by 40 per cent over FY16-18E to Rs 24.5 billion.
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| Updated: Deutsche Bank has a buy call on UPL Ltd. with a target price of Rs 640. The current market price of UPL Ltd. is 553.8. The time period given by analyst is year, when UPL Ltd. price can reach defined target.
The quality of balance sheet is better than reported, and FCFE yield is also likely to rise to 5 per cent in FY18.
The net debt is likely to fall by 40 per cent over FY16-18E to Rs 24.5bn. Brazil remains the key growth driver driven by market share gains, and new products.
The quality of balance sheet is better than reported, and FCFE yield is also likely to rise to 5 per cent in FY18.
The net debt is likely to fall by 40 per cent over FY16-18E to Rs 24.5bn. Brazil remains the key growth driver driven by market share gains, and new products.
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