UPL is a global leader in the agricultural industry, offering a wide range of agrochemicals, industrial chemicals, speciality chemicals, and seeds. With a presence in over 138 countries, UPL provides innovative and sustainable solutions that contribute to global food security and the advancement of the agricultural sector.
As of January 18, 2024, UPL is trading at Rs.545.85 per share with a market cap of Rs.423.72 billion INR
Investors are constantly searching for lucrative possibilities, and selecting the ideal stock to purchase can be challenging. UPL Ltd. is one business that has recently caught the attention of investors. The share price objective for UPL Ltd has drawn a lot of attention in the financial community due to its excellent success in the past and bright future.
This article will examine the share price target for UPL Ltd. from 2023 to 2030 and assess whether it is a worthwhile stock to own. So, continue on if you’re eager to discover more about this business and its potential for development.
What does UPL do?
UPL is a global leader in the agricultural industry, specializing in agrochemicals, industrial chemicals, chemical intermediates, specialty chemicals, and the production and sale of field crops and vegetable seeds. UPL is the 5th largest agrochemical company and the 4th largest seed manufacturer worldwide. The company has market access to 90% of the world’s food basket and generates annual revenue exceeding 5 billion dollars.
UPL offers an extensive range of over 13,600 products, covering seeds, crop protection, and post-harvest solutions, providing a comprehensive offering across the entire agriculture value chain. Committed to sustainability, UPL tackles challenges such as climate change and resource scarcity through research, development, and strategic partnerships.
By empowering farmers with innovative and sustainable products, UPL aims to optimize yields, improve crop quality, and preserve natural resources. With its global reach, comprehensive product portfolio, and dedication to revolutionizing agriculture, UPL is at the forefront of the industry, shaping the future of sustainable farming for a growing world.
UPL Ltd Q2 2023 Results Overview: Net Loss, Revenue Decline, and Strategic Measures
- UPL Ltd reported a Q2 net loss of Rs 189 crore, a significant decline from the Rs 996 crore net profit recorded in the same period last year.
- Revenue for the July-September quarter was Rs 10,170 crore, marking an 18.7% decrease compared to the Rs 12,507 crore reported in the previous year.
- The company’s weak performance is attributed to subdued global demand, inventory destocking, and intense price competition in the agrochemical industry.
- Following the disappointing earnings report, UPL shares fell by 4.4% to Rs 534.20 on the NSE.
- Challenges in the global agrochemical industry include declining prices and high channel inventory levels, impacting Q2 revenue and profitability.
- UPL adjusted its FY24 revenue growth guidance to flat, down from the initial 1-5% projection.
- Q2 saw the EBITDA margin contract to 15.5%, a decrease from 22.5% in the same period last year, leading to a revised EBITDA guidance for FY24 to 0 to -5%.
- To address mounting debt levels, the company is implementing cost-reduction measures, aiming to cut expenses by $100 million over the next two years.
- Recovery in demand is anticipated in H2 FY24, particularly in key geographies such as North America, Latin America, and Europe entering major cropping seasons.
- Management expects a gradual improvement in inventory levels, with optimistic prospects for farmgate demand in various regions.
Below are the trading platforms that you can use to purchase UPL Ltd shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2024 | 572.40 | 497.74 |
| February 2024 | 584.08 | 507.90 |
| March 2024 | 596.00 | 518.26 |
| April 2024 | 578.64 | 503.17 |
| May 2024 | 570.09 | 495.73 |
| June 2024 | 590.61 | 513.58 |
| July 2024 | 584.71 | 508.44 |
| August 2024 | 608.10 | 528.78 |
| September 2024 | 632.42 | 549.93 |
| October 2024 | 620.02 | 539.15 |
| November 2024 | 638.62 | 555.32 |
| December 2024 | 654.59 | 569.21 |
In the fiscal year of 2024, the prices of a particular product displayed notable fluctuations throughout each month. In January, the maximum price reached 572.40, while the minimum stood at 497.74. Moving into February, both the maximum and minimum prices experienced an increase, reaching 584.08 and 507.90, respectively. The trend continued in March, with the maximum price climbing to 596.00, and the minimum settling at 518.26.
April witnessed a slight dip, with the maximum price dropping to 578.64, and the minimum at 503.17. May maintained a relatively steady course, with the maximum price at 570.09 and the minimum at 495.73. June saw a renewed upward trend, marking the maximum and minimum prices at 590.61 and 513.58, respectively.
The following months displayed a consistent pattern of fluctuations. Notably, in August, both the maximum and minimum prices peaked at 608.10 and 528.78. As the year progressed, September recorded a maximum price of 632.42 and a minimum of 549.93. October and November continued this trend, with the maximum prices at 620.02 and 638.62, and the corresponding minimum prices at 539.15 and 555.32.
In the concluding months of the year, December witnessed the highest prices, with the maximum reaching 654.59 and the minimum at 569.21. These variations highlight the dynamic nature of the market, reflecting the interplay of supply and demand factors throughout the course of 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | 667.68 | 513.60 |
| February 2025 | 684.80 | 526.77 |
| March 2025 | 711.50 | 547.31 |
| April 2025 | 697.55 | 536.58 |
| May 2025 | 677.24 | 520.95 |
| June 2025 | 707.71 | 544.39 |
| July 2025 | 693.84 | 533.72 |
| August 2025 | 715.29 | 550.23 |
| September 2025 | 740.33 | 569.48 |
| October 2025 | 759.58 | 584.29 |
| November 2025 | 778.57 | 598.90 |
| December 2025 | 798.03 | 613.87 |
Throughout the year 2025, the prices of a specific item displayed dynamic fluctuations each month. In January, the maximum price reached 667.68, while the minimum was recorded at 513.60. Moving into February, both the maximum and minimum prices showed an increase, reaching 684.80 and 526.77, respectively. March continued this upward trend, with the maximum price climbing to 711.50, and the minimum settling at 547.31.
April witnessed a slight adjustment, with the maximum price slightly decreasing to 697.55, and the minimum at 536.58. May maintained a relatively steady course, with the maximum price at 677.24 and the minimum at 520.95. June saw a renewed upward trend, marking the maximum and minimum prices at 707.71 and 544.39, respectively.
The subsequent months showcased a consistent pattern of fluctuations. Notably, in August, both the maximum and minimum prices peaked at 715.29 and 550.23. As the year progressed, September recorded a maximum price of 740.33 and a minimum of 569.48. October and November continued this trend, with the maximum prices at 759.58 and 778.57, and the corresponding minimum prices at 584.29 and 598.90.
In the concluding months of the year, December witnessed the highest prices, with the maximum reaching 798.03 and the minimum at 613.87. These variations underscore the dynamic nature of market forces, reflecting the interplay of supply and demand factors throughout the course of 2025.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹938.25 | ₹656.77 |
| 2027 | ₹1,032.07 | ₹722.45 |
| 2028 | ₹1,444.90 | ₹722.45 |
| 2029 | ₹1,250.99 | ₹625.50 |
| 2030 | ₹1,626.29 | ₹1,138.40 |
The projected share price targets for UPL Ltd from 2026 to 2030 indicate a potential upward trend in the company’s stock value over the coming years. In 2026, the estimated maximum share price is ₹938.25, with a minimum of ₹656.77, suggesting a positive outlook for investors. The trend continues into 2027, with a projected maximum of ₹1,032.07 and a minimum of ₹722.45, reflecting anticipated growth in UPL Ltd’s market value.
The year 2028 exhibits a substantial increase, with a maximum price forecasted at ₹1,444.90 and a minimum of ₹722.45. In 2029, the projected range is ₹1,250.99 to ₹625.50. Looking ahead to 2030, the share price is anticipated to reach a maximum of ₹1,626.29, with a minimum of ₹1,138.40.
These projections provide investors with a long-term perspective, indicating potential opportunities for capital appreciation and reflecting confidence in the company’s future performance. Investors will likely closely monitor these targets to make informed decisions in the evolving landscape of the stock market.
The reasons why UPL could grow upto Rs.1000 by the end of 2026:
- UPL has achieved a median sales growth rate of 16.1% over the past 10 years.
- UPL’s sales growth has shown a compounded annual growth rate (CAGR) of 25% over the past 5 years.
- The company has recorded a compounded profit growth rate of 12% over the past 5 years.
- These figures highlight UPL’s strong financial performance and its ability to deliver consistent returns to shareholders.
- UPL’s consistent dividend payout reflects its commitment to providing value to its shareholders.
- UPL has consistently maintained a healthy dividend payout of 22.9%.
Financial Condition of UPL Ltd: Last 5 years
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales (Crore Rs) |
21,837 | 35,756 | 38,694 | 46,240 | 53,576 |
| Expenses (Crore Rs) |
18,024 | 28,984 | 30,342 | 36,711 | 43,380 |
| Operating Profit (Crore Rs) |
3,813 | 6,772 | 8,352 | 9,529 | 10,196 |
| OPM % | 17% | 19% | 22% | 21% | 19% |
| Other Income (Crore Rs) |
-197 | -515 | 62 | 91 | 464 |
| Interest (Crore Rs) |
963 | 1,481 | 2,060 | 2,295 | 2,963 |
| Depreciation (Crore Rs) |
880 | 2,012 | 2,173 | 2,359 | 2,547 |
| Profit before tax (Crore Rs) |
1,773 | 2,764 | 4,181 | 4,966 | 5,150 |
| Tax % | 11% | 21% | 16% | 11% | 14% |
| Net Profit (Crore Rs) |
1,575 | 2,178 | 3,495 | 4,437 | 4,414 |
| EPS in Rs | 19.52 | 23.24 | 37.58 | 47.46 | 47.56 |
| Dividend Payout % | 27% | 26% | 27% | 21% | 21% |
Please note that the first column represents the financial metrics, while the subsequent columns represent the respective values for each year.
Looking at UPL Ltd’s financial statement for the last five years, we can see that UPL has demonstrated consistent growth and financial performance. UPL’s sales have shown a steady upward trend, increasing from 21,837 crore INR in March 2019 to 53,576 crore INR in March 2023. This growth can be attributed to effective expense management and improved operating profitability, which has increased from 3,813 Crore INR in 2019 to 10,196 Crore INR in 2023. UPL has maintained a strong operating profit margin (OPM %) ranging from 17% to 22% during this period.
Additionally, the company has generated positive other income and has effectively managed its interest and depreciation expenses. As a result, UPL’s net profit has steadily risen, reaching 4,414 Crore INR in March 2023. These impressive financial results reflect UPL’s successful strategies, market leadership, and commitment to delivering sustainable solutions in the agricultural industry.
FAQS
As of 18th January 2024, the current share price of UPL Ltd is INR
Can UPL Ltd reach INR 5,000 by 2025?
It is difficult for UPL share price to reach Rs.5000 by 2025. However, analysts are optimistic about the company’s growth potential, and we think UPL could reach Rs.5000 by the end of 2030.
What is UPL Ltd’s price target for 2025?
As per our analysis, UPL could reach₹798.03 by the end of 2025.
What are the factors that may impact UPL Ltd’s stock price?
Factors that may impact UPL Ltd’s stock price include the overall economic climate, commodity prices, foreign exchange rates, competition, and regulatory changes.
Is UPL Ltd a good stock to buy for long-term investment?
UPL Ltd has a strong track record of revenue growth and profitability, making it an attractive long-term investment option. However, investors should conduct their own research and consult with a financial advisor before making investment decisions.
What is UPL Ltd’s dividend payout history?
Regarding UPL Ltd’s dividend payout history, the company has maintained a consistent payout to shareholders. The dividend payout percentage has remained relatively stable, ranging from 26% to 27% over the years from March 2019 to March 2023. This signifies UPL’s commitment to rewarding its shareholders with consistent dividends and sharing its profits with investors.
What is UPL Ltd’s revenue growth trend?
UPL Ltd has exhibited a positive revenue growth trend over the years. The company’s sales revenue has consistently increased from 21,837 crore in March 2019 to 53,576 crore in March 2023. This indicates a significant growth in UPL’s top-line performance, highlighting its ability to generate higher sales and expand its market presence.
What is UPL Ltd’s profitability trend?
UPL Ltd has shown a consistent and positive profitability trend over the years. The company’s sales revenue has significantly increased from 21,837 crore in March 2019 to 53,576 crore in March 2023. Additionally, UPL has effectively managed expenses, leading to steady growth in operating profit. The net profit has also risen steadily from 1,575 crore in March 2019 to 4,414 crore in March 2023. Overall, UPL’s profitability trend demonstrates its strong financial performance and ability to generate higher returns for shareholders.
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Conclusion
In conclusion, UPL Ltd has consistently increased its revenue, PAT, and profit during the past five years.
From 2019 to 2023, its sales increased at a CAGR of 25%, while its PAT increased at a CAGR of 15%. The operating profit margin for UPL Ltd. has likewise steadily increased over time. The stock appears to be an excellent buy for long-term investors hoping to gain from the company’s growth possibilities, with a projected maximum share price objective of ₹1,626.29 and a projected minimum share price target of ₹1,138.40 by 2030.
For those who bought the top, there may not be a short term relief in UPL. However, this does not make UPL a bad stock to hold. In next 3-4 quarters, I am expecting UPL to post better numbers, and with the share price should go up.
Currently trading at Rs.545 with a market cap of Rs.423.72 billion INR Crore and PE ratio of 24.8, UPL is fairly valued.
Last updated: 18th January, 2024.
What did we learn?
- 0.1 What does UPL do?
- 0.2 UPL Ltd Q2 2023 Results Overview: Net Loss, Revenue Decline, and Strategic Measures
- 0.3 How to purchase UPL Ltd shares?
- 0.4 UPL Share Price Prediction: 2024 to 2030
- 0.5 UPL Share Price Target of Rs.1000
- 0.6 Financial Condition of UPL Ltd: Last 5 years
- 1 FAQS
- 1.0.1 What is the current share price of UPL Ltd?
- 1.0.2 Can UPL Ltd reach INR 5,000 by 2025?
- 1.0.3 What is UPL Ltd’s price target for 2025?
- 1.0.4 What are the factors that may impact UPL Ltd’s stock price?
- 1.0.5 Is UPL Ltd a good stock to buy for long-term investment?
- 1.0.6 What is UPL Ltd’s dividend payout history?
- 1.0.7 What is UPL Ltd’s revenue growth trend?
- 1.0.8 What is UPL Ltd’s profitability trend?
- 1.1 Conclusion
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