The shares of UPL Ltd., a large-cap agriculture solutions provider hit their new 52-week low of ₹ 617.75 today at 11:45 IST. The stock is down -19% year to date and -22% in a month after the buyback offer closed .
The Mumbai-based company, previously known as United Phosphorus Limited, manufactures and markets herbicides, fungicides, insecticides, seed treatment solutions, seeds, bio solutions, and soil& water technologies. It also provides crop protection services.
Pesticides maker UPL reported revenue growth of 19% for the fiscal year ended 2022 generating a return on capital employed of 15.6%. Its share in the global crop production market has doubled from 4% in 2017 to 8% in 2022. The company is able to handle supply chain headwinds because of its equitable sourcing from India, non-China and China.
For the March quarter ended 2022, backed by improved pricing in the herbicides portfolio, the company posted a 24% growth in revenues to ₹ 15,861 crores from ₹ 11,297 crores reported in the same period last year. For the period 2021-2022, net profit grew 26% to ₹ 3,626 crores from ₹ 2,872 reported a year earlier.
For the fiscal year, the company reported double-digit growth across all markets led by a 37% increase in the North American region.
Analysts at ICICI Securities have given a price target of ₹ 852 per share for the stock with a time horizon of one year. This results in an upside of 38%.
Emkay Global Financial Services expects the price to touch ₹ 930 per share in one year, signalling an upside of ₹ 51%.
Written By – Vikalp Mishra
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
To stay updated with the Latest Stock Market news, download our app here!
For editorial purposes, contact email@example.com
Disclaimer: The Stocks mentioned on this website or any segment are not recommendations. Tradebrains.in advises users to check with certified experts before taking any investment decisions.