UPL Ltd share price target 2024, 2025, 2026, 2027 to 2030 (after Q3 results)

In this article, we delve into a comprehensive analysis of UPL Ltd share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

Q3 Results

Following the quarterly results announcement, the share price of UPL plummeted by over 11% within a single day, reaching a closing value of ₹474, a significant drop from the previous day’s closing price of ₹533.

In December 2023, the company recorded sales of ₹9,887 crores, slightly lower than the sales figure of ₹10,170 crores in September 2023. However, expenses in December 2023 amounted to ₹9,820 crores, compared to ₹9,049 crores in September 2023. Consequently, the company incurred a loss after tax of -₹1,607 crores in December 2023, which was significantly higher than the loss of -₹293 crores reported in September 2023.

TypeDec 2023Sep 2023
Sales9,88710,170
Expenses9,8209,049
Profit After Tax-1,607-293

About

UPL primarily focuses on the production and distribution of agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals, alongside the manufacturing and sale of field crops and vegetable seeds.

With a global footprint spanning over 138 nations, UPL holds the distinction of being the fifth-largest agrochemical company and the fourth-largest seed manufacturer globally.

Founded 1969
CEO & MDJai Shroff
SectorAgriculture
HeadquartersMumbai
Official WebsiteUPL

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Financial Details

As of February 5, 2024, the company’s market capitalization stood at ₹35,589 crores. However, the stock’s price-to-earnings (P/E) ratio was not available.

The Return on Capital Employed (ROCE) was recorded at 14.3%, indicating the efficiency of capital utilization, while the Return on Equity (ROE) stood at 13.4%, reflecting the company’s profitability in relation to shareholder equity.

The debt-to-equity ratio was 1.21, suggesting a moderate level of leverage, with total debt amounting to ₹34,936 crores.

Foreign Institutional Investors (FIIs) held 34.4% of the company’s shares, whereas Domestic Institutional Investors (DIIs) held 16.8%.

Earnings per share (EPS) was reported at ₹ -5.97, indicating a negative EPS. The company experienced a decline in sales growth, with a decrease of 13.8% compared to the previous period.

Market Cap₹ 35,589 CrStock P/En/a
ROCE14.3%ROE13.4%
Debt to equity1.21Debt₹ 34,936 Cr.
FII Holding34.4 %DII Holding16.8%
EPS₹ -5.97Sales growth -13.8 %
as of 05 Feb 2024

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Financial Statement

As of February 5, 2024, the financial performance of the company over the trailing twelve months (TTM) and the preceding three years shows fluctuations in net sales and expenses. Net sales for the TTM period amounted to ₹45,589 crores, showing a decrease compared to the previous years’ figures of ₹53,576 crores in 2023, ₹46,240 crores in 2022, and ₹38,694 crores in 2021.

However, expenses also followed a similar pattern, with the TTM expenses at ₹40,463 crores, lower than the expenses of ₹43,380 crores in 2023, ₹36,711 crores in 2022, and ₹30,342 crores in 2021.

Despite the variations, the company managed to maintain profitability, with a profit after tax of -₹718 crores in the TTM, ₹4,414 crores in 2023, ₹4,437 crores in 2022, and ₹3,495 crores in 2021.

ParticularsTTM202320222021
Net Sales45,58953,57646,24038,694
Expenses40,46343,38036,71130,342
Profit After Tax-7184,4144,4373,495
as of 05 Feb 2024 (₹ amount in crores)

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Table of UPL Ltd Share Price Target

Over the past two quarters, UPL Ltd has seen a decline in its earnings. Following the Q3 results, the company’s shares experienced a significant drop of over 11% in a single day. We will now conduct an analysis to determine the future price target of the company based on this analysis and the quarterly results.

YearMin TargetMax Target
2024₹450₹480
2025₹532₹588
2026₹632₹694
2027₹750₹788
2028₹800₹834
2029₹846₹896
2030₹912₹950
as of 05 Feb 24

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UPL Ltd Share Price Target 2024:

  • Minimum Target: ₹450
  • Maximum Target: ₹480

In the upcoming year, the company is anticipated to maintain a price range between ₹450 and ₹480

UPL Ltd Share Price Target 2025:

  • Minimum Target: ₹532
  • Maximum Target: ₹588

Moving into 2025, the projected price range widens, reaching between ₹532 and ₹588.

UPL Ltd Share Price Target 2026:

  • Minimum Target: ₹632
  • Maximum Target: ₹694

Further into the future, specifically in 2026, the anticipated price range expands to ₹632 to ₹694.

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UPL Ltd Share Price Target 2027:

  • Minimum Target: ₹750
  • Maximum Target: ₹788

By 2027, the company’s share price is expected to aim for a range of ₹750 to ₹788.

UPL Ltd Share Price Target 2028:

  • Minimum Target: ₹800
  • Maximum Target: ₹834

Looking ahead to 2030, the minimum and maximum targets extend to ₹800 and ₹834, respectively.

UPL Ltd Share Price Target 2029:

  • Minimum Target: ₹846
  • Maximum Target: ₹896

In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹846 and ₹896.

UPL Ltd Share Price Target 2030:

  • Minimum Target: ₹912
  • Maximum Target: ₹950

Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹912 to ₹950 .

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Positive and Negative Points of UPL Ltd

Positive:

  • A notable positive aspect is that Institutional Investors collectively hold a majority stake, exceeding 50% ownership in the company.

Negative:

  • On the downside, the company experienced negative sales growth over the past year.
  • Additionally, the earnings per share (EPS) were negative, indicating a loss per share.
  • Furthermore, both the Return on Capital Employed (ROCE) and Return on Equity (ROE) metrics were observed to be low, suggesting suboptimal utilization of capital and lower profitability relative to shareholder equity.

Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.

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