NSE Symbol: UPL | BSE Code: 512070
UPL Limited is an MNC based in India. It is known for its comprehensive crop protection solutions, starting from pre-harvest to post-harvest. The company functions primarily in two segments - agricultural activity and non-agricultural activity. The agrarian section includes the production of seeds, pesticides, agrochemical products and other solutions which help farmers produce better yields and harvest every season. The non-agricultural part involves the manufacturing and marketing of industrial chemicals and other products. The market presence of UPL spans across more than 130 countries, further supported by 33 manufacturing units in 11 nations.
The history of the company started in 1969 when it was commissioned with Rs.4 lakh to manufacture Red Phosphorous. In 1972, the company was awarded the President's Gold Seal for R&D. During the next four decades, this small-scale business was transformed into an MNC with the help of comprehensive product offerings and strategic acquisitions. The company went public in 1984 due to which it could raise the much-needed capital for further expansion.
Mr. Rajnikanth Shroff - Chairman and MD
Mr. Shroff has often been dubbed as the Crop Protection King of India and all for the right reasons. Right from the beginning, he was passionate about Chemistry. Eventually, Mr.Shroff graduated from the Bombay University in Chemistry and moved on to work in a plant in the U.K, where he devised a process of manufacturing mercury salts. He built on this knowledge, and in 1969, he led the way to produce Red Phosphorous in India. In the 1980s, It was under his leadership that the company launched a wide variety of crop protection products. Needless to mention, he has been a critical figure in the growth of UPL Limited. He has been honored with several awards, the most recent of which is the AGROW Lifetime Achievement Award in September 2015.
Mr. Jaidev Shroff - Group CEO and Promoter-Director
Mr. Jaidev is the CEO of UPL Limited and also the Vice-Chairman of Advanta. He has an experience of agriculture sector for more than 28 years now and has been responsible for several key positions in India and internationally. He has played a crucial role in transforming the company from a domestic player to a global leader. He is also a proactive member of several essential forums which work towards global development. Some of these are Sustainable Agriculture and Global Food Security initiative, World Economic Forum's Grow Africa and Grow Asia initiatives, Chicago Council, et cetera.
Mr. Kalyan Banerjee - Whole-time Director
Mr. Banerjee is the whole-time director at UPL Limited and also serves as the Chairman of United Phosphorus Bangladesh Limited. He graduated from the Indian Institute of Technology as a Chemical Engineer.
The shares of UPL Limited are available for trading on the National Stock Exchange of India Limited and the Stock Exchange, Mumbai. The respective codes for the same are as follows:
NSE Code - UPL
BSE Code - 512070
ISIN - INE628A01036
Sector - Chemicals
The company is also present on the below mentioned Stock Indices:
S&P BSE 200
S&P BSE 100
S&P BSE AllCap
S&P BSE LargeMidCap
S&P BSE Greenex
UPL House, 610 B/2,
Off Western Express Highway
Bandra (East), Mumbai - 400-051
For the March quarter of the financial year 2017-18, UPL Limited reported its consolidated revenue from operations to be at Rs.5,691 crore.
Similarly, for the year ended on March 31, 2018, the company disclosed its income to be Rs.17,506 crore, in comparison to the Rs.16,680 crore reported for the previous financial year.
A corresponding increase in profit after tax was also observed for the year. For the financial year 2017-18, the net profit stood at Rs.2,123 crore, in comparison to the Rs.1,752 crore reported for the previous year. As for the March quarter, the benefit was revealed to be Rs.773 crore.
The earnings per share (EPS) for the quarter was Rs.14.47 and the same for the entire year was Rs.39.79.
The company's total liabilities for the year ended were reported to be worth Rs.13,855 crore. Of these, non-current liabilities are worth Rs.6,213 crore - a small increment over the previous fiscal.
On January 2, 2018, the opening price of UPL Limited scrip was Rs.757.55 on the National Stock Exchange. The rate rose steadily over the course of the month to cross the psychological barrier of Rs.800. The shares changed hands at levels above Rs.800 for a couple of trading sessions before shedding these gains in the subsequent weeks.
The share price of UPL Limited took a tumble in the final week of January driven by turbulence in the international markets and the news of interest rate hike by the Federal Reserve. This fall was observed for the most of February as well with the scrip shedding a little over 15% in less than two weeks. In this period, the stock price went down to be traded at levels above Rs.670. However, the prices recovered in the final week as the shares once again found themselves in the Rs.700 region.
Things didn't change considerably in March. Investors exercised caution, and the UPL Limited share price maintained its bearings at levels around Rs.720. In the closing moments of the month, the prices rose to cross the Rs.750 mark again. In April, the UPL shares were traded at this level without incurring any significant losses.
It wasn't until May that the price went on a downward path again. However, this time, the fall wasn't as severe as the one observed in February. The shares touched the Rs.690 mark and descended further to be traded at levels around Rs.680. However, once again, the prices recovered towards the end of the month. The closing price on May 31 was Rs.707.60 on the NSE.
In June, the prices reached their lowest levels since 2016. The scrip hit its 52-week low at Rs.632.20 with the shares trading at levels well below Rs.650.
UPL Limited is one of the biggest agrochemicals company in India. It offers crop protection solutions to farmers in India and all across the globe. The company is fundamentally strong and has grown well financially over the years.
Considering that India's economy depends on agriculture to a great extent, UPL Limited plays an essential role in ensuring that farmers have good yields every season. Therefore, the demand for the products is undoubtedly assured and it is safe to bank on its prospects.
Since the start of 2016, the share price of UPL Limited has grown by a little over 40%, the latest as of June. The scrip is currently bearish, suggesting that this may be an excellent time to invest in the shares from a long-term perspective. Alternately, one can also look at mutual funds houses that have invested in this share. However, it is strongly recommended that you do your research before investing in this stock.
Note: The contents of this post/blog do not constitute any professional advice on a specific financial matter.
The BSE or the Bombay Stock Exchange is Asia's oldest and first stock exchange. It is located in Mumbai, erstwhile Bombay, and it was formally established in 1875. An influential stockbroker and a businessman, Premchand Roychand, along with a handful of acquaintances, started the BSE journey in 1855. The BSE had its meetings under Banyan trees in its initial days. The group grew and eventually moved to a permanent place in 1874. BSEâ€™s office is very appropriately named â€˜Dalal Streetâ€™ which translated to Broker Street in Hindi. BSE operated as a floor trading exchange for a long time before ascending the digital ladder in 1995. They implemented an automated trading platform which had a capacity of 8 million per day. BSE went global in 2012, by joining the United Nations Sustainable Stock Exchange as a partner. Subsequently, in 2016, BSE established the first international exchange of India, called INX.
With an aim to induce transparency to the Indian capital market, the Indian Government implored a group of leading financial institutions for an effective solution. Accordingly, these financial institutions, along with the Government's support, established the first demutualized electronic exchange of India in 1992, known as the NSE. Since its inception, the NSE functioned on a totally automated screen-based digital trading system, which offered a great platform to connect the investor base of the entire country and offer them an easy trading facility. NSE was India's first electronic exchange and currently offers services pertaining to several segments, such as equity derivatives, clearing and settlement services in equity, trading, debt and currency derivatives, etc.
The NIFTY is National Stock Exchange of India's benchmark broad-based stock market index for the country's equity market. It lists 50 selected Indian companies across 12 sectors that own the largest and most liquid Indian securities. Hence, it is popularly called NIFTY 50. The Nifty index represents the weighted average of the stock value of those 50 companies. The India Index Services and Products or IISL, a company which is focused on an index as a core product, owns and manages the Nifty. Through one efficient portfolio, the Nifty exposes investment managers to the current status of the Indian market and helps in determining promising investment opportunities.
Similar to NSE's Nifty 50, BSE also has a stock market index known as Sensex. The word comes from the words 'Sensitive' and 'Index,' and is basically a portmanteau of the two. BSE 30 and S&P BSE SENSEX are two other names of this index. Sensex constitutes the top 30 financially flourishing and well-established companies from the ones listed on BSE. These companies typically represent diverse industrial sectors of the country's economy to ensure a holistic calculation. Usually, these are the companies that have the largest and most actively traded stocks. SENSEX is broadly reported through both print and electronic media in national as well as international markets. The scientifically designed indexing system is based on globally accepted construction and review methodologies. It is being calculated on the basis of a free-float market capitalization methodology since September 2003.