Buy UPL, price target Rs 615: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Kunal Bothra has a buy call on UPL Ltd
with a target price of Rs 615.0
The current price of UPL Ltd
is Rs 591.35
Kunal Bothra recommended to keep a stoploss at Rs 575
UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 45181.83 Crore) operating in Pesticides/Agro
Chemicals sector
UPL Ltd
key Products/Revenue Segments include Agrochemicals which contributed Rs 8470.00 Crore to Sales Value (97.80 % of Total Sales), Export
Incentives which contributed Rs 80.00 Crore to Sales Value (0.92 % of Total Sales), Royalty Income which contributed Rs 36.00 Crore to Sales
Value (0.41 % of Total Sales), Job Work which contributed Rs 28.00 Crore to Sales Value (0.32 % of Total Sales), Other Operating Revenue
which contributed Rs 27.00 Crore to Sales Value (0.31 % of Total Sales) and Sale of services which contributed Rs 19.00 Crore to Sales Value
(0.21 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 8892.00 Crore, up 13.75 % from last quarter Sales of
Rs 7817.00 Crore and up 80.69 % from last year same quarter Sales of Rs 4921.00 Crore Company has reported net profit after tax of Rs 838.00
Crore in latest quarter
Goyal, Mr.K Banerjee, Mr.J R Shroff, Mr.Hardeep Singh, Mr.A C Ashar, Mrs.S R Shroff
Company has B S R - Co
LLP as its auditors As on 31-12-2019, the company has a total of 764,045,456 shares outstanding.