Chemicals · NSE/BSE: UPL

UPL Limited

Pesticides & Agrochemicals
Market Cap ₹0.52L Cr
Verdict: Average

Quality Scores

Multi-Bagger
35/100
Compounder Quality
48/100
Management Credibility
55/100
Governance
58/100
Cash Flow Quality
72/100

AI Summary

UPL Limited is the 5th largest global agrochemical company, operating a complex, highly geared business model spanning 140 countries. Over the last decade, it transitioned from a mid-sized Indian player to a global giant, primarily fueled by the massive $4.2 billion acquisition of Arysta LifeScience in FY19. However, the recent 3-5 year period has been characterized by severe deleveraging struggles, margin erosion, and inventory downcycles. While the company maintains a formidable distribution network and 14,000+ registrations, the financial performance has turned volatile with a significant…

Top Opportunities

  • Global Top 5 Agrochemical company
  • Massive distribution network in 140 countries
  • Diversified product portfolio (Seeds, BioSolutions, Crop Protection)

Top Risks

  • Extremely high debt burden (29k+ Cr)
  • Very low Interest Coverage Ratio
  • Huge margin volatility (10% to 22%)

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