Thread by @BullsforBears

UPL
Going fwd agrochemicals sector is expected to do well
Mcap - 34,149 cr
BV - 252.37
P/E - 21.32
ROCE - 10.36 ROE - 14.87
P/S - 0.95 ,D/E - 1.52
EVEBIDTA - 8.3
PEG - 1.46
Sales - 35,756 cr
EPS - 20.91
@UPLGroupOnline

Sales growth - 13%
Ebidta growth - 18%
Net debt reduction- approx 3500 crores
Reduction in WC days from 119 to 80,inventory days from 106 to 81 & receivables from 135 to 118 from fy19 to fy20
Going fwd management doesn't expect any further decrease in inventory days

Arysta acquisition, further integration going fwd,expansion by leverage of Arysta already established dealer channels will drive growth
Foray into china by acquisition of Yoloo Laoting, entry into africa via arysta will give exposure to newer markets

Forex loss ,problems in Latam business,pricing pressure in Glufosinate,decrease in demand for cotton & corn affected 4th quarter numbers

Net debt to equity decreased from 1.8 to 1.5 ,debt/ebidta decreased from 6.3 to 3.5 from fy19 to 20

Ban on 27 agrochemicals wont affect exports also company has alternative products available for banned molecules

Approx 2 to 3 quarter impact due to currency depreciation before price increase will compensate

UPL in fy21 expects to decrease fixed costs,cost synergies driven by Arysta acquisition and better margin products

Consolidated revenue 111billion (+31% yoy ,+25% qoq)
Ebidta margin impacted due to higher raw Material costs from China

UPL 38 new & 14 late stage AIs expected to generate 200 billion in revenues in 5 to 8 years

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