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Brokerages have painted bleak Q1 numbers for UPL as profit, revenue as well as operating margins are expected to decline year-on-year.
Europe growth to be muted amid tough market conditions.
The company will report its quarterly earnings on November 1, just days after it announced a massive restructuring of its business to unlock value.
Net Sales are expected to increase by 15 percent Y-o-Y (up 12.3 percent Q-o-Q) to Rs 12,152.1 crore, according to KR Choksey.
Net Sales are expected to increase by 12 percent Y-o-Y (down 39.9 percent Q-o-Q) to Rs 9,536.8 crore, according to KRChoksey.
Net Sales are expected to increase by 15 percent Y-o-Y (down 0.7 percent Q-o-Q) to Rs 10,495 crore, according to Sharekhan.
Key things to watch out for would be FY22 guidance, debt reduction and the capex plan.
Net Sales are expected to increase by 7.9 percent Y-o-Y (up 31.7 percent Q-o-Q) to Rs. 12,01.9 crore, according to Sharekhan.
CLSA has maintained buy call on the stock with a target at Rs 720 (implying 24 percent potential upside from current levels)
Net Sales are expected to increase by 94.6 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 8,283.6 crore, according to Kotak.
Kotak said excluding Arysta, it expects a healthy 11 percent YoY growth in revenues amid sustained growth in Latin American markets.
Net Sales are expected to increase by 13.6 percent Y-o-Y (up 31.4 percent Q-o-Q) to Rs. 6,464.1 crore, according to Kotak.
Of the agrochemical stocks, we find PI Industries and Insecticides India on track for growth and would recommend to keep these on radar and accumulate for long term portfolio in a staggered manner.
Stricter restrictions on sale of organophosphorus products in India also affected the domestic performance.
Net Sales are expected to increase by 9.9 percent Y-o-Y (up 8.3 percent Q-o-Q) to Rs. 4,609.4 crore, according to Prabhudas Lilladher.
Smaller companies have had a good run in September quarter. This suggests that such stocks can give good returns even as the market volatility ensues.
In the long run, the Arysta deal could bring in significant synergies, improve margins and push up UPL in the global big league.
UPL reported a steady quarter with an 11 percent year-on-year (YoY) growth in revenue driven by a healthy growth in volumes and price hike during the quarter.
Net Sales are expected to increase by 10.3 percent Y-o-Y (down 27.9 percent Q-o-Q) to Rs. 4,105.8 crore, according to KR Choksey.
The management strategy to expand into manufacturing seems opportune given the closure of Chinese factories.
Net Sales are expected to increase by 10.1 percent Y-o-Y (up 40.2 percent Q-o-Q) to Rs. 5,880.3 crore, according to KR Choksey.
Brokerages expect a positive FY19 for agrochemical sector on the back of government's intent to double farm incomes and a normal monsoon
ULP is a long term play and its underperformance is a good opportunity to accumulate.
The company's revenue is seen up 12.4 percent at Rs 3978 crore against Rs 3540 crore, according to average of estimates of analysts polled by CNBC-TV18.