UPL

March 16 (Reuters) - Idemitsu Kosan Co Ltd 5019.T:

• IDEMITSU KOSAN: STARTED JOINT STUDY WITH INDIA'S UPL ON SYNTHETIC AND BIOFUELS PROCUREMENT, AND RELATED BUSINESS

Source text: [ID:]

Further company coverage: 5019.T

(Tokyo Newsroom)

** Shares of agrochemicals maker UPL UPLL.NS fall 12% to 661 rupees, their steepest intraday drop since March 25, 2020

** UPL is reorganising its India and overseas crop‑protection businesses into a newly listed unit, UPL Global

** Nuvama says the move may streamline operations but does little to ease UPL’s debt overhang

** Notes total debt stays broadly unchanged, split between UPL Global and the remaining India business

** Kotak says the reorganisation mainly offers an exit to PE investors, not value‑unlocking

** Biggest drawback is likely emergence of sizeable holding‑company discounts on UPL's stakes in UPL Global SAS, Advanta, Kotak says

** Public shareholders to see dilution in their indirect stake in UPL Global, which more than offsets the 11.6% additional direct stake they will receive - Kotak

** 17 analysts have a "buy" rating on UPL on avg; median PT is 833 rupees - data compiled by LSEG

** UPLL down ~5% so far this year

(Reporting by Yagnoseni Das in Bengaluru)

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Feb 20 (Reuters) - UPL Ltd UPLL.NS:

• APPROVED A COMPOSITE SCHEME OF ARRANGEMENT

• SCHEME AMONGST CO , UPL SUSTAINABLE AGRI SOLUTIONS, UPL GLOBAL SUSTAINABLE AGRI SOLUTIONS, UPL CROP PROTECTION HOLDINGS

• INTEGRATION OF INDIA AND INTERNATIONAL CROP PROTECTION BUSINESSES INTO SINGLE PLATFORM

• TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN 12–15 MONTHS

• SCHEME WILL CREATE TWO LISTED FIRMS, UPL 1, DIVERSIFIED CHEMICALS PLATFORM, AND UPL 2, A CROP‑PROTECTION UNIT

Source text: ID:nNSE6b8C3N

Further company coverage: UPLL.NS

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Feb 2 (Reuters) - UPL Ltd UPLL.NS:

• UPL LTD DEC-QUARTER CONSOL NET PROFIT 3.96 BILLION RUPEES

• UPL LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 122.69 BILLION RUPEES

Further company coverage: UPLL.NS

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Jan 29 (Reuters) - UPL Ltd UPLL.NS:

• LISTING OF GLOBAL DEPOSITORY RECEIPTS OF UPL ON NSE IX

Source text: ID:nBSE9NZF3L

Further company coverage: UPLL.NS

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Jan 19 (Reuters) -

• INDIA'S ADVANTA ENTERPRISES FILES FOR IPO - DRAFT PROSPECTUS

• ADVANTA ENTERPRISES IPO: EXISTING SHAREHOLDERS SELLING UP TO 36.1 MILLION SHARES

Source text: [Full Story]

Further company coverage: UPLL.NS

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** Shares of agrochemicals maker UPL UPLL.NS rise 2.3% to 676.40 rupees

** UPL's unit Superform is in advanced talks with PepsiCo PEP.O for a long-term supply partnership, CNBC TV-18 reports, citing sources

** Both companies did not immediately respond to a Reuters request for comment

** 17 analysts have a "buy" rating on UPL on avg; median PT is 750 rupees - data compiled by LSEG

** UPLL up ~35% YTD

(Reporting by Urvi Dugar)

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Aug 1 (Reuters) - UPL Ltd UPLL.NS:

• Q1 CONSOL NET LOSS 880 MILLION RUPEES

• Q1 CONSOL REVENUE FROM OPERATIONS 92.16 BILLION RUPEES

Source text: [ID:]

Further company coverage: UPLL.NS

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July 3 (Reuters) - UPL Ltd UPLL.NS:

• UPL - IN EXPORTS, RECOVERY IS PROJECTED IN THE SECOND HALF OF FY26 - ANNUAL REPORT

Source text: [ID:]

Further company coverage: UPLL.NS

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June 6 (Reuters) - UPL Ltd UPLL.NS:

• UPL LTD - ADVANTA SEEDS BRAZIL TO SELL SERRA BONITA ASSETS FOR $125 MILLION

Source text: ID:nBSE87V28R

Further company coverage: UPLL.NS

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** Shares of Indian agrochemicals manufacturer UPL UPLL.NS fall ~5% to 643.15 rupees

** Shares decline despite a massive jump in Q4 profit to 9 billion rupees ($105.53 million) from a low base of 400 million rupees a year earlier which saw discounts and inventory loss due to Chinese overcapacity

** DAM Capital says pricing improvement in global agrochemical industry remains elusive, translating into depressed margins

** Adds, at current valuations, stock offers limited upside

** Elara Capital says UPL's FY26 revenue growth forecast of 4%-8%, similar to FY25 forecast, is "low"

** Adds, with large agrochemical supplies coming from China at low prices, growth will still be volume-led

** Stock rated "buy" on average by 20 analysts, with median PT at 708.5 rupees, per data compiled by LSEG

(Reporting by Ananta Agarwal in Bengaluru)

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May 12 (Reuters) - UPL Ltd UPLL.NS:

• NAMES BIKASH PRASAD AS GROUP CHIEF FINANCIAL OFFICER

• ANAND VORA TO STEP DOWN AS CFO EFFECTIVE MAY 31, 2025

Further company coverage: UPLL.NS

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** Shares of agrochemicals maker UPL UPLL.NS down 2.7% to 669.6 rupees

** China's commerce ministry says the country would impose anti-dumping duties ranging from 48.4% to 166.2% on cypermethrin from India for five years

** UPL is one of the top Indian producers of cypermethrin, an insecticide used in agriculture, sanitation, and pest control

** Heranba Industries HERN.NS, another cypermethrin maker, is trading flat

** UPLL trims YTD gains to ~34%, while HERN is down ~38%

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of agrochemicals maker UPL UPLL.NS jump 3.7% to 626.2 rupees, eye their biggest one-day gain in nearly four years, if current trend holds

** At least 10 brokerages have hiked price targets on UPL stock following strong Q3 results on Friday, and three raised ratings - LSEG data

** Investec says UPLL reported Q3 EBITDA margin at 19.8%, beating their estimate of 18% on favourable products mix, normalisation of rebate to dealers, improvement in prices

** Brokerage ups PT by ~56% to 700 rupees - a 16% premium on last close; raises rating to "buy" from "sell"

** Jefferies says business normalisation, recovery of volumes and prices drove Q3 growth

** Raises PT by 10% to 710 rupees; retains "buy"

** Over 7.2 mln shares traded, 3.4x the 30-day avg

** UPLL stock rated "buy" on avg, same as peer Dhanuka Agritech DHNP.NS, while Rallis India RALL.NS rated "sell" - LSEG data

** YTD, UPLL stock up ~25%, while DHNP and RALL down 5.3% and ~20%, respectively

(Reporting by Manvi Pant in Bengaluru)

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Jan 31 (Reuters) - UPL Ltd UPLL.NS:

• Q3 CONSOL NET PROFIT 8.28 BILLION RUPEES; IBES PROFIT EST. 2.13 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 109.07 BILLION RUPEES; IBES EST. 108.81 BILLION RUPEES

Source text: ID:nnAPN2LV0K9

Further company coverage: UPLL.NS

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** Shares of UPL UPLL.NS rise as much as 3% to 563.25 rupees

** Agrochemicals maker on Tuesday said Alpha Wave Global will invest $350 mln for ~12.5% stake in unit Advanta Enterprises

** Also, UPL on Wednesday said it plans to raise up to 33.78 bln rupees ($400 mln) via rights issue of 9.4 mln shares at 360 rupees/shr

** More than 7.2 mln shares change hands, 3.3x of 30-day avg

** Stock last up 2.8%, cutting YTD loss to 4.3%

($1 = 84.4420 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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Nov 20 (Reuters) - UPL Ltd UPLL.NS:

• RIGHTS ISSUE PRICE SET AT 360 RUPEES PER SHARE

Source text: ID:nBSE6cjXpR

Further company coverage: UPLL.NS

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Nov 19 (Reuters) - UPL Ltd UPLL.NS:

• UPL LIMITED - INVESTMENT BY ALPHA WAVE IN ADVANTA

• UPL LTD - APPROVES SALE OF 8.93% STAKE IN AEL FOR $250 MILLION

• UPL LTD - APPROVES AEL'S FUNDRAISING OF $100 MILLION FROM ALPHA WAVE

Source text: ID:nRSS8672Ma

Further company coverage: UPLL.NS

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** Shares of UPL UPLL.NS rise as much as 7.3% to 524 rupees

** Agrochemicals maker said it maintains positive outlook for FY25 and expects growth in margins in H2FY25 despite wider Q2 consol net loss

** Antique Stock Broking says co will benefit from lower inventory and channel destocking costs in H2FY25

** Adds co expects benefits of low-cost raw materials to start flowing in H2FY25, citing management commentary

** Hikes TP on stock to 740 rupees, a ~44% premium on last close, keeps "buy"

** Motilal Oswal keeps TP of 550 rupees, rating at "neutral"

** At least 5 brokerages raised TP on stock post results, while three slashed targets - LSEG data

** UPLL last up 3.7%, trimming YTD losses to 8.5%

(Reporting by Manvi Pant in Bengaluru)

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Nov 11 (Reuters) - UPL Ltd UPLL.NS:

• Q2 CONSOL NET LOSS 4.43 BILLION RUPEES; IBES PROFIT EST. 466.30 MILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 110.9 BILLION RUPEES; IBES EST. 104.55 BILLION RUPEES

Source text: ID:nBSE5T84Tz

Further company coverage: UPLL.NS

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Sept 4 (Reuters) - UPL Ltd UPLL.NS:

• TO EXPLORE VARIOUS OPTIONS OF UNLOCKING VALUE AT ADVANTA ENTERPRISES

• EXPLORING UNLOCKING VALUE IN ADVANTA BY RAISING FUNDS

Source text for Eikon: ID:nBSE4JjJwG

Further company coverage: UPLL.NS

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Sept 3 (Reuters) - UPL Ltd UPLL.NS:

• ACQUISITION OF ADVANTA HOLDINGS (THAILAND) BY UNIT

Source text for Eikon: ID:nNSE1wrrhW

Further company coverage: UPLL.NS

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Aug 7 (Reuters) - UPL Ltd UPLL.NS:

• UPDATE ON CLASS ACTION SUIT FILED AGAINST ADVANTA SEEDS IN AUSTRALIA

• HIGH COURT OF AUSTRALIA DECIDED MATTER IN FAVOUR OF ADVANTA

Source text for Eikon: ID:nBSE6hjVnV

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Aug 2 (Reuters) - UPL Ltd UPLL.NS:

• UPL Q1 CONSOL NET LOSS 3.84 BILLION RUPEES; IBES LOSS EST. 3.48 BILLION RUPEES

• UPL Q1 CONSOL REVENUE FROM OPERATIONS 90.67 BILLION RUPEES; IBES EST. 88.27 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: UPLL.NS

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May 16 (Reuters) - UPL Ltd UPLL.NS:

• INCORPORATION OF A STEP-DOWN SUBSIDIARY IN DUBAI, UNITED ARAB EMIRATES

Source text for Eikon: ID:nNSE9NX5Hm

Further company coverage: UPLL.NS

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** Shares of Agrochemicals maker UPL UPLL.NS down 5.3% at 505.60 rupees, its biggest intraday fall since Feb. 5

** UPLL top loser in Nifty mid-cap index .NIFMDCP100, which is up 0.6%

** Co reported a slump in Q4 profit, while net debt surged

** Estimate industry headwinds to persist in FY25, Jefferies said in a note

** Brokerage cuts FY26 EPS by ~8%, see profit below tax loss in Q1FY25

** Stock down ~14% YTD vs 8.3% rise in Nifty mid-cap index

(Reporting by Sethuraman NR in Bengaluru)

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May 13 (Reuters) - UPL Ltd UPLL.NS:

• IN FY25 SEE RETURN TO GROWTH, NORMALIZATION IN MARGINS DRIVEN BY AGCHEM MARKET RETURNING TO NORMALITY

• PRIORITY REMAINS TO DELEVERAGE OUR BALANCE SHEET

• DURING QUARTER, NET DEBT INCREASED BY $602 MN FROM LAST YEAR TO $2.66 BN AT END OF FY24

• NET DEBT INCREASE DUE TO REDUCED FACTORING, AND CASH FLOW IMPACT OF DECLINE IN PROFITABILITY

Source text for Eikon: ID:nBSEGFV4q

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May 1 (Reuters) - UPL Ltd UPLL.NS:

• MANISH SIROHI APPOINTED AS CHIEF EXECUTIVE OFFICER OF DECCO WW

Source text for Eikon: ID:nPre9HWV3a

Further company coverage: UPLL.NS

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** Brokerage HSBC downgrades Tata Chemicals TTCH.NS to "reduce" from "hold", flags weak fundamentals in soda ash segment and elevated valuations

** TTCH ends session ~4% lower, extending declines from Friday

** Expect volume- and pricing-led pressure to impact Q4 results for UPL UPLL.NS and Rallis India RALL.NS, leading to 6%-25% rev declines, brokerage says

** Retains "buy" on UPL, "reduce" on RALL; avg rating on UPLL, RALL, TTCH are "buy", "hold" and "sell" respectively - LSEG

** Adds domestic agri-chem companies likely fared better, "prefers" PI Industries PIIL.NS and Dhanuka Agritech DHNP.NS

** Sector to revive in H2CY24 after "disrupted" 2023, led by lower inventory, stable prices - HSBC

** UPLL, RALL, PIIL, DHNP close down between 1.12%-2.6%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of UPL UPLL.NS fall as much as 5% to 450.25 rupees, their lowest since December 2020

** Reuters could not immediately verify a reason for the stock move

** Stock last down 4.4%, on track for third straight session of decline

** At least 20 analysts have cut PT on "buy"-rated stock since it posted a Q3 loss on Feb. 2 - LSEG

** Median PT 565 rupees vs. 684.50 rupees 2 months ago - LSEG

** Stock down ~23% YTD, on track for third straight annual decline

(Reporting by Kashish Tandon in Bengaluru)

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