Analyst Siddharth Kemka of Motilal Oswal gave a neutral rating on UPL with a target price of 560, citing holding company discount concerns and awaiting evidence of Advanta's growth translating into consolidated…
Analyst Siddharth Kemka of Motilal Oswal gave a neutral rating on UPL with a target price of 560, citing holding company discount concerns and awaiting evidence of Advanta's growth translating into consolidated performance.
By ScoutQuest · · 1 min read
- Target price
- 560
- Current holding company discount
- 54 percent
- Prior holding company discount
- 20 percent
- Specialty chemicals revenue target share
- 45 to 50 percent
- Superform revenue CAGR target
- 20 to 30 percent
Heard on business television between 15:21:00 - 15:24:00 IST.
- Kemka said Superform (specialty chemicals) is emerging as a growth engine with management targeting 20-30% revenue CAGR and specialty chemicals potentially contributing 45-50% of total revenue over time.
- He said backward integration into complex chemicals like phosphorus and cyanide creates supply chain advantages and high entry barriers, reducing dependence on cyclical agrochemicals.
- He said UPL offers a medium-term turnaround opportunity rather than a compelling near-term growth investment, needing to monitor capacity commissioning, incremental revenue contribution and margin improvement before taking an aggressive position.
- He said the holding company discount has increased to about 54% from an earlier implied 20%, partly due to the Jio listing precedent increasing holding company discounts, and that this concern will remain in the near term.
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The call above is Siddharth Kemka's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.