We have rated over 24,500 large and mid-scale corporates and financial institutions. Function: Bioenhancer, Growth Stimulant, Abiotic Stress Mitigator. CRISILs public ratings and analysis as are required to be disclosed under the regulations of the Securities and Exchange Board of India (and other applicable regulations, if any) are made available on its web sites, www.crisil.com (free of charge). The Sumitomo Health & Crop Sciences Sector is engaged in the manufacture and sale of crop protection chemicals, fertilizers, feed additives, household and public hygiene insecticides, and active pharmaceutical ingredients and intermediates. PILATUS is Combination of plant extracts, fulvic acid, zinc, amino acids and inositol to stimulate seed germination and root development. "UPL Limited on the Forbes Asia's Fab 50 Companies List", "UPL LTD GDR (UPL:Singapore): Company Description Bloomberg", "UPL completes acquisition of Arysta LifeScience for $4.2 billion", "UPL Jumps The Most In Four Years After $4.2 Billion Deal To Acquire Arysta Lifescience", "All You Need To Know About UPL's Latest Buyout Plan", "UPL Completes Acquisition of Arysta LifeScience", https://en.wikipedia.org/w/index.php?title=UPL_(company)&oldid=1097882695, Companies listed on the National Stock Exchange of India, Companies listed on the Bombay Stock Exchange, Articles with dead external links from July 2021, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 July 2022, at 04:08. Better scale and business synergies are expected to also help improve operating profitability to ~21% over the medium term, benefitting cash generation. Christensen will have responsibility for, Canadas Pest Management Regulatory Agency has approved label updatesfor Arysta LifeScience North Americas EVEREST 2.0 Herbicide. The UPL group now includes 96 entities. FES Group is a distributor of agro chemical products. In preparing our Report we have not taken into consideration the objectives or particular needs of any particular user. UPL's financial risk profile is expected to remain adequate over the medium term, despite temporary moderation in credit metrics owing to debt funded acquisition of Arysta. However, CRISIL alone has the sole right of distribution (whether directly or indirectly) of its rationales for consideration or otherwise through any media including websites, portals etc. CRISIL believes the UPL group's business risk profile has improved by the acquisition of Arysta, propelling it to the 5th largest player in the global agrochemical space and 4th largest seed manufacturer. The non-agro segment includes the manufacture and marketing of industrial chemical and other non agricultural related products such as fungicides, herbicides, insecticides, plant growth and regulators, rodenticides, industrial and specialty chemicals, and nutrifeeds. MCI will continue concentrating resources on the agrochemicals and professional pest management (PPM) businesses, contributing to sustainable agriculture and improved quality of life by providing safe, efficient, and eco-friendly products and services, always adopting the customer perspective. Albeit, UPL's financial risk profile and credit metrics, will be impacted over the medium term, due to sizeable acquisition related debt, and recover gradually thereafter. The rating rationale may be used by you in full or in part without changing the meaning or context thereof but with due credit to CRISIL. Over 1,10,000 MSMEs have been rated by us. These strengths are offset by large working capital requirements and susceptibility to risks inherent in the agrochemical sector. With a tradition of independence, analytical rigour and innovation, CRISIL sets the standards in the credit rating business. About CRISIL LimitedCRISIL is a leading agile and innovative, global analytics company driven by its mission of making markets function better. We also pioneered a globally unique rating service for Micro, Small and Medium Enterprises (MSMEs) and significantly extended the accessibility to rating services to a wider market. Sales, Best Agro Group Acquires Manufacturing Facility from Chemtura Chemicals India, Arysta LifeScience and Vive Crop Protection Partner, Arysta Launches Rancona V RTU Seed Protectant for Wheat, Arysta LifeScience Launches Zolera FX Fungicide, Arysta LifeScience Announces New Business Unit Head for North America, Label Updates Announced for EVEREST 2.0 Herbicide, Plant Health: Why Micronutrient Adoption in Brazil Is Soaring, Emerging Technologies for Ag Input Manufacturers from Development to Commercialization, China Price Index: Glufosinate Approaches a Perfectly Competitive Market and What It Means for Buyers and Sellers, Hikal Survives and Thrives by Managing Supply Chain Challenges and Delivering Innovative Solutions. Arysta LifeScience Tirta Indonesia, Indonesia, Arysta LifeScience Pakistan (Pvt.) CRISIL PRIVACYCRISIL respects your privacy. EVITO is Patented broad-spectrum strobilurin fungicide with plant health effects in a variety of crops. Arysta owns about 800 domestic and foreign patents, and approximately 6,800 product registrations. Persistently weak overseas demand in the long term might Hikal is a reliable partner to companies in the Agribusiness Global LATAM Conference & Summit, The Newest Ag Powerhouse: Q&A with UPLs Diego Casanello, Challenges Begin to Emerge for UPL-Arysta Combine, PepsiCo in Deal with Arysta LifeScience Chile on Biological Products, Arysta LifeScience Names New Head of Europe, Middle East & Africa, Arysta LifeScience, Hokko Strengthen U.S. Partnership, Arysta LifeScience Announces Increase in R&D Pipeline Value, Arysta LifeScience Expands Biosolutions Offering with Beem Biologics Alliance, Arysta LifeSciences Procurement Revolution, Arysta LifeScience Expands Offerings to Univar Canada, 11 New Active Ingredients to be Fully Approved in China, Jeff Wheeler Joins Arysta LifeScience as Head of U.S. CRISIL believes the UPL group's business risk profile has improved by the acquisition of Arysta, propelling it to the 5th largest player in the global agrochemical space and 4th largest seed manufacturer. Arysta LifeScience North America has launchedRancona V RTU seed protectant developed to enhance germination, stimulate growth and improve crop vitality. UPL Limited, formerly United Phosphorus Limited, is an Indian multinational company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals, and also offers crop protection solutions. Decca Worldwide Post-Harvest Holdings Cooperatief U.A. A strong track record of growth, culture of innovation and global footprint sets us apart. CRISIL follows a moderate integration approach for investment in associates and joint ventures in which UPL has significant influence but not a controlling interest - specifically, CRISIL factors in UPL's share in the profit of these entities and any incremental investment required. BIOZYME is Plant biostimulant obtained from exclusive vegetal sources that increase crop yield and marketable quality with application at flowering and fruiting stage. Albeit, UPL's financial risk profile and credit metrics, will be impacted over the medium term, due to sizeable acquisition related debt, and recover gradually thereafter.Rating Sensitivity FactorsUpwardFactor* Significant growth in revenues with operating margins in excess of ~21%* Gross Debt/EBITDA reducing to below 3.7 times in fiscal 2020 (net debt to EBITDA below 3.2 times) and below 3 times in fiscal 2021, due to better than anticipated cash generation and lower debt levels due to prudent working capital or equity infusion.Downward Factor* Sharp decline in revenue growth and fall in operating profitability to below 17%, impacting cash generation* Further increase in gross debt/EBITDA levels beyond 4 times in fiscal 2020 and above 3.5 times in fiscal 2021, due to lower cash generation or higher debt levels, due to more than anticipated capex and elongation in working capital cycle.About the UPL groupIncorporated in 1969 and promoted by Mr Rajnikant Shroff, UPL manufactures, markets, and distributes crop protection products, intermediates, specialty chemicals, and other industrial chemicals, and undertakes research in these segments. Better scale and business synergies are expected to also help improve operating profitability to ~21% over the medium term, benefitting cash generation. Syngenta, through world-class science, aims to transform the way crops are grown and look beyond yield. UPL Do Brasil - Industria e Comercio de Insumos Agropecuarios S.A. Anning Decco Fine Chemical Co. Limited, UPL Ziraat Ve Kimya Sanayi Ve Ticaret Limited Sirketi, Safepack Products Limited Citrashine (Pty) Ltd, UPL Limited (formerly known as UPL Agro Limited), Decco Gida Tanm ve Zirai Urimler San. For the avoidance of doubt, the term Report includes the information, ratings and other content forming part of the Report. At Bayer CropScience, the vision is to be a leading partner in providing innovative products and combined solutions for the production of quality food, feed and fiber to meet the global challenges of tomorrow. Try For Free Note for Media:This rating rationale is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. We rate the entire range of debt instruments, such as, bank loans, certificates of deposit, commercial paper, non-convertible / convertible / partially convertible bonds and debentures, perpetual bonds, bank hybrid capital instruments, asset-backed and mortgage-backed securities, partial guarantees and other structured debt instruments. Function: Micronutrient, Abiotic Stress Mitigator, Fertilizers. CRISIL has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. Chemical Family: Fulvic Acids, Zinc & Zinc Compounds. CRISIL has also instituted several innovations in India in the rating business, including rating municipal bonds, partially guaranteed instruments and microfinance institutions. Resistance management for sustainable agriculture and improved public health. CRISIL is registered in India as a credit rating agency with the Securities and Exchange Board of India (SEBI). The Report should not be the sole or primary basis for any investment decision within the meaning of any law or regulation (including the laws and regulations applicable in the US).Ratings from CRISIL Rating are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities / instruments or to make any investment decisions. Arysta LifeScience North America announced Jeff Wheeler has joined the companys North American business unit leadership team in the role, Arysta LifeScience North America plans to launch two new fungicide products for use on corn and soybean crops for the, Best Crop Science, a division ofBest Agro Group,purchasedan agrichemicals manufacturing facility from Chemtura Chemicals India Private Limited, a subsidiary of, Vive Crop Protection and Arysta LifeScience North America willpartner to bring to market Vives patented technology with Arysta LifeScience active, Arysta LifeScience North America recently announced a label addition for PH-D Fungicide: chemigation on carrots in California. EVEREST is Patented, selective, post-emergent herbicide for control of green foxtail, wild oats and certain broadleaf weeds in spring wheat, durum and winter wheat. You can help Wikipedia by expanding it. Plant Impact Plc develops and formulates products that realize and enhance crop capacity, enabling growers to improve quality and deliver consistently higher marketable yields. By providing these products, they aim to contribute to a stable supply of crops, help increase food production in response to an increase in the world population, prevent the spread of infectious diseases, and achieve hygienic and healthy lives. Carrots are added. This includes novel go-to-market models, building in particular on the success in reaching new customers in emerging markets. Together with farmers, BASF is helping to safeguard food supplies for a growing world population. Tic A.S. Arysta LifeScience America Inc. ANESA S.A. Arysta LifeScience Management Company, LLC, USA, Arysta LifeScience SPC, LLC, USA Arysta LifeScience India Limited, India, Arysta LifeScience Agriservice Private Limited, India, Arysta LifeScience do Brasil Industria Quimica e Agropecuaria SA, Brasil, Volcano Agrociencia Industria e Comercio de Defensivos Agricolas Ltda, Brasil, Arysta LifeScience Canada BC Inc., Canada, Arysta LifeScience North America, LLC, USA, Arysta LifeScience Benelux SPRL, Belgium, Arysta LifeScience (Mauritius) Ltd, Mauritius, Arysta LifeScience South Africa (Pty) Ltd, South Africa, Arysta Health and Nutrition Sciences Corporation, Japan, Arysta LifeScience Mexico, S.A.de C.V, Mexico, Grupo Bioquimico Mexicano, S.A. de C.V. Mexico, MacDermid Agricultural Solutions Netherlands Cooperatief UA, Netherlands, MacDermid Agricultural Solutions Italy Srl, Netherlands, Dutch Agricultural Investment Partners LLC, USA, Netherlands Agricultural Investment Partners LLC, USA, Arysta LifeScience Bulgaria EOOD, Bulgaria, Arysta LifeScience Technology BY, Netherlands, Arysta LifeScience Netherlands BY, Netherlands, Netherlands Agricultural Technologies CV, Netherlands, Dutch Agricultural Formations CV, Netherlands, Arysta LifeScience Turkey Tarim Urunleri Limited Sirketi, Turkey, Arysta LifeScience Australia Pty Ltd., Australia, MacDermid (Shanghai) Chemical Ltd., China, Arysta LifeScience Ougree Production Sprl, Belgium, Arysta LifeScience Hellas S.A. Plant Protection, Nutrition and Other Related Products and Services,Greece, Arysta LifeScience Switzerland Sarl, Switzerland. This Report does not constitute an offer of services. You consent to our cookies if you continue to use this website. Over time, UPL has made several acquisitions, and entered into strategic alliances to diversify its product profile and increase its geographical reach. It is made abundantly clear that the Report is not intended to and does not constitute an investment advice. DINAMIC is Patented, flexible herbicide for sugarcane that effectively provides broad-spectrum weed control with a residual effect, even in dry growing conditions. ADAMA (previously Makhteshim Agan) is the worlds leader in branded off-patent crop protection solutions. This article about an Indian company is a stub. ATONIK is Phenolate-based product that stimulates natural plant processes, allowing the full expression of the plants genetic potential, especially under stress conditions. CRISIL has combined the business and financial risk profiles of UPL and its subsidiaries, as all the companies, collectively referred to as the UPL group, are under a common management and have close operational linkages and fungible cash flows.
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