UPL Ltd.

569-0.51%

2026-08-21

upl-ltd.comBSE: 512070NSE: UPL
Market Cap₹ 48,008 Cr.
Current Price₹ 572
High / Low₹ 812 / 558
Stock P/E23.8
Book Value₹ 411
Price to Book1.38
Dividend Yield1.05 %
ROCE12.0 %
ROE6.9 %
Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Crop Protection: 81.5% • Seeds Business: 13.1% • Non Agro Activity: 5.4%

PROS

  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 17.49x)
  • Working capital cycle has improved - days down from 72 to 43
  • Company generates healthy free cash flow
  • Institutional investors have been accumulating - FII+DII up 3.7pp
  • Company has a consistent dividend-paying track record

CONS

  • Company has a low return on equity of 0.9% over last 3 years
  • Company has a low return on capital employed of 8.0%
  • Interest coverage is weak at 1.9x - earnings barely cover interest
  • Company has delivered a poor profit growth of -8.7% over past five years
  • Recurring exceptional / one-off items are inflating headline profit
  • Equity base is being diluted - shares outstanding up 12.7%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.UPL568.7023.7748007.911.05-73.0058.5210181.0010.4712.0013.43
2.PIIND2496.0032.5137868.840.60244.20-38.951702.30-10.4316.0021.69
3.SUMICHEM553.6547.6927635.200.23214.5120.451063.350.6223.3921.94
4.BAYERCROP4068.40329.9918284.243.69321.6015.391835.00-4.1630.0820.03
5.SHARDACROP771.8011.126963.221.9488.02-38.361073.779.0331.1017.32
6.DHANUKA995.2014.944436.430.2075.5027.94442.0220.0124.4424.83
7.RALLIS211.9025.104120.801.42-14.15-274.26507.547.7013.23-0.56
8.NACLIND174.00329.494075.830.0020.8459.82383.33-14.506.2010.80
9.BHAGCHEM290.25136.753763.650.05133.293249.841950.191475.554.5515.65
10.GSPCROP595.3528.292769.490.17263.941111.463859.951153.2720.8111.02
11.BHARATRAS1279.9014.852127.330.04372.30838.733381.60796.0316.6315.19
12.INSECTICID614.7014.291788.640.3343.87-24.49611.52-11.5215.9711.10
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
8,963
7,690
Operating Profit
OPM %
Other Income
101
Interest
700
Depreciation
636
-5
Tax %
3280.00%
Net Profit
0
1
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
10,170
8,845
Operating Profit
OPM %
Other Income
105
Interest
871
Depreciation
657
-185
Tax %
51.89%
Net Profit
0
-3
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
9,887
9,794
Operating Profit
OPM %
Other Income
151
Interest
1,191
Depreciation
676
-1,640
Tax %
3.60%
Net Profit
0
-17
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
14,078
12,230
Operating Profit
OPM %
Other Income
126
Interest
1,090
Depreciation
794
-15
Tax %
-733.33%
Net Profit
0
1
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
9,067
7,966
Operating Profit
OPM %
Other Income
98
Interest
913
Depreciation
660
-423
Tax %
-17.02%
Net Profit
-527
-6
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
11,090
9,738
Operating Profit
OPM %
Other Income
111
Interest
1,070
Depreciation
697
-312
Tax %
-44.23%
Net Profit
-585
-6
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
150
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
10,907
8,951
Operating Profit
OPM %
Other Income
170
Interest
730
Depreciation
688
632
Tax %
-78.96%
Net Profit
853
10
Equity Capital
155
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
155
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
15,573
12,382
Operating Profit
OPM %
Other Income
107
Interest
914
Depreciation
705
1,404
Tax %
21.23%
Net Profit
1,079
11
Equity Capital
159
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
159
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
9,216
7,820
Operating Profit
OPM %
Other Income
143
Interest
1,007
Depreciation
731
-208
Tax %
6.73%
Net Profit
-176
-2
Equity Capital
159
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
159
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
12,019
10,018
Operating Profit
OPM %
Other Income
250
Interest
784
Depreciation
771
838
Tax %
20.53%
Net Profit
612
7
Equity Capital
169
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
169
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
12,269
9,952
Operating Profit
OPM %
Other Income
92
Interest
774
Depreciation
827
752
Tax %
24.07%
Net Profit
490
5
Equity Capital
169
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
169
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
18,335
14,777
Operating Profit
OPM %
Other Income
178
Interest
836
Depreciation
915
1,969
Tax %
30.37%
Net Profit
1,294
13
Equity Capital
169
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
169
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
10,181
10,415
Operating Profit
OPM %
Other Income
217
Interest
852
Depreciation
832
-109
Tax %
33.03%
Net Profit
-73
0
Equity Capital
169
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
169
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
16,312
13,331
Operating Profit
3,476
OPM %
21
Other Income
495
Interest
782
Depreciation
672
1,922
Tax %
10
Net Profit
1,733
EPS
34
Dividend Payout %
21
Minority Interest
-6
Share of Associates
0
Adjusted EPS
22
Minority Interest
-6
Share of Associates
0
Adjusted EPS
22
Mar 2018
17,378
13,880
Operating Profit
3,927
OPM %
23
Other Income
429
Interest
791
Depreciation
675
2,305
Tax %
12
Net Profit
2,030
EPS
40
Dividend Payout %
20
Minority Interest
-8
Share of Associates
0
Adjusted EPS
25
Minority Interest
-8
Share of Associates
0
Adjusted EPS
25
Mar 2019
21,837
18,080
Operating Profit
4,089
OPM %
19
Other Income
332
Interest
998
Depreciation
881
1,773
Tax %
11
Net Profit
1,575
EPS
20
Dividend Payout %
27
Minority Interest
-84
Share of Associates
0
Adjusted EPS
19
Minority Interest
-84
Share of Associates
0
Adjusted EPS
19
Mar 2020
35,756
28,983
Operating Profit
7,039
OPM %
20
Other Income
266
Interest
1,643
Depreciation
2,012
2,764
Tax %
21
Net Profit
2,178
EPS
23
Dividend Payout %
26
Minority Interest
-402
Share of Associates
0
Adjusted EPS
22
Minority Interest
-402
Share of Associates
0
Adjusted EPS
22
Mar 2021
38,694
30,343
Operating Profit
8,610
OPM %
22
Other Income
259
Interest
2,060
Depreciation
2,173
4,181
Tax %
16
Net Profit
3,495
EPS
36
Dividend Payout %
27
Minority Interest
-624
Share of Associates
0
Adjusted EPS
36
Minority Interest
-624
Share of Associates
0
Adjusted EPS
36
Mar 2022
46,240
36,726
Operating Profit
9,810
OPM %
21
Other Income
296
Interest
2,295
Depreciation
2,359
4,966
Tax %
11
Net Profit
4,437
EPS
46
Dividend Payout %
21
Minority Interest
-811
Share of Associates
0
Adjusted EPS
45
Minority Interest
-811
Share of Associates
0
Adjusted EPS
45
Mar 2023
53,576
43,380
Operating Profit
10,673
OPM %
20
Other Income
477
Interest
2,963
Depreciation
2,547
5,150
Tax %
14
Net Profit
4,414
EPS
46
Dividend Payout %
21
Minority Interest
-844
Share of Associates
0
Adjusted EPS
46
Minority Interest
-844
Share of Associates
0
Adjusted EPS
46
Mar 2024
43,098
38,559
Operating Profit
5,022
OPM %
12
Other Income
483
Interest
3,852
Depreciation
2,763
-2,087
Tax %
10
Net Profit
-1,878
EPS
-16
Dividend Payout %
-6
Minority Interest
678
Share of Associates
0
Adjusted EPS
-15
Minority Interest
678
Share of Associates
0
Adjusted EPS
-15
Mar 2025
46,637
39,037
Operating Profit
8,086
OPM %
17
Other Income
486
Interest
3,627
Depreciation
2,750
829
Tax %
1
Net Profit
820
EPS
11
Dividend Payout %
53
Minority Interest
77
Share of Associates
0
Adjusted EPS
11
Minority Interest
77
Share of Associates
0
Adjusted EPS
11
Mar 2026
51,839
42,567
Operating Profit
9,935
OPM %
19
Other Income
663
Interest
3,401
Depreciation
3,244
3,157
Tax %
30
Net Profit
2,220
EPS
23
Dividend Payout %
26
Minority Interest
-298
Share of Associates
0
Adjusted EPS
23
Minority Interest
-298
Share of Associates
0
Adjusted EPS
23
TTM
52,804
45,162
Operating Profit
OPM %
Other Income
737
Interest
3,246
Depreciation
3,345
3,450
Tax %
27
Net Profit
2,535
EPS
Dividend Payout %
Minority Interest
-750
Share of Associates
-295
Adjusted EPS
Minority Interest
-750
Share of Associates
-295
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
14%
5 Years:
6%
3 Years:
-1%

COMPOUNDED PROFIT GROWTH

10 Years:
7%
5 Years:
-8%
3 Years:
-19%

STOCK PRICE CAGR

10 Years:
3%
5 Years:
-4%
3 Years:
1%
1 Year:
-20%

RETURN ON EQUITY

10 Years:
15%
5 Years:
9%
3 Years:
1%
Last Year:
7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Jul 17

₹ 3

Rs.6.0000 per share(300%)Final Dividend

2025

Jul 11

₹ 3

Rs.6.0000 per share(300%)Final Dividend

2024

Aug 12

₹ 0.50

Rs.1.0000 per share(50%)Final Dividend

2023

Aug 3

₹ 5

Rs.10.0000 per share(500%)Final Dividend

2022

Jul 27

₹ 5

Rs.10.0000 per share(500%)Final Dividend

2021

Jul 14

₹ 5

Rs.10.0000 per share(500%)Final Dividend

2018

Aug 9

₹ 4

Rs.8.0000 per share(400%)Dividend

2017

Jun 22

₹ 3.50

Rs.7.0000 per share(350%)Dividend

2016

Jun 16

₹ 2.50

Rs.5.0000 per share(250%)Dividend

2019

Aug 2

₹ 4

Rs.8.0000 per share(400%)Dividend

Mar 2017
101
7,212
708
Trade Payables
4,875
6,815
Total Liabilities
19,711
4,071
Capital Work in Progress
633
378
4,156
0
Cash & Bank
2,895
7,578
Total Assets
19,711
Total Debt
6,361
Net Working Capital
6,630
Contingent Liabilities
648
Book Value per Share
144.81
Face Value
2.00
Total Debt
6,361
Net Working Capital
6,630
Contingent Liabilities
648
Book Value per Share
144.81
Face Value
2.00
Mar 2018
102
9,067
634
Trade Payables
5,675
7,036
Total Liabilities
22,514
4,437
Capital Work in Progress
1,090
1,034
4,538
0
Cash & Bank
2,894
8,521
Total Assets
22,514
Total Debt
6,638
Net Working Capital
7,362
Contingent Liabilities
436
Book Value per Share
179.78
Face Value
2.00
Total Debt
6,638
Net Working Capital
7,362
Contingent Liabilities
436
Book Value per Share
179.78
Face Value
2.00
Mar 2019
102
14,613
2,478
Trade Payables
9,847
35,395
Total Liabilities
62,435
32,149
Capital Work in Progress
1,166
708
9,133
0
Cash & Bank
2,851
16,428
Total Assets
62,435
Total Debt
29,139
Net Working Capital
10,434
Contingent Liabilities
383
Book Value per Share
288.53
Face Value
2.00
Total Debt
29,139
Net Working Capital
10,434
Contingent Liabilities
383
Book Value per Share
288.53
Face Value
2.00
Mar 2020
153
16,144
1,298
Trade Payables
10,233
40,602
Total Liabilities
68,430
35,322
Capital Work in Progress
1,059
558
7,850
0
Cash & Bank
6,752
16,889
Total Assets
68,430
Total Debt
28,704
Net Working Capital
12,506
Contingent Liabilities
434
Book Value per Share
213.03
Face Value
2.00
Total Debt
28,704
Net Working Capital
12,506
Contingent Liabilities
434
Book Value per Share
213.03
Face Value
2.00
Mar 2021
153
17,747
1,520
Trade Payables
12,759
36,586
Total Liabilities
68,765
34,765
Capital Work in Progress
899
618
9,422
0
Cash & Bank
4,853
18,208
Total Assets
68,765
Total Debt
23,771
Net Working Capital
10,388
Contingent Liabilities
481
Book Value per Share
233.99
Face Value
2.00
Total Debt
23,771
Net Working Capital
10,388
Contingent Liabilities
481
Book Value per Share
233.99
Face Value
2.00
Mar 2022
153
21,502
4,117
Trade Payables
16,552
38,279
Total Liabilities
80,603
36,193
Capital Work in Progress
1,184
1,922
13,078
0
Cash & Bank
6,120
22,106
Total Assets
80,603
Total Debt
28,852
Net Working Capital
11,704
Contingent Liabilities
2,438
Book Value per Share
283.07
Face Value
2.00
Total Debt
28,852
Net Working Capital
11,704
Contingent Liabilities
2,438
Book Value per Share
283.07
Face Value
2.00
Mar 2023
150
26,688
1,219
Trade Payables
17,614
40,245
Total Liabilities
85,916
38,713
Capital Work in Progress
1,197
1,615
13,985
0
Cash & Bank
6,097
24,309
Total Assets
85,916
Total Debt
22,999
Net Working Capital
12,951
Contingent Liabilities
2,283
Book Value per Share
357.84
Face Value
2.00
Total Debt
22,999
Net Working Capital
12,951
Contingent Liabilities
2,283
Book Value per Share
357.84
Face Value
2.00
Mar 2024
150
24,637
4,233
Trade Payables
15,684
39,247
Total Liabilities
83,951
39,056
Capital Work in Progress
1,106
2,154
12,776
16,354
Cash & Bank
6,036
6,469
Total Assets
83,951
Total Debt
28,243
Net Working Capital
12,438
Contingent Liabilities
2,952
Book Value per Share
330.49
Face Value
2.00
Total Debt
28,243
Net Working Capital
12,438
Contingent Liabilities
2,952
Book Value per Share
330.49
Face Value
2.00
Mar 2025
159
29,054
1,016
Trade Payables
14,648
39,803
Total Liabilities
84,680
39,084
Capital Work in Progress
615
2,328
10,316
15,505
Cash & Bank
9,537
7,295
Total Assets
84,680
Total Debt
23,536
Net Working Capital
11,048
Contingent Liabilities
3,683
Book Value per Share
367.46
Face Value
2.00
Total Debt
23,536
Net Working Capital
11,048
Contingent Liabilities
3,683
Book Value per Share
367.46
Face Value
2.00
Mar 2026
169
34,527
1,592
Trade Payables
17,102
37,886
Total Liabilities
91,276
42,153
Capital Work in Progress
999
2,666
12,676
17,874
Cash & Bank
6,086
8,822
Total Assets
91,276
Total Debt
21,860
Net Working Capital
7,414
Contingent Liabilities
3,900
Book Value per Share
410.60
Face Value
2.00
Total Debt
21,860
Net Working Capital
7,414
Contingent Liabilities
3,900
Book Value per Share
410.60
Face Value
2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
2,585
Cash from Investing
-999
Cash from Financing
140
1,726
Free Cash Flow
1,971
OCF / Net Profit
1.49
Cumulative 5-Year FCF
0
OCF / Net Profit
1.49
Cumulative 5-Year FCF
0
Mar 2018
2,839
Cash from Investing
-2,093
Cash from Financing
-801
-55
Free Cash Flow
1,187
OCF / Net Profit
1.40
Cumulative 5-Year FCF
0
OCF / Net Profit
1.40
Cumulative 5-Year FCF
0
Mar 2019
2,356
Cash from Investing
-30,920
Cash from Financing
28,894
330
Free Cash Flow
-27,623
OCF / Net Profit
1.50
Cumulative 5-Year FCF
0
OCF / Net Profit
1.50
Cumulative 5-Year FCF
0
Mar 2020
8,739
Cash from Investing
-2,643
Cash from Financing
-2,175
3,921
Free Cash Flow
3,970
OCF / Net Profit
4.01
Cumulative 5-Year FCF
0
OCF / Net Profit
4.01
Cumulative 5-Year FCF
0
Mar 2021
7,212
Cash from Investing
-2,101
Cash from Financing
-6,713
-1,602
Free Cash Flow
6,331
OCF / Net Profit
2.06
Cumulative 5-Year FCF
-14,164
OCF / Net Profit
2.06
Cumulative 5-Year FCF
-14,164
Mar 2022
6,496
Cash from Investing
-3,819
Cash from Financing
-1,921
756
Free Cash Flow
3,188
OCF / Net Profit
1.46
Cumulative 5-Year FCF
-12,947
OCF / Net Profit
1.46
Cumulative 5-Year FCF
-12,947
Mar 2023
7,751
Cash from Investing
-1,490
Cash from Financing
-6,227
34
Free Cash Flow
3,033
OCF / Net Profit
1.76
Cumulative 5-Year FCF
-11,101
OCF / Net Profit
1.76
Cumulative 5-Year FCF
-11,101
Mar 2024
2,321
Cash from Investing
-2,478
Cash from Financing
164
7
Free Cash Flow
-406
OCF / Net Profit
-1.24
Cumulative 5-Year FCF
16,116
OCF / Net Profit
-1.24
Cumulative 5-Year FCF
16,116
Mar 2025
10,151
Cash from Investing
-1,840
Cash from Financing
-4,793
3,518
Free Cash Flow
8,280
OCF / Net Profit
12.38
Cumulative 5-Year FCF
20,426
OCF / Net Profit
12.38
Cumulative 5-Year FCF
20,426
Mar 2026
7,855
Cash from Investing
-2,362
Cash from Financing
-9,883
-4,390
Free Cash Flow
560
OCF / Net Profit
3.54
Cumulative 5-Year FCF
14,655
OCF / Net Profit
3.54
Cumulative 5-Year FCF
14,655

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
EPS (₹)
34.14
Book Value (₹)
144.81
Dividend per Share (₹)
7.00
Cash EPS (₹)
30.45
Operating Margin %
20.84%
Net Margin %
10.39%
ROE %
36.86%
ROCE %
21.71%
9.58%
Debtor Days
118
Inventory Days
87
Payable Days
206
-2
Debt to Equity (x)
0.86x
Interest Coverage (x)
3.46x
1.94x
Revenue Growth %
16.12%
Operating Profit Growth %
28.22%
Net Profit Growth %
82.04%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2018
EPS (₹)
39.65
Book Value (₹)
179.78
Dividend per Share (₹)
8.00
Cash EPS (₹)
33.92
Operating Margin %
18.43%
Net Margin %
9.53%
ROE %
24.63%
ROCE %
20.94%
9.62%
Debtor Days
100
Inventory Days
74
Payable Days
237
-63
Debt to Equity (x)
0.72x
Interest Coverage (x)
3.91x
1.96x
Revenue Growth %
6.54%
Operating Profit Growth %
12.97%
Net Profit Growth %
17.14%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2019
EPS (₹)
29.24
Book Value (₹)
288.53
Dividend per Share (₹)
8.00
Cash EPS (₹)
30.79
Operating Margin %
15.86%
Net Margin %
6.11%
ROE %
13.19%
ROCE %
9.29%
3.71%
Debtor Days
126
Inventory Days
97
Payable Days
260
-37
Debt to Equity (x)
1.98x
Interest Coverage (x)
2.78x
1.64x
Revenue Growth %
25.66%
Operating Profit Growth %
4.13%
Net Profit Growth %
-22.41%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2020
EPS (₹)
23.22
Book Value (₹)
213.03
Dividend per Share (₹)
6.00
Cash EPS (₹)
52.54
Operating Margin %
16.78%
Net Margin %
5.19%
ROE %
14.05%
ROCE %
9.60%
3.33%
Debtor Days
102
Inventory Days
74
Payable Days
196
-19
Debt to Equity (x)
1.49x
Interest Coverage (x)
2.68x
1.75x
Revenue Growth %
63.74%
Operating Profit Growth %
72.14%
Net Profit Growth %
38.29%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
37.53
Book Value (₹)
233.99
Dividend per Share (₹)
10.00
Cash EPS (₹)
71.07
Operating Margin %
18.89%
Net Margin %
7.67%
ROE %
20.44%
ROCE %
13.47%
5.09%
Debtor Days
96
Inventory Days
69
Payable Days
220
-54
Debt to Equity (x)
1.14x
Interest Coverage (x)
3.03x
1.53x
Revenue Growth %
8.22%
Operating Profit Growth %
22.32%
Net Profit Growth %
60.47%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
47.40
Book Value (₹)
283.07
Dividend per Share (₹)
10.00
Cash EPS (₹)
85.21
Operating Margin %
17.92%
Net Margin %
8.10%
ROE %
22.43%
ROCE %
15.26%
5.94%
Debtor Days
92
Inventory Days
75
Payable Days
242
-76
Debt to Equity (x)
1.33x
Interest Coverage (x)
3.16x
1.42x
Revenue Growth %
19.50%
Operating Profit Growth %
13.94%
Net Profit Growth %
26.95%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
47.60
Book Value (₹)
357.84
Dividend per Share (₹)
10.00
Cash EPS (₹)
89.02
Operating Margin %
16.56%
Net Margin %
6.85%
ROE %
18.20%
ROCE %
16.16%
5.30%
Debtor Days
95
Inventory Days
77
Payable Days
229
-57
Debt to Equity (x)
0.86x
Interest Coverage (x)
2.74x
1.45x
Revenue Growth %
15.87%
Operating Profit Growth %
8.80%
Net Profit Growth %
-0.52%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
-16.00
Book Value (₹)
330.49
Dividend per Share (₹)
1.00
Cash EPS (₹)
11.32
Operating Margin %
8.54%
Net Margin %
-3.53%
ROE %
-7.28%
ROCE %
3.43%
-2.21%
Debtor Days
119
Inventory Days
92
Payable Days
248
-38
Debt to Equity (x)
1.14x
Interest Coverage (x)
0.46x
1.46x
Revenue Growth %
-19.56%
Operating Profit Growth %
-52.95%
Net Profit Growth %
-142.55%
-133.61%
P/E (x)
0.00x
P/B (x)
1.38x
Dividend Yield %
0.22%
11.23x
Mar 2025
EPS (₹)
11.28
Book Value (₹)
367.46
Dividend per Share (₹)
6.00
Cash EPS (₹)
44.91
Operating Margin %
13.50%
Net Margin %
1.46%
ROE %
3.04%
ROCE %
8.42%
0.97%
Debtor Days
103
Inventory Days
75
Payable Days
229
-50
Debt to Equity (x)
0.81x
Interest Coverage (x)
1.23x
1.39x
Revenue Growth %
8.21%
Operating Profit Growth %
61.01%
Net Profit Growth %
143.66%
170.52%
P/E (x)
56.39x
P/B (x)
1.73x
Dividend Yield %
0.94%
7.99x
Mar 2026
EPS (₹)
22.75
Book Value (₹)
410.60
Dividend per Share (₹)
6.00
Cash EPS (₹)
64.66
Operating Margin %
14.79%
Net Margin %
3.54%
ROE %
6.95%
ROCE %
12.00%
2.52%
Debtor Days
97
Inventory Days
67
Payable Days
224
-60
Debt to Equity (x)
0.63x
Interest Coverage (x)
1.93x
1.21x
Revenue Growth %
11.15%
Operating Profit Growth %
22.87%
Net Profit Growth %
170.73%
101.59%
P/E (x)
24.96x
P/B (x)
1.38x
Dividend Yield %
1.06%
6.42x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
32.52
34.51
15.74
0.00
13.92
Sep 2024
32.52
34.22
17.64
0.00
12.28
Dec 2024
33.51
32.52
18.70
0.00
12.33
Mar 2025
33.50
34.22
18.36
0.00
10.93
Jun 2025
33.50
34.90
18.09
0.00
10.57
Sep 2025
33.50
37.01
17.17
0.00
9.45
Dec 2025
33.50
38.84
16.71
0.01
8.78
Mar 2026
33.51
41.78
14.63
0.02
8.74
Jun 2026
33.51
42.39
14.32
0.02
8.44

Documents

Announcements

  • Acquisition

    2026-08-15 - UPL Limited has informed the Exchange about Acquisition of Misr Hytech Seed International S.A.E., an Egyptian entity by Advanta Holdings B.V.

  • Credit Rating- Revision

    2026-08-14 - UPL Limited has informed the Exchange about revision in credit rating outlook by S&P from "Stable" to "Positive" for UPL Corporation Limited.

Credit Ratings

  • Credit Rating- Revision

    2026-08-14 - UPL Limited has informed the Exchange about revision in credit rating outlook by S&P from "Stable" to "Positive" for UPL Corporation Limited.

  • Credit Rating- Revision

    2026-06-25 - UPL Limited has informed the Exchange about revision in rating.

  • Credit Rating- Revision

    2025-08-06 - UPL Limited has informed the Exchange about revision in credit rating outlook by Moody s for UPL Corporation Limited.

Concalls