1. India Stocks

  2. •

    Process industries

  3. •

    Chemicals: agricultural
UPL Limited

UPL Limited

11.32
USD
+0.24
(+2.15%)
0.38EPS
40.57P/E
5.91BMarket Cap
Nov 14Next Earn
UPL Limited
IOB:UPLL
(London Stock Exchange (International))

Recent

price

11.32

P/E

ratio

40.57

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
162.61
209.94
256.19
309.59
357.6
349.95
406.71
431.36
542.88
890.8
964.6
1,154.24
1,357.97
1,088.72
1,200.35
1,236.33
1,184.24
Revenue per Share
16.59
16.49
20.99
27.61
34.14
23.72
43.56
50.88
37.44
44.59
72.08
91.04
91.24
-30.67
23.27
46.32
32.66
Basic EPS, GAAP
2.97
-11.27
48.04
25.1
16.88
9.64
33.45
35.89
19.61
169.71
127.8
95.61
137.78
8.33
219.41
131.31
- -
Free Cash Flow per Basic Share
2.51
2.55
3.24
3.2
5.09
5.37
5.35
8.98
10.22
10.22
11.5
19.18
19.17
19.14
2
11.52
- -
Dividend per Share
103.19
114.82
134.22
156.58
159.85
175.72
184.51
230.23
369.53
484.11
524.43
619.19
762.74
710.32
762.62
822.02
- -
Book Value per Share
66.05
56.12
67.76
88.57
105.45
123.62
140.45
185.23
-337.29
-271.59
-199.61
-119.74
-36.29
-87.25
14.57
7.32
- -
Tangible Book Value per Share
350
361
354
344
335
396
396
397
398
398
398
398
391
391
385
415
422
Basic Weighted Avg Shares
56,934
75,809
90,614
106,502
119,845
138,710
161,240
171,410
216,210
354,780
384,180
459,710
531,340
425,990
462,620
513,030
500,010
Sales/Revenue/Turnover
15.26
14.6
14.53
15.81
16.17
14.17
15.95
15.35
14.46
14.56
16.84
16.97
16.47
6.69
12.15
13.85
12.64
Operating Margin (%)
2,138
2,924
3,537
4,069
4,245
6,760
6,720
6,750
8,800
20,120
21,730
23,590
25,470
27,630
27,500
32,440
33,050
Depreciation Expense
5,810
5,953
7,423
9,498
11,440
9,400
17,270
20,220
14,910
17,760
28,710
36,260
35,700
-12,000
8,970
19,220
13,790
Net Income, GAAP
11
17.57
21.52
19.17
17.3
14.77
9.83
11.93
11.17
21.2
16.41
10.65
14.29
- -
1.09
29.68
32.2
Effective Tax Rate (%)
10.2
7.85
8.19
8.92
9.55
6.78
10.71
11.8
6.9
5.01
7.47
7.89
6.72
-2.82
1.94
3.75
2.76
Profit Margin (%)
17,466
26,270
32,392
29,114
29,260
30,390
66,700
73,820
104,610
125,560
104,430
117,520
129,910
124,670
110,920
75,470
- -
Working Capital
10,023
23,772
28,123
22,543
17,930
22,660
53,500
58,730
263,820
279,570
227,260
222,310
208,190
249,680
192,560
165,560
- -
LT Debt
37,440
44,230
48,795
54,195
54,050
59,330
74,300
91,880
181,710
225,930
245,800
293,080
354,290
327,060
378,260
412,690
- -
Total Equity
13.06
12.35
12.18
14.07
18.16
15.43
18.35
16.96
7.9
7.2
10.3
12.91
12.69
- -
8.04
7.16
- -
Return on Invested Capital (%)
12.29
11.06
11.26
13.26
14.88
13.41
18.02
17.1
6.98
5.21
7.03
8.37
9.16
- -
6.65
5.68
- -
Return on Capital (%)
17.3
15.07
16.83
19.2
21.58
16.72
26.16
24.53
12.48
10.45
14.29
15.92
13.1
-4.16
2.99
5.75
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
70,200
- -
LT Borrowings
- -
155,350
- -
LT Finance Leases
- -
10,210
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
423
422
422
Market Capitalization
656,605
591,575
559,304

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
422,950
- -
Cash, Cash Equivalents & STI
- -
66,960
- -
Accounts Receivable, Net
- -
187,090
- -
Inventories
- -
126,760
- -
Total Current Liabilities
- -
347,480
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
70,200
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.7%
11.44%
9.1%
Free Cash Flow
333.09%
476.15%
-35.56%
Net Income, GAAP
-1.4%
-33.87%
114.27%
Sales/Revenue/Turnover
15.6%
6.98%
10.9%
Total Cash Common Dividend
- -
99.18%
520.78%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
90,670
110,900
109,070
155,730
462,620
2026
92,160
- -
122,690
183,350
513,030
2027
101,810
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-9.81
-11.32
19.96
21.22
23.27
2026
-2.08
- -
9.37
25.14
46.32
2027
0.24
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
11.52
2027
- -
- -
- -
- -
- -
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Business
UPL Limited, an Indian multinational agrochemical company founded in 1969 and headquartered in Mumbai, Maharashtra, manufactures and markets a broad portfolio of crop protection products, seeds, biosolutions, and related agricultural offerings; its core products encompass herbicides, fungicides, insecticides, seed treatments, plant growth regulators, rodenticides, adjuvants, innovative nutrition solutions, fumigants, public health products, water conservation technologies, and post-harvest solutions including Decco brands. The company operates across the entire agrifood value chain, serving smallholder farmers, industrial operations, and cooperatives in nearly 140 countries with access to 90% of the world's food basket; key subsidiaries include Advanta Seeds for high-performance seeds and UPL Sustainable Agri Solutions. UPL ranks as the fifth-largest generics agrochemical provider globally, generating annual revenue exceeding US$6 billion through backward-integrated manufacturing and an R&D pipeline supported by multiple facilities. In recent developments, UPL's UK-based subsidiary UPL Global Limited enters a strategic partnership by acquiring a 49% stake in Thailand's Grow Chemical for $760,000 to enhance sustainable solutions for local farmers, with completion targeted by December 31, 2025. Through step-down subsidiary Advanta Seeds International Mauritius, UPL acquires 100% of Wuhan Advanta Seeds in China for $4,200, bolstering its Asian seeds footprint and set for closure by September 30, 2025. The company reports robust Q2 FY26 results with revenue up 8% to Rs 12,019 crore and profit at Rs 553 crore, alongside ongoing efforts to reduce debt, unlock seeds business value via potential Advanta IPO, and advance high-margin sustainable products aiming for over 50% of revenues by FY27.