UPL Limited

UPL.NS

UPL.NSUPL Limited IN flag

National Stock Exchange of India

601.45

INR

-6.60

(-1.09%)

-0.78EPS

-771.09P/E

507.88BMarket Cap

May 12Next Earn

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ISIN

INE628A01036

CUSIP

Y9305P100

Return %

Stock

S&P500

37.52

18.57

6.38

40.07

17.34

86.07

Use logarithmic scale

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	104.98	128.1	154.8	178.81	174.99	203.37	215.69	271.46	445.43	482.33	577.16	679.03	544.4	588.08
Basic EPS, GAAP	8.24	10.49	13.81	17.07	11.86	21.78	25.44	18.72	22.3	36.04	45.52	45.62	-15.34	0.54
Free Cash Flow per Basic Share	-5.63	24.02	12.55	8.44	4.82	16.72	17.94	9.81	84.86	63.9	47.81	68.89	-2.21	- -
Dividend per Share	1.27	1.62	1.6	2.55	2.69	2.67	4.49	5.11	5.11	5.75	9.59	9.58	9.57	- -
Book Value per Share	14.4	23.23	33.4	31.81	36.14	55.55	75.87	156.34	178.57	160.97	195.2	261.87	234.36	- -
Tangible Book Value per Share	31.71	36.47	45.64	53.44	52.82	70.64	93.07	-125.29	-94.23	-53.45	-1.53	53.23	19.16	- -
Basic Weighted Avg Shares	722	707	688	670	793	793	795	796	796	797	797	782	782	759
Sales/Revenue/Turnover	75,808	90,614	106,502	119,845	138,710	161,240	171,410	216,210	354,780	384,180	459,710	531,340	425,990	446,430
Operating Margin (%)	14.6	14.53	15.81	16.17	14.17	15.95	16.73	14.77	14.56	16.84	16.97	16.47	6.69	9.36
Depreciation Expense	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	28,390
Net Income, GAAP	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	410
Effective Tax Rate (%)	17.57	21.52	19.17	17.3	14.77	9.83	11.93	11.17	21.2	16.41	10.65	14.29	- -	366.67
Profit Margin (%)	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	0.09
Working Capital	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	- -
LT Debt	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	- -
Total Equity	44,230	48,794	54,195	54,050	59,330	74,300	91,880	181,710	225,930	245,800	293,080	354,290	327,060	- -
Return on Invested Capital (%)	12.92	12.42	15.63	18.15	16.73	19.01	17.41	9.12	8.3	10.82	13.39	13.11	- -	- -
Return on Capital (%)	17.27	17.68	19.89	22.56	19.27	23.63	21.49	7.63	5.63	8.08	10.01	10.9	- -	128.47
Return on Common Equity (%)	42.79	55.33	48.2	51.65	37.62	47.52	38.76	16.14	13.32	21.23	25.56	19.81	-6.18	- -

Capital Structure

•

in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	16.48%	17.56%	-19.83%
Net Income, GAAP	4.91%	-5.62%	-133.61%
Free Cash Flow	79.64%	130.78%	-103.21%
Total Cash Common Dividend	- -	- -	-0.13%
Total Equity	22.17%	13.11%	-7.69%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Mr. Jaidev Rajnikant Shroff B.Sc.
Full Time Employees: 12,000
Sector: Basic Materials
Industry: Agricultural Inputs
Address: UPL House, 610 B/2 Mumbai India 400051
IPO Date: Jul 1, 2002
Website: upl-ltd.com
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Business: UPL Limited engages in the provision of sustainable agriculture products and solutions in India and internationally. It operates through two segments, Agro Activity and Non-Agro Activity. The company offers sorghum, forages, corn, canola, sunflower, vegetable, rice, wheat, soya, pearl millet, oats, alfalfa, bio-fumigants, and mustard seeds. It also provides herbicides; fungicides; insecticides and acaricides; seed treatment products; adjuvants; and ProNutiva, a solution for crop protection. In addition, the company offers plant stress and stimulation solutions; post-harvest products including coatings, cleaners, sanitisers, fungicides, growth regulators, and anti-scald; soil and water technologies; aquatic treatment solutions; and farmer advisory and education services, as well as farm services. Further, it produces and sells industrial chemicals, chemical intermediates, speciality chemicals and non agricultural related products. UPL Limited has a strategic collaboration with Chr. Hansen Holding A/S to develop microbial-based biosolutions. The company was formerly known as United Phosphorus Limited and changed its name to UPL Limited in October 2013. UPL Limited was founded in 1969 and is headquartered in Mumbai, India.

	Jun'25	Sep'25	Dec'25
Total Current Assets	- -	377,870	- -
Accounts Receivable, Net	- -	157,190	- -
Cash, Cash Equivalents & STI	- -	47,270	- -
Inventories	- -	141,060	- -
Total Current Liabilities	- -	279,210	- -
Payables & Accruals	- -	- -	- -
ST Debt	- -	101,810	- -
Deferred Revenue	- -	- -	- -

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	104.98	128.1	154.8	178.81	174.99	203.37	215.69	271.46	445.43	482.33	577.16	679.03	544.4	588.08
Basic EPS, GAAP	8.24	10.49	13.81	17.07	11.86	21.78	25.44	18.72	22.3	36.04	45.52	45.62	-15.34	0.54
Free Cash Flow per Basic Share	-5.63	24.02	12.55	8.44	4.82	16.72	17.94	9.81	84.86	63.9	47.81	68.89	-2.21	- -
Dividend per Share	1.27	1.62	1.6	2.55	2.69	2.67	4.49	5.11	5.11	5.75	9.59	9.58	9.57	- -
Book Value per Share	14.4	23.23	33.4	31.81	36.14	55.55	75.87	156.34	178.57	160.97	195.2	261.87	234.36	- -
Tangible Book Value per Share	31.71	36.47	45.64	53.44	52.82	70.64	93.07	-125.29	-94.23	-53.45	-1.53	53.23	19.16	- -
Basic Weighted Avg Shares	722	707	688	670	793	793	795	796	796	797	797	782	782	759
Sales/Revenue/Turnover	75,808	90,614	106,502	119,845	138,710	161,240	171,410	216,210	354,780	384,180	459,710	531,340	425,990	446,430
Operating Margin (%)	14.6	14.53	15.81	16.17	14.17	15.95	16.73	14.77	14.56	16.84	16.97	16.47	6.69	9.36
Depreciation Expense	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	28,390
Net Income, GAAP	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	410
Effective Tax Rate (%)	17.57	21.52	19.17	17.3	14.77	9.83	11.93	11.17	21.2	16.41	10.65	14.29	- -	366.67
Profit Margin (%)	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	0.09
Working Capital	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	- -
LT Debt	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	- -
Total Equity	44,230	48,794	54,195	54,050	59,330	74,300	91,880	181,710	225,930	245,800	293,080	354,290	327,060	- -
Return on Invested Capital (%)	12.92	12.42	15.63	18.15	16.73	19.01	17.41	9.12	8.3	10.82	13.39	13.11	- -	- -
Return on Capital (%)	17.27	17.68	19.89	22.56	19.27	23.63	21.49	7.63	5.63	8.08	10.01	10.9	- -	128.47
Return on Common Equity (%)	42.79	55.33	48.2	51.65	37.62	47.52	38.76	16.14	13.32	21.23	25.56	19.81	-6.18	- -

Year	Q1	Q2	Q3	Q4	FY
2023	10.32	10.39	12.97	- -	45.62
2024	2.12	-2.44	-16.91	- -	-15.34
2025	-5.77	-5.66	9.98	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2023	108,210	125,070	136,790	161,270	531,340
2024	89,630	101,700	98,870	135,790	425,990
2025	90,670	110,900	109,070	- -	- -

	Jun'25	Sep'25	Dec'25
ST Debt	- -	101,810	- -
LT Borrowings	- -	220,540	- -
LT Finance Leases	- -	9,820	- -
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	- -	782	- -
Market Capitalization	393,592	424,901	380,323

UPL Limited

Growth Rates

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Company Description

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Capital Structure

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Quarterly Revenue

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