Chemicals · NIFTY 500

UPL Limited

NSEUPL BSE512070 ISININE628A01036 SeriesEQ Listed on NSE · BSE

₹555.95 +1.25 (+0.23%) Updated 12 Nov, 6:47 pm IST

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Price, daily close-26.86% in a year

Today

Open: ₹555.00
Prev close: ₹554.70
Day high: ₹564.95
Day low: ₹550.50
Volume: 27.44 L
Value traded: ₹152.85 Cr
Upper circuit: ₹570.70
Lower circuit: ₹537.50
52W high: ₹812.20
52W low: ₹476.45
1 month: +11.19%
6 months: -20.04%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹46,978 Cr

P/E (TTM)24.85

P/B1.35

Book value / share₹412.12

EPS (TTM)₹22.37

ROE5.4%

Dividend yield1.08%

Dividend (12m)₹6.00 / share

Net margin (TTM)3.6%

Operating margin18.5%

Debt / equity0.94

Current ratio1.05

EV / EBITDA8.09

Sales growth (YoY qtr)-1.32%

Profit growth (YoY qtr)-23.87%

Sales CAGR 3Y-1.09%

Profit CAGR 3Y-18.65%

Shares84.50 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

9,887-1,217

Dec 23

14,07840.0

Mar 24

9,067-384

Jun 24

11,090-443

Sep 24

10,907828

Dec 24

15,573896

Mar 25

9,216-88.0

Jun 25

12,019553

Sep 25

12,269396

Dec 25

18,3351,061

Mar 26

10,18110.0

Jun 26

11,860421

Sep 26

Revenue · QoQ (vs last quarter)

—+42%-36%+22%-1.7%+43%-41%+30%+2.1%+49%-44%+16%

Revenue · YoY (vs a year ago)

————+10%+11%+1.6%+8.4%+12%+18%+10%-1.3%

Net profit · QoQ (vs last quarter)

—+103%-1,060%-15%+287%+8.2%-110%+728%-28%+168%-99%+4,110%

Net profit · YoY (vs a year ago)

————+168%+2,140%+77%+225%-52%+18%+111%-24%

RevenueNet profitLine = trend

-17.11

Dec 23

0.52

Mar 24

-6.02

Jun 24

-5.90

Sep 24

9.70

Dec 24

11.15

Mar 25

-1.98

Jun 25

6.74

Sep 25

4.69

Dec 25

12.57

Mar 26

0.12

Jun 26

4.99

Sep 26

EPS (₹) · YoY (vs a year ago)

————+157%+2,044%+67%+214%-52%+13%+106%-26%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	9,887	14,078	9,067	11,090	10,907	15,573	9,216	12,019	12,269	18,335	10,181	11,860
Other income	151	126	98.0	111	170	107	143	250	92.0	178	217	186
Total income	10,038	14,204	9,165	11,201	11,077	15,680	9,359	12,269	12,361	18,513	10,398	12,046
Raw material	6,323	9,009	4,520	5,823	5,329	8,551	4,961	6,136	6,362	6,469	5,621	6,615
Purchases	0.0	0.0	0.0	0.0	0.0	0.0	1,414	709	1,117	568	1,472	960
Employee cost	1,155	1,036	1,337	1,337	1,184	1,451	1,322	1,466	1,379	1,640	1,527	1,240
Other expenses	2,316	2,185	2,109	2,578	2,438	2,380	2,329	2,799	2,727	3,014	2,889	3,021
Total expenses	11,661	14,114	9,539	11,505	10,369	14,001	9,558	11,573	11,553	16,528	10,415	11,298
Operating profit	76.0	1,743	1,052	1,344	1,880	2,916	1,387	2,143	2,261	3,542	1,441	2,199
OPM %	0.8%	12.4%	11.6%	12.1%	17.2%	18.7%	15.0%	17.8%	18.4%	19.3%	14.2%	18.5%
Finance cost	1,191	1,090	913	1,070	730	914	1,007	784	774	836	852	819
Depreciation	676	794	660	697	688	705	731	771	827	915	832	819
Exceptional items	-17.0	-105	-49.0	-8.0	-76.0	-275	-9.0	142	-56.0	-16.0	-9.0	-1.0
Profit before tax	-1,640	-15.0	-423	-312	632	1,404	-208	838	752	1,969	-26.0	747
Tax	-59.0	110	72.0	138	-499	298	-14.0	172	181	598	-36.0	163
Net profit	-1,607	-80.0	-527	-585	853	1,079	-176	612	490	1,294	-73.0	452
Profit to shareholders	-1,217	40.0	-384	-443	828	896	-88.0	553	396	1,061	10.0	421
EPS (₹)	-17.11	0.52	-6.02	-5.90	9.70	11.15	-1.98	6.74	4.69	12.57	0.12	4.99

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

21,8373,3621,447

FY19

35,7566,1501,776

FY20

38,6948,1142,871

FY21

46,2409,2053,626

FY22

53,57610,0263,570

FY23

43,0984,287-1,200

FY24

46,6377,192897

FY25

51,8399,3331,922

FY26

Revenue · YoY (vs a year ago)

—+64%+8.2%+20%+16%-20%+8.2%+11%

Net profit · YoY (vs a year ago)

—+23%+62%+26%-1.5%-134%+175%+114%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	21,837	35,756	38,694	46,240	53,576	43,098	46,637	51,839
Other income	240	104	258	281	477	483	486	663
Total expenses	19,956	32,476	34,575	41,365	48,890	45,174	45,414	49,212
Employee cost	2,095	3,391	3,712	4,622	5,056	4,682	5,309	5,807
Operating profit	3,362	6,150	8,114	9,205	10,026	4,287	7,192	9,333
OPM %	15.4%	17.2%	21.0%	19.9%	18.7%	9.9%	15.4%	18.0%
Finance cost	963	1,481	2,060	2,295	2,963	3,852	3,627	3,401
Depreciation	969	2,012	2,173	2,359	2,547	2,763	2,750	3,244
Profit before tax	1,670	2,761	4,139	4,832	4,993	-1,845	1,301	3,351
Tax	165	586	686	529	736	-209	9.0	937
Tax rate %	9.9%	21.2%	16.6%	10.9%	14.7%	—	0.7%	28.0%
Net profit	1,519	2,178	3,495	4,437	4,414	-1,878	820	2,220
Profit to shareholders	1,447	1,776	2,871	3,626	3,570	-1,200	897	1,922
Net margin %	6.6%	5.0%	7.4%	7.8%	6.7%	-2.8%	1.9%	3.7%
EPS (₹)	28.41	23.24	36.40	45.87	45.79	-17.80	9.62	22.32

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

26,85822,9995,967

Mar 23

24,80728,4385,943

Mar 24

29,21323,7149,478

Mar 25

34,69622,0465,975

Mar 26

34,82432,7153,268

Sep 26

Shareholders' equity · YoY (vs a year ago)

—-7.6%+18%+19%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	26,858	24,807	29,213	34,696	34,824
Long-term borrowings	20,144	24,010	18,263	15,535	10,926
Short-term borrowings	2,855	4,428	5,451	6,511	21,789
Total borrowings	22,999	28,438	23,714	22,046	32,715
Current liabilities	29,037	26,861	28,569	34,748	45,045
Fixed assets (PPE)	8,164	8,443	8,107	8,474	8,321
Inventories	13,985	12,776	10,316	12,676	20,165
Trade receivables	18,224	16,354	15,505	17,874	18,637
Cash & equivalents	5,967	5,943	9,478	5,975	3,268
Current assets	41,988	39,299	39,617	42,162	47,445
Total assets	88,577	87,546	88,002	95,205	101,022
Debt / equity	0.86	1.15	0.81	0.64	0.94

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

6,496-3,819-1,921

FY22

7,751-1,490-6,227

FY23

1,822-2,478164

FY24

10,151-1,840-4,793

FY25

7,855-2,362-9,883

FY26

Operations · YoY (vs a year ago)

—+19%-76%+457%-23%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	6,496	7,751	1,822	10,151	7,855
Cash from investing	-3,819	-1,490	-2,478	-1,840	-2,362
Cash from financing	-1,921	-6,227	164	-4,793	-9,883
Spent on fixed assets	-2,022	-1,672	-1,159	-813	-1,666
Free cash flow	4,474	6,079	663	9,338	6,189
Net cash flow	756	34.0	-492	3,518	-4,390

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

32.5%Sep 24

33.5%Dec 24

33.5%Jan 25

33.5%Mar 25

33.5%Jun 25

33.5%Sep 25

33.5%Dec 25

33.5%Feb 26

33.5%Mar 26

33.5%Jun 26

33.5%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

33.5%promoter

Promoter & group: 33.51%
Public (FIIs, mutual funds, retail…): 66.49%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Rs 6 Per ShareEx 17-Jul-2026
Dividend - Rs 6 Per ShareEx 11-Jul-2025
Rights 1:8 @ Premium Rs 358/-Ex 26-Nov-2024
Dividend - Re 1 Per ShareEx 12-Aug-2024
Annual General Meeting/Dividend - Rs 10 Per ShareEx 03-Aug-2023
Dividend - Rs 10 Per ShareEx 27-Jul-2022
Dividend - Rs 10 Per ShareEx 14-Jul-2021
Dividend - Rs 6 Per ShEx 19-Aug-2020

Board meetings

UPL Limited has informed the Exchange about Board Meeting to be held on 02-Nov-2026 to inter-alia consider and approve the Unaudited Financial result…02-Nov-2026
Intimation of Board Meeting for the quarter and half year ended September 30, 2026.02-Nov-2026
UPL Limited has informed the Exchange about Board Meeting to be held on 03-Aug-2026 to inter-alia consider and approve the Unaudited Financial result…03-Aug-2026
the financial results for the quarter ended June 30, 2026.03-Aug-2026
the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend.11-May-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates6 Nov
Copy of Newspaper Publication6 Nov
Copy of Newspaper Publication3 Nov
Analysts/Institutional Investor Meet/Con. Call Updates2 Nov
Appointment2 Nov
Appointment2 Nov
Change in Auditors2 Nov

Latest news

UPL Outlook for the WeekEquitypandit · 8 Nov, 1:30 pm UPL shares jump 5% on speciality chemical business prospectsBusinessLine · 16 Oct, 12:30 pm Q1 results impact: UPL shares fall 6% as Jefferies cuts target price on below-estimate PATMoneycontrol.com · 4 Aug, 12:30 pm UPL plunges 7% as Q1 results disappoint investors; analysts mixed on stockBusiness Standard · 4 Aug, 12:30 pm UPL (NSEI:UPL) Stock Forecast & Analyst PredictionsSimply Wall St · 3 Nov, 1:30 pm UPL Share Price Falls 13% In Stock Market Today After Restructuring Plan AnnouncementSamco · 23 Feb, 1:30 pm UPL Stock Falls 5% Despite Revenue Surge As Company Announces Change In ManagementNDTV Profit · 4 Aug, 12:30 pm UPL shares decline 4% post Q4 earnings: Here's what investors should know from analysts' commentaryUpstox · 11 May, 12:30 pm

About

About UPL Limited

UPL Limited, formerly United Phosphorus Limited, is an Indian multinational company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals. Headquartered in Mumbai, the company is primarily engaged in the manufacture and marketing of conventional agrochemicals, seeds, and other agriculture-related products. It also manufactures fungicides, herbicides, insecticides, plant growth regulators, rodenticides, industrial and specialty chemicals, and nutrifeeds.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: UPL Limited
NSE symbol: UPL
BSE scrip code: 512070
ISIN: INE628A01036
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 23 Jan 2004
Face value: ₹2 per share
Market lot: 1 share
Shares issued: 84.50 crore
Index: NIFTY 500
Sector (NSE): Chemicals
Industry: Chemicals: Agricultural
Managing director / CEO: Jai Shroff
Chair: Jai Shroff
Headquarters: Mumbai, IN
Registered address: UPL Limited, Uniphos House, C.D. Marg, 11th Road, Madhu Park, Khar (West), Mumbai – 400052, India
Founded: 1969
Employees: 12,399
Financial year: April to March
Results basis: Consolidated
Website: upl-ltd.com

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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UPL Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers