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UPL Ltd.

514.35−27.65 (−5.10%)

BSE · 30 Oct, 4:01 PM

: ₹43,419.85 Cr
: 21.50
: 73,029
: ₹541.00 - ₹513.50
: ₹812.00 - ₹476.50

UPL Ltd. (UPL) share price closed at ₹514.35 on the BSE on Friday, October 30, 2026, down by 5.10% from its of ₹542.00. In that session UPL reached a of 541.00 and of 513.50. The for the session was 521.49. The stands at 545.79 and is at 618.47. Looking at , the stock ended the session in Downtrend.

Stock Overview

₹540.00

₹542.00

₹521.49

₹545.79

Price 5.76% below

₹618.47

Price 16.84% below

Key Fundamentals

: 43,419.85 Cr₹43.42 Thousand Crore
: 23.93
: 21.50
: 1.25
: 411.12
: 10,063.04 Cr₹10.06 Thousand Crore
: 1.17 %
Sector
Industry: Pesticides & Agrochemicals
: 6.95
: 0.63

Industry Comparison

Ratio	Company	Sector
	21.50	22.15
	0.63	0.21
	1.25	2.07
	1.21	1.78
	1.17 %	0.43 %
Operating Margin	14.79 %	10.79 %

Sector figures are the median of 163 listed Chemicals companies.

Peer Comparison

Name
UPL Ltd. UPL	514.35	21.50	43,419.85	1.17	-73.00	58.52%	10,181.00	10.47%	12.00
PI INDUS.LTD PIIND	2,089.00	27.21	31,693.91	0.72	244.20	-38.95%	1,702.30	-10.43%	16.00
SUMICHEM SUMICHEM	313.00	28.19	15,623.26	0.41	157.40	-11.45%	907.31	-2.42%	23.39
BAYER CROP BAYERCROP	3,250.00	264.66	14,606.18	4.60					22.36
SHARDACROP SHARDACROP	668.85	9.32	6,034.40	2.26	91.73	23.36%	1,051.68	13.19%	31.10
DHAN AGRI DHANUKA	975.00	14.73	4,346.39	0.20	109.22	16.24%	657.51	9.91%	29.41
RALLIS INDIA RALLIS	183.90	21.77	3,576.28	1.63	-14.15	-274.26%	507.54	7.70%	13.53
NACLIND NACLIND	110.65	209.15	2,591.90	0.00	20.84	59.82%	383.33	-14.50%	6.20

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	14,078.00	9,067.00	11,090.00	10,907.00	15,573.00	9,216.00	12,019.00	12,269.00	18,335.00	10,181.00
Expenses	12,230.00	7,966.00	9,738.00	8,951.00	12,382.00	7,820.00	10,018.00	9,952.00	14,777.00	8,731.00
	1,848.00	1,101.00	1,352.00	1,956.00	3,191.00	1,396.00	2,001.00	2,317.00	3,558.00	1,450.00
	13.13%	12.14%	12.19%	17.93%	20.49%	15.15%	16.65%	18.88%	19.41%	14.24%
	21.00	49.00	103.00	94.00	-168.00	134.00	392.00	36.00	162.00	208.00
Interest	1,090.00	913.00	1,070.00	730.00	914.00	1,007.00	784.00	774.00	836.00	852.00
	794.00	660.00	697.00	688.00	705.00	731.00	771.00	827.00	915.00	832.00
	30.00	-455.00	-447.00	354.00	1,377.00	-190.00	784.00	671.00	1,892.00	-109.00
	366.67%	-15.82%	-30.87%	-140.96%	21.64%	7.37%	21.94%	26.97%	31.61%	33.03%
	40.00	-384.00	-443.00	828.00	896.00	-88.00	553.00	396.00	1,061.00	10.00
	0.53	-5.12	-5.91	10.68	11.27	-1.11	6.54	4.69	12.56	0.12

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	54,751.00	64,454.00	53,157.00	56,295.00	62,692.00
	46,240.00	53,576.00	43,098.00	46,637.00	51,839.00
EXPENDITURE :
Increase/Decrease in Stock	-2,022.00	-1,985.00	916.00	1,726.00	-1,845.00
Raw Material Consumed	24,094.00	29,266.00	23,578.00	22,497.00	27,736.00
Power & Fuel Cost	890.00	1,150.00	786.00	883.00	899.00
Employee Cost	4,622.00	5,056.00	4,682.00	5,309.00	5,807.00
Other Manufacturing Expenses	5,204.00	4,580.00	3,894.00	4,272.00	4,941.00
General and Administration Expenses	2,411.00	2,864.00	2,740.00	2,752.00	2,942.00
Selling and Distribution Expenses	803.00	1,235.00	857.00	795.00	969.00
Miscellaneous Expenses	724.00	1,214.00	1,106.00	803.00	1,118.00
	36,726.00	43,380.00	38,559.00	39,037.00	42,567.00
Operating Profit (Excl OI)	9,514.00	10,196.00	4,539.00	7,600.00	9,272.00
	296.00	477.00	483.00	486.00	663.00
	9,810.00	10,673.00	5,022.00	8,086.00	9,935.00
Interest	2,295.00	2,963.00	3,852.00	3,627.00	3,401.00
PBDT	7,515.00	7,710.00	1,170.00	4,459.00	6,534.00
	2,359.00	2,547.00	2,763.00	2,750.00	3,244.00
Profit Before Taxation & Exceptional Items	5,156.00	5,163.00	-1,593.00	1,709.00	3,290.00
Exceptional Income / Expenses	-324.00	-170.00	-252.00	-408.00	61.00
	4,966.00	5,150.00	-2,087.00	829.00	3,157.00
Provision for Tax	529.00	736.00	-209.00	9.00	937.00
	4,437.00	4,414.00	-1,878.00	820.00	2,220.00
Extra items				0.00	0.00
Minority Interest	-811.00	-844.00	678.00	77.00	-298.00
Consolidated Net Profit	3,626.00	3,570.00	-1,200.00	897.00	1,922.00
Profit Balance B/F	12,668.00	15,395.00	20,341.00	18,189.00	20,868.00
Appropriations	16,294.00	18,965.00	19,141.00	19,086.00	22,790.00
Equity Dividend %	500.00%	500.00%	50.00%	300.00%	300.00%
	47.40	47.60	-16.00	11.28	22.75
Adjusted EPS	45.46	45.66	-15.35	11.28	22.75

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	153.00	150.00	150.00	159.00	169.00
Share Warrants & Outstandings	20.00	20.00	20.00
Total Reserves	21,502.00	26,688.00	24,637.00	29,054.00	34,527.00
Reserve excluding Revaluation Reserve	21,502.00	26,688.00	24,637.00	29,054.00	34,527.00
	21,675.00	26,858.00	24,807.00	29,213.00	34,696.00
Minority Interest	4,647.00	8,571.00	7,899.00	8,613.00	6,573.00
Secured Loans				198.00	205.00
Unsecured Loans	24,591.00	20,144.00	24,010.00	18,065.00	15,330.00
Deferred Tax Assets / Liabilities	436.00	-199.00	-1,189.00	-1,332.00	-1,843.00
Other Long Term Liabilities	1,043.00	1,288.00	1,177.00	1,019.00	1,144.00
Long Term Provisions	235.00	217.00	386.00	335.00	423.00
Total Non-Current Liabilities	26,305.00	21,450.00	24,384.00	18,285.00	15,259.00
Trade Payables	16,552.00	17,614.00	15,684.00	14,648.00	17,102.00
Other Current Liabilities	6,330.00	9,046.00	6,099.00	12,136.00	14,900.00
Short Term Borrowings	4,117.00	1,219.00	4,233.00	1,016.00	1,592.00
Short Term Provisions	977.00	1,158.00	845.00	769.00	1,154.00
Total Current Liabilities	27,976.00	29,037.00	26,861.00	28,569.00	34,748.00
Total Liabilities	80,603.00	85,916.00	83,951.00	84,680.00	91,276.00
Gross Block	50,063.00	54,768.00	57,586.00	59,948.00	66,859.00
Less: Accumulated Depreciation	13,870.00	16,055.00	18,530.00	20,864.00	24,706.00
	36,193.00	38,713.00	39,056.00	39,084.00	42,153.00
	1,184.00	1,197.00	1,106.00	615.00	999.00
Non Current Investments	1,082.00	1,569.00	1,893.00	2,008.00	2,032.00
Long Term Investment	1,082.00	1,569.00	1,893.00	2,008.00	2,032.00
Long Term Loans & Advances	448.00	479.00	442.00	1,214.00	1,288.00
Other Non Current Assets	651.00	309.00	267.00	167.00	361.00
Total Non-Current Assets	40,875.00	43,888.00	44,623.00	45,019.00	48,981.00
Currents Investments	840.00	46.00	261.00	320.00	634.00
Inventories	13,078.00	13,985.00	12,776.00	10,316.00	12,676.00
Sundry Debtors	15,328.00	18,224.00	16,354.00	15,505.00	17,874.00
Cash and Bank	6,120.00	6,097.00	6,036.00	9,537.00	6,086.00
Other Current Assets	1,316.00	347.00	934.00	979.00	1,303.00
Short Term Loans and Advances	2,998.00	3,289.00	2,938.00	2,960.00	3,589.00
Total Current Assets	39,680.00	41,988.00	39,299.00	39,617.00	42,162.00
Net Current Assets (Including Current Investments)	11,704.00	12,951.00	12,438.00	11,048.00	7,414.00
Total Assets	80,603.00	85,916.00	83,951.00	84,680.00	91,276.00
	2,438.00	2,283.00	2,952.00	3,683.00	3,900.00
Total Debt	28,852.00	22,999.00	28,243.00	23,536.00	21,860.00
	283.07	357.84	330.49	367.46	410.60
Adjusted Book Value	271.52	343.23	317.00	367.46	410.60

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	4,966.00	5,150.00	-2,087.00	829.00	3,157.00
Adjustment	4,301.00	5,232.00	5,946.00	6,608.00	6,442.00
Changes In working Capital	-1,767.00	-1,369.00	-894.00	3,697.00	-1,173.00
Cash Flow after changes in Working Capital	7,500.00	9,013.00	2,965.00	11,134.00	8,426.00
Cash Flow from Operating Activities	6,496.00	7,751.00	2,321.00	10,151.00	7,855.00
Cash Flow from Investing Activities	-3,819.00	-1,490.00	-2,478.00	-1,840.00	-2,362.00
Cash Flow from Financing Activitie	-1,921.00	-6,227.00	164.00	-4,793.00	-9,883.00
Net Cash Inflow / Outflow	756.00	34.00	7.00	3,518.00	-4,390.00
Opening Cash & Cash Equivalents	4,797.00	5,797.00	5,967.00	5,943.00	9,478.00
Effect of Foreign Exchange Fluctuations	244.00	136.00	-31.00	17.00	887.00
Closing Cash & Cash Equivalent	5,797.00	5,967.00	5,943.00	9,478.00	5,975.00

Ratios

Valuation

21.50

1.25

5.88

0.82

23.93

411.12

Profitability

6.95

12.00

2.52

14.79

3.54

Leverage & Liquidity

0.63

1.21

1.93

Returns

1.17

0.71

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	32.52	32.52	33.51	33.50	33.50	33.50	33.50	33.51	33.51	33.51
	50.25	51.86	51.22	52.57	52.99	54.18	55.57	56.43	56.73	56.68
	13.92	12.28	12.33	10.93	10.57	9.45	8.78	8.74	8.44	8.50
	64.17	64.17	63.55	63.50	63.56	63.63	64.35	65.17	65.17	65.17
No. of Shareholders	4,38,889	3,76,289	3,59,355	3,23,800	3,06,975	2,84,675	2,68,604	2,76,989	2,72,868	2,80,071

Mutual Funds Invested(171)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 81 active funds hold 7.88% in UPL Ltd., contributing to ₹3.59K Cr of holdings

Fund				As of
SB SBI Contra Fund - Growth - Direct PlanEquity - Contra Fund	472.55	1.05	87,55,000	Sep '26
IP ICICI Prudential India Opportunities Fund - Growth - Direct PlanEquity - Thematic Fund - Other	450.82	1.24	83,52,467	Sep '26
KO Kotak Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	205.22	0.27	38,02,130	Sep '26
IP ICICI Prudential Mid Cap Fund - Growth - Direct PlanMid Cap Fund	187.05	2.35	34,65,469	Sep '26
SB SBI Multi Asset Allocation Fund - Growth - Direct PlanHybrid - Multi Asset Allocation	175.98	0.84	32,60,348	Sep '26
IP ICICI Prudential Multi Cap Fund - Growth - Direct PlanMulti Cap Fund	174.79	0.93	32,38,323	Sep '26
IP ICICI Prudential Commodities Fund - Growth - Direct PlanEquity - Thematic Fund - Other	161.22	3.90	29,86,869	Sep '26
SB SBI Balanced Advantage Fund - Growth - Direct PlanHybrid - Balanced Advantage	148.61	0.37	27,53,375	Sep '26
IP ICICI Prudential Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	138.01	0.39	25,56,885	Sep '26
IP ICICI Prudential Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	127.61	0.40	23,64,157	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-26	Board Meeting	Quarterly Results
2026-07-27	Board Meeting	Quarterly Results
2026-06-25	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

ChemicalsPesticides & Agrochemicals

UPL Ltd. operates in the Chemicals sector under the Pesticides & Agrochemicals industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

Sandeep Deshmukh

Company Secretary & Compliance Officer

—

Jaidev R Shroff

Chairman & Group CEO

—

Vikram R Shroff

Vice Chairman & Co-CEO

—

Hardeep Singh

Non Executive Director

—

Naina Lal Kidwai