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UPL Ltd.

ChemicalsPesticides & Agrochemicals

www.upl-ltd.com BSE: 512070NSE: UPL

₹553.10BSE1.73%

16 Sep, 4:01 PM

₹553.10

₹46.52K Cr

23.03

1.34

6.95%

₹563.10

₹550.80

₹812.00

₹550.80

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Price Performance

Peer Comparison

Name
UPL Ltd. UPL	553.10	23.03	46,517.95	1.09	-73.00	58.52%	10,181.00	10.47%	12.00
PI INDUS.LTD PIIND	2,265.00	29.50	34,364.15	0.66	244.20	-38.95%	1,702.30	-10.43%	16.00
SUMICHEM SUMICHEM	453.85	39.11	22,653.73	0.29	214.51	20.45%	1,063.35	0.62%	23.39
BAYER CROP BAYERCROP	3,945.50	319.96	17,731.90	3.80					22.36
SHARDACROP SHARDACROP	747.15	10.74	6,740.82	2.01	88.02	-38.36%	1,073.77	9.03%	31.10
DHAN AGRI DHANUKA	969.60	14.31	4,322.31	0.21	75.50	27.94%	442.02	20.01%	29.41
RALLIS INDIA RALLIS	202.90	23.99	3,945.77	1.48	-14.15	-274.26%	507.54	7.70%	13.53
NACLIND NACLIND	151.45	286.79	3,547.62	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
Net Block	36,193.00	38,713.00	39,056.00	39,084.00	42,153.00
Capital Work in Progress	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
Contingent Liabilities	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

23.03

1.34

6.19

0.88

23.93

411.12

Profitability

6.95

12.00

2.52

14.79

3.54

Leverage & Liquidity

0.63

1.21

1.93

Returns

1.09

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
	32.52	32.52	33.51	33.50	33.50	33.50	33.50	33.51	33.51
	50.25	51.86	51.22	52.57	52.99	54.18	55.57	56.43	56.73
	13.92	12.28	12.33	10.93	10.57	9.45	8.78	8.74	8.44
	64.17	64.17	63.55	63.50	63.56	63.63	64.35	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

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-07-27	Board Meeting	Quarterly Results
2026-06-25	AGM
2026-05-11	Ex Dividend	Rs.6.0000 per share(300%)Final Dividend	2026-07-17	2026-07-17

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