CARE upgrades UPL Limited long-term rating to AA+ with stable outlook

Rating UpgradedCredit & Debt View source PDF Explain this filing

UPL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.5%Reaction day

₹589.00

prior close

₹590.50

announcement price

After-mkt

timing

Nifty Midcap 150market-0.3%-2.2% vs market

Pesticides & Agrochemicals peers, median of 28sector-1.5%-1.0% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Midcap 150 and 1.0 pts less than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

-0.1

15m

+0.1

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-0.3-2.2-1.5-1.0

Next day

-3.0+0.1-3.1-1.1-1.8

-3.9+0.3-4.2-0.0-3.9

+0.1+0.8-0.7-0.2+0.3

+3.0+0.6+2.5+0.4+2.7

+3.5+1.0+2.5+0.2+3.3

-1.2-0.9-0.3-2.4+1.2

15d

+2.8+1.5+1.3+0.0+2.8

+3.1+1.6+1.5-3.5+6.6

-4.5+3.5-8.0-6.0+1.5

-8.7-3.9-4.7-11.4+2.7

UpDownMarket · Nifty Midcap 150Sector · Pesticides & Agrochemicals peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CARE Ratings has upgraded UPL Limited's long-term credit rating from AA; Stable to AA+; Stable, citing strong FY26 audited operational and financial performance. The short-term rating was reaffirmed at A1+. The upgrade covers bank facilities worth about Rs 2,500 crore across lenders like SBI, Bank of Baroda, and Axis Bank.

Likely market impact

Positive for shareholders - signals stronger financial health, likely lower future borrowing costs, and improved lender confidence.