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NSE:UPL

UPL LIMITED

Chemicals › Fertilizers & Agrochemicals·NIFTY 200NIFTY 500NIFTY INDIA FPI 150NIFTY LARGEMIDCAP 250+9
₹519.00
at close · 27 Oct 2026
▲ 21.30 (+4.28%)
ThemesBatteries & Energy Storage· growing

Latest filings

Next results: Mon, 2 Nov · Financial Results
  1. UPL to announce Q2 and H1 FY27 results on November 2, 2026 · Results
  2. UPL to approve Q2 and H1 FY27 results on November 2, 2026 · Results
  3. UPL files RTA certificate under SEBI Regulation 74(5) for Q2 FY27 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes and sells crop protection chemicals (pesticides and agrochemicals) globally, with crop protection accounting for 81.5% of segment revenue in FY26. Seeds and post-harvest products contributed 13.1% of segment revenue, and a non-agro segment made up the remaining 5.4%. The business is heavily export-oriented - on a standalone basis, exports made up 65.15% of revenue, and manufacturing of chemicals accounted for 83.2% of standalone turnover with the balance from wholesale trading. The company is consolidating its India and global crop protection businesses under one entity through a composite scheme of arrangement, is selling a loss-making Brazilian fertilizer associate, and is entering the US aquatics and water-treatment market via a step-down subsidiary. Raw materials are the largest input cost at 46.2% of revenue, followed by other operating expenses at 21.0% and employee costs at 11.2%.

Revenue mix · reported segments
Crop protection81.5%
Seeds & Post harvest13.1%
Non agro5.4%
Operating scale
Total revenue
Rs 51,839 croreFY26
Crop protection segment revenue
Rs 42,399 croreFY26
Seeds & Post harvest segment revenue
Rs 6,830 croreFY26
Non agro segment revenue
Rs 2,803 croreFY26
Exports share of standalone revenue
65.15%FY26
Manufacturing share of standalone turnover
83.2% (wholesale trading balance 16.8%)FY26
Who pays it
Farmers and agricultural distributors worldwide; wholesale trading customers accounting for 16.8% of standalone turnover
Biggest cost
Raw materials at 46.2% of revenue
Kind of business
Cyclical, export-heavy agrochemicals with global manufacturing and ongoing corporate restructuring
Where it sits
Listed Indian agrochemicals and crop protection company with overseas operations including in the US and Brazil
Market Cap
₹42,571 Cr
P / E (TTM)
20.9×
EV / EBITDA
5.8×
Div Yield
1.14%
Growth
6.0%▲
Revenue 5y CAGR
PAT -8.7% · EBITDA +3.6%
Quality
11.2%·
ROCE (5y median)
ROE 5.4% (5y median) · margin 19.3%
Leverage
0.53·
Debt / Equity · moderate
Net debt ₹16,071 Cr
Revenue FY21→FY26
1.3×▲
Margin −4.7 pts
₹38,694 Cr → ₹51,839 Cr
Cash conversion
3.40×▲
Operating cash ÷ profit · 5 yrs
₹34,075 Cr on ₹10,013 Cr
Moves on a normal day
0.94%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 29 Pesticides & Agrochemicals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#15/24
P/B#6/28
ROCE#18/29
ROE#18/28
Debt / Equity#21/29
EBITDA margin#12/28
Revenue growth#6/28
Profit growth#9/28

Scorecard

Measured from the filed financials, judged against its Pesticides & Agrochemicals peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹10,013 Cr of profit and ₹34,075 Cr of operating cash — 3.40×
Profit is converting into cash
Pays out 22% of profit as dividend
Concerns
Profit shrinking over 5 years (−9% a year)
Heavy working capital — 131 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

UPL · price

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

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from UPL LIMITED's filed financials and exchange disclosures

What does UPL LIMITED do?

UPL LIMITED is a Fertilizers & Agrochemicals company listed on NSE and BSE, trading under the symbol UPL.

Is UPL LIMITED profitable?

Yes. Over the trailing twelve months UPL LIMITED reported a net profit of ₹2,323 Cr on revenue of ₹52,804 Cr.

Does UPL LIMITED pay a dividend?

Yes. The dividend yield is 1.14% at the current price. It paid out 22% of its profit as dividend in FY26.

Is UPL LIMITED debt-free?

No. It reported borrowings of ₹22,046 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹16,071 Cr after cash. Debt stands at 0.53× equity. That is higher than 71% of its 29 Pesticides & Agrochemicals peers.

Is UPL LIMITED expensive compared with its peers?

On trailing P/E, UPL LIMITED ranks 15 of 24 in Pesticides & Agrochemicals — cheaper than 39% of them, against an industry median of 18.4×. This is a position, not a valuation judgement.

How much does the UPL LIMITED share price move in a day?

On a typical session UPL LIMITED moves 0.94% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are UPL LIMITED's next results?

Financial Results on Mon, 2 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track UPL LIMITED's announcements?

Every NSE and BSE filing by UPL LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.