UPL Limited

BSE: UPL512070ISIN INE628A01036

Commodities
Pesticides & Agrochemicals
BSE 200

BSE listing

Share price

₹559.90+5.55 (+1.00%)

as of 18 Sep 2026

52W high: ₹812.00
52W low: ₹550.00
Off 52W high: -31.05%
1M return: -1.55%
3M return: -7.85%
6M return: -10.41%
1Y return: -19.91%
20D avg volume: 1,40,948
50 DMA: ₹583.08
200 DMA: ₹652.59

Key ratios Consolidated

Market cap: ₹47,265 Cr
Current price: ₹559.90
52W high / low: ₹812.00 / ₹550.00
Face value: ₹2.00
P/E: 20.35
P/B: —
EPS (TTM): ₹27.52
Book value / share: —
ROE: —
ROCE: 11.20%
Operating margin: —
Net margin: —
Debt / equity: 0.53
Net debt: ₹16,071 Cr
Interest cover: 1.99
Dividend yield: 1.07%
Dividend / share (TTM): ₹6.00
Payout: 21.80%
Cash conversion cycle: 130.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	10,181	18,335	12,269	12,019	9,216	15,573	10,907	11,090	9,067	14,078	9,887	10,170
	217.00	178.00	92.00	250.00	143.00	107.00	170.00	111.00	98.00	126.00	151.00	105.00
	10,415	16,528	11,553	11,573	9,558	14,001	10,369	11,505	9,539	14,114	11,661	10,373
	5,621	6,469	6,362	6,136	4,961	8,551	5,329	5,823	4,520	9,009	6,323	5,232
	1,472	568.00	1,117	709.00	1,414	0.00	—	—	—	—	—	—
	1,527	1,640	1,379	1,466	1,322	1,451	1,184	1,337	1,337	1,036	1,155	1,251
	852.00	836.00	774.00	784.00	1,007	914.00	730.00	1,070	913.00	1,090	1,191	871.00
	832.00	915.00	827.00	771.00	731.00	705.00	688.00	697.00	660.00	794.00	676.00	657.00
	2,889	3,014	2,727	2,799	2,329	2,380	2,251	2,203	1,977	2,125	1,979	2,074
	-17.00	1,985	808.00	696.00	-199.00	1,679	708.00	-304.00	-374.00	90.00	-1,623	-98.00
	-9.00	-16.00	-56.00	142.00	-9.00	-275.00	-76.00	-8.00	-49.00	-105.00	-17.00	-87.00
	-26.00	1,969	752.00	838.00	-208.00	1,404	632.00	-312.00	-423.00	-15.00	-1,640	-185.00
	36.00	598.00	181.00	172.00	-14.00	298.00	499.00	138.00	72.00	110.00	59.00	96.00
	-73.00	1,294	490.00	612.00	-176.00	1,079	853.00	-585.00	-527.00	-80.00	-1,607	-293.00
	0.12	12.57	4.69	6.75	-1.98	11.42	9.98	-5.90	-6.02	0.00	-17.11	-2.54
Key metrics
	1,658	3,720	2,353	2,393	1,530	3,023	2,050	1,455	1,150	1,869	227.00	1,343
	16.30%	20.30%	19.20%	19.90%	16.60%	19.40%	18.80%	13.10%	12.70%	13.30%	2.30%	13.20%
	-0.70%	7.10%	4.00%	5.10%	-1.90%	6.90%	7.80%	-5.30%	-5.80%	-0.60%	-16.30%	-2.90%
	—	4.60%	—	2.80%	—	3.90%	—	—	—	—	—	—
	10.50%	17.70%	12.50%	8.40%	1.60%	10.60%	10.30%	9.00%	—	—	—	—
	58.50%	19.90%	-42.60%	204.60%	66.60%	1,448.80%	153.10%	-99.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	52,804	51,839	46,637	43,098	53,576	46,240	38,694	35,756	21,837	17,506
	737.00	663.00	486.00	483.00	477.00	281.00	258.00	104.00	240.00	414.00
	50,069	49,212	45,414	45,174	48,890	41,365	34,575	32,476	19,956	15,459
	24,588	23,928	24,223	24,494	27,281	22,072	19,096	18,743	10,904	8,112
	3,866	3,808	0.00	—	—	—	—	—	—	—
	6,012	5,807	5,309	4,682	5,056	4,622	3,712	3,391	2,095	1,713
	3,246	3,401	3,627	3,852	2,963	2,295	2,060	1,481	963.00	783.00
	3,345	3,244	2,750	2,763	2,547	2,359	2,173	2,012	969.00	675.00
	11,429	10,869	9,505	8,316	9,956	9,396	7,247	6,518	4,726	4,037
	3,472	3,290	1,709	-1,593	5,163	5,156	4,377	3,384	2,121	2,461
	61.00	61.00	-408.00	-252.00	-170.00	-324.00	-238.00	-623.00	-451.00	-63.00
	3,533	3,351	1,301	-1,845	4,993	4,832	4,139	2,761	1,670	2,398
	987.00	937.00	9.00	209.00	736.00	529.00	686.00	586.00	165.00	275.00
	2,323	2,220	820.00	-1,878	4,414	4,437	3,495	2,178	1,519	2,030
	24.13	22.32	9.85	-17.80	45.79	45.87	36.40	23.24	28.42	—
Key metrics
	10,124	9,996	7,678	4,770	10,503	9,486	8,372	6,254	3,602	3,856
	19.17%	19.30%	16.50%	11.10%	19.60%	20.50%	21.60%	17.50%	16.50%	22.00%
	4.40%	4.30%	1.80%	-4.40%	8.20%	9.60%	9.00%	6.10%	7.00%	11.60%
	—	11.20%	8.30%	—	—	—	—	—	—	—
	—	11.20%	8.20%	-19.60%	15.90%	19.50%	8.20%	63.70%	24.70%	—
	—	170.70%	143.70%	-142.50%	-0.50%	27.00%	60.50%	43.40%	-25.20%	—
	—	6,189	9,338	—	—	—	—	—	—	—
	—	3.54	12.38	—	—	—	—	—	—	—
	—	0.53	0.63	—	—	—	—	—	—	—
	—	16,071	14,236	—	—	—	—	—	—	—
	—	130.6	117.0	—	—	—	—	—	—	—
Balance sheet
	—	95,205	88,002	—	—	—	—	—	—	—
	—	42,162	39,617	—	—	—	—	—	—	—
	—	5,975	9,478	—	—	—	—	—	—	—
	—	17,874	15,505	—	—	—	—	—	—	—
	—	12,676	10,316	—	—	—	—	—	—	—
	—	3,247	2,827	—	—	—	—	—	—	—
	—	8,474	8,107	—	—	—	—	—	—	—
	—	12,018	10,867	—	—	—	—	—	—	—
	—	34,748	28,569	—	—	—	—	—	—	—
	—	22,046	23,714	—	—	—	—	—	—	—
	—	6,511	5,451	—	—	—	—	—	—	—
	—	15,535	18,263	—	—	—	—	—	—	—
	—	41,269	37,826	—	—	—	—	—	—	—
Cash flow
	—	7,855	10,151	—	—	—	—	—	—	—
	—	-2,362	-1,840	—	—	—	—	—	—	—
	—	-9,883	-4,793	—	—	—	—	—	—	—
	—	1,666	813.00	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,397	1,186	1,390	1,512	1,660	2,011	1,427	1,090	802.00	1,248	2,626	3,859
	123.00	417.00	74.00	321.00	94.00	10.00	5.00	113.00	2.00	13.00	20.00	758.00
	1,400	1,120	1,389	1,478	1,622	2,166	1,386	1,172	820.00	1,213	2,683	3,575
	455.00	269.00	425.00	680.00	479.00	451.00	590.00	220.00	503.00	387.00	1,498	2,941
	950.00	387.00	623.00	586.00	916.00	1,662	262.00	260.00	145.00	429.00	181.00	137.00
	64.00	57.00	55.00	61.00	65.00	60.00	44.00	41.00	43.00	21.00	102.00	132.00
	25.00	29.00	32.00	43.00	22.00	51.00	56.00	80.00	45.00	49.00	103.00	95.00
	25.00	28.00	32.00	32.00	33.00	34.00	39.00	28.00	34.00	28.00	172.00	172.00
	223.00	131.00	193.00	160.00	185.00	247.00	212.00	168.00	136.00	152.00	509.00	599.00
	120.00	483.00	75.00	355.00	132.00	-145.00	46.00	31.00	-16.00	48.00	-37.00	1,042
	0.00	-18.00	-14.00	0.00	0.00	1,857	255.00	—	—	—	22.00	—
	120.00	465.00	61.00	355.00	132.00	1,712	301.00	31.00	-16.00	48.00	-15.00	1,042
	31.00	106.00	29.00	83.00	10.00	-27.00	573.00	3.00	—	28.00	61.00	136.00
	89.00	359.00	32.00	272.00	122.00	1,739	992.00	147.00	61.00	-10.00	46.00	906.00
	1.05	4.25	0.37	3.32	1.53	22.16	11.50	0.37	-0.21	1.01	0.61	12.07
Key metrics
	170.00	522.00	125.00	430.00	187.00	1,797	396.00	139.00	63.00	125.00	260.00	1,309
	12.20%	44.00%	9.00%	28.40%	11.30%	89.40%	27.80%	12.80%	7.90%	10.00%	9.90%	33.90%
	6.40%	30.30%	2.30%	18.00%	7.30%	86.50%	69.50%	13.50%	7.60%	-0.80%	1.80%	23.50%
	—	3.40%	—	2.70%	—	13.00%	—	—	—	—	—	—
	-15.80%	-41.00%	-2.60%	38.70%	107.00%	61.10%	-45.70%	-71.80%	—	—	—	—
	-27.00%	-79.40%	-96.80%	85.00%	100.00%	17,490.00%	2,056.50%	-83.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	5,485	5,748	5,330	5,398	18,783	16,449	11,345	9,641	8,660	7,374
	935.00	906.00	147.00	804.00	462.00	631.00	113.00	506.00	560.00	435.00
	5,387	5,609	5,544	5,271	17,949	15,813	11,009	9,599	8,730	7,226
	1,829	1,799	1,883	2,962	10,708	8,690	5,639	4,705	4,741	3,517
	2,546	2,512	2,329	841.00	2,047	1,870	872.00	607.00	521.00	404.00
	237.00	238.00	189.00	115.00	828.00	767.00	685.00	646.00	551.00	486.00
	129.00	126.00	231.00	144.00	499.00	377.00	307.00	272.00	185.00	135.00
	117.00	125.00	135.00	130.00	951.00	1,044	977.00	891.00	724.00	666.00
	707.00	723.00	615.00	597.00	3,958	—	—	2,190	2,105	1,896
	1,033	1,045	-67.00	931.00	1,296	1,267	449.00	548.00	490.00	583.00
	-32.00	-32.00	2,112	—	-12.00	-6.00	-15.00	-10.00	-4.00	-7.00
	1,001	1,013	2,045	931.00	1,284	1,261	434.00	538.00	486.00	576.00
	249.00	228.00	-598.00	40.00	309.00	85.00	214.00	77.00	81.00	28.00
	752.00	785.00	2,939	1,208	975.00	1,176	220.00	461.00	405.00	548.00
	8.99	9.46	38.13	11.87	12.96	15.39	2.88	6.03	7.96	—
Key metrics
	1,247	1,264	2,411	1,205	2,734	2,682	1,718	1,701	1,395	1,377
	22.73%	22.00%	45.20%	22.30%	14.60%	16.30%	15.10%	17.60%	16.10%	18.70%
	13.71%	13.70%	55.10%	22.40%	5.20%	7.10%	1.90%	4.80%	4.70%	7.40%
	—	7.70%	16.80%	—	—	—	—	—	—	—
	—	7.80%	-1.30%	-71.30%	14.20%	45.00%	17.70%	11.30%	17.40%	—
	—	-73.30%	143.30%	23.90%	-17.10%	434.50%	-52.30%	13.80%	-26.10%	—
	—	-2,279	-1,178	—	—	—	—	—	—	—
	—	-2.86	-0.31	—	—	—	—	—	—	—
	—	0.06	0.05	—	—	—	—	—	—	—
	—	807.00	466.00	—	—	—	—	—	—	—
	—	164.6	90.7	—	—	—	—	—	—	—
Balance sheet
	—	17,951	17,941	—	—	—	—	—	—	—
	—	7,921	7,175	—	—	—	—	—	—	—
	—	29.00	104.00	—	—	—	—	—	—	—
	—	3,313	3,694	—	—	—	—	—	—	—
	—	485.00	440.00	—	—	—	—	—	—	—
	—	3,860	2,773	—	—	—	—	—	—	—
	—	712.00	660.00	—	—	—	—	—	—	—
	—	1,207	2,810	—	—	—	—	—	—	—
	—	3,206	4,429	—	—	—	—	—	—	—
	—	836.00	570.00	—	—	—	—	—	—	—
	—	836.00	570.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	14,036	12,021	—	—	—	—	—	—	—
Cash flow
	—	-2,243	-923.00	—	—	—	—	—	—	—
	—	783.00	843.00	—	—	—	—	—	—	—
	—	1,385	38.00	—	—	—	—	—	—	—
	—	36.00	255.00	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -32.61%
Sales CAGR 5Y: -12.71%
Sales CAGR 10Y: —
Profit CAGR 3Y: -6.97%
Profit CAGR 5Y: +28.97%
Profit CAGR 10Y: —
Sales YoY (TTM): -11.36%
Profit YoY (TTM): -74.93%

Consolidated

Sales CAGR 3Y: -1.09%
Sales CAGR 5Y: +6.02%
Sales CAGR 10Y: —
Profit CAGR 3Y: -20.47%
Profit CAGR 5Y: -8.68%
Profit CAGR 10Y: —
Sales YoY (TTM): +12.86%
Profit YoY (TTM): +98.38%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 33.50%

Holder	Type	Holding	Previous	Change
Nerka Chemicals Pvt Ltd	Promoter	21.41%	—	—
Uniphos Enterprises Limited	Promoter Group	4.94%	—	—
ICICI Prudential India Opportunities Fund	Public	3.69%	—	—
Life Insurance Corporation Of India	Public	3.48%	—	—
SBI Contra Fund	Public	1.86%	—	—
Suresight Ventures Limited	Promoter Group	1.74%	—	—
MFS International Growth Fund	Public	1.66%	—	—
Harmonic Ventures Limited	Promoter Group	1.61%	—	—
Pzena Emerging Markets Value Fund	Public	1.49%	—	—
Jaidev Rajnikant Shroff	Promoter	1.37%	—	—
JP Morgan Chase Bank, NA	Public	1.32%	—	—
Lazard Emerging Markets Equity Portfolio	Public	1.27%	—	—
Vanguard International Value Fund	Public	1.19%	—	—
Seafarer Overseas Growth & Income Fund	Public	1.16%	—	—
Vikram Rajnikant Shroff	Promoter	1.14%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Please find attached letter dated 7th September 20267 Sep 2026 · Company Update / Newspaper Publication
Please find enclosed letter dated September 02, 20262 Sep 2026 · Company Update / Credit Rating
Please find enclosed letter dated August 26, 202626 Aug 2026 · Company Update / Change in Management
Please find enclosed letter dated August 15, 202615 Aug 2026 · Company Update / Acquisition
Please find enclosed letter dated August 14, 202614 Aug 2026 · Company Update / Credit Rating
Please find enclosed letter dated August 10, 202610 Aug 2026 · Company Update / Analyst / Investor Meet
Please find enclosed letter dated August 6, 20266 Aug 2026 · AGM/EGM / AGM
Please find enclosed letter dated August 6, 20266 Aug 2026 · AGM/EGM / AGM
Please find enclosed letter dated August 06, 2026.6 Aug 2026 · Company Update / Earnings Call Transcript
Please find enclosed letter dated August 04, 20264 Aug 2026 · Company Update / Newspaper Publication
Please find enclosed letter dated August 04, 20264 Aug 2026 · Company Update / General
Please find enclosed letter dated August 03, 20263 Aug 2026 · Company Update / Analyst / Investor Meet
Please find enclosed letter dated August 03, 20263 Aug 2026 · Company Update / Change in Management
Please find enclosed letter dated August 03, 20263 Aug 2026 · Company Update / General
Please find enclosed letter dated August 03, 20263 Aug 2026 · Company Update / Investor Presentation
Please find enclosed letter dated August 03, 20263 Aug 2026 · Company Update / Press Release / Media Release
Please find enclosed letter dated August 03, 20263 Aug 2026 · Board Meeting / Outcome of Board Meeting
Please find enclosed letter dated August 03, 20263 Aug 2026 · Result / Financial Results
Please find enclosed letter dated August 1, 2026.1 Aug 2026 · Company Update / Restructuring
UPL Limited has informed the exchange about receipt of Observation Letters from BSE Limited and National Stock Exchange of India Limited in relation to Composite Scheme of Arrangement amongst ....29 Jul 2026 · Company Update / Scheme of Arrangement
Please find enclosed letter dated July 29, 202629 Jul 2026 · Company Update / Diversification / Disinvestment
Please find enclosed letter dated July 28, 202628 Jul 2026 · Company Update / Acquisition
Please find enclosed letter dated July 27, 202627 Jul 2026 · Company Update / Analyst / Investor Meet
UPL Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/08/2026 ,inter alia, to consider and approve unaudited consolidated and standalone financial ....27 Jul 2026 · Board Meeting / Board Meeting
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Demuric Holdings Pvt Ltd22 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Demuric Holdings Pvt Ltd22 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for quarter ended June 30, 2026.16 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Advertisment -Information Regarding 42nd Annual General Meeting, Remote e-voting and other related informaiton.16 Jul 2026 · Company Update / Newspaper Publication
Please refer the enclosed Business Responsibility and Sustainability Report (BRSR) for FY 2025-2615 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please refer the enclosed Notice convening 42nd Annual General Meeting (AGM) of the Company15 Jul 2026 · AGM/EGM / AGM
Please refer the enclosed Notice convening 42nd Annual General Meeting (AGM) and Annual Report for Financial Year 2025-2615 Jul 2026 · Others / Reg. 34 (1) Annual Report
Please find attached letter dated 7th July 2026.7 Jul 2026 · Company Update / Newspaper Publication
please find attached letter dated 3rd July 20263 Jul 2026 · Company Update / Newspaper Publication
please find attached letter dated 30th June 202630 Jun 2026 · Company Update / Newspaper Publication
Please find attached letter dated 29th June 202629 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed letter dated 25th June 202625 Jun 2026 · Company Update / Credit Rating
Intimation of Annual General Meeting to be held on August 6, 2026.25 Jun 2026 · AGM/EGM / AGM
Please find attached letter dated June 25, 202625 Jun 2026 · Corp. Action / Record Date
Please find enclosed letter dated June 1, 20261 Jun 2026 · Company Update / Acquisition
Please find enclosed letter dated May 15, 202615 May 2026 · Company Update / Earnings Call Transcript

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 6.0000	17 Jul 2026	17 Jul 2026	—
Final Dividend - Rs. - 6.0000	11 Jul 2025	11 Jul 2025	—
Right Issue of Equity Shares	26 Nov 2024	26 Nov 2024	—
Final Dividend - Rs. - 1.0000	12 Aug 2024	—	—

Board meetings

3 Aug 2026 Board Meeting - Financial Results