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UPL Limited

UPL Limited

NSE: UPL
Agricultural InputsBasic MaterialsLARGE CAPMCap ₹45.19k Cr
₹534.65₹-6.40 (-1.18%)

Market Closed • NSE

Market cap₹45.19k Cr
Enterprise value₹69.19k Cr
P/E TTM21.46
Forward P/E11.38
P/B1.30
EPS TTM₹24.91
Forward EPS₹46.99
ROCE10.10%
D/E0.57
Dividend yield0.01%
Face value₹2.00
52W high₹812.20
52W low₹476.45
Price chart(1Y)
1Y Return:-12.37% (₹75.45)
H: ₹629L: ₹476.45
1W+3.85%
1M-3.62%
3M-13.51%
6M-16.73%
1Y-20.69%
Today at a glance

Day range

₹532.55₹543.90

52 week range

₹476.45₹812.20
Volume1.43M0.58x 20D avg
Free float50.00%-42.20% volume

UPL Limited closed at INR534.65 (-1.18%) on volume 0.58x its 20-day average, trading 34.17% below its 52-week high.

Technical analysis
RSI (14)49.0Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹15.18Moderate
SMA 20₹531.50BULLISH
SMA 50₹555.18BEARISH
SMA 100₹580.42BEARISH
SMA 200₹628.24BEARISH
CPR bottom₹544.33
Pivot₹543.23
CPR top₹542.14
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -105.6% QoQ

2026-07-17

DIVIDEND Announced

Dividend - Rs 6 Per Share

2025-07-11

DIVIDEND Announced

Dividend - Rs 6 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹23.58k Cr₹45.19k Cr52.17%≤ 33%FAIL
Non-halal income ratio–₹51.84k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹89.23k Cr₹95.20k Cr93.72%≥ 20%PASS
Receivables ratio–₹95.20k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E21.4621.90
Forward P/E11.38—
P/B1.302.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield4.704.60
Growth & profitability
RevenuePAT
FY24PAT margin -4.40%
FY25PAT margin 1.80%
FY26PAT margin 4.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+3.60%
Revenue CAGR 5Y+4.00%
PAT CAGR 3Y+32.80%
PAT CAGR 5Y—
Operating margin6.56%
Net margin3.82%
Financial health & cash flow
Net debt₹17.60k CrModerate
Interest coverage2.10xEBIT / interest
CFO / PAT5.13x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹7.86k Cr
Capital expenditure–
Free cash flow₹5.45k Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall63/100
Valuation60/100
Profitability65/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 5.13x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Agricultural Inputs.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
56.41%Institutional holding
10.05%Public holding
5Periods available
0.00%Promoter pledged
2.77LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
17 Jul 2026Dividend₹6.00 / share—17 Jul 2026
11 Jul 2025Dividend₹6.00 / share—11 Jul 2025
26 Nov 2024Rights issueRights 1:8 @ Premium Rs 358/-—26 Nov 2024
—Dividend₹1.00 / share—12 Aug 2024
—Dividend₹10.00 / share—03 Aug 2023
—Dividend₹10.00 / share—27 Jul 2022
—Dividend₹10.00 / share—14 Jul 2021
—Dividend₹6.00 / share—19 Aug 2020
03 Jul 2019Bonus issue1:2 bonus ratio—02 Jul 2019
29 May 2019Dividend₹8.00 / share—28 May 2019
—Dividend₹8.00 / share—09 Aug 2018
—Dividend₹7.00 / share—22 Jun 2017
—Dividend₹5.00 / share—16 Jun 2016
—Dividend₹5.00 / share—16 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)57.46%-0.65% latest vs average
Highest delivery80.72%on 18 Sept
Average volume (20D)2.48MTrading-session average
Conviction trendWeakening-0.65% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About UPL Limited
UPL Limited

UPL is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, speciality chemicals and production and sale of field crops and vegetable seeds.

IndiaBasic Materials

Questions investors ask
Is UPL Limited Shariah compliant?

UPL Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (52.17%) exceeds AAOIFI threshold (≤ 33%).

What is UPL Limited's current valuation relative to peers?

UPL Limited trades at a P/E of 21.5x compared to the sector median of 21.9x, and a Price-to-Book of 1.3x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.57x. Interest coverage is 2.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 4% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.