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UPL Limited (UPL.NS)

INR593.15 +1.40 (+0.24%)
IN NSE Basic Materials Agricultural Inputs
Address UPL House, 610 B/2 400051
Mumbai, IN
CEO Jaidev Rajnikant Shroff
IPO 2002-07-01
ISIN INE628A01036

Explore sections of this company profile

Also trades on Bombay Stock Exchange · UPL.BO (INR) National Stock Exchange of India · UPL.NS (INR)
Description

UPL Limited offers sustainable agricultural products and solutions, serving both the Indian and international markets. The company's activities are organized into two primary segments: Agro Activity and Non-Agro Activity. Its extensive product range includes various seeds such as sorghum, forages, corn, canola, sunflower, numerous vegetable varieties, rice, wheat, soya, pearl millet, oats, alfalfa, bio-fumigants, and mustard. In terms of crop protection, UPL provides herbicides, fungicides, insecticides, acaricides, seed treatment products, and adjuvants, along with its proprietary ProNutiva solution. The firm also develops solutions for plant stress and stimulation. Its post-harvest offerings encompass coatings, cleaners, sanitisers, fungicides, growth regulators, and anti-scald treatments. Additionally, UPL delivers soil and water technologies, aquatic treatment solutions, and offers advisory, educational, and general farm services to farmers. Beyond its agricultural focus, UPL manufactures and sells industrial chemicals, chemical intermediates, specialty chemicals, and other non-agricultural products. The company maintains a strategic partnership with Chr. Hansen Holding A/S to advance the development of microbial-based biosolutions. Formerly known as United Phosphorus Limited, the company adopted the name UPL Limited in October 2013. UPL Limited was founded in 1969 and has its corporate headquarters in Mumbai, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR593.15 +1.40 (+0.24%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.52
Float Shares
557.99M
Free Float %
66.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.44% -4.34% -1.50% -14.73% -16.49% -20.12% -6.16% -2.36% -4.26% +65.72% +549.70%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
593.15
DCF (Unlevered) 733.93 +23.7%
DCF (Levered) 894.21 +50.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 68% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 10 0
Hold 4 0
Sell 0 0
Strong Sell 2 0
Quality scores
Altman Z-Score
1.46
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Agricultural Inputs: +9.5%
    +12.1% Q1'26: +20.6% (vs Q1'25)
  • EPS growth Agricultural Inputs: +23.0%
    +132.0% Q1'26: +19.7% (vs Q1'25)
  • FCF margin FCF growth · Agricultural Inputs: +27.6%
    +3.1% Q1'26: -30.6% (vs Q1'25)
  • EBIT margin Agricultural Inputs: +9.7%
    +13.7% Q1'26: +17.0% (vs Q1'25)
  • ROIC Agricultural Inputs: +7.4%
    +11.7% Q1'26: +20.0% (vs Q1'25)
  • Share dilution Agricultural Inputs: +0.0%
    +0.9% Q1'26: -1.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Agricultural Inputs: 0.03×
    1.13× Q1'26: 0.65× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.58) × ERP
WACC = 69% × Ke + 31% × Kd (12.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 725.46 Current price: 593.15
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2010
actual
Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
18 Rev. Ana.
17 EPS Ana.
Mar 2027
18 Rev. Ana.
17 EPS Ana.
Mar 2028
15 Rev. Ana.
14 EPS Ana.
Mar 2029
11 Rev. Ana.
6 EPS Ana.
Revenue
52.90B
est: 55.37B (-4.5%)
56.93B
est: 57.47B (-0.9%)
75.81B
est: 76.46B (-0.9%)
90.61B
est: 88.31B (+2.6%)
106.50B
est: 106.07B (+0.4%)
119.84B
est: 120.89B (-0.9%)
138.71B
est: 128.83B (+7.7%)
161.24B
est: 160.56B (+0.4%)
171.41B
est: 176.25B (-2.7%)
216.21B
est: 195.71B (+10.5%)
354.78B
est: 346.45B (+2.4%)
384.18B
est: 380.99B (+0.8%)
459.71B
est: 442.86B (+3.8%)
531.34B
est: 543.98B (-2.3%)
425.99B
est: 424.12B (+0.4%)
462.62B
est: 460.65B (+0.4%)
499.95B
484.16B – 506.22B
+8.5% YoY
545.93B
520.94B – 560.72B
+9.2% YoY
587.06B
571.97B – 608.38B
+7.5% YoY
668.84B
645.19B – 690.16B
+13.9% YoY
EBITDA
10.34B
est: 4.96B (+108.3%)
10.53B
est: 6.87B (+53.3%)
12.61B
est: 7.86B (+60.4%)
15.62B
est: 7.20B (+117.0%)
18.62B
est: 13.25B (+40.4%)
21.37B
est: 14.91B (+43.3%)
23.23B
est: 14.66B (+58.5%)
31.81B
est: 14.82B (+114.7%)
35.69B
est: 23.99B (+48.7%)
35.49B
est: 29.55B (+20.1%)
63.16B
est: 30.18B (+109.3%)
79.14B
est: 32.69B (+142.1%)
91.00B
est: 35.57B (+155.9%)
106.81B
est: 38.40B (+178.2%)
40.54B
est: 41.20B (-1.6%)
68.11B
est: 78.21B (-12.9%)
84.73B
82.05B – 85.79B
+8.3% YoY
92.52B
88.29B – 95.03B
+9.2% YoY
99.49B
96.93B – 103.10B
+7.5% YoY
113.35B
109.34B – 116.96B
+13.9% YoY
EBIT
8.19B
est: 8.29B (-1.2%)
8.40B
est: 7.83B (+7.3%)
9.68B
est: 11.51B (-15.8%)
12.08B
est: 12.21B (-1.1%)
14.55B
est: 15.29B (-4.9%)
17.12B
est: 17.52B (-2.3%)
16.47B
est: 20.71B (-20.5%)
25.09B
est: 22.22B (+12.9%)
28.94B
est: 27.10B (+6.8%)
26.69B
est: 30.86B (-13.5%)
43.04B
est: 48.43B (-11.1%)
57.41B
est: 50.51B (+13.7%)
67.41B
est: 54.96B (+22.7%)
81.34B
est: 59.33B (+37.1%)
12.91B
est: 63.67B (-79.7%)
40.61B
est: 52.35B (-22.4%)
56.72B
54.93B – 57.43B
+8.3% YoY
61.93B
59.10B – 63.61B
+9.2% YoY
66.60B
64.89B – 69.02B
+7.5% YoY
75.88B
73.20B – 78.30B
+13.9% YoY
Net Income
5.13B
est: 5.39B (-4.8%)
5.81B
est: 5.50B (+5.7%)
5.95B
est: 7.40B (-19.6%)
7.42B
est: 6.47B (+14.7%)
9.50B
est: 9.35B (+1.6%)
11.44B
est: 10.99B (+4.1%)
9.40B
est: 12.26B (-23.3%)
17.27B
est: 11.51B (+50.1%)
20.22B
est: 18.93B (+6.8%)
14.91B
est: 22.45B (-33.6%)
17.76B
est: 25.94B (-31.5%)
28.71B
est: 20.06B (+43.1%)
36.26B
est: 21.83B (+66.1%)
35.70B
est: 23.56B (+51.5%)
-12.00B
est: 25.28B (-147.5%)
8.97B
est: 13.63B (-34.2%)
23.46B
13.90B – 30.81B
+72.1% YoY
37.71B
25.43B – 50.86B
+60.7% YoY
47.97B
33.97B – 55.56B
+27.2% YoY
42.24B
40.30B – 43.99B
-11.9% YoY
SGA
9.36B
est: 7.07B (+32.4%)
4.45B
est: 6.47B (-31.3%)
7.96B
est: 9.09B (-12.4%)
17.81B
est: 11.55B (+54.1%)
20.58B
est: 32.39B (-36.5%)
12.87B
est: 36.35B (-64.6%)
18.17B
est: 37.80B (-51.9%)
20.61B
est: 54.04B (-61.9%)
20.97B
est: 54.68B (-61.6%)
26.05B
est: 60.24B (-56.8%)
40.91B
est: 36.45B (+12.2%)
43.57B
est: 103.76B (-58.0%)
53.94B
est: 112.91B (-52.2%)
63.22B
est: 121.89B (-48.1%)
55.74B
est: 130.79B (-57.4%)
62.46B
est: 56.81B (+9.9%)
61.55B
59.61B – 62.32B
+8.3% YoY
67.21B
64.14B – 69.03B
+9.2% YoY
72.28B
70.42B – 74.90B
+7.5% YoY
82.35B
79.43B – 84.97B
+13.9% YoY
EPS
7.98
est: 7.93 (+0.7%)
8.30
est: 8.75 (-5.2%)
8.02
est: 9.33 (-14.0%)
11.41
est: 10.63 (+7.4%)
14.39
est: 14.31 (+0.5%)
17.79
est: 17.54 (+1.4%)
12.36
est: 18.93 (-34.7%)
22.71
est: 22.97 (-1.1%)
26.52
est: 25.55 (+3.8%)
19.52
est: 28.13 (-30.6%)
23.25
est: 31.28 (-25.7%)
34.92
est: 37.14 (-6.0%)
44.00
est: 49.17 (-10.5%)
43.92
est: 59.07 (-25.6%)
-17.45
est: -11.52 (-51.4%)
9.85
est: 15.62 (-37.0%)
27.25
16.14 – 35.78
+74.4% YoY
43.79
29.53 – 59.07
+60.7% YoY
55.71
39.45 – 64.53
+27.2% YoY
49.05
46.80 – 51.08
-11.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-15 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
8.08B
OE per share TTM
9.67
Owner's Yield
1.49%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
21.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
5.91M
Shares Outstanding
844.17M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jaidev Rajnikant Shroff Chairman & Group Chief Executive Officer 755M male
Vikram Rajnikant Shroff Chemistry Vice-Chairman & Co-CEO of UPL Group 378M male
Raj Kumar Tiwari Whole-Time Director 44M male
K. R. Srivastava Chief Operating Officer of Specialty Chemicals male
Rahul R. Jadhav Senior General Manager of Accounts
Anurag Gupta Head of Investor Relations male
Sandeep Deshmukh Company Secretary & Compliance Officer male
Sujoy Mazumdar Group General Counsel male
Toshan Tamhane Global Chief Operating Officer male
Bikash Prasad Group Chief Financial Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits