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.
Business OverviewUPL is a leading provider of agricultural solutions and services, with 14,000+ product registrations, a presence in ~140 countries, access to 90% of the world’s food basket. The products include Crop Protection Chemicals like Insecticides, Fungicides, Herbicides etc. also Seeds, Biosolutions. It is a 5th largest Agrochemical company globally with 43 manufacturing facilities across the globe.[1][2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | UPL | 790.15 | 61.67 | 66630.57 | 0.76 | 272.00 | 823.38 | 1512.00 | 38.72 | 1.26 | 6610.00 | 6.90 | 1080.52 | 415.52 | 4.89 | 4.60 | 0.07 |
| 2. | P I Industries | 3267.90 | 32.82 | 49646.41 | 0.49 | 409.30 | -19.46 | 1872.30 | -15.70 | 22.86 | 7460.70 | 27.18 | 1512.50 | 409.30 | 4.58 | 14.46 | 0.02 |
| 3. | Sumitomo Chemi. | 430.65 | 39.73 | 21473.25 | 0.28 | 177.90 | -6.78 | 914.44 | -5.86 | 25.14 | 3249.74 | 20.16 | 540.43 | 177.90 | 6.73 | 13.91 | 0.02 |
| 4. | Bayer Crop Sci. | 4398.70 | 32.47 | 19770.02 | 2.84 | 152.70 | 12.03 | 1553.40 | -10.60 | 24.80 | 5571.80 | 13.37 | 608.90 | 152.70 | 6.33 | 11.56 | 0.03 |
| 5. | Sharda Cropchem | 824.10 | 16.44 | 7429.25 | 1.09 | 74.35 | 75.22 | 929.11 | 19.59 | 16.50 | 4671.78 | 16.40 | 451.81 | 74.31 | 2.78 | 6.84 | 0.00 |
| 6. | Dhanuka Agritech | 1074.70 | 17.30 | 4843.23 | 0.19 | 93.97 | -20.04 | 598.25 | -8.56 | 28.29 | 2013.83 | 20.12 | 280.01 | 93.97 | 3.14 | 17.27 | 0.02 |
| 7. | Rallis India | 244.25 | 27.79 | 4745.12 | 1.02 | 102.00 | -0.39 | 861.00 | -7.22 | 10.12 | 2770.00 | 11.84 | 170.77 | 97.62 | 2.31 | 4.15 | 0.03 |
| – | Median: 23 Co. | 244.25 | 29.41 | 1879.13 | 0.19 | 19.46 | 4.58 | 456.94 | 5.76 | 13.04 | 1374.5 | 10.87 | 39.66 | 19.21 | 2.78 | 5.4 | 0.2 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 5,543 | 4,652 | 1,528 | 1,355 | 1,777 | 1,018 | 1,248 | 802 | 1,090 | 1,427 | 2,011 | 1,660 | 1,512 |
Expenses | 4,827 | 4,188 | 1,499 | 1,254 | 1,566 | 1,044 | 1,136 | 741 | 1,064 | 1,291 | 2,081 | 1,567 | 1,215 |
Operating Profit | 716 | 464 | 29 | 101 | 211 | -26 | 112 | 61 | 26 | 136 | -70 | 93 | 297 |
Other Income | 70 | 345 | -105 | 231 | 889 | 96 | -73 | 79 | 232 | 378 | 1,867 | 94 | 133 |
Profit before tax | 382 | 415 | -148 | 273 | 1,028 | 1 | -38 | 61 | 150 | 419 | 1,712 | 132 | 355 |
Tax % | 12% | 22% | 10% | 2% | 12% | -4,500% | -74% | 0% | 2% | -137% | -2% | 8% | 23% |
Net Profit | 336 | 323 | -163 | 267 | 906 | 46 | -10 | 61 | 147 | 992 | 1,739 | 122 | 272 |
EPS in Rs | 3.98 | 3.83 | -1.93 | 3.16 | 10.73 | 0.54 | -0.12 | 0.72 | 1.74 | 11.75 | 20.59 | 1.44 | 3.23 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 4,968 | 5,335 | 5,981 | 6,939 | 7,263 | 8,660 | 9,641 | 11,345 | 16,449 | 9,032 | 5,398 | 5,330 | 6,610 |
Expenses | 4,303 | 4,793 | 5,143 | 5,996 | 6,314 | 7,821 | 8,436 | 9,725 | 14,392 | 8,178 | 4,996 | 5,175 | 6,154 |
Operating Profit | 666 | 542 | 838 | 943 | 949 | 839 | 1,205 | 1,620 | 2,057 | 854 | 402 | 155 | 456 |
Other Income | 298 | 260 | 481 | 279 | 428 | 556 | 496 | 98 | 625 | 848 | 1,120 | 2,552 | 2,472 |
Interest | 242 | 35 | 192 | 149 | 135 | 185 | 272 | 307 | 377 | 188 | 144 | 231 | 172 |
Depreciation | 169 | 187 | 619 | 655 | 666 | 724 | 891 | 977 | 1,044 | 431 | 130 | 135 | 138 |
Profit before tax | 552 | 581 | 508 | 418 | 576 | 486 | 538 | 434 | 1,261 | 1,083 | 1,248 | 2,341 | 2,618 |
Net Profit | 416 | 463 | 385 | 245 | 548 | 405 | 461 | 220 | 1,176 | 975 | 1,208 | 2,939 | 3,125 |
EPS in Rs | 5.75 | 6.41 | 5.32 | 2.86 | 6.39 | 4.71 | 5.36 | 2.56 | 13.68 | 11.55 | 14.31 | 34.81 | 37.01 |
Dividend Payout % | 41% | 46% | 56% | 144% | 74% | 101% | 100% | 348% | 65% | 77% | 6% | 16% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 86 | 86 | 86 | 101 | 102 | 102 | 153 | 153 | 153 | 150 | 150 | 159 | 169 |
Reserves | 3,222 | 3,438 | 7,661 | 7,567 | 7,867 | 7,870 | 7,871 | 7,633 | 8,048 | 6,918 | 7,380 | 11,862 | 13,455 |
Borrowings | 1,420 | 1,377 | 1,650 | 930 | 1,122 | 1,638 | 1,112 | 1,329 | 1,778 | 617 | 1,852 | 597 | 974 |
Other Liabilities | 2,355 | 2,739 | 2,362 | 2,749 | 2,959 | 4,293 | 4,692 | 6,168 | 9,654 | 10,259 | 7,539 | 5,323 | 4,615 |
Total Liabilities | 7,083 | 7,639 | 11,759 | 11,347 | 12,050 | 13,903 | 13,828 | 15,283 | 19,633 | 17,944 | 16,921 | 17,941 | 19,213 |
Fixed Assets | 1,572 | 1,649 | 5,397 | 5,116 | 4,902 | 4,981 | 5,354 | 5,598 | 5,477 | 4,319 | 738 | 749 | 751 |
Gross Block | 2,821 | 3,099 | 7,401 | 7,765 | 8,154 | 8,939 | 10,094 | 11,227 | 12,078 | 8,828 | 2,080 | 2,216 | – |
Accumulated Depreciation | 1,248 | 1,450 | 2,004 | 2,649 | 3,252 | 3,958 | 4,740 | 5,629 | 6,601 | 4,509 | 1,342 | 1,467 | – |
CWIP | 118 | 370 | 209 | 272 | 663 | 889 | 886 | 722 | 909 | 867 | 118 | 128 | 93 |
Investments | 671 | 873 | 588 | 593 | 594 | 1,441 | 1,406 | 1,441 | 2,374 | 3,208 | 3,687 | 5,528 | 5,372 |
Other Assets | 4,721 | 4,747 | 5,565 | 5,366 | 5,891 | 6,592 | 6,182 | 7,522 | 10,873 | 9,550 | 12,378 | 11,536 | 12,997 |
Total Assets | 7,083 | 7,639 | 11,759 | 11,347 | 12,050 | 13,903 | 13,828 | 15,283 | 19,633 | 17,944 | 16,921 | 17,941 | 19,213 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 1,139 | 497 | -63 | 1,021 | 497 | 664 | 1,773 | 1,820 | 2,349 | 1,667 | -411 | -923 |
Cash from Investing Activity | -84 | -131 | 364 | 268 | -305 | -439 | -435 | -1,175 | -1,481 | 1,210 | -462 | 843 |
Cash from Financing Activity | -1,199 | -459 | -322 | -1,295 | -158 | -241 | -1,277 | -502 | -643 | -2,689 | 325 | 38 |
Net Cash Flow | -144 | -93 | -21 | -6 | 34 | -16 | 61 | 143 | 225 | 188 | -548 | -42 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 104 | 97 | 114 | 103 | 101 | 115 | 120 | 130 | 124 | 231 | 152 | 253 |
Inventory Days | 120 | 152 | 156 | 137 | 135 | 133 | 86 | 113 | 108 | 99 | 30 | 38 |
Days Payable | 188 | 222 | 212 | 220 | 219 | 202 | 216 | 259 | 238 | 396 | 125 | 243 |
Cash Conversion Cycle | 35 | 27 | 57 | 19 | 18 | 47 | -10 | -16 | -7 | -66 | 57 | 48 |
Working Capital Days | 67 | 35 | 59 | 72 | 62 | 27 | 16 | 4 | -5 | -7 | -60 | 175 |
ROCE % | 16% | 13% | 10% | 7% | 8% | 7% | 9% | 8% | 17% | 10% | 13% | 1% |
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