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UPL (UPL) had a P/E of 23.9× on 6 Nov 2026, above the industry P/E of 14.4×, and the shares are 34% below their 52-week high. Sales and net profit fell 1.2% and 19% a year over 3 years; its ROCE of 9.9% is the lowest among the 7 largest Agricultural Inputs peers. Debt is 0.83× equity, and its dividend yield is 1.1%. It is a mid-cap company with a market cap of ₹45,214 Cr, ranked 3rd of 72 Agricultural Inputs companies by market cap; the shares fell 28% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹523.30
Day high
₹538.00
Day low
₹516.80
Prev. close
₹526.50
Volume
32.4 L

Health check

2 fair · 4 to check
  • ReturnsIn line

    −28.0% over a year, better than 3 of 7 peers.

  • Price tagPricier

    P/E 23.9 vs industry 14.4.

  • GrowthShrinking

    Sales −1.2%, profit −18.6% a year over 3 years.

  • ProfitabilityWeak

    ROCE 9.9% vs peer median 20.9%.

  • Balance sheetFair

    Debt 0.83× equity, interest covered 2.1×, Piotroski 8 of 9.

  • Red flags5 to check

    Return on equity is low at 5.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Agricultural Inputs

71 listed peers. Screen the industry

Mid cap

₹45,214 Cr, #3 of 72 in its industry by size.

Defensive

Beta 0.52 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹52,645 Cr · profit ₹1,818 Cr
Market cap
₹45,214 Cr
Mid cap
P/E
23.9
Industry 14.4
Price to book
1.30
Peers 4.28
Dividend yield
1.12%
ROE
5.5%
Peers 16.2%
ROCE
9.9%
Peers 20.9%
Debt to equity
0.83
Debt ₹34,240 Cr
EPS (TTM)
₹22.37
Face value ₹2
OPM (TTM)
20.0%
Net margin 3.6%
Sales growth
−1.3%
Latest quarter vs a year ago
Profit growth
−26.0%
Latest quarter vs a year ago
Price to sales
0.86
EV/EBITDA 10.1

Strengths and risks

Strengths

  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 5.5%.
  • Quarterly profit down 26.0% on a year ago.
  • Quarterly sales down 1.3% on a year ago.
  • P/E of 23.9 against an industry P/E of 14.4.
  • 34% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About UPL

UPL Limited, together with its subsidiaries, manufactures and sells pesticides, insecticides, and micronutrients in India, Brazil, the United States, the United Kingdom, and internationally. It operates through Crop protection, Seeds & Post-Harvest solutions, and Non-Agro segments. The company offers herbicides, fungicides, insecticides, acaricides, seed treatment, adjuvants, bio-solutions, public health products, fumigants, soil and water technologies,…

Headquarters
Mumbai
Employees
12,399
Sector
Basic Materials
ISIN
INE628A01036
Website
upl-ltd.com

Price range

52 weeks

₹476.45₹812.20

Today

₹516.80₹538.00
Avg volume (3M)
22.2 L
1-year return
minus 28.0%
From 52-week high
minus 34.1%

Analyst consensus

17 analysts
BuyMean target ₹656.71 plus 22.8%

Target range, with today’s price

Low ₹550.00High ₹780.00

Today’s price ₹534.90 is below the lowest analyst target.

Next results expected around 1 Feb 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Agricultural Inputs

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
COROMANDELCoromandel International1,824.00minus 4.00%53,72434.517.020.9%9.4%0.1110.2%minus 12.4%
FACTFertilisers and Chemicals Travancore750.25minus 1.24%48,547–703.514.2%0.0%2.950.0%minus 15.3%
UPLUPL534.90plus 1.60%45,21423.96.09.9%20.0%0.83−1.2%minus 28.0%
PIINDPI Industries1,735.00minus 1.98%26,32130.013.114.7%24.2%0.031.1%minus 51.9%
SUMICHEMSumitomo Chemical India328.95plus 0.34%16,41929.421.021.0%20.3%0.02−2.6%minus 34.4%
CHAMBLFERTChambal Fertilizers & Chemicals384.70minus 0.91%15,4138.15.721.8%13.7%0.16−9.2%minus 19.4%
BAYERCROPBayer Cropscience3,316.30plus 0.48%14,90420.015.427.9%16.0%0.033.6%minus 31.7%
PARADEEPParadeep Phosphates142.32plus 2.51%14,78017.49.420.7%8.6%1.3828.8%minus 17.4%
Median of 7 peers–−0.91%16,41924.715.420.9%13.7%0.111.1%−19.4%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
9,216–12,26918,33510,18111,860
7,721–9,77114,3098,5759,477
1,495–2,4984,0261,6062,383
16.2%–20.4%22.0%15.8%20.1%
−17–−17912−978
736–700836759955
731–827915832819
−201–−121−395−115−72
−190–6711,892−109615
7.4%–27.0%31.6%33.0%26.5%
−88–3961,06110421
-1.946.744.6912.570.124.99

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−1.2%
Profit CAGR 3Y
−18.6%
EPS CAGR 3Y
−20.2%
ROE
5.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
53,13442,59946,26251,303
–minus 19.8%+8.6%+10.9%
41,83738,54539,45140,956
11,2974,0546,81110,347
21.3%9.5%14.7%20.2%
−330333572−431
2,9843,3783,2322,853
2,5472,7632,7503,244
−286−333−572−662
5,150−2,0878293,157
14.3%10.0%1.1%29.7%
3,570−1,2008971,922
–minus 133.6%–+114.3%
43.92-17.459.6222.32

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
150150159169
29,69427,64332,04034,527
23,93929,75425,09923,576
34,79429,99930,70436,933
88,57787,54688,00295,205
10,32110,83810,09511,006
1,2511,1306641,092
597657616811
6,1736,3569,9076,696
70,23568,56566,72075,600
88,57787,54688,00295,205

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7,7512,32110,1517,855
−1,490−2,478−1,840−2,362
−6,227164−4,793−9,883
3473,518−4,390
−2,360−1,995−1,695−2,406
5,3913268,4565,449
−750−749−77−478

Shareholding pattern

Source: NSE filings
33.5%
promoters
  • Promoters33.51%
  • Public66.49%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202633.51%66.49%0.00
30 Jun 202633.51%66.49%0.00
31 Mar 202633.51%66.49%0.00
5 Feb 202633.51%66.49%plus 0.01
31 Dec 202533.50%66.50%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you