UPL - UPL Limited Share Price

Fertilizers & Agrochemicals

₹678.30+16.45(+2.49%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does UPL Limited do?

Pesticides & Agrochemicals•Chemicals•Mid Cap

UPL is a prominent Pesticides & Agrochemicals company based in Mumbai, India, with a stock ticker of UPL and a market capitalization of Rs. 53,186.7 Crores.

The company engages in providing sustainable agriculture products and solutions across various regions, including India, Europe, North America, and Latin America. UPL operates through three major segments:

Crop Protection: This segment offers a wide range of products such as herbicides, fungicides, insecticides, acaricides, seed treatment solutions, adjuvants, bio-solutions, public health products, and fumigants. Notably, it includes ProNutiva, a solution focused on crop protection. The segment also manages nurture.farm, a digital platform for farmers that provides services like mechanized spraying, harvesting, farm advisory, and soil testing through a mobile application, along with a retail e-commerce marketplace for agricultural inputs.
Seeds Business: UPL supplies various hybrid seeds for crops such as grain, forage sorghum, corn, canola, sunflower, and vegetables under well-known brands like Advanta, Alta, Pacific Seeds, and Empyr.
Non-Agro: This segment caters to multiple industries by providing products like phosphorus and sulphur derivatives, and specialized solutions such as Decco FullCover and DeccoNaturCover, which optimize fruit preservation and appearance.

Formerly known as United Phosphorus Limited, UPL changed its name in October 2013 and has been growing consistently since its founding in 1969. Over the last twelve months, UPL reported a revenue of Rs. 45,647 Crores, with a revenue growth of 5.2% over the past three years.

UPL also rewards its investors with dividends, boasting a dividend yield of 0.16% per year, having returned Rs.1 dividend per share in the last year.

Industry Group:Fertilizers & Agrochemicals

Employees:12,000

Website:www.upl-ltd.com

Cash Flow for UPL

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-70.5%	148	499	377
Change in inventories	-104.5%	-14	335	-986
Depreciation	-34.2%	626	951	1,044
Impairment loss / reversal	-	7	0	-2
Unrealised forex losses/gains	-	-17	0	48
Dividend income	107.3%	764	369	555
Adjustments for interest income	-25%	22	29	18
Net Cashflows from Operations	-115.5%	-306	1,984	2,492
Income taxes paid (refund)	-100.3%	0	317	143
Other inflows (outflows) of cash	-	-105	0	0
Net Cashflows From Operating Activities	-124.7%	-411	1,667	2,349
Proceeds from sales of PPE	-	0	0	24
Purchase of property, plant and equipment	-40.2%	662	1,107	1,070
Purchase of intangible assets	-	0	0	41
Purchase of intangible assets under development	-	18	0	0
Cash receipts from repayment of advances and loans made to other parties	-	96	0	0
Dividends received	-	764	0	555
Interest received	-34.4%	22	33	24
Other inflows (outflows) of cash	0%	21	21	-973
Net Cashflows From Investing Activities	56.1%	-462	-1,053	-1,481
Proceeds from issuing shares	-101.3%	0	76	0
Proceeds from issuing other equity instruments	100%	0	-2,657	0
Payments to acquire or redeem entity's shares	-100.2%	0	410	0
Proceeds from borrowings	472.2%	1,311	-351	817
Repayments of borrowings	-63.4%	50	135	347
Payments of lease liabilities	-	30	0	65
Dividends paid	-0.1%	749	750	763
Interest paid	-25.7%	157	211	149
Other inflows (outflows) of cash	-100%	0	4,073	-136
Net Cashflows from Financing Activities	175.9%	325	-426	-643
Net change in cash and cash eq.	-393.6%	-548	188	225

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	29.1%	3,852	2,984	2,295
Change in inventories	233.7%	1,208	-902	-3,594
Depreciation	8.5%	2,763	2,547	2,359
Unrealised forex losses/gains	95.5%	0	-21	0
Adjustments for interest income	35%	445	330	136
Share-based payments	-95.5%	7	133	0
Net Cashflows from Operations	-67.1%	2,965	9,013	7,583
Income taxes paid (refund)	-9.4%	1,143	1,262	1,004
Other inflows (outflows) of cash	-	0	0	-83
Net Cashflows From Operating Activities	-76.5%	1,822	7,751	6,496
Cashflows used in obtaining control of subsidiaries	145.5%	136	56	130
Proceeds from sales of PPE	-42.9%	41	71	123
Purchase of property, plant and equipment	-30.7%	1,159	1,672	2,022
Purchase of intangible assets	21.5%	836	688	666
Dividends received	-13.8%	26	30	16
Interest received	75.4%	322	184	155
Other inflows (outflows) of cash	-36.2%	98	153	-135
Net Cashflows From Investing Activities	-66.3%	-2,478	-1,490	-3,819
Payments from changes in ownership interests in subsidiaries	-100.1%	0	1,994	0
Proceeds from borrowings	4.9%	6,466	6,163	9,770
Repayments of borrowings	-84.6%	1,661	10,758	8,464
Payments of lease liabilities	-	434	0	278
Dividends paid	-0.1%	749	750	922
Interest paid	45.2%	3,405	2,345	1,941
Other inflows (outflows) of cash	-101.4%	-53	3,827	-86
Net Cashflows from Financing Activities	102.6%	164	-6,227	-1,921
Effect of exchange rate on cash eq.	245.9%	468	136	244
Net change in cash and cash eq.	-114.8%	-24	170	1,000

Description	Share	Value
Crop protection	86.2%	9.4 kCr
Seeds business	9.2%	1 kCr
Non agro	4.6%	505 Cr
Total		10.9 kCr

Balance Sheet for UPL

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-66.2%	50	146	51	694	338	506
Current investments	-	40	0	0	0	0	840
Loans, current	-77.8%	7	28	55	14	190	138
Total current financial assets	-19.4%	2,154	2,671	6,102	6,679	8,517	7,538
Inventories	149.3%	861	346	2,544	1,677	4,327	2,929
Total current assets	-2.7%	3,472	3,570	9,611	9,316	13,628	11,486
Property, plant and equipment	-0.2%	612	613	4,220	4,124	4,075	4,051
Capital work-in-progress	-14.6%	89	104	844	856	1,114	809
Goodwill	-	0	0	0	0	932	1,115
Non-current investments	3.7%	3,643	3,513	3,376	3,208	1,662	1,534
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	3.2%	3,700	3,587	3,495	3,325	1,771	1,607
Total non-current assets	1.6%	4,563	4,490	8,895	8,628	8,448	8,147
Total assets	2.6%	17,353	16,921	18,506	17,944	22,076	19,633
Borrowings, non-current	-	0	0	0	0	0	0
Total non-current financial liabilities	-9.5%	20	22	14	24	75	70
Provisions, non-current	42.3%	38	27	0	0	0	0
Total non-current liabilities	-20.7%	1,157	1,458	1,803	2,126	2,397	1,379
Borrowings, current	51.8%	2,772	1,827	1,578	566	3,038	1,665
Total current financial liabilities	15.3%	3,930	3,408	8,168	7,508	11,441	8,545
Provisions, current	33.3%	5	4	147	158	170	167
Current tax liabilities	-66.7%	39	115	156	34	70	37
Total current liabilities	9.6%	4,678	4,268	9,209	8,750	12,760	10,053
Total liabilities	3.2%	9,693	9,391	11,012	10,876	15,157	11,432
Equity share capital	0%	150	150	150	150	150	153
Total equity	1.7%	7,660	7,530	7,494	7,068	6,919	8,201
Total equity and liabilities	2.6%	17,353	16,921	18,506	17,944	22,076	19,633

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-34.8%	3,874	5,943	3,100	5,967	3,588	5,797
Current investments	54.6%	403	261	147	46	445	840
Loans, current	21.1%	24	20	23	25	21	16
Total current financial assets	-12.4%	20,470	23,363	22,032	24,742	22,225	23,622
Inventories	10.4%	14,106	12,776	18,246	13,985	19,457	13,078
Current tax assets	13.6%	452	398	195	141	102	86
Total current assets	-4%	37,740	39,299	43,862	41,988	44,469	39,680
Property, plant and equipment	-6.3%	7,907	8,443	8,167	8,164	7,558	7,286
Capital work-in-progress	-0.7%	1,098	1,106	1,314	1,197	1,543	1,184
Goodwill	0.5%	20,293	20,184	20,098	19,898	19,705	18,364
Non-current investments	-4.4%	626	655	589	605	494	522
Loans, non-current	-9.1%	21	23	19	57	37	67
Total non-current financial assets	-5%	824	867	833	935	717	910
Total non-current assets	-1.8%	47,338	48,218	47,566	46,549	45,396	42,951
Total assets	-2.8%	85,125	87,546	91,455	88,577	89,916	82,679
Borrowings, non-current	-8.1%	22,054	24,010	22,033	20,144	23,261	21,605
Total non-current financial liabilities	-8.5%	23,056	25,187	23,338	21,432	24,484	22,648
Provisions, non-current	2.6%	396	386	217	217	72	52
Total non-current liabilities	-8.5%	25,588	27,979	25,901	24,111	27,082	25,175
Borrowings, current	121.1%	9,789	4,428	11,901	2,855	9,288	4,261
Total current financial liabilities	15.1%	26,101	22,681	29,003	23,156	30,487	23,745
Provisions, current	-8%	290	315	513	503	790	748
Current tax liabilities	-19.3%	428	530	448	655	491	378
Total current liabilities	3.9%	27,921	26,861	31,320	29,037	32,717	28,196
Total liabilities	-2.4%	53,509	54,840	57,221	53,148	59,799	53,371
Equity share capital	0%	150	150	150	150	150	153
Non controlling interest	-2.9%	7,670	7,899	5,371	8,571	5,159	4,647
Total equity	-3.3%	31,616	32,706	34,234	35,429	30,117	29,308
Total equity and liabilities	-2.8%	85,125	87,546	91,455	88,577	89,916	82,679

Income Statement for UPL

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	30.9%	1,427	1,090	802	1,248	2,626	3,859
Other Income	-96.4%	5	113	2	13	20	758
Total Income	19.1%	1,432	1,203	804	1,261	2,646	4,617
Cost of Materials	168.9%	590	220	503	387	1,498	2,941
Purchases of stock-in-trade	0.8%	262	260	145	429	181	137
Employee Expense	7.5%	44	41	43	21	102	132
Finance costs	-30.4%	56	80	45	49	103	95
Depreciation and Amortization	40.7%	39	28	34	28	172	172
Other expenses	1.2%	174	172	141	142	509	612
Total Expenses	18.3%	1,386	1,172	820	1,213	2,683	3,575
Profit Before exceptional items and Tax	50%	46	31	-16	48	-37	1,042
Exceptional items before tax	-	255	0	0	0	22	0
Total profit before tax	900%	301	31	-16	48	-15	1,042
Current tax	-19200%	-572	4	0	-31	-56	140
Deferred tax	0%	-1	-1	0	3	-5	-4
Total tax	-28800%	-573	3	0	-28	-61	136
Total profit (loss) for period	578.8%	992	147	61	-10	46	906
Other comp. income net of taxes	50%	0	-1	-3	2	0	0
Total Comprehensive Income	583.4%	992	146	58	-8	46	906
Earnings Per Share, Basic	1155.2%	13.05	1.96	0.82	-0.13	0.61	12.07
Earnings Per Share, Diluted	1115.6%	12.67	1.96	0.82	-0.13	0.61	12.07
Debt equity ratio	-	0	0	033	008	029	021
Debt service coverage ratio	0%	0.04	0.04	0.0254	-06	012	0
Interest service coverage ratio	0%	0.04	0.04	0.0254	-06	012	0

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-71.3%	5,398	18,783	16,449	11,345	9,641	8,660
Other Income	74.2%	804	462	631	113	506	560
Total Income	-67.8%	6,202	19,245	17,080	11,458	10,147	9,220
Cost of Materials	-72.3%	2,962	10,708	8,690	5,639	4,705	4,741
Purchases of stock-in-trade	-58.9%	841	2,047	1,870	872	607	521
Employee Expense	-86.2%	115	828	767	685	646	551
Finance costs	-71.3%	144	499	377	307	272	185
Depreciation and Amortization	-86.4%	130	951	1,044	977	891	724
Other expenses	-84.1%	643	4,032	3,743	2,785	2,230	2,168
Total Expenses	-70.6%	5,271	17,949	15,813	11,009	9,599	8,730
Profit Before exceptional items and Tax	-28.2%	931	1,296	1,267	449	548	490
Exceptional items before tax	92.3%	0	-12	-6	-15	-10	-4
Total profit before tax	-27.5%	931	1,284	1,261	434	538	486
Current tax	-85.6%	46	314	220	195	55	80
Deferred tax	-16.7%	-6	-5	-135	19	22	1
Total tax	-87.3%	40	309	85	214	77	81
Total profit (loss) for period	23.9%	1,208	975	1,176	220	461	405
Other comp. income net of taxes	111.1%	3	-17	3	0	-2	4
Total Comprehensive Income	26.4%	1,211	958	1,179	220	459	409
Earnings Per Share, Basic	26.2%	16.09	12.96	15.392	2.88	6.03	5.3066667
Earnings Per Share, Diluted	26.2%	16.09	12.96	15.392	2.88	6.03	5.3066667
Debt equity ratio	0.2%	024	008	02	015	013	021
Debt service coverage ratio	7.4%	0.1154	0.0451	0.0369	032	024	058
Interest service coverage ratio	4.2%	0.1154	0.0769	0.1364	0.0431	0.0397	0.0379

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-1.7%	10,907	11,090	9,067	14,078	9,887	10,170
Other Income	53.6%	170	111	98	126	151	105
Total Income	-1.1%	11,077	11,201	9,165	14,204	10,038	10,275
Cost of Materials	-8.5%	5,329	5,823	4,520	9,009	6,323	5,232
Employee Expense	-11.5%	1,184	1,337	1,337	1,036	1,155	1,251
Finance costs	-31.8%	730	1,070	913	1,090	1,191	871
Depreciation and Amortization	-1.3%	688	697	660	794	676	657
Other expenses	-5.4%	2,438	2,578	2,109	2,185	2,316	2,362
Total Expenses	-9.9%	10,369	11,505	9,539	14,114	11,661	10,373
Profit Before exceptional items and Tax	331.8%	708	-304	-374	90	-1,623	-98
Exceptional items before tax	-755.6%	-76	-8	-49	-105	-17	-87
Total profit before tax	301.6%	632	-312	-423	-15	-1,640	-185
Current tax	-265.4%	-424	258	189	173	85	290
Deferred tax	37.2%	-75	-120	-117	-63	-144	-386
Total tax	-465%	-499	138	72	110	-59	-96
Total profit (loss) for period	245.4%	853	-585	-527	-80	-1,607	-293
Other comp. income net of taxes	-194.8%	-567	600	-438	-299	581	-112
Total Comprehensive Income	1935.7%	286	15	-965	-379	-1,026	-405
Earnings Per Share, Basic	230.1%	9.98	-5.9	-6.02	0.52	-17.11	-2.54
Earnings Per Share, Diluted	226.1%	9.7	-5.9	-6.02	0.52	-17.11	-2.54
Debt equity ratio	0%	0.01	0.01	0.01	087	0.0109	099
Debt service coverage ratio	1%	0.02	0.01	053	0.0109	-061	086
Interest service coverage ratio	1%	0.02	0.01	053	0.0109	-061	086

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-19.6%	43,098	53,576	46,240	38,694	35,756	21,837
Other Income	1.3%	483	477	281	258	104	240
Total Income	-19.4%	43,581	54,053	46,521	38,952	35,860	22,077
Cost of Materials	-10.2%	24,494	27,281	22,072	19,096	18,743	10,904
Employee Expense	-7.4%	4,682	5,056	4,622	3,712	3,391	2,095
Finance costs	30%	3,852	2,963	2,295	2,060	1,481	963
Depreciation and Amortization	8.5%	2,763	2,547	2,359	2,173	2,012	969
Other expenses	-15%	9,383	11,043	10,017	7,534	6,849	5,025
Total Expenses	-7.6%	45,174	48,890	41,365	34,575	32,476	19,956
Profit Before exceptional items and Tax	-130.9%	-1,593	5,163	5,156	4,377	3,384	2,121
Exceptional items before tax	-48%	-252	-170	-324	-238	-623	-451
Total profit before tax	-137%	-1,845	4,993	4,832	4,139	2,761	1,670
Current tax	-47.6%	790	1,506	1,096	831	767	438
Deferred tax	-29.7%	-999	-770	-567	-145	-181	-273
Total tax	-128.6%	-209	736	529	686	586	165
Total profit (loss) for period	-142.6%	-1,878	4,414	4,437	3,495	2,178	1,519
Other comp. income net of taxes	-95.1%	99	2,010	1,369	-950	-259	-882
Total Comprehensive Income	-127.7%	-1,779	6,424	5,806	2,545	1,919	637
Earnings Per Share, Basic	-142%	-17.8	45.79	45.87	36.4	23.24	18.9466667
Earnings Per Share, Diluted	-142%	-17.8	45.79	45.87	36.4	23.24	18.94
Debt equity ratio	0.2%	087	065	088	-	-	-
Debt service coverage ratio	-1.4%	05	0.0184	0.0243	-	-	-
Interest service coverage ratio	-3%	05	0.0339	0.0414	-	-	-

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
COROMANDEL	Coromandel InternationalFertilizers	65.92 kCr	23.33 kCr	+11.21%	+97.99%	40.19	2.83	-2.06%	-4.82%
PIIND	PI IndustriesPesticides & Agrochemicals	55.36 kCr	8.26 kCr	+4.55%	-4.58%	32.58	6.7	+7.42%	+6.69%
BAYERCROP	Bayer CropSciencePesticides & Agrochemicals	23.1 kCr	5.08 kCr	+0.87%	-12.12%	34.67	4.54	-3.78%	-15.04%
DHANUKA	Dhanuka AgritechPesticides & Agrochemicals	5.9 kCr	2 kCr	-0.24%	-2.96%	21.05	2.95	+11.46%	+14.30%
RALLIS	Rallis IndiaPesticides & Agrochemicals	4.57 kCr	2.7 kCr	+5.94%	-11.86%	33.63	1.7	-1.93%	+36.18%

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Category	UPL	Fertilizers
PE	-164.86	54.03
PS	1.22	2.35
Growth	-1.1 %	4.4 %

Share Holdings

Understand UPL ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Nerka Chemicals Pvt Ltd	21.29%
Life Insurance Corporation Of India	7.28%
Uniphos Enterprises Limited	5.05%
Icici Prudential Multi-Asset Fund	4.24%
Jp Morgan Chase Bank, Na	3%
Suresight Ventures Limited	1.74%
Harmonic Ventures Limited	1.61%
Mfs International Growth Fund	1.51%
Jaidev Rajnikant Shroff	1.37%
Mfs Emerging Markets Equity Fund	1.3%
Vikram Rajnikant Shroff	1.14%
Seafarer Overseas Growth & Income Fund	1.09%
Vanguard International Value Fund	1.01%
Demuric Holdings Private Limited	0.62%
Shilpa P Sagar	0.45%
Jyoti Manshankar Bhatt	0.12%
Trusts	0.08%
Unclaimed or Suspense or Escrow Account	0.06%
Jai Singh	0.05%
R Shroff Consultants Private Limited	0.02%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Valuation
Market Cap	57.28 kCr
Price/Earnings (Trailing)	-168.96
Price/Sales (Trailing)	1.25
EV/EBITDA	8.78
Price/Free Cashflow	58.35
MarketCap/EBT	-485.41

Fundamentals
Revenue (TTM)	45.65 kCr
Rev. Growth (Yr)	10.35%
Rev. Growth (Qtr)	-1.11%
Earnings (TTM)	-339 Cr
Earnings Growth (Yr)	153.08%
Earnings Growth (Qtr)	245.81%

Profitability
Operating Margin	0.26%
EBT Margin	-0.26%
Return on Equity	-1.07%
Return on Assets	-0.40%
Free Cashflow Yield	1.71%

Investor Care
Dividend Yield	0.16%
Dividend/Share (TTM)	1
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	-1.7

Financial Health
Current Ratio	1.35
Debt/Equity	1.01
Debt/Cashflow	0.06

UPL - UPL Limited Share Price

What does UPL Limited do?

Cash Flow for UPL

Revenue Breakdown

Balance Sheet for UPL

Income Statement for UPL

Is UPL Better than it's peers?

Sector Comparison: UPL vs Fertilizers & Agrochemicals

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Valuation

Fundamentals

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Investor Care

Financial Health