NSE UPL · BSE 512070 · Chemical Manufacturing · NIFTY 500
UPL Share Price
₹538.00
▼ −₹11.48 · 2.09%
Day range · 29 Sep
₹532.95Low₹549.20High
52-week range
₹543.00Low · 28 Sep 2026₹812.00High · 2 Jan 2026
UPL Overview
Where the price stands, how it has moved and how it sits against its averages.
UPL shares last traded at ₹538.00 on the NSE, down 2.09% on the day. That is 33.7% below the 52-week high of ₹812.00 and -0.9% above the 52-week low of ₹543.00. The stock trades at 22.48× earnings, above the sector average of 19.70. Its market value is ₹45,416 Cr.
Price returns
1 Day▼ −2.09%
1 Week▼ −3.91%
This month▼ −4.31%
3 Months▼ −5.35%
6 Months▼ −9.71%
This year▼ −32.34%
1 Year▼ −17.76%
Share price growth a year (CAGR): 3 years ▼ −3.1% · 5 years ▼ −4.8% · 10 years ▲ +2.0%
Against the market: 1 Month ▲ +3.35% · 3 Months ▲ +1.93% · 6 Months ▼ −4.34% · This year ▼ −19.07% · 1 Year ▼ −6.28%
Shading grows with the size of the move. We ask our data provider for a newer price every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next check from Mon 26 Oct, 9:15 AM. Its quotes are not real-time — the time at the top shows how current the price is.
Moving averages — price is above 0 of 6
- 300-day average₹649.26 ▼ price 17.1% below
- 100-day average₹599.52 ▼ price 10.3% below
- 50-day average₹579.94 ▼ price 7.2% below
- 20-day average₹567.19 ▼ price 5.1% below
- 10-day average₹559.17 ▼ price 3.8% below
- 5-day average₹554.52 ▼ price 3.0% below
- Today's price₹538.00
Each average is the mean closing price over that many trading days; averages above the current price sit higher on the ladder.
UPL Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
53,576
51,839
3,626
−1,200
1,922
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹51,839 Cr | ▲ +11.2% | ₹1,922 Cr | 3.7% | ₹23.16 | ₹6.00 |
| FY 2025 | ₹46,637 Cr | ▲ +8.2% | ₹897 Cr | 1.9% | ₹9.62 | ₹6.00 |
| FY 2024 | ₹43,098 Cr | ▼ −19.6% | −₹1,200 Cr | −2.8% | −₹17.07 | ₹0.96 |
| FY 2023 | ₹53,576 Cr | ▲ +15.9% | ₹3,570 Cr | 6.7% | ₹43.90 | ₹9.59 |
| FY 2022 | ₹46,240 Cr | ▲ +19.5% | ₹3,626 Cr | 7.8% | ₹44.00 | ₹9.59 |
| FY 2021 | ₹38,694 Cr | ▲ +8.2% | ₹2,871 Cr | 7.4% | ₹34.91 | ₹9.59 |
| FY 2020 | ₹35,756 Cr | — | ₹1,776 Cr | 5.0% | ₹22.30 | ₹5.76 |
18,335
10,181
−443
1,061
10
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹10,181 Cr | ▼ −44.5% | ₹10 Cr | 0.1% | ₹0.12 |
| Q4 FY26 | ₹18,335 Cr | ▲ +49.4% | ₹1,061 Cr | 5.8% | ₹13.43 |
| Q3 FY26 | ₹12,269 Cr | ▲ +2.1% | ₹396 Cr | 3.2% | ₹4.70 |
| Q2 FY26 | ₹12,019 Cr | ▲ +30.4% | ₹553 Cr | 4.6% | ₹6.56 |
| Q1 FY26 | ₹9,216 Cr | ▼ −40.8% | −₹88 Cr | −1.0% | −₹1.11 |
| Q4 FY25 | ₹15,573 Cr | ▲ +42.8% | ₹896 Cr | 5.8% | ₹8.37 |
| Q3 FY25 | ₹10,907 Cr | ▼ −1.7% | ₹828 Cr | 7.6% | ₹11.03 |
| Q2 FY25 | ₹11,090 Cr | — | −₹443 Cr | −4.0% | −₹5.66 |
Balance sheet — FY26
Owes (liabilities)Shareholders' equity
64%
36%
- Total assets₹95,205 Cr
- Total liabilities₹60,509 Cr
- Shareholders' equity₹34,696 Cr
- Total debt₹23,390 Cr
- Cash & investments₹6,696 Cr
- Current ratio1.22×
- Revenue growth, 5 yr6.02% a year
- EPS growth, 5 yr−7.88% a year
- Operating margin (TTM)12.31%
- Net margin (TTM)4.40%
Cash flow — FY26
Operating activities
▲ ₹7,855 Cr
Investing activities
▼ −₹2,362 Cr
Financing activities
▼ −₹9,883 Cr
Free cash flow
▲ ₹5,449 Cr
Net change in cash
▼ −₹3,503 Cr
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 35,756.00 | 38,694.00 | 46,240.00 | 53,576.00 | 43,098.00 | 46,637.00 | 51,839.00 |
| Cost of revenue | 19,009.00 | 19,433.00 | 22,386.00 | 27,621.00 | 24,767.00 | 24,526.00 | 26,215.00 |
| Gross profit | 16,747.00 | 19,261.00 | 23,854.00 | 25,955.00 | 18,331.00 | 22,111.00 | 25,624.00 |
| Operating expenses | 31,284.00 | 32,544.00 | 38,756.00 | 45,131.00 | 40,597.00 | 41,664.00 | 45,411.00 |
| Operating income | 4,472.00 | 6,150.00 | 7,484.00 | 8,445.00 | 2,501.00 | 4,973.00 | 6,428.00 |
| Depreciation | 2,012.00 | 2,173.00 | 2,359.00 | 2,547.00 | 2,763.00 | 2,750.00 | 3,244.00 |
| Profit before tax | 2,764.00 | 4,181.00 | 4,966.00 | 5,150.00 | −2,087.00 | 829.00 | 3,157.00 |
| Tax | 586.00 | 686.00 | 529.00 | 736.00 | −209.00 | 9.00 | 937.00 |
| Net profit | 1,776.00 | 2,871.00 | 3,626.00 | 3,570.00 | −1,200.00 | 897.00 | 1,922.00 |
| EPS (₹) | 22.30 | 34.91 | 44.00 | 43.90 | −17.07 | 9.62 | 23.16 |
| Dividend per share (₹) | 5.76 | 9.59 | 9.59 | 9.59 | 0.96 | 6.00 | 6.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 70,083.00 | 70,431.00 | 82,679.00 | 88,577.00 | 87,546.00 | 88,002.00 | 95,205.00 |
| Current assets | 29,241.00 | 30,070.00 | 39,728.00 | 42,028.00 | 39,328.00 | 39,661.00 | 42,295.00 |
| Cash & short-term investments | 6,727.00 | 4,867.00 | 6,947.00 | 6,173.00 | 6,356.00 | 9,923.00 | 6,696.00 |
| Inventory | 7,850.00 | 9,422.00 | 13,078.00 | 13,985.00 | 12,776.00 | 10,972.00 | 13,494.00 |
| Property, plant & equipment | 7,297.00 | 8,046.00 | 9,262.00 | 10,267.00 | 10,814.00 | 10,046.00 | 10,913.00 |
| Total liabilities | 50,801.00 | 49,544.00 | 58,018.00 | 58,733.00 | 59,753.00 | 55,803.00 | 60,509.00 |
| Current liabilities | 16,686.00 | 19,627.00 | 28,196.00 | 29,037.00 | 26,861.00 | 28,569.00 | 34,748.00 |
| Total debt | 29,386.00 | 24,406.00 | 26,611.00 | 23,826.00 | 29,559.00 | 24,921.00 | 23,390.00 |
| Total equity | 19,282.00 | 20,887.00 | 24,661.00 | 29,844.00 | 27,793.00 | 32,199.00 | 34,696.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 8,739.00 | 7,212.00 | 6,496.00 | 7,751.00 | 1,822.00 | 10,151.00 | 7,855.00 |
| From investing | −2,643.00 | −2,101.00 | −3,819.00 | −1,490.00 | −2,478.00 | −1,840.00 | −2,362.00 |
| From financing | −2,175.00 | −6,713.00 | −1,921.00 | −6,227.00 | 164.00 | −4,793.00 | −9,883.00 |
| Capital expenditure | −1,980.00 | −2,122.00 | −2,688.00 | −2,360.00 | −1,995.00 | −1,695.00 | −2,406.00 |
| Dividends paid | −407.00 | −458.00 | −764.00 | −750.00 | −749.00 | −77.00 | −478.00 |
| Net change in cash | 3,898.00 | −1,927.00 | 1,000.00 | 170.00 | −24.00 | 3,535.00 | −3,503.00 |
UPL vs Peers
Side by side with other chemical manufacturing companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield |
|---|---|---|---|---|---|---|---|---|
| UPL This stock | ₹538.00 | ▼ −2.09% | ₹45,416 Cr | 22.48 | 1.31 | 5.82% | 4.40% | 1.12% |
| Asian Paints | ₹2,414.40 | ▼ −0.04% | ₹2,31,589 Cr | 58.09 | 12.06 | 24.22% | 12.35% | 1.02% |
| Solar Industries India | ₹19,270.00 | ▲ +0.36% | ₹1,74,374 Cr | 99.61 | 26.62 | 30.43% | 17.65% | 0.06% |
| Pidilite Industries | ₹1,470.00 | ▼ −1.94% | ₹1,49,628 Cr | 64.76 | 14.71 | 21.84% | 16.92% | 0.73% |
| SRF | ₹2,434.70 | ▼ −2.22% | ₹72,171 Cr | 44.57 | 6.07 | 15.85% | 11.62% | 0.31% |
| Linde India | ₹6,182.00 | ▼ −0.17% | ₹52,723 Cr | 110.53 | 14.22 | — | 21.69% | 0.06% |
Peer prices and ratios as last reported by the data provider. Company names link to their own pages.
UPL Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
UPLBenchmarkRule-of-thumb bands
Valuation The price against earnings, book value and sales
P/E (TTM)Price ÷ yearly earnings per share
22.48
▲ 14% above the sector average of 19.70
P/E, 12-month rangeLow 12.56 · high 79.84
15%
Today's P/E sits 15% of the way from its low to its high
P/BPrice ÷ book value per share
1.31
P/SMarket cap ÷ last 12 months' revenue
0.86
P/CFPrice ÷ cash flow per share
8.19
Profitability Of every ₹100 of sales, how much is kept?
Gross marginKept after the cost of goods
50.69%
▲ above its 5-yr average of 48.00%
Operating marginKept after running costs
12.31%
▼ below its 5-yr average of 12.36%
Pre-tax marginKept before tax
6.13%
▲ above its 5-yr average of 4.98%
Net marginKept as profit
4.40%
▲ above its 5-yr average of 4.15%
Returns & efficiency How well does it use its money?
Return on equityProfit on shareholders' money
5.75%
▼ below its 5-yr average of 5.82%
Return on assetsProfit on everything it owns
2.42%
▲ above its 5-yr average of 2.33%
Return on investmentProfit on long-term capital
4.12%
▲ above its 5-yr average of 3.79%
Return on capital employedProfit before interest and tax on equity + debt
11.31%
Growth Is the business getting bigger?
Revenue — last 12 months
+12.9%
▲ growing
Revenue — 3 yr, a year
−1.1%
▼ shrinking
Revenue — 5 yr, a year
+6.0%
▲ growing
Net profit — 3 yr, a year
−18.6%
▼ shrinking
Net profit — 5 yr, a year
−7.7%
▼ shrinking
EPS — last 12 months
+96.3%
▲ growing (off the scale)
EPS — 3 yr, a year
−19.2%
▼ shrinking
EPS — 5 yr, a year
−7.9%
▼ shrinking
Dividend — 3 yr, a year
−14.5%
▼ shrinking
Book value — 5 yr, a year
+9.4%
▲ growing
Financial strength Can it pay its bills and debts?
Debt to equityBorrowings for every ₹1 of shareholders' money
0.67×
Current ratioShort-term assets for every ₹1 due within a year
1.22×
Quick ratioLike the current ratio, without inventory
0.83×
Interest coverOperating profit ÷ interest to pay
1.90×
Payout ratioShare of profit paid as dividend
25.91%
Per share What each share stands for
EPS (TTM)
₹24.81
Book value
₹410.99
Cash flow
₹68.50
Dividend
₹6.00
Revenue
₹638.17
The share price is 1.31× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 110 metrics from the data provider
Valuation
P/E excluding extraordinary items, most recent fiscal year23.73
Current Dividend Yield - Common Stock Primary Issue, LTM1.09
Price to Book - most recent fiscal year1.34
P/E Basic excluding extraordinary items - TTM23.02
P/E including extraordinary items - TTM22.15
P/E excluding extraordinary items low, trailing 12 months12.56
Price to Tangible Book - most fiscal year150.31
Dividend Yield - 5 Year Average1.05
Price to sales - most recent fiscal year0.90
Dividend Yield - indicated annual dividend divided by closing price1.09
Price to Cash Flow per share - trailing 12 month8.19
Price to Free Cash Flow per Share - most recent fiscal year9.34
P/E Normalized, most recent fiscal year24.27
P/E excluding extraordinary items high, trailing 12 months79.84
P/E excluding extraordinary items, most recent fiscal year quarter22.15
Price to sales - trailing 12 month0.88
Net Debt, LFY1,66,940.00
Per share
Dividend Per Share - 5 year average6.43
Cash Flow per share - trailing 12 month68.50
Cash Flow per share - most recent fiscal year65.84
EPS including extraordinary items - trailing 12 month24.81
EPS including extraordinary items - most recent fiscal year23.16
EBITD per share - trailing 12 month118.26
Revenue/share - trailing 12 month638.17
EPS excluding extraordinary items - trailing 12 month24.81
EPS Basic excluding extraordinary items - most recent fiscal year23.16
EPS Basic excluding extraordinary items - trailing 12 month24.81
Book value per share - most recent fiscal year411.01
Dividend per share - most recent fiscal year6.00
Revenue/share - most recent fiscal year624.62
EPS Normalized - most recent fiscal year22.64
Book value (tangible) per share - most recent fiscal year3.66
Dividends per share - trailing 12 month6.00
EPS excluding extraordinary items - most recent fiscal year23.16
Cash per share - most recent fiscal year79.32
Margins
Operating margin - trailing 12 month12.31
Gross Margin - 5 year average48.00
Operating margin - 1st historical fiscal year12.40
Operating Margin - 5 year average12.36
Net Profit Margin % - 1st historical fiscal year4.28
Gross Margin - 1st historical fiscal year49.43
Net Profit Margin % - trailing 12 month4.40
Net Profit Margin - 5 year average4.15
Pretax Margin - 5 year average4.98
Pretax margin - 1st historical fiscal year6.09
Pretax margin - trailing 12 month6.13
Free Operating Cash Flow/Revenue, 5 Year Average8.33
Gross Margin - trailing 12 month50.69
Growth
EPS Change %, TTM over TTM96.32
Revenue growth rate, 5 year6.02
EPS growth rate, 5 year−7.88
Revenue Change % - most recent quarter 1 year ago10.47
Growth rate% - dividend, 3 year−14.48
Growth rate% - EPS, 3 year−19.20
Revenue/share (5 yr growth)5.16
Free Operating Cash Flow, 5 Year CAGR1.42
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR2.34
Capital Spending growth rate, 5 year2.54
Revenue Change %, TTM over TTM12.86
Growth rate% - Revenue, 3 year−1.09
Book value per share growth rate, 5 year9.40
EPS Change % - most recent quarter 1 year ago110.84
Net Profit Margin growth rate, 5 year−13.87
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR2.35
Total Debt, 5 Year CAGR−0.85
Financial strength
Net Interest coverage - most recent fiscal year1.90
Free Cash Flow - most recent fiscal year49,710.00
LT debt/equity - most recent fiscal year0.48
Quick ratio - most recent fiscal year0.83
Payout ratio - trailing 12 month25.10
Current ratio - most recent fiscal year1.22
Current EV/Free Cash Flow, LFY27.02
Total debt/total equity - most recent fiscal year0.67
Net Interest coverage - trailing 12 month1.61
Payout ratio - most recent fiscal year26.38
Returns & efficiency
Return on average equity - 5 year average5.82
Net Income/employee - trailing 12 month2,63,37,870.00
Revenue/employee - most recent fiscal year14,12,12,200.00
Return on investment - most recent fiscal year4.12
Return on average assets - most recent fiscal year2.42
Receivables turnover - most recent fiscal year2.98
Inventory turnover - most recent fiscal year2.14
Revenue/employee - trailing 12 month59,86,84,800.00
Return on average assets - 5 year average2.33
Net Income/employee - most recent fiscal year60,47,399.00
Asset turnover - most recent fiscal year0.57
Return on average equity - most recent fiscal year5.75
Return on investment - 5 year average3.79
Price & volume
Market Cap45,416.30
52 week Low Date28 Sep 2026
Price - 1 Day % Change−0.10
Relative (S&P500) price percent change - 13 week1.93
Avg trading volume last 10 days2.38
Price - 13 week price percent change−3.33
Price - 52 week price percent change−15.20
Avg Trading Volume Last 3 months45.50
Price - 5 Day % Change−1.86
Price % Change Month To Date−2.27
Relative (S&P500) price percent change - 04 week3.35
52 week High Date2 Jan 2026
Price - 26 week price percent change−3.25
PDATE28 Sep 2026
Price - YTD price percent change−30.89
Relative (S&P500) price percent change - 52 week−6.28
NPRICE549.50
Relative (S&P500) price percent change - 26 week−4.34
52 week Low542.85
52 week High812.20
Beta1.29
Relative (S&P500) price percent change - Year to Date−19.07
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
₹9.59
₹6.00
- Dividend yield1.12%
- Payout ratio25.91%
- 5-year average dividend₹6.43 a share
- Latest dividend₹6.00 per share · 17 Jul 2026
Corporate calendar
- MeetingAnnual General Meeting
- BoardQuarterly Results
- Dividend₹6.00 per share · 300% · Final dividend
- BoardAudited Results & Final Dividend
- MeetingExtraordinary General Meeting
- BoardQuarterly Results
- BoardQuarterly Results
- MeetingExtraordinary General Meeting
Show 12 older events
- BoardQuarterly Results
- BoardAudited Results & Final Dividend
- MeetingExtraordinary General Meeting
- BoardQuarterly Results
- RightsRights issue of equity shares of ₹ 2/- in the ratio of 1:8 @ premium of ₹ 358/-.
- BoardOthers
- MeetingAnnual General Meeting
- Dividend₹1.00 per share · 50% · Final dividend
- MeetingExtraordinary General Meeting
- Dividend₹10.00 per share · 500% · Final dividend
- Dividend₹10.00 per share · 500% · Final dividend
- Dividend₹10.00 per share · 500% · Final dividend
About UPL
Chemical Manufacturing
UPL Limited is an India-based company that provides agricultural solutions and services. The Company operates through three segments: Crop Protection, Seeds Business, and Non Agro. Its Crop Protection segment includes the manufacture and marketing of conventional agrochemical products, and other agricultural related products. Its Seeds Business segment includes the production and marketing of seeds. Its Non Agro includes manufacture and marketing of industrial chemical and other non-agricultural related products. The Company’s specialty applications include crop protection solutions for niche and specialty crops; products for underserved or hard-to-control pests; alternative application methods like seed and soil applied technologies; and bio-based products. Its offering covers the entire agricultural value chain spanning, such as seeds, crop protection products, natural solutions, on-farm equipment and services, and post-harvest solutions.
Key people
- Jaidev Rajnikant ShroffNon-Executive Chairman of the Board, Group Chief Executive Officer
- Vikram Rajnikant ShroffCo-Chief Executive Officer, Non-Executive Vice Chairman of the Board
- Bikash PrasadGroup Chief Financial Officer
- Sandeep Mohan DeshmukhCompliance Officer, Company Secretary
- Sujoy MazumdarGroup General Counsel
- Raj Kumar TiwariWhole-Time Director
Company facts
- NSE symbolUPL
- BSE code512070
- ISININE628A01036
- IndustryChemical Manufacturing
- IndexNIFTY 500
- Market cap₹45,416 Cr
- Revenue (FY26)₹51,839 Cr
- Net profit (FY26)₹1,922 Cr
In the News
Recent headlines about UPL — they open on Mint in a new tab.
- India’s Brics chairship in 2026 offers an opportunity to forge stronger ties that benefit all economies
The expanded Brics grouping brings together a vast pool of economic strengths that can be used to build mutual resilience amid supply-chain disruptions and an uncertain environment. India could use its chairship to facilitate collaboration among member countries.
3 Sep 2026 · 3 min read · Mint ↗
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Frequently Asked Questions
UPL (NSE: UPL) last traded at ₹538.00 on the NSE, down 2.09% (₹11.48) on the day, as of 29 Sep 2026. The day's range was ₹532.95 – ₹549.20.
UPL's 52-week high is ₹812.00 (2 Jan 2026) and its 52-week low is ₹543.00 (28 Sep 2026). At ₹538.00 the share is 33.7% below its high and -0.9% above its low.
UPL's market capitalisation is ₹45,416 Cr (₹45,416 Cr). It is part of the NIFTY 500 index.
UPL's P/E ratio (trailing 12 months) is 22.48. The sector average is 19.70, so investors pay 14% more for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹24.81.
UPL shares are down 17.76% over the last year, down 32.34% so far this year, down 9.71% over 6 months, down 5.35% over 3 months. Over the last year the stock did 6.28% worse than the market.
In FY26 (year to Mar 2026), UPL reported revenue of ₹51,839 Cr (up 11.15% on the year before) and a net profit of ₹1,922 Cr. Earnings per share were ₹23.16.
Yes. UPL's latest dividend is ₹6.00 per share (300%, final dividend), with an ex-date of 17 Jul 2026. The dividend yield is 1.12%. It has paid 5 dividends in the records shown on this page.
As of Jun 2026: Promoter 33.51%, FII 42.39%, MF 8.57%, Other 15.53%.
UPL's listed peers in Chemical Manufacturing include Asian Paints, Solar Industries India, Pidilite Industries, SRF, Linde India. By market capitalisation it ranks #6 of 6 in this group.
No. UPL has debt — its debt-to-equity ratio is 0.67 and total debt was ₹23,390 Cr in FY26. Its operating profit covers interest 1.90 times.