UPL Limited
NSE: UPLINE628A01036(was UNIPHOS)·ChemicalsMidcap 150·www.uplonline.com ↗·Mcap ₹46,763 Cr·Listed 2004
₹550.05▲ ₹0.45  (0.08%)
52W: ₹544 – ₹812 · Vol: 20.7L shares · Close 25 Sept
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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q2 FY19
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q3 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY19Q3 FY19Q2 FY19
Revenue from operations10,18118,33512,26912,0199,21615,57310,90711,0909,06714,0789,88710,1708,96316,56913,67912,50710,82115,86111,29710,5678,51512,7969,1268,9397,83311,1418,8927,8177,9068,5254,9214,257
Other income217178922501431071701119812615110510121111578731167047484967756721202439483732
Total expenses10,41516,52811,55311,5739,55814,00110,36911,5059,53914,11411,66110,3739,02615,48012,31311,3159,78213,9239,9829,5617,89911,1428,2118,1487,07410,0197,8007,3597,6418,0704,3673,832
EBITDA1,4503,5582,3172,0011,3963,1911,9561,3521,1011,848931,3251,2732,7222,8842,4442,1463,3802,4441,9311,7742,6512,2021,6671,8321,9042,1021,4471,2401,291938787
EBITDA margin14.2%19.4%18.9%16.6%15.1%20.5%17.9%12.2%12.1%13.1%0.9%13.0%14.2%16.4%21.1%19.5%19.8%21.3%21.6%18.3%20.8%20.7%24.1%18.6%23.4%17.1%23.6%18.5%15.7%15.1%19.1%18.5%
Finance costs8528367747841,0079147301,0709131,0901,191871700906894644519800529359607421745343551187515381398405202181
Depreciation832915827771731705688697660794676657636727624608588642600566551576542533522595495608577431182181
Profit before tax−261,969752838−2081,404632−312−423−15−1,640−185−51,2711,4611,2271,0341,8861,3321,0136011,6231,0606558019721,037177232204500400
Tax−36598181172−14298−49913872110−59−96−16431113523159265167249−1523221091121432111996612−3128116
Net profit−731,294490612−1761,079853−585−527−80−1,607−2931021,0801,3609691,0051,7351,1797747491,361944537653784830103216263468276
Net margin-0.7%7.1%4.0%5.1%-1.9%6.9%7.8%-5.3%-5.8%-0.6%-16.3%-2.9%1.1%6.5%9.9%7.7%9.3%10.9%10.4%7.3%8.8%10.6%10.3%6.0%8.3%7.0%9.3%1.3%2.7%3.1%9.5%6.5%
EPS (₹)0.1212.574.696.75-1.9811.429.98-5.90-6.020.52-17.11-2.541.3310.6813.5210.8310.7618.0411.468.298.0812.7510.386.077.208.089.161.172.334.059.055.26
Net profit YoY+58.5%+19.9%−42.6%+204.6%+66.6%+1448.8%+153.1%−99.7%−616.7%−107.4%−218.2%−130.2%−89.9%−37.8%+15.4%+25.2%+34.2%+27.5%+24.9%+44.1%+14.7%+73.6%+13.7%+421.4%+202.3%+198.1%+77.4%−62.7%––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY19
Revenue from operations51,83946,63743,09853,57646,24038,69435,75621,837
Other income663486483477281258104240
Total expenses49,21245,41445,17448,89041,36534,57532,47619,956
EBITDA9,2727,6004,53910,1969,5298,3526,7733,813
EBITDA margin17.9%16.3%10.5%19.0%20.6%21.6%18.9%17.5%
Finance costs3,4013,6273,8522,9632,2952,0601,481963
Depreciation3,2442,7502,7632,5472,3592,1732,012969
Profit before tax3,3511,301−1,8454,9934,8324,1392,7611,670
Tax9379−209736529686586165
Net profit2,220820−1,8784,4144,4373,4952,1781,519
Net margin4.3%1.8%-4.4%8.2%9.6%9.0%6.1%7.0%
EPS (₹)22.329.85-17.8045.7945.8736.4023.2428.42
Net profit YoY+170.7%+143.7%−142.5%−0.5%+27.0%+60.5%+43.4%–
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow7,85510,1511,8227,7516,496
Investing cash flow−2,362−1,840−2,478−1,490−3,819
Financing cash flow−9,883−4,793164−6,227−1,921
Capital expenditure1,6668131,1591,6722,022
Free cash flow (CFO − capex)6,1899,3386636,0794,474

Net profit trend

annual, ₹ crore
FY21
₹3,495
FY22
₹4,437+27%
FY23
₹4,414−1%
FY24
₹−1,878−143%
FY25
₹820+144%
FY26
₹2,220+171%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Consolidated3 Aug 2026PDF on NSE XBRL
Q1 FY27Standalone3 Aug 2026PDF on NSE XBRL
Q4 FY26Consolidated–PDF on NSE XBRL
Q4 FY26Consolidated11 May 2026PDF on NSE XBRL
Q3 FY26Consolidated2 Feb 2026PDF on NSE XBRL
Q3 FY26Standalone2 Feb 2026PDF on NSE XBRL
Q2 FY26Consolidated6 Nov 2025PDF on NSE XBRL
Q1 FY26Consolidated1 Aug 2025PDF on NSE XBRL
Q1 FY26Standalone1 Aug 2025PDF on NSE XBRL
Q4 FY25Consolidated12 May 2025PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)20.0×
P/B1.34×
ROEFY26, on average equity6.9%
Net margin4.3%
Debt / equity0.64×
Revenue CAGR (3Y)-1.1%
Profit CAGR (3Y)-20.5%
EPS (TTM)₹27.49
Market cap₹46,479 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹95,205 Cr+8%
Net worth₹34,696 Cr+19%
Total borrowings₹22,046 Cr−7%
Cash & bank balances₹5,975 Cr−37%
Investments₹1,404 Cr+50%
Inventories₹12,676 Cr+23%
Trade receivables₹17,874 Cr+15%
Trade payables₹12,018 Cr+11%
Change vs the same date a year earlier.
Revenue mix FY26
Crop protection81.5%result ₹5,738 Cr
Seeds & Post harvest13.1%result ₹1,425 Cr
Non agro5.4%result ₹344 Cr
Segment revenue as reported, before inter-segment eliminations.
Shareholding 30 Jun 2026
%Jun 26Mar 26Feb 26Dec 25Sept 25Jun 25Mar 25Jan 25Dec 24Dec 24Sept 24Jun 24
Promoter33.5133.5133.5133.5033.5033.5033.5033.5033.5133.5132.5232.52
FII43.7143.1041.7640.9939.8837.8237.2135.4635.4634.8137.5337.82
DII14.3214.6316.1216.7217.1618.1018.5618.8918.8919.1717.6515.74
of which MF8.577.237.587.687.458.98––––––
Retail6.416.586.536.576.847.627.958.868.868.959.3910.97
Other public2.052.182.082.222.622.962.783.293.283.562.912.95
2,72,868 shareholders · NSE shareholding pattern filings.