UPL share price
NSE: UPLBSE: 512070Fertilizers & AgrochemicalsMid Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹536.40.
29 Oct: open ₹535.85, high ₹547.95, low ₹528.85
- Next results date: the board meets on 2 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹45,750 Cr187th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 22.65
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.32
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.11%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 6.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.53
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 19,58,83850.1% delivered
About UPL
UPL Limited is an agricultural company based in India that makes and sells crop protection products, seeds, post-harvest treatments and specialty chemicals.12 Its crop protection range covers herbicides, fungicides, insecticides and biological products, sold in India and abroad, mainly through distributors and in some regions through cooperatives or directly to growers.345 Its specialty chemicals serve industries such as lubricant additives, flame retardants, mining and pharmaceuticals.6
The business runs as 4 platforms: UPL Corporation for crop protection outside India, UPL Sustainable Agri Solutions (UPL SAS) for crop protection in India, Advanta Enterprises for seeds and post-harvest treatment, and SUPERFORM Chemistries for specialty chemicals and contract manufacturing.5 It has 43 manufacturing facilities and 32 seed processing sites, more than 16,000 product registrations and more than 3,200 patents, and reaches more than 140 countries.789 Its plants in India are in Gujarat, Maharashtra, Punjab, West Bengal, Karnataka and Jammu, and it had 12,399 employees at the end of March 2026.1011
It was incorporated in 1985.4 In September 2025, Advanta took over DECCO, a post-harvest treatment business already under the group's control.1213 The promoter group held 33.51% of the shares on 20 Feb 2026, and the Chairman, Jaidev R. Shroff, is a promoter.141516 UPL Limited owns 78.21% of Advanta and 100% of SUPERFORM.1718
UPL key points
Results
- In the quarter to Jun 2026, revenue rose 10% to ₹10,181 crore (volumes fell 3%, prices rose 3% and exchange rates added 10%), and EBITDA (earnings before interest, tax, depreciation and amortisation) rose 15% to ₹1,500 crore, a margin of 14.7%.1920
- PATMI (profit after tax belonging to UPL's shareholders) was ₹10 crore in the quarter to Jun 2026, against a loss of ₹88 crore a year earlier.21
- In the year to Mar 2026, consolidated revenue rose 11% to ₹51,839 crore, EBITDA rose 18% to ₹9,588 crore and profit after tax (before minority holders' share) was ₹2,220 crore. The directors recommended a final dividend of ₹6 a share.222324
- Net debt (borrowings less cash) was 2.4 times EBITDA at the end of June 2026, against 2.6 times a year earlier.1820
Business segments
- Revenue by platform, before removing sales between platforms25
Item year to Mar 2026 year to Mar 2025 UPL Corp ₹38,277 crore ₹34,381 crore SUPERFORM ₹10,298 crore ₹10,181 crore Advanta ₹6,837 crore ₹5,566 crore UPL SAS ₹3,212 crore ₹3,229 crore - The company says Advanta was the world's 10th largest seed company by consolidated revenue in the year to Mar 2026.1
- SUPERFORM has the largest phosphorus and phosphorus derivative handling capacity in India, the company says, and its exports from India crossed ₹1,000 crore in the year to Mar 2026.6
- In the quarter to Jun 2026, revenue grew 7% at UPL Corp, 26% at Advanta and 14% at SUPERFORM.26
Revenue mix
- Advanta revenue by crop27
Item year to Mar 2026 Field corn 40% Post-harvest treatment 17% Grain and forage sorghum 16% Sunflower and canola 15% Vegetables and fresh corn 10%
Where revenue comes from
- Revenue by region28
Item year to Mar 2026 year to Mar 2025 Latin America ₹19,358 crore ₹17,600 crore Rest of the world ₹10,789 crore ₹9,832 crore Europe ₹8,167 crore ₹7,189 crore North America ₹7,182 crore ₹6,065 crore India ₹6,343 crore ₹5,951 crore
Research and development
- In the international crop protection business, products launched in the past 5 years made up 16% of revenue in the year to Mar 2026, against 14% a year earlier.29
- The company stated in its annual report for the year to Mar 2026 that its crop protection pipeline (including 27 new molecules) has $4.4 billion of peak sales (top yearly sales, net of technical risk) and $1.5 billion expected by the year to Mar 2030.30
- The company stated in its annual report for the year to Mar 2026 that Advanta has over 8,000 hybrids in development, with over 320 nearing commercialisation (launch) within 12 to 18 months.27
What the company expects
- On its earnings call of 3 Aug 2026, the company said it expects revenue to grow 7% to 11% and EBITDA 10% to 14% in the year to Mar 2027. Its presentation assumed no further adverse weather and no major escalation in West Asia.313233
- On its earnings call of 3 Aug 2026, the company said it expects its international crop protection business to generate about $700 million of revenue from its sustainable solutions portfolio and $115 million from new product launches in the year to Mar 2027.3431
- On its earnings call of 3 Aug 2026, the company said it targets net debt below 1.5 times EBITDA over the medium term.18
- On its earnings call of 3 Aug 2026, the company said it expects SUPERFORM's revenue mix to move towards about 55% ag (agricultural) chemicals and 45% super specialty chemicals over the next 3 to 4 years.35
Restructuring and listings
- On 20 Feb 2026, the board approved a scheme to combine the India and international crop protection businesses in UPL Global Sustainable Agri Solutions Limited, to be listed in India.36
- In its exchange filing of 20 Feb 2026, the company said UPL Limited would stay listed; its annual report for the year to Mar 2026 says shareholders would also get shares in the new company.3728
- BSE and NSE raised no objection to the scheme on 29 Jul 2026; the company said it still needs other regulatory approvals.38
- Advanta Enterprises filed for an initial public offering (first sale of shares to the public) on 19 Jan 2026, with UPL Limited proposing to sell up to 28,107,578 shares; SEBI approved it on 3 Jun 2026.272819
Recent events
- On 2 Sep 2026, CRISIL reaffirmed its CRISIL AA+ credit rating (an opinion on ability to repay debt) on UPL Limited's long-term bank facilities and changed the outlook from Negative to Stable.39
- On 15 Aug 2026, the company said Advanta was acquiring Misr Hytech Seed International, an Egyptian seed company, for about $110 million in cash, subject to competition approvals, expected to complete by 31 Jan 2027.4041
- On 3 Aug 2026, the company said Mike Frank had decided to step down as CEO of UPL Corp, its global crop protection business.42
Last updated
All 42 sources, each with its page
- 1. Annual report, 15 Jul 2026, page 11
- 2. Annual report, 15 Jul 2026, page 1
- 3. Annual report, 15 Jul 2026, page 12
- 4. Annual report, 15 Jul 2026, page 91
- 5. Annual report, 15 Jul 2026, page 62
- 6. Annual report, 15 Jul 2026, page 23
- 7. Annual report, 15 Jul 2026, page 9
- 8. Annual report, 15 Jul 2026, page 5
- 9. Annual report, 15 Jul 2026, page 34
- 10. Annual report, 15 Jul 2026, page 88
- 11. Annual report, 15 Jul 2026, page 66
- 12. Annual report, 15 Jul 2026, page 20
- 13. Investor presentation, 3 Aug 2026, page 25
- 14. Exchange filing, 20 Feb 2026, page 5
- 15. Annual report, 15 Jul 2026, page 79
- 16. Annual report, 15 Jul 2026, page 73
- 17. Annual report, 15 Jul 2026, page 19
- 18. Earnings call, 3 Aug 2026, page 5
- 19. Earnings call, 3 Aug 2026, page 3
- 20. Investor presentation, 3 Aug 2026, page 8
- 21. Earnings call, 3 Aug 2026, page 4
- 22. Annual report, 15 Jul 2026, page 4
- 23. Annual report, 15 Jul 2026, page 26
- 24. Annual report, 15 Jul 2026, page 68
- 25. Annual report, 15 Jul 2026, page 63
- 26. Investor presentation, 3 Aug 2026, page 11
- 27. Annual report, 15 Jul 2026, page 21
- 28. Annual report, 15 Jul 2026, page 67
- 29. Annual report, 15 Jul 2026, page 35
- 30. Annual report, 15 Jul 2026, page 15
- 31. Earnings call, 3 Aug 2026, page 8
- 32. Earnings call, 3 Aug 2026, page 9
- 33. Investor presentation, 3 Aug 2026, page 29
- 34. Earnings call, 3 Aug 2026, page 7
- 35. Earnings call, 3 Aug 2026, page 14
- 36. Exchange filing, 20 Feb 2026, page 1
- 37. Exchange filing, 20 Feb 2026, page 4
- 38. Exchange filing, 29 Jul 2026, page 1
- 39. Exchange filing, 2 Sep 2026, page 1
- 40. Exchange filing, 15 Aug 2026, page 1
- 41. Exchange filing, 15 Aug 2026, page 2
- 42. Earnings call, 3 Aug 2026, page 16
Results
Consolidated; ₹ crore.UPL quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +12.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +69.3%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹10,181 Crdown 44.47%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- −₹73 CrQuarter to Mar 2026: ₹1,294 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- −0.7%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,090 | 10,907 | 15,573 | 9,216 | 12,019 | 12,269 | 18,335 | 10,181 |
| Net profit | −585 | 853 | 1,079 | −176 | 612 | 490 | 1,294 | −73 |
| Net margin | −5.3% | 7.8% | 6.9% | −1.9% | 5.1% | 4.0% | 7.1% | −0.7% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹51,839 Crup 11.15%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,220 Crup 170.73%
- Net margin
- 4.3%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16,680 | 17,506 | 21,837 | 35,756 | 38,694 | 46,240 | 53,576 | 43,098 | 46,637 | 51,839 |
| Net profit | 1,734 | 2,030 | 1,519 | 2,178 | 3,495 | 4,437 | 4,414 | −1,878 | 820 | 2,220 |
| Net margin | 10.4% | 11.6% | 7.0% | 6.1% | 9.0% | 9.6% | 8.2% | −4.4% | 1.8% | 4.3% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Crop protectionCrop protection, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹42,399 Crup 6.54%81.5%
- Seeds & Post harvestSeeds & Post harvest, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹6,830 Cr13.1%
- Non agroNon agro, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,803 Crup 17.62%5.4%
Valuation
Today, against the company's own history.UPL PE ratio and valuation
At or below today's level on 59% of 2,099 trading days over the last 10 years.
At or below today's level on 4% of 1,871 trading days since Oct 2018.
At or below today's level on 57% of 2,395 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −9.7% | +114.1% | −58.3% | 1.1% |
| 3 years | −6.8% | −21.8% | +18.3% | 0.7% |
| 5 years | −1.4% | −9.5% | +7.9% | 1.0% |
Mutual fund holdings
165 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 111 of the 124 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 165 funds holding UPL
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 67
- CutCut. Funds that held fewer shares than at the end of the month before.
- 57
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 38
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 9
| Fund | |||
|---|---|---|---|
| 87,55,000 | 1.05% | ₹472.6 Cr | |
| 83,52,467 | 1.24% | ₹450.8 Cr | |
| 38,02,130 | 0.27% | ₹205.2 Cr | |
| 34,65,469 | 2.35% | ₹187.0 Cr | |
| 32,60,348 | 0.84% | ₹176.0 Cr | |
| 32,38,323 | 0.93% | ₹174.8 Cr | |
| 29,86,869 | 3.90% | ₹161.2 Cr | |
| 27,53,375 | 0.37% | ₹148.6 Cr | |
| 25,56,885 | 0.39% | ₹138.0 Cr | |
| 23,64,157 | 0.40% | ₹127.6 Cr |
Promoter and insider buying and selling
Trades made since 30 Oct 2025.UPL insider trading
- Others1 purchase, 0 sales₹0.63 CrNo saleNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹0.63 Cr
- Promoters and promoter group: no market trade
UPL competitors and peers
Pesticides & Agrochemicals, 34 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to UPL in market cap.Chemical companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 32,013 | 27.48 | 2.85 | −16.6% | −27.7% | 10.9% | 9.9% | 0.71% | |
| 16,567 | 29.64 | 4.48 | −2.6% | +3.0% | 16.2% | 15.8% | 0.39% | |
| 14,785 | 20.20 | 4.99 | −2.8% | +23.6% | 25.2% | 26.2% | 4.56% | |
| 6,156 | 9.83 | 1.96 | +18.5% | +49.1% | 22.2% | 22.3% | 2.20% | |
| 3,900 | 14.55 | 2.32 | −5.6% | −11.7% | 17.4% | 18.5% | 0.23% | |
| 3,686 | 18.71 | 1.68 | +6.8% | +11.9% | 9.3% | 11.3% | 1.58% | |
| 2,710 | 219.09 | 3.97 | +11.9% | – | 2.2% | 7.4% | 0.00% | |
| 2,588 | 94.03 | 3.71 | +34.1% | +126.9% | 4.0% | 5.7% | 0.08% |
Dividends
Per share, by the year it was paid for, and the latest payments.UPL dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 17 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹6.00 |
| 11 Jul 2025 | Final | ₹6.00 |
| 12 Aug 2024 | Final | ₹1.00 |
| 3 Aug 2023 | Final | ₹10.00 |
| 27 Jul 2022 | Final | ₹10.00 |
| 14 Jul 2021 | Final | ₹10.00 |
Latest announcements
Routine notices left out.UPL announcements
Oct 2026
26 Oct · Analysts
26 Oct · Board meeting
Sep 2026
Aug 2026
26 Aug · Management
26 Aug · Management
UPL share price by year
Each calendar year to 2025.UPL share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 795.15 | +58.7% | 795.15 | 500.50 |
| 2024 | 501.00 | −14.7% | 621.20 | 451.90 |
| 2023 | 587.25 | −18.0% | 770.35 | 532.05 |
| 2022 | 716.15 | −4.1% | 841.00 | 613.65 |
| 2021 | 747.10 | +60.2% | 853.55 | 469.30 |
| 2020 | 466.35 | −20.2% | 604.55 | 254.60 |
| 2019 | 584.50 | +15.6% | 698.35 | 497.77 |
| 2018 | 505.50 | −0.6% | 549.50 | 366.40 |
| 2017 | 508.47 | +17.9% | 596.07 | 436.67 |
| 2016 | 431.33 | +47.7% | 480.97 | 248.97 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 510.55 | 537.95 | 505.30 | 536.40 | 525.69 | 46,48,079 | 47.3% |
| 27 Oct 2026 | 496.25 | 519.00 | 494.05 | 519.00 | 505.14 | 23,36,397 | 54.8% |
| 26 Oct 2026 | 508.00 | 508.65 | 496.45 | 497.70 | 500.26 | 8,19,623 | 31.4% |
| 23 Oct 2026 | 514.10 | 516.20 | 501.20 | 508.65 | 505.96 | 9,73,849 | 48.8% |
| 22 Oct 2026 | 511.65 | 517.40 | 504.00 | 514.10 | 512.12 | 12,15,819 | 52.1% |
| 21 Oct 2026 | 530.35 | 532.70 | 508.65 | 514.50 | 515.59 | 20,59,060 | 58.5% |
| 19 Oct 2026 | 530.50 | 536.15 | 526.15 | 530.35 | 531.96 | 5,98,405 | 47.9% |
| 16 Oct 2026 | 541.05 | 543.90 | 532.55 | 534.65 | 537.45 | 14,34,861 | 56.8% |
| 15 Oct 2026 | 541.65 | 549.65 | 539.00 | 541.05 | 543.26 | 17,00,665 | 49.5% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 26 Nov 2024 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
| 2 Jul 2019 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 31 Oct 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 29 Oct 2008 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Company details
- NSE symbol
- UPL
- BSE code
- 512070
- ISIN
- INE628A01036
- Industry
- Fertilizers & Agrochemicals
- Former symbols
- UNIPHOS
- Website
- www.uplonline.com
- CIN
- L24219GJ1985PLC025132
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1985
- Registered office
- 3-11, GIDC, Vapi, Dist. Valsad, 396195, Gujarat
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments