profit from every ₹100 of sales.
₹0₹100
UPL
₹541.00+1.12% today
-27.6% in 1 year
1-year low ₹484.001-year high ₹805.45
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹23.79 for every ₹1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What UPL sold, what it kept, and what it did with the cash.
Sales went from ₹531 billion in 2023 to ₹518 billion in 2026, with ₹19.2 billion of profit last year.
SalesProfit
UPL handed back 9% of the cash it generated last year.
₹4.8B
Free cash flow 2026₹54.5B
Bought back its own shares–
Paid as dividends₹4.8B
Cash vs. debt₹59.8B vs. ₹235.8B
UPL vs. similar companies
UPL grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| UPL | 23.8× · Fair price | ||
 Nutrien | 15.1× · Fair price | ||
 Qinghai Salt Lake Industry Co.,Ltd | 14.1× · Cheap | ||
 CF Industries Holdings | 12.0× · Cheap | ||
 Industries Qatar Q.P.S.C. | 14.7× · Cheap |
AI analysis
An AI analyst reads UPL's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 531,340 | 425,990 | 466,370 | 518,390 | |
| 255,130 | 178,320 | 224,140 | 259,480 | |
| 87,500 | 28,480 | 56,100 | 70,940 | |
| 106,810 | 40,540 | 72,060 | 98,020 | |
| 35,700 | -12,000 | 8,970 | 19,220 | |
| 43.92 | -17.45 | 9.62 | 22.32 | |
| 48.0% | 41.9% | 48.1% | 50.1% | |
| 16.5% | 6.7% | 12.0% | 13.7% | |
| 6.7% | -2.8% | 1.9% | 3.7% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 885,770 | 875,460 | 880,020 | 952,050 |
| Cash | 59,670 | 59,430 | 94,780 | 59,750 |
| Total debt | 239,390 | 297,540 | 250,990 | 235,760 |
| Total liabilities | 531,480 | 548,400 | 501,760 | 539,360 |
| 298,440 | 277,930 | 321,990 | 346,960 | |
| 782 | 766 | 932 | 861 | |
| 11.9% | 1.8% | 6.1% | 8.9% | |
| 12.0% | -4.3% | 2.8% | 5.5% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 77,510 | 23,210 | 101,510 | 78,550 | |
| 23,600 | 19,950 | 16,950 | 24,060 | |
| 53,910 | 3,260 | 84,560 | 54,490 | |
| Dividends paid | 7,500 | 7,490 | 770 | 4,780 |
| 13,550 | 0 | – | – | |
| 1,330 | 70 | 390 | 700 |
Valuation
- 23.8×
- –
- –
- 1.3×
- 0.9×
- 8.4×
- 6.5×
- 11.9%
- 4.2%
- 1.0%
Profitability
- 50.1%
- 13.7%
- 3.7%
- –
- 7.7%
- 6.5%
- –
- –
- –
- –
Growth
- −0.8%
- −20.2%
- –
- –
- +2.0%
Financial health
- 1.9×
- 0.68
- –
- 2.1×
- 1.22
- –
- –
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 43%of 988
Top 40%of 948
Bottom 44%of 768
Bottom 33%of 927
Top 9%of 987
1.0%of the share price, paid each year
On $1,000 invested$10a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
24.9% of its profit
Room to growStretchedMore than it earns: 8.8%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
47No pass
Benjamin Graham
50No pass
Philip Fisher
39No pass
Peter Lynch
19No pass
Joel Greenblatt
43No pass
Charlie Munger
34No pass
Terry Smith
38No pass
Questions about UPL
Is UPL a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the UPL AI analysis
What does UPL do?
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 is in Agricultural Inputs, based in Mumbai, India.
Does UPL pay a dividend?
Yes. At today's price the dividend is 1.0% a year, about 25% of its yearly profit. In 2026 it paid out ₹4.78 billion in dividends.
Is UPL stock halal?
No. UPL does not pass our halal screen: its debt is 52% of its market value, at or above the 33% limit. How we check
How has UPL stock done over the past year?
Down 27.6% over the past twelve months, to ₹541.00. It traded between ₹484.00 and ₹805.45 and is 32.8% below its high.
Who are UPL's competitors?
The largest listed companies in the same industry are Nutrien, Qinghai Salt Lake Industry Co.,Ltd, CF Industries Holdings and Industries Qatar Q.P.S.C.. The peers table on this page compares their profit, growth and price with UPL's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.