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Last Updated on: 01 June, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

UPL Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 8:27 pm

Market Cap 50,975 Cr.
Current Price 628
High / Low 699/459
Stock P/E47.1
Book Value 346
Dividend Yield0.16 %
ROCE7.76 %
ROE4.01 %
Face Value 2.00
PEG Ratio-2.30

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for UPL Ltd

Competitors of UPL Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Epigral Ltd 7,680 Cr. 1,780 2,408/1,10721.5 4410.28 %25.2 %22.6 % 10.0
Dharmaj Crop Guard Ltd 804 Cr. 238 390/16523.1 1170.00 %12.0 %9.24 % 10.0
Bhaskar Agrochemicals Ltd 42.0 Cr. 80.6 122/46.110.8 34.10.00 %21.3 %24.7 % 10.0
Bhagiradha Chemicals & Industries Ltd 4,024 Cr. 310 448/185147 53.90.03 %7.44 %4.91 % 1.00
Best Agrolife Ltd 789 Cr. 334 732/24411.3 3200.90 %12.9 %9.95 % 10.0
Industry Average11,601.35 Cr1,591.9036.56435.980.33%15.27%19.95%7.25

All Competitor Stocks of UPL Ltd

Quarterly Result

MetricMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Sales 15,86110,82112,50713,67916,5698,96310,1709,88714,0789,06711,09010,90715,573
Expenses 12,4818,67510,09010,79513,8477,7479,0499,82012,2307,9989,8739,22912,409
Operating Profit 3,3802,1462,4172,8842,7221,2161,121671,8481,0691,2171,6783,164
OPM % 21%20%19%21%16%14%11%1%13%12%11%15%20%
Other Income 6225351293025818134664910394-168
Interest 8005196448949067008711,1911,0909131,070730914
Depreciation 642588608624727636657676794660697688705
Profit before tax 2,0001,0641,2001,4951,391-62-389-1,66630-455-4473541,377
Tax % 13%6%19%9%22%-265%-25%-4%367%16%31%-141%22%
Net Profit 1,7351,0059691,3601,080102-293-1,607-80-527-5858531,079
EPS in Rs 16.0410.399.6412.879.381.97-2.24-14.410.47-4.55-5.259.8110.61

Last Updated: May 31, 2025, 7:24 am

Below is a detailed analysis of the quarterly data for UPL Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Sales, as of Mar 2025, the value is 15,573.00 Cr.. The value appears strong and on an upward trend. It has increased from 10,907.00 Cr. (Dec 2024) to 15,573.00 Cr., marking an increase of 4,666.00 Cr..
  • For Expenses, as of Mar 2025, the value is 12,409.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,229.00 Cr. (Dec 2024) to 12,409.00 Cr., marking an increase of 3,180.00 Cr..
  • For Operating Profit, as of Mar 2025, the value is 3,164.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,678.00 Cr. (Dec 2024) to 3,164.00 Cr., marking an increase of 1,486.00 Cr..
  • For OPM %, as of Mar 2025, the value is 20.00%. The value appears strong and on an upward trend. It has increased from 15.00% (Dec 2024) to 20.00%, marking an increase of 5.00%.
  • For Other Income, as of Mar 2025, the value is -168.00 Cr.. The value appears to be declining and may need further review. It has decreased from 94.00 Cr. (Dec 2024) to -168.00 Cr., marking a decrease of 262.00 Cr..
  • For Interest, as of Mar 2025, the value is 914.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 730.00 Cr. (Dec 2024) to 914.00 Cr., marking an increase of 184.00 Cr..
  • For Depreciation, as of Mar 2025, the value is 705.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 688.00 Cr. (Dec 2024) to 705.00 Cr., marking an increase of 17.00 Cr..
  • For Profit before tax, as of Mar 2025, the value is 1,377.00 Cr.. The value appears strong and on an upward trend. It has increased from 354.00 Cr. (Dec 2024) to 1,377.00 Cr., marking an increase of 1,023.00 Cr..
  • For Tax %, as of Mar 2025, the value is 22.00%. The value appears to be increasing, which may not be favorable. It has increased from -141.00% (Dec 2024) to 22.00%, marking an increase of 163.00%.
  • For Net Profit, as of Mar 2025, the value is 1,079.00 Cr.. The value appears strong and on an upward trend. It has increased from 853.00 Cr. (Dec 2024) to 1,079.00 Cr., marking an increase of 226.00 Cr..
  • For EPS in Rs, as of Mar 2025, the value is 10.61. The value appears strong and on an upward trend. It has increased from 9.81 (Dec 2024) to 10.61, marking an increase of 0.80.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 4:53 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 10,77112,09114,04816,31217,37821,83735,75638,69446,24053,57643,09846,637
Expenses 8,7539,72811,70013,34613,96618,02428,98430,34236,71143,38038,80139,509
Operating Profit 2,0182,3632,3482,9663,4123,8136,7728,3529,52910,1964,2977,128
OPM % 19%20%17%18%20%17%19%22%21%19%10%15%
Other Income 30-11149363351-197-515629146423178
Interest 4855177047357839631,4812,0602,2952,9633,8523,627
Depreciation 4074256766726758802,0122,1732,3592,5472,7632,750
Profit before tax 1,1571,4101,1171,9222,3051,7732,7644,1814,9665,150-2,087829
Tax % 19%17%15%10%12%11%21%16%11%14%-10%1%
Net Profit 9571,1879521,7332,0301,5752,1783,4954,4374,414-1,878820
EPS in Rs 13.1315.8213.0020.1823.5717.3520.6633.4042.1842.28-14.2110.62
Dividend Payout % 18%19%23%20%20%27%26%27%21%21%-6%53%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)24.03%-19.80%82.04%17.14%-22.41%38.29%60.47%26.95%-0.52%-142.55%143.66%
Change in YoY Net Profit Growth (%)0.00%-43.83%101.84%-64.90%-39.55%60.70%22.18%-33.52%-27.47%-142.03%286.21%

UPL Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:5%
3 Years:0%
TTM:8%
Compounded Profit Growth
10 Years:-1%
5 Years:-13%
3 Years:-34%
TTM:198%
Stock Price CAGR
10 Years:6%
5 Years:9%
3 Years:-5%
1 Year:29%
Return on Equity
10 Years:11%
5 Years:9%
3 Years:5%
Last Year:4%

Last Updated: Unknown

Balance Sheet

Last Updated: May 13, 2025, 2:30 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 868686101102102153153153150150159
Reserves 5,1625,7755,8037,2149,06714,61319,12920,73424,50826,70824,65729,054
Borrowings 3,3493,2815,2586,4436,63829,13929,38824,51926,74623,93929,75425,099
Other Liabilities 4,1625,1435,7226,4547,14818,58119,75823,35929,19635,31830,57933,690
Total Liabilities 12,75914,28416,86920,21222,95562,43568,42868,76580,60386,11585,14088,002
Fixed Assets 3,8214,0313,8624,0714,43732,14935,32134,76536,19338,71339,05641,015
CWIP 2285834847921,3191,8552,0732,1172,5012,8182,965615
Investments 7377643353781,0347085586181,9221,6152,1542,328
Other Assets 7,9738,90612,18814,97116,16527,72330,47631,26539,98742,96940,96544,044
Total Assets 12,75914,28416,86920,21222,95562,43568,42868,76580,60386,11585,14088,002

Below is a detailed analysis of the balance sheet data for UPL Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2025, the value is 159.00 Cr.. The value appears strong and on an upward trend. It has increased from 150.00 Cr. (Mar 2024) to 159.00 Cr., marking an increase of 9.00 Cr..
  • For Reserves, as of Mar 2025, the value is 29,054.00 Cr.. The value appears strong and on an upward trend. It has increased from 24,657.00 Cr. (Mar 2024) to 29,054.00 Cr., marking an increase of 4,397.00 Cr..
  • For Borrowings, as of Mar 2025, the value is 25,099.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 29,754.00 Cr. (Mar 2024) to 25,099.00 Cr., marking a decrease of 4,655.00 Cr..
  • For Other Liabilities, as of Mar 2025, the value is 33,690.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 30,579.00 Cr. (Mar 2024) to 33,690.00 Cr., marking an increase of 3,111.00 Cr..
  • For Total Liabilities, as of Mar 2025, the value is 88,002.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 85,140.00 Cr. (Mar 2024) to 88,002.00 Cr., marking an increase of 2,862.00 Cr..
  • For Fixed Assets, as of Mar 2025, the value is 41,015.00 Cr.. The value appears strong and on an upward trend. It has increased from 39,056.00 Cr. (Mar 2024) to 41,015.00 Cr., marking an increase of 1,959.00 Cr..
  • For CWIP, as of Mar 2025, the value is 615.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,965.00 Cr. (Mar 2024) to 615.00 Cr., marking a decrease of 2,350.00 Cr..
  • For Investments, as of Mar 2025, the value is 2,328.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,154.00 Cr. (Mar 2024) to 2,328.00 Cr., marking an increase of 174.00 Cr..
  • For Other Assets, as of Mar 2025, the value is 44,044.00 Cr.. The value appears strong and on an upward trend. It has increased from 40,965.00 Cr. (Mar 2024) to 44,044.00 Cr., marking an increase of 3,079.00 Cr..
  • For Total Assets, as of Mar 2025, the value is 88,002.00 Cr.. The value appears strong and on an upward trend. It has increased from 85,140.00 Cr. (Mar 2024) to 88,002.00 Cr., marking an increase of 2,862.00 Cr..

Notably, the Reserves (29,054.00 Cr.) exceed the Borrowings (25,099.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +1,4411,4091,3962,5852,8392,3568,7397,2126,4967,7511,82210,151
Cash from Investing Activity +-427-463-1,734-1,022-2,059-31,282-2,666-2,426-3,575-1,354-2,010-1,840
Cash from Financing Activity +-1,680-991469140-80128,893-2,175-6,713-1,921-6,227164-4,793
Net Cash Flow-667-451311,703-21-333,898-1,9271,000170-243,518

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-1.00-1.00-3.00-4.00-3.00-26.00-23.00-16.00-17.00-13.00-25.00-18.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days107109115133127127195121115121124138
Inventory Days161166178204194204306153180216187190
Days Payable163181195213228255330199244274236234
Cash Conversion Cycle104959812493761717551647695
Working Capital Days1008578113991071687269736893
ROCE %16%19%21%19%22%21%10%10%13%14%14%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Jan 2025
Promoters29.13%29.13%30.91%32.51%32.51%32.51%32.51%32.51%32.51%32.51%33.50%33.50%
FIIs36.44%35.57%37.18%38.69%37.96%33.57%34.39%33.64%34.51%34.22%32.52%32.52%
DIIs16.47%17.19%16.19%14.39%15.24%17.27%16.82%15.33%15.73%17.64%18.89%18.89%
Public17.97%18.11%15.70%14.37%14.27%16.64%16.27%18.51%17.23%15.59%15.08%15.08%
No. of Shareholders2,45,3702,69,1682,53,0542,53,5482,80,8193,83,2994,08,0284,83,5144,38,8893,76,2893,59,3553,59,355

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Nifty 50 ETF 9,105,577 0.28 489.619,105,5772025-04-22 17:25:160%
UTI Nifty 50 ETF 2,521,527 0.28 135.582,521,5272025-04-22 17:25:160%
SBI Arbitrage Opportunities Fund 1,292,200 0.26 69.481,292,2002025-04-22 17:25:160%
Nippon India ETF Nifty 50 BeES 1,075,205 0.28 57.811,075,2052025-04-22 09:14:300%
UTI Nifty 50 Index Fund 810,001 0.28 43.55810,0012025-04-22 17:25:160%
DSP Nifty 50 Equal Weight Index Fund 341,976 1.79 18.39341,9762025-04-22 17:25:160%
SBI Nifty Index Fund 327,375 0.29 17.6327,3752025-04-22 17:25:160%
SBI Nifty50 Equal Weight Index Fund 290,494 1.73 15.62290,4942025-04-22 17:25:160%
Nippon India Arbitrage Fund 215,800 0.09 11.6215,8002025-04-22 17:25:160%
Invesco India Arbitrage Fund 163,800 0.08 9.62163,8002025-04-22 17:25:160%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -17.8045.7945.8736.4023.24
Diluted EPS (Rs.) -17.8045.7945.8736.4023.24
Cash EPS (Rs.) 15.0390.7287.0873.5454.73
Book Value[Excl.RevalReserv]/Share (Rs.) 396.27432.57344.08282.27256.31
Book Value[Incl.RevalReserv]/Share (Rs.) 396.27432.57344.08282.27256.31
Revenue From Operations / Share (Rs.) 574.64714.35604.44505.80467.39
PBDIT / Share (Rs.) 66.96142.31128.24112.5589.90
PBIT / Share (Rs.) 30.12108.3597.4084.1463.59
PBT / Share (Rs.) -24.6066.5763.1654.1036.09
Net Profit / Share (Rs.) -21.8156.7656.2545.1428.43
NP After MI And SOA / Share (Rs.) -16.0047.6047.4037.5323.22
PBDIT Margin (%) 11.6519.9221.2122.2519.23
PBIT Margin (%) 5.2415.1616.1116.6313.60
PBT Margin (%) -4.289.3110.4410.697.72
Net Profit Margin (%) -3.797.949.308.926.08
NP After MI And SOA Margin (%) -2.786.667.847.414.96
Return on Networth / Equity (%) -4.8313.2916.7216.0310.89
Return on Capital Employeed (%) 3.7213.6413.6712.679.11
Return On Assets (%) -1.374.034.384.072.53
Long Term Debt / Equity (X) 0.960.750.991.241.68
Total Debt / Equity (X) 1.150.851.191.321.76
Asset Turnover Ratio (%) 0.480.370.360.260.25
Current Ratio (X) 1.461.451.411.531.75
Quick Ratio (X) 0.980.960.941.051.28
Inventory Turnover Ratio (X) 1.831.451.411.150.90
Dividend Payout Ratio (NP) (%) -62.4121.0321.0715.9518.46
Dividend Payout Ratio (CP) (%) 47.9212.2712.769.088.65
Earning Retention Ratio (%) 162.4178.9778.9384.0581.54
Cash Earning Retention Ratio (%) 52.0887.7387.2490.9291.35
Interest Coverage Ratio (X) 1.303.604.274.184.64
Interest Coverage Ratio (Post Tax) (X) 0.642.493.022.792.89
Enterprise Value (Cr.) 61503.7576295.7583275.0571528.3050198.60
EV / Net Operating Revenue (X) 1.431.421.801.851.40
EV / EBITDA (X) 12.257.158.498.317.30
MarketCap / Net Operating Revenue (X) 0.791.001.271.270.69
Retention Ratios (%) 162.4178.9678.9284.0481.53
Price / BV (X) 1.382.002.722.741.53
Price / Net Operating Revenue (X) 0.791.001.271.270.69
EarningsYield -0.030.060.060.050.07

After reviewing the key financial ratios for UPL Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is -17.80. This value is below the healthy minimum of 5. It has decreased from 45.79 (Mar 23) to -17.80, marking a decrease of 63.59.
  • For Diluted EPS (Rs.), as of Mar 24, the value is -17.80. This value is below the healthy minimum of 5. It has decreased from 45.79 (Mar 23) to -17.80, marking a decrease of 63.59.
  • For Cash EPS (Rs.), as of Mar 24, the value is 15.03. This value is within the healthy range. It has decreased from 90.72 (Mar 23) to 15.03, marking a decrease of 75.69.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 396.27. It has decreased from 432.57 (Mar 23) to 396.27, marking a decrease of 36.30.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 396.27. It has decreased from 432.57 (Mar 23) to 396.27, marking a decrease of 36.30.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 574.64. It has decreased from 714.35 (Mar 23) to 574.64, marking a decrease of 139.71.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 66.96. This value is within the healthy range. It has decreased from 142.31 (Mar 23) to 66.96, marking a decrease of 75.35.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 30.12. This value is within the healthy range. It has decreased from 108.35 (Mar 23) to 30.12, marking a decrease of 78.23.
  • For PBT / Share (Rs.), as of Mar 24, the value is -24.60. This value is below the healthy minimum of 0. It has decreased from 66.57 (Mar 23) to -24.60, marking a decrease of 91.17.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is -21.81. This value is below the healthy minimum of 2. It has decreased from 56.76 (Mar 23) to -21.81, marking a decrease of 78.57.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is -16.00. This value is below the healthy minimum of 2. It has decreased from 47.60 (Mar 23) to -16.00, marking a decrease of 63.60.
  • For PBDIT Margin (%), as of Mar 24, the value is 11.65. This value is within the healthy range. It has decreased from 19.92 (Mar 23) to 11.65, marking a decrease of 8.27.
  • For PBIT Margin (%), as of Mar 24, the value is 5.24. This value is below the healthy minimum of 10. It has decreased from 15.16 (Mar 23) to 5.24, marking a decrease of 9.92.
  • For PBT Margin (%), as of Mar 24, the value is -4.28. This value is below the healthy minimum of 10. It has decreased from 9.31 (Mar 23) to -4.28, marking a decrease of 13.59.
  • For Net Profit Margin (%), as of Mar 24, the value is -3.79. This value is below the healthy minimum of 5. It has decreased from 7.94 (Mar 23) to -3.79, marking a decrease of 11.73.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is -2.78. This value is below the healthy minimum of 8. It has decreased from 6.66 (Mar 23) to -2.78, marking a decrease of 9.44.
  • For Return on Networth / Equity (%), as of Mar 24, the value is -4.83. This value is below the healthy minimum of 15. It has decreased from 13.29 (Mar 23) to -4.83, marking a decrease of 18.12.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 3.72. This value is below the healthy minimum of 10. It has decreased from 13.64 (Mar 23) to 3.72, marking a decrease of 9.92.
  • For Return On Assets (%), as of Mar 24, the value is -1.37. This value is below the healthy minimum of 5. It has decreased from 4.03 (Mar 23) to -1.37, marking a decrease of 5.40.
  • For Long Term Debt / Equity (X), as of Mar 24, the value is 0.96. This value is within the healthy range. It has increased from 0.75 (Mar 23) to 0.96, marking an increase of 0.21.
  • For Total Debt / Equity (X), as of Mar 24, the value is 1.15. This value exceeds the healthy maximum of 1. It has increased from 0.85 (Mar 23) to 1.15, marking an increase of 0.30.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 0.48. It has increased from 0.37 (Mar 23) to 0.48, marking an increase of 0.11.
  • For Current Ratio (X), as of Mar 24, the value is 1.46. This value is below the healthy minimum of 1.5. It has increased from 1.45 (Mar 23) to 1.46, marking an increase of 0.01.
  • For Quick Ratio (X), as of Mar 24, the value is 0.98. This value is below the healthy minimum of 1. It has increased from 0.96 (Mar 23) to 0.98, marking an increase of 0.02.
  • For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.83. This value is below the healthy minimum of 4. It has increased from 1.45 (Mar 23) to 1.83, marking an increase of 0.38.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is -62.41. This value is below the healthy minimum of 20. It has decreased from 21.03 (Mar 23) to -62.41, marking a decrease of 83.44.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 47.92. This value is within the healthy range. It has increased from 12.27 (Mar 23) to 47.92, marking an increase of 35.65.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 162.41. This value exceeds the healthy maximum of 70. It has increased from 78.97 (Mar 23) to 162.41, marking an increase of 83.44.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 52.08. This value is within the healthy range. It has decreased from 87.73 (Mar 23) to 52.08, marking a decrease of 35.65.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 1.30. This value is below the healthy minimum of 3. It has decreased from 3.60 (Mar 23) to 1.30, marking a decrease of 2.30.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 0.64. This value is below the healthy minimum of 3. It has decreased from 2.49 (Mar 23) to 0.64, marking a decrease of 1.85.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 61,503.75. It has decreased from 76,295.75 (Mar 23) to 61,503.75, marking a decrease of 14,792.00.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.43. This value is within the healthy range. It has increased from 1.42 (Mar 23) to 1.43, marking an increase of 0.01.
  • For EV / EBITDA (X), as of Mar 24, the value is 12.25. This value is within the healthy range. It has increased from 7.15 (Mar 23) to 12.25, marking an increase of 5.10.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.79. This value is below the healthy minimum of 1. It has decreased from 1.00 (Mar 23) to 0.79, marking a decrease of 0.21.
  • For Retention Ratios (%), as of Mar 24, the value is 162.41. This value exceeds the healthy maximum of 70. It has increased from 78.96 (Mar 23) to 162.41, marking an increase of 83.45.
  • For Price / BV (X), as of Mar 24, the value is 1.38. This value is within the healthy range. It has decreased from 2.00 (Mar 23) to 1.38, marking a decrease of 0.62.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.79. This value is below the healthy minimum of 1. It has decreased from 1.00 (Mar 23) to 0.79, marking a decrease of 0.21.
  • For EarningsYield, as of Mar 24, the value is -0.03. This value is below the healthy minimum of 5. It has decreased from 0.06 (Mar 23) to -0.03, marking a decrease of 0.09.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of UPL Ltd as of June 1, 2025 is: 523.63

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 1, 2025, UPL Ltd is Overvalued by 16.62% compared to the current share price 628.00

Intrinsic Value of UPL Ltd as of June 1, 2025 is: 416.39

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 1, 2025, UPL Ltd is Overvalued by 33.70% compared to the current share price 628.00

Last 5 Year EPS CAGR: -20.48%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.17%, which is a positive sign.
  2. The company has shown consistent growth in sales (29.25 cr) and profit (70.75 cr) over the years.
  1. The stock has a high average Working Capital Days of 93.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 93.50, which may not be favorable.
  3. The company has higher borrowings (17,796.08) compared to reserves (16,035.33), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in UPL Ltd:
    1. Net Profit Margin: -3.79%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 3.72% (Industry Average ROCE: 15.27%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -4.83% (Industry Average ROE: 19.95%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.64
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.98
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 47.1 (Industry average Stock P/E: 36.56)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.15
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

UPL Ltd. is a Public Limited Listed company incorporated on 02/01/1985 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24219GJ1985PLC025132 and registration number is 025132. Currently Company is involved in the business activities of Manufacture of pesticides and other agrochemical products. Company's Total Operating Revenue is Rs. 5330.00 Cr. and Equity Capital is Rs. 159.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Agro Chemicals/Pesticides3-11, G.I.D.C., Valsad District Gujarat 396195upl.investors@upl-ltd.com
http://www.upl-ltd.com
Management
NamePosition Held
Mr. Rajnikant D ShroffChairman Emeritus
Mr. Jai ShroffChairman & Group CEO
Mr. Vikram ShroffVice Chairman
Mr. Raj TiwariWhole Time Director
Mr. Carlos PellicerNon Executive Director
Mr. Hardeep SinghLead Independent Director
Dr. Vasant GandhiIndependent Director
Ms. Naina Lal KidwaiIndependent Director
Mr. Suresh KumarIndependent Director
Ms. Usha MonariIndependent Director

FAQ

What is the intrinsic value of UPL Ltd?

UPL Ltd's intrinsic value (as of 01 June 2025) is ₹523.63 — 16.62% lower the current market price of 628.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 50,975 Cr. market cap, FY2025-2026 high/low of ₹699/459, reserves of 29,054 Cr, and liabilities of 88,002 Cr.

What is the Market Cap of UPL Ltd?

The Market Cap of UPL Ltd is 50,975 Cr..

What is the current Stock Price of UPL Ltd as on 01 June 2025?

The current stock price of UPL Ltd as on 01 June 2025 is 628.

What is the High / Low of UPL Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of UPL Ltd stocks is ₹699/459.

What is the Stock P/E of UPL Ltd?

The Stock P/E of UPL Ltd is 47.1.

What is the Book Value of UPL Ltd?

The Book Value of UPL Ltd is 346.

What is the Dividend Yield of UPL Ltd?

The Dividend Yield of UPL Ltd is 0.16 %.

What is the ROCE of UPL Ltd?

The ROCE of UPL Ltd is 7.76 %.

What is the ROE of UPL Ltd?

The ROE of UPL Ltd is 4.01 %.

What is the Face Value of UPL Ltd?

The Face Value of UPL Ltd is 2.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in UPL Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE