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UPL Ltd share Price

Company details

6M Return -14.19%
1Y Return -7.58%
Mkt Cap.(Cr) 45,561.91
Volume 2,407,302
Div Yield 1.62%
OI Chg %
Volume 2,407,302

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Agrochemicals company UPL announced Q1FY24 results:

  • Revenue of Rs 8,963 crore in Q1FY24 compared to Rs 10,821 in Q1FY23, down 17% YoY
  • EBITDA of Rs 1,593 crore in Q1FY24 compared to Rs 2,342 crore in Q1FY23, down 32% YoY
  • EBITDA Margin (%) of 17.8% in Q1FY24 compared to Rs 21.6% in Q1FY23, down 387 bps YoY
  • Net Profit of Rs 166 crore in Q1FY24 compared to Rs 877 crore in Q1FY23, down 81% YoY
  • Revenue and EBITDA for Q1 were impacted by the industry-wide slowdown.
  • Differentiated and Sustainable portfolio delivered resilient performance growing by 7% YoY - revenue share rose significantly to 37% (from 27% in Q1FY23) supporting contribution margins.
  • Seeds business delivered robust performance as revenue grew by 26% YoY and EBITDA increased by 54% YoY.
  • Net Debt stood lower by USD 160 million vs USD 3,193 million as of 30 June 2023 despite lower factoring (USD 890 million on 30 June 2023 vs 1,140 million on 30 June 2022). Adjusted for the lower factoring quantum, net debt would have stood at USD 2,943 million (lower by USD 410 million YoY).

Commenting on the performance, Mike Frank, CEO – UPL Corporation, said, “The global agrochemical industry has been going through a challenging phase over the last two quarters as distributors prioritized destocking and focused on tactical purchases amid high channel inventories. Additionally, the market is witnessing pricing pressure given the high base of the previous year and the aggressive price competition we have seen from the Chinese post-patent exporters.

Given this backdrop, our revenue and profitability were also impacted by these headwinds in line with the rest of the industry. Having said that our differentiated and sustainable portfolio performed resiliently ( 7% YoY); with revenue share increasing significantly to 37% versus 27% last year. Favorable portfolio and regional mix coupled with better margins at Advanta helped improve contribution margins by ~198 bps YoY in Q1.

One of our key focus areas has been to improve cash flows and strengthen our balance sheet. In line with this, we have reduced our net debt by ~USD 160 million versus June 2022 despite much lower factoring (down by ~USD 250 million YoY).

Further, we are undertaking a cost reduction initiative of USD 100 million over the next 24 months; 50% of which we expect to be realized in FY24. Going forward, while we anticipate demand to remain subdued in Q2FY24 as well, our performance should be sequentially better. We are optimistic about demand recovery in H2FY24 as the channel inventory approaches a new normalized level. Overall, led by improved demand and cost optimization efforts, we expect our Revenue and EBITDA growth to turn positive in H2FY24, with full-year Revenue growth to now be in the range of 1-5% with EBITDA growth at 3-7%.”


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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax



Equity Capital: 29,844.00 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59
UPL announces incorporation of step-down subsidiary in Sri Lanka

Oct 03, 2023 l BSE Announcement

UPL Limited - Trading Window

Sep 29, 2023 l NSE Announcement

UPL Limited - Loss of Share Certificates

Sep 28, 2023 l NSE Announcement

Date Action Type Ratio
Aug 03, 2023 Dividend 500
Jul 27, 2022 Dividend 500
Jul 14, 2021 Dividend 500

UPL Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • UPL Limited is engaged in the business of manufacturing and marketing chemicals for agriculture and industries. Its market capitalization is worth INR46,725.20 Cr. as of 16th April 2021. Founded in 1969 and the company has reported quarterly revenue of INR 2,921.00 Cr. at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 512070 and on the National Stock Exchange (NSE) with the symbol UPL. Headquartered in Mumbai, the company also offers farmer advisory, training and spraying services and claims to make single food sustainable and address the common agricultural problems. United Phosphorus Limited is a global player of crop protection products having a customer base in over 130 countries. The company incorporated in 1969 is the largest producer of agrochemicals in India. It accommodates brands like Saaf, Doom, Samar, Phoskil, UMet, Sweep, Oorja, Saathil and many more. The company holds a majority stake in BEIL (Bharuch Enviro Infrastructure), engaged in solid/ hazardous waste management. The company's diversification is also seen in one of the largest toxic gas detection device manufacturers, CEL (Chemo Electronic Laboratory) and ETL (Enviro Technology), a common effluent treatment plant. The product portfolio of the company broadened even more after 2005-2006. They made their first-ever acquisition in Indian Market, SWAL Corporation Limited, which deals in agrochemicals and fertilizer mixtures. They also acquired Advanta, a seed and seed technology supplier in the Netherlands. The quarterly highlights of the company showed consistent growth of 6-8% in revenue and 10-12% growth in EBITDA. The company aims at leveraging its cost leadership and manufacturing capabilities to make its products more widely available to farmers globally. The company aspires to the long-term growth of 7-10% per annum. During the year, UBL, through its subsidiary, acquired Arysta LifeScience, a global provider of crop protection solutions. For this, the company drew a debt of USD 3 billion from a syndicate of banks. UBL looks ideally positioned for advantages lined up with the increase in the crop protection solutions industry over the term and the vast marketing network brought by the acquisition. As per the announcement in February 2021, UPL Limited was the only company of its sector (crop protection solutions) to be included in S&P Global Sustainability Yearbook, 2021, due to its strong performance.

Registered Address

3-11 GIDC, Dist Valsad, VAPI, Gujarat, 396195

Tel : 91-260-2400717
Email : upl.investors:uniphos.com
Website : http://www.uplonline.com

Sharepro Services India P Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 512070
NSE Code : UPL
Book Closure Date (Month) :
BSE Group : A
ISIN : INE628A01036

FAQ’s on UPL Ltd Shares

You can buy UPL Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy UPL Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:59 PM the closing price of UPL Ltd was ₹ 607.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:59 PM, the market cap of UPL Ltd stood at ₹ 45,561.91.

The latest PE ratio of UPL Ltd as of Oct 03, 2023 03:59 PM is 16.3

The latest PB ratio of UPL Ltd as of Oct 03, 2023 03:59 PM is 0.66

The 52-week high of UPL Ltd is ₹ 807.00 while the 52-week low is ₹ 576.95

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