UPL Limited (BOM:512070)

UPL Limited Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Total Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Market Capitalization	510,216	479,385	537,229	342,164	538,523	588,003
Market Cap Growth	-16.32%	-10.77%	57.01%	-36.46%	-8.42%	19.84%
Enterprise Value	745,366	790,165	902,969	712,064	883,703	877,923
Last Close Price	604.40	562.26	624.39	428.35	663.28	701.78

Price Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	27.08	25.89	70.78	-	15.68	16.78
Forward PE	15.83	14.34	20.48	20.75	9.96	12.87
PS Ratio	0.98	0.93	1.15	0.79	1.00	1.27
PB Ratio	1.24	1.16	1.42	1.05	1.52	2.01
P/TBV Ratio	165.12	155.14	87.35	-	-	-
P/FCF Ratio	8.24	7.75	5.75	51.61	8.86	13.14
P/OCF Ratio	6.50	6.10	5.29	18.78	6.95	9.05
PEG Ratio	0.38	0.31	2.02	4.63	0.53	0.65

EV Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
EV/Sales Ratio	1.44	1.52	1.94	1.65	1.65	1.90
EV/EBITDA Ratio	9.08	10.09	13.66	17.19	8.92	9.75
EV/EBIT Ratio	12.10	12.44	16.78	25.83	10.24	11.23
EV/FCF Ratio	12.04	12.77	9.67	107.40	14.54	19.62

Financial Efficiency

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Debt / Equity Ratio	0.57	0.57	0.66	0.91	0.68	0.91
Debt / EBITDA Ratio	2.80	2.80	3.55	6.57	2.34	2.89
Debt / FCF Ratio	3.81	3.81	2.69	44.88	3.94	5.97
Net Debt / Equity Ratio	0.41	0.41	0.40	0.72	0.50	0.68
Net Debt / EBITDA Ratio	2.16	2.16	2.31	5.68	1.80	2.20
Net Debt / FCF Ratio	2.74	2.74	1.64	35.46	2.94	4.42
Asset Turnover	0.57	0.57	0.53	0.49	0.63	0.60
Inventory Turnover	2.29	2.29	2.13	1.86	2.05	1.99
Quick Ratio	0.80	0.80	0.99	0.95	0.93	0.90
Current Ratio	1.22	1.22	1.39	1.46	1.45	1.42
Return on Equity (ROE)	5.61%	5.61%	2.33%	-5.51%	13.64%	16.47%
Return on Assets (ROA)	4.33%	4.33%	3.83%	1.96%	6.30%	6.38%
Return on Invested Capital (ROIC)	7.37%	8.03%	9.74%	5.04%	14.45%	14.96%
Return on Capital Employed (ROCE)	10.50%	10.50%	9.10%	4.50%	14.50%	14.30%

Yields

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Earnings Yield	3.63%	4.01%	1.67%	-3.51%	6.63%	6.17%
FCF Yield	12.13%	12.91%	17.38%	1.94%	11.29%	7.61%
Dividend Yield	1.00%	1.07%	0.96%	0.23%	1.51%	1.43%
Payout Ratio	26.89%	24.87%	8.58%	-	21.01%	21.07%
Buyback Yield / Dilution	-5.14%	-5.14%	-3.11%	-1.99%	1.76%	-
Total Shareholder Return	-4.14%	-4.07%	-2.15%	-1.75%	3.27%	1.43%

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error