UPL Limited (NSE:UPL)

UPL Limited Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	41,520	94,780	59,430	59,670	57,970	47,970
Short-Term Investments	6,080	220	430	840	2,780	20
Trading Asset Securities	-	3,200	2,610	460	8,400	370
Cash & Short-Term Investments	47,600	98,200	62,470	60,970	69,150	48,360
Cash Growth	-	57.19%	2.46%	-11.83%	42.99%	-28.11%
Accounts Receivable	164,090	159,940	166,800	182,820	153,280	121,450
Other Receivables	3,870	23,320	26,590	25,210	28,000	21,740
Receivables	168,010	183,510	193,590	208,280	181,440	143,310
Inventory	161,930	103,160	127,760	139,850	130,780	94,220
Prepaid Expenses	-	2,370	2,440	-	-	-
Other Current Assets	35,440	9,370	7,020	11,180	15,910	14,810
Total Current Assets	412,980	396,610	393,280	420,280	397,280	300,700
Property, Plant & Equipment	105,300	100,460	108,140	102,670	92,620	80,460
Long-Term Investments	19,960	20,080	18,930	15,690	10,820	5,810
Goodwill	214,940	206,750	201,840	198,980	183,640	176,890
Other Intangible Assets	110,170	109,090	110,230	113,660	110,680	39,860
Long-Term Accounts Receivable	3,100	70	100	620	60	4,350
Long-Term Deferred Tax Assets	38,450	33,220	35,950	26,610	20,760	16,660
Long-Term Deferred Charges	-	-	-	-	-	71,610
Other Long-Term Assets	9,010	13,530	6,760	6,690	10,260	7,120
Total Assets	913,910	880,020	875,460	885,770	826,790	704,310
Accounts Payable	128,970	108,670	126,310	176,140	165,520	127,590
Accrued Expenses	44,340	59,130	45,170	22,550	21,960	18,370
Short-Term Debt	51,530	11,940	44,280	12,190	41,170	15,200
Current Portion of Long-Term Debt	62,000	42,570	-	16,360	1,440	1,080
Current Portion of Leases	4,320	3,920	3,580	2,650	2,170	1,580
Current Income Taxes Payable	6,580	5,000	5,300	6,550	4,500	5,230
Current Unearned Revenue	-	36,330	29,160	40,920	27,200	16,460
Other Current Liabilities	33,160	18,130	14,810	13,010	15,800	10,760
Total Current Liabilities	330,900	285,690	268,610	290,370	279,760	196,270
Long-Term Debt	172,090	182,630	240,100	201,440	216,050	221,410
Long-Term Leases	10,280	9,930	9,580	6,750	6,260	5,850
Pension & Post-Retirement Benefits	-	3,260	3,270	1,950	1,830	-
Long-Term Deferred Tax Liabilities	19,570	19,900	24,060	24,620	25,120	26,620
Other Long-Term Liabilities	3,970	350	2,780	6,350	4,690	8,360
Total Liabilities	536,810	501,760	548,400	531,480	533,710	458,510
Common Stock	1,690	1,590	1,500	1,500	1,530	1,530
Additional Paid-In Capital	-	48,660	32,420	32,420	45,940	45,940
Retained Earnings	-	227,160	200,370	221,890	172,430	145,160
Comprehensive Income & Other	317,250	44,580	43,640	12,770	26,710	16,240
Total Common Equity	318,940	321,990	277,930	268,580	246,610	208,870
Minority Interest	58,160	56,270	49,130	85,710	46,470	36,930
Shareholders' Equity	377,100	378,260	327,060	354,290	293,080	245,800
Total Liabilities & Equity	913,910	880,020	875,460	885,770	826,790	704,310
Total Debt	300,220	250,990	297,540	239,390	267,090	245,120
Net Cash (Debt)	-252,620	-152,790	-235,070	-178,420	-197,940	-196,760
Net Cash Per Share	-278.16	-193.57	-307.08	-237.70	-259.07	-257.52
Filing Date Shares Outstanding	819.26	844.43	750.61	750.61	764.05	764.05
Total Common Shares Outstanding	819.26	844.43	750.61	750.61	764.05	764.05
Working Capital	82,080	110,920	124,670	129,910	117,520	104,430
Book Value Per Share	389.30	345.95	330.49	357.82	283.69	234.29
Tangible Book Value	-6,170	6,150	-34,140	-44,060	-47,710	-7,880
Tangible Book Value Per Share	-7.53	-28.08	-85.26	-58.70	-101.53	-49.39
Land	-	11,250	10,250	10,510	9,680	6,500
Buildings	-	31,480	28,680	25,320	20,990	21,910
Machinery	-	127,060	124,650	116,670	103,140	93,650
Construction In Progress	-	6,150	11,060	11,970	11,840	8,990

Source: S&P Global Market Intelligence. Standard template. Financial Sources.