UPL Limited Stock Forecast

Stock Price Forecast

According to 18 analysts polled by S&P Global, UPL Limited stock has a consensus rating of "Buy" and an average price target of ₹767.00. The average 1-year stock price forecast is 22.84% higher than the current stock price, while the lowest is ₹600.00 (-3.91%) and the highest is ₹890.00 (+42.54%).

Price Target: ₹767.00 (+22.84%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹600.00	₹767.00	₹766.00	₹890.00
Change	-3.91%	+22.84%	+22.68%	+42.54%

* Price targets were last updated on Feb 22, 2026.

Analyst Ratings

The average analyst rating for UPL Limited stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	12	12	10	10	9	10
Buy	3	3	3	3	3	3
Hold	2	2	3	3	3	3
Sell	1	1	1	2	2	2
Strong Sell	1	1	1	0	0	0
Total	19	19	18	18	17	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Anand Rathi No rating	Anand Rathi	Buy Maintains ₹860.00	Buy	Maintains	₹860.00	+37.73%	Feb 22, 2026

Financial Forecast

Revenue This Year

563.22B

from 518.39B

8.65%

from 518.39B

Revenue Next Year

607.20B

from 563.22B

7.81%

from 563.22B

EPS This Year

38.84

from 21.82

77.98%

from 21.82

EPS Next Year

48.28

from 38.84

24.30%

from 38.84

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	462.40B	535.76B	430.98B	466.37B	518.39B	563.22B
Revenue Growth	19.50%	15.87%	-19.56%	8.21%	11.15%	8.65%
Gross Profit	238.36B	259.05B	182.43B	220.67B	259.48B	281.95B
Gross Margin	51.55%	48.35%	42.33%	47.32%	50.05%	50.06%
Operating Income	78.17B	86.27B	27.57B	53.80B	63.44B	74.55B
Net Income	36.26B	35.70B	-12.00B	8.97B	19.22B	33.11B
EPS	-	-	-	-	21.82	38.84
EPS Growth	-	-	-	-	127.10%	77.98%
Forward PE	-	-	-	-	-	16.08
Dividend / Share	10.00	10.00	1.00	6.00	6.00	8.80
Dividend Growth	-	-	-90.00%	500.00%	-	46.65%
Free Cash Flow	15.45B	31.48B	-6.05B	63.28B	22.20B	50.45B
No. Analysts	-	-	-	-	-	16

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	593.5B
Avg	563.2B
Low	532.3B

Revenue Growth

Revenue Growth	2027	2028	2029
High	14.5%
Avg	8.6%
Low	2.7%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	38.84
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	78.0%
Low	-