About Upl Limited
Data last updated: 16 February 2026
Upl Limited is a public limited company based in Distt. Valsad, Gujarat, India. It specialises in crop protection, a part of the broader agriculture sector. Incorporated on 02 January 1985, the company has been in operation for over 41 years.
Registered with ROC Ahmedabad under CIN L24219GJ1985PLC025132. Listed on BSE: 512070 and NSE: UPL.
Capital: an authorised share capital of ₹477 Cr and a paid-up capital of ₹168.89 Cr. Formerly known as Vishwanath Commercials Limited and United Phosphorus Limited. It is led by directors including Bhanumathi Viswanathan Melattur and Usha Mohan Rao Monari.
Last AGM: 25 July 2025. Financial statements filed for year ended 31 March 2025. Office: 3 – 11 G.I.D.C. Vapi, Distt. Valsad, Gujarat, India – 396195.
As per the financials filed for FY 2024, the company reported a revenue of ₹43,581 Cr, a decline of 19% compared to the previous year.
The company has a workforce of approximately 4,125 employees as per the latest available data.
The company is associated with 3 brands - Stimuplant, Upl, Kudos Chemie Limited. As per MCA filings, the company has open charges of ₹3,345.17 Cr and satisfied charges of ₹1,265.41 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website upl-ltd.com.
-
Email*****@*****.com
-
Telephone+91-****-******
-
Website
-
Social Media
-
Registered Address3 – 11 G.I.D.C. Vapi, Distt. Valsad, Gujarat, India – 396195
-
IndustryAgriculture, Crop Protection
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Upl Limited
Upl Limited has undergone 3 name changes throughout its history. The company was previously known as Vishwanath Commercials Limited, United Phosphorus Limited, and Search Chem Industries Limited. The current legal name is Upl Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Upl Limited | Current |
| Vishwanath Commercials Limited | Previous |
| United Phosphorus Limited | Previous |
| Search Chem Industries Limited | Previous |
Associated Brands with Upl Limited
Upl Limited operates multiple associated brands including Stimuplant, UPL, and Kudos Chemie Limited. These brands represent Upl Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers bacteria inoculation and growth promoters for improved crop yield and plant health. | stimuplant.co.za | |
| Sustainable agriculture technologies and solutions are provided to farmers globally. | upl-ltd.com | |
| Specialty chemicals are manufactured for beverage and pharmaceutical ingredients. | kudoschemie.com |
Competitors & Alternatives of Upl Limited
Brands and companies operating in the same space as Upl Limited include Terramera, Ginkgo Bioworks, Vestaron and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Terramera
|
Plant-based biopesticides are developed for agricultural applications by Terramera. | Vancouver, Canada, Canada | 2010 |
Ginkgo Bioworks
|
Gene editing-based cultured ingredients are provided for agriculture. | Boston, United States, United States | 2008 |
Vestaron
|
Biological insecticides and pesticides are developed from spider peptides. | Kalamazoo, United States, United States | 2001 |
Pivot Bio
|
Nitrogen-fixing microbes for corn crop nutrition are developed and applied. | Berkeley, United States, United States | 2010 |
MoA Technology
|
Plant-based biologicals for weed control in agriculture are developed. | Leeds, United Kingdom, United Kingdom | 2017 |
Kula Bio
|
Manufacturer of microbial crop nutrition products | Natick, United States, United States | 2018 |
BioConsortia
|
Microbial biotech solutions for enhancing crop yields are developed. | Davis, United States, United States | 2014 |
Micropep
|
Plant-based crop protection products are developed for targeted agricultural applications. | Toulouse, France, France | 2016 |
Loam Bio
|
Microbial seed coatings are developed for farming applications. | Orange, Australia, Australia | 2019 |
NewLeaf Symbiotics
|
Crop inputs are supplied using beneficial plant bacteria for agriculture. | St. Louis, United States, United States | 2011 |
Business Activity of Upl Limited
Upl Limited is engaged in principal business activities including manufacturing and trade, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products, wholesale trading. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | ********* |
| G | Trade | G1 | Wholesale Trading | ********* |
Auditor Details of Upl Limited
Upl Limited is audited by B S R & Co. LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | blur-value | blur-value | blur-value |
Board of Directors of Upl Limited
Upl Limited is currently managed by 11 directors, with 24 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Bhanumathi Viswanathan Melattur
Also directs:
Superform Chemistries Limited, Upl Sustainable Agri Solutions Limited, Adani Ports And Special Economic Zone Limited and 3 more
|
Director | 01 Feb 2025 | 1 Years 5 Months | Current |
| Usha Mohan Rao Monari | Director | 18 Aug 2023 | 2 Years 10 Months | Current |
|
Jaidev Rajnikant Shroff
Also directs:
Superform Chemistries Limited, Uniphos Enterprises Limited, Nivi Trading Limited and 5 more
|
Director | 01 Oct 1992 | 33 Years 9 Months | Current |
|
Vikram Rajnikant Shroff
Also directs:
Superform Chemistries Limited, Advanta Enterprises Limited, Upl Sustainable Agri Solutions Limited and 5 more
|
Director | 22 Apr 2006 | 20 Years 2 Months | Current |
|
Raj Kumar Tiwari
Also directs:
Superform Chemistries Limited, Upl Global Business Services Limited, Upl Agri Science Limited and 4 more
|
Whole-Time Director | 01 Nov 2022 | 3 Years 8 Months | Current |
| Naina Lal Kidwai | Director | 01 Oct 2021 | 4 Years 9 Months | Current |
Financials of Upl Limited FY 2026 filings available
Upl Limited reported revenue of ₹51,839 Cr (up 11.15% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹51,839 Cr | ₹46,637 Cr | ₹43,098 Cr | ₹53,576 Cr | ₹46,240 Cr | ₹38,694 Cr | ₹35,756 Cr |
| Other Income | ₹663 Cr | ₹486 Cr | ₹483 Cr | ₹477 Cr | ₹281 Cr | ₹258 Cr | ₹104 Cr |
| Total Income | ₹52,502 Cr | ₹47,123 Cr | ₹43,581 Cr | ₹54,053 Cr | ₹46,521 Cr | ₹38,952 Cr | ₹35,860 Cr |
| Cost of Materials Consumed | ₹23,928 Cr | ₹24,223 Cr | ₹24,494 Cr | ₹27,281 Cr | ₹22,072 Cr | ₹19,096 Cr | ₹18,743 Cr |
| Purchases of Stock-in-Trade | ₹3,808 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹1,845 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹5,807 Cr | ₹5,309 Cr | ₹4,682 Cr | ₹5,056 Cr | ₹4,622 Cr | ₹3,712 Cr | ₹3,391 Cr |
| Finance Costs | ₹3,401 Cr | ₹3,627 Cr | ₹3,852 Cr | ₹2,963 Cr | ₹2,295 Cr | ₹2,060 Cr | ₹1,481 Cr |
| Depreciation & Amortisation | ₹3,244 Cr | ₹2,750 Cr | ₹2,763 Cr | ₹2,547 Cr | ₹2,359 Cr | ₹2,173 Cr | ₹2,012 Cr |
| Other Expenses | ₹10,869 Cr | ₹9,505 Cr | ₹9,383 Cr | ₹11,043 Cr | ₹10,017 Cr | ₹7,534 Cr | ₹6,849 Cr |
| Total Expenses | ₹49,212 Cr | ₹45,414 Cr | ₹45,174 Cr | ₹48,890 Cr | ₹41,365 Cr | ₹34,575 Cr | ₹32,476 Cr |
| Profit Before Exceptional Items & Tax | ₹3,290 Cr | ₹1,709 Cr | -₹1,593 Cr | ₹5,163 Cr | ₹5,156 Cr | ₹4,377 Cr | ₹3,384 Cr |
| Exceptional Items | ₹61 Cr | -₹408 Cr | -₹252 Cr | -₹170 Cr | -₹324 Cr | -₹238 Cr | -₹623 Cr |
| Profit Before Tax | ₹3,351 Cr | ₹1,301 Cr | -₹1,845 Cr | ₹4,993 Cr | ₹4,832 Cr | ₹4,139 Cr | ₹2,761 Cr |
| Total Tax Expense | ₹937 Cr | ₹9 Cr | -₹209 Cr | ₹736 Cr | ₹529 Cr | ₹686 Cr | ₹586 Cr |
| Net Profit | ₹2,220 Cr | ₹820 Cr | -₹1,878 Cr | ₹4,414 Cr | ₹4,437 Cr | ₹3,495 Cr | ₹2,178 Cr |
| attributable to Owners | ₹1,922 Cr | ₹897 Cr | -₹1,200 Cr | ₹3,570 Cr | ₹3,626 Cr | ₹2,871 Cr | ₹1,776 Cr |
| attributable to NCI | ₹298 Cr | -₹77 Cr | -₹678 Cr | ₹844 Cr | ₹811 Cr | ₹624 Cr | ₹402 Cr |
| Other Comprehensive Income | ₹3,573 Cr | ₹42 Cr | ₹99 Cr | ₹2,010 Cr | ₹1,369 Cr | -₹950 Cr | -₹259 Cr |
| Total Comprehensive Income | ₹5,793 Cr | ₹862 Cr | -₹1,779 Cr | ₹6,424 Cr | ₹5,806 Cr | ₹2,545 Cr | ₹1,919 Cr |
| EBITDA (computed) | ₹9,935 Cr | ₹8,086 Cr | ₹5,022 Cr | ₹10,673 Cr | ₹9,810 Cr | ₹8,610 Cr | ₹6,877 Cr |
| Basic EPS | ₹22.32 | ₹9.85 | ₹-17.80 | ₹45.79 | ₹45.87 | ₹36.40 | ₹23.24 |
| Diluted EPS | ₹22.32 | ₹9.62 | ₹-17.80 | ₹45.79 | ₹45.87 | ₹36.40 | ₹23.24 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹95,205 Cr | ₹88,002 Cr | ₹87,546 Cr | ₹88,577 Cr |
| Non-current Assets | ₹52,910 Cr | ₹48,341 Cr | ₹48,218 Cr | ₹46,549 Cr |
| Current Assets | ₹42,162 Cr | ₹39,617 Cr | ₹39,299 Cr | ₹41,988 Cr |
| Property, Plant & Equipment | ₹8,474 Cr | ₹8,107 Cr | ₹8,443 Cr | ₹8,164 Cr |
| Inventories | ₹12,676 Cr | ₹10,316 Cr | ₹12,776 Cr | ₹13,985 Cr |
| Trade Receivables | ₹17,874 Cr | ₹15,505 Cr | ₹16,354 Cr | ₹18,224 Cr |
| Cash & Equivalents | ₹5,975 Cr | ₹9,478 Cr | ₹5,943 Cr | ₹5,967 Cr |
| Equity (Net Worth) | ₹41,269 Cr | ₹37,826 Cr | ₹32,706 Cr | ₹35,429 Cr |
| Equity Share Capital | ₹169 Cr | ₹159 Cr | ₹150 Cr | ₹150 Cr |
| Borrowings (Non-current) | ₹15,535 Cr | ₹18,263 Cr | ₹24,010 Cr | ₹20,144 Cr |
| Borrowings (Current) | ₹6,511 Cr | ₹5,451 Cr | ₹4,428 Cr | ₹2,855 Cr |
| Total Debt (computed) | ₹22,046 Cr | ₹23,714 Cr | ₹28,438 Cr | ₹22,999 Cr |
| Current Liabilities | ₹34,748 Cr | ₹28,569 Cr | ₹26,861 Cr | ₹29,037 Cr |
| Total Liabilities | ₹53,936 Cr | ₹50,176 Cr | ₹54,840 Cr | ₹53,148 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹7,855 Cr | ₹10,151 Cr | ₹1,822 Cr | ₹7,751 Cr | ₹6,496 Cr |
| Investing Cash Flow | -₹2,362 Cr | -₹1,840 Cr | -₹2,478 Cr | -₹1,490 Cr | -₹3,819 Cr |
| Financing Cash Flow | -₹9,883 Cr | -₹4,793 Cr | ₹164 Cr | -₹6,227 Cr | -₹1,921 Cr |
| Capital Expenditure | ₹1,666 Cr | ₹813 Cr | ₹1,159 Cr | ₹1,672 Cr | ₹2,022 Cr |
| Free Cash Flow (computed) | ₹6,189 Cr | ₹9,338 Cr | ₹663 Cr | ₹6,079 Cr | ₹4,474 Cr |
| Dividends Paid | ₹487 Cr | ₹77 Cr | ₹749 Cr | ₹750 Cr | ₹922 Cr |
| Net Change in Cash | -₹3,503 Cr | ₹3,535 Cr | -₹24 Cr | ₹170 Cr | ₹1,000 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹18,335 Cr | ₹12,269 Cr | ₹12,019 Cr | ₹9,216 Cr | ₹15,573 Cr | ₹10,907 Cr | ₹11,090 Cr | ₹9,067 Cr | ₹14,078 Cr | ₹9,887 Cr | ₹10,170 Cr | ₹8,963 Cr |
| Other Income | ₹178 Cr | ₹92 Cr | ₹250 Cr | ₹143 Cr | ₹107 Cr | ₹170 Cr | ₹111 Cr | ₹98 Cr | ₹126 Cr | ₹151 Cr | ₹105 Cr | ₹101 Cr |
| Total Income | ₹18,513 Cr | ₹12,361 Cr | ₹12,269 Cr | ₹9,359 Cr | ₹15,680 Cr | ₹11,077 Cr | ₹11,201 Cr | ₹9,165 Cr | ₹14,204 Cr | ₹10,038 Cr | ₹10,275 Cr | ₹9,064 Cr |
| Cost of Materials Consumed | ₹6,469 Cr | ₹6,362 Cr | ₹6,136 Cr | ₹4,961 Cr | ₹8,551 Cr | ₹5,329 Cr | ₹5,823 Cr | ₹4,520 Cr | ₹9,009 Cr | ₹6,323 Cr | ₹5,232 Cr | ₹3,930 Cr |
| Purchases of Stock-in-Trade | ₹568 Cr | ₹1,117 Cr | ₹709 Cr | ₹1,414 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹3,086 Cr | -₹1,633 Cr | -₹1,092 Cr | -₹2,206 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹1,640 Cr | ₹1,379 Cr | ₹1,466 Cr | ₹1,322 Cr | ₹1,451 Cr | ₹1,184 Cr | ₹1,337 Cr | ₹1,337 Cr | ₹1,036 Cr | ₹1,155 Cr | ₹1,251 Cr | ₹1,240 Cr |
| Finance Costs | ₹836 Cr | ₹774 Cr | ₹784 Cr | ₹1,007 Cr | ₹914 Cr | ₹730 Cr | ₹1,070 Cr | ₹913 Cr | ₹1,090 Cr | ₹1,191 Cr | ₹871 Cr | ₹700 Cr |
| Depreciation & Amortisation | ₹915 Cr | ₹827 Cr | ₹771 Cr | ₹731 Cr | ₹705 Cr | ₹688 Cr | ₹697 Cr | ₹660 Cr | ₹794 Cr | ₹676 Cr | ₹657 Cr | ₹636 Cr |
| Other Expenses | ₹3,014 Cr | ₹2,727 Cr | ₹2,799 Cr | ₹2,329 Cr | ₹2,380 Cr | ₹2,438 Cr | ₹2,578 Cr | ₹2,109 Cr | ₹2,185 Cr | ₹2,316 Cr | ₹2,362 Cr | ₹2,520 Cr |
| Total Expenses | ₹16,528 Cr | ₹11,553 Cr | ₹11,573 Cr | ₹9,558 Cr | ₹14,001 Cr | ₹10,369 Cr | ₹11,505 Cr | ₹9,539 Cr | ₹14,114 Cr | ₹11,661 Cr | ₹10,373 Cr | ₹9,026 Cr |
| Profit Before Exceptional Items & Tax | ₹1,985 Cr | ₹808 Cr | ₹696 Cr | -₹199 Cr | ₹1,679 Cr | ₹708 Cr | -₹304 Cr | -₹374 Cr | ₹90 Cr | -₹1,623 Cr | -₹98 Cr | ₹38 Cr |
| Exceptional Items | -₹16 Cr | -₹56 Cr | ₹142 Cr | -₹9 Cr | -₹275 Cr | -₹76 Cr | -₹8 Cr | -₹49 Cr | -₹105 Cr | -₹17 Cr | -₹87 Cr | -₹43 Cr |
| Profit Before Tax | ₹1,969 Cr | ₹752 Cr | ₹838 Cr | -₹208 Cr | ₹1,404 Cr | ₹632 Cr | -₹312 Cr | -₹423 Cr | -₹15 Cr | -₹1,640 Cr | -₹185 Cr | -₹5 Cr |
| Total Tax Expense | ₹598 Cr | ₹181 Cr | ₹172 Cr | -₹14 Cr | ₹298 Cr | -₹499 Cr | ₹138 Cr | ₹72 Cr | ₹110 Cr | -₹59 Cr | -₹96 Cr | -₹164 Cr |
| Net Profit | ₹1,294 Cr | ₹490 Cr | ₹612 Cr | -₹176 Cr | ₹1,079 Cr | ₹853 Cr | -₹585 Cr | -₹527 Cr | -₹80 Cr | -₹1,607 Cr | -₹293 Cr | ₹102 Cr |
| attributable to Owners | ₹1,061 Cr | ₹396 Cr | ₹553 Cr | -₹88 Cr | ₹896 Cr | ₹828 Cr | -₹443 Cr | -₹384 Cr | ₹40 Cr | -₹1,217 Cr | -₹189 Cr | ₹166 Cr |
| attributable to NCI | ₹233 Cr | ₹94 Cr | ₹59 Cr | -₹88 Cr | ₹183 Cr | ₹25 Cr | -₹142 Cr | -₹143 Cr | -₹120 Cr | -₹390 Cr | -₹104 Cr | -₹64 Cr |
| Other Comprehensive Income | ₹1,711 Cr | ₹412 Cr | ₹1,016 Cr | ₹434 Cr | ₹447 Cr | -₹567 Cr | ₹600 Cr | -₹438 Cr | -₹299 Cr | ₹581 Cr | -₹112 Cr | -₹71 Cr |
| Total Comprehensive Income | ₹3,005 Cr | ₹902 Cr | ₹1,628 Cr | ₹258 Cr | ₹1,526 Cr | ₹286 Cr | ₹15 Cr | -₹965 Cr | -₹379 Cr | -₹1,026 Cr | -₹405 Cr | ₹31 Cr |
| EBITDA (computed) | ₹3,736 Cr | ₹2,409 Cr | ₹2,251 Cr | ₹1,539 Cr | ₹3,298 Cr | ₹2,126 Cr | ₹1,463 Cr | ₹1,199 Cr | ₹1,974 Cr | ₹244 Cr | ₹1,430 Cr | ₹1,374 Cr |
| Basic EPS | ₹12.57 | ₹4.69 | ₹6.75 | ₹-1.98 | ₹11.42 | ₹9.98 | ₹-5.90 | ₹-6.02 | ₹0.52 | ₹-17.11 | ₹-2.54 | ₹1.33 |
| Diluted EPS | ₹12.57 | ₹4.69 | ₹6.74 | ₹-1.98 | ₹11.15 | ₹9.70 | ₹-5.90 | ₹-6.02 | ₹0.52 | ₹-17.11 | ₹-2.54 | ₹1.33 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Crop protection | ₹15,422 Cr | ₹2,423 Cr | ₹70,194 Cr | ₹23,684 Cr |
| Seeds & Post harvest | ₹2,187 Cr | ₹620 Cr | ₹8,107 Cr | ₹2,847 Cr |
| Non agro | ₹774 Cr | ₹29 Cr | ₹2,162 Cr | ₹551 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Crop protection | ₹42,399 Cr | ₹5,738 Cr | - | - |
| Seeds & Post harvest | ₹6,830 Cr | ₹1,425 Cr | - | - |
| Non agro | ₹2,803 Cr | ₹344 Cr | - | - |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹5,398 Cr | ₹18,783 Cr | ₹16,449 Cr | ₹11,345 Cr | ₹9,641 Cr |
| Other Income | ₹804 Cr | ₹462 Cr | ₹631 Cr | ₹113 Cr | ₹506 Cr |
| Total Income | ₹6,202 Cr | ₹19,245 Cr | ₹17,080 Cr | ₹11,458 Cr | ₹10,147 Cr |
| Cost of Materials Consumed | ₹2,962 Cr | ₹10,708 Cr | ₹8,690 Cr | ₹5,639 Cr | ₹4,705 Cr |
| Purchases of Stock-in-Trade | ₹841 Cr | ₹2,047 Cr | ₹1,870 Cr | ₹872 Cr | ₹607 Cr |
| Changes in Inventories | ₹436 Cr | -₹1,116 Cr | -₹678 Cr | -₹256 Cr | ₹248 Cr |
| Employee Benefit Expense | ₹115 Cr | ₹828 Cr | ₹767 Cr | ₹685 Cr | ₹646 Cr |
| Finance Costs | ₹144 Cr | ₹499 Cr | ₹377 Cr | ₹307 Cr | ₹272 Cr |
| Depreciation & Amortisation | ₹130 Cr | ₹951 Cr | ₹1,044 Cr | ₹977 Cr | ₹891 Cr |
| Other Expenses | ₹643 Cr | ₹4,032 Cr | ₹3,743 Cr | ₹2,785 Cr | ₹2,230 Cr |
| Total Expenses | ₹5,271 Cr | ₹17,949 Cr | ₹15,813 Cr | ₹11,009 Cr | ₹9,599 Cr |
| Profit Before Exceptional Items & Tax | ₹931 Cr | ₹1,296 Cr | ₹1,267 Cr | ₹449 Cr | ₹548 Cr |
| Exceptional Items | ₹0 | -₹12 Cr | -₹6 Cr | -₹15 Cr | -₹10 Cr |
| Profit Before Tax | ₹931 Cr | ₹1,284 Cr | ₹1,261 Cr | ₹434 Cr | ₹538 Cr |
| Total Tax Expense | ₹40 Cr | ₹309 Cr | ₹85 Cr | ₹214 Cr | ₹77 Cr |
| Net Profit | ₹1,208 Cr | ₹975 Cr | ₹1,176 Cr | ₹220 Cr | ₹461 Cr |
| Other Comprehensive Income | ₹3 Cr | -₹17 Cr | ₹3 Cr | ₹0 | -₹2 Cr |
| Total Comprehensive Income | ₹1,211 Cr | ₹958 Cr | ₹1,179 Cr | ₹220 Cr | ₹459 Cr |
| EBITDA (computed) | ₹1,205 Cr | ₹2,746 Cr | ₹2,688 Cr | ₹1,733 Cr | ₹1,711 Cr |
| Basic EPS | ₹11.87 | ₹12.96 | ₹15.39 | ₹2.88 | ₹6.03 |
| Diluted EPS | ₹11.87 | ₹12.96 | ₹15.39 | ₹2.88 | ₹6.03 |
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Total Assets | ₹16,921 Cr | ₹17,944 Cr |
| Non-current Assets | ₹4,490 Cr | ₹8,628 Cr |
| Current Assets | ₹3,570 Cr | ₹9,316 Cr |
| Property, Plant & Equipment | ₹613 Cr | ₹4,124 Cr |
| Inventories | ₹346 Cr | ₹1,677 Cr |
| Trade Receivables | ₹2,249 Cr | ₹5,713 Cr |
| Cash & Equivalents | ₹146 Cr | ₹694 Cr |
| Equity (Net Worth) | ₹7,530 Cr | ₹7,068 Cr |
| Equity Share Capital | ₹150 Cr | ₹150 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 |
| Borrowings (Current) | ₹1,827 Cr | ₹566 Cr |
| Total Debt (computed) | ₹1,827 Cr | ₹566 Cr |
| Current Liabilities | ₹4,268 Cr | ₹8,750 Cr |
| Total Liabilities | ₹9,391 Cr | ₹10,876 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | -₹411 Cr | ₹1,667 Cr | ₹2,349 Cr |
| Investing Cash Flow | -₹462 Cr | -₹1,053 Cr | -₹1,481 Cr |
| Financing Cash Flow | ₹325 Cr | -₹426 Cr | -₹643 Cr |
| Capital Expenditure | ₹662 Cr | ₹1,107 Cr | ₹1,070 Cr |
| Free Cash Flow (computed) | -₹1,073 Cr | ₹560 Cr | ₹1,279 Cr |
| Dividends Paid | ₹749 Cr | ₹750 Cr | ₹763 Cr |
| Net Change in Cash | -₹548 Cr | ₹188 Cr | ₹225 Cr |
| Metrics | Q3 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,390 Cr | ₹1,660 Cr | ₹1,427 Cr | ₹1,090 Cr | ₹802 Cr | ₹1,248 Cr | ₹2,626 Cr | ₹3,859 Cr | ₹3,594 Cr | ₹3,581 Cr | ₹4,652 Cr | ₹5,543 Cr |
| Other Income | ₹74 Cr | ₹94 Cr | ₹5 Cr | ₹113 Cr | ₹2 Cr | ₹13 Cr | ₹20 Cr | ₹758 Cr | ₹30 Cr | ₹21 Cr | ₹345 Cr | ₹70 Cr |
| Total Income | ₹1,464 Cr | ₹1,754 Cr | ₹1,432 Cr | ₹1,203 Cr | ₹804 Cr | ₹1,261 Cr | ₹2,646 Cr | ₹4,617 Cr | ₹3,624 Cr | ₹3,602 Cr | ₹4,997 Cr | ₹5,613 Cr |
| Cost of Materials Consumed | ₹425 Cr | ₹479 Cr | ₹590 Cr | ₹220 Cr | ₹503 Cr | ₹387 Cr | ₹1,498 Cr | ₹2,941 Cr | ₹1,838 Cr | ₹2,401 Cr | ₹2,370 Cr | ₹3,312 Cr |
| Purchases of Stock-in-Trade | ₹623 Cr | ₹916 Cr | ₹262 Cr | ₹260 Cr | ₹145 Cr | ₹429 Cr | ₹181 Cr | ₹137 Cr | ₹166 Cr | ₹858 Cr | ₹201 Cr | ₹456 Cr |
| Changes in Inventories | ₹29 Cr | -₹78 Cr | ₹221 Cr | ₹371 Cr | -₹91 Cr | ₹157 Cr | ₹118 Cr | -₹514 Cr | ₹100 Cr | -₹672 Cr | ₹356 Cr | -₹260 Cr |
| Employee Benefit Expense | ₹55 Cr | ₹65 Cr | ₹44 Cr | ₹41 Cr | ₹43 Cr | ₹21 Cr | ₹102 Cr | ₹132 Cr | ₹162 Cr | ₹138 Cr | ₹236 Cr | ₹209 Cr |
| Finance Costs | ₹32 Cr | ₹22 Cr | ₹56 Cr | ₹80 Cr | ₹45 Cr | ₹49 Cr | ₹103 Cr | ₹95 Cr | ₹98 Cr | ₹120 Cr | ₹149 Cr | ₹131 Cr |
| Depreciation & Amortisation | ₹32 Cr | ₹33 Cr | ₹39 Cr | ₹28 Cr | ₹34 Cr | ₹28 Cr | ₹172 Cr | ₹172 Cr | ₹164 Cr | ₹165 Cr | ₹245 Cr | ₹273 Cr |
| Other Expenses | ₹193 Cr | ₹185 Cr | ₹174 Cr | ₹172 Cr | ₹141 Cr | ₹142 Cr | ₹509 Cr | ₹612 Cr | ₹788 Cr | ₹648 Cr | ₹1,025 Cr | ₹1,110 Cr |
| Total Expenses | ₹1,389 Cr | ₹1,622 Cr | ₹1,386 Cr | ₹1,172 Cr | ₹820 Cr | ₹1,213 Cr | ₹2,683 Cr | ₹3,575 Cr | ₹3,316 Cr | ₹3,658 Cr | ₹4,582 Cr | ₹5,231 Cr |
| Profit Before Exceptional Items & Tax | ₹75 Cr | ₹132 Cr | ₹46 Cr | ₹31 Cr | -₹16 Cr | ₹48 Cr | -₹37 Cr | ₹1,042 Cr | ₹308 Cr | -₹56 Cr | ₹415 Cr | ₹382 Cr |
| Exceptional Items | -₹14 Cr | ₹0 | ₹255 Cr | ₹0 | ₹0 | ₹0 | ₹22 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹61 Cr | ₹132 Cr | ₹301 Cr | ₹31 Cr | -₹16 Cr | ₹48 Cr | -₹15 Cr | ₹1,042 Cr | ₹308 Cr | -₹56 Cr | ₹415 Cr | ₹382 Cr |
| Total Tax Expense | ₹29 Cr | ₹10 Cr | -₹573 Cr | ₹3 Cr | ₹0 | -₹28 Cr | -₹61 Cr | ₹136 Cr | ₹41 Cr | ₹107 Cr | ₹92 Cr | ₹46 Cr |
| Net Profit | ₹32 Cr | ₹122 Cr | ₹992 Cr | ₹147 Cr | ₹61 Cr | -₹10 Cr | ₹46 Cr | ₹906 Cr | ₹267 Cr | -₹163 Cr | ₹323 Cr | ₹336 Cr |
| Other Comprehensive Income | -₹1 Cr | ₹1 Cr | ₹0 | -₹1 Cr | -₹3 Cr | ₹2 Cr | ₹0 | ₹0 | ₹1 Cr | -₹15 Cr | -₹9 Cr | ₹4 Cr |
| Total Comprehensive Income | ₹31 Cr | ₹123 Cr | ₹992 Cr | ₹146 Cr | ₹58 Cr | -₹8 Cr | ₹46 Cr | ₹906 Cr | ₹268 Cr | -₹178 Cr | ₹314 Cr | ₹340 Cr |
| EBITDA (computed) | ₹139 Cr | ₹187 Cr | ₹141 Cr | ₹139 Cr | ₹63 Cr | ₹125 Cr | ₹238 Cr | ₹1,309 Cr | ₹570 Cr | ₹229 Cr | ₹809 Cr | ₹786 Cr |
| Basic EPS | ₹0.37 | ₹1.53 | ₹11.50 | ₹0.37 | ₹-0.21 | ₹1.01 | ₹0.61 | ₹12.07 | ₹3.55 | ₹-2.17 | ₹4.30 | ₹4.48 |
| Diluted EPS | ₹0.37 | ₹1.49 | ₹11.16 | ₹0.37 | ₹-0.21 | ₹1.01 | ₹0.61 | ₹12.07 | ₹3.55 | ₹-2.17 | ₹4.30 | ₹4.48 |
| Segment · FY 2022 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Agro Activities | ₹14,945 Cr | ₹1,338 Cr | - | - |
| Non Agro Activities | ₹1,856 Cr | ₹245 Cr | - | - |
| Unallocated | ₹4 Cr | ₹0 | - | - |
Shareholding Pattern of Upl Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 33.51%, foreign institutional investors hold 43.10%, domestic institutional investors hold 14.63%, retail and other public shareholders hold 8.74% of Upl Limited. The company had 276,989 shareholders on record.
| Mar 2026 | Feb 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Promoters | 33.51% | 33.51% | 33.50% | 33.50% | 33.50% | 33.50% |
| Public | 66.49% | 66.49% | 66.50% | 66.50% | 66.50% | 66.50% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 33.51% | 33.50% | 32.52% | 32.52% | 28.62% | 28.12% | 27.89% | 27.89% | 27.72% | 30.27% | 29.71% |
| Public | 66.49% | 66.50% | 67.48% | 67.48% | 71.38% | 71.88% | 72.11% | 72.11% | 72.28% | 69.73% | 70.29% |
| Promoter change (YoY, %pts) | +0.01 | +0.98 | +0.00 | +3.90 | +0.50 | +0.23 | +0.00 | +0.17 | -2.55 | +0.56 | - |
Board & Governance of Upl Limited
As per the corporate governance filing with NSE for the quarter ended 31-DEC-2025, the board of Upl Limited has 10 directors - 6 independent and 1 executive. The board is chaired by Jaidev Rajnikant Shroff.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Jaidev Rajnikant Shroff | Non-Executive - Non Independent Director · Chairperson | 1992-10-01 | 3 |
| Vikram Rajnikant Shroff | Non-Executive - Non Independent Director | 2006-04-22 | 1 |
| Raj Kumar Tiwari | Executive Director | 2022-11-01 | 1 |
| Hardeep Singh | Non-Executive - Non Independent Director | 2015-02-02 | 2 |
| Vasant Prakash Gandhi | Non-Executive - Independent Director | 2015-11-23 | 0 |
| Naina Lal Kidwai | Non-Executive - Independent Director | 2021-10-01 | 3 |
| Suresh Kumar | Non-Executive - Independent Director | 2022-10-20 | 2 |
| Usha Rao Monari | Non-Executive - Independent Director | 2023-08-18 | 1 |
| Bhanumathi Viswanathan Melattur | Non-Executive - Independent Director | 2025-02-01 | 3 |
| Santosh Kumar Mohanty | Non-Executive - Independent Director | 2025-03-06 | 4 |
| Committee | Members |
|---|---|
| Audit Committee | Bhanumathi Viswanathan Melattur (Chairperson), Vasant Prakash Gandhi, Suresh Kumar, Usha Rao Monari, Hardeep Singh |
| Nomination and remuneration committee | Suresh Kumar (Chairperson), Vasant Prakash Gandhi, Usha Rao Monari, Hardeep Singh |
| Stakeholders Relationship Committee | Naina Lal Kidwai (Chairperson), Vikram Rajnikant Shroff, Raj Kumar Tiwari |
| Risk Management Committee | Santosh Kumar Mohanty (Chairperson), Vasant Prakash Gandhi (Chairperson), Hardeep Singh, Raj Kumar Tiwari, Bikash Prasad |
| Corporate Social Responsibility Committee | Vikram Rajnikant Shroff (Chairperson), Suresh Kumar, Raj Kumar Tiwari |
Charges & Borrowings of Upl Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Aug 2012 | Idbi Trusteeship Services Limited | ₹300 Cr | Open |
| 07 Sep 2011 | Idbi Trusteeship Services Limited | ₹250 Cr | Open |
| 24 Dec 2010 | Idbi Trusteeship Services Limited | ₹300 Cr | Open |
| 21 Jun 2010 | Idbi Trusteeship Services Limited | ₹300 Cr | Open |
| 09 Apr 2010 | Idbi Trusteeship Services Limited | ₹250 Cr | Open |
Total charge records: 24 View all charges
Employees and EPFO Compliance at Upl Limited
Upl Limited has a workforce of 4,125 employees as of Sep 10, 2024.
Employee Count & EPFO Data of Upl Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Upl Limited
GSTIN & GST Filing Data of Upl Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for Upl Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Upl Limited
Access complete credit rating history, litigation records, regulatory alerts, and compliance data.
MSME Payment Delays by Upl Limited
MSME Payment Delays by Upl Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Upl Limited
Subsidiaries & Group Companies of Upl Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Upl Limited with ownership details.
MCA Filings & Documents of Upl Limited
MCA Filings & Documents of Upl Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Upl Limited
Recent News on Upl Limited
Frequently Asked Questions about Upl Limited
Upl Limited is an active public limited company in the agriculture sector based in Distt. Valsad, Gujarat, India. It was incorporated on 02 January 1985 (41+ years old) and is registered under CIN L24219GJ1985PLC025132. Listed on BSE: 512070 and NSE: UPL. The company has 4,125 employees.
Upl Limited reported revenue of ₹43,581 Cr for FY 2024 (down 19.00% YoY).
The current directors of Upl Limited are:
- Bhanumathi Viswanathan Melattur
- Usha Mohan Rao Monari
- Jaidev Rajnikant Shroff
- Vikram Rajnikant Shroff
- Raj Kumar Tiwari
- Naina Lal Kidwai
- Santosh Kumar Mohanty
- Sandeep Mohan Deshmukh
- Hardeep Singh
- Suresh Kumar
- Bikash Prasad
The primary industry of Upl Limited is agriculture. The company specifically operates in crop protection. The company is currently active in this sector.
Yes. Upl Limited is listed on both BSE (code: 512070) and NSE (symbol: UPL).
Upl Limited can be reached at the registered office: 3 – 11 G.I.D.C. Vapi, Distt. Valsad, Gujarat, India – 396195, or through the website upl-ltd.com.