U

UPL Limited

UPLNSE
Market snapshot · 2026-08-11 13:02 UTC

568.00

+₹1.00 (+0.18%)

MARKET CAP

₹48.01K Cr

STOCK P/E

23.3x

52W HIGH

₹812.20

52W LOW

₹563.15

BOOK VALUE

₹411.01

EPS

₹24.38

ROE

SECTOR

Materials

DEBT/EQUITY

57.13

VOLUME

9.81L

P/B RATIO

1.38x

PEG RATIO

Sector

Materials

Themes

Fertilizers & Agro ChemicalsAgro ChemicalVanguard Fund Portfolio
D
Dividend
E
Earnings
₹796.94₹739.71₹682.47₹625.24₹568.00VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for UPL.

17.00 analysts

Price Forecast

Current
₹568.00
High Target
₹880.00
▲ +54.9%
Median Target
₹713.00
▲ +25.5%
Low Target
₹600.00
▲ +5.6%
Now₹568.00High ₹880.00Median ₹713.00Low ₹600.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
17 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹466.27 - ₹706.2280%
6M₹432.26 - ₹777.5580%
12M₹390.68 - ₹896.2380%
Realized vol: +32.4% · Drift: +9.3%

Revenue Forecast

₹ Cr
Dec '25Current₹1,390.0
Sep 2026 ETrend estimate range
High₹2,411.9Base₹2,233.3Low₹2,054.6
Mar '25: ₹2,011.0 · Jun '25: ₹1,660.0 · Sep '25: ₹1,512.0 · Dec '25: ₹1,390.0 · Sep '26: ₹2,233.3 · Dec '26: ₹2,053.1
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E2,011.01,660.01,512.01,390.02,233.32,053.1
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹0.37
Sep 2026 ETrend estimate range
High₹4.49Base₹4.01Low₹3.53
Mar '25: ₹22.16 · Jun '25: ₹1.50 · Sep '25: ₹3.32 · Dec '25: ₹0.37 · Sep '26: ₹4.01 · Dec '26: ₹0.45
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E22.161.503.320.374.010.45
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
67%
Analyst Consensus
Weakening

From 17 analysts

Mean upside+28.7%

Fundamentals

Moderate

Fundamentals institutional score is 49 using growth durability 48.7.

Valuation

Attractive relative to peers

Valuation institutional score is 96 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 71 using mean target upside 28.7%; dispersion penalty 15.3; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 59 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 8 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. valuation and analyst consensus provide support, while fundamentals remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price731.2 target
Mean Upside+28.7%
Technical Score59%
Fundamental Score49%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 5.3% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -0.43). Confidence: 87%.

Live forward EPS implies next-12-month EPS of ₹47.12. Applying the stock's normalized valuation corridor produces a fair range of ₹1,050.78 to ₹1,239.26, with base value near ₹1,158.68 (+104.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹47.12

Forward P/E

12.1x

Base Fair Value

₹1,158.68

Fair Range

₹1,050.78 - ₹1,239.26

Upside To Base

+104.0%

Estimate Source

Live forward EPS

P/E
Strongly Undervalued

5Y Average

26.04

Current

23.30

Overvalued

26.30

Undervalued

22.30

EV/EBITDA
Strongly Undervalued

5Y Average

9.99

Current

8.94

Overvalued

11.09

Undervalued

9.03

P/B
Strongly Undervalued

5Y Average

1.68

Current

1.38

Overvalued

1.94

Undervalued

1.43

Peers & Comparison

Sector: Materials · Theme: Fertilizers & Agro Chemicals

Fertilizers & Agro Chemicals Peers5 peers
Avg P/E: 20.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
CHAMBAL FERTILIZERS LTD
CHAMBLFERTFertilizers & Agro Chemicals
-11.8%9.6%
9.3x
Undervalued
-55% vs avg
-15.9%
COROMANDEL INTERNTL. LTD
COROMANDELFertilizers & Agro Chemicals
+15.9%5.6%
33.0x
Premium
+61% vs avg
-12.5%
BAYER CROPSCIENCE LTD
BAYERCROPFertilizers & Agro Chemicals
-4.2%13.1%
25.2x
Premium
+23% vs avg
-26.0%
PARADEEP PHOSPHATES LTD
PARADEEPFertilizers & Agro Chemicals
+63.1%4.6%
14.6x
Undervalued
-29% vs avg
-28.9%
FACT LTD
FACTFertilizers & Agro Chemicals
+40.9%7.7%
-11.9%
WHY THESE PEERS

UPL LIMITED trades at a premium (23.6x vs peer avg 20.5x), implying higher growth or quality expectations from the Fertilizers & Agro Chemicals cohort. Peers include CHAMBAL FERTILIZERS LTD, COROMANDEL INTERNTL. LTD, BAYER CROPSCIENCE LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.39K CrDec 2025

Latest net profit

₹67 CrDec 2025

Latest EPS

₹0.37Dec 2025

Net margin

1.7%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26-6.0%-3.0%0.0%3.0%6.0%-700 Cr0.00 Cr700 Cr1.40K Cr2.10K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr550 Cr1.10K Cr1.65K Cr2.20K Cr₹0₹6₹12₹18₹24
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr350 Cr700 Cr1.05K Cr1.40K Cr

Latest reported period: Dec 2025

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales1,5281,3551,7771,0181,2488021,0901,4272,0111,6601,5121,390
Expenses1,5841,2281,5421,0391,1467361,0601,3292,0621,5911,4311,334
Operating Profit-8894188-457432259-85364924
OPM %-5.76%6.94%10.58%-4.42%5.93%3.99%0.18%4.13%-4.23%2.17%3.24%1.73%
Other Income135477420164130431011834983
Interest474047485746876081224332
Depreciation323347242834283934333232
Profit before tax058915-7333-104542-15613235575
Tax %10.34%13.33%0%9.09%0%6.67%-2.38%17.31%7.58%23.38%10.67%
Net Profit-1552793-7330-104243-12912227267
EPS in Rs-2.183.5512.070.610.990.821.8812.6722.161.503.320.37

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters33.50%33.50%33.50%33.50%33.51%
FII34.22%34.90%37.01%38.84%41.78%
DII18.36%18.09%17.17%16.72%14.65%
Government0.01%0.02%
Public7.95%7.62%6.84%6.57%6.58%
Others5.97%5.89%5.48%4.36%3.46%
Mar 2026
Promoters
FII
DII
Government
Public
Others

Events Timeline

Concall Transcript - FY2027

Jul 27, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 15, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 12, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 04, 2026PDFKnowledge Base Open

Credit rating by CRISIL

Mar 04, 2026PDFKnowledge Base Open