UPL Limited

LSE:UPLL Stock Report

Market Cap: US$5.4b

UPL Past Earnings Performance

Past criteria checks 4/6

UPL's earnings have been declining at an average annual rate of -30.1%, while the Chemicals industry saw earnings growing at 3.3% annually. Revenues have been growing at an average rate of 2.2% per year. UPL's return on equity is 5.4%, and it has net margins of 3.7%.

Key information

-30.10%

Earnings growth rate

-30.46%

EPS growth rate

Chemicals Industry Growth4.35%
Revenue growth rate2.25%
Return on equity5.38%
Net Margin3.71%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How UPL makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:UPLL Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26518,39019,22065,5700
31 Dec 25490,77016,21067,0600
30 Sep 25477,15020,53064,2700
30 Jun 25467,86010,57063,3600
31 Mar 25466,3707,61062,4600
31 Dec 24451,420-95058,9100
30 Sep 24441,220-21,40058,9500
30 Jun 24432,020-18,86056,9500
31 Mar 24430,980-13,36055,7400
31 Dec 23455,890-5,83061,9400
30 Sep 23493,81017,21063,5400
30 Jun 23517,18027,24063,4800
31 Mar 23535,76034,35063,2200
31 Dec 22528,68040,36060,1200
30 Sep 22504,86038,85058,2400
30 Jun 22485,46037,05056,7800
31 Mar 22462,40035,05053,9400
31 Dec 21431,75032,20047,5200
30 Sep 21410,04030,78046,1100
30 Jun 21393,76029,07044,2900
31 Mar 21386,94027,81043,5700
31 Dec 20370,39024,25044,6500
30 Sep 20368,05023,39041,9300
30 Jun 20356,83020,42034,0000
31 Mar 20357,56017,76040,9100
31 Dec 19331,40013,65036,4400
30 Sep 19291,6909,34034,1700
30 Jun 19256,09011,15025,0200
31 Mar 19218,37014,91026,0500
31 Dec 18190,03019,77022,3900
30 Sep 18182,76020,90021,6000
30 Jun 18177,89020,59021,3900
31 Mar 18173,78020,22020,9700
31 Dec 17170,29020,27021,4700
30 Sep 17167,54019,12021,4500
30 Jun 17165,25018,40020,9800
31 Mar 17163,12017,27020,6100
31 Dec 16146,18015,47317,1970
30 Sep 16140,16313,69216,4770
30 Jun 16135,36613,84015,8840
31 Mar 16140,4809,40018,1700
31 Dec 15125,86111,91323,97737
30 Sep 15125,37011,53823,59537

Quality Earnings: UPLL has high quality earnings.

Growing Profit Margin: UPLL's current net profit margins (3.7%) are higher than last year (1.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: UPLL's earnings have declined by 30.1% per year over the past 5 years.

Accelerating Growth: UPLL's earnings growth over the past year (152.6%) exceeds its 5-year average (-30.1% per year).

Earnings vs Industry: UPLL earnings growth over the past year (152.6%) exceeded the Chemicals industry 0.1%.

Return on Equity

High ROE: UPLL's Return on Equity (5.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 09:08
End of Day Share Price 2026/07/06 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

UPL Limited is covered by 41 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Himanshu BinaniAnand Rathi Shares and Stock Brokers Limited
null nullAnand Rathi Shares and Stock Brokers Limited