UPL Balance Sheet Health
Financial Health criteria checks 4/6
UPL has a total shareholder equity of ₹378.3B and total debt of ₹251.0B, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are ₹880.0B and ₹501.8B respectively. UPL's EBIT is ₹54.7B making its interest coverage ratio 1.9. It has cash and short-term investments of ₹98.2B.
Key information
66.35%
Debt to equity ratio
₹250.99b
Debt
| Interest coverage ratio | 1.9x |
| Cash | ₹98.20b |
| Equity | ₹378.26b |
| Total liabilities | ₹501.76b |
| Total assets | ₹880.02b |
Recent financial health updates
Recent updates
Return Trends At UPL (NSE:UPL) Aren't Appealing
Aug 21
UPL Limited (NSE:UPL) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
Aug 05Is UPL (NSE:UPL) Using Too Much Debt?
Jun 26We Think UPL's (NSE:UPL) Profit Is Only A Baseline For What They Can Achieve
May 20UPL Limited Just Missed EPS By 29%: Here's What Analysts Think Will Happen Next
May 15Slowing Rates Of Return At UPL (NSE:UPL) Leave Little Room For Excitement
May 14UPL Limited's (NSE:UPL) Share Price Could Signal Some Risk
Apr 24When Should You Buy UPL Limited (NSE:UPL)?
Mar 01Calculating The Intrinsic Value Of UPL Limited (NSE:UPL)
Feb 01Is UPL Limited (NSE:UPL) Potentially Undervalued?
Nov 04UPL (NSE:UPL) Is Reinvesting At Lower Rates Of Return
Oct 14Financial Position Analysis
Short Term Liabilities: UPL's short term assets (₹396.6B) exceed its short term liabilities (₹285.7B).
Long Term Liabilities: UPL's short term assets (₹396.6B) exceed its long term liabilities (₹216.1B).
Debt to Equity History and Analysis
Debt Level: UPL's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: UPL's debt to equity ratio has reduced from 129.9% to 66.4% over the past 5 years.
Debt Coverage: UPL's debt is well covered by operating cash flow (40.1%).
Interest Coverage: UPL's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/16 17:56 |
| End of Day Share Price | 2025/09/16 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2025/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 47 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Himanshu Binani | Anand Rathi Shares and Stock Brokers Limited |
| null null | Anand Rathi Shares and Stock Brokers Limited |
| Sageraj Bariya | Angel Broking Private Limited |