UPL Limited

NSEI:UPL Stock Report

Market Cap: ₹581.7b

UPL Management

Management criteria checks 2/4

UPL's CEO is Jai Rajnikant Shroff, appointed in Feb 2007, has a tenure of 18.58 years. total yearly compensation is ₹683.46M, comprised of 50% salary and 50% bonuses, including company stock and options. directly owns 1.06% of the company’s shares, worth ₹6.17B. The average tenure of the management team and the board of directors is 4.7 years and 2.9 years respectively.

Key information

Jai Rajnikant Shroff

Chief executive officer

₹683.5m

Total compensation

CEO salary percentage50.00%
CEO tenure18.6yrs
CEO ownership1.1%
Management average tenure4.7yrs
Board average tenure2.9yrs

Recent management updates

Recent updates

Return Trends At UPL (NSE:UPL) Aren't Appealing

Aug 21
Return Trends At UPL (NSE:UPL) Aren't Appealing

UPL Limited (NSE:UPL) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Aug 05
UPL Limited (NSE:UPL) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Is UPL (NSE:UPL) Using Too Much Debt?

Jun 26
Is UPL (NSE:UPL) Using Too Much Debt?

We Think UPL's (NSE:UPL) Profit Is Only A Baseline For What They Can Achieve

May 20
We Think UPL's (NSE:UPL) Profit Is Only A Baseline For What They Can Achieve

UPL Limited Just Missed EPS By 29%: Here's What Analysts Think Will Happen Next

May 15
UPL Limited Just Missed EPS By 29%: Here's What Analysts Think Will Happen Next

Slowing Rates Of Return At UPL (NSE:UPL) Leave Little Room For Excitement

May 14
Slowing Rates Of Return At UPL (NSE:UPL) Leave Little Room For Excitement

UPL Limited's (NSE:UPL) Share Price Could Signal Some Risk

Apr 24
UPL Limited's (NSE:UPL) Share Price Could Signal Some Risk

When Should You Buy UPL Limited (NSE:UPL)?

Mar 01
When Should You Buy UPL Limited (NSE:UPL)?

Calculating The Intrinsic Value Of UPL Limited (NSE:UPL)

Feb 01
Calculating The Intrinsic Value Of UPL Limited (NSE:UPL)

Is UPL Limited (NSE:UPL) Potentially Undervalued?

Nov 04
Is UPL Limited (NSE:UPL) Potentially Undervalued?

UPL (NSE:UPL) Is Reinvesting At Lower Rates Of Return

Oct 14
UPL (NSE:UPL) Is Reinvesting At Lower Rates Of Return

CEO Compensation Analysis

How has Jai Rajnikant Shroff's remuneration changed compared to UPL's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

₹11b

Mar 31 2025₹683m₹342m

₹8b

Dec 31 2024n/an/a

-₹950m

Sep 30 2024n/an/a

-₹21b

Jun 30 2024n/an/a

-₹19b

Mar 31 2024₹667m₹333m

-₹13b

Dec 31 2023n/an/a

-₹6b

Sep 30 2023n/an/a

₹17b

Jun 30 2023n/an/a

₹27b

Mar 31 2023n/an/a

₹34b

Dec 31 2022n/an/a

₹40b

Sep 30 2022n/an/a

₹39b

Jun 30 2022n/an/a

₹37b

Mar 31 2022n/an/a

₹35b

Dec 31 2021n/an/a

₹32b

Sep 30 2021n/an/a

₹31b

Jun 30 2021n/an/a

₹29b

Mar 31 2021n/an/a

₹28b

Dec 31 2020n/an/a

₹24b

Sep 30 2020n/an/a

₹23b

Jun 30 2020n/an/a

₹20b

Mar 31 2020₹570mn/a

₹18b

Compensation vs Market: Jai's total compensation ($USD7.75M) is above average for companies of similar size in the Indian market ($USD791.19K).

Compensation vs Earnings: Jai's compensation has been consistent with company performance over the past year.

CEO

Jai Rajnikant Shroff (60 yo)

18.6yrs
Tenure
₹683,456,800
Compensation

Mr. Jaidev Rajnikant Shroff, also known as Jai, B.Sc., serves as Chairman at UPL Limited since December 1, 2022. He is a Promoter of Pacific Seeds (Thai) Ltd. Mr. Shroff has been Group Chief Executive Offi...

Leadership Team

NamePositionTenureCompensationOwnership
Jaidev Rajnikant Shroff
Chairman & Group CEO18.6yrs₹683.46m1.06%
₹ 6.2b
Vikram Shroff
Vice-Chairman & Co-CEO of UPL Group19.4yrs₹341.73m0.85%
₹ 5.0b
Raj Tiwari
Whole-Time Director2.8yrs₹44.40mno data
Bikash Prasad
Group Chief Financial Officerless than a yearno datano data
Toshan Tamhane
Global Chief Operating Officer3.6yrsno datano data
Rahul Jadhav
Senior General Manager of Accounts33yrsno datano data
Sandeep Deshmukh
Company Secretary & Compliance Officer5.8yrsno datano data
Sujoy Mazumdar
Group General Counselless than a yearno datano data
K. Srivastava
Chief Operating Officer of Specialty Chemicalsno datano datano data
Farokh Hilloo
Chief Commercial Officer of UPL Corporationno datano datano data
Vidya Kaushik
President of Corporate Affairs14.4yrsno datano data
Kanwal Singh
Business Head of Deccono datano datano data
4.7yrs
Average Tenure
61.5yo
Average Age

Experienced Management: UPL's management team is considered experienced (4.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jaidev Rajnikant Shroff
Chairman & Group CEO32.9yrs₹683.46m1.06%
₹ 6.2b
Vikram Shroff
Vice-Chairman & Co-CEO of UPL Group19.4yrs₹341.73m0.85%
₹ 5.0b
Raj Tiwari
Whole-Time Director2.8yrs₹44.40mno data
Rajnikant Shroff
Chairman Emeritus2.8yrs₹120.70m0.0018%
₹ 10.4m
Naina Lal Kidwai
Independent Director3.9yrs₹6.60mno data
Hardeep Singh
Additional Non-Executive Non-Independent Director10.6yrs₹7.08m0.0063%
₹ 36.4m
Vasant Gandhi
Independent & Non-Executive Director9.8yrs₹7.32mno data
Usha Rao-Monari
Non-Executive & Independent Director2.1yrs₹4.78mno data
Santosh Mohanty
Independent Directorless than a year₹120.00kno data
Suresh Kumar
Lead Independent Director2.9yrs₹7.08mno data
Melattur Bhanumathi
Independent Directorless than a year₹300.00kno data
2.9yrs
Average Tenure
65yo
Average Age

Experienced Board: UPL's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/06 17:02
End of Day Share Price 2025/09/05 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

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 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.

AnalystInstitution
Himanshu BinaniAnand Rathi Shares and Stock Brokers Limited
null nullAnand Rathi Shares and Stock Brokers Limited
Sageraj BariyaAngel Broking Private Limited