UPL Ltd
About
UPL Limited is an Indian multinational agrochemical and speciality chemicals company headquartered in Mumbai, operating in over 150 countries. Founded in 1969 as United Phosphorus Limited, it was rebranded in 2013 to reflect its global presence. UPL’s core business includes pesticides, fungicides, herbicides, insecticides, seeds, and plant growth regulators, while its non-agro segment covers industrial and speciality chemicals. A major milestone was the $4.2 billion acquisition of Arysta LifeScience in 2019, making UPL the fifth-largest generic agrochemicals company globally, alongside Bayer, Corteva, Syngenta, and BASF. Committed to sustainable agriculture, UPL drives innovation through its OpenAg initiative, fostering global collaboration for food security. With a strong focus on R&D and environmentally friendly solutions, UPL continues to transform agriculture worldwide, enhancing productivity and sustainability for farmers while expanding its market leadership in the agrochemical industry.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 43581 -19.6% | 54210 16.2% | 46655 19.7% | 38994 8.7% | 35863 62.3% | 22091 24.2% | 17792 3.8% | 17145 18.5% | 14463 19.1% | 12145 11.5% | 10896 17.3% | 9293 19.7% | 7764 25.1% | 6208 22.2% | 5079 -5.8% | 5393 - |
| Net Operating Income (INR Cr) | 43098 -19.56% | 53576 15.87% | 46240 19.50% | 38694 8.22% | 35756 63.74% | 21837 25.66% | 17378 6.54% | 16312 16.12% | 14048 16.19% | 12091 12.31% | 10765 17.19% | 9186 19.74% | 7671 33.17% | 5761 8.90% | 5290 10.16% | 4802 36.60% |
| Profit (INR Cr) | -1200 - | 3570 -1.5% | 3626 26.3% | 2871 61.7% | 1776 19.1% | 1491 -26.3% | 2022 17.1% | 1727 83.7% | 940 -17.8% | 1144 20.5% | 950 22.6% | 775 39.4% | 556 -0.4% | 558 6.0% | 526 15.4% | 456 - |
| Assets (INR Cr) | 63065 4.8% | 60198 6.2% | 56706 13.6% | 49935 -4.1% | 52051 9.7% | 47464 195.2% | 16078 13.3% | 14195 21.4% | 11693 18.9% | 9832 7.7% | 9133 -4.2% | 9529 16.7% | 8164 25.7% | 6496 19.7% | 5425 12.6% | 4817 - |
| Net Worth (INR Cr) | 24807 -7.6% | 26858 8.9% | 24661 18.1% | 20887 8.3% | 19282 31.0% | 14715 60.5% | 9169 25.4% | 7315 24.2% | 5889 0.5% | 5860 11.7% | 5247 13.0% | 4645 11.3% | 4173 12.0% | 3726 24.5% | 2992 11.9% | 2673 19.4% |
| Employee Cost (INR Cr) | 4682 -7.4% | 5056 9.4% | 4622 24.5% | 3712 9.5% | 3391 61.9% | 2095 22.3% | 1713 5.3% | 1627 13.5% | 1434 37.5% | 1043 10.0% | 948 11.2% | 853 24.8% | 683 32.7% | 515 4.8% | 491 4.2% | 471 - |
| Interest Cost (INR Cr) | 3852 | 2963 | 2295 | 2060 | 1481 | 963 | 783 | 735 | 704 | 517 | 485 | 429 | 415 | 312 | 194 | 292 |
| Cash & Bank Balance (INR Cr) | 6036 | 6097 | 6120 | 4853 | 6752 | 2851 | 2894 | 2895 | 1189 | 1010 | 1023 | 1548 | 700 | 1566 | 1578 | 554 |
| Total Debt (INR Cr) | 29754 | 23939 | 26746 | 24519 | 29388 | 29139 | 6638 | 6361 | 5258 | 3281 | 3349 | 4203 | 3389 | 2679 | 2419 | 2134 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | 6.6% | 7.8% | 7.4% | 5.0% | 6.8% | 11.4% | 10.1% | 6.5% | 9.4% | 8.7% | 8.3% | 7.2% | 9.0% | 10.4% | 8.5% |
| Profit As % Of Assets | - | 5.9% | 6.4% | 5.8% | 3.4% | 3.1% | 12.6% | 12.2% | 8.0% | 11.6% | 10.4% | 8.1% | 6.8% | 8.6% | 9.7% | 9.5% |
| Profit As % Of Networth | - | 13.3% | 14.7% | 13.8% | 9.2% | 10.1% | 22.1% | 23.6% | 16.0% | 19.5% | 18.1% | 16.7% | 13.3% | 15.0% | 17.6% | 17.1% |
| Interest Cost to EBITDA % | 95.2% | 29.6% | 24.9% | 25.4% | 24.1% | 28.6% | 23.4% | 25.7% | 31.1% | 22.5% | 25.3% | 26.5% | 30.9% | 29.6% | 24.1% | 37.4% |
| Debt to Equity Ratio | 1.20 | 0.89 | 1.08 | 1.17 | 1.52 | 1.98 | 0.72 | 0.87 | 0.89 | 0.56 | 0.64 | 0.90 | 0.81 | 0.72 | 0.81 | 0.80 |
| RONW | - | 17.1% | 19.5% | 17.4% | 15.4% | 16.0% | 24.6% | 26.3% | 16.2% | 21.0% | 18.5% | 15.9% | 14.7% | 17.5% | 18.1% | 17.8% |
| ROCE | 3.8% | 15.7% | 14.8% | 13.1% | 10.5% | 10.6% | 20.4% | 20.6% | 17.0% | 20.6% | 17.8% | 15.5% | 15.6% | 16.4% | 15.5% | 17.5% |