ChemicalsLarge capRs 48,080 crRs 93.9 cr traded a dayManufacturingCommodities
Close on 2026-08-21
569.00
−0.51%
52-week range4% of the way up
560.05805.35
Market cap
48,080 cr
P/E (TTM)
18.8×
industry 36×
EPS (TTM)
30.34
Revenue YoY
+12.3%
Q1 FY27
Net margin
-0.7%
+5.1pt vs a year ago
Growth trend
-18.0pt
vs last quarter’s YoY
1 month
-6.3%
Below 52w high
41.5%
RSI (14)
22
oversold
Daily swing
1.9%
average true range
Volume
0.4×
vs 20-day average
Traded
Rs 94 cr
median day
Close200-day averageMaterial filing
260 sessions · hover for the filing behind a move
1 week
+1.07%
1 month
−6.26%
3 months
−13.13%
6 months
−11.16%
1 year
−19.93%
The read
written from the numbers on this page
The evidence is mixed3 supporting, 4 against, 2 worth knowing
Supporting
matches near a 52-week low, which has beaten the market by +0.45 points over 20 sessions across 47,393 past signals
revenue grew 12% year on year in the quarter ending 2026-06-30
priced at 19× earnings against an industry median of 36× — 48% below its peers
Against
trading 14% below its 200-day average
at 4% of its 52-week range — nearly everyone who bought in the past year is underwater
down 20% over twelve months
net margin has narrowed from 7.8% to -0.7% across four quarters
Worth knowing
RSI at 22 is washed out — historically the better half of this site's measured edge comes from exactly this condition
the rise is short covering rather than fresh buying, which historically runs out when the shorts are done
UPL sits in Manufacturing, Commodities — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close back above 665, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
What is working, what is not
read from the filings, with the figure behind every line
Working3
Profit rose year on year in all 4 of the last 4 quarters.
4
Net margin moved from -5.3% to -0.7%.
-5.3%-0.7%
Operating cash flow was Rs 7,855 cr against Rs 2,564 cr of profit over four quarters, 306% of it.
Rs 7,855 crRs 2,564 cr306%
Needs watching2
Crop protection is 75% of revenue, so the business rests on one segment.
Crop protection75%
Revenue -8.2% year on year, Rs 11,090 cr to Rs 10,181 cr.
-8.2%Rs 11,090 crRs 10,181 cr
Every figure here is computed from the company’s own filings. The wording is generated directly from the figures.
How it has performed
price return over each window, measured against zero
What the scans say today
3 of 47 matched on 2026-08-21
UPL matches 3 of the 47 scans today, across 2 different kinds of evidence.
segments and revenue mix, as the company reports them
UPL reports 3 business segments. The largest is Crop protection at 75% of revenue in the quarter ending 2026-06-30.
SegmentRevenueSharevs a year ago
Crop protection7,659 cr74.7%—
Seeds1,750 cr17.1%—
Non agro848 cr8.3%—
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.
Quality of the business
balance sheet as at 2026-03-31
Return on equity
7.4%
trailing profit over shareholders’ funds
Return on capital
5.9%
pre-tax profit over equity plus borrowings
Debt to equity
0.64×
22,046 cr borrowed against 34,696 cr of equity
Net debt
16,071 cr
borrowings less cash
Cash conversion
306%
operating cash flow as a share of profit
Receivable days
126
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.
Valuation against its own history
500 sessions since 2024-09-06
19×
median 25×
236×
now 19×
UPL trades at 19× trailing earnings, below its median of 25× over this window — 26% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093) · AGM / EGM filings were typically +0.00pt vs the market over the next 5 sessions (n=4,362)
The business
from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
revenue grew 12% against the same quarter a year earlier
Going against it
profit dropped 86% year on year
net margin narrowed from 7.1% to -0.7%
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q1 FY27
2026-06-30 · consolidated
10,181
-26
-73
0.12
-0.7%
Q4 FY26
2026-03-31 · consolidated
18,335
1,969
1,294
12.57
7.1%
Q3 FY26
2025-12-31 · consolidated
12,269
752
490
4.69
4.0%
Q3 FY25
2024-12-31 · consolidated
10,907
632
853
9.98
7.8%
Q2 FY25
2024-09-30 · consolidated
11,090
-312
-585
-5.90
-5.3%
Q1 FY25
2024-06-30 · consolidated
9,067
-423
-527
-6.02
-5.8%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-3.9%
Versus 200-day average-14.4%
Below 52-week high-29.3%
Above 52-week low+1.6%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)21.8
Higher closes in last 53 of 5
Six-month return−11.16%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)1.94%
Volume versus 20-day0.4x
Median daily turnoverRs 93.9 cr
Derivatives
near expiry 2026-08-25 · 2026-08-20
Short Covering
Price up, open interest down. Sellers are closing, not buyers arriving. Rallies built only on this tend not to last once the shorts are out.
Futures basis versus spot-0.37%
Open interest change-2.2%
Put / call ratio0.55
Put wall (support)600
Call wall (resistance)600
Max pain590
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.
Peers
Chemicals · 44 classified companies
UPL trades at 18.8× trailing earnings against an industry median of 36.0× across 41 other classified companies in its industry — cheaper than them, by 48%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet
Recent sessions
what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.