# UPL (UPL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/upl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹561.4
- Change: +1.20%
- As of: 2026-09-18
- 1D return: +4.55%
- 5D return: +0.82%
- 1M return: +1.42%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, UPL is trading at ₹580.0. The daily timeframe shows a bearish trend, with the price below the Supertrend indicator and key moving averages like the 50-day SMA and 20-day EMA. However, the monthly timeframe presents a conflicting bullish signal, indicated by the price being above the monthly Supertrend. This divergence suggests a potential short-term weakness within a longer-term upward trend or an early transition phase.

On the daily chart, the price is currently trading below several resistance levels, with the nearest at ₹627.97, approximately 8.27% above the current price. Support is found near the current price at ₹575.5, about 0.78% below. The stock has experienced an extreme upward intraday range anomaly on September 18, 2026, with a 5% return on a wide range, indicating significant intraday volatility.

The stock's risk profile includes an annualized volatility of 31% and a current drawdown of -28%. Key watch conditions include monitoring the price action around the ₹575.5 support level and observing any sustained movement above the ₹627.97 resistance. A break below ₹575.5 could reinforce the daily bearish trend, while a decisive move above ₹627.97 might signal a shift in momentum.

- Daily trend is bearish, with price below Supertrend and key moving averages.
- Monthly trend is bullish, with price above the monthly Supertrend.
- Nearest support level is ₹575.5 (0.78% below current price).
- Nearest resistance level is ₹627.97 (8.27% above current price).
- An extreme upward intraday range anomaly occurred on September 18, 2026.

- Harami
- Hammer
- Morning Star
- Bearish Engulfing Reversal
- Inside Bar
- Outside Bar

### What Changed

UPL's share price has seen an increase, trading at ₹580.0 on September 18, 2026, up from ₹554.75 previously. This marks a recent upward movement in the stock's valuation. The company's profile on the NSE remains unchanged, indicating continuity in its listing status and exchange presence.

- Share price increased to ₹580.0 on September 18, 2026, from ₹554.75.
- Company remains listed on the NSE.

### Official Filings

UPL Limited's subsidiary, Advanta Holdings B.V., has acquired Misr Hytech Seed International S.A.E., an Egyptian entity. This acquisition was disclosed on August 14, 2026. Separately, on August 2, 2026, CRISIL Ratings Limited revised the outlook on UPL Limited's long-term bank facilities from 'Negative' to 'Stable', while reaffirming the rating at 'CRISIL AA+'. The short-term bank facilities and commercial paper programme were reaffirmed at 'CRISIL A1+'. Additionally, on August 14, 2026, S&P Global Ratings revised the credit rating outlook for UPL Corporation Limited, a wholly owned subsidiary, from 'Stable' to 'Positive'. This revision was supported by expectations of sustained earnings and disciplined financial policy, with UPL Corp.'s funds from operations (FFO) to debt ratio improving to 23% in fiscal 2026. In senior management changes, Toshan Tamhane resigned as Group Chief Operating Officer, effective August 31, 2026, to pursue entrepreneurial ventures. This resignation was disclosed on August 26, 2026.

- On August 14, 2026, UPL Limited disclosed the acquisition of Misr Hytech Seed International S.A.E. by its subsidiary Advanta Holdings B.V.
- On September 2, 2026, CRISIL Ratings revised UPL Limited's long-term bank facilities outlook to 'Stable' from 'Negative', reaffirming the rating at 'CRISIL AA+'.
- On August 14, 2026, S&P Global Ratings revised the credit rating outlook for UPL Corporation Limited to 'Positive' from 'Stable'.
- UPL Corporation's fiscal 2026 funds from operations (FFO) to debt ratio was reported at 23%.
- On August 26, 2026, UPL Limited disclosed the resignation of Group Chief Operating Officer, Toshan Tamhane, effective August 31, 2026.

- UPL Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- UPL Limited has informed the Exchange about revision in credit rating outlook by CRISIL Ratings Limited. |SUBJECT: Credit Rating- Revision
- UPL Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- UPL Limited has informed the Exchange about change in Senior Management Personnel. |SUBJECT: Resignation
- UPL Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
- UPL Limited has informed the Exchange about Acquisition of Misr Hytech Seed International S.A.E., an Egyptian entity by Advanta Holdings B.V. |SUBJECT: Acquisition
- UPL Limited has informed the Exchange about revision in credit rating outlook by S&P from "Stable" to "Positive" for UPL Corporation Limited. |SUBJECT: Credit Rating- Revision
- UPL Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
- UPL Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- UPL Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Fundamentals

UPL's recent operating performance shows a mixed trajectory across the reported periods. Revenue from operations saw a significant increase from ₹12,269 crore in Q3 FY2025-26 to ₹18,335 crore in Q4 FY2025-26, before declining to ₹10,181 crore in Q1 FY2026-27. Profit Before Tax (PBT) followed a similar pattern, rising from ₹752 crore in Q3 FY2025-26 to ₹1,969 crore in Q4 FY2025-26, but then recorded a loss of ₹26 crore in Q1 FY2026-27. This shift to a loss in Q1 FY2026-27, despite a notable Finance Cost of ₹852 crore, also impacted the net Profit/Loss for the period, which was a loss of ₹73 crore compared to a profit of ₹490 crore in Q3 FY2025-26 and ₹1,294 crore in Q4 FY2025-26. The Tax Expense also turned negative in Q1 FY2026-27, reflecting the reported loss before tax. The company's Paid Up Value Of Equity Share Capital remained stable at ₹169 crore across these periods. The key monitoring area is the company's ability to return to profitability and manage its finance costs, especially in light of the recent loss reported in Q1 FY2026-27.

- Revenue from operations was ₹12,269 crore in Q3 FY2025-26, ₹18,335 crore in Q4 FY2025-26, and ₹10,181 crore in Q1 FY2026-27.
- Profit Before Tax was ₹752 crore in Q3 FY2025-26, ₹1,969 crore in Q4 FY2025-26, and a loss of ₹26 crore in Q1 FY2026-27.
- Profit Loss For Period was ₹490 crore in Q3 FY2025-26, ₹1,294 crore in Q4 FY2025-26, and a loss of ₹73 crore in Q1 FY2026-27.
- Finance Costs were ₹774 crore in Q3 FY2025-26, ₹836 crore in Q4 FY2025-26, and ₹852 crore in Q1 FY2026-27.
- Paid Up Value Of Equity Share Capital remained constant at ₹169 crore from Q3 FY2025-26 to Q1 FY2026-27.

### Bull Case

The company's monthly technical trend shows a bullish supertrend indicator at ₹526.67 as of September 18, 2026. This suggests a potentially positive long-term outlook based on this specific technical measure. However, the daily and weekly trends are currently indicated as bearish, with supertrend values at ₹586.79 and ₹658.93 respectively. The company's recent returns show a decrease over the past year (-17%) and year-to-date (-28%), though there was a positive return of 5% in the last trading day.

- Monthly technical trend shows a bullish supertrend at ₹526.67 as of September 18, 2026.
- Daily trend shows a bearish supertrend at ₹586.79.
- Weekly trend shows a bearish supertrend at ₹658.93.
- The stock experienced a 5% return on the last trading day, but has seen negative returns over the past year (-17%) and year-to-date (-28%).

- BRICS Business Council calls for supply-chain resilience framework, deeper co-operation in AI
- Brics business council pushes supply-chain resilience, AI cooperation | Today News

### Bear Case

The company's recent performance shows a cautionary trend, with a notable year-to-date return of -28% as of September 18, 2026. This decline is further underscored by a 6-month return of -8% and a 3-month return of -5%. Technical indicators also suggest a bearish sentiment on a daily and weekly basis, with the supertrend indicator in a bearish direction for both timeframes. The weekly trend shows a significant downward slope in its moving averages, with the 20-day EMA slope at -16.27 and the 50-day SMA slope at -10.4. The stock is trading below its 20-day, 50-day, and 200-day simple moving averages, indicating potential short to medium-term weakness. The current drawdown stands at -28%, with a maximum drawdown of -32%, highlighting the stock's volatility and potential for significant price erosion.

- Year-to-date return as of September 18, 2026, is -28%.
- The 6-month return is -8% and the 3-month return is -5%.
- Daily and weekly technical trends indicate a bearish supertrend direction.
- The stock is trading below key moving averages (20-day, 50-day, 200-day SMA).
- Current drawdown is -28%, with a maximum drawdown of -32%.

- BRICS Business Council calls for supply-chain resilience framework, deeper co-operation in AI
- Brics business council pushes supply-chain resilience, AI cooperation | Today News

### FAQs

**What was the recent change in UPL's credit rating outlook, and what does it signify?**

On September 2, 2026, CRISIL Ratings Limited revised the outlook on UPL Limited's long-term bank facilities from 'Negative' to 'Stable'. The rating was reaffirmed at 'CRISIL AA+'. Additionally, CRISIL reaffirmed its 'CRISIL A1+' rating on the company's short-term bank facilities and commercial paper programme. A stable outlook generally suggests that the rating agency expects the company's financial health to remain consistent and not deteriorate in the near future.

**What has been the recent stock performance of UPL over different periods?**

As of September 18, 2026, UPL's stock has shown varied returns across different timeframes. It experienced a 5% return in the last day and a 4% return in the last month. However, over longer periods, the returns have been negative: -1% in the last 10 days, -5% in the last 3 months, -8% in the last 6 months, and -17% in the last year. Year-to-date, the return is -28%.

**What are the key technical support and resistance levels for UPL's stock?**

As of September 18, 2026, UPL's stock is trading near immediate support levels. The nearest support is at ₹575.50, which is approximately 0.78% below the current price. Further support levels are identified at ₹566.77 and ₹562.38. On the upside, the nearest resistance level is at ₹627.97, about 8.27% higher than the current price, with subsequent resistance levels at ₹650.00 and ₹683.99.

**Has there been any recent change in UPL's senior management?**

Yes, UPL Limited announced on August 26, 2026, that its Group Chief Operating Officer, Mr. Toshan Tamhane, resigned from his position. His resignation was effective August 31, 2026, as he intends to pursue entrepreneurial ventures. This change in senior management personnel was disclosed under SEBI Listing Regulations.

- BRICS Business Council calls for supply-chain resilience framework, deeper co-operation in AI
- Brics business council pushes supply-chain resilience, AI cooperation | Today News
- UPL Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- UPL Limited has informed the Exchange about revision in credit rating outlook by CRISIL Ratings Limited. |SUBJECT: Credit Rating- Revision
- UPL Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- UPL Limited has informed the Exchange about change in Senior Management Personnel. |SUBJECT: Resignation
- UPL Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹554.18
- Risk regime: Price Risk Requires Attention

### Support levels
- 575.5
- 533.6875
- 566.7666666666667

### Resistance levels
- 627.9681640625
- 650.0015625
- 683.99453125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +4.55% |
| return_10 | -0.91% |
| return_1m | +3.56% |
| return_1y | -17.02% |
| return_20 | +1.42% |
| return_3m | -5.04% |
| return_5 | +0.82% |
| return_6m | -8.16% |
| return_since_start | +15.88% |
| return_ytd | -27.98% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -31.63% |
| annualized_volatility | +31.05% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Lower Finance Costs Narrow Pre-Tax Loss as Revenue Grows 10% Year-on-Year

UPL Ltd. reported a 10.5% increase in revenue to ₹10,181 crore for the quarter ended 30 June 2026, compared with ₹9,216 crore in the same quarter of the prior year. The pre-tax loss narrowed significantly from ₹208 crore to ₹26 crore, largely because of a ₹155 crore reduction in finance costs. The consolidated net loss after tax improved to ₹73 crore, but basic earnings per share turned positive at ₹0.12, reflecting a divergence between the total period result and the profit attributable to shareholders. Other comprehensive income swung from a large gain to a marginal loss, pulling total comprehensive income from a positive ₹258 crore a year ago to a negative ₹80 crore.

## Revenue and Seasonal Pattern

Revenue of ₹10,181 crore was 10.5% higher than the ₹9,216 crore recorded in the first quarter of the previous fiscal year. Sequentially, revenue declined by ₹8,154 crore, or 44.5%, from the peak of ₹18,335 crore in the preceding quarter (ended 31 March 2026).

The prior fiscal year’s quarterly revenue figures show a consistent seasonal pattern: revenue was lowest in the June quarter (₹9,216 crore), rose to ₹12,019 crore in September, reached ₹12,269 crore in December, and peaked at ₹18,335 crore in March. The current quarter’s revenue of ₹10,181 crore fits this seasonal profile while starting the new fiscal year at a higher base than the previous year’s low point.

## Profitability and the Impact of Finance Costs

The company’s pre-tax loss narrowed from ₹208 crore to ₹26 crore, an improvement of ₹182 crore. Finance costs fell by ₹155 crore, from ₹1,007 crore to ₹852 crore, accounting for roughly 85% of the total improvement in the pre-tax result. Finance costs represented about 8.4% of the quarter’s revenue, so the reduction had a material effect on the bottom line.

The segment-level pre-tax loss also improved, moving from a loss of ₹190 crore to a loss of ₹109 crore. The consolidated pre-tax loss of ₹26 crore was ₹83 crore better than the segment result, indicating that items not allocated to the segment (such as corporate income or expenses) had a net positive effect in the quarter.

## Net Result and Earnings Per Share Divergence

The consolidated net loss for the period was ₹73 crore, an improvement of ₹103 crore compared with the ₹176 crore loss a year earlier. Tax expense was a net benefit in both periods, increasing from a ₹14 crore benefit to a ₹36 crore benefit, which further reduced the net loss.

Despite the consolidated loss, basic earnings per share were positive at ₹0.12, compared with a loss of ₹1.98 per share in the prior-year quarter. This divergence indicates that the profit attributable to the company’s shareholders was positive, while the consolidated loss included amounts attributable to other interests. The paid-up equity share capital remained stable at ₹169 crore for the last four quarters, following a 6.3% increase from the prior year’s first quarter.

## Other Comprehensive Income and Total Comprehensive Income

Other comprehensive income swung from a gain of ₹434 crore in the prior year’s first quarter to a marginal loss of ₹7 crore in the current quarter. When combined with the net loss, total comprehensive income moved from a positive ₹258 crore a year ago to a negative ₹80 crore. The sharp decline in other comprehensive income meant that the overall comprehensive position weakened, even though the net loss narrowed.

## Key Takeaway

The pre-tax loss narrowed materially because of a 15% reduction in finance costs, not because of revenue growth. While basic earnings per share turned positive, the consolidated net result remained a loss. Total comprehensive income turned negative as the large prior-year gain in other comprehensive income did not repeat. The quarter’s revenue performance continued to follow the established seasonal pattern, starting the fiscal year at a higher level than the prior year’s low.

### Ratios

## Official filings

- 2026-09-07 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_07092026130756_SE_Intimation.pdf)
- 2026-09-02 — Credit Rating Update: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_02092026180451_Crisilcreditratingletter.pdf)
- 2026-08-26 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2170_WebXMLFile_20260826_154154394.xml)
- 2026-08-26 — Management Change: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_26082026153944_TOSHANTAMHANE.pdf)
- 2026-08-26 — Management Change: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_ROID_97160_KMP_Doc.zip)
- 2026-08-14 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_15082026022000_Acquisition_Intimation_finalpdf.pdf)
- 2026-08-14 — Credit Rating Update: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_14082026112642_UPLCreditRatingChangeinOutlook.pdf)
- 2026-08-14 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2170_WebXMLFile_20260815_023638340.xml)
- 2026-08-10 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2170_WebXMLFile_20260810_193514335.xml)
- 2026-08-10 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2170_WebXMLFile_20260810_192912417.xml)
- 2026-08-10 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2170_WebXMLFile_20260810_193737760.xml)
- 2026-08-06 — Generic Announcement: UPL Limited held its 42nd Annual General Meeting on August 6, 2026, via video conference. All six resolutions presented, including the adoption of financial statements for the year ended March 31, 2026, declaration of dividend, and re-appointment of directors Jaidev R. Shroff and Naina Lal Kidwai, were passed with the required majority. The company reported strong performance for FY 2025-26 and recommended a final dividend of ₹6 per equity share. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_06082026180954_AGM_Outcome.pdf)
- 2026-08-06 — Generic Announcement: UPL Limited has made available the transcript of its Q1 FY2027 earnings conference call, which took place on August 3, 2026. The call discussed the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The transcript is accessible on the company's investor relations website. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_06082026114004_Transcript.pdf)
- 2026-08-04 — Generic Announcement: UPL Limited announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The company reported total revenue from operations of ₹10,181 crore and a net profit of ₹1,294 crore for the quarter. These results were reviewed by the Audit Committee and approved by the Board of Directors on August 3, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_04082026104547_SE_Intimation.pdf)
- 2026-08-04 — Generic Announcement: Effective August 31, 2026, UPL Corporation Limited's CEO, Mr. Mike Frank, will step down. Group Chairman and CEO, Mr. Jai Shroff, will lead the Global Crop Protection business. Mr. Sameer Tandon is appointed President, APAC, Africa, and Europe, and Mr. Ashish Dobhal is appointed President, Americas, with expanded global mandates. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_04082026085707_update.pdf)
- 2026-08-03 — Management Change: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_ROID_94198_KMP_Doc.zip)
- 2026-08-03 — Management Change: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2170_WebXMLFile_20260803_173423422.xml)
- 2026-08-03 — Press Release: UPL Limited reported unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, on August 3, 2026. The company achieved revenue of ₹10,181 crore, a 10% year-over-year increase, and EBITDA of ₹1,500 crore, up 15% year-over-year. Net income (PATMI) was the strongest in three years. Gross debt decreased to $3.0 billion, and Net Debt/EBITDA improved to 2.4x. UPL guided for full-year revenue growth of 7–11% and EBITDA growth of 10–14%. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_03082026151947_Press_Release.pdf)
- 2026-08-03 — Earnings Presentation: UPL Limited has released its investor presentation for the quarter ended June 30, 2026 (Q1 FY27), reporting a 10% year-over-year increase in revenue to ₹10,181 crore and a 15% increase in EBITDA to ₹1,500 crore. The company achieved its seventh consecutive quarter of margin expansion, with operational PATMI growing by approximately ₹100 crore compared to the previous year. Key corporate updates include a ratings upgrade by CARE Edge to AA+ (Stable) and inclusion in the FTSE4Good index with an improved ESG score. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_03082026152334_Investor_Presentation.pdf)
- 2026-08-03 — Generic Announcement: UPL Limited has made available the audio recording of its Q1 FY 2027 earnings call, held on August 3, 2026, concerning the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The recording is accessible on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_03082026195154_AudioCall.pdf)
- 2026-08-03 — Generic Announcement: UPL Limited announced that Mike Frank, Chief Executive Officer of UPL Corporation Limited and a member of the Senior Management Personnel of the UPL Group, will conclude his association with the company effective August 31, 2026, due to personal commitments requiring his relocation back to the United States. Frank, aged 61, has served for four and a half years and will work with the senior management team to ensure a smooth transition. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_03082026172505_ChangeinSMP.pdf)
- 2026-08-03 — Generic Announcement: On August 3, 2026, UPL Limited's Board of Directors approved the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The company reported a net loss of ₹73 crore for the quarter on a consolidated basis, compared to a profit of ₹1,294 crore in the same period last year. Standalone, the company reported a profit of ₹359 crore for the quarter, down from ₹1,120 crore in the prior year's quarter. The results include a ₹61 crore exceptional item loss related to restructuring costs and the impact of new labor codes. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_03082026151713_Results.pdf)
- 2026-08-03 — Generic Announcement: UPL Limited's Board Meeting, held on August 3, 2026, to approve unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, has concluded at 03:30 P.M. IST. This information was disclosed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_03082026153910_Conclusion.pdf)
- 2026-08-01 — Generic Announcement: UPL Limited completed the Swap Transaction and ESOP Swap Transaction on July 31, 2026, as part of a Composite Scheme of Arrangement. These transactions consolidate the global crop protection business under a single entity. UPL Cayman 2 has become a wholly owned subsidiary of UPL Cayman 1, with UPL Mauritius now holding 76.42% of UPL Cayman 1 shares. The Competition Commission of India had previously approved the scheme on June 3, 2026. These internal restructuring steps do not materially alter the company's consolidated assets, liabilities, revenues, profitability, or net worth. — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_01082026111409_Reg30_Completion_of_Swap_transaction_Final.pdf)
- 2026-08-01 — Official Filing: On July 31, 2026, UPL Limited completed a Swap Transaction and an ESOP Swap Transaction as preparatory steps for consolidating its India and Global Crop Protection Business under a single entity. These internal restructuring steps, which do not materially alter consolidated financial statements, resulted in UPL Cayman 2 becoming a wholly owned subsidiary of UPL Cayman 1. Employee stock options were exchanged, and the shareholding of UPL Cayman 1 shifted to 76.42% UPL Corporation Limited, Mauritius; 21.82% Upswing Trust; 0.01% others; and 1.76% unvested options.

## News and market events

- 2026-09-13 — The Hindu: **BRICS Business Council calls for supply-chain resilience framework, deeper co-operation in AI** — BRICS Business Council urges a supply-chain resilience framework and enhanced AI cooperation to boost innovation and sustainability among member economies. — [Source](https://www.thehindubusinessline.com/companies/brics-business-council-calls-for-supply-chain-resilience-framework-deeper-co-operation-in-ai/article71463519.ece)
- 2026-09-13 — Mint: **Brics business council pushes supply-chain resilience, AI cooperation | Today News** — The Council called for stronger trade, investment and technology links across member economies, with focus on resilience, digital infrastructure and advanced manufacturing. — [Source](https://www.livemint.com/news/india/brics-business-council-pushes-supply-chain-resilience-ai-cooperation-11789297079358.html)
- 2026-09-02 — The Hindu: **Godrej Industries Group's National Chemistry Day Summit Explores Resilience as a Defining Capability for the Chemical Industry** — Godrej Industries Group's National Chemistry Day Summit Explores Resilience as a Defining Capability for the Chemical Industry — [Source](https://www.thehindu.com/brandhub/pr-release/godrej-industries-groups-national-chemistry-day-summit-explores-resilience-as-a-defining-capability-for-the-chemical-industry/article71419440.ece)
- 2026-08-27 — BUSINESS: **Stock Alert: GK Energy, Juniper Green Energy, Vikram Solar, B R Goyal Infra** — Shares of Steel Authority of India (SAIL) barred from fresh F&O positions on 27 August 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-gk-energy-juniper-green-energy-vikram-solar-b-r-goyal-infra-126082700121_1.html)
- 2026-08-25 — CNBC-TV18: **This $5 billion chemical stock can surge 25%, says Jefferies** — Shares of UPL are down nearly 30% from the 52-week high it hit in December 2025. Is it a good time to buy? The market consensus is yes. — [Source](https://www.cnbctv18.com/market/stocks/upl-share-price-5-billion-dollar-chemical-stock-can-surge-25-says-jefferies-19976217.htm)
- 2026-08-05 — Mint: **Raja Venkatraman recommends three stocks for 5 August** — Market expert Raja Venkatraman shares his top stock picks for 5 August. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-5-august-11785890260978.html)
- 2026-08-04 — CNBC-TV18: **Closing Bell: Markets recover from day's lows, but FMCG drag keeps indices lower** — Indian benchmarks ended lower on Tuesday but staged a sharp late recovery from the day's lows, trimming losses in the final hour of trade. FMCG stocks remained under pressure after Nestlé's commentary, while gains in select metals and hospitals offered support. — [Source](https://www.cnbctv18.com/market/closing-bell-markets-recover-from-days-lows-fmcg-drag-keeps-indices-lower-19961461.htm)
- 2026-08-04 — The Hindu: **Q1 Results Today Live: Bharti Airtel, ONGC, Pidilite, Marico, Nykaa, Bharti Hexacom, NHPC, MCX, Godrej Properties, Kalyan Jewellers, Alembic, RITES, Zydus Wellness to announce Q1 results, Ather Energy, KEI, Sundaram Finance shares gain after Q1, DLF, UPL, Nazara, IREDA in red** — Q1 Results Today, 4th August 2026 Live Updates: Follow businessline for more — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-bharti-airtel-ongc-pidilite-nykaa-marico-nhpc-mcx-godrej-properties-zydus-alembic-rites-kalyan-jewellers-uno-minda-tata-invest-united-breweries-results-04-august-2026/article71300717.ece)
- 2026-08-04 — The Hindu: **Sensex today | Stock Market Live: Sensex flat, Nifty down 190 pts to 24,580 as CAS correction weighs; LIC shares fall 7%; RBI policy, earnings in focus** — Sensex, Nifty, Share Prices LIVE: Benchmark indices opened Tuesday’s session on a weak note, with the Nifty 50 trading lower by 175 points and the Sensex slipping modestly, as markets corrected after Monday’s sharp rally that analysts attributed partly to a technical distortion from the new Closing Auction Session mechanism. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-4th-august-2026/article71301258.ece)
- 2026-08-04 — CNBC-TV18: **Do you own any of these 8 stocks buzzing in trade today?** — Stock on the Nifty 500 rallied on strong quarterly numbers while others slipped despite largely resilient results. Here's a look at the top gainers and losers making waves at the open of today's session. — [Source](https://www.cnbctv18.com/photos/market/nifty-500-gainers-losers-ather-energy-kei-industries-cg-power-lic-upl-doms-shares-19961048.htm)
- 2026-08-04 — MONEYCONTROL: **Price Action: Restaurant Brands Asia jumps 10%, UPL down 5% on CEO resignation** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/markets/price-action-restaurant-brands-asia-jumps-10-upl-down-5-on-ceo-resignation-13993036.html)
- 2026-08-04 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: GIFT Nifty hints at a muted start; DLF shares in focus** — Stock Market LIVE Updates: Today's session is not only the weekly options expiry session for the Nifty 50 contracts, but is also set to see supply of paper worth nearly ₹36,000 crore, which includes the mega LIC Offer for Sale (OFS). Earnings season is drawing to a close and therefore, companies are making a beeline to report numbers as well. Adding to that is the confusion surrounding the Closing Auction Session. Watch this space for all the LIVE stock market updates. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-banks-midcaps-lic-paytm-meesho-kalyan-arvind-bharti-bse-share-price-liveblog-19960944.htm)
- 2026-08-04 — CNBC-TV18: **Q1 Results LIVE Updates: Bharti Airtel, ONGC report numbers today; SBI Funds, DLF react to earnings** — Q1 Results LIVE Updates: Two Nifty 50 companies Bharti Airtel, ONGC and Ajmera Realty, Alembic Pharma, BSE, Bharti Hexacom, Castrol, Godrej Properties, Greaves Cotton, Kalyan Jewellers, Marico, MCX, Nykaa, Metro Brands, NHPC, Motherson Sumi Wiring, Pidilite, Protean e-GOV, Keystone Realtors, RITES, Saregama, Safari Industries, Sanofi India, Tata Investment, Symphony, United Breweries, Uno Minda, VRL Logistics, Zydus Wellness, Welspun Enterprises, Wonderla Holidays, Prince Pipes, Metropolis Healthcare, CE InfoSystems, are among the other companies reporting their numbers today. Earnings reactions also come from stocks like DLF, IREDA, Torrent Power, and other such names. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bharti-airtel-hexacom-ongc-dlf-sbi-funds-ireda-bse-mcx-kalyan-gcpl-marico-nykaa-pidilite-share-price-liveblog-19960965.htm)
- 2026-08-04 — The Hindu: **Stocks to watch, August 4: LIC, Arvind, Paytm, Meesho among 8 stocks will be in focus today** — Key triggers for UPL, Jupiter Wagons, Kirloskar Pneumatic — [Source](https://www.thehindubusinessline.com/markets/stocks-to-watch-august-4-lic-arvind-paytm-meesho-among-8-stocks-will-be-in-focus-today/article71303744.ece)

## Business profile

**Strategic vision:** Provides sustainable agricultural solutions and services globally.

### Business segments
- **High-performance seeds:** Providing advanced seed technologies to farmers.
- **Crop protection products:** Including herbicides, fungicides, insecticides, seed treatments, and adjuvants to safeguard crops from various threats.
- **Natural solutions (Biosolutions):** Focused on enhanced productivity and minimizing environmental impact.
- **Post-harvest solutions:** Addressing needs after crops are harvested to reduce loss and maintain quality.
- **Soil & Water Technologies:** Innovations aimed at improving soil health and efficient water usage.
- **On-farm equipment and services:** Offering integrated conventional crop protection and biological solutions.

### Competitive strengths
- Global presence serving diverse agricultural communities.
- Comprehensive portfolio of crop protection and biological solutions.
- Focus on sustainable farming practices and food systems transformation.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/upl
Markdown representation: https://faxioms.com/stocks/upl?render=md