# 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: ₹534.9
- Change: +1.60%
- As of: 2026-11-06
- 1D return: +1.60%
- 5D return: +4.20%
- 1M return: +11.19%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

UPL (₹534.90) exhibits a short-term bounce within a broader downtrend. On the daily chart, price sits above the 20-period EMA and SMA, with a bullish Supertrend signal, suggesting immediate buying pressure. This is corroborated by a high-severity upward volume anomaly on November 6 (+1.6%) and moderate participation on November 2. However, trend strength is weak (ADX 16.8), and price remains below key longer-term averages (50-day and 200-day SMAs). The monthly and weekly trends remain bearish, with price below all major moving averages and Supertrends. UPL is trading near the upper end of its 20-day range (+78.2%) but still significantly off its 52-week highs (-33.6% drawdown). Immediate resistance lies at ₹542.43 (1.41% above), while support is tight at ₹534.47 (0.08% below). A sustained move above ₹542.43 would be required to confirm a reversal of the short-term momentum; failure to hold above recent lows may see price retest deeper supports.

- Short-term structure is cautiously bullish: Price  20-EMA/SMA and Supertrend is bullish, supported by a high-severity volume spike on Nov 6.
- Longer-term context remains bearish: Price  50/200 SMAs on daily; Monthly and Weekly trends are bearish with ADX indicating developing/stable weakness.
- Key levels to monitor: Resistance at ₹542.43 (1.41% up); Immediate support at ₹534.47 (0.08% down).
- Risk profile: Current drawdown is -33.6%; Annualized volatility is +31.6%, indicating significant price swings.

- Doji
- Inside Bar
- Harami

### News Context

UPL reported its Q2 FY27 results on November 2, 2026, revealing a divergence between top-line pressure and margin resilience. Consolidated net profit declined 24–26% year-on-year to ₹421–452 crore, driven by lower sales that reduced total income by 1.32%. However, EBITDA rose 5%, supported by improved operating margins and favorable foreign exchange movements that offset weaker global crop protection volumes. The company highlighted growth in its Specialty Chemicals and Seeds segments and announced an $110 million acquisition of Egypt-based Misr Hytech Seed International via its subsidiary Advanta.

Market sentiment reflected these mixed signals. On November 5, Bajaj Broking identified UPL as a potential candidate for short-covering activity due to elevated open interest and weak price action. Separately, Motilal Oswal assigned a neutral rating with a target price of ₹580 on November 3, citing the current outlook on the agrochemical company's performance.

- Q2 FY27 Net Profit: Declined 24–26% YoY to ₹421–452 crore; Total Income fell 1.32% due to lower sales.
- Margin & Segment Performance: EBITDA rose 5% with improved operating margins; FX gains offset volume declines. Specialty Chemicals and Seeds segments showed strong growth.
- M&A Activity: Announced $110 million acquisition of Misr Hytech Seed International (Egypt) through subsidiary Advanta.
- Analyst Views: Motilal Oswal (Nov 3) set a neutral rating with a ₹580 target. Bajaj Broking (Nov 5) flagged UPL for potential short-covering based on derivative metrics.

- [Stock market today: Suzlon, PB Fintech, PFC, Mazagon among 17 stocks that may see short covering](https://www.businesstoday.in/markets/stocks/story/stock-market-today-suzlon-pb-fintech-pfc-mazagon-among-17-stocks-that-may-see-short-covering-565792-2026-11-05)
- [Neutral UPL; target of Rs 580: Motilal Oswal](https://www.moneycontrol.com/news/business/neutral-upl-target-of-rs-580-motilal-oswal-14067750.html)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [UPL Q2 profit falls 26 pc to Rs 452 crore on lower sales](https://ianslive.in/upl-q2-profit-falls-26-pc-to-rs-452-crore-on-lower-sales--20261102173048)
- [UPL Q2 Results: Net profit falls 24% YoY to ₹421 crore, EBITDA rises 5%](https://www.cnbctv18.com/market/upl-q2-results-net-profit-falls-ebitda-rises-share-price-reaction-20024944.htm)

### What Changed

UPL Limited (NSE: UPL) has updated its investor communications following the release of unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026. On November 2, 2026, the company held an earnings conference call and an Analyst/Investor Meet, with transcripts subsequently filed with the NSE on November 6, 2026. These filings provide the detailed management commentary underlying the reported financial performance.

Market pricing reflects a shift in valuation as of the observation date of November 6, 2026. The stock closed at ₹534.9, up from the previous recorded price of ₹526.5. This movement coincides with the availability of the post-earnings discussion transcripts, which allow investors to assess management's outlook and operational updates beyond the headline numbers.

- Transcripts for the Q2 and H1 FY2027 earnings conference call and Analyst/Investor Meet held on November 2, 2026, were filed with the NSE on November 6, 2026.
- The stock price increased to ₹534.9 on November 6, 2026, compared to the prior level of ₹526.5.
- Financial context is based on unaudited consolidated and standalone results for the period ended September 30, 2026.

- [UPL Limited has informed the Exchange about Transcript of Earnings Conference Call for Q2 and H1 FY2027 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/UPL_06112026150056_transcript.pdf)
- [UPL Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2170_WebXMLFile_20261106_151004980.xml)

### Official Filings

UPL Limited reported unaudited financial results for Q2 and H1 FY2027 (ended September 30, 2026), alongside significant governance and strategic updates. Consolidated revenue for the quarter was ₹11,860 crore, down 1% year-over-year, while EBITDA rose 5% to ₹2,312 crore with a margin expansion of 120 basis points to 19.5%. For the half-year, revenue grew 4% to ₹22,041 crore, and operational PATMI increased 33% to ₹441 crore. The company announced Advanta’s agreement to acquire 99.98% of Egypt’s Misr Hytech Seed International for approximately $110 million, pending regulatory approvals by January 31, 2027. Additionally, UPL refinanced $400 million of a term loan due in December 2026 to FY2032. Governance changes include the appointment of Mr. Shatmanyu Shrivastava as a Non-Executive Director and S R B C & CO LLP as statutory auditors for five years from 2027. A composite arrangement remains subject to further approvals and is not reflected in these results.

- H1 FY2027 consolidated revenue grew 4% to ₹22,041 crore, with operational PATMI rising 33% to ₹441 crore; Q2 EBITDA margin expanded 120 bps to 19.5% despite a 1% YoY revenue decline.
- Advanta agreed to acquire 99.98% of Misr Hytech Seed International for ~$110 million, with completion expected on or before January 31, 2027, subject to regulatory approvals.
- The Board appointed Mr. Shatmanyu Shrivastava (nominated by LIC) as Non-Executive, Non-Independent Director and approved S R B C & CO LLP as statutory auditors for five consecutive years starting from the 2027 AGM.
- FY2027 guidance projects 4–8% growth, assuming no adverse weather disruptions and no major escalation in West Asia affecting logistics and input prices.

- [UPL Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/UPL_06112026132547_SE__Intimation.pdf)
- [UPL Limited has informed the Exchange about Transcript of Earnings Conference Call for Q2 and H1 FY2027 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/UPL_06112026150056_transcript.pdf)
- [UPL Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2170_WebXMLFile_20261106_151004980.xml)
- [UPL Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/UPL_03112026120229_SE_Intimation.pdf)
- [UPL Limited has informed the Exchange regarding "Press release dated November 2, 2026, titled "Unaudited Financial Results for Q2 and H1 FY 2027" |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/UPL_02112026145015_Press_Release.pdf)
- [UPL Limited has submitted to the Exchange, the Unaudited Consolidated and Standalone financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/UPL_02112026144604_Results.pdf)
- [UPL Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/UPL_02112026145220_Investor_Presentation.pdf)
- [UPL Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors](https://nsearchives.nseindia.com/corporate/UPL_02112026153111_Other_outcome_of_Board_meeting.pdf)
- [UPL Limited has informed the Exchange regarding Appointment of Mr Shatmanyu Shrivastava as Non-Executive, Non-Independent Director of the company w.e.f. November 02, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/UPL_02112026153430_Other_outcome_of_Board_meeting.pdf)
- [UPL Limited has informed the Exchange regarding Appointment of Mr Sameer Tandon as Senior Management Personnel of the company w.e.f. November 02, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/UPL_02112026153604_Other_outcome_of_Board_meeting.pdf)

### Fundamentals

UPL’s Q2 FY2026-27 (Sep 2026) marks a decisive return to profitability, with Net Profit surging to ₹452 crore from a ₹73 crore loss in Q1. Operating Profit expanded sequentially to ₹2,068 crore, driven by higher Sales of ₹11,860 crore, though YoY sales growth turned negative at -1%. Earnings quality remains robust, evidenced by CFO/EBITDA of 93% for the year ended Mar 2026 and a significant reduction in Interest costs to ₹3,281 crore (TTM). The balance sheet shows deleveraging progress: Borrowings fell to ₹23,576 crore by Mar 2026 before rising to ₹34,240 crore in Sep 2026, while Non-current Liabilities dropped sharply to ₹14,559 crore. ROCE improved to 10% in Mar 2026, but Working Capital Days compressed to just 5 days, suggesting aggressive working capital management or potential inventory buildup risks given Inventory Days rose to 179 days. Foreign Institutional Investors increased their stake to 42.36%, signaling renewed confidence.

- Q2 FY2026-27 Net Profit rebounded to ₹452 crore from a Q1 loss of ₹73 crore, with Operating Profit reaching ₹2,068 crore.
- Sales grew sequentially to ₹11,860 crore but declined 1% YoY; TTM sales stand at ₹52,645 crore.
- Interest expenses decreased to ₹3,281 crore (TTM), and ROCE improved to 10% (Mar 2026), though Working Capital Days compressed to 5 days.
- FIIs increased holdings to 42.36% in Sep 2026, while Promoter holding remained stable at 33.5%.

### Bear Case

UPL faces a challenging operational and market environment, marked by significant profitability declines and technical weakness. For Q2 FY27, consolidated net profit fell 26.14% year-on-year to ₹452 crore, driven by a 1.32% reduction in total income despite growth in specialty chemicals and seeds. Another reporting instance cites a 24% YoY profit drop to ₹421 crore with rising EBITDA, highlighting volatility in earnings quality. The stock has underperformed broadly, recording a -33.6% year-to-date return and a -27.1% one-year return, with a current drawdown of -33.6% against a maximum drawdown of -40.3%. Technical indicators show mixed signals: while the daily supertrend is bullish, the weekly and monthly trends are bearish, with the minus DI exceeding the plus DI on both timeframes. A Motilal Oswal rating of 'Neutral' with a target of ₹580 suggests limited upside from the recent close of ₹534.9.

- Q2 FY27 net profit declined 26.14% YoY to ₹452 crore due to lower sales, with another report noting a 24% drop to ₹421 crore, indicating inconsistent earnings performance.
- Stock returns remain deeply negative, with a -33.6% YTD decline and -27.1% over the past year, accompanied by a current drawdown of -33.6%.
- Weekly and monthly technical trends are bearish (supertrend down), with ADI values of 27.05 and 21.05 respectively, suggesting sustained downward pressure.
- Motilal Oswal maintains a Neutral rating with a ₹580 target, reflecting a cautious outlook on near-term price appreciation potential.

- [Stock market today: Suzlon, PB Fintech, PFC, Mazagon among 17 stocks that may see short covering](https://www.businesstoday.in/markets/stocks/story/stock-market-today-suzlon-pb-fintech-pfc-mazagon-among-17-stocks-that-may-see-short-covering-565792-2026-11-05)
- [Neutral UPL; target of Rs 580: Motilal Oswal](https://www.moneycontrol.com/news/business/neutral-upl-target-of-rs-580-motilal-oswal-14067750.html)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [UPL Q2 profit falls 26 pc to Rs 452 crore on lower sales](https://ianslive.in/upl-q2-profit-falls-26-pc-to-rs-452-crore-on-lower-sales--20261102173048)
- [UPL Q2 Results: Net profit falls 24% YoY to ₹421 crore, EBITDA rises 5%](https://www.cnbctv18.com/market/upl-q2-results-net-profit-falls-ebitda-rises-share-price-reaction-20024944.htm)
- [UPL Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/UPL_06112026132547_SE__Intimation.pdf)
- [UPL Limited has informed the Exchange about Transcript of Earnings Conference Call for Q2 and H1 FY2027 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/UPL_06112026150056_transcript.pdf)
- [UPL Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2170_WebXMLFile_20261106_151004980.xml)
- [UPL Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/UPL_03112026120229_SE_Intimation.pdf)
- [UPL Limited has informed the Exchange regarding "Press release dated November 2, 2026, titled "Unaudited Financial Results for Q2 and H1 FY 2027" |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/UPL_02112026145015_Press_Release.pdf)

### FAQs

**How did UPL perform financially in Q2 FY27, and what drove the results?**

For the quarter ended September 30, 2026, UPL reported consolidated net profit of ₹421 crore to ₹452 crore, a decline of 24% to 26.14% year-on-year. Revenue was ₹11,860 crore, down 1% YoY, while EBITDA rose 5% to ₹2,312 crore with a margin of 19.5%. Management attributed revenue stability to favorable foreign exchange movements offsetting lower global crop protection volumes, while Specialty Chemicals and Seeds segments showed growth.

**What strategic moves is UPL making in its seed business?**

UPL’s subsidiary, Advanta, has agreed to acquire approximately 99.98% of Egypt-based Misr Hytech Seed International for about $110 million. The transaction is expected to complete on or before January 31, 2027, subject to regulatory approvals. This acquisition aligns with management's noted strong growth in the seeds segment during Q2 FY27.

**What are the current technical price levels and trends for UPL stock?**

As of November 6, 2026, UPL closed at ₹534.90. The daily trend is bullish with resistance at ₹542.43 and support near ₹534.47. However, weekly and monthly trends remain bearish. Over the past year, the stock has declined by 27.1%, with a year-to-date return of -33.6% and a maximum drawdown of -40.3%.

**Are there any recent analyst views or market activity signals for UPL?**

Motilal Oswal has assigned a neutral rating to UPL with a target price of ₹580. Additionally, Bajaj Broking identified UPL as a potential candidate for short-covering activity on November 5, citing elevated open interest alongside weak price action. These observations are informational and do not constitute investment advice.

- [Stock market today: Suzlon, PB Fintech, PFC, Mazagon among 17 stocks that may see short covering](https://www.businesstoday.in/markets/stocks/story/stock-market-today-suzlon-pb-fintech-pfc-mazagon-among-17-stocks-that-may-see-short-covering-565792-2026-11-05)
- [Neutral UPL; target of Rs 580: Motilal Oswal](https://www.moneycontrol.com/news/business/neutral-upl-target-of-rs-580-motilal-oswal-14067750.html)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [UPL Q2 profit falls 26 pc to Rs 452 crore on lower sales](https://ianslive.in/upl-q2-profit-falls-26-pc-to-rs-452-crore-on-lower-sales--20261102173048)
- [UPL Q2 Results: Net profit falls 24% YoY to ₹421 crore, EBITDA rises 5%](https://www.cnbctv18.com/market/upl-q2-results-net-profit-falls-ebitda-rises-share-price-reaction-20024944.htm)
- [UPL Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/UPL_06112026132547_SE__Intimation.pdf)
- [UPL Limited has informed the Exchange about Transcript of Earnings Conference Call for Q2 and H1 FY2027 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/UPL_06112026150056_transcript.pdf)
- [UPL Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2170_WebXMLFile_20261106_151004980.xml)
- [UPL Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/UPL_03112026120229_SE_Intimation.pdf)
- [UPL Limited has informed the Exchange regarding "Press release dated November 2, 2026, titled "Unaudited Financial Results for Q2 and H1 FY 2027" |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/UPL_02112026145015_Press_Release.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹528.28
- Risk regime: Higher Price Risk

### Support levels
- 533.6875
- 504.65
- 494.05

### Resistance levels
- 560.209375
- 627.9681640625
- 650.0015625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.60% |
| return_10 | +5.16% |
| return_1m | +4.97% |
| return_1y | -27.06% |
| return_20 | +11.19% |
| return_3m | -6.61% |
| return_5 | +4.20% |
| return_6m | -18.95% |
| return_since_start | +6.87% |
| return_ytd | -33.58% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -40.27% |
| annualized_volatility | +31.63% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# UPL Limited FY2026-27 Q2: Revenue rebounds sequentially

UPL’s consolidated revenue from operations rose 16.5% quarter on quarter to ₹11,860 crore in Q2 FY2026-27, and profit for the period was ₹452 crore after a ₹73 crore loss in Q1. Year on year, revenue slipped 1.3% and profit for the period declined from ₹612 crore; profit before tax was also lower, at ₹747 crore versus ₹838 crore.

## Revenue and expenses

Revenue from operations increased by ₹1,679 crore from ₹10,181 crore in Q1 FY2026-27. Expenses rose by ₹883 crore to ₹11,298 crore, while finance costs eased to ₹819 crore from ₹852 crore. Compared with Q2 FY2025-26, revenue was down from ₹12,019 crore and expenses declined from ₹11,573 crore; finance costs increased from ₹784 crore.

## Profitability and tax

Profit before exceptional items and tax was ₹748 crore, compared with a loss of ₹17 crore in Q1 FY2026-27 and ₹696 crore in Q2 FY2025-26. Profit before tax was ₹747 crore, versus a loss of ₹26 crore in the previous quarter and profit of ₹838 crore a year earlier. Tax expense was ₹163 crore, compared with a tax credit of ₹36 crore in Q1.

Profit for the period was ₹452 crore, against a loss of ₹73 crore in Q1 and profit of ₹612 crore in Q2 FY2025-26. Profit from continuing operations was ₹584 crore. Comprehensive income totalled ₹733 crore, including other comprehensive income of ₹281 crore.

## Balance sheet and cash position

At 30 September 2026, cash and cash equivalents stood at ₹3,268 crore, down from ₹5,975 crore at 31 March 2026 and ₹4,058 crore at 30 September 2025. Inventories were ₹20,165 crore, up from ₹12,676 crore at 31 March 2026 and ₹16,193 crore at 30 September 2025. Trade receivables were ₹18,637 crore, compared with ₹17,874 crore at 31 March 2026; current trade payables were ₹14,046 crore.

Total assets were ₹1,01,022 crore, with liabilities of ₹59,604 crore and equity of ₹41,418 crore. Goodwill stood at ₹23,194 crore.

## Key Takeaway

Q2 brought a sequential recovery in revenue and a return to profit after Q1’s loss, but year-on-year revenue and profit for the period remained lower. Cash balances were also below both the March 2026 and September 2025 levels, while inventories had increased against both dates.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +33.51%
- FII holding: +42.39%
- DII holding: +14.32%
- Mutual fund holding: +8.57%
- Retail holding: +5.65%
- Promoter pledged: +0.00%

### Major reported shareholders

- Nerka Chemicals Pvt Ltd — +21.41% (Bodies Corporate)
- Uniphos Enterprises Limited — +4.94% (Bodies Corporate)
- ICICI Prudential India Opportunities Fund — +3.69%
- Life Insurance Corporation Of India — +3.48%
- SBI Contra Fund — +1.86%
- Suresight Ventures Limited — +1.74% (Overseas Corporate Bodies)
- MFS International Growth Fund — +1.66%
- Harmonic Ventures Limited — +1.61% (Overseas Corporate Bodies)
- Pzena Emerging Markets Value Fund — +1.49%
- Jaidev Rajnikant Shroff — +1.37%

## Official filings

- 2026-11-06 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_06112026132547_SE__Intimation.pdf)
- 2026-11-06 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_06112026150056_transcript.pdf)
- 2026-11-06 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2170_WebXMLFile_20261106_151004980.xml)
- 2026-11-03 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_03112026120229_SE_Intimation.pdf)
- 2026-11-02 — Press Release: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_02112026145015_Press_Release.pdf)
- 2026-11-02 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_02112026144604_Results.pdf)
- 2026-11-02 — Earnings Presentation: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_02112026145220_Investor_Presentation.pdf)
- 2026-11-02 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_02112026153111_Other_outcome_of_Board_meeting.pdf)
- 2026-11-02 — Management Change: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_02112026153430_Other_outcome_of_Board_meeting.pdf)
- 2026-11-02 — Management Change: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_02112026153604_Other_outcome_of_Board_meeting.pdf)
- 2026-11-02 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2170_WebXMLFile_20261102_154741814.xml)
- 2026-11-02 — Financial Results Filing: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751155_02112026050321_WEB.xml)
- 2026-11-02 — Financial Results Filing: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751185_02112026052013_WEB.xml)
- 2026-11-02 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_02112026182047_Audio_Call.pdf)
- 2026-11-02 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2170_WebXMLFile_20261102_182454703.xml)
- 2026-10-26 — Board Meeting Notice: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_26102026161713_BMIntimation_Letter.pdf)
- 2026-10-26 — Board Meeting Notice: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2170_WebXMLFile_20261026_162456753.xml)
- 2026-10-26 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_26102026162122_BMIntimation_Letter.pdf)
- 2026-10-26 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2170_WebXMLFile_20261026_162456753.xml)
- 2026-10-26 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2170_WebXMLFile_20261026_162743005.xml)
- 2026-10-16 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_16102026164529_Regulation_74_5_30092026_UPL.pdf)
- 2026-09-29 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/UPL_29092026121053_TradingwindowIntimation.pdf)
- 2026-09-29 — Generic Announcement: UPL Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2170_WebXMLFile_20260929_122714045.xml)
- 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)

## News and market events

- 2026-11-05 — BUSINESSTODAY: **Stock market today: Suzlon, PB Fintech, PFC, Mazagon among 17 stocks that may see short covering** — Bajaj Broking identified 17 F&O stocks, including Suzlon Energy, UPL, and PFC, as potential candidates for short-covering activity on November 5, citing a strong gap-up opening in Gift Nifty and derivative metrics showing elevated open interest alongside weak price action. The brokerage highlighted that stocks like UPL and Policybazaar exhibit positioning conditions that could trigger unwinding of short bets, while also noting breakout or resistance scenarios for other equities based on call open interest levels. Bajaj Broking cautioned that these observations are informational, do not constit — [Source](https://www.businesstoday.in/markets/stocks/story/stock-market-today-suzlon-pb-fintech-pfc-mazagon-among-17-stocks-that-may-see-short-covering-565792-2026-11-05)
- 2026-11-03 — MONEYCONTROL: **Neutral UPL; target of Rs 580: Motilal Oswal** — Motilal Oswal has assigned a neutral rating to UPL with a target price of Rs 580. The brokerage's assessment reflects its current outlook on the agrochemical company's stock performance. — [Source](https://www.moneycontrol.com/news/business/neutral-upl-target-of-rs-580-motilal-oswal-14067750.html)
- 2026-11-02 — CNBC-TV18: **Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term** — Indian equity markets extended their recovery with the Nifty reclaiming 23,400, driven by easing crude oil prices, positive global cues, and strong corporate earnings that boosted investor sentiment. Analysts from HDFC Securities, LKP Securities, and Religare Broking view the underlying trend as sharply positive, identifying key resistance levels between 23,500 and 23,700 that could pave the way for a rally toward 24,000 if sustained. Market participants are expected to monitor developments in West Asia, crude price movements, and the outcome of the November 3 US midterm elections for further — [Source](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- 2026-11-02 — IANSLIVE.IN: **UPL Q2 profit falls 26 pc to Rs 452 crore on lower sales** — UPL Limited reported a 26.14% year-on-year decline in consolidated net profit to Rs 452 crore for Q2 FY27, driven by lower sales that reduced total income by 1.32%. Despite these headwinds, the company highlighted strong growth in its specialty chemicals and seeds segments, alongside an announced $110 million acquisition of Egypt-based Misr Hytech Seed International by its subsidiary Advanta. — [Source](https://ianslive.in/upl-q2-profit-falls-26-pc-to-rs-452-crore-on-lower-sales--20261102173048)
- 2026-11-02 — CNBC-TV18: **UPL Q2 Results: Net profit falls 24% YoY to ₹421 crore, EBITDA rises 5%** — UPL reported a 24% year-on-year decline in net profit to ₹421 crore for the September quarter, despite a 5% rise in EBITDA and improved operating margins. The company attributed revenue stability to favorable foreign exchange movements offsetting lower global crop protection volumes, while noting growth in its Specialty Chemicals and Seeds businesses. Management highlighted resilience in earnings quality and debt reduction efforts, even as UPL agreed to acquire a stake in Egypt-based Misr Hytech Seed International. — [Source](https://www.cnbctv18.com/market/upl-q2-results-net-profit-falls-ebitda-rises-share-price-reaction-20024944.htm)
- 2026-11-02 — FEEDS: **Stock Market Today: Sensex, Nifty Open Higher; ITC Q2, October Manufacturing PMI Eyed** — As many as 203 companies are scheduled to announce their September quarter (Q2 FY27) results on Monday, November 2, including key firms such as ITC, Marico, National Aluminium Company, and UPL. — [Source](https://www.ndtvprofit.com/markets/stock-market-live-updates-november-2-sensex-today-nifty-open-higher-itc-q2-earnings-nalco-october-auto-sales-manufacturing-pmi-eyed-12269280)
- 2026-11-02 — The Hindu: **Q2 Results Today Live: ITC, Marico, UPL, Petronet LNG, NLC, DOMS, Escorts Kubota, NALCO, MobiKwik, Wockhardt, Granules to announce Q2 results, Reliance, Jio Platforms, NTPC shares in focus** — Multiple listed Indian companies including ITC, Marico, UPL, Petronet LNG, NLC India, DOMS Industries, Escorts Kubota, National Aluminium Company, One Mobikwik Systems, and Wockhardt are scheduled to announce their Q2 fiscal year 2026 financial results on November 2, 2026. Shares of Reliance, Jio Platforms, and NTPC are also noted as being in focus during this period. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-itc-marico-upl-upl-petronet-lng-nlc-india-mobikwik-wockhardt-nalco-doms-ind-bosch-escorts-kubota-granules-lloyds-ril-jio-company-results-02-november-2026/article71652562.ece)
- 2026-11-02 — The Hindu: **Q2 Results Today Highlights: Marico, Petronet LNG & Granules Q2 profit surges, ITC, UPL , Wockhardt & Escorts Kubota PAT down, MobiKwik posts profit, Devyani International loss narrows** — Several listed companies reported their Q2FY27 standalone financial results, with Petronet LNG and Marico showing significant profit growth, while Escorts Kubota saw a decline in profit after tax. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-itc-marico-upl-upl-petronet-lng-nlc-india-mobikwik-wockhardt-nalco-doms-ind-bosch-escorts-kubota-granules-lloyds-ril-jio-company-results-02-november-2026/article71652562.ece)
- 2026-10-17 — The Hindu: **Rethinking rice: The low-methane path to food and climate security** — Reducing rice methane with AWD boosts yields and profits while advancing global food security and climate resilience through farmer-led innovation. — [Source](https://www.thehindubusinessline.com/economy/agri-business/rethinking-rice-the-low-methane-path-to-food-and-climate-security/article71592308.ece)
- 2026-10-17 — MONEYCONTROL: **Market posts strongest weekly rally since April as IT stocks lead** — Sensex, Nifty, Market Edge, Slideshow — [Source](https://www.moneycontrol.com/news/photos/business/markets/market-posts-strongest-weekly-rally-since-april-as-it-stocks-lead-14054255.html)
- 2026-10-16 — The Hindu: **UPL shares jump 5% on speciality chemical business prospects** — The brokerage said Superform is targeting revenue growth of 20–23% annually, with phosphorus and cyanide chemistries emerging as key growth drivers — [Source](https://www.thehindubusinessline.com/markets/stock-markets/upl-shares-jump-5-on-speciality-chemical-business-prospects/article71575691.ece)
- 2026-09-28 — MONEYCONTROL: **KKR-backed Advanta said to start road show for $400 million IPO** — KKR, Advanta, IPO, NSE, BSE, CitiGroup — [Source](https://www.moneycontrol.com/news/business/ipo/kkr-backed-advanta-said-to-start-road-show-for-400-million-ipo-14040084.html)
- 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)

## 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: 2026-11-06
- Source: Faxioms public stock analysis API

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