UPL Stock | Analysis for March 2026, Price & Rating

UPL

BSE:512070

Rp 625,40

Rp0,00 (0,00%)

625,40 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

UPL Stock Value

The analyst rating for UPL is currently Outperform.

Outperform

UPL Company Info

EPS Growth 5Y

-20,18%

Market Cap

Rp528,11 B

Long-Term Debt

Rp182,63 B

Annual earnings

05/12/2026 (E)

Dividend

Rp6,00

Dividend Yield

0,96%

Founded

1969

Industry

Materials

Country

India

Website

UPL

ISIN Number

INE628A01036

Website

http://www.upl-ltd.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp850,00

35.91%

Last Update: 03/28/2026

Analysts: 17

Highest Price Target Rp947,00

Average Price Target Rp850,00

Lowest Price Target Rp630,00

In the last five quarters, UPL’s Price Target has risen from Rp485,31 to Rp680,36 - a 40,19% increase. Eighteen analysts predict that UPL’s share price will increase in the coming year, reaching Rp850,00. This would represent an increase of 35,91%.

Top growth stocks in the materials sector (5Y.)

What does UPL do?

UPL Limited, together with its subsidiaries, engages in the provision of sustainable agriculture products and solutions. Business Segments The company operates through Crop Protection, Seeds Business, and Others. Crop Protection This segment is dedicated to producing a diverse range of crop protection chemicals designed to safeguard crops against pests, weeds, and diseases. The company is recognized for its commitment to developing innovative formulations and delivery systems that enhance th...

UPL Limited, together with its subsidiaries, engages in the provision of sustainable agriculture products and solutions.

Business Segments

The company operates through Crop Protection, Seeds Business, and Others.

Crop Protection

This segment is dedicated to producing a diverse range of crop protection chemicals designed to safeguard crops against pests, weeds, and diseases. The company is recognized for its commitment to developing innovative formulations and delivery systems that enhance the efficacy and safety of its products. The company invests significantly in research to develop new active ingredients and formulations, continuously expanding its product portfolio to meet the evolving needs of farmers.

Seeds Business

The seeds business segment has been established as a standalone entity focused on producing high-quality seeds for various crops. The company’s seeds are tailored to perform in specific climatic conditions and are developed using cutting-edge breeding techniques. The seeds business complements the crop protection segment by providing an integrated approach to agricultural solutions, enabling farmers to achieve optimal results across their entire crop cycle. As part of its growth strategy, the company emphasizes developing hybrid seeds and genetically modified organisms (GMOs) that offer enhanced resistance to pests and diseases.

Others

This segment covers non-agricultural products and services that the company offers, expanding its market reach beyond traditional agricultural solutions. This includes products and services aimed at various sectors, leveraging the company’s expertise in chemistry and technology. The company’s commitment to sustainability is evident across all segments, as it continuously explores innovative practices that promote environmental stewardship and resource efficiency.

Business Strategy

The company’s business strategy is firmly rooted in its commitment to innovation and sustainability. At the core of the company’s strategy is the drive to enhance agricultural productivity through innovative solutions that are both effective and environmentally friendly. The company recognizes the significance of sustainable agriculture, not only for current food production but also for future generations. Therefore, it prioritizes research and development efforts aimed at producing bio-based products, biocontrol agents, and other sustainable solutions.

In summary, the company’s business strategy is characterized by a focus on innovation, sustainability, customer engagement, geographical expansion, and digital transformation. The company is poised to navigate the complexities of the agricultural landscape while contributing positively to global food security.

Products and Services

The company offers a wide array of products and services that cater to the diverse needs of the agricultural sector. The product portfolio encompasses various chemistries, including herbicides, fungicides, insecticides, and plant growth regulators that are geared towards protecting crops from pests and diseases.

In the Crop Protection category, the company’s products are formulated to address various agricultural challenges, ensuring that crops are safeguarded throughout their growth cycles. The company specializes in both synthetic and bio pesticide formulations, enabling farmers to select products according to their specific environmental concerns and regulatory requirements.

In the Seeds Business, the company focuses on high-performance seeds that are engineered to thrive in diverse climatic conditions. The extensive range of seeds includes cereals, pulses, and oilseeds, among others, each designed to maximize yield and quality. The company’s commitment to seed innovation ensures that farmers receive genetically superior seeds that offer resistance to biotic and abiotic stresses, enhancing productivity and sustainability in crop production.

Additionally, the company provides value-added services, including agronomic support and advisory services, to assist farmers in optimizing their crop management practices. This support includes educating farmers about best practices, pest identification, and the effective application of crop protection products.

In terms of non-agricultural solutions, the company also offers products that extend beyond traditional farming, targeting industries such as horticulture and landscaping. These products are designed to promote plant health and growth while adhering to sustainable practices.

The company’s commitment to research involves ongoing collaboration with academic and industry experts to develop innovative solutions that address the pressing challenges of modern agriculture. This dedication enhances the company's capacity to respond effectively to emerging needs in the agricultural landscape.

Geographical Markets Served

The company operates in a multitude of geographical markets, reflecting its position as a global player in the agricultural solutions sector. The company’s diversified market presence strengthens its ability to cater to unique regional needs while optimizing its operational efficiencies.

The company’s presence extends across Europe, North America , Latin America Rest of the World (ROW) market, encompassing various emerging markets where agricultural development is a priority. The company’s approach in these regions is characterized by an emphasis on local knowledge, regional partnerships, and a commitment to sustainability.

Seasonality

The company experiences seasonal influences in its operations, particularly due to the agricultural cycle that characterizes the farming industry. Agricultural activities are largely dictated by seasonal factors, including planting and harvesting periods, which impact the demand for crop protection products and seeds.

Customers

The company serves a diverse range of customers within the agricultural sector, including individual farmers, cooperatives, agricultural distributors, and large agribusinesses. The company’s customer base spans various categories, reflecting its broad array of product offerings and geographical reach.

Farmers constitute the primary customer segment, with the company actively engaging with both smallholders and commercial farming operations. The company focuses on understanding the unique challenges and requirements of its farmer customers, ensuring that its solutions effectively enhance productivity and address pest management concerns.

Modes of Sales and Marketing

The company utilizes a comprehensive approach to sales and marketing, with strategies tailored to the agricultural sector's unique characteristics. The company implements a multi-channel distribution network that ensures its products are readily available to farmers and agricultural businesses across various regions.

Direct sales comprise one mode of operation, where the company engages with key customers and distributors to provide tailored solutions. The company invests in building strong relationships with local distributors who possess intimate knowledge of regional agricultural practices, ensuring that the company’s products are effectively promoted and sold.

History

UPL Limited was founded in 1969. The company was incorporated in 1985. The company was formerly known as United Phosphorus Limited and changed its name to UPL Limited in 2013.

UPL Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Crop protection: approx. 70% - Seeds and biotechnology: approx. 15% - Environmental solutions and others: approx. 15% **TOP 3 markets and their percentage shares:** - India: approx. 25% - Brazil: approx. 20% - USA: approx. 15% UPL Limited is a leading company...

At which locations are the company’s products manufactured?

**Production sites of UPL Limited:** UPL Limited operates production facilities in over 20 countries worldwide. The main production sites are located in: - **India:** Several large production plants are located here, as India is the company's headquarters. - **Brazil:** One of the largest mar...

What strategy does UPL pursue for future growth?

**Revenue Growth:** Estimated at 8-10% annually (2025-2027) UPL Limited pursues a strategy focused on sustainable agriculture and innovation. The company heavily invests in research and development to develop new, environmentally friendly crop protection products and solutions for agriculture. Ano...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Agrochemicals, intermediates, raw materials for plant protection products **Countries of Origin:** China, USA, Europe, Brazil UPL Limited is a leading company in the field of agrochemicals and plant protection products. The company imports a variety of raw material...

How strong is the company’s competitive advantage?

**Market share:** 8% (estimated 2025) **EBITDA margin:** 20% (2024) **R&D expenses:** 6% of revenue (2024) UPL Limited has a significant competitive advantage, which is manifested through its strong market position and innovation capabilities. With an estimated market share of 8% in the glo...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 36% (2025, estimate based on 2023 trends) **Insider Buys/Sells:** No significant transactions reported in the last year (2025, estimate) The institutional investor share in UPL Limited is estimated to be around 36%, based on the latest available data and trends fr...

What percentage market share does UPL have?

**Market Share of UPL Limited:** 8% (2025, estimated) **Top Competitors and Their Market Shares:** 1. Bayer AG: 15% 2. Syngenta Group: 12% 3. BASF SE: 10% 4. Corteva Agriscience: 9% 5. UPL Limited: 8% 6. FMC Corporation: 7% 7. ADAMA Ltd.: 6% 8. Nufarm Limited: 5% 9. Sumitomo Chemical: 4% 10. Arysta...

Is UPL stock currently a good investment?

**Revenue Growth:** 8.5% (2024) **EBITDA Margin:** 21.0% (2024) **Debt-to-Equity Ratio:** 0.9 (2024) UPL Limited achieved a revenue growth of 8.5% in 2024, attributed to strong demand for its agricultural chemicals and successful expansion into new markets. The EBITDA margin of 21.0% indicates that...

Does UPL pay a dividend – and how reliable is the payout?

**Dividend yield:** 1.5% (2024) **Dividend growth:** 5% annually (last 3 years) UPL Limited has regularly paid dividends in recent years. The dividend yield is currently around 1.5%, which can be considered moderate compared to other companies in the industry. The company has recorded a consistent...

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UPL Stock Value

UPL Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does UPL do?

UPL Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

UPL Stock Value

UPL Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does UPL do?

UPL Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.