UPL
|
The Current P/B Ratio of UPL is 1.26.
| Share Price | ₹517.6 | Oct 27,2026 |
| Market Cap | ₹43,691.6 Cr | |
| Book Value | ₹34,696.0 Cr | Mar2026 - Consolidated Results |
| Price/Book | 1.26x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of UPL
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹43,691.6 Cr] as on Oct 27,2026
(/) Book Value [ ₹34,696.0 Cr] based on Mar2026 - Consolidated Results
(=) P/B Ratio [ 1.26x ]
Thus, for UPL , the investors are currently willing to pay '1.26 times book value' to own 1 share of the company.
PB Multiples are one of the most widely used valuation multiple in industry.
Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.
In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of UPL !
The chart below summarizes the trend in P/B Ratio of UPL over the last five years.
Historical PB (Price/Book ) ratio chart of UPL
PB Ratio Performance Analysis for UPL
- UPL 's p/b ratio for fiscal years ending Mar2026 to Mar2022 averaged 1.84x.
- UPL 's operated at median p/b ratio of 1.73x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, UPL 's p/b ratio peaked in Mar2022 at 2.72x.
- UPL 's p/b ratio hit its five-year low in Mar2026 of 1.38x.
How does UPL 's P/B Ratio benchmark against top 10 peers in Pesticides & Agrochemicals Industry?
| Peer Comparison (Pesticides & Agrochemicals Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| UPL | 34,696.00 | 1.26 | 43,691.6 |
| PI INDUSTRIES LTD | 11,227.40 | 2.82 | 31,693.9 |
| SUMITOMO CHEMICAL INDIA LTD | 3,389.67 | 5.00 | 16,941.0 |
| BAYER CROPSCIENCE LTD | 2,965.70 | 4.94 | 14,657.6 |
| SHARDA CROPCHEM LTD | 3,136.49 | 1.86 | 5,844.5 |
| RALLIS INDIA LTD | 2,042.97 | 1.81 | 3,697.8 |
| DHANUKA AGRITECH LTD | 1,402.72 | 2.75 | 3,852.2 |
| NACL INDUSTRIES LTD | 681.61 | 3.89 | 2,648.1 |
| BHAGIRADHA CHEMICALS & INDUSTRIES LTD | 698.32 | 3.75 | 2,618.7 |
| BHARAT RASAYAN LTD | 1,274.74 | 1.22 | 1,558.1 |
| INSECTICIDES (INDIA) LTD | 1,220.41 | 1.23 | 1,498.1 |
Pesticides & Agrochemicals Industry Benchmark (Top 10) PB Analysis vs UPL 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.22x |
| Max industry PB | 5.00x |
| Median industry PB | 2.75x |
| Average industry PB | 2.78x |
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