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UPL
PE (Price/Earnings) Ratio

The Current P/E Ratio of UPL is 16.38.

Share Price ₹507.9Oct 06,2026
Market Cap ₹42,872.7 Cr
Earnings-TTM₹2,618.0 CrTTM-Consolidated Results
Price/Earnings16.38xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of UPL

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of UPL is calculated as :

Current Market Cap [ ₹42,872.7 Cr] as on Oct 06,2026

(/) Earnings [ ₹2,618.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 16.38x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for UPL , the investors are currently willing to pay 16.38 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of UPL !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of UPL over the last five years.

Historical PE (Price/Earnings) ratio chart of UPL


PE Ratio Performance Analysis for UPL

- UPL 's latest p/e ratio is 16.38x.

- UPL 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 22.41x.

- UPL 's operated at median p/e ratio of 16.24x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, UPL 's p/e ratio peaked in Mar2025 at 56.39x.

- UPL 's p/e ratio hit its five-year low in Mar2024 of 0x.


How does UPL 's P/E Ratio benchmark against top 10 peers in Pesticides & Agrochemicals Industry?

Peer Comparison (Pesticides & Agrochemicals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
UPL 2,618.0016.3842,872.7
PI INDUSTRIES LTD1,160.2029.4234,136.6
SUMITOMO CHEMICAL INDIA LTD579.3936.0520,889.2
BAYER CROPSCIENCE LTD732.1021.7015,885.9
SHARDA CROPCHEM LTD626.2110.676,684.4
RALLIS INDIA LTD214.0018.223,899.1
DHANUKA AGRITECH LTD296.9613.624,045.3
NACL INDUSTRIES LTD12.37258.583,198.6
BHAGIRADHA CHEMICALS & INDUSTRIES LTD27.53113.273,117.9
BHARAT RASAYAN LTD135.9012.201,657.6
INSECTICIDES (INDIA) LTD124.8113.641,703.0

Pesticides & Agrochemicals Industry Benchmark (Top 10) PE Analysis vs UPL 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.67x
Max industry PE 258.58x
Median industry PE 18.22x
Average industry PE 49.43x



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