UPL
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The Current P/E Ratio of UPL is 17.50.
| Share Price | ₹525.8 | Nov 05,2026 |
| Market Cap | ₹44,388.0 Cr | |
| Earnings-TTM | ₹2,536.0 Cr | TTM-Consolidated Results |
| Price/Earnings | 17.50x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of UPL
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹44,388.0 Cr] as on Nov 05,2026
(/) Earnings [ ₹2,536.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 17.50x ]
Thus, for UPL , the investors are currently willing to pay 17.50 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 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 Ratio | Market Cap |
|---|---|---|---|
| UPL | 2,536.00 | 17.50 | 44,388.0 |
| PI INDUSTRIES LTD | 871.70 | 30.88 | 26,919.3 |
| SUMITOMO CHEMICAL INDIA LTD | 559.03 | 29.21 | 16,332.0 |
| BAYER CROPSCIENCE LTD | 745.60 | 19.90 | 14,837.9 |
| SHARDA CROPCHEM LTD | 643.58 | 9.48 | 6,099.8 |
| RALLIS INDIA LTD | 197.00 | 18.98 | 3,739.6 |
| DHANUKA AGRITECH LTD | 333.74 | 12.41 | 4,142.9 |
| NACL INDUSTRIES LTD | 12.37 | 253.65 | 3,137.7 |
| BHAGIRADHA CHEMICALS & INDUSTRIES LTD | 27.43 | 92.89 | 2,548.0 |
| BHARAT RASAYAN LTD | 135.90 | 12.02 | 1,633.1 |
| INSECTICIDES (INDIA) LTD | 124.81 | 12.76 | 1,592.4 |
Pesticides & Agrochemicals Industry Benchmark (Top 10) PE Analysis vs UPL 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 9.48x |
| Max industry PE | 253.65x |
| Median industry PE | 18.98x |
| Average industry PE | 46.34x |
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