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UPL stock: key metrics
UPL.NSUPL had an operating margin of 13.7% and a return on invested capital (ROIC) of 9% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 14 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 66.0% | 18.3% | 11.2% |
| 2008 | 64.1% | 16.6% | 7.4% |
| 2009 | 64.9% | 16.6% | 9.7% |
| 2010 | 31.2% | 15.5% | 9.7% |
| 2011 | 63.6% | 15.3% | 10.2% |
| 2012 | 60.6% | 14.6% | 7.9% |
| 2013 | 62.3% | 14.5% | 8.2% |
| 2014 | 64.1% | 15.8% | 8.9% |
| 2015 | 65.2% | 16.2% | 9.5% |
| 2016 | 64.6% | 14.2% | 6.8% |
| 2017 | 66.8% | 16.0% | 10.7% |
| 2018 | 68.7% | 16.7% | 11.8% |
| 2019 | 63.5% | 14.8% | 6.9% |
| 2020 | 61.0% | 14.6% | 5.0% |
| 2021 | 49.4% | 16.8% | 7.5% |
| 2022 | 51.3% | 17.0% | 7.9% |
| 2023 | 48.0% | 16.5% | 6.7% |
| 2024 | 41.9% | 6.7% | −2.8% |
| 2025 | 47.0% | 12.1% | 1.9% |
| 2026 | 32.6% | 13.7% | 3.7% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 17.2% | 11.7% | 5.4% |
| 2008 | 11.6% | 15.9% | 4.9% |
| 2009 | 17.4% | 19.9% | 7.2% |
| 2010 | 17.2% | 17.4% | 7.4% |
| 2011 | 15.6% | 18.2% | 7.0% |
| 2012 | 14.3% | 15.6% | 5.8% |
| 2013 | 16.0% | 14.5% | 6.0% |
| 2014 | 18.1% | 18.1% | 7.4% |
| 2015 | 19.5% | 20.2% | 8.0% |
| 2016 | 16.0% | 18.5% | 5.5% |
| 2017 | 23.3% | 22.2% | 8.5% |
| 2018 | 22.1% | 21.2% | 8.8% |
| 2019 | 10.1% | 9.9% | 2.4% |
| 2020 | 9.2% | 9.1% | 2.5% |
| 2021 | 13.7% | 12.1% | 4.1% |
| 2022 | 14.7% | 14.9% | 4.4% |
| 2023 | 12.0% | 14.7% | 4.0% |
| 2024 | −4.8% | 4.1% | −1.4% |
| 2025 | 2.8% | 10.2% | 1.0% |
| 2026 | 5.5% | 9.0% | 2.0% |
Data status and sources
- Score
- Daily value of 14 Nov 2026, recalculated nightly
- Price
- Closing price of 13 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 13 Nov 2026 ($1 = ₹94.2431)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 27 Feb 2026)
- Valuation signal Fairly valued since 14 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.