UPL cash flow

Latest FY26
Cash from operations
₹7,855cr−22.6% on FY25
Capital spending
₹2,406cr+41.9% on FY25
Free cash flow
₹5,449cr−35.6% on FY25
Cash from financing
−₹9,883cr−₹4,793 cr in FY25
₹ crore except per share
Tap a line for its trendLast 12Mto Jun 2026FY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
Adjustments to reconcile profit — non-cash items
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
—3,2442,7502,7632,547
—7502400.00.0
—3,4013,6273,8522,984
—−496−346−445−330
—0.00.00.08.0
—0.00.07.0133
—0.00.00.0−21.0
—−651−58.0−96.069.9
Changes in working capital
—−2,3602,4601,208−902
—−4,5005601,435−2,125
—0.00.052.00.0
—0.00.01.0−9.0
—0.00.0142−235
—0.00.043.0186
—5,687600−2,615139
—0.00.017061.0
—0.00.0−2930.0
—0.00.0−1,3871,492
—0.00.0−196−136
—0.00.0169158
Cash from operating activities
3,5333,3511,301−1,8454,993
—5,0759,8334,8104,020
—8,42611,1342,9659,013
—5719831,1431,262
—7,85510,1511,8227,751
Cash from investing activities
—1,6668131,1591,672
—740882836688
—53.044041.071.0
—65.09.00.00.0
—25.00.00.00.0
—0.00.0881619
—0.00.00.01,107
—22.06800.00.0
—0.00.047.00.0
—0.00.013656.0
—1620.00.00.0
—27521.026.030.0
—512299322184
—−572−21698.0153
—−2,362−1,840−2,478−1,490
Cash from financing activities
—1,7001,6330.00.0
—3,4090.00.00.0
—0.02,8630.00.0
—0.00.00.01,994
—5750.06,4666,163
—4,7425,3541,66110,758
—6415304340.0
———0.0370
—2,8793,3283,4052,345
—48777.0749750
—0.00.0−53.03,827
—−9,883−4,793164−6,227
—−4,3903,518−49234.0
—88717.0468136
—−3,5033,535−24.0170
———5,9435,967
Reference items
9,3269,2727,6004,53910,196
17.7%17.9%16.3%10.5%19.0%
5,4495,4498,456−1735,391
—9024041,861—
₹64.49₹64.49₹100.07−₹2.05₹63.80
8.40×————
—3.54×12.38×−0.97×1.76×
—5719831,1431,262
—2,8793,3283,4052,345
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

UPL₹541.95

UPL Ltd.

· Chemicals
₹ CrorePeersPIINDSUMICHEMRALLISCOROMANDELSRFSOLARINDSPIDILITINDBASFMcap ₹45,795 Cr
View
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Last 12M
30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation2,547.02,763.02,750.03,244.0—
+ Impairment Loss / (Reversal)0.00.0240.0750.0—
+ Finance Costs2,984.03,852.03,627.03,401.0—
+ Interest Income-330.0-445.0-346.0-496.0—
+ Fair Value (Gains) / Losses8.00.00.00.0—
+ Share-based Payments133.07.00.00.0—
+ Unrealised FX (Gain) / Loss-21.00.00.00.0—
+ Other Non-cash Items69.9-96.0-58.0-651.0—
Changes in Working Capital
+ Inventories-902.01,208.02,460.0-2,360.0—
+ Trade Receivables — Current-2,124.91,435.0560.0-4,500.0—
+ Trade Receivables — Non-current0.052.00.00.0—
+ Other Financial Assets — Non-current-9.01.00.00.0—
+ Other Current Assets-235.0142.00.00.0—
+ Other Non-current Assets186.043.00.00.0—
+ Trade Payables — Current139.0-2,615.0600.05,687.0—
+ Other Financial Liabilities — Current61.0170.00.00.0—
+ Other Financial Liabilities — Non-current0.0-293.00.00.0—
+ Other Current Liabilities1,492.0-1,387.00.00.0—
+ Provisions — Current-136.0-196.00.00.0—
+ Provisions — Non-current158.0169.00.00.0—
Cash from Operating Activities
Profit Before Tax (per I/S)4,993.0-1,845.01,301.03,351.03,533.0
+ Total Adjustments (incl. Working Capital)4,020.04,810.09,833.05,075.0—
Cash from Operations (pre-tax)9,013.02,965.011,134.08,426.0—
+ Income Taxes Paid1,262.01,143.0983.0571.0—
Cash from Operating Activities7,751.01,822.010,151.07,855.0—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)1,672.01,159.0813.01,666.0—
+ Acq of Intangible Assets688.0836.0882.0740.0—
+ Disp of Fixed Assets71.041.0440.053.0—
+ Acq of Other Long-term Assets0.00.09.065.0—
+ Disp of Other Long-term Assets0.00.00.025.0—
+ Purchase of Investments (Equity / Debt)619.0881.00.00.0—
+ Sale of Investments (Equity / Debt)1,107.00.00.00.0—
+ Acq of Interests in Joint Ventures0.00.0680.022.0—
+ Disp of Interests in Joint Ventures0.047.00.00.0—
+ Acq of Subsidiaries / Businesses (net)56.0136.00.00.0—
+ Loans & Advances Made0.00.00.0162.0—
+ Dividends Received — Investing30.026.021.0275.0—
+ Interest Received — Investing184.0322.0299.0512.0—
+ Other Inflows / (Outflows) — Investing153.098.0-216.0-572.0—
Cash from Investing Activities-1,490.0-2,478.0-1,840.0-2,362.0—
Cash from Financing Activities
+ Proceeds from Issue of Shares0.00.01,633.01,700.0—
+ Payments for Other Equity Instruments0.00.00.03,409.0—
+ Proceeds — Change in Ownership of Subsidiaries0.00.02,863.00.0—
+ Payments — Change in Ownership of Subsidiaries1,994.00.00.00.0—
+ Proceeds from Borrowings6,163.06,466.00.0575.0—
+ Repayment of Borrowings10,758.01,661.05,354.04,742.0—
+ Payment of Lease Liabilities0.0434.0530.0641.0—
+ Payment of Finance Lease Liabilities370.00.0———
+ Interest Paid2,345.03,405.03,328.02,879.0—
+ Dividends Paid750.0749.077.0487.0—
+ Other Inflows / (Outflows) — Financing3,827.0-53.00.00.0—
Cash from Financing Activities-6,227.0164.0-4,793.0-9,883.0—
Net Changes in Cash (pre-FX)34.0-492.03,518.0-4,390.0—
+ Effect of FX Rate Changes on Cash136.0468.017.0887.0—
Net Changes in Cash170.0-24.03,535.0-3,503.0—
Closing Cash5,967.05,943.0———
Reference Items
EBITDA10,196.04,539.07,600.09,272.09,326.0
EBITDA Margin %19.0310.5316.3017.8917.66
Free Cash Flow (CFO − Capex)5,391.0-173.08,456.05,449.05,449.0
Free Cash Flow to Equity—1,861.0404.0902.0—
Free Cash Flow per Basic Share63.80-2.05100.0764.4964.49
Price to Free Cash Flow————8.40
Cash Flow to Net Income1.76-0.9712.383.54—
Cash Paid for Taxes1,262.01,143.0983.0571.0—
Cash Paid for Interest2,345.03,405.03,328.02,879.0—
As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.