Why UPL Stock has not fallen despite a steep Decline in the Stock market?

UPL Stock is in focus after it has not fallen despite all major indices having declined significantly. Instead, the stock has given a Year-to-date return of 26 Percent.

Stock Price Movement

With a market capitalization of Rs. 50,170 Crore, UPL is trading at the highest level on a year-to-date basis, gaining 26 percent, irrespective of a major market decline. But since 2021, the stock has not given any meaningful return to the investors.

Reason for rise in Stock Price

Company had posted stellar Q3FY25 results, that were driven by healthy growth in both the price and volume, they also witnessed strong demand across Key sectors and markets. Company has also launched new products and improved their existing products that are supporting their revenue growth and have delivered a net profit after 2 consecutive quarters of net losses.

In Budget 2025, the Finance Minister Nirmala Sitharaman announced a new scheme, Prime Minister Dhan-Dhaanya Krishi Yojana to boost agricultural productivity. The Scheme will cover 100 low-productivity districts, which aims to enhance crop diversification, sustainable farming, irrigation, storage, and credit access.

 It is expected to benefit around 1.7 Crore Farmers, improving both short and long-term agricultural growth, which is beneficial for UPL as it will increase demand for pesticides and herbicides, and also enhance irrigation and credit access, which will lead to increased agricultural spending.

Also read: Midcap stock in green after receiving orders worth over ₹2100 Cr from international clients

Financial Highlights

The company reported a 10.31 percent YoY increase in revenue from Rs. 9,887 Crore in Q3FY24 to Rs. 10,907 Crore in Q3FY25. On a QoQ basis, the company reported a marginal decrease of 1.65 percent in revenue from Rs. 11,090 Crore in the previous quarter.

Their Net profit saw a turnaround from a Rs. 1,607 Crore loss to Rs. 853 Crore Profit YoY for the same period. On a QoQ basis also, the company reported a turnaround from Rs. 585 Crore loss to Rs. 853 Crore profit.

About the Company

UPL Limited is a leading global agrochemical company headquartered in Mumbai, India, specializing in crop protection, bio-solutions, and sustainable agriculture. Operating in over 130 countries, UPL is among the world’s top five crop protection companies, offering pesticides, herbicides, fungicides, and seed treatment solutions. 

Written By Abhishek Das

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