Revenue distribution by sectors:

• Crop protection: approx. 70%
• Seeds and biotechnology: approx. 15%
• Environmental solutions and others: approx. 15%

TOP 3 markets and their percentage shares:

• India: approx. 25%
• Brazil: approx. 20%
• USA: approx. 15%

UPL Limited is a leading company in the field of agrochemicals and generates the majority of its revenue from the sale of crop protection products. The Indian market is particularly strong, followed by Brazil and the USA, highlighting the global presence and strategic focus on high-growth agricultural markets.

Production sites of UPL Limited:

UPL Limited operates production facilities in over 20 countries worldwide. The main production sites are located in:

• India: Several large production plants are located here, as India is the company's headquarters.
• Brazil: One of the largest markets for UPL, with significant production capacities.
• USA: Production facilities to serve the North American market.
• Europe: Production plants in countries such as France and Spain.

UPL Limited is a globally operating company in the agrochemical sector and has strategically distributed its production capacities to key markets to efficiently respond to demand. This enables the company to minimize transportation costs and better meet local market requirements.

Revenue Growth: Estimated at 8-10% annually (2025-2027)

UPL Limited pursues a strategy focused on sustainable agriculture and innovation. The company heavily invests in research and development to develop new, environmentally friendly crop protection products and solutions for agriculture.

Another key focus is on geographical expansion, particularly in high-growth markets in Asia and Africa. UPL Limited also relies on strategic partnerships and acquisitions to expand its product range and strengthen its market presence.

The digitization of agricultural processes and the introduction of technologies to improve crop yields are also central components of UPL Limited's growth strategy.

Main Imported Raw Materials: Agrochemicals, intermediates, raw materials for plant protection products

Countries of Origin: China, USA, Europe, Brazil

UPL Limited is a leading company in the field of agrochemicals and plant protection products. The company imports a variety of raw materials and intermediates necessary for the production of its products. China is one of the largest suppliers, especially for chemical intermediates and basic materials. The USA and Europe also supply specialized chemicals and technologies. Brazil is an important partner for agricultural raw materials used in the production of plant protection products.

Diversifying supply chains and ensuring a stable supply of raw materials are crucial for UPL to remain competitive and be able to respond to market demands.

Market share: 8% (estimated 2025)
EBITDA margin: 20% (2024)
R&D expenses: 6% of revenue (2024)

UPL Limited has a significant competitive advantage, which is manifested through its strong market position and innovation capabilities. With an estimated market share of 8% in the global agrochemicals market, UPL positions itself as one of the leading players in the industry.

The EBITDA margin of 20% indicates that the company is able to effectively manage its costs while generating high profits. This is an indicator of operational efficiency and pricing power.

Another key factor is the focus on research and development, with expenses accounting for 6% of revenue. This demonstrates UPL's commitment to developing innovative solutions and continuously adapting to changing market conditions.

In summary, UPL Limited possesses a solid competitive advantage through its strong market presence, efficient operations, and innovation capabilities.

Institutional Investor Share: 36% (2025, estimate based on 2023 trends)

Insider Buys/Sells: No significant transactions reported in the last year (2025, estimate)

The institutional investor share in UPL Limited is estimated to be around 36%, based on the latest available data and trends from recent years. Institutional investors play a crucial role in the stability and trust in the company.

Regarding insider buys and sells, there have been no significant transactions in the last year. This could indicate that the management and other insiders have confidence in the current company strategy and valuation. However, it is important to monitor these data regularly as they can provide insights into the company's future development.

Market Share of UPL Limited: 8% (2025, estimated)

Top Competitors and Their Market Shares:

1. Bayer AG: 15%
2. Syngenta Group: 12%
3. BASF SE: 10%
4. Corteva Agriscience: 9%
5. UPL Limited: 8%
6. FMC Corporation: 7%
7. ADAMA Ltd.: 6%
8. Nufarm Limited: 5%
9. Sumitomo Chemical: 4%
10. Arysta LifeScience: 3%

Moat of UPL Limited:

UPL Limited has built a certain moat through a strong presence in emerging markets and a wide range of products. The company benefits from cost-efficient production processes and an extensive distribution network, enabling it to offer competitive prices.

However, compared to its competitors, UPL has a less pronounced moat. Companies like Bayer and Syngenta have stronger research and development departments and a more extensive portfolio of patented products, giving them a technological advantage.

While UPL is well positioned in certain markets and segments, the larger investments in innovation and technology by the competition could create a stronger moat in the long run. UPL would need to focus on strategic partnerships and innovations to strengthen its competitiveness.

Revenue Growth: 8.5% (2024) EBITDA Margin: 21.0% (2024) Debt-to-Equity Ratio: 0.9 (2024)

UPL Limited achieved a revenue growth of 8.5% in 2024, attributed to strong demand for its agricultural chemicals and successful expansion into new markets. The EBITDA margin of 21.0% indicates that the company operates efficiently and is able to generate solid profits from its revenues.

The debt-to-equity ratio of 0.9 suggests that UPL Limited has a relatively moderate level of debt compared to its equity, reducing financial risk and providing the company with flexibility for future investments.

Given these metrics, UPL Limited could present an attractive investment opportunity, especially for investors interested in a company with stable growth and solid financial health. However, it is important to also consider external factors such as market conditions and regulatory developments in the agricultural industry.

Dividend yield: 1.5% (2024) Dividend growth: 5% annually (last 3 years)

UPL Limited has regularly paid dividends in recent years. The dividend yield is currently around 1.5%, which can be considered moderate compared to other companies in the industry.

The company has recorded a consistent dividend growth of about 5% per year over the last three years. This indicates a reliable payout policy supported by a solid financial foundation. Analysts expect UPL Limited to continue to be able to pay stable dividends in the future, provided no unforeseen economic challenges arise.