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UPLLSE:UPLL 82 Debt-to-Equity is 0.68 as of Mar. 2026, which is 30% below its 10-year median of 0.97. GuruFocus rates LSE:UPLL with a GF Score™ of 82/100 and a GF Value™ of $16.57 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 228 Agriculture companies, UPL ranks worse than 70.18% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for UPL's Debt-to-Equity or its related term are showing as below:
LSE:UPLL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 0.97 Max: 1.98
Current: 0.68
During the past 13 years, the highest Debt-to-Equity Ratio of UPL was 1.98. The lowest was 0.68. And the median was 0.97.
LSE:UPLL's Debt-to-Equity is ranked worse than 70.18% of 228
companies
in the Agriculture industry
Industry Median: 0.35
vs LSE:UPLL: 0.68
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
UPL Debt-to-Equity Related Terms
UPL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for UPL's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LSE:UPLL vs CTVA, CF, MOS: Debt-to-Equity Comparison
For the Agricultural Inputs subindustry, UPL's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
UPL Debt-to-Equity vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, UPL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where UPL's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
UPL (LSE:UPLL) has a Debt-to-Equity of 0.68 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on UPL and its competitors. This is 30% below median its historical median of 0.97. Over the past decade, UPL's Debt-to-Equity has ranged from 0.68 to 1.98. According to the industry distribution chart, UPL ranks #160 out of 228 companies in the Agriculture industry, placing it in the top 70.2%.
Is UPL's Debt-to-Equity too high?
UPL's current Debt-to-Equity of 0.68 is 30% below median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.98. The Agriculture industry median Debt-to-Equity is 0.35. UPL's value of 0.68 is 94.3% above this industry median. Based on the distribution chart, UPL ranks #160 out of 228 companies in the Agriculture industry, which is below the industry midpoint. Overall, UPL has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does UPL's Debt-to-Equity compare to CTVA and CF?
According to the Agriculture industry distribution chart, UPL ranks #160 out of 228 companies for Debt-to-Equity. This places UPL in the lower half of its industry. The industry median Debt-to-Equity is 0.35. UPL's value of 0.68 is 94.3% above this benchmark. Historically, UPL's own Debt-to-Equity has ranged from 0.68 to 1.98 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.35, UPL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Agriculture company?
The median Debt-to-Equity among Agriculture companies is 0.35, based on 228 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. UPL's current Debt-to-Equity of 0.68 is 94.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on UPL and its competitors. For the Agriculture industry, the median Debt-to-Equity is 0.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UPL's current Debt-to-Equity is 0.68, which is 30% below median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UPL stock overvalued right now?
Based on GuruFocus' analysis, UPL (LSE:UPLL) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.57, compared to a current price of $14.00 — trading 15.5% below its estimated fair value. The current Debt-to-Equity is 0.68, which is 30% below median its 10-year median of 0.97 and 94.3% above the Agriculture industry median of 0.35. UPL's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For UPL (LSE:UPLL), the current Debt-to-Equity is 0.68 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is UPL (LSE:UPLL) Overvalued in 2026?
Based on GuruFocus' analysis, UPL stock appears to be undervalued.
The current stock price of $14.00 is trading 15.5% below its estimated GF Value™ of $16.57.
GuruFocus considers UPL to be Modestly Undervalued.
Key valuation signals for LSE:UPLL:
Debt-to-Equity: 0.68 (30% below median its 10-year median of 0.97)
GF Value™: $16.57 vs. price of $14.00 (15.5% below fair value)
Industry Position: 94.3% above the Agriculture median (#160 of 228)
No single metric tells the full story. See the LSE:UPLL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UPL Ltd is principally engaged in the business of manufacturing and sale of crop protection products. The firm's crop protection portfolio includes fungicides, herbicides, insecticides, plant growth regulators, rodenticides, and specialty crop chemicals. The firm's seed products consist of nutri-feeds, seeds, and seed treatment products. UPL competes on price with the manufacture and sale of generic products. The company generates its revenue globally, with sales in various countries, and derives a majority share of its revenue from its business outside India. The firm sells its products through a distribution network in each region.
82GF Score
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