UPLNSE:UPL +0.41%74 EBITDA Margin % is 19.87% as of Mar. 2026, which is 3% above its 10-year median of 19.32. GuruFocus rates NSE:UPL with a GF Score™ of 74/100 and a GF Value™ of ₹615.04 (Fairly Valued). The stock has 4 warning signs investors should review. Among 251 Agriculture companies, UPL ranks better than 80.48% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. UPL's EBITDA for the
three
months ended in Mar. 2026 was ₹36,430 Mil. UPL's Revenue for the
three
months ended in Mar. 2026 was ₹183,350 Mil. Therefore, UPL's EBITDA margin for the quarter that ended in Mar. 2026 was 19.87%.
UPL (NSE:UPL) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
UPL EBITDA Margin % Related Terms
UPL EBITDA Margin % Historical Data
* Premium members only.
The historical data trend for UPL's EBITDA Margin % 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.
For the Agricultural Inputs subindustry, UPL's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, UPL's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where UPL's EBITDA Margin % 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 (NSE:UPL) has a EBITDA Margin % of 19.87% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on UPL and its competitors. This is near median its historical median of 19.32. Over the past decade, UPL's EBITDA Margin % has ranged from 9.52 to 20.82. According to the industry distribution chart, UPL ranks #49 out of 251 companies in the Agriculture industry, placing it in the top 19.5%.
Is UPL's EBITDA Margin % too high?
UPL's current EBITDA Margin % of 19.87% is near median its 10-year median of 19.32. Over the past 10 years, this metric has ranged from a low of 9.52 to a high of 20.82. The Agriculture industry median EBITDA Margin % is 9.60. UPL's value of 19.87% is 107% above this industry median. Based on the distribution chart, UPL ranks #49 out of 251 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, UPL has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does UPL's EBITDA Margin % compare to CTVA and CF?
According to the Agriculture industry distribution chart, UPL ranks #49 out of 251 companies for EBITDA Margin %. This places UPL in the top 20% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 9.60. UPL's value of 19.87% is 107% above this benchmark. Historically, UPL's own EBITDA Margin % has ranged from 9.52 to 20.82 over the past decade. While the company's 10-year median is 19.32 vs. the industry median of 9.60, 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 EBITDA Margin % for an Agriculture company?
The median EBITDA Margin % among Agriculture companies is 9.60, based on 251 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. UPL's current EBITDA Margin % of 19.87% is 107% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on UPL and its competitors. For the Agriculture industry, the median EBITDA Margin % is 9.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UPL's current EBITDA Margin % is 19.87%, which is near median its own 10-year median of 19.32. 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 (NSE:UPL) is currently considered Fairly Valued. The stock's GF Value™ is ₹615.04, compared to a current price of ₹599.25 — trading 2.6% below its estimated fair value. The current EBITDA Margin % is 19.87%, which is near median its 10-year median of 19.32 and 107% above the Agriculture industry median of 9.60. UPL's overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For UPL (NSE:UPL), the current EBITDA Margin % is 19.87% 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 (NSE:UPL) Overvalued in 2026?
Based on GuruFocus' analysis, UPL stock appears to be undervalued.
The current stock price of ₹599.25 is trading 2.6% below its estimated GF Value™ of ₹615.04.
GuruFocus considers UPL to be Fairly Valued.
Key valuation signals for NSE:UPL:
EBITDA Margin %: 19.87% (near median its 10-year median of 19.32)
GF Value™: ₹615.04 vs. price of ₹599.25 (2.6% below fair value)
Industry Position: 107% above the Agriculture median (#49 of 251)
No single metric tells the full story. See the NSE:UPL 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.
74GF Score
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