UPL Limited vs PI Industries Limited
An objective side-by-side of UPL and PIIND, both in Pesticides / Agrochemicals - Indian: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-11-05 close
Latest results: UPL Sep 2026 · PIIND Sep 2026
At a glance
- UPL Limited is the larger company by market value, about 1.7 times the size of PI Industries Limited.
- On trailing earnings, UPL Limited trades at the lower P/E (24.8 against 30.6).
- PI Industries Limited earns the higher return on equity (7.7% against 5.1%).
- Over three years PI Industries Limited has grown profits faster (0% a year against -20%).
- Over the past year the share prices returned -27.0% (UPL) and -50.8% (PIIND).
| Metric | UPL UPL |
PI Industries PIIND |
|---|---|---|
| Size and price | ||
| Market cap | ₹44,504 Cr | ₹26,852 Cr |
| Share price | ₹526.50 | ₹1,770.00 |
| Valuation | ||
| P/E | 24.85 | 30.60 |
| P/B | 1.28 | 2.34 |
| EV/EBITDA | 10.90 | 21.91 |
| Dividend yield | 1.1% | 0.9% |
| Profitability | ||
| ROE | 5.1% | 7.7% |
| ROCE | 10.0% | 15.0% |
| Operating margin | 16.9% | 19.5% |
| Sales (TTM) | ₹42,638 Cr | ₹6,345 Cr |
| Net profit (TTM) | ₹1,791 Cr | ₹877 Cr |
| Growth | ||
| Latest quarter sales YoY | -1.3% | -9.1% |
| Latest quarter profit YoY | -26.1% | -70.1% |
| Sales CAGR 3Y | -1.0% | +1.0% |
| Profit CAGR 3Y | -20.0% | +0.0% |
| Sales CAGR 5Y | +6.0% | +8.0% |
| Profit CAGR 5Y | -9.0% | +11.0% |
| Financial strength | ||
| Debt/Equity | 0.98 | 0.03 |
| Interest cover | 1.10 | 78.36 |
| Ownership | ||
| Promoter holding | 33.5% | 46.1% |
| Promoter change (4 qtrs) | +0.02 pp | +0.00 pp |
| Price performance | ||
| Return 1M | +3.33% | -21.33% |
| Return 3M | -8.79% | -37.01% |
| Return 1Y | -27.01% | -50.78% |
| Return YTD | -33.79% | -45.34% |
| Technical condition | ||
| Technical score | 50 | 7 |
| RS rating (1-99) | 25.00 | 3.00 |
| % vs 200-DMA | -14.26% | -35.28% |
| RSI (14) | 49.68 | 26.20 |
| % from 52-week high | -35.18% | -53.82% |
