UPL Limited (UPL) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.128x

Based on the latest financial reports, UPL Limited (UPL) has a cash flow conversion efficiency ratio of -0.128x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs-48.11 Billion ≈ $-520.29 Million USD) by net assets (Rs377.10 Billion ≈ $4.08 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See UPL Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

UPL Limited - Cash Flow Conversion Efficiency Trend (2005–2025)

This chart illustrates how UPL Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data.

UPL Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of UPL Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Ferrotec (Anhui) Technology Development Co. Ltd. A SHE:301297	N/A
Randstad NV AS:RAND	0.041x
Jl Mag Rare-Earth Co Ltd Class A SHE:300748	0.070x
MDA Ltd TO:MDA	0.033x
KBC Ancora BR:KBCA	0.084x
PACS Group, Inc. NYSE:PACS	0.227x
NewMarket Corporation NYSE:NEU	0.320x
Australian Foundation Investment Company Ltd AU:AFI	0.021x

Annual Cash Flow Conversion Efficiency for UPL Limited (2005–2025)

The table below shows the annual cash flow conversion efficiency of UPL Limited from 2005 to 2025. For the full company profile with market capitalisation and key ratios, see how much is UPL Limited worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-03-31	Rs378.26 Billion ≈ $4.09 Billion	Rs101.51 Billion ≈ $1.10 Billion	0.268x	+381.72%
2024-03-31	Rs327.06 Billion ≈ $3.54 Billion	Rs18.22 Billion ≈ $197.04 Million	0.056x	-74.54%
2023-03-31	Rs354.29 Billion ≈ $3.83 Billion	Rs77.51 Billion ≈ $838.24 Million	0.219x	-1.30%
2022-03-31	Rs293.08 Billion ≈ $3.17 Billion	Rs64.96 Billion ≈ $702.52 Million	0.222x	-24.46%
2021-03-31	Rs245.80 Billion ≈ $2.66 Billion	Rs72.12 Billion ≈ $779.95 Million	0.293x	-24.14%
2020-03-31	Rs225.93 Billion ≈ $2.44 Billion	Rs87.39 Billion ≈ $945.09 Million	0.387x	+195.57%
2019-03-31	Rs180.03 Billion ≈ $1.95 Billion	Rs23.56 Billion ≈ $254.79 Million	0.131x	-57.65%
2018-03-31	Rs91.88 Billion ≈ $993.65 Million	Rs28.39 Billion ≈ $307.03 Million	0.309x	-11.19%
2017-03-31	Rs74.30 Billion ≈ $803.53 Million	Rs25.85 Billion ≈ $279.56 Million	0.348x	+70.29%
2016-03-31	Rs68.33 Billion ≈ $738.97 Million	Rs13.96 Billion ≈ $150.97 Million	0.204x	-14.38%
2015-03-31	Rs59.05 Billion ≈ $638.57 Million	Rs14.09 Billion ≈ $152.38 Million	0.239x	-10.24%
2014-03-31	Rs54.19 Billion ≈ $586.10 Million	Rs14.41 Billion ≈ $155.82 Million	0.266x	-23.66%
2013-03-31	Rs48.79 Billion ≈ $527.69 Million	Rs16.99 Billion ≈ $183.77 Million	0.348x	+577.77%
2012-03-31	Rs44.23 Billion ≈ $478.33 Million	Rs-3.22 Billion ≈ $-34.87 Million	-0.073x	-133.49%
2011-03-31	Rs37.44 Billion ≈ $404.90 Million	Rs8.15 Billion ≈ $88.12 Million	0.218x	-48.14%
2010-03-31	Rs30.06 Billion ≈ $325.07 Million	Rs12.61 Billion ≈ $136.42 Million	0.420x	+817.56%
2009-03-31	Rs26.82 Billion ≈ $290.10 Million	Rs1.23 Billion ≈ $13.27 Million	0.046x	+239.07%
2008-03-31	Rs22.44 Billion ≈ $242.67 Million	Rs-738.00 Million ≈ $-7.98 Million	-0.033x	-106.88%
2007-03-31	Rs15.00 Billion ≈ $162.25 Million	Rs7.17 Billion ≈ $77.58 Million	0.478x	+303.72%
2006-03-31	Rs12.78 Billion ≈ $138.16 Million	Rs1.51 Billion ≈ $16.36 Million	0.118x	-51.04%
2005-03-31	Rs7.93 Billion ≈ $85.75 Million	Rs1.92 Billion ≈ $20.74 Million	0.242x	--

About UPL Limited

NSE:UPL India Agricultural Inputs

Market Cap

$5.58 Billion

Rs515.62 Billion INR

Market Cap Rank

#3354 Global

#150 in India

Share Price

Rs610.80

Change (1 day)

-0.59%

52-Week Range

Rs567.95 - Rs805.35

All Time High

Rs816.77