UPL Limited (UPL) — Cash Flow Quality Index
Latest as of September 2025:
-10.35x
UPL Limited (UPL) has a Cash Flow Quality Index of -10.35x as of September 2025. Operating cash flow of Rs-48.11 Billion is below net income of Rs4.65 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore UPL Limited cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
-10.35x
Operating CF / Net Income
Operating Cash Flow
Rs-48.11 Billion
INR
Net Income
Rs4.65 Billion
INR
Data as of
Sep 2025
Most recent filing
UPL Limited Cash Flow Quality Index (2005–2026)
Historical Cash Flow Quality Index for UPL Limited across 21 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see how efficiently does UPL Limited generate cash.
Annual Cash Flow Quality Index for UPL Limited (2005–2026)
Year-by-year earnings quality comparison for UPL Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 3.00x | Rs57.63 Billion | Rs19.22 Billion | ▼ -75.5% |
| 2025 | 12.24x | Rs101.51 Billion | Rs8.29 Billion | ▲ +713.6% |
| 2023 | 1.51x | Rs77.51 Billion | Rs51.50 Billion | ▲ +15.1% |
| 2022 | 1.31x | Rs64.96 Billion | Rs49.66 Billion | ▼ -24.2% |
| 2021 | 1.72x | Rs72.12 Billion | Rs41.81 Billion | ▼ -33.2% |
| 2020 | 2.58x | Rs87.39 Billion | Rs33.84 Billion | ▲ +142.2% |
| 2019 | 1.07x | Rs23.56 Billion | Rs22.10 Billion | ▼ -7.6% |
| 2018 | 1.15x | Rs28.39 Billion | Rs24.61 Billion | ▼ -9.8% |
| 2017 | 1.28x | Rs25.85 Billion | Rs20.22 Billion | ▲ +21.9% |
| 2016 | 1.05x | Rs13.96 Billion | Rs13.31 Billion | ▲ +5.6% |
| 2015 | 0.99x | Rs14.09 Billion | Rs14.18 Billion | ▼ -13.3% |
| 2014 | 1.15x | Rs14.41 Billion | Rs12.57 Billion | ▼ -34.0% |
| 2013 | 1.74x | Rs16.99 Billion | Rs9.79 Billion | ▲ +514.1% |
| 2012 | -0.42x | Rs-3.22 Billion | Rs7.69 Billion | ▼ -134.9% |
| 2011 | 1.20x | Rs8.15 Billion | Rs6.78 Billion | ▼ -40.5% |
| 2010 | 2.02x | Rs12.61 Billion | Rs6.25 Billion | ▲ +726.2% |
| 2009 | 0.24x | Rs1.23 Billion | Rs5.02 Billion | ▲ +237.6% |
| 2008 | -0.18x | Rs-738.00 Million | Rs4.16 Billion | ▼ -107.9% |
| 2007 | 2.26x | Rs7.17 Billion | Rs3.18 Billion | ▲ +273.7% |
| 2006 | 0.60x | Rs1.51 Billion | Rs2.51 Billion | ▼ -45.2% |
| 2005 | 1.10x | Rs1.92 Billion | Rs1.74 Billion | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.