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 strategic investment ratio to see how much of total assets are deployed in long-term investments.

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 (2005–2025)

Historical Cash Flow Quality Index for UPL Limited across 20 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check UPL Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.

Annual Cash Flow Quality Index for UPL Limited (2005–2025)

Year-by-year earnings quality comparison for UPL Limited. For live market cap and the full company financial profile, see UPL Limited (UPL) total market value.

Year Quality Index Operating CF (INR) Net Income YoY Change
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.