UPL Limited (UPL) — Net Asset Quality Index
UPL Limited (UPL) has a Net Asset Quality Index of 41.3% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs913.91 Billion minus total liabilities of Rs536.81 Billion yields net assets of Rs377.10 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check UPL asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
UPL Limited Net Asset Quality Index Over Time (2005–2025)
This chart shows how UPL Limited's Net Asset Quality Index has evolved across 21 annual periods from 2005 to 2025. As of September 2025, the index stands at 41.3%, representing net assets of Rs377.10 Billion against total assets of Rs913.91 Billion INR. See UPL Limited working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for UPL Limited (2005–2025)
The table below presents the year-by-year Net Asset Quality Index for UPL Limited from 2005 to 2025, covering 21 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see market cap of UPL Limited.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 43.0% | Rs378.26 Billion | Rs880.02 Billion | Rs501.76 Billion | ▲ +5.6 pp |
| 2024 | 37.4% | Rs327.06 Billion | Rs875.46 Billion | Rs548.40 Billion | ▼ -2.6 pp |
| 2023 | 40.0% | Rs354.29 Billion | Rs885.77 Billion | Rs531.48 Billion | ▲ +4.6 pp |
| 2022 | 35.4% | Rs293.08 Billion | Rs826.79 Billion | Rs533.71 Billion | ▲ +0.5 pp |
| 2021 | 34.9% | Rs245.80 Billion | Rs704.31 Billion | Rs458.51 Billion | ▲ +2.7 pp |
| 2020 | 32.2% | Rs225.93 Billion | Rs700.83 Billion | Rs474.90 Billion | ▲ +3.7 pp |
| 2019 | 28.6% | Rs180.03 Billion | Rs630.48 Billion | Rs450.45 Billion | ▼ -11.3 pp |
| 2018 | 39.9% | Rs91.88 Billion | Rs230.43 Billion | Rs138.55 Billion | ▲ +3.4 pp |
| 2017 | 36.5% | Rs74.30 Billion | Rs203.81 Billion | Rs129.51 Billion | ▼ -3.7 pp |
| 2016 | 40.2% | Rs68.33 Billion | Rs170.12 Billion | Rs101.78 Billion | ▼ -1.1 pp |
| 2015 | 41.3% | Rs59.05 Billion | Rs143.05 Billion | Rs84.00 Billion | ▼ -0.9 pp |
| 2014 | 42.1% | Rs54.19 Billion | Rs128.58 Billion | Rs74.39 Billion | ▲ +3.0 pp |
| 2013 | 39.2% | Rs48.79 Billion | Rs124.53 Billion | Rs75.74 Billion | ▼ -3.5 pp |
| 2012 | 42.7% | Rs44.23 Billion | Rs103.53 Billion | Rs59.30 Billion | ▼ -2.5 pp |
| 2011 | 45.2% | Rs37.44 Billion | Rs82.82 Billion | Rs45.38 Billion | ▲ +2.0 pp |
| 2010 | 43.2% | Rs30.06 Billion | Rs69.65 Billion | Rs39.59 Billion | ▲ +1.7 pp |
| 2009 | 41.4% | Rs26.82 Billion | Rs64.76 Billion | Rs37.94 Billion | ▼ -1.2 pp |
| 2008 | 42.6% | Rs22.44 Billion | Rs52.71 Billion | Rs30.27 Billion | ▲ +11.2 pp |
| 2007 | 31.4% | Rs15.00 Billion | Rs47.84 Billion | Rs32.84 Billion | ▼ -6.4 pp |
| 2006 | 37.8% | Rs12.78 Billion | Rs33.83 Billion | Rs21.05 Billion | ▼ -2.1 pp |
| 2005 | 39.9% | Rs7.93 Billion | Rs19.89 Billion | Rs11.96 Billion | — |