UPL Limited (UPL) — Net Asset Quality Index
UPL Limited (UPL) has a Net Asset Quality Index of 43.3% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs952.05 Billion minus total liabilities of Rs539.36 Billion yields net assets of Rs412.69 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read UPL Limited balance sheet liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
UPL Limited Net Asset Quality Index Over Time (2005–2026)
This chart shows how UPL Limited's Net Asset Quality Index has evolved across 22 annual periods from 2005 to 2026. As of March 2026, the index stands at 43.3%, representing net assets of Rs412.69 Billion against total assets of Rs952.05 Billion INR. For live market cap and overall valuation, see UPL Limited (UPL) total market value.
Annual Net Asset Quality Index for UPL Limited (2005–2026)
The table below presents the year-by-year Net Asset Quality Index for UPL Limited from 2005 to 2026, covering 22 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. Check UPL Limited PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 43.3% | Rs412.69 Billion | Rs952.05 Billion | Rs539.36 Billion | ▲ +0.4 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 | — |