UPL (BOM:512070) Gross Margin % : 36.01% (As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is UPL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. UPL's Gross Profit for the three months ended in Mar. 2024 was ₹50,690 Mil. UPL's Revenue for the three months ended in Mar. 2024 was ₹140,780 Mil. Therefore, UPL's Gross Margin % for the quarter that ended in Mar. 2024 was 36.01%.

Warning Sign:

UPL Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.1%.

The historical rank and industry rank for UPL's Gross Margin % or its related term are showing as below:

BOM:512070' s Gross Margin % Range Over the Past 10 Years
Min: 43.17 Med: 49.25 Max: 51.94
Current: 43.17

During the past 13 years, the highest Gross Margin % of UPL was 51.94%. The lowest was 43.17%. And the median was 49.25%.

BOM:512070's Gross Margin % is ranked better than
84.32% of 236 companies
in the Agriculture industry
Industry Median: 24.555 vs BOM:512070: 43.17

UPL had a gross margin of 36.01% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for UPL was -1.10% per year.

UPL Gross Margin % Historical Data

The historical data trend for UPL's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

UPL Gross Margin % Chart

UPL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross Margin %

Get a 7-Day Free Trial

46.42

49.42

51.30

49.08

43.17

UPL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															40.73	56.15	48.55	36.05	36.01

Competitive Comparison of UPL's Gross Margin %

For the Agricultural Inputs subindustry, UPL's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

UPL's Gross Margin % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, UPL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where UPL's Gross Margin % falls into.

UPL Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

UPL's Gross Margin for the fiscal year that ended in Mar. 2024 is calculated as

Gross Margin % (A: Mar. 2024 )	=	Gross Profit (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	186040	/	430980
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(430980 - 244940)	/	430980
	=	43.17 %

UPL's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	50690	/	140780
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(140780 - 90090)	/	140780
	=	36.01 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

UPL (BOM:512070) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

UPL had a gross margin of 36.01% for the quarter that ended in Mar. 2024 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

UPL Gross Margin % Related Terms

Thank you for viewing the detailed overview of UPL's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

UPL (BOM:512070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » UPL Ltd (BOM:512070) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

UPL:India UPLL:UK

Address

UPL House, 610 B/2, Bandra Village, Off Western Express Highway, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.upl-ltd.com

UPL Ltd is a global crop protection and seed company with product sales to the agricultural industry. The Company derives revenue primarily from sale of agro-chemicals, seeds and other products. The firm's crop protection portfolio includes fungicides, herbicides, insecticides, plant growth regulators rodenticides, and specialty crop chemicals. The firm's seed products consist of nutri-feeds, seeds, and seed treatment products. UPL competes on price with the manufacture and sale of generic products. UPL generates its revenue worldwide, with sales in over 120 countries, and derives the largest share of its revenue in India. The firm sells its products through a distribution network in each region.

UPL (BOM:512070) Headlines

No Headlines