Upl Limited (UPL) · mywealthgrid

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About

UPL Limited operates in pesticides and agrochemicals within the materials sector, with a market capitalization of ₹47,528.46 crore. The company generates quarterly core revenue in the ₹10,000–18,000 crore range and demonstrated peak operating efficiency at 19.41% margin in Mar 2026.

Face value: ₹2

Market cap

₹43,628 Cr

P/E

21.6×

P/B

1.3×

Dividend yield

1.2%

ROE

ROCE

11.2%

Debt / equity

0.64

OPM

17.9%

EPS (TTM)

₹23.9

Book value

₹410.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin compressed from 19.41% (Mar 2026) to 14.24% (Jun 2026) — verify what drove decline and whether base margins are sustainable

Latest quarter (Jun 2026) recorded ₹73 crore net loss in core business while 1-year stock return fell -20.19%, signaling investor concern over operational momentum

ROE of 6.01% is weak relative to ₹47,528 Cr market cap — verify whether poor capital returns reflect operational headwinds or capital structure inefficiency

Earnings ranged -₹176 Cr to +₹1,294 Cr across recent quarters, suggesting seasonality or cyclical stress — verify underlying drivers and predictability

Generated analysis · source review pending

Growth drivers

Mar 2026 achieved ₹18,335 Cr revenue with 19.41% OPM showing operational capability — verify if this is sustainable performance or cyclical peak

Five dividend payouts since 2022 confirm cash generation — verify payout rate and whether capital retention is fueling growth investment

Quarterly core revenue scale of ₹10,000–18,000 Cr provides operational platform — verify Indian agrochemical sector growth rates and UPL's competitive share trends

FII base of 43.71% indicates international investor engagement — verify export revenue exposure and positioning in global agrochemical market cycles

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹516.8-3.9%1Y

Quick read

rule-based

Pros

+Dividend payout of 25.1% of profit

Cons

−Low return on equity of 1.6% (3-yr avg)
−Profit declined 7.7% a year over the last 5 years
−Modest revenue growth of 6% a year over the last 5 years
−Weak interest coverage of 2×

Research score

Structured signal from quality, growth, valuation and momentum.

41/100

Business quality: 29
Growth: 17
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 50 NIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Upl LimitedUPLUPL	₹43,628 Cr	₹65,674 Cr	₹52,804 Cr	₹9,326 Cr	17.9%	₹2,020 Cr	4.3%	11.2%	6%	135
Sumitomo Chemical India LimitedSUMICHEMSUMICHEM	₹20,842 Cr	₹20,844 Cr	₹3,245 Cr	₹685 Cr	20.7%	₹579 Cr	16.8%	23.1%	17.3%	155
Bayer Cropscience LimitedBAYERCROPBAYERCROP	₹15,958 Cr	—	₹5,472 Cr	₹688 Cr	15.4%	₹568 Cr	12.1%	28.4%	23.7%	300
Sharda Cropchem LimitedSHARDACROPSHARDACROP	₹6,397 Cr	₹6,397 Cr	₹5,357 Cr	₹1,047 Cr	20.4%	₹626 Cr	12.9%	28%	24.2%	125
Dhanuka Agritech LimitedDHANUKADHANUKA	₹4,217 Cr	₹4,259 Cr	₹2,035 Cr	₹417 Cr	20.5%	₹297 Cr	14.6%	28.9%	22.3%	160
Rallis India LimitedRALLISRALLIS	₹3,884 Cr	₹3,942 Cr	₹2,604 Cr	₹274 Cr	10.5%	₹164 Cr	6.3%	13.2%	10%	104
Bhagiradha Chemicals & Industries LimitedBHAGCHEMBHAGCHEM	₹3,063 Cr	₹3,294 Cr	₹607 Cr	₹79 Cr	10.7%	₹28 Cr	3.4%	4.8%	2.6%	148
Nacl Industries LimitedNACLINDNACLIND	₹3,054 Cr	₹3,355 Cr	₹1,519 Cr	₹106 Cr	6.5%	₹12 Cr	0.3%	11.8%	0.8%	105
Gsp Crop Science LimitedGSPCROPGSPCROP	₹2,113 Cr	₹2,373 Cr	₹1,517 Cr	₹185 Cr	12.2%	₹-3 Cr	6.2%	20.7%	-0.4%	121
Bharat Rasayan LimitedBHARATRASBHARATRAS	₹1,658 Cr	₹1,659 Cr	₹1,203 Cr	₹177 Cr	16%	₹140 Cr	11.7%	17.5%	12.1%	219
Insecticides (India) LimitedINSECTICIDINSECTICID	₹1,655 Cr	₹1,799 Cr	₹2,060 Cr	₹210 Cr	10.6%	₹125 Cr	6.5%	17.1%	12.1%	168
Astec Lifesciences LimitedASTECASTEC	₹1,580 Cr	₹2,029 Cr	₹441 Cr	₹6 Cr	-1%	₹-67 Cr	-18.1%	-9.3%	-25.9%	263

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	17,506	21,837	35,756	38,694	46,240	53,576	43,098	46,637	51,839
COGS	8,112	10,904	18,743	19,096	22,072	27,281	24,494	24,223	25,891
Gross profit	9,394	10,933	17,013	19,598	24,168	26,295	18,604	22,414	25,948
	5,889	7,106	10,237	11,204	14,505	15,942	14,307	15,286	16,870
	3,505	3,827	6,776	8,394	9,663	10,353	4,297	7,128	9,078
OPM %	20%	17.5%	19%	21.7%	20.9%	19.3%	10%	15.3%	17.5%
Depreciation	675	969	2,012	2,173	2,359	2,547	2,763	2,750	3,244
Interest	783	963	1,481	2,060	2,295	2,963	3,852	3,627	3,401
	477	-211	-519	20	-43	307	231	78	724
Profit before tax	2,305	1,684	2,764	4,181	4,966	5,150	-2,087	829	3,157
Tax	275	165	586	686	529	736	-209	9	937
Tax %	11.9%	9.8%	21.2%	16.4%	10.7%	14.3%	-10%	1.1%	29.7%
	2,030	1,519	2,178	3,495	4,437	4,414	-1,878	820	2,220
PAT margin %	11.6%	7%	6.1%	9%	9.6%	8.2%	-4.4%	1.8%	4.3%
EPS (₹)	—	28.4	23.2	36.4	45.9	45.8	-17.8	9.9	22.3
EPS adjusted (₹)	26.4	18.9	23.2	37.5	47.4	47.6	-16	11.3	22.8
	—	28.1%	25.8%	27.5%	21.8%	21.8%	—	60.9%	26.9%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	102	102	153	153	153	150	150	159	169
Reserves	9,067	14,613	16,143	17,748	21,522	26,708	24,657	29,054	34,527
Minority interest	19	3,454	6,298	6,679	7,633	8,571	7,899	8,613	6,573
	6,507	28,861	28,669	23,769	25,866	22,999	28,438	23,714	22,046
	7,348	16,136	18,820	22,082	27,505	30,149	26,402	26,462	31,890
Total equity & liabilities	23,043	63,166	70,083	70,431	82,679	88,577	87,546	88,002	95,205
	4,437	32,149	34,679	34,070	35,401	38,713	39,056	39,084	42,153
CWIP	1,090	1,166	1,059	899	1,184	1,197	1,106	615	999
Investments	1,036	708	595	618	1,922	1,624	2,154	2,328	2,666
	16,480	29,143	33,750	34,844	44,172	47,043	45,230	45,975	49,387
Total assets	23,043	63,166	70,083	70,431	82,679	88,577	87,546	88,002	95,205

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Crop protection	42,399	5,738	70,194	23,684	46,510	12.34
Seeds & Post harvest	6,830	1,425

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	50.1%	47.6%	50.6%	52.3%	49.1%	43.2%	48.1%	50.1%
EBITDA margin %	17.5%	18.9%	21.6%	20.6%	19%	10.5%	16.3%	17.9%
EBIT margin %	13%	13.3%	16%	15.5%	14.3%	4.1%	10.4%	11.6%
PAT margin %	7%	6.1%	9%	9.6%	8.2%	-4.4%	1.8%	4.3%
Working capital
Receivable days	195	123	119	121	124	139	121	126
Inventory days	306	153	180	216	187	190	155	179
Payable days	330	199	2	274	236	234	164	169
NWC days	171	77	297	64	76	95	113	135
Leverage
Current ratio	1.64	1.75	1.53	1.42	1.45	1.46	1.39	1.21
Debt to EBITDA	7.57	4.23	2.85	2.71	2.26	6.27	3.12	2.38
Debt to equity	1.96	1.76	1.33	1.19	0.86	1.15	0.81	0.64
Interest coverage	3.2	3.3	3.1	3.2	2.7	0.6	1.5	2
Asset turnover	0.35	0.51	0.55	0.56	0.6	0.49	0.53	0.54
Return ratios
Return on assets %	2.4%	3.1%	5%	5.4%	5%	-2.1%	0.9%	2.3%
Return on capital employed %	9.9%	9.7%	12.4%	14.1%	14.2%	3.8%	8.9%	11.2%
Return on equity %	10.3%	13.4%	19.5%	20.5%	16.4%	-7.6%	2.8%	6.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	32.35%	32.35%	32.35%	32.35%	32.52%	33.51%	33.5%	33.5%	33.5%	33.5%	33.51%	33.51%
	37.6%	37.69%	36.95%	37.82%	37.53%	35.46%	37.21%	37.82%	39.88%	40.99%	43.1%	43.71%
	17.27%	16.82%	15.32%	15.74%	17.65%	18.89%	18.56%	18.1%	17.16%	16.72%	14.63%	14.32%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.01%	0.02%	0.02%
	12.78%	13.14%	15.38%	14.09%	12.3%	12.14%	10.73%	10.58%	9.46%	8.78%	8.74%	8.44%
No. of shareholders	—	—	—	—	—	—	—	—	2,84,675	2,68,604	2,76,989	2,72,868

Promoter holding up 1.16 percentage points since Sep 2023.

2 disclosures

Person	Deal	Shares	Value	Holding	Filed
Kartik BhatiaEmployees/Designated Employees	SellMarket Sale	500	₹3.48 L	0.00% → 0.00%	18 Sept 20257(2)
Jasmin Kartik BhatiaImmediate relative	SellMarket Sale	1,000	₹6.99 L

44 deals · 23 Sept 2021 – 26 Aug 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Aug 2025	UNIPHOS ENTERPRISES LTD	Block	NSE	Sell	9,80,000	₹723.05	₹70.86 Cr
26 Aug 2025	NERKA CHEMICALS PRIVATE LTD	Block	NSE	Buy	9,80,000	₹723.05	₹70.86 Cr
14 Jul 2025	THE MTBJ LTD AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MTBJ400045828	Block	BSE	Sell	1,68,164	₹652.80	₹10.98 Cr
14 Jul 2025	THE MTBJ LTD AS TRST FOR GOVERNMENT PENSION INVESTMENT FUND MTBJ400045849	Block	BSE	Buy	1,68,164	₹652.80	₹10.98 Cr
10 Feb 2025	UNIPHOS ENTERPRISES LTD	Block	NSE	Sell	7,80,000	₹641.00	₹50.00 Cr
10 Feb 2025	NERKA CHEMICALS PRIVATE LTD	Block	NSE	Buy	7,80,000	₹641.00	₹50.00 Cr
27 Dec 2024	UNIPHOS ENTERPRISES LTD	Block	NSE	Sell	10,00,000	₹504.00	₹50.40 Cr
27 Dec 2024	NERKA CHEMICALS PRIVATE LTD	Block	NSE	Buy	10,00,000	₹504.00	₹50.40 Cr
14 Nov 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	7,98,693	₹767.90	₹61.33 Cr
14 Nov 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	NSE	Sell	7,98,693	₹767.90	₹61.33 Cr

1–10 of 44

1 / 5

Mr. Jaidev Rajnikant ShroffNon-Executive - Non Independent Director-Chairperson related to Promoter
Sagar KaushikChief Operating Officer - Global Business
Mr. Vikram Rajnikant ShroffNon-Executive - Non Independent Director
Mr. Raj Kumar TiwariExecutive Director
Mr. Hardeep SinghNon-Executive - Non Independent Director
Mrs. Naina Lal KidwaiNon-Executive - Independent Director
Mr. Suresh KumarNon-Executive - Independent Director
Mrs. Usha Rao MonariNon-Executive - Independent Director
Mrs. Bhanumathi Viswanathan MelatturNon-Executive - Independent Director
Mr. Santosh Kumar MohantyNon-Executive - Independent Director
Mr. Anand VoraChief Financial Officer

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹539.8 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹539.2	-0.1	-0%	₹539.2	22,620	-8	1,519	1355
23 Nov 2026	₹541.4	-0.1	-0%	₹541.4	319	+1	44	1355
29 Dec 2026	₹546.0	0	0%	₹548.3	0	0	0	1355

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 16 fund houses

Held by these funds

5.17%

of the company's equity

All mutual funds

8.57%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

79 schemes · 16 fund houses

		Shares
Contra Fund	SBI Mutual Fund	87.55 L	492.25	1.03%	1.037%	-0
India Opportunities Fund	ICICI Prudential Mutual Fund	83.52 L	469.62	1.22%	0.989%	+5.32 L
Mid Cap FundNEW	ICICI Prudential Mutual Fund	34.65 L	194.85	2.32%	0.411%	—
Multi Asset Allocation Fund	SBI Mutual Fund	32.6 L	183.31	0.88%	0.386%	-0
Multi Cap FundNEW	ICICI Prudential Mutual Fund	32.38 L	182.07	0.93%	0.384%	—
Commodities Fund	ICICI Prudential Mutual Fund	29.87 L	167.94	3.93%	0.354%	-0
Balanced Advantage Fund	SBI Mutual Fund	27.53 L	154.81	0.37%	0.326%	-0
MID CAP FUND	Tata Mutual Fund	15 L	84.34	1.35%	0.178%	-0

1–8 of 79

1 / 10

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

20

Final dividend17 Jul 2026 · ex-date₹6
Final dividend11 Jul 2025 · ex-date₹6
Final dividend12 Aug 2024 · ex-date₹1
Final dividend3 Aug 2023 · ex-date₹10
Final dividend27 Jul 2022 · ex-date₹10
Final dividend14 Jul 2021 · ex-date₹10
Dividend dividend19 Aug 2020 · ex-date₹6
Dividend dividend28 May 2019 · ex-date₹8
Dividend dividend9 Aug 2018 · ex-date₹8
Dividend dividend22 Jun 2017 · ex-date₹7
Dividend dividend16 Jun 2016 · ex-date₹5
Dividend dividend16 Jul 2015 · ex-date₹5
Dividend dividend7 Aug 2014 · ex-date₹4
Dividend dividend4 Jul 2013 · ex-date₹2.5
Final dividend12 Jul 2012 · ex-date₹0.5
Interim dividend3 Apr 2012 · ex-date₹2
Dividend dividend14 Jul 2011 · ex-date₹2
Dividend dividend26 Aug 2010 · ex-date₹2
Dividend dividend3 Sept 2009 · ex-date₹1.5
Dividend dividend4 Sept 2008 · ex-date₹2

1

Board meeting to consider results3 Aug 2026

2

Bonus 1:22 Jul 2019 · ex-date
Bonus 1:129 Oct 2008 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

52 announcementsExport CSV

29 Sept 2026, 12:19 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

7 Sept 2026, 12:48 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

2 Sept 2026, 6:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

26 Aug 2026, 3:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

15 Aug 2026, 2:15 amCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

14 Aug 2026, 11:27 amCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

10 Aug 2026, 7:18 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

3 Aug 2026, 7:54 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

Date	Category	Subject	Filing
29 Sept 2026, 12:19 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
7 Sept 2026, 12:48 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	50.1%	47.6%	50.6%	52.3%	49.1%	43.2%	48.1%	50.1%
EBITDA margin %	17.5%	18.9%	21.6%	20.6%	19%	10.5%	16.3%	17.9%
EBIT margin %	13%	13.3%	16%	15.5%	14.3%	4.1%	10.4%	11.6%
PAT margin %	7%	6.1%	9%	9.6%	8.2%	-4.4%	1.8%	4.3%
Working capital
Receivable days	195	123	119	121	124	139	121	126
Inventory days	306	153	180	216	187	190	155	179
Payable days	330	199	2	274	236	234	164	169
NWC days	171	77	297	64	76	95	113	135
Leverage
Current ratio	1.64	1.75	1.53	1.42	1.45	1.46	1.39	1.21
Debt to EBITDA	7.57	4.23	2.85	2.71	2.26	6.27	3.12	2.38
Debt to equity	1.96	1.76	1.33	1.19	0.86	1.15	0.81	0.64
Interest coverage	3.2	3.3	3.1	3.2	2.7	0.6	1.5	2
Asset turnover	0.35	0.51	0.55	0.56	0.6	0.49	0.53	0.54
Return ratios
Return on assets %	2.4%	3.1%	5%	5.4%	5%	-2.1%	0.9%	2.3%
Return on capital employed %	9.9%	9.7%	12.4%	14.1%	14.2%	3.8%	8.9%	11.2%
Return on equity %	10.3%	13.4%	19.5%	20.5%	16.4%	-7.6%	2.8%	6.4%

35

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	440	₹0.0	0	0	0
0	0	0	₹0.0	460	₹0.0	0	0	0
0	0	0	₹0.0	470	₹0.0	0	0	0
0	0	0	₹0.0	480	₹0.0	0	0	0
0	0	0	₹0.0	485	₹0.0	0	0	0
1	0	0	₹51.9	490	₹1.6	82	+48	87
0	0	0	₹0.0	495	₹0.0	0	0	0
35	-2	2	₹41.3	500	₹2.4	197	-41	253

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,839	2,356	8,739	7,212	6,496	7,751	1,822	10,151	7,855
	-2,093	-30,920	-2,643	-2,101	-3,819	-1,490	-2,478	-1,840	-2,362
	-801	28,894	-2,175	-6,713	-1,921	-6,227	164	-4,793	-9,883
Net cash flow	—	—	—	-1,602	756	34	-492	3,518	-4,390
Free cash flow	—	—	—	5,593	4,474	6,079	663	9,338	6,189
CFO / Operating profit %	81%	61.8%	129%	86.4%	68.2%	76%	40.1%	133.6%	84.7%

Upl Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Events

20

1

2

Announcements

20

1

2

Announcements

3

Annual reports

Credit ratings

Investor Presentation and earnings call

35

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Agro Activities · revenue

Upl Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Futures3

Fund holders

Documents

Announcements

Events

Dividends20

Board meetings1

Bonus issues2

Announcements

Dividends20

Board meetings1

Bonus issues2

Ratio timeline

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Futures3

Annual reports

Credit ratings

Investor Presentation and earnings call

Option chain35

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Agro Activities · revenue

3

20

1

2

20

1

2

3

35