UPL shareholders and shareholding pattern
NSE: UPLBSE: 512070Fertilizers & AgrochemicalsMid Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹536.40.
29 Oct: open ₹535.85, high ₹547.95, low ₹528.85
- Next results date: the board meets on 2 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹45,750 Cr187th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 22.65
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.32
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.11%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 6.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.53
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 19,58,83850.1% delivered
UPL's shareholding pattern for Sep 2026, filed on 16 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.
Who owns UPL, filing by filing
Per cent of all the company's shares, counting those held against depositary receipts traded abroad where a filing has them.
Sep 2026 filing
- Promoters33.51%
- Foreign institutions43.67%
- Indian institutions14.31%
- Governments0.01%
- Individuals and others8.50%
- Depositary receiptsNone
Shareholding pattern, per cent, from Jun 2017
- Promoters
- Foreign institutions
- Indian institutions
- Governments
- Individuals and others
- Depositary receipts
| Per cent | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27.74% | 27.74% | 27.85% | 27.85% | 27.83% | 27.70% | 27.74% | 27.90% | 27.91% | 27.88% | 27.88% | 27.88% | 27.88% | 27.88% | 27.88% | 27.88% | 27.85% | 27.96% | 27.96% | 27.96% | 28.41% | 28.45% | 28.96% | 28.96% | 30.74% | 32.35% | 32.35% | 32.35% | 32.52% | 32.52% | 32.52% | 32.52% | 33.51% | 33.50% | 33.50% | 33.50% | 33.50% | 33.51% | 33.51% | 33.51% | |
| Indian promoters | 25.91% | 25.90% | 25.90% | 25.90% | 25.88% | 25.76% | 25.79% | 25.95% | 25.96% | 25.93% | 25.93% | 25.93% | 25.93% | 25.93% | 25.93% | 25.93% | 25.91% | 25.91% | 25.91% | 25.91% | 26.13% | 25.96% | 26.42% | 26.42% | 26.42% | 26.42% | 26.42% | 26.42% | 26.59% | 26.59% | 26.59% | 26.59% | 27.63% | 27.63% | 27.63% | 27.63% | 27.63% | 27.64% | 27.64% | 27.64% |
| Foreign promoters | 1.84% | 1.84% | 1.95% | 1.95% | 1.95% | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% | 2.05% | 2.05% | 2.05% | 2.27% | 2.49% | 2.54% | 2.54% | 4.32% | 5.93% | 5.93% | 5.93% | 5.93% | 5.93% | 5.93% | 5.93% | 5.87% | 5.87% | 5.87% | 5.87% | 5.87% | 5.88% | 5.88% | 5.88% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 63.90% | 63.91% | 72.10% | 72.10% | 72.12% | 72.25% | 72.21% | 72.05% | 72.04% | 72.07% | 72.08% | 72.08% | 72.09% | 72.09% | 72.12% | 72.12% | 72.15% | 72.04% | 72.04% | 72.04% | 71.59% | 71.55% | 71.04% | 71.04% | 69.26% | 67.65% | 67.65% | 67.65% | 67.48% | 67.48% | 67.48% | 67.48% | 66.49% | 66.50% | 66.50% | 66.50% | 66.50% | 66.49% | 66.49% | 66.49% |
| Depositary receipts | 8.36% | 8.35% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.04% | 0.04% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Promoter shares pledgedShare of the promoters' own shares | 4.59% | 0.00% | 0.00% | 0.00% | 0.00% | 1.63% | 1.63% | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% | 7.96% | 1.92% | 1.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Shares in issue | 50,69,50,858 | 50,70,17,118 | 50,80,02,602 | 50,80,37,582 | 50,83,56,747 | 50,93,33,081 | 50,93,42,670 | 50,93,42,670 | 50,93,42,670 | 50,93,42,670 | 50,93,42,670 | 76,40,22,956what Shares in issue, Sep 2019, includes. Bonus issue on 2 Jul 2019: 1 new share for every 2 held. Earlier filings count the shares before it. | 76,40,45,456 | 76,40,45,456 | 76,40,45,456 | 76,40,45,456 | 76,40,45,456 | 76,40,45,456 | 76,40,45,456 | 76,40,45,456 | 76,40,45,456 | 76,40,45,456 | 75,06,07,641 | 75,06,07,641 | 75,06,07,641 | 75,06,07,641 | 75,06,07,641 | 75,06,07,641 | 75,06,07,641 | 75,06,07,641 | 75,06,07,641 | 75,06,07,641 | 84,44,00,270 | 84,44,33,596 | 84,44,33,596 | 84,44,33,596 | 84,44,33,596 | 84,41,69,318 | 84,41,69,318 | 84,41,69,318 |
| Shares underlying depositary receipts | 4,23,61,062 | 4,23,61,062 | 2,57,120 | 2,57,120 | 2,49,120 | 2,49,120 | 2,49,120 | 2,49,120 | 2,49,120 | 2,49,120 | 1,89,120 | 2,83,680 | 2,83,680 | 2,83,680 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | 25,500 | – | 0 | 0 | – | – | – |
UPL promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Demuric Holdings Private Limited, 22.03%. The filing names 66 more members with no shares.Promoter buying and selling
| Holder | ||
|---|---|---|
| Demuric Holdings Private LimitedIndian companies, trusts and others | 22.03% | 18,59,92,965 |
| Uniphos Enterprises LimitedIndian companies, trusts and others | 4.94% | 4,16,99,378 |
| Suresight Ventures LimitedForeign companies and others | 1.74% | 1,46,78,380 |
| Harmonic Ventures LimitedForeign companies and others | 1.61% | 1,36,29,604 |
| Jaidev Rajnikant ShroffNon-resident and foreign individuals | 1.37% | 1,15,60,472 |
| Vikram Rajnikant ShroffNon-resident and foreign individuals | 1.14% | 96,41,450 |
| Shilpa P SagarIndividuals and Hindu undivided families | 0.45% | 38,11,998 |
| Jyoti Manshankar BhattIndividuals and Hindu undivided families | 0.12% | 10,42,798 |
| Jai SinghIndividuals and Hindu undivided families | 0.05% | 4,01,349 |
| Esthetic Finvest Private LimitedIndian companies, trusts and others | 0.02% | 1,89,880 |
| R Shroff Consultants Private LimitedIndian companies, trusts and others | 0.02% | 1,55,688 |
| Varun Jaidev ShroffNon-resident and foreign individuals | 0.01% | 46,062 |
Largest public holders of UPL, filing by filing
Per cent, on the same shares as the split above.Mutual funds holding UPL
| Holder | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Life Insurance Corporation of India with Sub AccountsInsurance companies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 4.51% | – | 4.33% |
| Mfs International Growth FundForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.26% | 1.26% | 1.26% | 1.26% | 1.28% | 1.29% | 1.28% | 1.51% | 1.58% | 1.66% | 1.71% | 1.71% | 1.68% | 1.68% | 1.68% | 1.48% | 1.51% | 1.53% | 1.60% | 1.66% | 1.66% | 1.66% | 1.60% |
| Pzena Emerging Markets Value FundForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.49% | 1.47% |
| Lazard Emerging Markets Equity PortfolioForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.20% | 1.00% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.02% | 1.14% | 1.27% | 1.45% |
| Jp Morgan Chase Bank, NaOverseas depositories | – | – | 8.29% | 8.29% | 8.28% | 8.27% | 8.27% | 8.27% | 8.27% | 8.27% | 8.27% | 8.27% | 8.27% | 8.27% | 8.27% | 8.27% | 8.27% | 8.16% | 8.16% | 8.16% | 7.94% | 7.73% | 7.20% | 7.20% | 5.52% | 3.93% | 4.03% | 4.03% | 3.30% | 3.31% | 3.31% | 3.31% | 2.94% | 3.00% | 2.93% | 2.87% | 2.15% | 1.32% | 1.32% | 1.32% |
| Vanguard International Value FundForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | 1.18% | 1.16% | 1.16% | 1.16% | 1.00% | 1.01% | – | – | 1.15% | 1.19% | 1.19% | 1.16% |
| Seafarer Overseas Growth & Income FundForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.07% | 1.27% | 1.39% | 1.23% | 1.23% | 1.09% | 1.23% | 1.11% | 1.11% | 1.12% | 1.16% | 1.16% |
| National Pension Service Managed By Lazard Asset Management Llc with Sub AccountsForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.13% |
| Skagen Kon-Tiki VerdipapirfondForeign portfolio investors, category I | – | – | – | – | – | – | – | – | 1.04% | – | – | – | – | 1.11% | 1.44% | 1.13% | 1.50% | 1.50% | 1.06% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.02% |
| Life Insurance Corporation of IndiaInsurance companies | – | – | – | – | – | – | – | – | – | 1.41% | 4.17% | 5.13% | 5.77% | 5.98% | 6.03% | 7.84% | 8.19% | 8.41% | 8.93% | 10.12% | 10.47% | 9.85% | 8.72% | 8.14% | 7.84% | 6.71% | 7.22% | 7.28% | 7.28% | 7.28% | 7.28% | 7.28% | 7.28% | 7.28% | 7.24% | 6.66% | 5.31% | – | 3.48% | – |
| National Pension Service Managed By Panagora Asset Management, Inc.Foreign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.04% | – |
| Sbi Life Insurance Co. LtdInsurance companies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.31% | 1.71% | 1.15% | – | – |
| National Pension Service Managed By Panagora Asset Management, Inc. with Sub AccountsForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.04% | – | – |
| Mfs Emerging Markets Equity FundForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.24% | 1.29% | 1.42% | 1.21% | 1.55% | 1.61% | 1.62% | 1.72% | 1.87% | 1.84% | 1.87% | 1.91% | 1.96% | 1.94% | 1.69% | 1.46% | 1.30% | 1.00% | – | – | – | – | – |
| Vanguard Total International Stock Index FundForeign portfolio investors, category I | – | – | – | – | – | – | – | 1.04% | 1.08% | 1.09% | 1.11% | 1.14% | 1.14% | 1.23% | 1.21% | 1.14% | 1.03% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0.97% | – | – | – | – | – |
| Stichting Depositary Apg Emerging Markets Equity PoolForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0.96% | – | – | – | – | – |
| Government Pension Fund GlobalForeign portfolio investors, category I | 2.22% | 2.26% | 2.25% | 2.25% | 2.25% | 2.79% | 2.79% | 2.90% | 2.90% | 3.11% | 3.24% | 3.03% | 2.80% | 2.73% | 2.91% | 2.76% | 3.74% | 3.28% | 3.12% | 2.83% | 2.80% | 2.80% | 2.97% | 2.56% | 2.22% | 1.96% | 1.56% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Vanguard Emerging Markets Stock Index Fund, A Series of Vanguard International Equity Index FundsInstitutions Foreign Portfolio Investor | – | – | – | – | – | – | 1.15% | 1.11% | 1.10% | 1.13% | 1.10% | 1.06% | 1.04% | 1.04% | – | – | – | – | 1.02% | – | – | – | 1.01% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Icici Prudential Life Insurance Company LimitedInsurance companies | 1.21% | 1.23% | 1.20% | 1.22% | 1.26% | 1.30% | 1.36% | 1.18% | 1.13% | 1.15% | – | – | – | 1.24% | 1.22% | 1.35% | 1.55% | 1.50% | 1.02% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Europacific Growth FundInstitutions Foreign Portfolio Investor | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.77% | 1.77% | 1.77% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Government of SingaporeInstitutions Foreign Portfolio Investor | 1.52% | 1.39% | 1.33% | 1.28% | 1.39% | 1.44% | 1.50% | 1.60% | 1.57% | 1.50% | 1.43% | 1.25% | 1.21% | 1.17% | – | 1.06% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Nordea 1 Sicav - Stable Return FundInstitutions Foreign Portfolio Investor | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.03% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Kontiki Master FundInstitutions Foreign Portfolio Investor | – | – | – | – | – | – | – | – | – | – | – | 1.39% | 1.63% | 2.40% | 2.25% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| New World Fund IncInstitutions Foreign Portfolio Investor | – | – | – | – | – | – | – | – | 1.01% | 1.58% | 1.69% | 1.69% | 1.69% | 1.56% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Mawer International Equity FundInstitutions Foreign Portfolio Investor | – | – | – | – | 1.08% | 1.25% | 1.27% | 1.27% | 1.26% | 1.27% | 1.26% | 1.27% | 1.27% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Abu Dhabi Investment Authority - ItchenInstitutions Foreign Portfolio Investor | – | – | – | – | 1.28% | 1.27% | 1.32% | 1.41% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Vanguard Emerging Markets Stock Index FundInstitutions Foreign Portfolio Investor | – | – | – | – | – | 1.21% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Vanguard Emerging Markets Stock Index Fund, Aseries of Vanguard International Equity Inde X FundForeign portfolio investors, category I | 1.09% | 1.12% | 1.16% | 1.19% | 1.20% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| John Hancock Funds Iii International Growth FundForeign portfolio investors, category I | – | – | 1.10% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Copthall Mauritius Investment LimitedInstitutions Foreign Portfolio Investor | – | 1.05% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Resonance Opportunities FundInstitutions Foreign Portfolio Investor | 1.05% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
Who moved in the Sep 2026 filing
Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.
- Foreign institutions: National Pension Service Managed By Lazard Asset Management Llc with Sub Accounts newly named at 1.13%; National Pension Service Managed By Panagora Asset Management, Inc. no longer named, from 1.04%; Skagen Kon-Tiki Verdipapirfond newly named at 1.02%; 4 more moved
- Indian institutions: Life Insurance Corporation of India with Sub Accounts newly named at 4.33%; Life Insurance Corporation of India no longer named, from 3.48%