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UPL shareholders and shareholding pattern

NSE: UPLBSE: 512070Fertilizers & AgrochemicalsMid Cap

Formerly United Phosphorus
Last close ₹508.65down ₹5.45 (1.06%)BSE ₹506.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹514.10.

52-week range of traded prices to 23 Oct 2026
₹476.45Low, 8 Oct 2026₹812.20High, 2 Jan 2026
Market cap
₹42,939 Cr187th largest listed
P/E
21.3
P/B
1.2
Dividend yield
1.18%
ROE
6.3%
ROCE
9.4%
Debt to equity
0.53
Volume, NSE
9,73,84948.8% delivered

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. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

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 centDec 2016Filed 19 JanMar 2017Filed 21 AprJun 2017Filed 26 MarSep 2017Filed 26 MarDec 2017Filed 26 MarMar 2018Filed 17 AprJun 2018Filed 16 JulSep 2018Filed 15 OctDec 2018Filed 17 JanMar 2019Filed 13 AprJun 2019Filed 19 JulSep 2019Filed 16 OctDec 2019Filed 21 JanMar 2020Filed 28 AprJun 2020Filed 20 JulSep 2020Filed 20 OctDec 2020Filed 20 JanMar 2021Filed 20 AprJun 2021Filed 20 JulSep 2021Filed 21 OctDec 2021Filed 31 JulMar 2022Filed 19 AprJun 2022Filed 20 JulSep 2022Filed 20 OctDec 2022Filed 20 JanMar 2023Filed 20 AprJun 2023Filed 18 JulSep 2023Filed 19 OctDec 2023Filed 16 JanMar 2024Filed 19 AprJun 2024Filed 18 JulSep 2024Filed 18 OctDec 2024Filed 15 JanMar 2025Filed 16 AprJun 2025Filed 19 JulSep 2025Filed 14 OctDec 2025Filed 9 JanMar 2026Filed 17 AprJun 2026Filed 20 JulSep 2026Filed 16 Oct
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 promoters25.91%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 promoters1.84%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%
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 receipts8.36%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 shares4.59%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 issue50,69,50,85850,70,17,11850,80,02,60250,80,37,58250,83,56,74750,93,33,08150,93,42,67050,93,42,67050,93,42,67050,93,42,67050,93,42,67076,40,22,95676,40,45,45676,40,45,45676,40,45,45676,40,45,45676,40,45,45676,40,45,45676,40,45,45676,40,45,45676,40,45,45676,40,45,45675,06,07,64175,06,07,64175,06,07,64175,06,07,64175,06,07,64175,06,07,64175,06,07,64175,06,07,64175,06,07,64175,06,07,64184,44,00,27084,44,33,59684,44,33,59684,44,33,59684,44,33,59684,41,69,31884,41,69,31884,41,69,318
Shares underlying depositary receipts4,23,61,0624,23,61,0622,57,1202,57,1202,49,1202,49,1202,49,1202,49,1202,49,1202,49,1201,89,1202,83,6802,83,6802,83,68025,50025,50025,50025,50025,50025,50025,50025,50025,50025,50025,50025,50025,50025,50025,50025,50025,50025,50025,50025,500–00–––
Filings before Jun 2017 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of UPL shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

ShareholdersDec 2016Filed 19 JanMar 2017Filed 21 AprJun 2017Filed 26 MarSep 2017Filed 26 MarDec 2017Filed 26 MarMar 2018Filed 17 AprJun 2018Filed 16 JulSep 2018Filed 15 OctDec 2018Filed 17 JanMar 2019Filed 13 AprJun 2019Filed 19 JulSep 2019Filed 16 OctDec 2019Filed 21 JanMar 2020Filed 28 AprJun 2020Filed 20 JulSep 2020Filed 20 OctDec 2020Filed 20 JanMar 2021Filed 20 AprJun 2021Filed 20 JulSep 2021Filed 21 OctDec 2021Filed 31 JulMar 2022Filed 19 AprJun 2022Filed 20 JulSep 2022Filed 20 OctDec 2022Filed 20 JanMar 2023Filed 20 AprJun 2023Filed 18 JulSep 2023Filed 19 OctDec 2023Filed 16 JanMar 2024Filed 19 AprJun 2024Filed 18 JulSep 2024Filed 18 OctDec 2024Filed 15 JanMar 2025Filed 16 AprJun 2025Filed 19 JulSep 2025Filed 14 OctDec 2025Filed 9 JanMar 2026Filed 17 AprJun 2026Filed 20 JulSep 2026Filed 16 Oct
All shareholders62,40963,42367,46772,34079,71496,7181,09,1181,05,95497,18683,27182,46693,46496,1041,17,4241,60,2521,63,6292,45,7971,75,4371,93,7602,37,5552,45,1352,40,0122,45,3702,69,1682,53,0542,53,5482,80,8193,83,2994,08,0284,83,5144,38,8893,76,2893,59,3553,23,8003,06,9752,84,6752,68,6042,76,9892,72,8682,80,071
15171515151414131313131313131313121212121613131315151515181818181818181818181817
Indian promoters131413131312121111111111111111111010101012977777710101010101010101010109
Foreign promoters2322222222222222222244668888888888888888
62,39063,40267,44972,32279,69796,7021,09,1021,05,93997,17183,25682,45193,44996,0891,17,4091,60,2381,63,6152,45,7841,75,4241,93,7472,37,5422,45,1182,39,9982,45,3562,69,1542,53,0382,53,5322,80,8033,83,2834,08,0094,83,4954,38,8703,76,2703,59,3363,23,7813,06,9572,84,6572,68,5862,76,9712,72,8502,80,054
Filings before Jun 2017 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state.

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 others22.03%18,59,92,965
Uniphos Enterprises LimitedIndian companies, trusts and others4.94%4,16,99,378
Suresight Ventures LimitedForeign companies and others1.74%1,46,78,380
Harmonic Ventures LimitedForeign companies and others1.61%1,36,29,604
Jaidev Rajnikant ShroffNon-resident and foreign individuals1.37%1,15,60,472
Vikram Rajnikant ShroffNon-resident and foreign individuals1.14%96,41,450
Shilpa P SagarIndividuals and Hindu undivided families0.45%38,11,998
Jyoti Manshankar BhattIndividuals and Hindu undivided families0.12%10,42,798
Jai SinghIndividuals and Hindu undivided families0.05%4,01,349
Esthetic Finvest Private LimitedIndian companies, trusts and others0.02%1,89,880
R Shroff Consultants Private LimitedIndian companies, trusts and others0.02%1,55,688
Varun Jaidev ShroffNon-resident and foreign individuals0.01%46,062
No promoter shares are reported as pledged.

Largest public holders of UPL, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding UPL

HolderDec 2016Filed 19 JanMar 2017Filed 21 AprJun 2017Filed 26 MarSep 2017Filed 26 MarDec 2017Filed 26 MarMar 2018Filed 17 AprJun 2018Filed 16 JulSep 2018Filed 15 OctDec 2018Filed 17 JanMar 2019Filed 13 AprJun 2019Filed 19 JulSep 2019Filed 16 OctDec 2019Filed 21 JanMar 2020Filed 28 AprJun 2020Filed 20 JulSep 2020Filed 20 OctDec 2020Filed 20 JanMar 2021Filed 20 AprJun 2021Filed 20 JulSep 2021Filed 21 OctDec 2021Filed 31 JulMar 2022Filed 19 AprJun 2022Filed 20 JulSep 2022Filed 20 OctDec 2022Filed 20 JanMar 2023Filed 20 AprJun 2023Filed 18 JulSep 2023Filed 19 OctDec 2023Filed 16 JanMar 2024Filed 19 AprJun 2024Filed 18 JulSep 2024Filed 18 OctDec 2024Filed 15 JanMar 2025Filed 16 AprJun 2025Filed 19 JulSep 2025Filed 14 OctDec 2025Filed 9 JanMar 2026Filed 17 AprJun 2026Filed 20 JulSep 2026Filed 16 Oct
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 I2.22%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 companies1.21%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 Investor1.52%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 I1.09%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 Investor1.05%–––––––––––––––––––––––––––––––––––––––
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.