UPL Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NSEI:UPL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
05 Dec 24	Sell₹1,118,000	Arun Ashar	Individual	2,000	₹559.00
27 Sep 24	Sell₹4,980,999	Arun Ashar	Individual	8,200	₹607.44
24 Sep 24	Sell₹1,209,650	Arun Ashar	Individual	2,000	₹604.82
20 Sep 24	Sell₹14,639,098	Arun Ashar	Individual	25,000	₹585.56

Insider Trading Volume

Insider Buying: UPL insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of UPL?
Owner Type	Number of Shares	Ownership Percentage
State or Government	1,808,946	0.241%
Individual Insiders	20,028,410	2.67%
General Public	155,396,593	20.7%
Private Companies	209,603,956	27.9%
Institutions	363,769,736	48.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 72.93% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
25.9%	Demuric Holdings Pvt. Ltd.	194,618,403	₹98.2b	0%	no data
7.28%	Life Insurance Corporation of India, Asset Management Arm	54,618,419	₹27.5b	0%	0.19%
5.76%	ICICI Prudential Asset Management Company Limited	43,268,208	₹21.8b	47.6%	0.39%
3.38%	Massachusetts Financial Services Company	25,351,321	₹12.8b	-6.74%	0.03%
3.31%	JPMorgan Chase & Co, Private Banking and Investment Banking Investments	24,873,638	₹12.5b	0.25%	0.08%
3.05%	BlackRock, Inc.	22,863,903	₹11.5b	0%	no data
2.82%	The Vanguard Group, Inc.	21,202,093	₹10.7b	0.19%	no data
2.81%	E Fund Management Co., Ltd.	21,126,928	₹10.7b	0%	0.14%
1.96%	Suresight Ventures Limited	14,678,380	₹7.4b	0%	no data
1.82%	Harmonic Ventures Limited	13,629,604	₹6.9b	0%	no data
1.56%	Norges Bank Investment Management	11,679,379	₹5.9b	0%	0.01%
1.48%	SBI Funds Management Limited	11,130,124	₹5.6b	0%	0.07%
1.25%	Dimensional Fund Advisors LP	9,417,437	₹4.8b	-0.48%	0.01%
1.23%	Seafarer Capital Partners, LLC	9,200,000	₹4.6b	-11.5%	1.72%
1.19%	Jaidev Rajnikant Shroff	8,962,230	₹4.5b	0%	no data
1.16%	Lazard Asset Management LLC	8,684,234	₹4.4b	0%	0.05%
1.13%	HDFC Asset Management Company Limited	8,451,028	₹4.3b	0%	0.09%
1.08%	Mirae Asset Global Investments Co., Ltd.	8,118,563	₹4.1b	0%	0.04%
1.03%	Skagen AS	7,751,011	₹3.9b	0%	0.68%
0.96%	Vikram Shroff	7,191,364	₹3.6b	0%	no data
0.89%	Northern Trust Global Investments	6,667,461	₹3.4b	4.93%	0.01%
0.56%	Kotak Mahindra Asset Management Company Limited	4,196,542	₹2.1b	1.24%	0.07%
0.45%	Shilpa Shroff	3,388,443	₹1.7b	0%	no data
0.45%	Wasatch Advisors LP	3,346,350	₹1.7b	0%	0.07%
0.4%	Tata Asset Management Limited	2,972,707	₹1.5b	39.7%	0.14%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 02:26
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

UPL Limited is covered by 46 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Himanshu Binani	Anand Rathi Shares and Stock Brokers Limited
null null	Anand Rathi Shares and Stock Brokers Limited
Sageraj Bariya	Angel Broking Private Limited