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Utpal Sheth Portfolio: Latest Stocks, Portfolio and Shareholdings in 2026

Utpal Sheth is a Mumbai-based investor and the Founder and Mentor of TRUST Group, a financial services platform. He is best known as the former Senior Partner and CEO of RARE Enterprises, the proprietary asset management firm of the late Rakesh Jhunjhunwala, where he was widely regarded as Jhunjhunwala's right-hand man. He has a publicly disclosed net worth of over Rs. 527.4 cr. based on corporate shareholding filings for the quarter ending 30th June, 2026. This article covers his disclosed stock holdings, portfolio composition, investment approach, and sector exposure, based on publicly available data.

Latest Utpal Sheth Stock Portfolio & Holdings (2026)

Utpal Sheth Portfolio Stock Screener

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NameStocks (6)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Star Health and Allied Insurance Company LtdSTARHEALTHInsuranceInsurance32,495.3332,495.33563.20563.2058.3458.342.012.011.381.3819.5919.5917.4117.414.294.297.617.619.409.40--0.060.061.621.62
2.Raghav Productivity Enhancers LtdRPELSpecialty ChemicalsSpecialty Chemicals7,963.337,963.331,798.501,798.50145.32145.323.713.71-3.80-3.80159.75159.75154.62154.6232.5732.5725.0125.0127.7127.710.060.060.020.023.583.58
3.Aym Syntex LtdAYMSYNTEXTextilesTextiles1,602.851,602.85271.70271.70244.71244.71-0.35-0.35-2.96-2.9642.4942.4945.7245.722.722.721.121.126.356.35--0.320.323.243.24
4.Garuda Construction and Engineering LtdGARUDAConstruction & EngineeringConstruction & Engineering1,522.441,522.44165.17165.1712.4212.420.940.94-9.62-9.62-2.85-2.85-16.00-16.003.353.3531.1831.1836.7236.72--0.030.033.563.56
5.Aptech LtdAPTECHTEducation ServicesEducation Services492.21492.2186.2886.2820.9320.931.671.67-3.14-3.142.392.39-26.63-26.631.981.989.419.4114.1514.155.305.300.050.052.832.83
6.Autoline Industries LtdAUTOINDAuto PartsAuto Parts372.58372.5880.3380.339.649.64-2.17-2.17-3.45-3.4522.7322.7314.7214.721.831.8322.2922.2924.2124.21--1.591.593.583.58
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Utpal Sheth's Bulk and Block Deals

Bulk and block deals provide market participants with greater transparency about significant transactions. A bulk deal occurs when the total quantity of shares bought or sold in a single transaction exceeds 0.5% of the company's total equity shares. A block deal involves a minimum transaction of 5 lakh shares or a minimum value of Rs. 10 cr., executed through a separate trading window.


Here's how you can find the latest bulk and block deals by Utpal Sheth:

  1. Open Market Movers on Tickertape
  2. Under Party, type Utpal Sheth (some filings list the full name, Utpal Hemendra Sheth)
  3. Select the relevant Category (Bulk Deal or Block Deal) and Transaction Type (Buy or Sell)

The results show Utpal Sheth's latest bulk and block deals. The platform also allows date filtering to review historical transactions and identify patterns over time.

Investor Profile – Utpal Sheth

Utpal Hemendra Sheth has over three decades of experience in Indian capital markets. In the early part of his career, he was a Director at Insight Asset Management (India), an equity research and portfolio advisory firm, and at HRS Insight Financial Intermediaries, a broking company. In 2001, he was Principal Relationship Manager for investment banking at Enam Financial Consultants.

He later joined RARE Enterprises, Rakesh Jhunjhunwala's proprietary asset management firm, where as Senior Partner and CEO he was responsible for investment management, risk management, and institutionalising the firm. He has served on the boards of several companies linked to the RARE portfolio, including Aptech, Metro Brands, and Star Health and Allied Insurance. In 2026, he was appointed as a Non-Executive Nominee Director of Star Health.

Today, Sheth is the Founder and Mentor of TRUST Group, a multi-asset financial services platform with a strong presence in debt capital markets, and of Chanakya Wealth Creation. He has co-chaired FICCI's Capital Markets Committee and co-authored the book India's Money Monarchs with Chetan Parikh and Navin Agarwal.

  1. Full name: Utpal Hemendra Sheth
  2. Education: Bachelor's degree in Commerce; Chartered Financial Analyst from ICFAI, Hyderabad (all-India gold medallist); Cost and Works Accountant
  3. Current role: Founder and Mentor, TRUST Group; Non-Executive Nominee Director, Star Health and Allied Insurance
  4. Previous role: Senior Partner and CEO, RARE Enterprises
  5. Investment experience: Over 30 years in Indian capital markets
  6. Disclosed portfolio value: Over Rs. 527.4 cr. (quarter ending 30th June, 2026)
  7. Number of disclosed holdings: 6 stocks

Overview of Stocks in Utpal Sheth's Portfolio

Star Health and Allied Insurance Company Ltd

Star Health and Allied Insurance is India's largest standalone health insurance company. It offers retail and group health, personal accident, and travel insurance through a large agency network and a growing digital channel. The company was backed by the Rakesh Jhunjhunwala family and Westbridge Capital before its listing in 2021.

Raghav Productivity Enhancers Ltd

Raghav Productivity Enhancers is a Jaipur-based manufacturer of silica ramming mass, a refractory material used to line induction furnaces in the steel and foundry industries. The company supplies customers in India and exports to several international markets.

Garuda Construction and Engineering Ltd

Garuda Construction and Engineering is a Mumbai-based civil construction company that works on residential, commercial, infrastructure, and hospitality projects. It also provides operations and maintenance services. The company listed on the stock exchanges in October 2024.

Aptech Ltd

Aptech Limited is a Mumbai-based education and skills training company with a presence in India and international markets. It offers courses in areas such as media and entertainment, animation, aviation, hospitality, and IT, along with assessment services, through its retail and institutional businesses.

AYM Syntex Ltd

AYM Syntex Limited manufactures synthetic filament yarns, including polyester, nylon, and specialty yarns used in apparel, home textiles, carpets, and technical textiles. Its manufacturing facilities are located in Silvassa and Palghar.

Autoline Industries Ltd

Autoline Industries is a Pune-based manufacturer of sheet metal stampings, assemblies, and sub-assemblies for the automotive industry. Its customers include leading passenger vehicle, commercial vehicle, and tractor manufacturers.

Utpal Sheth Portfolio Composition

The following table shows the publicly disclosed holdings of Utpal Sheth as per corporate shareholding data filed for the quarter ending 30th June, 2026.

Stock Name Holding Value (in cr.) Quantity Held Holding Percent (%) Change from Previous Qtr
Raghav Productivity Enhancers Ltd 284.0 16,60,844 3.62% 0.00
Star Health and Allied Insurance Company Ltd 173.5 32,24,000 0.55% New
Garuda Construction and Engineering Ltd 37.3 21,10,021 2.27% 0.00
AYM Syntex Ltd 16.8 5,89,040 1.00% 0.00
Aptech Ltd 8.0 9,08,000 1.57% 0.00
Autoline Industries Ltd 7.8 9,47,000 2.09% 0.00

Holdings are sorted by value. Raghav Productivity Enhancers is the largest position at about 54% of the disclosed portfolio, followed by Star Health at about 33%. The Star Health stake is a new addition in the June 2026 quarter, while all other holdings were unchanged from the previous quarter.

How to Invest in Utpal Sheth Portfolio Stocks?

Here's how you can invest in Utpal Sheth's portfolio stocks using Tickertape:

  1. Create an account on Tickertape or log in to your existing account.
  2. Open the Utpal Sheth Portfolio Screener to view his disclosed holdings.
  3. Filter stocks using 200+ parameters, including financials, fundamentals, valuations, and technicals, to evaluate each holding based on your investment criteria.
  4. Once you have decided on a stock, you can place a buy order through your linked broker account directly from the Tickertape platform.

You can stay updated on any changes to Utpal Sheth's holdings using Tickertape Alerts. Track your investments and monitor performance from your portfolio now!

Utpal Sheth Net Worth

As per corporate shareholdings filed for 30th June, 2026, Utpal Sheth publicly holds 6 stocks with a disclosed net worth of over Rs. 527.4 cr. This figure reflects publicly disclosed equity stakes in listed Indian companies, as captured in shareholding data filed with the exchanges. The majority of this disclosed value is concentrated in Raghav Productivity Enhancers Ltd, which accounts for over Rs. 284.0 cr. of the total. This figure does not reflect his private market investments or the holdings of Utpal Sheth TRUST Group.

Utpal Sheth's Investment Strategy

Long-Term Investing in Public and Private Markets

Sheth focuses on long-term investing across both listed and unlisted companies, with an emphasis on portfolio construction and risk management. This approach was shaped by his years at RARE Enterprises, which held many of its positions for long periods.

Backing Market Leaders

Sheth has spoken about looking for dominant businesses, or 'gorillas', in their industries. Star Health, India's largest standalone health insurer, and Raghav Productivity Enhancers, a leading maker of ramming mass, fit this idea of companies with strong positions in their markets.

Active Engagement With Investee Companies

He regularly engages with the companies he invests in to improve shareholder value by focusing on sustainable value drivers. His board roles at companies such as Star Health and Aptech reflect this hands-on approach.

Mix of Large and Small Companies

The portfolio pairs a large-cap insurer with several small-cap manufacturing and services businesses. This mix combines a relatively stable core holding with smaller companies that may offer higher growth but also carry higher risk.

Learnings From Utpal Sheth's Portfolio

Risk Management Is as Important as Returns

Sheth's career has centred on risk management alongside investment selection. For investors, position sizing and understanding downside risks are as important as finding good companies.

Know the Businesses You Own

Several of his holdings are companies where he has served on the board or engaged closely with management. Investors can apply a similar principle by researching a business thoroughly before investing.

Patience Can Pay Off

Five of the six holdings were unchanged from the previous quarter, which suggests a low-turnover approach. Holding quality businesses through market cycles gives them time to compound.

Concentration Needs Conviction

Two stocks make up about 87% of the disclosed value. Concentrated portfolios can magnify both gains and losses, so most individual investors are better served by diversification.

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Utpal Sheth Portfolio: Sector Allocation

Industrial Materials

Industrial materials form the largest part of Utpal Sheth’s disclosed portfolio. Raghav Productivity Enhancers accounts for about ₹284 cr, or roughly 54% of the disclosed portfolio value. The company manufactures ramming mass and other refractory products used in induction furnaces, linking this holding closely to steel production and foundry activity.

Insurance

Insurance is the second-largest sector exposure in the portfolio. Star Health accounts for about 33% of the disclosed portfolio value. As a standalone health insurer, its business is linked to health insurance penetration, premium growth, claims experience, healthcare costs, and regulatory developments in India’s insurance market.

Construction and Engineering

Garuda Construction and Engineering contributes about 7% of the disclosed portfolio value. The company operates across civil construction and related project execution, giving the portfolio exposure to activity in real estate development, infrastructure spending, and construction demand.

Textiles

AYM Syntex represents about 3% of the disclosed portfolio. The company manufactures speciality and synthetic yarns used across textiles and other applications. Its performance can be influenced by raw material prices, export demand, capacity utilisation, and trends across the textile value chain.

Education and Training

Aptech accounts for around 1.5% of the disclosed portfolio value. Its businesses span vocational training and education services, making this a smaller exposure to demand for professional skills, digital training, and employment-oriented education.

Auto Components

Autoline Industries also contributes roughly 1.5% of the disclosed portfolio. The company manufactures automotive components, linking this part of the portfolio to vehicle production volumes, demand from original equipment manufacturers, input costs, and broader trends in the automobile industry.

Conclusion

Utpal Sheth's portfolio reflects the approach of an investor shaped by years of long-term, research-driven investing at RARE Enterprises. The disclosed portfolio of six stocks, valued at over Rs. 527.4 cr. as of the quarter ending 30th June, 2026, is led by Raghav Productivity Enhancers and Star Health, with smaller positions in construction, textiles, education, and auto components.

It is important to remember that public disclosure data generally captures only stakes above the 1% threshold and does not represent a complete picture of Utpal Sheth's wealth, his private market investments, or the holdings of TRUST Group. Investment decisions should be based on independent research, individual financial goals, and risk tolerance.

For independent stock analysis, investors can use the Tickertape Stock Screener to evaluate stocks on 200+ parameters, or track recent market transactions through Tickertape Market Movers.

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Frequently Asked Questions About the Utpal Sheth Portfolio

  1. Who is Utpal Sheth?

    Utpal Sheth is a Mumbai-based investor and the Founder and Mentor of TRUST Group. He was previously Senior Partner and CEO of RARE Enterprises, the proprietary asset management firm of Rakesh Jhunjhunwala, and has over 30 years of experience in Indian capital markets.

  2. What does the Utpal Sheth portfolio 2026 include?

    As per corporate shareholding data filed for the quarter ending 30th June, 2026, Utpal Sheth's publicly disclosed portfolio includes Raghav Productivity Enhancers Ltd (3.62%, Rs. 284.0 cr.), Star Health and Allied Insurance Company Ltd (0.55%, Rs. 173.5 cr.), Garuda Construction and Engineering Ltd (2.27%, Rs. 37.3 cr.), AYM Syntex Ltd (1.00%, Rs. 16.8 cr.), Aptech Ltd (1.57%, Rs. 8.0 cr.), and Autoline Industries Ltd (2.09%, Rs. 7.8 cr.).

  3. What stocks does Utpal Sheth hold?

    As per the latest available public shareholding disclosures, Utpal Sheth holds the following stocks:
    1. Star Health and Allied Insurance Company Ltd
    2. Raghav Productivity Enhancers Ltd
    3. Garuda Construction and Engineering Ltd
    4. Aptech Ltd
    5. AYM Syntex Ltd
    6. Autoline Industries Ltd

  4. What is the net worth of Utpal Sheth?

    Based on corporate shareholding data filed for the quarter ending 30th June, 2026, Utpal Sheth's disclosed public equity holdings are valued at over Rs. 527.4 cr. This figure covers only publicly disclosed stakes in listed Indian companies and does not include private investments.

  5. What is Utpal Sheth's largest holding?

    As of the quarter ending 30th June, 2026, Utpal Sheth's largest disclosed holding is Raghav Productivity Enhancers Ltd, in which he holds 16,60,844 shares, representing a 3.62% stake valued at approximately Rs. 284.0 cr.

  6. What new stock has Utpal Sheth added recently?

    Star Health and Allied Insurance Company Ltd is the newest addition to Utpal Sheth's disclosed portfolio. He holds 32,24,000 shares, a 0.55% stake valued at approximately Rs. 173.5 cr., as of the quarter ending 30th June, 2026.

  7. What is Utpal Sheth's connection with Rakesh Jhunjhunwala?

    Utpal Sheth was the Senior Partner and CEO of RARE Enterprises, Rakesh Jhunjhunwala's proprietary asset management firm, and was widely regarded as his right-hand man. He was responsible for investment management, risk management, and institutionalising the firm.

  8. What is TRUST Group?

    TRUST Group is a multi-line, multi-asset financial services platform founded by Utpal Sheth. It has a strong presence in debt capital markets and also offers advisory, asset management, and wealth management services.

Disclaimer: This article is for informational purposes only. The content of the article, including securities/investment products mentioned, if any, should not in any manner be construed as investment advice, recommendation, offer, or solicitation to buy/hold/sell any securities/investment products. The securities quoted, if any, are for illustration only and are not recommendatory. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.