Usha Martin Ltd
Usha Martin Ltd is primarily engaged in manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in sale of other products such as wire drawing and allied machines.[1]
- Market Cap ₹ 10,911 Cr.
- Current Price ₹ 358
- High / Low ₹ 380 / 213
- Stock P/E 25.7
- Book Value ₹ 78.1
- Dividend Yield 0.70 %
- ROCE 22.1 %
- ROE 19.2 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 52.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 20.9%
Cons
- Promoter holding has decreased over last quarter: -1.36%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,622 | 4,074 | 4,561 | 4,112 | 3,882 | 2,066 | 2,488 | 2,154 | 2,097 | 2,688 | 3,268 | 3,225 | |
3,006 | 3,357 | 3,845 | 3,771 | 3,493 | 2,253 | 2,512 | 1,922 | 1,818 | 2,304 | 2,754 | 2,627 | |
Operating Profit | 616 | 717 | 717 | 341 | 389 | -188 | -24 | 232 | 279 | 384 | 513 | 599 |
OPM % | 17% | 18% | 16% | 8% | 10% | -9% | -1% | 11% | 13% | 14% | 16% | 19% |
89 | 82 | -63 | 32 | 120 | 77 | 17 | 537 | 29 | 75 | 40 | 53 | |
Interest | 338 | 440 | 522 | 547 | 564 | 92 | 114 | 74 | 57 | 42 | 30 | 25 |
Depreciation | 264 | 333 | 418 | 308 | 300 | 60 | 61 | 64 | 68 | 70 | 67 | 77 |
Profit before tax | 104 | 27 | -287 | -481 | -355 | -264 | -181 | 630 | 183 | 346 | 455 | 550 |
Tax % | 21% | 50% | 12% | 11% | -1% | -2% | 126% | 33% | 20% | 16% | 23% | 23% |
82 | 13 | -251 | -428 | -358 | -268 | 49 | 421 | 152 | 291 | 351 | 424 | |
EPS in Rs | 2.59 | 0.35 | -8.31 | -14.10 | -11.78 | -8.90 | 1.57 | 13.74 | 4.91 | 9.56 | 11.49 | 13.91 |
Dividend Payout % | 6% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 21% | 22% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | -2% |
5 Years: | 5% |
3 Years: | 15% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 44% |
5 Years: | 53% |
3 Years: | 42% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 62% |
3 Years: | 95% |
1 Year: | 68% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 20% |
3 Years: | 18% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 1,905 | 1,972 | 1,728 | 1,294 | 914 | 697 | 751 | 1,197 | 1,373 | 1,663 | 2,000 | 2,349 |
3,193 | 3,732 | 3,993 | 4,472 | 4,364 | 4,073 | 3,565 | 620 | 530 | 411 | 417 | 364 | |
2,718 | 2,914 | 2,556 | 2,140 | 2,423 | 2,646 | 2,645 | 696 | 649 | 625 | 627 | 587 | |
Total Liabilities | 7,846 | 8,649 | 8,307 | 7,936 | 7,731 | 7,445 | 6,992 | 2,544 | 2,582 | 2,730 | 3,075 | 3,330 |
3,641 | 5,500 | 5,477 | 5,302 | 5,031 | 4,862 | 935 | 956 | 932 | 913 | 952 | 1,153 | |
CWIP | 1,294 | 373 | 132 | 147 | 121 | 113 | 13 | 33 | 45 | 38 | 139 | 166 |
Investments | 0 | 0 | 0 | 46 | 37 | 39 | 42 | 44 | 48 | 56 | 66 | 56 |
2,911 | 2,775 | 2,698 | 2,441 | 2,542 | 2,432 | 6,001 | 1,511 | 1,557 | 1,722 | 1,917 | 1,955 | |
Total Assets | 7,846 | 8,649 | 8,307 | 7,936 | 7,731 | 7,445 | 6,992 | 2,544 | 2,582 | 2,730 | 3,075 | 3,330 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
429 | 1,144 | 729 | 856 | 686 | 914 | 974 | 212 | 214 | 159 | 252 | 444 | |
-810 | -1,050 | -563 | -385 | -29 | -35 | -3 | 2,942 | -34 | 57 | -155 | -288 | |
243 | 18 | -266 | -491 | -663 | -872 | -973 | -3,105 | -177 | -161 | -101 | -159 | |
Net Cash Flow | -138 | 113 | -100 | -20 | -5 | 7 | -2 | 50 | 2 | 55 | -4 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58 | 47 | 39 | 55 | 64 | 119 | 48 | 51 | 57 | 56 | 56 | 61 |
Inventory Days | 454 | 400 | 378 | 241 | 261 | 350 | 156 | 183 | 209 | 196 | 180 | 199 |
Days Payable | 465 | 429 | 397 | 288 | 362 | 561 | 78 | 108 | 113 | 72 | 60 | 56 |
Cash Conversion Cycle | 47 | 18 | 20 | 7 | -37 | -92 | 126 | 126 | 153 | 180 | 175 | 204 |
Working Capital Days | 18 | -28 | -4 | -40 | -49 | -117 | 19 | 96 | 122 | 123 | 116 | 126 |
ROCE % | 9% | 9% | 6% | 1% | 3% | -4% | -1% | 22% | 13% | 18% | 21% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 22h
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Press release issued by the Company in respect of the Audited Financial Result for the quarter and year ended 31st March 2024
- Announcement under Regulation 30 (LODR)-Investor Presentation 2d
- Corporate Action-Board approves Dividend 2d
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Based on the recommendation of Nomination and Remuneration Committee, the Board at their meeting held on Friday, 26th April 2024 has approved re-appointment of Mrs. …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Apr 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Apr 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2016TranscriptNotesPPT
Product Offerings
The company offers a wide range of Specialty wire ropes, High-quality wires, Low relaxation prestressed concrete steel strands, Bespoke end-fitments, accessories and related services. [1]