Usha Martin Ltd

Usha Martin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Usha Martin Ltd

₹ 454 -2.08%
05 May - close price
ushamartin.com BSE: 517146 NSE: USHAMART
About

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]

Key Points

Market Leadership
The company is the leading player in India's wire and wire rope industry, holding the top position as a provider of specialty steel wire rope solutions in the country. Globally, it ranks among the top five manufacturers in the sector. [1] [2]

Website BSE NSE
  • Market Cap ₹ 13,847 Cr.
  • Current Price ₹ 454
  • High / Low ₹ 498 / 281
  • Stock P/E 35.4
  • Book Value ₹ 58.7
  • Dividend Yield 0.66 %
  • ROCE 30.0 %
  • ROE 23.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 31.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 29.6%

Cons

  • Stock is trading at 7.74 times its book value
  • The company has delivered a poor sales growth of 11.4% over past five years.
  • Promoter holding has decreased over last 3 years: -7.34%

* 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

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE 500 Nifty 500 Nifty500 Shariah BSE Industrials BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
511 501 498 532 515 514 547 565 544 540 551 582 640
428 410 398 420 418 413 442 450 444 444 436 456 474
Operating Profit 84 91 100 112 97 101 106 115 100 96 115 125 166
OPM % 16% 18% 20% 21% 19% 20% 19% 20% 18% 18% 21% 22% 26%
12 17 30 5 8 3 12 3 23 15 12 -10 15
Interest 4 1 2 2 2 2 3 3 3 2 1 1 0
Depreciation 7 7 7 8 11 10 11 12 13 14 14 14 15
Profit before tax 85 100 120 108 92 92 104 102 107 95 112 100 165
Tax % 26% 22% 24% 24% 23% 25% 25% 25% 27% 26% 29% 26% 22%
63 78 91 81 71 69 78 77 78 71 80 74 128
EPS in Rs 2.07 2.57 2.99 2.67 2.33 2.26 2.56 2.53 2.57 2.33 2.61 2.44 4.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,746 3,432 3,247 1,387 1,708 1,393 1,346 1,810 2,042 2,046 2,171 2,312
3,138 3,140 2,901 1,639 1,795 1,222 1,154 1,559 1,744 1,646 1,749 1,811
Operating Profit 608 291 346 -252 -87 171 191 252 298 400 422 501
OPM % 16% 8% 11% -18% -5% 12% 14% 14% 15% 20% 19% 22%
-62 34 117 75 30 511 10 64 31 60 41 32
Interest 507 531 549 76 90 58 45 31 15 7 11 5
Depreciation 383 273 269 29 28 28 31 31 27 33 47 57
Profit before tax -344 -479 -355 -282 -176 596 126 253 287 421 405 471
Tax % -15% -12% 0% 0% -134% 34% 20% 17% 26% 23% 25% 25%
-292 -419 -355 -282 59 395 101 211 214 322 302 353
EPS in Rs -9.60 -13.77 -11.65 -9.26 1.94 12.97 3.30 6.93 7.01 10.57 9.92 11.59
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 29% 36% 26% 30% 32%
Compounded Sales Growth
10 Years: -4%
5 Years: 11%
3 Years: 4%
TTM: 6%
Compounded Profit Growth
10 Years: 11%
5 Years: 31%
3 Years: 22%
TTM: 30%
Stock Price CAGR
10 Years: 42%
5 Years: 55%
3 Years: 25%
1 Year: 52%
Return on Equity
10 Years: 15%
5 Years: 23%
3 Years: 24%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 31 31 31 31 31 31 31 31 31 31 31 31
Reserves 1,196 782 425 143 200 585 684 897 1,049 1,289 1,500 1,758
3,685 4,146 4,091 3,803 3,318 349 293 164 176 135 126 3
2,334 1,911 2,210 2,446 2,464 506 468 420 353 331 323 388
Total Liabilities 7,246 6,869 6,757 6,422 6,013 1,470 1,475 1,511 1,609 1,787 1,980 2,179
4,884 4,753 4,523 4,325 414 405 383 377 393 569 709 797
CWIP 49 68 45 29 9 30 38 36 134 126 71 85
Investments 168 154 151 151 151 151 151 151 151 151 151 151
2,145 1,894 2,039 1,918 5,439 884 903 948 931 941 1,048 1,146
Total Assets 7,246 6,869 6,757 6,422 6,013 1,470 1,475 1,511 1,609 1,787 1,980 2,179

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
644 766 605 884 969 145 111 185 142 301 313 445
-467 -306 -12 -26 -44 2,923 -11 69 -122 -173 -106 -316
-270 -496 -592 -852 -927 -3,072 -101 -161 -66 -124 -115 -228
Net Cash Flow -94 -35 1 6 -2 -4 -1 93 -46 4 92 -99
Free Cash Flow 132 404 576 857 917 114 95 216 7 92 190 328
CFO/OP 107% 263% 174% -352% -1,118% 95% 56% 62% 71% 98% 95% 102%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 32 48 61 147 46 48 59 50 37 51 45 43
Inventory Days 391 223 248 347 81 100 114 97 109 101 106 99
Days Payable 481 322 414 732 73 116 107 57 37 32 34 40
Cash Conversion Cycle -58 -50 -105 -239 55 32 66 89 108 120 117 102
Working Capital Days -111 -149 -182 -471 -194 34 57 65 69 80 75 73
ROCE % 5% 1% 3% -6% -2% 8% 18% 24% 26% 32% 27% 30%

Insights

In beta
Mar 2014 Mar 2015 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Standalone Production Volume - Wire Ropes
MT

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EBITDA per Metric Tonne (Consolidated)
Rs
Consolidated Sales Volume
'000 MT
LRPC Sales Volume
'000 MT
Number of Distribution Centers and Channel Partners
Count
Total Global Manufacturing Capacity
TPA
Value Added Products as % of Rope Sales
%
Wire Rope Sales Volume
'000 MT
Wire Sales Volume
'000 MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
47.87% 47.51% 47.41% 46.04% 45.11% 43.54% 43.48% 43.90% 42.45% 41.75% 40.52% 40.52%
9.29% 12.03% 12.94% 14.78% 14.19% 14.61% 14.29% 14.25% 14.29% 14.14% 14.62% 14.77%
3.44% 3.86% 3.45% 3.60% 4.88% 7.44% 8.14% 9.25% 11.06% 12.29% 14.11% 14.81%
39.38% 36.60% 36.20% 35.57% 35.81% 34.40% 34.08% 32.53% 32.15% 31.74% 30.63% 29.80%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.06% 0.06% 0.11% 0.11%
No. of Shareholders 71,45476,48281,19585,4471,00,1001,11,1931,50,4031,18,5641,14,3491,04,8211,04,3971,01,177

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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