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 ₹ 9,447 Cr.
- Current Price ₹ 310
- High / Low ₹ 451 / 279
- Stock P/E 31.3
- Book Value ₹ 50.2
- Dividend Yield 0.89 %
- ROCE 26.7 %
- ROE 21.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 30.7%
Cons
- The company has delivered a poor sales growth of 9.29% over past five years.
- Promoter holding has decreased over last 3 years: -5.33%
* 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 BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,287 | 3,746 | 3,432 | 3,247 | 1,387 | 1,708 | 1,393 | 1,346 | 1,810 | 2,042 | 2,046 | 2,171 | |
2,662 | 3,138 | 3,140 | 2,901 | 1,639 | 1,795 | 1,222 | 1,159 | 1,559 | 1,744 | 1,646 | 1,749 | |
Operating Profit | 625 | 608 | 291 | 346 | -252 | -87 | 171 | 187 | 252 | 298 | 400 | 422 |
OPM % | 19% | 16% | 8% | 11% | -18% | -5% | 12% | 14% | 14% | 15% | 20% | 19% |
68 | -62 | 34 | 117 | 75 | 30 | 511 | 14 | 64 | 31 | 60 | 41 | |
Interest | 426 | 507 | 531 | 549 | 76 | 90 | 58 | 45 | 31 | 15 | 7 | 11 |
Depreciation | 304 | 383 | 273 | 269 | 29 | 28 | 28 | 31 | 31 | 27 | 33 | 47 |
Profit before tax | -37 | -344 | -479 | -355 | -282 | -176 | 596 | 126 | 253 | 287 | 421 | 405 |
Tax % | -30% | -15% | -12% | 0% | 0% | -134% | 34% | 20% | 17% | 26% | 23% | 25% |
-26 | -292 | -419 | -355 | -282 | 59 | 395 | 101 | 211 | 214 | 322 | 302 | |
EPS in Rs | -0.84 | -9.60 | -13.77 | -11.65 | -9.26 | 1.94 | 12.97 | 3.30 | 6.93 | 7.01 | 10.57 | 9.92 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 29% | 36% | 26% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | -5% |
5 Years: | 9% |
3 Years: | 6% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | -5% |
3 Years: | 18% |
TTM: | -6% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | 84% |
3 Years: | 38% |
1 Year: | -15% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 22% |
3 Years: | 23% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 1,492 | 1,196 | 782 | 425 | 143 | 200 | 585 | 684 | 897 | 1,049 | 1,289 | 1,500 |
3,446 | 3,685 | 4,146 | 4,091 | 3,803 | 3,318 | 349 | 293 | 164 | 176 | 135 | 126 | |
2,701 | 2,334 | 1,911 | 2,210 | 2,446 | 2,464 | 509 | 468 | 420 | 353 | 331 | 323 | |
Total Liabilities | 7,670 | 7,246 | 6,869 | 6,757 | 6,422 | 6,013 | 1,473 | 1,475 | 1,511 | 1,609 | 1,787 | 1,980 |
5,105 | 4,884 | 4,753 | 4,523 | 4,325 | 414 | 405 | 383 | 377 | 393 | 569 | 710 | |
CWIP | 152 | 49 | 68 | 45 | 29 | 9 | 30 | 38 | 36 | 134 | 126 | 70 |
Investments | 175 | 168 | 154 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 |
2,238 | 2,145 | 1,894 | 2,039 | 1,918 | 5,439 | 887 | 903 | 948 | 931 | 941 | 1,048 | |
Total Assets | 7,670 | 7,246 | 6,869 | 6,757 | 6,422 | 6,013 | 1,473 | 1,475 | 1,511 | 1,609 | 1,787 | 1,980 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,047 | 644 | 766 | 605 | 884 | 969 | 148 | 111 | 185 | 142 | 301 | 313 | |
-863 | -467 | -306 | -12 | -26 | -44 | 2,920 | -11 | 69 | -122 | -173 | -106 | |
-52 | -270 | -496 | -592 | -852 | -927 | -3,072 | -101 | -161 | -66 | -124 | -115 | |
Net Cash Flow | 131 | -94 | -35 | 1 | 6 | -2 | -4 | -1 | 93 | -46 | 4 | 92 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 40 | 32 | 48 | 61 | 147 | 46 | 48 | 59 | 50 | 37 | 51 | 45 |
Inventory Days | 426 | 391 | 223 | 248 | 347 | 81 | 100 | 114 | 97 | 109 | 101 | 106 |
Days Payable | 550 | 481 | 322 | 414 | 732 | 73 | 116 | 107 | 57 | 37 | 32 | 34 |
Cash Conversion Cycle | -84 | -58 | -50 | -105 | -239 | 55 | 32 | 66 | 89 | 108 | 120 | 117 |
Working Capital Days | -72 | -38 | -51 | -90 | -254 | -53 | 51 | 86 | 74 | 77 | 81 | 85 |
ROCE % | 8% | 5% | 1% | 3% | -6% | -2% | 29% | 17% | 24% | 26% | 32% | 27% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2d
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 27 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Annual Secretarial Compliance Report confirms full regulatory compliance; minor share capital inflation issue being rectified.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 23 May
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Clarification On Increase In Volume Of The Security Of The Company.
20 May - Usha Martin clarifies no undisclosed info amid increased share volume, confirms regulatory compliance.
Annual reports
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Financial Year 2024
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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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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Apr 2024TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2016TranscriptNotesPPT
Product Offerings
The company offers a range of specialty wire ropes, high-quality wires, low relaxation prestressed concrete steel strands (LRPC), bespoke end-fitments, accessories, and related services. It also manufactures jelly-filled and optical fiber telecommunication cables. [1]