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 ₹ 9,709 Cr.
- Current Price ₹ 318
- High / Low ₹ 380 / 205
- Stock P/E 30.9
- Book Value ₹ 38.4
- Dividend Yield 0.79 %
- ROCE 25.7 %
- ROE 21.3 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.1%
- Company has been maintaining a healthy dividend payout of 21.5%
- Debtor days have improved from 48.5 to 36.7 days.
Cons
- Stock is trading at 8.29 times its book value
- The company has delivered a poor sales growth of 8.05% over past five years.
- Promoter holding has decreased over last 3 years: -3.99%
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,837 | 3,045 | 3,287 | 3,746 | 3,432 | 3,247 | 1,387 | 1,708 | 1,393 | 1,346 | 1,810 | 2,042 | 2,042 | |
2,470 | 2,515 | 2,662 | 3,138 | 3,140 | 2,901 | 1,639 | 1,795 | 1,222 | 1,159 | 1,559 | 1,744 | 1,655 | |
Operating Profit | 367 | 529 | 625 | 608 | 291 | 346 | -252 | -87 | 171 | 187 | 252 | 298 | 387 |
OPM % | 13% | 17% | 19% | 16% | 8% | 11% | -18% | -5% | 12% | 14% | 14% | 15% | 19% |
42 | 43 | 68 | -62 | 34 | 117 | 75 | 30 | 511 | 14 | 64 | 31 | 63 | |
Interest | 255 | 327 | 426 | 507 | 531 | 549 | 76 | 90 | 58 | 45 | 31 | 15 | 8 |
Depreciation | 198 | 235 | 304 | 383 | 273 | 269 | 29 | 28 | 28 | 31 | 31 | 27 | 28 |
Profit before tax | -44 | 10 | -37 | -344 | -479 | -355 | -282 | -176 | 596 | 126 | 253 | 287 | 413 |
Tax % | 25% | 32% | 30% | 15% | 12% | 0% | 0% | 134% | 34% | 20% | 17% | 26% | |
-33 | 7 | -26 | -292 | -419 | -355 | -282 | 59 | 395 | 101 | 211 | 214 | 314 | |
EPS in Rs | -1.08 | 0.23 | -0.84 | -9.60 | -13.77 | -11.65 | -9.26 | 1.94 | 12.97 | 3.30 | 6.93 | 7.01 | 10.30 |
Dividend Payout % | 0% | 65% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 29% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | -4% |
5 Years: | 8% |
3 Years: | 14% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 41% |
5 Years: | 22% |
3 Years: | -19% |
TTM: | 47% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 51% |
3 Years: | 114% |
1 Year: | 47% |
Return on Equity | |
---|---|
10 Years: | -5% |
5 Years: | 30% |
3 Years: | 20% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 1,500 | 1,514 | 1,492 | 1,196 | 752 | 425 | 143 | 200 | 585 | 684 | 897 | 1,049 | 1,139 |
2,404 | 2,992 | 3,446 | 3,685 | 4,146 | 4,091 | 3,803 | 3,318 | 349 | 293 | 164 | 176 | 173 | |
2,158 | 2,543 | 2,701 | 2,334 | 1,940 | 2,210 | 2,446 | 2,464 | 509 | 468 | 420 | 353 | 340 | |
Total Liabilities | 6,094 | 7,080 | 7,670 | 7,246 | 6,869 | 6,757 | 6,422 | 6,013 | 1,473 | 1,475 | 1,511 | 1,609 | 1,683 |
2,909 | 3,287 | 5,105 | 4,884 | 4,753 | 4,523 | 4,325 | 414 | 405 | 383 | 377 | 393 | 416 | |
CWIP | 762 | 1,174 | 152 | 49 | 68 | 45 | 29 | 9 | 30 | 38 | 36 | 134 | 202 |
Investments | 187 | 183 | 175 | 168 | 154 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 |
2,235 | 2,436 | 2,238 | 2,145 | 1,894 | 2,039 | 1,918 | 5,439 | 887 | 903 | 948 | 931 | 915 | |
Total Assets | 6,094 | 7,080 | 7,670 | 7,246 | 6,869 | 6,757 | 6,422 | 6,013 | 1,473 | 1,475 | 1,511 | 1,609 | 1,683 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
464 | 386 | 1,047 | 644 | 766 | 605 | 884 | 969 | 148 | 111 | 185 | 142 | |
-852 | -676 | -863 | -467 | -306 | -12 | -26 | -44 | 2,920 | -11 | 69 | -122 | |
369 | 198 | -52 | -270 | -496 | -592 | -852 | -927 | -3,072 | -101 | -161 | -66 | |
Net Cash Flow | -19 | -92 | 131 | -94 | -35 | 1 | 6 | -2 | -4 | -1 | 93 | -46 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 59 | 40 | 32 | 48 | 61 | 147 | 46 | 48 | 59 | 50 | 37 |
Inventory Days | 409 | 456 | 426 | 391 | 223 | 248 | 347 | 81 | 100 | 114 | 97 | 109 |
Days Payable | 462 | 551 | 550 | 481 | 322 | 414 | 732 | 73 | 116 | 107 | 57 | 37 |
Cash Conversion Cycle | -7 | -37 | -84 | -58 | -50 | -105 | -239 | 55 | 32 | 66 | 89 | 108 |
Working Capital Days | -0 | -11 | -72 | -38 | -51 | -90 | -254 | -53 | 51 | 86 | 74 | 77 |
ROCE % | 6% | 8% | 8% | 5% | 1% | 3% | -6% | -2% | 29% | 17% | 24% | 26% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Change in Management
1d - March 2024 has approved the following: i. Appointment of Mr. SBN Sharma as Whole Time Director for a term of 5 years effective from 1st …
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
23 Mar - An order dated 14th December 2023 has been issued by the Deputy Commissioner, Circle A, Zone IV, Jaipur-302004 which was received by the Company through …
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 22 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 21 Mar
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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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]