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 ₹ 7,076 Cr.
- Current Price ₹ 232
- High / Low ₹ 244 / 99.2
- Stock P/E 20.2
- Book Value ₹ 66.6
- Dividend Yield 0.86 %
- ROCE 21.3 %
- ROE 18.8 %
- Face Value ₹ 1.00
Pros
Cons
- The company has delivered a poor sales growth of 9.61% over past five years.
- Promoters have pledged 54.7% of their holding.
- Dividend payout has been low at 14.3% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -4.60%
* 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,361 | 3,622 | 4,074 | 4,561 | 4,112 | 3,882 | 2,066 | 2,488 | 2,154 | 2,097 | 2,688 | 3,268 | |
2,926 | 3,006 | 3,357 | 3,845 | 3,771 | 3,493 | 2,253 | 2,512 | 1,922 | 1,818 | 2,304 | 2,754 | |
Operating Profit | 435 | 616 | 717 | 717 | 341 | 389 | -188 | -24 | 232 | 279 | 384 | 513 |
OPM % | 13% | 17% | 18% | 16% | 8% | 10% | -9% | -1% | 11% | 13% | 14% | 16% |
63 | 89 | 82 | -63 | 32 | 120 | 77 | 17 | 537 | 29 | 66 | 40 | |
Interest | 264 | 338 | 440 | 522 | 547 | 564 | 92 | 114 | 74 | 57 | 42 | 30 |
Depreciation | 223 | 264 | 333 | 418 | 308 | 300 | 60 | 61 | 64 | 68 | 70 | 67 |
Profit before tax | 11 | 104 | 27 | -287 | -481 | -355 | -264 | -181 | 630 | 183 | 338 | 455 |
Tax % | 42% | 21% | 50% | 12% | 11% | -1% | -2% | 126% | 33% | 20% | 16% | 23% |
Net Profit | 7 | 82 | 13 | -251 | -428 | -358 | -268 | 49 | 421 | 152 | 291 | 351 |
EPS in Rs | 0.12 | 2.59 | 0.35 | -8.31 | -14.10 | -11.78 | -8.90 | 1.57 | 13.74 | 4.91 | 9.56 | 11.49 |
Dividend Payout % | 0% | 6% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 21% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | 10% |
3 Years: | 15% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 26% |
3 Years: | -5% |
TTM: | 32% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 59% |
3 Years: | 154% |
1 Year: | 98% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | 19% |
3 Years: | 16% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | |
Reserves | 1,799 | 1,905 | 1,972 | 1,728 | 1,294 | 914 | 697 | 751 | 1,197 | 1,373 | 1,663 | 2,000 |
2,548 | 3,193 | 3,732 | 3,993 | 4,472 | 4,364 | 4,073 | 3,565 | 620 | 530 | 411 | 417 | |
2,312 | 2,718 | 2,914 | 2,556 | 2,140 | 2,423 | 2,646 | 2,645 | 696 | 649 | 625 | 640 | |
Total Liabilities | 6,690 | 7,846 | 8,649 | 8,307 | 7,936 | 7,731 | 7,445 | 6,992 | 2,544 | 2,582 | 2,730 | 3,087 |
3,217 | 3,641 | 5,500 | 5,477 | 5,302 | 5,031 | 4,862 | 935 | 956 | 932 | 913 | 953 | |
CWIP | 772 | 1,294 | 373 | 132 | 147 | 121 | 113 | 13 | 33 | 45 | 38 | 139 |
Investments | 0 | 0 | 0 | 0 | 46 | 37 | 39 | 42 | 44 | 48 | 56 | 66 |
2,701 | 2,911 | 2,775 | 2,698 | 2,441 | 2,542 | 2,432 | 6,001 | 1,511 | 1,557 | 1,722 | 1,929 | |
Total Assets | 6,690 | 7,846 | 8,649 | 8,307 | 7,936 | 7,731 | 7,445 | 6,992 | 2,544 | 2,582 | 2,730 | 3,087 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
574 | 429 | 1,144 | 729 | 856 | 686 | 914 | 974 | 212 | 214 | 159 | 252 | |
-878 | -810 | -1,050 | -563 | -385 | -29 | -35 | -3 | 2,942 | -34 | 57 | -158 | |
356 | 243 | 18 | -266 | -491 | -663 | -872 | -973 | -3,105 | -177 | -161 | -101 | |
Net Cash Flow | 51 | -138 | 113 | -100 | -20 | -5 | 7 | -2 | 50 | 2 | 55 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 58 | 47 | 39 | 55 | 64 | 119 | 48 | 51 | 57 | 56 | 56 |
Inventory Days | 402 | 454 | 400 | 378 | 241 | 261 | 350 | 156 | 183 | 209 | 196 | 180 |
Days Payable | 397 | 465 | 429 | 397 | 288 | 362 | 561 | 78 | 108 | 113 | 72 | 60 |
Cash Conversion Cycle | 51 | 47 | 18 | 20 | 7 | -37 | -92 | 126 | 126 | 153 | 180 | 175 |
Working Capital Days | 25 | 18 | -28 | -4 | -40 | -49 | -117 | 19 | 96 | 122 | 121 | 116 |
ROCE % | 7% | 9% | 9% | 6% | 1% | 3% | -4% | -1% | 22% | 13% | 17% | 21% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Annual Secretarial Compliance Report of Usha Martin limited dated 25th May 2023, for the year ended March 31, 2023, certified by Mr. Manoj Kumar Banthia …
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011 23 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Communication to Shareholders - Intimation on Tax Deduction on Dividend-Newspaper Publication
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 23 May
Annual reports
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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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Financial Year 2010
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Concalls
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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's product offerings include steel wire ropes, LRPC, wires and strands, pre-stressing accessories and services, rope making & allied machinery and telecom cables.[1] Majority of company's products are value-added as they are customised based on the customers' requirements, resulting in higher and more stable realisations than other commodity products.[2]