Usha Martin Ltd

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

Usha Martin Ltd

₹ 232 -0.68%
30 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

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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
515 376 518 550 653 615 594 712 767 759 820 834 855
484 339 447 483 552 524 509 612 660 641 705 707 701
Operating Profit 31 37 72 66 101 91 85 100 107 117 115 127 154
OPM % 6% 10% 14% 12% 16% 15% 14% 14% 14% 15% 14% 15% 18%
17 8 7 9 8 6 14 9 40 7 6 7 13
Interest 17 16 15 13 14 12 12 11 7 7 8 8 8
Depreciation 16 17 17 17 17 18 18 17 17 17 17 17 17
Profit before tax 14 13 46 45 78 69 69 81 122 100 96 110 142
Tax % 91% 34% 18% 22% 17% 18% 18% 20% 11% 21% 22% 23% 26%
Net Profit 1 9 38 37 68 58 58 67 109 82 79 84 105
EPS in Rs 0.01 0.27 1.19 1.23 2.23 1.90 1.89 2.20 3.57 2.69 2.59 2.75 3.45
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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%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
53.52 52.83 51.80 50.87 50.50 50.13 49.79 49.26 49.04 48.70 48.30 48.27
8.16 8.17 8.33 8.18 8.41 8.57 8.60 8.69 8.68 8.89 8.83 9.50
1.57 0.37 0.05 0.06 0.05 0.05 0.05 0.05 0.06 0.04 0.83 2.12
36.75 38.64 39.82 40.89 41.03 41.24 41.56 42.00 42.22 42.37 42.04 40.12

* 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.

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Documents

Announcements

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Credit ratings

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