1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Metal fabrication
Usha Martin Limited

Usha Martin Limited

466.95
INR
-10.55
(-2.21%)
16.58EPS
30.40P/E
151.48BMarket Cap
Nov 05Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
133.57
149.16
132.38
123.82
66.61
79.56
69.01
67.23
86.1
104.59
102.97
111.03
118.08
125.23
Basic EPS, GAAP
0.35
-8.31
-14.1
-11.78
-8.9
1.57
13.74
4.91
9.56
11.49
13.91
13.37
15.3
16.35
Free Cash Flow per Basic Share
-1.27
4.16
15.37
18.23
27.12
29.48
5.64
5.8
3.53
2.27
5.45
5.81
15.02
- -
Dividend per Share
0.18
0.01
- -
- -
- -
- -
- -
- -
- -
2
2.5
2.75
3
- -
Book Value per Share
65.72
57.86
44.41
31.01
23.86
25.66
40.28
46.06
55.58
66.64
78.09
90.36
108.47
- -
Tangible Book Value per Share
63.78
55.38
41.55
27.55
20.59
23.46
38.17
44.04
53.67
64.75
76.04
88.26
106.38
- -
Basic Weighted Avg Shares
305
305
305
305
305
305
305
305
305
305
305
305
305
305
Sales/Revenue/Turnover
40,704
45,455
40,341
37,733
20,299
24,247
21,031
20,489
26,238
31,874
31,380
33,833
35,956
38,165
Operating Margin (%)
10.65
7.28
2.26
3.72
8.59
10.86
8.39
10.68
12.53
14.25
16.83
14.96
16.46
16.19
Depreciation Expense
3,332
4,184
3,080
3,000
3,049
2,992
693
679
698
675
770
979
1,164
1,223
Net Income, GAAP
107
-2,531
-4,297
-3,589
-2,712
480
4,188
1,496
2,913
3,501
4,240
4,074
4,660
4,983
Effective Tax Rate (%)
50.43
- -
- -
- -
3.59
- -
142.52
19.4
15.84
23.01
22.82
22.88
23.2
22.91
Profit Margin (%)
0.26
-5.57
-10.65
-9.51
-13.36
1.98
19.92
7.3
11.1
10.99
13.51
12.04
12.96
13.06
Working Capital
-9,776
-9,593
-11,348
-14,204
-15,683
16,955
4,559
5,827
8,846
10,402
11,732
12,891
15,844
- -
LT Debt
26,422
27,050
29,975
28,448
27,527
23,060
3,419
2,764
2,289
2,532
2,576
2,135
910
- -
Total Equity
20,335
17,946
13,877
9,789
7,608
8,144
12,653
14,071
16,973
20,351
23,839
27,517
33,021
- -
Return on Invested Capital (%)
3.82
- -
- -
- -
3.83
- -
-2.61
9.34
14.77
15.04
15.79
13
13.52
- -
Return on Capital (%)
4.01
- -
- -
- -
-3.75
- -
12.43
9.93
15.99
16.29
16.94
14.51
14.31
- -
Return on Common Equity (%)
0.54
-13.44
-27.58
-31.23
-32.44
6.36
41.69
11.37
18.81
18.8
19.23
15.88
15.39
- -

Capital Structure

INR

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
1,213
1,375
- -
LT Borrowings
750
241
- -
LT Finance Leases
679
669
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
305
304
305
Market Capitalization
140,185
118,929
151,480

Working Capital

INR

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
19,776
22,800
- -
Cash, Cash Equivalents & STI
3,861
4,768
- -
Accounts Receivable, Net
6,034
6,434
- -
Inventories
9,083
9,578
- -
Total Current Liabilities
6,469
6,956
- -
Payables & Accruals
- -
- -
- -
ST Debt
1,213
1,375
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.5%
18.62%
20%
Free Cash Flow
22.8%
46%
158.19%
Net Income, GAAP
69.65%
29.29%
14.38%
Sales/Revenue/Turnover
1.3%
12.42%
6.28%
Total Cash Common Dividend
- -
- -
9.03%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
8,264
8,605
8,605
8,961
33,833
2026
8,872
9,171
- -
9,793
35,956
2027
10,330
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3.42
3.04
3.04
3.32
13.37
2026
3.31
3.53
- -
4.85
15.3
2027
4.66
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.75
2026
- -
- -
- -
- -
3
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Rajeev Jhawar
Full Time Employees
5,058
Sector
Producer manufacturing
Industry
Metal fabrication
Address
2A, Shakespeare Sarani Kolkata WB India 700071
IPO Date
Oct 7, 1994
Website
ushamartin.com
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Business
Usha Martin Limited manufactures and supplies high-performance wire ropes, low relaxation prestressed concrete (LRPC) strands, wires, pre-stressing accessories, machinery and cables; it offers value-added services including socketing, cutting, coiling, spooling, pre-stressing jobs and turnkey project solutions for sectors such as infrastructure, ports, mining, oil and offshore, elevators, fishing, ropeways, telecommunications and automobiles. Founded in 1960 and headquartered in Kolkata, India, the company operates manufacturing facilities in India, the United Kingdom, Thailand and the United Arab Emirates, with distribution and service centers across Asia Pacific, Europe, the Americas and the Middle East. Usha Martin serves global markets through subsidiaries including Usha Siam Steel Industries in Thailand, Brunton Shaw in the UK, De Ruiter Staalkabel in the Netherlands and Usha Martin Americas in the US. In 2024, Usha Martin acquired the remaining 50% stake in its Japanese joint venture TESAC Usha, forming Usha Siam Specialty Wire Rope to enhance specialty wire rope production; the company also expanded its fine cord production line at Usha Siam in Thailand, adding capabilities for 1.5-5 mm wire ropes, high-performance elevator ropes, automotive cables and precision marble cutting ropes. Recent achievements include earning EcoVadis Bronze Medal for sustainability, AEO T-2 Certification for supply chain security and supplying specialized wire ropes for landmark projects such as the Chenab Bridge, Pamban Bridge and Agra Metro Rail.