1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Metal fabrication
Usha Martin Limited

Usha Martin Limited

466.40
INR
-10.10
(-2.12%)
16.58EPS
30.39P/E
151.43BMarket Cap
Nov 05Next Earn
Usha Martin Limited
NSE:USHAMART
(National Stock Exchange of India)

Recent

price

466.40

P/E

ratio

30.39

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
99.91
109.54
118.56
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
Revenue per Share
4.6
0.12
2.59
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
Basic EPS, GAAP
-14.53
-4.96
-13.91
-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
- -
Free Cash Flow per Basic Share
1.16
1.16
0.01
0.18
0.01
- -
- -
- -
- -
- -
- -
- -
2
2.5
2.75
3
- -
Dividend per Share
58.55
60.04
63.51
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
- -
Book Value per Share
56.69
58.1
61.59
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
- -
Tangible Book Value per Share
305
305
305
305
305
305
305
305
305
305
305
305
305
305
305
305
305
Basic Weighted Avg Shares
30,446
33,381
36,130
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
Sales/Revenue/Turnover
12.53
7.96
10.58
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
Operating Margin (%)
2,010
2,227
2,638
3,332
4,184
3,080
3,000
3,049
2,992
693
679
698
675
770
979
1,164
1,223
Depreciation Expense
1,400
36
788
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
Net Income, GAAP
31.38
41.93
20.52
50.43
- -
- -
- -
3.59
- -
142.52
19.4
15.84
23.01
22.82
22.88
23.2
22.91
Effective Tax Rate (%)
4.6
0.11
2.18
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
Profit Margin (%)
-257
3,024
-1,477
-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
- -
Working Capital
13,580
19,989
23,144
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
- -
LT Debt
18,018
18,511
19,582
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
- -
Total Equity
8.59
3.68
6.32
3.82
- -
- -
- -
3.83
- -
-2.61
9.34
14.77
15.04
15.79
13
13.52
- -
Return on Invested Capital (%)
8.77
3.89
7
4.01
- -
- -
- -
-3.75
- -
12.43
9.93
15.99
16.29
16.94
14.51
14.31
- -
Return on Capital (%)
8.07
0.2
4.19
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
- -
Return on Common Equity (%)

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
139,896
119,157
151,434

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
- -
- -
- -
- -
- -
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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.