Usha Martin

Why is Usha Martin Ltd falling/rising?

As of 07-Aug, Usha Martin Ltd's stock price is at 514.75, down 0.23% following a two-day decline. Despite this short-term drop, the stock has increased 13.24% year-to-date and 46.95% over the past year, indicating strong long-term performance and solid institutional support.

As of 07-Aug, Usha Martin Ltd's stock price is currently at 514.75, reflecting a decrease of 1.2 points or 0.23%. This decline follows a trend where the stock has been losing for the last two days, resulting in a total drop of 0.88% during this period. Despite this recent downturn, the stock has shown strong performance over longer time frames, with a year-to-date increase of 13.24% and a remarkable 46.95% rise over the past year, significantly outperforming the Sensex, which has decreased by 7.89% in the same timeframe.<BR><BR>The stock is currently trading close to its 52-week high, just 2.27% away from the peak of Rs 527. However, there has been a notable decline in investor participation, as evidenced by a 19.62% drop in delivery volume compared to the 5-day average. This reduction in trading activity may contribute to the stock's recent price decline.<BR><BR>On a positive note, Usha Martin Ltd has demonstrated high management efficiency, with a return on equity (ROE) of 16.43% and a low debt-to-equity ratio of 0.08 times. The company has also reported positive financial results for the last four consecutive quarters, with a significant growth in profit after tax and net sales. Additionally, institutional holdings are strong at 30.35%, indicating confidence from larger investors.<BR><BR>In summary, while Usha Martin Ltd is experiencing a short-term decline in stock price, its long-term performance remains robust, supported by strong financial results and institutional backing.

Which are the latest news on Usha Martin?

Should I buy, sell or hold Usha Martin Ltd?

Are Usha Martin Ltd latest results good or bad?

Usha Martin Ltd's latest results show strong revenue growth with record net sales of ₹1,033 crores, up 16.44% year-on-year. However, declining operating margins and a quarter-on-quarter net profit drop raise concerns about profitability sustainability amid rising costs.

Usha Martin Ltd's latest results present a mixed picture. On one hand, the company achieved record net sales of ₹1,033 crores for the quarter, reflecting a 5.49% increase quarter-on-quarter and a robust 16.44% growth year-on-year. This indicates strong demand for its wire and wire rope products and suggests effective market penetration.<BR><BR>However, the performance is tempered by margin compression. The operating margin, excluding other income, decreased to 20.14% from 21.60% in the previous quarter, which raises concerns about the sustainability of profitability amid rising input costs and competitive pressures. Additionally, net profit saw a decline of 3.94% quarter-on-quarter, although it increased by 40.67% year-on-year.<BR><BR>Overall, while the revenue growth is commendable, the sequential decline in profitability and margins indicates challenges that the company must navigate. Investors should keep an eye on how Usha Martin addresses these margin pressures in future quarters.

When is the next results date for Usha Martin Ltd?

The next results date for Usha Martin Ltd is 27 July 2026.

The next results date for Usha Martin Ltd is scheduled for 27 July 2026.

How big is Usha Martin?

As of 10th June, Usha Martin Ltd has a market capitalization of 14,972.00 Cr, with recent net sales of 3,691.06 Cr and a net profit of 465.99 Cr. The company reported shareholder's funds of 2,751.88 Cr and total assets of 3,731.46 Cr for the latest annual period ending March 2025.

As of 10th June, Usha Martin Ltd has a market capitalization of 14,972.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Usha Martin reported Net Sales of 3,691.06 Cr and a Net Profit of 465.99 Cr.<BR><BR>For the latest annual period ending March 2025, the company had Shareholder's Funds of 2,751.88 Cr and Total Assets amounting to 3,731.46 Cr.

Who are in the management team of Usha Martin?

The management team of Usha Martin includes R Jhawar (Managing Director), Shampa Ghosh Ray (Company Secretary), and several independent and non-executive directors, including Vijay Singh Bapna (Chairman). They oversee the company's operations and governance.

The management team of Usha Martin includes the following key members:<BR><BR>1. **R Jhawar** - Managing Director<BR>2. **Shampa Ghosh Ray** - Company Secretary & Compliance Officer<BR>3. **Ramni Nirula** - Non-Executive & Independent Director<BR>4. **Venkatachalam Ramakrishna Iyer** - Independent Director<BR>5. **S Ravi** - Independent Director<BR>6. **Vijay Singh Bapna** - Chairman & Independent Director<BR>7. **Sumit Kumar Modak** - Whole-time Director<BR>8. **Tapas Gangopadhyay** - Non-Executive Director<BR><BR>This team plays a crucial role in overseeing the company's operations and governance.

Who are the peers of the Usha Martin?

Usha Martin's peers include Shyam Metalics, Godawari Power, Ratnamani Metals, Gallantt Ispat L, Jindal Saw, Jayaswal Neco, Mah. Seamless, Aeroflex, Technocraf.Inds., and Surya Roshni. Usha Martin has good management risk, below average growth, and a 1-year return of 56.08%, compared to peers like Jayaswal Neco (119.91%) and Ratnamani Metals (-13.05%).

Peers: The peers of Usha Martin are Shyam Metalics, Godawari Power, Ratnamani Metals, Gallantt Ispat L, Jindal Saw, Jayaswal Neco, Mah. Seamless, Aeroflex, Technocraf.Inds., and Surya Roshni.<BR><BR>Quality Snapshot: Excellent management risk is observed at Godawari Power, Ratnamani Metals, and Technocraf.Inds., while Good management risk is found at Usha Martin, while Average management risk is present at Shyam Metalics, Gallantt Ispat L, Jindal Saw, Jayaswal Neco, Mah. Seamless, Aeroflex, and Surya Roshni. For Growth, Excellent growth is seen at Gallantt Ispat L, while Good growth is noted at Jindal Saw, Jayaswal Neco, and the rest. Below Average growth is reported at Usha Martin, Godawari Power, Ratnamani Metals, Mah. Seamless, Aeroflex, and Technocraf.Inds. Lastly, Excellent capital structure is held by Godawari Power, Ratnamani Metals, Gallantt Ispat L, Usha Martin, Mah. Seamless, and Aeroflex, while Average capital structure is seen at Jindal Saw and Technocraf.Inds., and Below Average capital structure is noted at Jayaswal Neco.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Jayaswal Neco at 119.91%, while the lowest is Ratnamani Metals at -13.05%. Usha Martin's 1-year return is 56.08%, which is significantly higher than Ratnamani Metals but lower than Jayaswal Neco. Additionally, the peers with negative six-month returns include Jindal Saw, Mah. Seamless, Technocraf.Inds., and Surya Roshni.

What does Usha Martin do?

Usha Martin Ltd is a leading specialty steel producer and one of the largest wire rope manufacturers globally, with a market cap of INR 14,972 Cr. As of March 2026, it reported net sales of 979 Cr and a net profit of 148 Cr.

Overview: <BR>Usha Martin Ltd is a leading producer of speciality steel and one of the largest wire rope manufacturers globally, operating within the Iron & Steel Products industry and categorized as a Small Cap company.<BR><BR>History: <BR>Usha Martin Ltd was incorporated in an unspecified year and has maintained its status as a significant player in the wire and wire rope manufacturing sector. The latest quarterly results reported are for March 2026, showcasing their sales and profit performance.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 979 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 148 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 14,972 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 29.00 <BR>Industry P/E: 26 <BR>Dividend Yield: 0.61% <BR>Debt Equity: -0.08 <BR>Return on Equity: 15.08% <BR>Price to Book: 4.56<BR><BR>Contact Details: <BR>Address: 2A Shakespeare Sarani, Kolkata West Bengal: 700071 <BR>Phone: 91-33-39800300 <BR>Email: investor@ushamartin.co.in <BR>Website: http://www.ushamartin.com

Is Usha Martin technically bullish or bearish?

As of November 20, 2025, Usha Martin's trend is mildly bullish, supported by bullish MACD and Bollinger Bands, but tempered by mixed KST signals and a mildly bearish weekly trend according to Dow Theory.

As of 20 November 2025, the technical trend for Usha Martin has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on both weekly and monthly time frames, and mildly bullish Bollinger Bands on both time frames. However, the KST shows a mixed signal with weekly bullishness and monthly mild bearishness, while Dow Theory indicates a mildly bearish weekly trend against a bullish monthly outlook. The daily moving averages also reflect a mildly bullish sentiment. Overall, the indicators suggest a cautious bullish outlook, tempered by some bearish signals in the longer-term analysis.

How has been the historical performance of Usha Martin?

Usha Martin has shown steady growth in net sales and profit from Mar'21 to Mar'25, with net sales increasing from 2,097.28 Cr to 3,474.16 Cr and profit before tax rising from 187.79 Cr to 509.04 Cr, despite some fluctuations in operational costs and a slight decline in consolidated net profit from Mar'24 to Mar'25. Total assets grew significantly from 2,509.10 Cr in Mar'20 to 3,731.46 Cr in Mar'25, while cash flow from operating activities improved from 213.00 Cr to 421.00 Cr.

Answer:<BR>The historical performance of Usha Martin shows a steady growth in net sales and profit over the years, with some fluctuations in specific metrics.<BR><BR>Breakdown:<BR>Usha Martin's net sales increased from 2,097.28 Cr in Mar'21 to 3,474.16 Cr in Mar'25, reflecting a consistent upward trend. Total operating income followed a similar pattern, rising from 2,097.28 Cr in Mar'21 to 3,474.16 Cr in Mar'25. However, the total expenditure also grew, from 1,818.03 Cr in Mar'21 to 2,877.10 Cr in Mar'25, indicating rising operational costs. Operating profit (PBDIT) saw an increase from 279.25 Cr in Mar'21 to 597.06 Cr in Mar'25, although it peaked in Mar'24 at 598.56 Cr. Profit before tax reached 509.04 Cr in Mar'25, up from 187.79 Cr in Mar'21, while profit after tax was 388.51 Cr in Mar'25, compared to 151.35 Cr in Mar'21. The consolidated net profit showed a slight decline from 423.96 Cr in Mar'24 to 407.39 Cr in Mar'25, despite an overall increase from 149.59 Cr in Mar'21. The company's total assets grew significantly from 2,509.10 Cr in Mar'20 to 3,731.46 Cr in Mar'25, while total liabilities also increased from 2,576.39 Cr in Mar'21 to 3,731.46 Cr in Mar'25. Cash flow from operating activities improved from 213.00 Cr in Mar'21 to 421.00 Cr in Mar'25, contributing to a closing cash balance of 260.00 Cr in Mar'25, up from 99.00 Cr in Mar'21.

Is Usha Martin overvalued or undervalued?

As of November 13, 2025, Usha Martin is considered overvalued with a valuation grade of "expensive," reflected in its high PE ratio of 32.69 and other premium metrics compared to peers like Tata Steel and Jindal Steel, despite a strong year-to-date return of 19.25%.

As of 13 November 2025, Usha Martin's valuation grade has moved from very expensive to expensive, indicating a slight improvement in perceived value but still reflecting a high valuation. The company is currently considered overvalued. Key ratios include a PE ratio of 32.69, an EV to EBITDA of 22.72, and a Price to Book Value of 4.61, all of which suggest that the stock is priced at a premium compared to its earnings and assets.<BR><BR>In comparison to its peers, Usha Martin's PE ratio is significantly higher than that of Tata Steel at 29.61 and Jindal Steel at 27.84, both of which are categorized as fairly valued. Additionally, the PEG ratio of Usha Martin stands at 0.00, which is notably lower than that of JSW Steel at 2.56, indicating a lack of growth expectations priced into Usha Martin's stock. Despite recent stock performance showing a 19.25% return year-to-date compared to the Sensex's 8.11%, the high valuation metrics suggest that Usha Martin may not sustain such performance levels moving forward.

Who are the top shareholders of the Usha Martin?

The top shareholders of Usha Martin include promoters holding the largest share at 13.48%, institutional investors with 22.61% (including mutual funds at 8.36% and FIIs at 14.25%), and individual investors who collectively own 18.25%. The highest public shareholder is India Opportunities Growth Fund Ltd - Pinewood Strategy with a 5.33% stake.

The top shareholders of Usha Martin include a mix of promoters, institutional investors, and individual shareholders. The majority shareholders are the promoters, with no pledged promoter holdings reported. The promoter with the highest holding is Umil Share & Stock Broking Services Ltd., which holds 13.48% of the shares. <BR><BR>In terms of institutional investors, mutual funds hold 8.36% across 21 schemes, while foreign institutional investors (FIIs) hold 14.25% through 120 different entities. The highest public shareholder is India Opportunities Growth Fund Ltd - Pinewood Strategy, which has a stake of 5.33%. Additionally, individual investors collectively hold 18.25% of the company's shares.

Has Usha Martin declared dividend?

Yes, Usha Martin Ltd has declared a dividend of 275% (₹2.75 per share) with an ex-date of August 6, 2024. Despite recent short-term price declines, the company has shown strong long-term total returns, particularly over the past 3 to 5 years.

Usha Martin Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 275%<BR>- Amount per share: 2.75<BR>- Ex-date: 06 Aug 24<BR><BR>Dividend Yield: 0.9%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -25.09%, with a dividend return of 0%, resulting in a total return of -25.09%.<BR><BR>Over the past year, the price return was -14.33%, with a dividend return of 0.74%, leading to a total return of -13.59%.<BR><BR>In the 2-year period, the price return was 22.52%, with a dividend return of 1.84%, culminating in a total return of 24.36%.<BR><BR>For the 3-year period, the price return was 155.96%, with a dividend return of 6.74%, resulting in a total return of 162.7%.<BR><BR>In the last 4 years, the price return was 514.46%, with a dividend return of 12.38%, leading to a total return of 526.84%.<BR><BR>Over the 5-year period, the price return was 1783.08%, with a dividend return of 37.66%, resulting in a total return of 1820.74%.<BR><BR>Overall, Usha Martin has declared a substantial dividend, which reflects positively in the long-term total returns, especially over the 3, 4, and 5-year periods, despite recent short-term declines in price returns.