Usha Martin

Why is Usha Martin Ltd falling/rising?

As of 01-Sep, Usha Martin Ltd's stock price is rising to Rs 500.10, driven by strong recent performance and positive financial indicators, including a high return on equity and increased investor interest. The stock has outperformed the benchmark Sensex and is nearing its 52-week high.

As of 01-Sep, Usha Martin Ltd's stock price is rising, currently at Rs 500.10, reflecting a change of 1.3 (0.26%) upward. This positive movement can be attributed to several factors. Over the past week, the stock has outperformed the benchmark Sensex, gaining 2.69% while the Sensex declined by 0.92%. Additionally, the stock has shown strong performance over the past year, with a return of 29.06%, significantly higher than the market's average return of 2.32%.<BR><BR>Today's performance indicates that Usha Martin is close to its 52-week high, being only 4.72% away from Rs 527. The stock has been on a consecutive gain streak for the last three days, accumulating a total return of 2.92% during this period. It also reached an intraday high of Rs 512.5, which is a 2.75% increase.<BR><BR>The stock's upward trend is further supported by its trading position above all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a strong bullish sentiment. Investor participation has increased, with delivery volume rising by 67.34% compared to the 5-day average, suggesting heightened interest in the stock. <BR><BR>Moreover, Usha Martin's financial health is robust, with a high return on equity (ROE) of 16.43% and a low debt-to-equity ratio of 0.08, which enhances its attractiveness to investors. The company has also reported positive results for the last four consecutive quarters, with significant growth in profit after tax and net sales.<BR><BR>In summary, the combination of strong recent performance, positive financial indicators, and increased investor interest contributes to the rising stock price of Usha Martin Ltd.

Which are the latest news on Usha Martin?

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 strategic direction.

The management team of Usha Martin includes the following individuals:<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 is responsible for overseeing the company's operations and strategic direction.

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 14,826 Cr. As of June 2026, it reported net sales of 1,033 Cr and a net profit of 142 Cr.

Overview:<BR>Usha Martin Ltd is a leading producer of specialty steel and one of the largest wire rope manufacturers globally, operating in the Iron & Steel Products industry within the Small Cap market-cap bracket.<BR><BR>History:<BR>Usha Martin Ltd was incorporated in an unspecified year and has maintained its status as a prominent player in the wire and wire rope manufacturing sector. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1,033 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 142 Cr (Quarterly Results - Jun 2026)<BR>- Market-cap: INR 14,826 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 28.00<BR>- Industry P/E: 25<BR>- Dividend Yield: 0.76%<BR>- Debt Equity: -0.08<BR>- Return on Equity: 15.08%<BR>- Price to Book: 4.54<BR><BR>Contact Details:<BR>Address: 2A Shakespeare Sarani, Kolkata West Bengal: 700071<BR>Tel: 91-33-39800300<BR>Email: investor@ushamartin.co.in<BR>Website: http://www.ushamartin.com

Who are the peers of the Usha Martin?

Usha Martin's peers include APL Apollo Tubes, Shyam Metalics, Jindal Saw, Ratnamani Metals, Godawari Power, Gallantt Ispat L, Jayaswal Neco, Mah. Seamless, Technocraf.Inds., and Aeroflex. In terms of performance, Jindal Saw leads with a 1-year return of 56.98%, while Usha Martin has a return of 31.09%.

Peers: The peers of Usha Martin are APL Apollo Tubes, Shyam Metalics, Jindal Saw, Ratnamani Metals, Godawari Power, Gallantt Ispat L, Jayaswal Neco, Mah. Seamless, Technocraf.Inds., and Aeroflex.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Ratnamani Metals, Godawari Power, Usha Martin, and Technocraf.Inds. Average management risk is present at Shyam Metalics, Jindal Saw, Gallantt Ispat L, Jayaswal Neco, and Mah. Seamless. Excellent growth is noted at APL Apollo Tubes and Gallantt Ispat L, while Good growth is seen at Gallantt Ispat L, and the rest have Below Average growth. Excellent capital structure is exhibited by APL Apollo Tubes, Shyam Metalics, Ratnamani Metals, Godawari Power, Usha Martin, Mah. Seamless, and Aeroflex, while Average capital structure is found at Jindal Saw and Technocraf.Inds., and Below Average capital structure is noted at Jayaswal Neco.<BR><BR>Return Snapshot: Jindal Saw has the highest 1-year return at 56.98%, while Gallantt Ispat L has the lowest at -1.62%, and Usha Martin's 1-year return of 31.09% is higher than Gallantt Ispat L but lower than Jindal Saw. Additionally, Godawari Power and Gallantt Ispat L have negative six-month returns.

How big is Usha Martin?

As of 31st August, Usha Martin Ltd has a market capitalization of 14,826.00 Cr, with recent net sales of 3,836.87 Cr and a net profit of 507.04 Cr. The company reported shareholder's funds of 3,301.93 Cr and total assets of 4,202.50 Cr.

As of 31st August, Usha Martin Ltd has a market capitalization of 14,826.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Usha Martin reported Net Sales of 3,836.87 Cr and a Net Profit of 507.04 Cr.<BR><BR>For the latest annual period, the company reported Shareholder's Funds of 3,301.93 Cr and Total Assets of 4,202.50 Cr.

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.

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.