Company Overview
Usha Martin Limited, together with its subsidiaries, manufactures and sells steel wires, strands, wire ropes, and cord related accessories in India and internationally. The company offers wire ropes, including crane, mining, elevator, oil and offshore, fishing, general engineering, aerial transportation, structural, and forestry ropes, as well as conveyor cord. It also provides spring, welding, fencing, ACSR, needle, mesh, fishhook, CHQ, spoke, and brush wires; LRPC strands comprising compacted, indented, un-bonded polymer coated, bonded polymer LRPC strands; and wire drawing and related machines. In addition, the company offers pre-tensioning, and post-tensioning solutions; pre-stressing solutions; anchorage accessories and equipment, hydraulic jacks, powerpacks, and grout pumps and agitators; and pre-stressing machines and accessories, as well as installation services. Further, it provides optical fiber, aerial cables, micro ducts, hybrid category, FTTH/drop, aerial copper, duct copper, and jelly filled copper cables. The company was formerly known as Usha Beltron Limited and changed its name to Usha Martin Limited in May 2003. The company was founded in 1960 and is based in Kolkata, India.
Why Investors Should Care
Return on capital employed stands at 18.7%.
Operating margin of 16.0% supports profitability.
Carries low leverage with a debt-to-equity ratio of 0.07.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹3,691.06 Cr (+6.2% YoY); net profit ₹465.99 Cr.
- Trailing 12 Months Year-on-year growth — revenue +6.2%, earnings +14.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 5.0%, profit CAGR 10.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 5.01% |
| 1 Year: | 6.24% |
Compounded Profit Growth
| 5 Years: | 10.00% |
| 1 Year: | 14.38% |
Stock Price Performance
| 1 Year: | +38.61% |
| 6 Months: | +14.28% |
| 3 Months: | +12.82% |
| 1 Month: | +1.81% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)54.81 · Neutral
P/E of 37.69 is above the sector median of 27.45 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Basic Materials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | USHAMART Usha Martin Limited NIFTY_SMALLNSEINFRA | 503.90 | 37.69 | ₹15,355.94 Cr | 0.59% | 18.75% | 14.11% | 5.01% | 10.00% |
| 2 | ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA | 11,659.00 | 56.84 | ₹3.44 L Cr | 0.66% | 11.90% | 10.66% | 12.40% | 17.26% |
| 3 | JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA | 1,244.70 | 86.92 | ₹3.04 L Cr | 0.57% | 18.75% | 22.30% | 3.61% | 75.28% |
| 4 | ASIANPAINT Asian Paints Limited NIFTY50NSEINFRA | 2,675.50 | 59.31 | ₹2.57 L Cr | 1.03% | 24.41% | 20.24% | 1.10% | 1.75% |
| 5 | TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA | 187.67 | 21.70 | ₹2.34 L Cr | 2.09% | 11.32% | 10.56% | -1.59% | 7.21% |
| 6 | HINDZINC Hindustan Zinc Limited NSEINFRA | 532.50 | 16.26 | ₹2.25 L Cr | 3.91% | 61.97% | 61.13% | 5.61% | 9.58% |
| 7 | HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA | 963.55 | 16.01 | ₹2.17 L Cr | 0.52% | 9.42% | 9.80% | 7.10% | 9.87% |
| 8 | GRASIM Grasim Industries Limited NIFTY50NSEINFRA | 3,133.10 | 56.45 | ₹2.13 L Cr | 0.31% | 4.00% | 4.80% | 14.63% | -10.06% |
| 9 | VAML Vedanta Aluminium Metal Limited NSEINFRA | 452.95 | inf | ₹1.77 L Cr | 0.00% | 41.97% | 49.39% | - | -46.32% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 855.00 Cr | 814.00 Cr | 785.00 Cr | 797.00 Cr | 829.00 Cr | 826.00 Cr | - | 860.54 Cr | 896.08 Cr | 887.19 Cr | 917.05 Cr | 917.00 Cr | 979.26 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 432.87 Cr | 483.00 Cr | 463.12 Cr | 464.89 Cr | - | 475.41 Cr |
| Gross Profit | - | - | - | - | - | - | - | 427.67 Cr | 413.08 Cr | 424.07 Cr | 452.16 Cr | - | 503.85 Cr |
| Operating Expenses | 701.00 Cr | 669.00 Cr | 640.00 Cr | 640.00 Cr | 678.00 Cr | 672.00 Cr | - | 310.56 Cr | 301.27 Cr | 308.15 Cr | 305.03 Cr | 741.00 Cr | 323.56 Cr |
| Operating Income | 137.00 Cr | 128.00 Cr | 126.00 Cr | 138.00 Cr | 129.00 Cr | 132.00 Cr | - | 117.11 Cr | 111.81 Cr | 115.92 Cr | 147.13 Cr | 147.00 Cr | 180.29 Cr |
| EBITDA | 154.00 Cr | 146.00 Cr | 144.00 Cr | 157.00 Cr | 152.00 Cr | 154.00 Cr | - | 151.86 Cr | 167.42 Cr | 164.57 Cr | 171.34 Cr | 176.00 Cr | 239.13 Cr |
| Interest Expense | 8.00 Cr | 6.00 Cr | 6.00 Cr | 6.00 Cr | 7.00 Cr | 7.00 Cr | - | 8.67 Cr | 6.54 Cr | 6.25 Cr | 4.77 Cr | 5.00 Cr | 3.52 Cr |
| Pretax Income | 142.00 Cr | 129.00 Cr | 144.00 Cr | 140.00 Cr | 136.00 Cr | 135.00 Cr | - | 117.62 Cr | 133.12 Cr | 129.63 Cr | 137.76 Cr | 138.00 Cr | 204.37 Cr |
| Tax Provision | 36.92 Cr | 28.38 Cr | 34.56 Cr | 32.20 Cr | 29.92 Cr | 31.05 Cr | - | 25.36 Cr | 32.21 Cr | 28.82 Cr | 30.09 Cr | 30.36 Cr | 49.25 Cr |
| Net Income | 105.00 Cr | 101.00 Cr | 110.00 Cr | 108.00 Cr | 106.00 Cr | 104.00 Cr | - | 92.57 Cr | 100.99 Cr | 100.93 Cr | 107.55 Cr | 108.00 Cr | 147.80 Cr |
| Diluted EPS | 3.45 | 3.31 | 3.59 | 3.53 | 3.49 | 3.42 | - | 3.04 | 3.32 | 3.31 | 3.53 | 3.53 | 4.84 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,561.00 Cr | 4,112.00 Cr | 3,882.00 Cr | 2,066.00 Cr | 2,488.00 Cr | 2,154.00 Cr | 2,097.00 Cr | - | 3,187.36 Cr | 3,137.99 Cr | 3,474.16 Cr | 3,691.06 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 1,856.88 Cr | 1,696.23 Cr | 1,750.05 Cr | 1,867.50 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 1,330.48 Cr | 1,441.76 Cr | 1,724.11 Cr | 1,823.56 Cr |
| Operating Expenses | 3,845.00 Cr | 3,771.00 Cr | 3,493.00 Cr | 2,253.00 Cr | 2,512.00 Cr | 1,922.00 Cr | 1,814.00 Cr | - | 876.33 Cr | 913.69 Cr | 1,224.91 Cr | 1,234.88 Cr |
| Operating Income | 299.00 Cr | 33.00 Cr | 89.00 Cr | -248.00 Cr | -85.00 Cr | 168.00 Cr | 216.00 Cr | - | 454.15 Cr | 528.07 Cr | 499.20 Cr | 588.68 Cr |
| EBITDA | 717.00 Cr | 341.00 Cr | 389.00 Cr | -188.00 Cr | -24.00 Cr | 232.00 Cr | 284.00 Cr | - | 550.98 Cr | 647.99 Cr | 654.26 Cr | 775.60 Cr |
| Interest Expense | 522.00 Cr | 547.00 Cr | 564.00 Cr | 92.00 Cr | 114.00 Cr | 74.00 Cr | 57.00 Cr | - | 28.12 Cr | 21.48 Cr | 29.55 Cr | 19.63 Cr |
| Pretax Income | -287.00 Cr | -481.00 Cr | -355.00 Cr | -264.00 Cr | -181.00 Cr | 630.00 Cr | 183.00 Cr | - | 455.38 Cr | 549.51 Cr | 526.85 Cr | 639.57 Cr |
| Tax Provision | 34.44 Cr | 52.91 Cr | -3.55 Cr | -5.28 Cr | 228.06 Cr | 207.90 Cr | 36.60 Cr | - | 104.78 Cr | 125.39 Cr | 120.53 Cr | 148.37 Cr |
| Net Income | -251.00 Cr | -428.00 Cr | -358.00 Cr | -268.00 Cr | 49.00 Cr | 421.00 Cr | 152.00 Cr | - | 350.14 Cr | 423.96 Cr | 407.39 Cr | 465.99 Cr |
| Diluted EPS | -8.31 | -14.10 | -11.78 | -8.90 | 1.57 | 13.74 | 4.91 | 9.56 | 11.51 | 13.92 | 13.37 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 8,307.00 Cr | 7,936.00 Cr | 7,731.00 Cr | 7,445.00 Cr | 6,992.00 Cr | 2,544.00 Cr | 2,582.00 Cr | - | 3,086.83 Cr | 3,330.13 Cr | 3,747.94 Cr | 4,211.82 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 1,749.36 Cr | 1,789.06 Cr | 1,984.12 Cr | 2,280.03 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 150.16 Cr | 149.78 Cr | 260.72 Cr | 241.84 Cr |
| Inventory | - | - | - | - | - | - | - | - | 889.93 Cr | 889.62 Cr | 984.91 Cr | 957.82 Cr |
| Receivables | - | - | - | - | - | - | - | - | 499.89 Cr | 539.31 Cr | 527.63 Cr | 643.42 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 1,051.76 Cr | 946.22 Cr | 996.23 Cr | 909.74 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 709.17 Cr | 615.88 Cr | 694.98 Cr | 695.61 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 197.29 Cr | 200.18 Cr | 145.40 Cr | 24.13 Cr |
| Total Debt | 3,993.00 Cr | 4,472.00 Cr | 4,364.00 Cr | 4,073.00 Cr | 3,565.00 Cr | 620.00 Cr | 530.00 Cr | - | 416.54 Cr | 363.83 Cr | 416.71 Cr | 228.57 Cr |
| Total Equity | 1,759.00 Cr | 1,354.00 Cr | 945.00 Cr | 728.00 Cr | 782.00 Cr | 1,228.00 Cr | 1,404.00 Cr | - | 2,030.76 Cr | 2,379.67 Cr | 2,751.88 Cr | 3,301.93 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 30.47 Cr | 30.47 Cr | 30.47 Cr | 30.47 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 729.00 Cr | 856.00 Cr | 686.00 Cr | 914.00 Cr | 974.00 Cr | 212.00 Cr | 214.00 Cr | - | 251.59 Cr | 443.84 Cr | 421.76 Cr | 655.34 Cr |
| Investing Cash Flow | -563.00 Cr | -385.00 Cr | -29.00 Cr | -35.00 Cr | -3.00 Cr | 2,942.00 Cr | -34.00 Cr | - | -157.69 Cr | -287.93 Cr | -223.24 Cr | -366.67 Cr |
| Financing Cash Flow | -266.00 Cr | -491.00 Cr | -663.00 Cr | -872.00 Cr | -973.00 Cr | -3,105.00 Cr | -177.00 Cr | - | -101.09 Cr | -159.33 Cr | -91.49 Cr | -321.49 Cr |
| Capital Expenditure | -597.00 Cr | -385.00 Cr | -46.00 Cr | -41.00 Cr | 7.00 Cr | -5.00 Cr | -36.00 Cr | - | -182.33 Cr | -277.62 Cr | -244.65 Cr | -198.06 Cr |
| Free Cash Flow | 132.00 Cr | 471.00 Cr | 640.00 Cr | 873.00 Cr | 981.00 Cr | 207.00 Cr | 178.00 Cr | - | 69.26 Cr | 166.22 Cr | 177.11 Cr | 457.28 Cr |
| Net Change in Cash | -100.00 Cr | -20.00 Cr | -5.00 Cr | 7.00 Cr | -2.00 Cr | 50.00 Cr | 2.00 Cr | - | -7.19 Cr | -3.42 Cr | 107.03 Cr | -32.82 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 41.7% | 45.9% | 49.6% | 49.4% |
| Operating Margin % | 6.6% | 0.8% | 2.3% | -12.0% | -3.4% | 7.8% | 10.3% | - | 14.2% | 16.8% | 14.4% | 15.9% |
| Net Margin % | -5.5% | -10.4% | -9.2% | -13.0% | 2.0% | 19.5% | 7.2% | - | 11.0% | 13.5% | 11.7% | 12.6% |
| ROE % | -14.3% | -31.6% | -37.9% | -36.8% | 6.3% | 34.3% | 10.8% | - | 17.2% | 17.8% | 14.8% | 14.1% |
| ROCE % | - | - | - | - | - | - | - | - | 19.1% | 19.5% | 16.4% | 16.7% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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USHAMART — Frequently Asked Questions
What is the current share price of Usha Martin Limited (USHAMART)?
As of 2026-07-15 09:52 IST, Usha Martin Limited (USHAMART) trades at ₹503.90 on NSE. Its 52-week range is ₹339.50 to ₹519.80.
What is the market capitalisation of USHAMART?
Usha Martin Limited (USHAMART) has a market capitalisation of ₹15,355.94 Cr on NSE.
What is the P/E ratio of USHAMART?
USHAMART trades at a trailing price-to-earnings (P/E) ratio of 37.69. The industry average P/E is 27.45. Its price-to-book (P/B) ratio is 4.71.
Does USHAMART pay a dividend?
Usha Martin Limited (USHAMART) currently offers a dividend yield of 0.59%.
What is the return on equity (ROE) of USHAMART?
USHAMART has a return on equity (ROE) of 14.11%. Its return on capital employed (ROCE) is 18.75%.
Is USHAMART a good stock to buy?
This page provides a data-driven analysis of Usha Martin Limited (USHAMART), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.