WEBSITE BSE:517146 NSE: USHA MART.LT Inc. Year: 1986 Industry: Steel & Iron Products My Bucket: Add Stock
Last updated: 15:59
Usha Martin Ltd is an India-based organisation, that is engaged inside the business of manufacture and sale of wire, cord ropes and allied products. The Company operates thru two segments: Wire & Wire Ropes and Others. The Wire & Wire Ropes segment manufactures and sells steel wires, strands, cord ropes, twine and associated add-ons, among others. The Others segment manufactures and sells jelly stuffed and optical fiber telecommunication cables. Its variety of cord rope includes oil and offshore rope, crane rope, mining rope, fishing rope, elev...Read More
Usha Martin Ltd is an India-based organisation, that is engaged inside the business of manufacture and sale of wire, cord ropes and allied products. The Company operates thru two segments: Wire & Wire Ropes and Others. The Wire & Wire Ropes segment manufactures and sells steel wires, strands, cord ropes, twine and associated add-ons, among others. The Others segment manufactures and sells jelly stuffed and optical fiber telecommunication cables. Its variety of cord rope includes oil and offshore rope, crane rope, mining rope, fishing rope, elevator rope, aerial rope, conveyor cord and standard engineering rope. Its wires include spring wire, welding cord, automobile spoke cord, brush cord, needle twine and cycle wire, amongst others. It offers strands, together with vivid low relaxation (LRPC) strand, normal relaxation (NRPC) strand and polymer covered galvanised/bright LRPC strand, among others. Its prestressing merchandise include anchorage, sheathing and single pulling jacks, among others. ...Read Less
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Market Cap ₹13677 Cr.
Stock P/E 33.7
P/B 4.5
Current Price ₹448.8
Book Value ₹ 100.7
Face Value 1
52W High ₹497.5
Dividend Yield 0.67%
52W Low ₹ 281.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 785 | 797 | 829 | 826 | 891 | 861 | 896 | 887 | 908 | 917 |
| Other Income | 21 | 6 | 9 | 5 | 7 | 4 | 24 | 15 | 23 | 4 |
| Total Income | 806 | 803 | 839 | 831 | 898 | 864 | 920 | 903 | 930 | 921 |
| Total Expenditure | 640 | 640 | 678 | 672 | 730 | 718 | 757 | 743 | 735 | 741 |
| Operating Profit | 166 | 163 | 161 | 159 | 168 | 147 | 163 | 160 | 196 | 180 |
| Interest | 6 | 6 | 7 | 7 | 8 | 9 | 7 | 6 | 5 | 5 |
| Depreciation | 18 | 19 | 23 | 22 | 23 | 26 | 28 | 29 | 28 | 29 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13 |
| Profit Before Tax | 141 | 138 | 132 | 131 | 137 | 112 | 129 | 125 | 163 | 133 |
| Provision for Tax | 35 | 32 | 30 | 31 | 32 | 25 | 32 | 29 | 40 | 30 |
| Profit After Tax | 106 | 106 | 102 | 100 | 105 | 87 | 97 | 96 | 123 | 103 |
| Adjustments | 3 | 2 | 4 | 4 | 5 | 6 | 4 | 5 | -13 | 5 |
| Profit After Adjustments | 109 | 108 | 106 | 104 | 110 | 93 | 101 | 101 | 110 | 108 |
| Adjusted Earnings Per Share | 3.6 | 3.5 | 3.5 | 3.4 | 3.6 | 3 | 3.3 | 3.3 | 3.6 | 3.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 4561 | 4112 | 3882 | 2066 | 2488 | 2154 | 2097 | 2688 | 3268 | 3225 | 3474 | 3608 |
| Other Income | 37 | 33 | 120 | 77 | 21 | 53 | 29 | 42 | 29 | 40 | 39 | 66 |
| Total Income | 4598 | 4145 | 4002 | 2143 | 2509 | 2207 | 2126 | 2730 | 3296 | 3265 | 3514 | 3674 |
| Total Expenditure | 3845 | 3771 | 3493 | 1848 | 2173 | 1922 | 1814 | 2311 | 2755 | 2627 | 2877 | 2976 |
| Operating Profit | 753 | 373 | 509 | 295 | 336 | 285 | 313 | 419 | 541 | 639 | 636 | 699 |
| Interest | 522 | 547 | 564 | 92 | 114 | 74 | 57 | 42 | 30 | 25 | 30 | 23 |
| Depreciation | 418 | 308 | 300 | 60 | 61 | 64 | 68 | 70 | 67 | 77 | 98 | 114 |
| Exceptional Income / Expenses | -100 | 0 | 0 | 0 | 0 | 0 | 0 | 31 | 0 | 0 | 0 | -13 |
| Profit Before Tax | -287 | -481 | -355 | 142 | 162 | 147 | 188 | 346 | 455 | 550 | 527 | 550 |
| Provision for Tax | -36 | -55 | 5 | 5 | -227 | 210 | 36 | 55 | 105 | 125 | 121 | 131 |
| Profit After Tax | -251 | -426 | -360 | 137 | 389 | -63 | 151 | 291 | 351 | 424 | 406 | 419 |
| Adjustments | -2 | -3 | 1 | -408 | -341 | 481 | -2 | -0 | -0 | -0 | 1 | 1 |
| Profit After Adjustments | -253 | -430 | -359 | -271 | 48 | 419 | 150 | 291 | 350 | 424 | 407 | 420 |
| Adjusted Earnings Per Share | -8.3 | -14.1 | -11.8 | -8.9 | 1.6 | 13.7 | 4.9 | 9.6 | 11.5 | 13.9 | 13.4 | 13.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 8% | 9% | 10% | -3% |
| Operating Profit CAGR | -0% | 15% | 17% | -2% |
| PAT CAGR | -4% | 12% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 45% | 27% | 65% | 42% |
| ROE Average | 16% | 18% | 17% | 7% |
| ROCE Average | 19% | 21% | 19% | 11% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1759 | 1353 | 945 | 727 | 782 | 1227 | 1404 | 1694 | 2031 | 2380 | 2752 |
| Minority's Interest | 31 | 34 | 34 | 34 | 32 | 38 | 4 | 4 | 4 | 4 | -0 |
| Borrowings | 2713 | 2997 | 2845 | 2753 | 2306 | 305 | 237 | 189 | 197 | 200 | 145 |
| Other Non-Current Liabilities | 227 | 144 | 110 | 113 | -185 | 83 | 122 | 140 | 203 | 183 | 231 |
| Total Current Liabilities | 3737 | 3433 | 3805 | 3827 | 1867 | 863 | 818 | 717 | 721 | 719 | 702 |
| Total Liabilities | 8467 | 7962 | 7739 | 7453 | 6769 | 2516 | 2585 | 2742 | 3157 | 3487 | 3830 |
| Fixed Assets | 5477 | 5302 | 5024 | 4855 | 927 | 948 | 925 | 909 | 949 | 1153 | 1406 |
| Other Non-Current Assets | 168 | 362 | 331 | 339 | 312 | 249 | 260 | 232 | 447 | 441 | 433 |
| Total Current Assets | 2822 | 2242 | 2319 | 2211 | 1219 | 1304 | 1386 | 1589 | 1762 | 1885 | 1983 |
| Total Assets | 8467 | 7962 | 7739 | 7453 | 6769 | 2516 | 2585 | 2742 | 3157 | 3487 | 3830 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 169 | 68 | 48 | 43 | 50 | 48 | 97 | 99 | 154 | 150 | 150 |
| Cash Flow from Operating Activities | 729 | 856 | 686 | 914 | 974 | 212 | 214 | 159 | 252 | 444 | 422 |
| Cash Flow from Investing Activities | -562 | -383 | -31 | -34 | -4 | 2943 | -34 | 56 | -158 | -288 | -223 |
| Cash Flow from Financing Activities | -266 | -491 | -663 | -872 | -973 | -3105 | -177 | -161 | -101 | -159 | -91 |
| Net Cash Inflow / Outflow | -99 | -19 | -8 | 9 | -3 | 51 | 2 | 54 | -7 | -3 | 107 |
| Closing Cash & Cash Equivalent | 69 | 48 | 43 | 50 | 48 | 97 | 99 | 154 | 150 | 150 | 261 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -8.31 | -14.1 | -11.78 | -8.9 | 1.57 | 13.75 | 4.91 | 9.56 | 11.49 | 13.91 | 13.38 |
| CEPS(Rs) | 5.48 | -3.89 | -1.95 | 6.48 | 14.77 | 0.03 | 7.19 | 11.85 | 13.72 | 16.45 | 16.56 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2.5 | 2.75 | 3 |
| Book NAV/Share(Rs) | 55.42 | 43.45 | 31.01 | 23.86 | 25.66 | 40.28 | 46.06 | 55.58 | 66.65 | 78.1 | 90.35 |
| Core EBITDA Margin(%) | 14.49 | 7.57 | 9.15 | 10.32 | 12.58 | 10.68 | 13.43 | 13.91 | 15.6 | 18.45 | 17.13 |
| EBIT Margin(%) | 4.75 | 1.45 | 4.92 | 11.1 | 10.99 | 10.21 | 11.58 | 14.36 | 14.77 | 17.7 | 15.96 |
| Pre Tax Margin(%) | -5.81 | -10.68 | -8.34 | 6.73 | 6.46 | 6.79 | 8.89 | 12.79 | 13.85 | 16.93 | 15.11 |
| PAT Margin (%) | -5.08 | -9.46 | -8.45 | 6.49 | 15.54 | -2.89 | 7.16 | 10.76 | 10.66 | 13.07 | 11.65 |
| Cash Profit Margin (%) | 3.38 | -2.63 | -1.4 | 9.34 | 17.97 | 0.05 | 10.38 | 13.34 | 12.72 | 15.44 | 14.46 |
| ROA(%) | -2.91 | -5.19 | -4.58 | 1.8 | 5.47 | -1.35 | 5.93 | 10.94 | 11.89 | 12.77 | 11.11 |
| ROE(%) | -13.67 | -28.31 | -31.69 | 16.4 | 51.58 | -6.23 | 11.51 | 18.82 | 18.83 | 19.23 | 15.84 |
| ROCE(%) | 4.11 | 1.14 | 3.76 | 4.64 | 6.02 | 7.19 | 13.24 | 19.68 | 21.85 | 22.69 | 19.3 |
| Receivable days | 37.39 | 44.61 | 55.67 | 116.93 | 72.65 | 52.52 | 54.08 | 49.99 | 50.74 | 58.44 | 55.85 |
| Inventory Days | 118.4 | 120.54 | 111.63 | 218.9 | 136.49 | 106.25 | 111.18 | 99.04 | 93.67 | 100.08 | 98.12 |
| Payable days | 107.34 | 88.85 | 102.88 | 204.55 | 127.51 | 75.39 | 78.84 | 54.09 | 46.35 | 53.66 | 49.66 |
| PER(x) | 0 | 0 | 0 | 0 | 25.59 | 1.16 | 6.74 | 14.07 | 18.64 | 22.88 | 25.16 |
| Price/Book(x) | 0.41 | 0.26 | 0.56 | 0.77 | 1.57 | 0.4 | 0.72 | 2.42 | 3.21 | 4.08 | 3.73 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.49 | 1.17 | 0.86 | 0.89 |
| EV/Net Sales(x) | 1.01 | 1.16 | 1.25 | 2.21 | 1.9 | 0.44 | 0.66 | 1.6 | 2.06 | 3.05 | 2.97 |
| EV/Core EBITDA(x) | 6.13 | 12.76 | 9.51 | 15.49 | 14.04 | 3.35 | 4.4 | 10.26 | 12.41 | 15.39 | 16.21 |
| Net Sales Growth(%) | 11.96 | -9.84 | -5.6 | -46.79 | 20.45 | -13.44 | -2.63 | 28.17 | 21.57 | -1.3 | 7.72 |
| EBIT Growth(%) | -49.62 | -72.12 | 219.62 | 12.09 | 17.29 | -19.58 | 10.55 | 58.87 | 24.93 | 18.25 | -3.12 |
| PAT Growth(%) | -2001.66 | -69.61 | 15.69 | 138.13 | 183.9 | -116.08 | 341.89 | 92.55 | 20.3 | 20.97 | -4.2 |
| EPS Growth(%) | -2465.38 | -69.77 | 16.48 | 24.43 | 117.69 | 772.93 | -64.28 | 94.71 | 20.21 | 21.08 | -3.85 |
| Debt/Equity(x) | 2.36 | 3.38 | 4.62 | 5.6 | 4.56 | 0.47 | 0.35 | 0.22 | 0.17 | 0.13 | 0.12 |
| Current Ratio(x) | 0.76 | 0.65 | 0.61 | 0.58 | 0.65 | 1.51 | 1.7 | 2.22 | 2.44 | 2.62 | 2.82 |
| Quick Ratio(x) | 0.31 | 0.28 | 0.27 | 0.26 | 0.31 | 0.8 | 0.87 | 1.1 | 1.21 | 1.38 | 1.42 |
| Interest Cover(x) | 0.45 | 0.12 | 0.37 | 2.54 | 2.42 | 2.98 | 4.3 | 9.16 | 16.04 | 23.18 | 18.83 |
| Total Debt/Mcap(x) | 5.72 | 12.79 | 8.21 | 7.3 | 2.9 | 1.19 | 0.48 | 0.09 | 0.05 | 0.03 | 0.03 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 46.79 | 46.69 | 45.35 | 44.42 | 42.88 | 42.82 | 43.23 | 41.8 | 41.13 | 39.9 |
| FII | 11.85 | 12.74 | 14.56 | 13.97 | 14.39 | 14.08 | 14.04 | 14.07 | 13.93 | 14.4 |
| DII | 3.8 | 3.4 | 3.54 | 4.82 | 7.14 | 7.83 | 8.94 | 10.72 | 11.93 | 13.73 |
| Public | 36.04 | 35.65 | 35.03 | 35.27 | 34.07 | 33.76 | 32.28 | 31.89 | 31.5 | 30.46 |
| Others | 1.52 | 1.52 | 1.52 | 1.52 | 1.52 | 1.52 | 1.52 | 1.52 | 1.52 | 1.52 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 14.26 | 14.23 | 13.82 | 13.54 | 13.07 | 13.05 | 13.17 | 12.74 | 12.53 | 12.16 |
| FII | 3.61 | 3.88 | 4.44 | 4.26 | 4.39 | 4.29 | 4.28 | 4.29 | 4.25 | 4.39 |
| DII | 1.16 | 1.04 | 1.08 | 1.47 | 2.17 | 2.39 | 2.72 | 3.27 | 3.63 | 4.18 |
| Public | 10.98 | 10.86 | 10.68 | 10.75 | 10.38 | 10.29 | 9.84 | 9.72 | 9.6 | 9.28 |
| Others | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 |
| Total | 30.47 | 30.47 | 30.47 | 30.47 | 30.47 | 30.47 | 30.47 | 30.47 | 30.47 | 30.47 |
* The pros and cons are machine generated.
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