Usha Martin Ltd (USHAMART)
₹495.70
Mkt cap
₹15,127 Cr
P/E ratio
30.00
P/B
4.59
Div yield
0.60%
ROE
16.60%
ROCE
20.20%
EPS (TTM)
₹16.52
Book value
₹108
52W range
340–520
Sector
Industrials
Usha Martin Ltd is primarily engaged in manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in sale of other products such as wire drawing and allied machines. [1]
Health check
Constructive
ValuationFair
ProfitabilityStrong
GrowthLow
TechnicalsBullish
52-week range
−4.64% from high₹496
₹340+46.01% from low₹520
Current
₹495.70
Prev close
₹495.40
Day
+0.06%
Price performance
1D
+0.06%
1W
−2.50%
1M
+4.78%
3M
+11.64%
6M
+17.87%
1Y
+28.30%
YTD
+9.84%
Financials
FRevenue, profit & margin
P/E ratio
30.0×
USHAMART is 28% above the sector median of 23.5×
USHAMART30.0×
Sector median23.5×
| 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 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 855 | 814 | 785 | 797 | 829 | 826 | 891 | 861 | 896 | 887 | 908 | 917 | 979 | |
| Expenses | 701 | 669 | 640 | 640 | 678 | 672 | 730 | 718 | 757 | 743 | 735 | 741 | 768 | |
| Operating Profit | 154 | 146 | 144 | 157 | 152 | 154 | 161 | 143 | 140 | 145 | 173 | 176 | 212 | |
| OPM % | 18% | 18% | 18% | 20% | 18% | 19% | 18% | 17% | 16% | 16% | 19% | 19% | 22% | |
| Other Income | 13 | 7 | 25 | 8 | 14 | 9 | 11 | 9 | 28 | 20 | 10 | -5 | 21 | |
| Interest | 8 | 6 | 6 | 6 | 7 | 7 | 8 | 9 | 7 | 6 | 5 | 5 | 4 | |
| Depreciation | 17 | 18 | 18 | 19 | 23 | 22 | 23 | 26 | 28 | 29 | 28 | 29 | 31 | |
| Profit before tax | 142 | 129 | 144 | 140 | 136 | 135 | 141 | 118 | 133 | 130 | 150 | 138 | 197 | |
| Tax % | 26% | 22% | 24% | 23% | 22% | 23% | 23% | 22% | 24% | 22% | 27% | 22% | 25% | |
| Net Profit | 105 | 101 | 110 | 108 | 106 | 104 | 109 | 92 | 101 | 101 | 110 | 108 | 148 | |
| EPS in Rs | 3.45 | 3.31 | 3.59 | 3.53 | 3.49 | 3.42 | 3.60 | 3.04 | 3.31 | 3.31 | 3.60 | 3.53 | 4.85 | |
| Raw PDF |
Earnings
EResults dates & reactionsNext results
27 Jul '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.80% · closed higher next day 25 of last 57
| Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 5 Aug '23◦ | 3 Nov '23◦ | 6 Feb '24◦ | 26 Apr '24◦ | 12 Aug '24◦ | 7 Nov '24 | 29 Jan '25◦ | 12 May '25◦ | 12 Aug '25◦ | 8 Nov '25◦ | 29 Jan '26◦ | 30 Apr '26 |
| Earnings day | +1.84% | +2.95% | −1.29% | −2.96% | −1.79% | −0.89% | +2.79% | −0.68% | −0.73% | +1.87% | +0.18% | −2.17% |
| +1 day | +1.28% | +7.91% | +1.01% | +2.32% | −0.13% | −5.51% | +0.28% | +0.39% | +1.13% | −0.62% | −2.74% | +0.44% |
| +5 days | −2.41% | +13.08% | −6.89% | −1.80% | −1.13% | −9.43% | −2.98% | +7.62% | +5.13% | −4.77% | +2.04% | +2.39% |
| +15 days | +4.98% | +11.66% | −8.76% | −6.92% | +1.55% | −9.53% | −14.86% | +0.60% | +9.07% | −10.50% | −1.49% | +0.84% |
| +30 days | +0.92% | +6.44% | −14.97% | +0.94% | +6.21% | −11.31% | −10.25% | +6.96% | +28.18% | −4.34% | −2.75% | +7.18% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
CLast 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
Sas of Mar 202640.52%Promoter
Promoters40.52%
FIIs14.77%0.15
DIIs14.81%0.70
Public29.80%0.83
Ownership trend
Peers
P8 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| APL Apollo Tubes | ₹1,817.20 | 41.93 | 50,449 | 0.32% | 354 | +20.89% | 6,269 | +13.81% | 31.64% |
| Welspun Corp | ₹1,680.10 | 27.56 | 44,413 | 0.30% | 371 | +19.76% | 4,313 | +9.87% | 22.89% |
| Shyam Metalics | ₹1,033.75 | 26.97 | 28,869 | 0.44% | 312 | +45.87% | 5,240 | +26.60% | 13.01% |
| Ratnamani Metals | ₹2,603.60 | 37.27 | 18,252 | 0.38% | 116 | −52.04% | 1,085 | −36.75% | 17.92% |
| Godawari Power | ₹253.50 | 20.95 | 17,056 | 0.39% | 280 | +32.53% | 1,610 | +9.69% | 20.37% |
| Gallantt Ispat L | ₹688.95 | 34.33 | 16,624 | 0.18% | 123 | +5.61% | 1,205 | +12.37% | 18.23% |
| Jindal Saw | ₹255.55 | 25.02 | 16,352 | 0.78% | 91 | −75.43% | 4,452 | +9.00% | 10.43% |
| Usha Martin | ₹497.15 | 30.03 | 15,127 | 0.60% | 148 | +56.00% | 979 | +9.28% | 20.18% |
| Median: 82 Co. | ₹174.75 | 23.48 | 1,069 | 0.00% | 15 | +24.13% | 243 | +9.69% | 13.70% |
Filings
DAnnual reports15
Financial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bseFinancial Year 2011nse
Concall transcripts46
TranscriptMay 2026PPTMay 2026RECMay 2026TranscriptFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025PPTNov 2025TranscriptAug 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025PPTMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024PPTNov 2024RECNov 2024TranscriptAug 2024PPTAug 2024RECAug 2024TranscriptMay 2024
Credit ratings6
Announcements5
Intimation Of Record Date For Dividend 2h - 40th AGM on 20 Aug 2026; record date for dividend set for 13 Aug 2026.Intimation Of 40Th Annual General Meeting Of The Company 2hIntimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - KYC Updation Letters To Shareholders Holding Shares In Physical Mode 1d - Usha Martin reminds physical shareholders to update KYC details under SEBI rules, dated 13 July 2026.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jul - Regulation 74(5) compliance certificate submitted for quarter ended 30 June 2026.Closure of Trading Window 26 Jun