Usha Martin
Usha Martin Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Usha Martin Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Usha Martin Ltd trades at a P/E of 30.24× and P/B of 4.49×.
Valuation
Profitability
Growth
Financial Health
Usha Martin Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Usha Martin Ltd, switchable between annual and quarterly views, consolidated or standalone.
Usha Martin Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹15,084.73 Cr and reported EPS of ₹16.10.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 4,768 | 2,470 | 2,154 | 2,097 | 2,688 | 3,268 | 3,225 | 3,474 | 3,691 |
| Other Income | 85 | 40 | 53 | 33 | 35 | 28 | 40 | 39 | 69 |
| Total Income | 4,853 | 2,509 | 2,207 | 2,131 | 2,723 | 3,296 | 3,265 | 3,514 | 3,760 |
| Cost of Goods Sold (COGS) | 2,347 | 1,512 | 1,225 | 1,171 | 1,487 | 1,806 | 1,633 | 1,750 | 1,868 |
| Gross Profit | 2,421 | 957 | 929 | 927 | 1,201 | 1,461 | 1,592 | 1,724 | 1,824 |
| +Operating Expenses | 1,878 | 661 | 697 | 647 | 817 | 948 | 993 | 1,127 | 1,118 |
| EBITDA | 543 | 296 | 232 | 279 | 384 | 513 | 599 | 597 | 705 |
| +Non-Operating Expenses | 892 | 174 | 138 | 125 | 143 | 98 | 102 | 127 | 119 |
| Profit Before Tax (PBT) | -264 | 162 | 147 | 188 | 338 | 444 | 537 | 509 | 621 |
| +Tax Expense | 5 | -227 | 210 | 36 | 55 | 105 | 125 | 121 | 148 |
| Profit After Tax (PAT) | -268 | 49 | 421 | 152 | 291 | 351 | 424 | 406 | 466 |
| Earnings Per Share (EPS) | -8.90 | 1.57 | 13.74 | 4.91 | 9.56 | 11.49 | 13.91 | 13.37 | 15.29 |
| Diluted Shares Outstanding (Nos.) | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| +Additional Disclosures | 7,522 | 3,528 | 3,795 | 3,135 | 3,911 | 4,719 | 4,376 | 4,825 | 5,164 |
| Sales Growth % | — | -48.21 | -12.78 | -2.63 | 28.17 | 21.57 | -1.30 | 7.72 | 6.24 |
| YoY Sales Growth % | — | -48.21 | -12.78 | -2.63 | 28.17 | 21.57 | -1.30 | 7.72 | 6.24 |
| Material Cost % | 46 | 64 | 53 | 55 | 57 | 55 | 50 | 52 | 47 |
| Employee Cost % | 8 | 11 | 14 | 14 | 12 | 11 | 13 | 14 | 12 |
| Other Cost % | 31 | 15 | 18 | 17 | 18 | 18 | 18 | 19 | 18 |
| OPM % | 11 | 12 | 11 | 13 | 14 | 16 | 19 | 17 | 19 |
| Tax % | -2 | -141 | 143 | 19 | 16 | 24 | 23 | 24 | 24 |
| Profit Growth % | — | 118.40 | 754.12 | -64.02 | 92.36 | 20.30 | 20.97 | -4.20 | 14.76 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 238 | 235 | 168 | 211 | 314 | 446 | 522 | 499 | 589 |
Usha Martin segment analysis: revenue and profit mix.
Disclosed business segments at Usha Martin with their share of revenue and profit, switchable between consolidated and standalone reporting.
Usha Martin discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Usha Martin Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Usha Martin Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Usha Martin Ltd's investment case rests on 9 positive markers and 9 flagged concerns drawn from the latest reported filings.
What you're getting.
Healthy ROE (15.8%) and ROCE (18.8%) indicate efficient capital utilization.
Low debt-to-equity ratio (0.15) suggests a conservative financial approach.
Strong institutional investor confidence with rising FII and DII holdings.
Robust 5-year CAPEX CAGR of 43.22% for future growth.
Positive Operating Profit Margin (OPM) of 17.2% reflects strong cost control.
What can break it.
Promoter stake decreased from 49.04% to 41.8%, raising governance concerns.
Stock experienced -3.41% decline over 5 days, indicating market uncertainty.
P/E ratio of 34.80 exceeds sector P/E of 28.84, suggesting overvaluation.
Latest quarterly profit declined by 3.05%, signaling potential operational challenges.
EPS CAGR of -0.53% over five years shows inconsistent earnings performance.
What would change my mind.
Trim if P/E re-rates above 39. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 7.42. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 11%. The operating engine is no longer compounding capital efficiently.
Usha Martin Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Usha Martin Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Usha Martin Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Usha Martin Ltd — derived from the live tape, not yesterday's close.
Usha Martin Ltd last traded at ₹494.9 with an intraday range of ₹493.3–₹505.4 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹494.90| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 526.63 | +31.73 | +6.41% |
| R3 | 514.53 | +19.63 | +3.97% |
| R2 | 509.97 | +15.07 | +3.04% |
| R1 | 502.43 | +7.53 | +1.52% |
| PIVOT | 497.87 | 2.97 | 0.60% |
| CURRENT | 494.90 | — | — |
| S1 | 466.13 | -28.77 | -5.81% |
| S2 | 478.23 | -16.67 | -3.37% |
| S3 | 485.77 | -9.13 | -1.85% |
| S4 | 490.33 | -4.57 | -0.92% |
USHAMART is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 500.7 ~ 505.4
Trading Inside opening range
Usha Martin Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Usha Martin Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Usha Martin Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Usha Martin Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Usha Martin Ltd stood at 42.6% of traded volume, against a 20-day average of 46.5%.
Usha Martin announcements: results, concalls, ratings, M&A.
Filings Usha Martin sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Usha Martin files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 115 documents below.
Copy of Newspaper Publication
USHAMART: Usha Martin Limited has informed the Exchange about Copy of Newspaper Publication with respect to "Saksham Niveshak- Second 100 Day…
Disclosure under SEBI Takeover Regulations
Rajeev Jhawar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Change in Auditors
Usha Martin Limited has informed the Exchange regarding Change in Auditors of the company.
Change in Management
USHAMART: Usha Martin Limited has informed the Exchange about change in Management.
Analysts/Institutional Investor Meet/Con. Call Updates
Usha Martin Limited has informed the Exchange about Schedule of meet
Investor decks & rating reports.
Usha Martin insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Usha Martin as reported to SEBI — buying and selling signals from the people who know the business best.
Usha Martin insider activity below tracks 26 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| PETERHOUSE INVESTMENTS LIMITED | Insider | 13 Jun 2025 | sell | −5.00 L | ₹15.45 Cr | ₹308.94 |
| PETERHOUSE INVESTMENTS INDIA LIMITED | Insider | 12 Jun 2025 | sell | −2.00 L | ₹6.19 Cr | ₹309.68 |
| PETERHOUSE INVESTMENTS INDIA LIMITED | Insider | 11 Jun 2025 | sell | −6.00 L | ₹18.69 Cr | ₹311.43 |
| PETERHOUSE INVESTMENTS INDIA LIMITED | Insider | 09 Jun 2025 | sell | −2.00 L | ₹6.17 Cr | ₹308.41 |
| PETERHOUSE INVESTMENTS INDIA LIMITED | Insider | 05 Jun 2025 | sell | −3.00 L | ₹9.26 Cr | ₹308.60 |
| PETERHOUSE INVESTMENTS INDIA LIMITED | Insider | 02 Jun 2025 | sell | −3.00 L | ₹9.32 Cr | ₹310.60 |
| PETERHOUSE INVESTMENTS INDIA LIMITED | Insider | 29 May 2025 | sell | −1.00 L | ₹3.12 Cr | ₹311.95 |
| PETERHOUSE INVESTMENTS LIMITED | Insider | 28 May 2025 | buy | +25.00 L | — | — |
| PETERHOUSE INVESTMENTS INDIA LIMITED | Insider | 27 May 2025 | sell | −2.30 L | ₹7.34 Cr | ₹319.16 |
| PETERHOUSE INVESTMENTS INDIA LIMITED | Insider | 23 May 2025 | sell | −70.0 K | ₹2.29 Cr | ₹326.66 |
Usha Martin dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Usha Martin has declared, sequenced by announce and record date.
Usha Martin corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Usha Martin Ltd: business, sector, key facts.
What Usha Martin Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Usha Martin Ltd operates in the Basic Materials, listed as NSE: USHAMART, BSE: 517146.
Usha Martin Limited is a prominent Indian manufacturer and seller of steel wire-based products, operating both domestically and internationally. Their core business revolves around the production and distribution of a wide variety of steel wires, strands, and wire ropes. This includes specialized wire ropes for diverse applications such as oil and offshore operations, cranes, mining, elevators, fishing, aerial transportation, and general engineering projects. They also cater to the needs of industries requiring conveyor cords and structural systems with their robust wire rope offerings.
Beyond wire products, Usha Martin boasts a substantial manufacturing arm focused on industrial machinery. Their machinery portfolio encompasses a comprehensive range of equipment crucial for wire production, including wire drawing machines, stranding machines, and wire rope closing machines. They also produce steel plant equipment, cable machines, and material handling equipment, highlighting their vertically integrated business model. Further extending their manufacturing capabilities, they produce machines for bright bar manufacturing, armoring and rewinding, and even copper coating lines for CO2 welding wire manufacture.
A significant portion of Usha Martin's operations centers around pre-stressing and post-tensioning solutions for construction and infrastructure projects. This includes providing pre-stressing solutions, anchorage accessories and equipment, hydraulic jacks, powerpacks, grout pumps and agitators, and pre-stressing machines and accessories, along with installation services. This demonstrates their commitment to providing complete solutions rather than just individual components.
The company's product range extends to a diverse selection of specialized steel wires tailored to various industries. These include spring steel, CO2 welding wire, detonator wire, mattress wire, cold heading quality wire, auto spoke wire, brush wire, needle wire, and cycle spoke wire. They also manufacture a range of Low Relaxation Pre-stressed Concrete (LRPC) strands, offering options such as compacted, indented, bonded, un-bonded polymer coated galvanized LRPC strands. In addition to their traditional steel products, Usha Martin has expanded into the fiber optics and cable market, providing optical fiber, aerial cables, micro ducts, hybrid category cables, FTTH/drop cables, aerial copper cables, duct copper cables, and jelly-filled copper cables.
Founded in 1960 and headquartered in Kolkata, India, Usha Martin Limited (formerly Usha Beltron Limited) has evolved into a multifaceted company with a strong presence in both the steel wire and industrial machinery sectors, supplying a wide range of products and solutions to a global clientele.
Questions investors ask about Usha Martin Ltd (USHAMART).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Usha Martin Ltd (USHAMART)?
The current share price of Usha Martin Ltd (USHAMART) is ₹494.9. Today, the stock has declined by ₹4.30 (0.86%), trading in a range of ₹493.3 to ₹505.4. The stock opened at ₹504.9 with a trading volume of 1,84,999 shares.
02Is Usha Martin Ltd stock a good investment for long-term?
Usha Martin Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹15,084.73 crores, P/E ratio of 30.24, ROE of 16.23%, and ROCE of 18.80%. The dividend yield stands at 0.62%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Usha Martin Ltd stock?
The 52-week high price of Usha Martin Ltd (USHAMART) is ₹527.5, while the 52-week low is ₹306.55. Currently trading at ₹494.9, the stock is 85.2% away from its 52-week low and 6.2% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Usha Martin Ltd stock at the current price?
Whether to buy Usha Martin Ltd stock at ₹494.9 depends on multiple factors. The stock is currently trading with a P/E ratio of 30.24 and P/B ratio of 4.49. Today's performance shows a loss of 0.86%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Usha Martin Ltd and when is the next dividend?
Usha Martin Ltd offers a dividend yield of 0.62%, which means for every ₹100 invested at the current price of ₹494.9, you can expect to receive approximately ₹0.62 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Usha Martin Ltd?
Usha Martin Ltd's key financial metrics include: P/E Ratio: 30.24, P/B Ratio: 4.49, ROE: 16.23%, ROCE: 18.80%, Dividend Yield: 0.62%, EPS: ₹16.10, Book Value: ₹108.35, and Debt-to-Equity: 6.92. The company's market cap stands at ₹15,084.73 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Usha Martin Ltd stock performing today in the market?
Usha Martin Ltd stock opened at ₹504.9 and is currently trading at ₹494.9, showing a decline of ₹4.30 (0.86%). The intraday high is ₹505.4 and low is ₹493.3. The trading volume stands at 1,84,999 shares, indicating moderate market participation today.
08What is the P/E ratio of Usha Martin Ltd and what does it indicate?
Usha Martin Ltd has a Price-to-Earnings (P/E) ratio of 30.24, which means investors are willing to pay ₹30.24 for every ₹1 of earnings. With an EPS of ₹16.10, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Usha Martin Ltd (USHAMART) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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