USHAMART

Usha Martin Ltd.

NSE: USHAMART

BSE: 517146

Sector: Capital Goods

Industry Group: Industrial Products

Industry: Iron & Steel Products

489.95-17.1 (-3.36%)

8 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

93.7 / 100

Value Score

42.1 / 100

Price Momentum Score

88.1 / 100

QVM Score

93.4 / 100

Key Metrics

Market Cap

14930.80

P/E (TTM)

32.04

P/B

4.52

P/S (TTM)

4.05

EV/EBITDA

20.70

CAPE (5Y)

38.02

ROE (TTM)

15.39

ROCE (TTM)

17.58

ROA (TTM)

11.71

Avg 3Y ROE

16.83

Earnings 3Y CAGR

11.93

Sales 3Y CAGR

4.14

Sales 5Y CAGR

11.97

Debt/Equity

0.07

Consensus TP

585.00

Strong Buy %

Promoter Holding

40.52

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Usha Martin Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 88.1 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

88.1 / 100

High and stable ROE

The company reported strong ROE of 15.39% for 12-month ended 31 Mar 2026 and ROE declined marginally by -49 bps from 1 year ago

What is ROE (FY)?

High and improving operating margin

The company reported strong operating margin of 15.95% for 12-month ended 31 Mar 2026 and operating margin improved by 158 bps from 1 year ago

What is Operating profit margin?

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 20.51% for 12-month ended 31 Mar 2026 and the growth was 16.4 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.07 as on 31 Mar 2026 and Debt to Equity decreased marginally by 0.08 in the last 1 year

What is Debt to Equity?

Company's earnings are of high quality

Earnings quality score of 77.1 indicates that the company's earnings are of high quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

77.1 / 100

Consistently pays dividend

The company has not missed dividend payments once in the last 4 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 32.04 indicates that the stock is expensive on a standalone basis and is at a 54.56% premium to industry median P/E

What is P/E Ratio?

Median: 20.73

Value 32.04

-57.93344.27

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -3.63% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Low revenue growth and in line with median growth of industry

The company delivered low revenue growth of 6.24% for 12-month ended 31 Mar 2026 and the growth was 0.89 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 7.13

Value 6.24

-98.54326607

Low dividend yield

The company has a low dividend yield of 0.61%

What is Dividend yield?

Neutral

Not enough talking points with neutral stance

Financial Snapshot

See detailed analysis

Multi-year trends for Usha Martin Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Usha Martin Ltd. Shareholding Pattern

Quarterly breakdown of Usha Martin Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	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
Total Promoter	52.46	53.52	52.83	51.80	50.87	50.51	50.13	49.79	49.26	49.04	48.70	48.30	48.26	47.88	47.51	47.41	46.05	45.11	43.54	43.48	43.89	42.45	41.76	40.52	40.52
Indian Promoter	33.77	34.91	35.99	36.46	36.21	36.21	36.20	36.20	36.20	36.29	36.36	36.36	36.36	35.85	35.95	35.85	33.90	32.99	31.72	30.72	31.13	30.29	29.29	29.32	29.32
Foreign Promoter	18.69	18.61	16.84	15.34	14.67	14.31	13.93	13.59	13.06	12.76	12.34	11.94	11.91	12.03	11.56	11.56	12.14	12.12	11.83	12.76	12.77	12.15	12.47	11.19	11.19
Institutions	9.57	9.73	8.54	8.38	8.24	8.46	8.62	8.65	8.74	8.74	8.93	9.67	11.61	12.72	15.89	16.39	18.39	19.08	21.86	22.24	23.33	25.17	26.26	28.56	29.39
Mutual Funds / UTI	0.10	0.53	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.78	2.11	3.39	3.81	3.40	3.55	4.76	6.94	7.32	8.36	10.44	10.90	12.17	12.46
FI/Bank/Insurance	1.08	1.05	0.36	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.00	0.00	0.00	0.00	0.00	0.03	0.04	0.05	0.04	0.03	0.03	0.09	0.13
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	8.40	8.16	8.17	8.33	8.18	8.41	8.57	8.60	8.69	8.68	8.89	8.83	9.49	9.29	12.03	12.94	14.78	14.19	14.61	14.29	14.25	14.29	14.14	14.62	14.76
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.05	0.05	0.05	0.05	0.09	0.26	0.58	0.67	0.41	1.18	1.68	2.04
Non-Institution	37.97	36.75	38.64	39.82	40.89	41.03	41.24	41.56	42.00	42.22	42.37	42.04	40.12	39.40	36.60	36.20	35.57	35.81	34.60	34.28	32.77	32.38	31.99	30.93	30.09
Bodies Corporate	16.07	14.56	15.58	15.90	15.22	15.14	13.45	13.68	14.18	14.94	14.18	14.35	13.92	13.67	12.01	12.58	12.53	12.43	12.68	11.81	11.82	12.13	12.76	11.71	11.49
Others (incl. Retail) No. of shareholders	21.90 42,763	22.19 44,605	23.06 43,122	23.92 42,893	25.67 48,735	25.89 67,524	27.79 62,676	27.88 64,421	27.82 61,685	27.28 64,972	28.19 66,280	27.69 65,396	26.20 65,728	25.73 70,738	24.59 75,747	23.62 80,402	23.04 84,602	23.38 98,949	21.92 1,09,895	22.47 1,48,982	20.95 1,17,172	20.25 1,13,014	19.23 1,03,513	19.22 1,03,059	18.60 99,855

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Iron & Steel Products	6.03%	8 / 20
2	Nifty 500 Momentum Quality 50	0.55%	37 / 50
3	Nifty Smallcap 250	0.47%	70 / 249
4	Nifty 500	0.05%	287 / 499
5	Nifty Total Market	0.05%	317 / 749

Prominent Investor Holdings

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Usha Martin Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
Usha Martin Limited Employee Welfare Trust Designated Person	December-2025	Market Purchase (Acquisition) 20th Dec 2025	0.11 %	₹ 448.65	2.00 k	₹ 8.97 lac
Usha Martin Limited Employee Welfare Trust Designated Person	December-2025	Market Purchase (Acquisition) 17th Dec 2025	0.10 %	₹ 453.93	18.00 k	₹ 81.71 lac
Peterhouse Investments Ltd. Promoter Group	December-2025	Market Sale (Disposal) 16th Dec 2025	1.13 %	₹ 430.92	2.00 lac	₹ 8.62 cr
Usha Martin Limited Employee Welfare Trust Designated Person	December-2025	Market Purchase (Acquisition) 16th Dec 2025	0.10 %	₹ 457.95	2.30 k	₹ 10.53 lac
Peterhouse Investments India Ltd. Promoter Group	December-2025	Block Deal (Disposal) 15th Dec 2025	1.33 %	₹ 430.00	23.00 lac	₹ 98.90 cr
Peterhouse Investments India Ltd. Promoter Group	December-2025	Market Sale (Disposal) 12th Dec 2025	1.40 %	₹ 429.12	2.20 lac	₹ 9.44 cr
Peterhouse Investments Ltd. Promoter Group	December-2025	Market Sale (Disposal) 11th Dec 2025	1.23 %	₹ 422.65	3.00 lac	₹ 12.68 cr
Usha Martin Limited Employee Welfare Trust Designated Person	December-2025	Market Purchase (Acquisition) 11th Dec 2025	0.10 %	₹ 428.25	28.70 k	₹ 1.23 cr
Rajeev Jhawar Promoter	December-2025	Market Purchase (Acquisition) 10th Dec 2025	1.37 %	₹ 428.83	6.00 k	₹ 25.73 lac
Rajeev Jhawar Promoter	December-2025	Market Purchase (Acquisition) 9th Dec 2025	1.37 %	₹ 431.94	9.00 k	₹ 38.87 lac

…

Corporate Actions

History of Usha Martin Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 3/share
Record date: 31st Jul 2025Ex-date: 31st Jul 2025
Announced on: 12th May 2025
Dividend₹ 2.75/share
Record date: 6th Aug 2024Ex-date: 6th Aug 2024
Announced on: 26th Apr 2024
Dividend₹ 2.50/share
Record date: 3rd Aug 2023Ex-date: 3rd Aug 2023
Announced on: 27th Apr 2023
Dividend₹ 2/share
Record date: 21st Jul 2022Ex-date: 20th Jul 2022
Announced on: 30th Apr 2022
Dividend₹ 0.15/share
Record date: 20th Jul 2013Ex-date: 18th Jul 2013
Announced on: 9th May 2013

Company Profile

Overview of Usha Martin Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Usha Martin Limited is an India-based specialty steel wire rope solutions provider. The Company is also engaged in the manufacturing of wires, low relaxation prestressed concrete steel strand (LRPC), wires, prestressing solutions, cables, and bespoke end-fitments and accessories. Its segments includ...

Key personnel

Mr. Abhijit Paul

Chief Financial Officer

Mr. Manish Agarwal

Compliance Officer, Company Secretary

Mr. Chirantan Chatterjee

Whole-Time Director

Shri. Vijay Singh BapnaD

Non-Executive Independent Chairman of the Board

Mr. S. B. N. SharmaD

Senior Vice President - Manufacturing, Whole-Time Director

Mr. Rajeev JhawarD

Managing Director, Executive Director

Mr. Dimitri Bracco GartnerD

Additional Non-Executive Non-Independent Director

Ms. Shreya JhawarD

Additional Non-Executive Non-Independent Director

View all

Incorporated on

22 May 1986

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

07 Oct 1994

Free Float

22,18,35,322

Website

https://ushamartin.com/

Phone no.

+913339800300

Address

2A SHAKESPEAR SARANI P S SHAKESPEAR SARANI, , 700071, India

Frequently Asked Questions

What is the current share price of Usha Martin Ltd.?

The current share price of Usha Martin Ltd. is ₹ 489.95 as of 8 Jul 2026.

What is the market capitalisation of Usha Martin Ltd.?

The market capitalisation of Usha Martin Ltd. stands at ₹ 14,930.80 Cr.

What is the PE ratio of Usha Martin Ltd.?

The Price-to-Earnings (PE) ratio of Usha Martin Ltd. is 32.04 as of the latest trailing twelve months data.

What is the ROE and ROCE of Usha Martin Ltd.?

Usha Martin Ltd. has a Return on Equity (ROE) of 15.39% and a Return on Capital Employed (ROCE) of 17.58% as per the latest financial reports.

What is the 52-week high and low of Usha Martin Ltd.?

The 52-week high of Usha Martin Ltd. is - and the 52-week low is -.

What is the dividend yield of Usha Martin Ltd.?

The dividend yield of Usha Martin Ltd. is 0.61% based on the current market price.

What is the FII and DII holding in Usha Martin Ltd.?

Foreign Institutional Investors (FII) hold 14.76%, Domestic Institutional Investors (DII) hold 12.59% and retail/public investors hold 18.60% of Usha Martin Ltd. shares.

What sector does Usha Martin Ltd. belong to?

Usha Martin Ltd. operates in the Capital Goods sector.

What is the beta of Usha Martin Ltd.?

The beta of Usha Martin Ltd. is 0.93, indicating its price volatility relative to the broader market. Over the past 1 year, Usha Martin Ltd. has delivered an absolute return of 33.65%.

What is the RSI of Usha Martin Ltd.?

The 14-day Relative Strength Index (RSI) of Usha Martin Ltd. is 50.04, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Usha Martin Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Usha Martin Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Holdings and Presence

Company Profile

Corporate Actions