Usha Martin Limited (IN:USHAMART)
:USHAMART
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Usha Martin Limited
(USHAMART)
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Rating:76Outperform
Price Target:
₹462.00
▲(2.35% Upside)
Action:UpgradedDate:10/23/25
Usha Martin Limited's stock score is driven by strong financial performance and positive technical indicators. The company's robust revenue growth and profitability, along with a healthy balance sheet, are significant strengths. However, the stock's high valuation and low dividend yield are notable concerns. The absence of earnings call insights and corporate events does not impact the score.
Positive Factors
Balance sheet strength
Conservative leverage and a high equity ratio provide lasting financial flexibility to fund capex, withstand cyclical downturns and pursue opportunistic investments. Low debt limits interest burden while a 14.8% ROE shows efficient capital use that supports sustainable shareholder returns.
Negative Factors
Net margin decline
A falling net margin despite stable gross margins suggests rising non-operating costs, tax or financing impacts, or limited pass-through of some cost pressures. Persistent net-profit compression can reduce retained earnings, limit reinvestment capacity and pressure return metrics over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Conservative leverage and a high equity ratio provide lasting financial flexibility to fund capex, withstand cyclical downturns and pursue opportunistic investments. Low debt limits interest burden while a 14.8% ROE shows efficient capital use that supports sustainable shareholder returns.
Read all positive factors
Usha Martin Limited (USHAMART) vs. iShares MSCI India ETF (INDA)
Market Cap
₹131.47B
Dividend Yield0.65%
Average Volume (3M)79.76K
Price to Earnings (P/E)32.2
Beta (1Y)0.91
Revenue Growth6.21%
EPS Growth-5.42%
CountryIN
Employees2,206
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)3.50
Shares Outstanding304,741,800
10 Day Avg. Volume63,544
30 Day Avg. Volume79,756
Financial Highlights & Ratios
PEG Ratio-6.44
Price to Book (P/B)3.70
Price to Sales (P/S)2.93
P/FCF Ratio57.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)20.8
Revenue Forecast (FY)₹42.28B
Usha Martin Limited Business Overview & Revenue Model
Company Description
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 oil and offshore, crane, mining, elev...
How the Company Makes Money
Usha Martin primarily makes money by manufacturing and selling steel wire ropes and related wire products to industrial customers in India and international markets. Its core revenue stream is product sales, where earnings are driven by (1) volume...
Usha Martin Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.51B | 34.74B | 32.25B | 32.68B | 26.88B | 20.97B |
| Gross Profit | 17.08B | 17.24B | 15.92B | 14.61B | 12.01B | 9.27B |
| EBITDA | 6.12B | 5.91B | 5.96B | 5.20B | 3.95B | 2.89B |
| Net Income | 4.04B | 4.07B | 4.24B | 3.50B | 2.91B | 1.50B |
Balance Sheet | ||||||
| Total Assets | 38.54B | 37.48B | 33.30B | 30.87B | 27.43B | 26.05B |
| Cash, Cash Equivalents and Short-Term Investments | 3.86B | 2.72B | 1.66B | 1.59B | 1.62B | 1.17B |
| Total Debt | 2.64B | 4.17B | 3.64B | 4.17B | 4.11B | 5.30B |
| Total Liabilities | 8.89B | 9.96B | 9.46B | 10.52B | 10.46B | 11.98B |
| Stockholders Equity | 29.65B | 27.52B | 23.80B | 20.31B | 16.94B | 14.04B |
Cash Flow | ||||||
| Free Cash Flow | 2.29B | 1.77B | 1.66B | 692.60M | 1.07B | 1.77B |
| Operating Cash Flow | 3.33B | 4.22B | 4.44B | 2.52B | 1.59B | 2.14B |
| Investing Cash Flow | -555.80M | -2.23B | -2.88B | -1.58B | 557.40M | -344.50M |
| Financing Cash Flow | -2.66B | -914.90M | -1.59B | -1.01B | -1.61B | -1.77B |
Usha Martin Limited Technical Analysis
Positive
451.40
Price Trends
412.15
Positive
426.06
Positive
413.03
Positive
Market Momentum
0.62
Negative
58.77
Neutral
82.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:USHAMART, the sentiment is Positive. The current price of 451.4 is above the 20-day moving average (MA) of 407.75, above the 50-day MA of 412.15, and above the 200-day MA of 413.03, indicating a bullish trend. The MACD of 0.62 indicates Negative momentum. The RSI at 58.77 is Neutral, neither overbought nor oversold. The STOCH value of 82.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:USHAMART.
Usha Martin Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹131.47B | 32.15 | ― | 0.65% | 6.21% | -5.42% | |
68 Neutral | ₹81.54B | 7.74 | ― | 1.82% | 0.81% | -7.11% | |
64 Neutral | ₹92.58B | 36.94 | ― | 0.30% | 16.07% | -6.83% | |
62 Neutral | ₹35.61B | -5.55 | ― | 1.18% | 19.84% | -115.35% | |
62 Neutral | ₹42.95B | 20.39 | ― | 0.28% | 6.44% | 36.54% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | ₹56.68B | 139.02 | ― | ― | -13.11% | -69.18% |
* Basic Materials Sector Average
IN:USHAMART
Usha Martin Limited
431.40
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42.13%
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Usha Martin Limited Corporate Events
Usha Martin Confirms SEBI Compliance on Demat Processes for March Quarter
Apr 6, 2026
Usha Martin Limited has filed a disclosure confirming that its registrar and share transfer agent, KFin Technologies, has complied with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2...
Usha Martin Publishes Q3 and 9M FY26 Earnings Presentation
Jan 29, 2026
Usha Martin Limited has released its earnings presentation for the third quarter and nine months ended 31 December 2025, providing an overview of its unaudited financial results for Q3 and 9M FY26. The presentation, filed with Indian stock exchang...
Usha Martin Delivers Strong Margin-Led Growth in Q3 FY26 Results
Jan 29, 2026
Usha Martin Limited reported a solid set of unaudited consolidated results for the quarter ended 31 December 2025, with revenue from operations rising 6.6% year-on-year to Rs. 917.1 crore. Profitability showed stronger momentum than topline growth...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.