Usha Martin Limited (USHAMART.NS)
Kolkata, IN
Usha Martin Limited, an Indian enterprise founded in 1960 and headquartered in Kolkata, operates globally as a producer and supplier of a diverse range of steel wire products. The company's core business involves manufacturing and distributing steel wires, strands, and an extensive array of wire ropes along with their associated accessories, serving both domestic Indian markets and international clients. Their wire rope offerings are comprehensive, encompassing specialized types for the oil and offshore sectors, cranes, mining operations, elevators, fishing, aerial installations, anchor mooring, and general engineering. They also provide locked coil ropes, ropes for conveyor cords, and solutions for structural systems. Beyond finished wire products, Usha Martin designs and fabricates a wide spectrum of industrial machinery. This includes equipment for wire drawing, stranding, and closing wire ropes, as well as steel plant machinery, cable manufacturing equipment, and material handling systems. They also provide specialized machines for bright bar production, armoring and rewinding processes, and copper coating lines specifically for CO2 welding wire. Furthermore, the company delivers comprehensive pre-tensioning and post-tensioning solutions. This encompasses not only the core pre-stressing methods but also a suite of associated hardware such as anchorage accessories, hydraulic jacks, powerpacks, grout pumps, agitators, and dedicated pre-stressing machines, alongside professional installation services. Their specialized wire products include spring, welding, cold heading quality, auto spoke, brush, needle, and cycle spoke varieties. They also offer Low Relaxation Pre-stressed Concrete (LRPC) strands, available in bright, galvanized, compacted, indented, and both bonded and un-bonded polymer-coated galvanized finishes. In an additional offering, Usha Martin provides a diverse portfolio of cables, including optical fiber, aerial, micro duct, hybrid, FTTH/drop, aerial copper, duct copper, and jelly-filled copper variants.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.22% | -1.20% | +4.85% | +9.09% | -1.14% | +1.82% | +48.90% | +99.55% | +810.84% | +3,213.62% | +9,510.19% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Steel: +1.2%+6.2% ★ Q1'26: +9.3% (vs Q1'25)
-
EPS growth Steel: +17.4%+14.4% Q1'26: +45.8% (vs Q1'25)
-
FCF margin FCF growth · Steel: +44.2%+10.6% Q1'26: +23.4% (vs Q1'25)
-
EBIT margin Steel: +5.8%+16.0% ★ Q1'26: +18.4% (vs Q1'25)
-
ROIC Steel: +4.3%+14.8% ★ Q1'26: +17.9% (vs Q1'25)
-
Share dilution Steel: +0.0%+0.0% Q1'26: +0.4% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Steel: 0.57×0.32× ★ Q1'26: 0.27× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2009 actual |
Mar 2010 actual |
Mar 2011 actual |
Mar 2012 actual |
Mar 2013 actual |
Mar 2014 actual |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 2 Rev. Ana. 2 EPS Ana. |
Mar 2027 2 Rev. Ana. 2 EPS Ana. |
Mar 2028 2 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
29.50B
est: 28.70B (+2.8%)
|
25.14B
est: 25.82B (-2.6%)
|
30.47B
est: 31.66B (-3.8%)
|
33.61B
est: 33.56B (+0.1%)
|
36.22B
est: 36.82B (-1.6%)
|
45.61B
est: 38.28B (+19.2%)
|
45.61B
est: 45.90B (-0.6%)
|
41.12B
est: 43.96B (-6.5%)
|
38.82B
est: 46.98B (-17.4%)
|
20.84B
est: 49.42B (-57.8%)
|
24.88B
est: 45.90B (-45.8%)
|
21.54B
est: 43.96B (-51.0%)
|
20.97B
est: 46.98B (-55.4%)
|
26.88B
est: 49.42B (-45.6%)
|
32.68B
est: 32.01B (+2.1%)
|
32.25B
est: 32.21B (+0.1%)
|
34.74B
est: 34.91B (-0.5%)
|
36.85B
36.80B – 36.90B
+5.6% YoY
|
42.23B
40.81B – 43.66B
+14.6% YoY
|
46.33B
45.55B – 47.11B
+9.7% YoY
|
| EBITDA |
6.43B
est: 2.68B (+140.3%)
|
4.66B
est: 1.37B (+239.1%)
|
5.90B
est: 3.54B (+66.8%)
|
4.98B
est: 2.52B (+97.4%)
|
6.48B
est: -883.18M (+833.1%)
|
7.52B
est: 250.53M (+2,902.2%)
|
7.52B
est: -950.50M (+891.3%)
|
3.96B
est: 7.03B (-43.7%)
|
3.99B
est: -7.99B (+149.9%)
|
2.37B
est: 7.90B (-70.0%)
|
3.24B
est: 7.33B (-55.8%)
|
2.31B
est: 7.03B (-67.2%)
|
2.89B
est: 7.51B (-61.5%)
|
3.95B
est: 7.90B (-50.0%)
|
5.20B
est: 5.11B (+1.7%)
|
5.96B
est: 7.06B (-15.6%)
|
5.91B
est: 8.31B (-28.8%)
|
8.77B
8.76B – 8.78B
+5.6% YoY
|
10.05B
9.71B – 10.39B
+14.6% YoY
|
11.02B
10.84B – 11.21B
+9.7% YoY
|
| EBIT |
5.34B
est: 3.75B (+42.3%)
|
3.36B
est: 4.47B (-24.8%)
|
3.89B
est: 3.70B (+5.1%)
|
2.71B
est: 3.67B (-26.3%)
|
3.84B
est: 2.88B (+33.4%)
|
3.34B
est: 3.93B (-15.1%)
|
3.34B
est: 5.22B (-36.1%)
|
887.20M
est: 6.01B (-85.2%)
|
1.02B
est: 940.41M (+8.4%)
|
1.80B
est: 6.75B (-73.3%)
|
2.67B
est: 6.27B (-57.5%)
|
1.75B
est: 6.01B (-70.9%)
|
2.29B
est: 6.42B (-64.2%)
|
3.34B
est: 6.75B (-50.6%)
|
4.59B
est: 4.37B (+5.0%)
|
5.27B
est: 6.40B (-17.6%)
|
5.05B
est: 6.83B (-26.1%)
|
7.21B
7.21B – 7.22B
+5.6% YoY
|
8.27B
7.99B – 8.55B
+14.6% YoY
|
9.07B
8.92B – 9.22B
+9.7% YoY
|
| Net Income |
1.88B
est: 2.00B (-6.0%)
|
1.72B
est: 1.67B (+2.9%)
|
1.40B
est: 2.09B (-32.9%)
|
66.20M
est: 1.45B (-95.4%)
|
788.40M
est: 39.50M (+1,896.1%)
|
-2.53B
est: 819.16M (-409.0%)
|
-2.53B
est: 130.22M (-2,043.8%)
|
-4.30B
est: -3.14B (-36.9%)
|
-3.59B
est: -4.67B (+23.2%)
|
-2.71B
est: -3.90B (+30.5%)
|
479.80M
est: -639.88M (+175.0%)
|
4.19B
est: -3.14B (+233.5%)
|
1.50B
est: -2.86B (+152.2%)
|
2.91B
est: -1.98B (+247.1%)
|
3.50B
est: 3.59B (-2.4%)
|
4.24B
est: 4.24B (+0.1%)
|
4.07B
est: 4.21B (-3.1%)
|
5.21B
5.11B – 5.31B
+23.9% YoY
|
6.45B
6.16B – 6.73B
+23.7% YoY
|
7.63B
7.27B – 8.00B
+18.4% YoY
|
| SGA |
4.00B
est: 6.90B (-42.0%)
|
3.99B
est: 5.40B (-26.1%)
|
5.02B
est: 7.35B (-31.7%)
|
5.27B
est: 7.63B (-30.9%)
|
4.72B
est: 8.89B (-46.9%)
|
4.08B
est: 3.09B (+32.1%)
|
4.08B
est: 13.61B (-70.0%)
|
3.86B
est: 5.82B (-33.7%)
|
3.82B
est: 11.56B (-66.9%)
|
2.59B
est: 6.54B (-60.4%)
|
2.89B
est: 6.07B (-52.5%)
|
3.13B
est: 5.82B (-46.2%)
|
3.04B
est: 6.21B (-51.0%)
|
3.36B
est: 6.54B (-48.6%)
|
3.80B
est: 4.23B (-10.2%)
|
4.36B
est: 4.26B (+2.4%)
|
4.86B
est: 4.85B (+0.1%)
|
5.12B
5.11B – 5.13B
+5.6% YoY
|
5.87B
5.67B – 6.07B
+14.6% YoY
|
6.44B
6.33B – 6.54B
+9.7% YoY
|
| EPS |
7.41
est: 8.34 (-11.2%)
|
6.46
est: 5.60 (+15.3%)
|
4.50
est: 5.20 (-13.4%)
|
0.12
est: 0.88 (-86.3%)
|
2.59
est: 2.85 (-9.1%)
|
-8.31
est: 0.93 (-996.4%)
|
-8.31
est: -2.10 (-295.7%)
|
-14.10
est: -10.30 (-36.9%)
|
-11.78
est: -9.40 (-25.3%)
|
4.42
est: -6.50 (+168.0%)
|
12.82
est: -2.10 (+710.5%)
|
-2.11
est: -10.30 (+79.5%)
|
5.05
est: -9.40 (+153.7%)
|
9.56
est: -6.50 (+247.1%)
|
11.49
est: 11.77 (-2.4%)
|
13.91
est: 13.90 (+0.1%)
|
13.37
est: 13.80 (-3.1%)
|
17.10
16.77 – 17.43
+23.9% YoY
|
21.15
20.22 – 22.08
+23.7% YoY
|
25.05
23.85 – 26.25
+18.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-12 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-11 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-08 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-07 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-06 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-05 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-04 | A- | 4/5 | 5/5 | 5/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-30 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.03% | 4.21M | 0.06% |
| 2 | Vanguard FTSE Emerging Markets ETF VWO | 0.01% | 15.64M | 0.06% |
| 3 | Vanguard Total International Stock ETF VXUS | 0.00% | 16.86M | 0.05% |
| 4 | Vanguard Total World Stock ETF VT | 0.00% | 1.00M | 0.06% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Rajeev Jhawar | MD & Executive Director | 134M | male |
| Manish Agarwal | Company Secretary & Compliance Officer | 3M | male |
| Ghanshyam Das Lakhotia | Vice President of Finance, Treasury & Purchase | — | male |
| Jeffrey Schipani | President of Usha Martin Americas Inc | — | male |
| Malay Vyas | Chief Executive Officer of Usha Martin Americas Inc | — | male |
| Murari Lal Rathi | Vice President of Accounts & Commercial | — | — |
| Prabodh Kumar | Assistant Vice President & Head Manufacturing of Wire Rope Division | — | — |
| Abhijit Paul | Chief Financial Officer | — | male |
| Sabyasachi Majumder | Managing Director of Brunton Wire Ropes, FZCo. | — | male |
| Chirantan Chatterjee | President of Sales & Marketing and Whole Time Director | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for USHAMART.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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