Subscribe

Usha Martin Limited (USHAMART.NS)

INR497.15 +0.05 (+0.01%)
IN NSE Basic Materials Steel
Address 2A, Shakespeare Sarani 700071
Kolkata, IN
CEO Malay Vyas
IPO 2002-01-01
ISIN INE228A01035

Explore sections of this company profile

Also trades on Bombay Stock Exchange · USHAMART.BO (INR) National Stock Exchange of India · USHAMART.NS (INR)
Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
INR497.15 +0.05 (+0.01%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
753.5K
Beta
0.20
Float Shares
175.10M
Free Float %
57.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.22% -1.20% +4.85% +9.09% -1.14% +1.82% +48.90% +99.55% +810.84% +3,213.62% +9,510.19%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
497.15
DCF (Unlevered) 396.60 -20.2%
DCF (Levered) 735.28 +47.9%

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.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
11.30
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • 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)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* 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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.83) × ERP
WACC = 98% × Ke + 2% × Kd (8.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 396.61 Current price: 497.15
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
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
Historical Ratings (3M)
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

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.09B
OE per share TTM
10.16
Owner's Yield
2.16%
Maintenance CapEx ratio
88.40%
Maint CapEx / Avg PPE
39.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 4 ETFs in our universe
# 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

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.67M
Shares Outstanding
304.40M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
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
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

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.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits