Share Price and Basic Stock Data
Last Updated: December 9, 2025, 9:55 pm
| PEG Ratio | 4.64 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Usha Martin Ltd operates within the specialized steel industry, primarily focusing on alloy and specialty steel products. As of the latest reporting period, the company recorded a revenue of ₹3,535 Cr, reflecting a steady recovery post-pandemic, with a notable increase from ₹3,268 Cr in FY 2023. Quarterly sales have shown a generally positive trend, peaking at ₹855 Cr in March 2023 before stabilizing around the ₹800 Cr mark in subsequent quarters. However, the latest figures suggest slight fluctuations, with revenues dipping to ₹785 Cr in September 2023 before rebounding to ₹829 Cr in March 2024. This pattern indicates a resilient demand for its products, although the company may need to navigate potential headwinds such as fluctuating raw material costs and economic uncertainties that could impact future sales volumes.
Profitability and Efficiency Metrics
Usha Martin’s profitability metrics depict a robust operational framework, with an Operating Profit Margin (OPM) reported at 17% for FY 2025, slightly down from 19% in FY 2024. The company’s net profit reached ₹406 Cr, yielding an impressive Return on Equity (ROE) of 14.80%, which is quite healthy compared to industry norms. The Interest Coverage Ratio (ICR) stood at a strong 21.54x, reflecting the company’s ability to meet its interest obligations comfortably. However, the Cash Conversion Cycle (CCC) has lengthened to 205 days, which may raise concerns about working capital management. While the current operating efficiency appears strong, the rise in CCC suggests that Usha Martin should strive for improved inventory turnover and receivables management to enhance liquidity and operational efficiency.
Balance Sheet Strength and Financial Ratios
The balance sheet of Usha Martin reveals a solid financial footing, with total borrowings down to ₹264 Cr, significantly lower than previous years, indicating a prudent approach to debt management. The company also reported reserves of ₹2,934 Cr, which enhances its financial flexibility. The Price-to-Book Value (P/BV) ratio stood at 3.73x, reflecting investor confidence but also suggesting that the stock may be trading at a premium relative to its book value. The current ratio of 2.85x indicates that Usha Martin is well-positioned to cover its short-term liabilities, which is a reassuring sign for investors. However, the company’s return metrics, including Return on Capital Employed (ROCE) of 19%, while respectable, could be seen as lower than some competitors in the alloy steel sector, pointing to potential areas for improvement in capital efficiency.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Usha Martin showcases a diverse mix of ownership that can be seen as a positive indicator of investor confidence. Promoter holdings have gradually decreased to 41.75%, while Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) have increased their stakes to 14.14% and 12.29%, respectively. This shift suggests an increasing interest from institutional investors, which often reflects confidence in the company’s prospects. The public holds a significant 31.74%, indicating a broad base of retail investor participation. However, the declining promoter stake could raise questions about long-term commitment, and the company must ensure that it maintains transparency and effective communication with all stakeholders to bolster investor trust and engagement.
Outlook, Risks, and Final Insight
Looking ahead, Usha Martin faces a mixed bag of opportunities and risks. On one hand, the recovery in demand for specialty steel products and a strong operational framework position the company favorably in a growing market. However, macroeconomic factors such as global steel prices, raw material volatility, and potential regulatory changes could pose significant risks. Moreover, the increasing Cash Conversion Cycle may impact liquidity if not managed effectively. Investors should closely monitor these dynamics, considering both the company’s strong profitability metrics and the cautionary signs in its operational efficiency. Ultimately, while Usha Martin seems poised for growth, a prudent approach to investment is warranted, especially in light of the inherent risks in the steel industry.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Usha Martin Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Elango Industries Ltd | 4.31 Cr. | 11.3 | 16.1/8.45 | 9.72 | 0.00 % | 5.67 % | 5.67 % | 10.0 | |
| Ashnisha Industries Ltd | 85.6 Cr. | 3.23 | 4.94/2.57 | 295 | 2.30 | 0.00 % | 1.23 % | 0.28 % | 1.00 |
| Usha Martin Ltd | 13,253 Cr. | 435 | 498/279 | 31.4 | 97.3 | 0.69 % | 18.8 % | 15.8 % | 1.00 |
| Shah Alloys Ltd | 134 Cr. | 67.9 | 83.8/43.3 | 5.18 | 0.00 % | 25.8 % | 1,108 % | 10.0 | |
| Mukand Ltd | 1,898 Cr. | 131 | 162/84.4 | 29.3 | 66.3 | 1.52 % | 9.91 % | 7.84 % | 10.0 |
| Industry Average | 19,786.25 Cr | 237.07 | 94.70 | 66.63 | 0.43% | 13.27% | 192.30% | 5.67 |
Quarterly Result
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 759 | 820 | 834 | 855 | 814 | 785 | 797 | 829 | 826 | 891 | 861 | 896 | 887 |
| Expenses | 641 | 705 | 707 | 701 | 669 | 640 | 640 | 678 | 672 | 730 | 718 | 757 | 743 |
| Operating Profit | 117 | 115 | 127 | 154 | 146 | 144 | 157 | 152 | 154 | 161 | 143 | 140 | 145 |
| OPM % | 15% | 14% | 15% | 18% | 18% | 18% | 20% | 18% | 19% | 18% | 17% | 16% | 16% |
| Other Income | 10 | 9 | 7 | 13 | 7 | 25 | 8 | 14 | 9 | 11 | 9 | 28 | 20 |
| Interest | 7 | 8 | 8 | 8 | 6 | 6 | 6 | 7 | 7 | 8 | 9 | 7 | 6 |
| Depreciation | 17 | 17 | 17 | 17 | 18 | 18 | 19 | 23 | 22 | 23 | 26 | 28 | 29 |
| Profit before tax | 103 | 100 | 110 | 142 | 129 | 144 | 140 | 136 | 135 | 141 | 118 | 133 | 130 |
| Tax % | 20% | 21% | 23% | 26% | 22% | 24% | 23% | 22% | 23% | 23% | 22% | 24% | 22% |
| Net Profit | 82 | 79 | 84 | 105 | 101 | 110 | 108 | 106 | 104 | 109 | 92 | 101 | 101 |
| EPS in Rs | 2.69 | 2.59 | 2.75 | 3.45 | 3.31 | 3.59 | 3.53 | 3.49 | 3.42 | 3.60 | 3.04 | 3.31 | 3.31 |
Last Updated: August 20, 2025, 1:40 am
Below is a detailed analysis of the quarterly data for Usha Martin Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 887.00 Cr.. The value appears to be declining and may need further review. It has decreased from 896.00 Cr. (Mar 2025) to 887.00 Cr., marking a decrease of 9.00 Cr..
- For Expenses, as of Jun 2025, the value is 743.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 757.00 Cr. (Mar 2025) to 743.00 Cr., marking a decrease of 14.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 145.00 Cr.. The value appears strong and on an upward trend. It has increased from 140.00 Cr. (Mar 2025) to 145.00 Cr., marking an increase of 5.00 Cr..
- For OPM %, as of Jun 2025, the value is 16.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 16.00%.
- For Other Income, as of Jun 2025, the value is 20.00 Cr.. The value appears to be declining and may need further review. It has decreased from 28.00 Cr. (Mar 2025) to 20.00 Cr., marking a decrease of 8.00 Cr..
- For Interest, as of Jun 2025, the value is 6.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 7.00 Cr. (Mar 2025) to 6.00 Cr., marking a decrease of 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 29.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 28.00 Cr. (Mar 2025) to 29.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 130.00 Cr.. The value appears to be declining and may need further review. It has decreased from 133.00 Cr. (Mar 2025) to 130.00 Cr., marking a decrease of 3.00 Cr..
- For Tax %, as of Jun 2025, the value is 22.00%. The value appears to be improving (decreasing) as expected. It has decreased from 24.00% (Mar 2025) to 22.00%, marking a decrease of 2.00%.
- For Net Profit, as of Jun 2025, the value is 101.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 101.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 3.31. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 3.31.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:12 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,074 | 4,561 | 4,112 | 3,882 | 2,066 | 2,488 | 2,154 | 2,097 | 2,688 | 3,268 | 3,225 | 3,474 | 3,535 |
| Expenses | 3,357 | 3,845 | 3,771 | 3,493 | 2,253 | 2,512 | 1,922 | 1,818 | 2,304 | 2,754 | 2,627 | 2,877 | 2,947 |
| Operating Profit | 717 | 717 | 341 | 389 | -188 | -24 | 232 | 279 | 384 | 513 | 599 | 597 | 588 |
| OPM % | 18% | 16% | 8% | 10% | -9% | -1% | 11% | 13% | 14% | 16% | 19% | 17% | 17% |
| Other Income | 82 | -63 | 32 | 120 | 77 | 17 | 537 | 29 | 75 | 40 | 53 | 57 | 68 |
| Interest | 440 | 522 | 547 | 564 | 92 | 114 | 74 | 57 | 42 | 30 | 25 | 30 | 29 |
| Depreciation | 333 | 418 | 308 | 300 | 60 | 61 | 64 | 68 | 70 | 67 | 77 | 98 | 105 |
| Profit before tax | 27 | -287 | -481 | -355 | -264 | -181 | 630 | 183 | 346 | 455 | 550 | 527 | 522 |
| Tax % | 50% | -12% | -11% | 1% | 2% | -126% | 33% | 20% | 16% | 23% | 23% | 23% | |
| Net Profit | 13 | -251 | -428 | -358 | -268 | 49 | 421 | 152 | 291 | 351 | 424 | 406 | 403 |
| EPS in Rs | 0.35 | -8.31 | -14.10 | -11.78 | -8.90 | 1.57 | 13.74 | 4.91 | 9.56 | 11.49 | 13.91 | 13.37 | 13.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 21% | 22% | 20% | 22% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -2030.77% | -70.52% | 16.36% | 25.14% | 118.28% | 759.18% | -63.90% | 91.45% | 20.62% | 20.80% | -4.25% |
| Change in YoY Net Profit Growth (%) | 0.00% | 1960.25% | 86.87% | 8.78% | 93.14% | 640.90% | -823.08% | 155.34% | -70.83% | 0.18% | -25.04% |
Usha Martin Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 10% |
| 3 Years: | 9% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 0% |
| 3 Years: | 15% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 69% |
| 3 Years: | 38% |
| 1 Year: | 12% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 16% |
Last Updated: September 5, 2025, 1:50 pm
Balance Sheet
Last Updated: December 4, 2025, 2:10 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 1,972 | 1,728 | 1,323 | 914 | 697 | 751 | 1,197 | 1,373 | 1,663 | 2,000 | 2,349 | 2,721 | 2,934 |
| Borrowings | 3,732 | 3,993 | 4,472 | 4,364 | 4,073 | 3,565 | 620 | 530 | 411 | 417 | 364 | 417 | 264 |
| Other Liabilities | 2,914 | 2,556 | 2,111 | 2,423 | 2,646 | 2,645 | 696 | 649 | 625 | 627 | 570 | 563 | 624 |
| Total Liabilities | 8,649 | 8,307 | 7,936 | 7,731 | 7,445 | 6,992 | 2,544 | 2,582 | 2,730 | 3,075 | 3,313 | 3,731 | 3,854 |
| Fixed Assets | 5,500 | 5,477 | 5,302 | 5,031 | 4,862 | 935 | 956 | 932 | 913 | 952 | 1,153 | 1,406 | 1,461 |
| CWIP | 373 | 132 | 147 | 121 | 113 | 13 | 33 | 45 | 38 | 139 | 166 | 118 | 177 |
| Investments | 0 | 0 | 46 | 37 | 39 | 42 | 44 | 48 | 56 | 66 | 56 | 68 | 70 |
| Other Assets | 2,775 | 2,698 | 2,441 | 2,542 | 2,432 | 6,001 | 1,511 | 1,557 | 1,722 | 1,917 | 1,938 | 2,140 | 2,146 |
| Total Assets | 8,649 | 8,307 | 7,936 | 7,731 | 7,445 | 6,992 | 2,544 | 2,582 | 2,730 | 3,075 | 3,313 | 3,731 | 3,854 |
Below is a detailed analysis of the balance sheet data for Usha Martin Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 31.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 31.00 Cr..
- For Reserves, as of Sep 2025, the value is 2,934.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,721.00 Cr. (Mar 2025) to 2,934.00 Cr., marking an increase of 213.00 Cr..
- For Borrowings, as of Sep 2025, the value is 264.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 417.00 Cr. (Mar 2025) to 264.00 Cr., marking a decrease of 153.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 624.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 563.00 Cr. (Mar 2025) to 624.00 Cr., marking an increase of 61.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 3,854.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,731.00 Cr. (Mar 2025) to 3,854.00 Cr., marking an increase of 123.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 1,461.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,406.00 Cr. (Mar 2025) to 1,461.00 Cr., marking an increase of 55.00 Cr..
- For CWIP, as of Sep 2025, the value is 177.00 Cr.. The value appears strong and on an upward trend. It has increased from 118.00 Cr. (Mar 2025) to 177.00 Cr., marking an increase of 59.00 Cr..
- For Investments, as of Sep 2025, the value is 70.00 Cr.. The value appears strong and on an upward trend. It has increased from 68.00 Cr. (Mar 2025) to 70.00 Cr., marking an increase of 2.00 Cr..
- For Other Assets, as of Sep 2025, the value is 2,146.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,140.00 Cr. (Mar 2025) to 2,146.00 Cr., marking an increase of 6.00 Cr..
- For Total Assets, as of Sep 2025, the value is 3,854.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,731.00 Cr. (Mar 2025) to 3,854.00 Cr., marking an increase of 123.00 Cr..
Notably, the Reserves (2,934.00 Cr.) exceed the Borrowings (264.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 714.00 | 714.00 | 337.00 | 385.00 | -192.00 | -27.00 | -388.00 | -251.00 | -27.00 | 96.00 | 235.00 | 180.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 39 | 55 | 64 | 119 | 48 | 51 | 57 | 56 | 56 | 61 | 55 |
| Inventory Days | 400 | 378 | 241 | 261 | 350 | 156 | 183 | 209 | 196 | 180 | 199 | 205 |
| Days Payable | 429 | 397 | 288 | 362 | 561 | 78 | 108 | 113 | 72 | 60 | 56 | 56 |
| Cash Conversion Cycle | 18 | 20 | 7 | -37 | -92 | 126 | 126 | 153 | 180 | 175 | 204 | 205 |
| Working Capital Days | -104 | -79 | -96 | -138 | -288 | -106 | 56 | 78 | 98 | 98 | 114 | 107 |
| ROCE % | 9% | 6% | 1% | 3% | -4% | -1% | 22% | 13% | 18% | 21% | 22% | 19% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Tata Small Cap Fund | 10,966,342 | 4.32 | 509.77 | N/A | N/A | N/A |
| Quant Small Cap Fund | 10,716,104 | 1.63 | 498.14 | 6,919,321 | 2025-11-02 19:42:14 | 54.87% |
| ICICI Prudential Commodities Fund | 3,138,006 | 4.57 | 145.87 | N/A | N/A | N/A |
| Mahindra Manulife Small Cap Fund | 1,806,123 | 1.95 | 83.96 | N/A | N/A | N/A |
| ICICI Prudential Manufacturing Fund | 1,781,054 | 1.23 | 82.79 | N/A | N/A | N/A |
| ICICI Prudential Retirement Fund - Pure Equity | 857,275 | 2.63 | 39.85 | N/A | N/A | N/A |
| Quant Multi Cap Fund | 698,546 | 0.35 | 32.47 | N/A | N/A | N/A |
| ICICI Prudential Retirement Fund - Hybrid Aggressive | 483,686 | 2.25 | 22.48 | N/A | N/A | N/A |
| ICICI Prudential Multicap Fund | 183,562 | 0.05 | 8.53 | N/A | N/A | N/A |
| Navi Flexi Cap Fund | 176,000 | 3.11 | 8.18 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Basic EPS (Rs.) | 13.37 | 13.92 | 11.51 | 9.56 | 4.91 |
| Diluted EPS (Rs.) | 13.37 | 13.92 | 11.51 | 9.56 | 4.91 |
| Cash EPS (Rs.) | 15.94 | 16.00 | 13.31 | 11.55 | 7.03 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 90.17 | 78.06 | 66.64 | 55.58 | 46.07 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 90.17 | 78.06 | 66.64 | 55.58 | 46.07 |
| Revenue From Operations / Share (Rs.) | 113.83 | 105.61 | 107.00 | 88.02 | 68.67 |
| PBDIT / Share (Rs.) | 20.85 | 20.92 | 17.73 | 13.72 | 10.23 |
| PBIT / Share (Rs.) | 17.65 | 18.40 | 15.52 | 11.43 | 8.01 |
| PBT / Share (Rs.) | 16.68 | 17.59 | 14.53 | 11.06 | 6.15 |
| Net Profit / Share (Rs.) | 12.73 | 13.48 | 11.10 | 9.27 | 4.81 |
| NP After MI And SOA / Share (Rs.) | 13.35 | 13.88 | 11.46 | 9.54 | 4.90 |
| PBDIT Margin (%) | 18.31 | 19.80 | 16.56 | 15.58 | 14.90 |
| PBIT Margin (%) | 15.50 | 17.42 | 14.50 | 12.98 | 11.66 |
| PBT Margin (%) | 14.65 | 16.65 | 13.57 | 12.56 | 8.95 |
| Net Profit Margin (%) | 11.18 | 12.76 | 10.36 | 10.52 | 7.00 |
| NP After MI And SOA Margin (%) | 11.72 | 13.14 | 10.71 | 10.83 | 7.13 |
| Return on Networth / Equity (%) | 14.80 | 17.81 | 17.24 | 17.19 | 10.65 |
| Return on Capital Employeed (%) | 17.64 | 20.69 | 19.93 | 17.13 | 13.63 |
| Return On Assets (%) | 10.86 | 12.73 | 11.34 | 10.61 | 5.74 |
| Long Term Debt / Equity (X) | 0.05 | 0.08 | 0.09 | 0.11 | 0.16 |
| Total Debt / Equity (X) | 0.12 | 0.12 | 0.17 | 0.21 | 0.30 |
| Asset Turnover Ratio (%) | 0.98 | 1.01 | 0.93 | 0.87 | 0.66 |
| Current Ratio (X) | 2.85 | 2.90 | 2.47 | 2.25 | 1.72 |
| Quick Ratio (X) | 1.44 | 1.46 | 1.21 | 1.12 | 0.89 |
| Inventory Turnover Ratio (X) | 3.71 | 1.83 | 2.10 | 2.21 | 1.76 |
| Dividend Payout Ratio (NP) (%) | 20.56 | 17.97 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 16.58 | 15.20 | 0.00 | 0.00 | 0.00 |
| Earning Retention Ratio (%) | 79.44 | 82.03 | 0.00 | 0.00 | 0.00 |
| Cash Earning Retention Ratio (%) | 83.42 | 84.80 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio (X) | 21.54 | 25.78 | 17.89 | 9.87 | 5.49 |
| Interest Coverage Ratio (Post Tax) (X) | 14.15 | 17.61 | 12.19 | 6.93 | 3.66 |
| Enterprise Value (Cr.) | 10337.20 | 9856.70 | 6737.01 | 4313.04 | 1318.53 |
| EV / Net Operating Revenue (X) | 2.98 | 3.06 | 2.06 | 1.60 | 0.62 |
| EV / EBITDA (X) | 16.24 | 15.43 | 12.44 | 10.30 | 4.22 |
| MarketCap / Net Operating Revenue (X) | 2.96 | 3.01 | 2.00 | 1.53 | 0.48 |
| Retention Ratios (%) | 79.43 | 82.02 | 0.00 | 0.00 | 0.00 |
| Price / BV (X) | 3.73 | 4.09 | 3.22 | 2.43 | 0.72 |
| Price / Net Operating Revenue (X) | 2.96 | 3.01 | 2.00 | 1.53 | 0.48 |
| EarningsYield | 0.03 | 0.04 | 0.05 | 0.07 | 0.14 |
After reviewing the key financial ratios for Usha Martin Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 13.37. This value is within the healthy range. It has decreased from 13.92 (Mar 24) to 13.37, marking a decrease of 0.55.
- For Diluted EPS (Rs.), as of Mar 25, the value is 13.37. This value is within the healthy range. It has decreased from 13.92 (Mar 24) to 13.37, marking a decrease of 0.55.
- For Cash EPS (Rs.), as of Mar 25, the value is 15.94. This value is within the healthy range. It has decreased from 16.00 (Mar 24) to 15.94, marking a decrease of 0.06.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 90.17. It has increased from 78.06 (Mar 24) to 90.17, marking an increase of 12.11.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 90.17. It has increased from 78.06 (Mar 24) to 90.17, marking an increase of 12.11.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 113.83. It has increased from 105.61 (Mar 24) to 113.83, marking an increase of 8.22.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 20.85. This value is within the healthy range. It has decreased from 20.92 (Mar 24) to 20.85, marking a decrease of 0.07.
- For PBIT / Share (Rs.), as of Mar 25, the value is 17.65. This value is within the healthy range. It has decreased from 18.40 (Mar 24) to 17.65, marking a decrease of 0.75.
- For PBT / Share (Rs.), as of Mar 25, the value is 16.68. This value is within the healthy range. It has decreased from 17.59 (Mar 24) to 16.68, marking a decrease of 0.91.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 12.73. This value is within the healthy range. It has decreased from 13.48 (Mar 24) to 12.73, marking a decrease of 0.75.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 13.35. This value is within the healthy range. It has decreased from 13.88 (Mar 24) to 13.35, marking a decrease of 0.53.
- For PBDIT Margin (%), as of Mar 25, the value is 18.31. This value is within the healthy range. It has decreased from 19.80 (Mar 24) to 18.31, marking a decrease of 1.49.
- For PBIT Margin (%), as of Mar 25, the value is 15.50. This value is within the healthy range. It has decreased from 17.42 (Mar 24) to 15.50, marking a decrease of 1.92.
- For PBT Margin (%), as of Mar 25, the value is 14.65. This value is within the healthy range. It has decreased from 16.65 (Mar 24) to 14.65, marking a decrease of 2.00.
- For Net Profit Margin (%), as of Mar 25, the value is 11.18. This value exceeds the healthy maximum of 10. It has decreased from 12.76 (Mar 24) to 11.18, marking a decrease of 1.58.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 11.72. This value is within the healthy range. It has decreased from 13.14 (Mar 24) to 11.72, marking a decrease of 1.42.
- For Return on Networth / Equity (%), as of Mar 25, the value is 14.80. This value is below the healthy minimum of 15. It has decreased from 17.81 (Mar 24) to 14.80, marking a decrease of 3.01.
- For Return on Capital Employeed (%), as of Mar 25, the value is 17.64. This value is within the healthy range. It has decreased from 20.69 (Mar 24) to 17.64, marking a decrease of 3.05.
- For Return On Assets (%), as of Mar 25, the value is 10.86. This value is within the healthy range. It has decreased from 12.73 (Mar 24) to 10.86, marking a decrease of 1.87.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.05. This value is below the healthy minimum of 0.2. It has decreased from 0.08 (Mar 24) to 0.05, marking a decrease of 0.03.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.12. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.12.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.98. It has decreased from 1.01 (Mar 24) to 0.98, marking a decrease of 0.03.
- For Current Ratio (X), as of Mar 25, the value is 2.85. This value is within the healthy range. It has decreased from 2.90 (Mar 24) to 2.85, marking a decrease of 0.05.
- For Quick Ratio (X), as of Mar 25, the value is 1.44. This value is within the healthy range. It has decreased from 1.46 (Mar 24) to 1.44, marking a decrease of 0.02.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 3.71. This value is below the healthy minimum of 4. It has increased from 1.83 (Mar 24) to 3.71, marking an increase of 1.88.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 20.56. This value is within the healthy range. It has increased from 17.97 (Mar 24) to 20.56, marking an increase of 2.59.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 16.58. This value is below the healthy minimum of 20. It has increased from 15.20 (Mar 24) to 16.58, marking an increase of 1.38.
- For Earning Retention Ratio (%), as of Mar 25, the value is 79.44. This value exceeds the healthy maximum of 70. It has decreased from 82.03 (Mar 24) to 79.44, marking a decrease of 2.59.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 83.42. This value exceeds the healthy maximum of 70. It has decreased from 84.80 (Mar 24) to 83.42, marking a decrease of 1.38.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 21.54. This value is within the healthy range. It has decreased from 25.78 (Mar 24) to 21.54, marking a decrease of 4.24.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 14.15. This value is within the healthy range. It has decreased from 17.61 (Mar 24) to 14.15, marking a decrease of 3.46.
- For Enterprise Value (Cr.), as of Mar 25, the value is 10,337.20. It has increased from 9,856.70 (Mar 24) to 10,337.20, marking an increase of 480.50.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.98. This value is within the healthy range. It has decreased from 3.06 (Mar 24) to 2.98, marking a decrease of 0.08.
- For EV / EBITDA (X), as of Mar 25, the value is 16.24. This value exceeds the healthy maximum of 15. It has increased from 15.43 (Mar 24) to 16.24, marking an increase of 0.81.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.96. This value is within the healthy range. It has decreased from 3.01 (Mar 24) to 2.96, marking a decrease of 0.05.
- For Retention Ratios (%), as of Mar 25, the value is 79.43. This value exceeds the healthy maximum of 70. It has decreased from 82.02 (Mar 24) to 79.43, marking a decrease of 2.59.
- For Price / BV (X), as of Mar 25, the value is 3.73. This value exceeds the healthy maximum of 3. It has decreased from 4.09 (Mar 24) to 3.73, marking a decrease of 0.36.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.96. This value is within the healthy range. It has decreased from 3.01 (Mar 24) to 2.96, marking a decrease of 0.05.
- For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.04 (Mar 24) to 0.03, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Usha Martin Ltd:
- Net Profit Margin: 11.18%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 17.64% (Industry Average ROCE: 13.27%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 14.8% (Industry Average ROE: 192.3%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 14.15
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.44
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 31.4 (Industry average Stock P/E: 94.7)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.12
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 11.18%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Steel - Alloys/Special | 2A, Shakespeare Sarani, Kolkata West Bengal 700071 | investor@ushamartin.co.in http://www.ushamartin.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Vijay Singh Bapna | Chairman & Ind.Director |
| Mr. Rajeev Jhawar | Managing Director |
| Mr. S B N Sharma | Whole Time Director |
| Mr. Chirantan Chatterjee | Whole Time Director |
| Mr. V Ramakrishna Iyer | Independent Director |
| Mr. Sethurathnam Ravi | Independent Director |
| Mrs. Ramni Nirula | Independent Director |
FAQ
What is the intrinsic value of Usha Martin Ltd?
Usha Martin Ltd's intrinsic value (as of 09 December 2025) is 388.84 which is 10.61% lower the current market price of 435.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 13,253 Cr. market cap, FY2025-2026 high/low of 498/279, reserves of ₹2,934 Cr, and liabilities of 3,854 Cr.
What is the Market Cap of Usha Martin Ltd?
The Market Cap of Usha Martin Ltd is 13,253 Cr..
What is the current Stock Price of Usha Martin Ltd as on 09 December 2025?
The current stock price of Usha Martin Ltd as on 09 December 2025 is 435.
What is the High / Low of Usha Martin Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Usha Martin Ltd stocks is 498/279.
What is the Stock P/E of Usha Martin Ltd?
The Stock P/E of Usha Martin Ltd is 31.4.
What is the Book Value of Usha Martin Ltd?
The Book Value of Usha Martin Ltd is 97.3.
What is the Dividend Yield of Usha Martin Ltd?
The Dividend Yield of Usha Martin Ltd is 0.69 %.
What is the ROCE of Usha Martin Ltd?
The ROCE of Usha Martin Ltd is 18.8 %.
What is the ROE of Usha Martin Ltd?
The ROE of Usha Martin Ltd is 15.8 %.
What is the Face Value of Usha Martin Ltd?
The Face Value of Usha Martin Ltd is 1.00.