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Usha Martin Ltd

Usha Martin Ltd

USHAMART Share Price

NSE
495.700.14% (-0.70)
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Iron & Steel

With a market cap of ₹15,089 cr, stock is ranked 459

Stock is 2.57x as volatile as Nifty

USHAMART Stock Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Iron & Steel

With a market cap of ₹15,089 cr, stock is ranked 459

Stock is 2.57x as volatile as Nifty

USHAMART Performance & Key Metrics

USHAMART Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
32.385.480.76%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
23.953.151.41%

USHAMART Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 3 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

USHAMART Company Profile

Usha Martin Limited is engaged in the manufacturing of specialty steel and steel products.

Investor Presentation

View older View older 

Apr 30, 2026

PDF
View Older Presentations

USHAMART Similar Stocks (Peers)

Compare with peers Compare with peers 

USHAMART Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
13.57
13.57
1Y Return
20.02%
20.02%
Buy Reco %
65.63
65.63
PE Ratio
21.13
21.13
1Y Return
11.74%
11.74%
Buy Reco %
44.12
44.12
PE Ratio
31.31
31.31
1Y Return
3.53%
3.53%
Buy Reco %
70.97
70.97
PE Ratio
95.28
95.28
1Y Return
76.80%
76.80%
Buy Reco %
40.00
40.00
PE Ratio
19.77
19.77
1Y Return
18.57%
18.57%
Buy Reco %
33.33
33.33
Compare with Peers

USHAMART Sentiment Analysis

USHAMART Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

USHAMART Stock Summary · May 2026

Strong FY26 results underscored by margin expansion and a strengthened balance sheet set the tone for the call, with consolidated revenue of INR 3,691 crore and operating EBITDA of INR 705 crore (19.1% margin). Management struck an assertive, execution‑focused tone, highlighting debt reduction to net‑cash, robust cash conversion, and roughly INR 65–70 crore of integration savings that helped fund reinvestment into higher‑value rope applications and international expansion. They acknowledged near‑term tensions from supply‑chain disruption, elevated LPG-driven fuel costs and a weaker Middle East quarter, but described mitigation steps — a new pipeline, partial fuel switching to natural gas, inventory and pricing actions — that preserved unit profitability and drove the quarter’s best margins since the steel divestment. Strategic priorities are clear: mix improvement into oil/offshore, elevators, port cranes and mining, regional service investments notably in Europe and the U.S., and capacity additions; management plans roughly INR 300 crore of capex over two years and expects plasticated LRPC approvals in weeks, with a target of 10–12% volume growth over the next 2–3 years and healthy order visibility into H1 FY27.

USHAMART Stock Growth Drivers
USHAMART Stock Growth Drivers
7
  • Improving financial performance and profitability

    The company delivered a clear improvement in operating and net profitability during FY'26 and Q4.

  • Strong cash generation and materially strengthened balance sheet

    Cash flow and balance-sheet metrics underpin the company’s flexibility to fund growth internally. Operating cash

USHAMART Stock Challenges
USHAMART Stock Challenges
4
  • Geopolitical disruption depressing near-term demand and operations

    Ongoing conflict in the Middle East materially reduced customer activity and project progress during the

  • Sharp fuel cost inflation and operational exposure to LPG/propane volatility

    LPG and propane prices roughly doubled from about INR 60,000/ton to INR 120,000–130,000/ton, driving significant

USHAMART Forecast

USHAMART Forecasts

Price

Revenue

Earnings

USHAMART

USHAMART

Income

Balance Sheet

Cash Flow

USHAMART Income Statement

USHAMART Income Statement

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Quarterdec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue804.68843.06835.44902.27869.72923.93907.15935.12925.801,010.38
Operating & Other expensessubtract640.04677.52672.33730.40717.86756.51742.58752.36754.46778.34
Depreciation/Amortizationsubtract18.8522.5321.7422.7925.5727.7628.6927.6628.8131.24
Interest & Other Itemssubtract6.206.666.677.678.676.546.255.094.773.52
Taxes & Other Itemssubtract32.0930.0930.5931.6925.0532.1328.7040.3030.2149.48
EPS3.533.493.423.593.043.323.313.613.534.85

USHAMART Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual Report Pending

Investor Presentation

Apr 30PDF
Jan 29PDF
Nov 27PDF
+2 more
FY 2025FY 2025

Annual report

PDF

Investor Presentation

May 12PDF
Jan 29PDF
Nov 6PDF
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 5PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

May 2PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF
FY 2016FY 2016

Annual report

PDF
 

USHAMART Stock Peers

USHAMART Past Performance & Peer Comparison

USHAMART Past Performance & Peer Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Usha Martin Ltd32.385.480.76%
JSW Steel Ltd13.572.870.72%
Tata Steel Ltd21.132.202.19%
Jindal Steel Ltd31.312.220.19%

USHAMART Stock Price Comparison

Compare USHAMART with any stock or ETF
Compare USHAMART with any stock or ETF
USHAMART
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USHAMART Holdings

USHAMART Shareholdings

USHAMART Promoter Holdings Trend

USHAMART Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

USHAMART Institutional Holdings Trend

USHAMART Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

USHAMART Shareholding Pattern

USHAMART Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding39.67%11.95%3.07%14.87%30.44%

Sep 2025

Dec 2025

Mar 2026

Jun 2026

USHAMART Shareholding History

USHAMART Shareholding History

MarJunSepDec '25MarJun14.04%14.29%14.15%14.62%14.54%14.87%

Mutual Funds Invested in USHAMART

Mutual Funds Invested in USHAMART

No mutual funds holding trends are available

Top 5 Mutual Funds holding Usha Martin Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
3.8233%4.60%-0.12%34/67 (0)
3.5289%1.63%0.00%41/133 (+1)
1.0334%4.01%0.33%9/56 (+1)

Compare 3-month MF holding change on Screener

USHAMART Insider Trades & Bulk Stock Deals

USHAMART Insider Trades & Bulk Stock Deals

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smallcases containing USHAMART stock

smallcases containing USHAMART stock

Looks like this stock is not in any smallcase yet.

USHAMART Events

USHAMART Events

USHAMART Dividend Trend

Increasing Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

USHAMART has increased dividends consistently over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.76%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹7.59 every year

Dividends

Corp. Actions

Announcements

Legal Orders

USHAMART Dividend Trend

Increasing Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

USHAMART has increased dividends consistently over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.76%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹7.59 every year

USHAMART Upcoming Dividends

USHAMART Upcoming Dividends

No upcoming dividends are available

USHAMART Past Dividends

USHAMART Past Dividends

Cash Dividend

Ex DateEx DateJul 31, 2025

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Jul 31, 2025

Cash Dividend

Ex DateEx DateAug 6, 2024

Final
Final | Div/Share: ₹2.75

Dividend/Share

2.75

Ex DateEx Date

Aug 6, 2024

Cash Dividend

Ex DateEx DateAug 3, 2023

Final
Final | Div/Share: ₹2.50

Dividend/Share

2.50

Ex DateEx Date

Aug 3, 2023

Cash Dividend

Ex DateEx DateJul 20, 2022

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Jul 20, 2022

Cash Dividend

Ex DateEx DateJul 18, 2013

Final
Final | Div/Share: ₹0.15

Dividend/Share

0.15

Ex DateEx Date

Jul 18, 2013

USHAMART Stock News & Opinions

USHAMART Stock News & Opinions

Corporate
Corporate
Usha Martin to convene board meeting

Usha Martin will hold a meeting of the Board of Directors of the Company on 27 July 2026.

4 days agoCapital Market - Live
Corporate
Corporate
Usha Martin schedules AGM

Usha Martin announced that the Annual General Meeting(AGM) of the company will be held on 20 August 2026.

1 week agoCapital Market - Live
Earnings
Earnings
Usha Martin consolidated net profit rises 46.35% in the March 2026 quarter

Net profit of Usha Martin rose 46.35% to Rs 147.80 crore in the quarter ended March 2026 as against Rs 100.99 crore during the previous quarter ended March 2025. Sales rose 9.28% to Rs 979.26 crore in the quarter ended March 2026 as against Rs 896.08 crore during the previous quarter ended March 2025. For the full year,net profit rose 14.38% to Rs 465.99 crore in the year ended March 2026 as against Rs 407.39 crore during the previous year ended March 2025. Sales rose 6.24% to Rs 3691.06 crore in the year ended March 2026 as against Rs 3474.16 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales979.26896.08 9 3691.063474.16 6 OPM %21.6015.58 -19.1017.19 - PBDT239.13160.88 49 772.84624.71 24 PBT207.89133.12 56 656.44526.85 25 NP147.80100.99 46 465.99407.39 14 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Corporate
Board of Usha Martin recommends final dividend

Usha Martin announced that the Board of Directors of the Company at its meeting held on 30 April 2026, inter alia, have recommended the final dividend of Rs 3.75 per equity Share (i.e. 375%) , subject to the approval of the shareholders.

2 months agoCapital Market - Live
Corporate
Corporate
Usha Martin schedules board meeting

Usha Martin will hold a meeting of the Board of Directors of the Company on 30 April 2026.

3 months agoCapital Market - Live
Corporate
Corporate
Usha Martin receives ESG rating of 60

Usha Martin has been voluntarily assigned with an ESG rating of '60' by NSE Sustainability Ratings and Analytics, a SEBI registered ESG Rating Provider, based on the information/data of the Company pertaining to financial year 2024-25 available in the public domain. Powered by Capital Market - Live

5 months agoCapital Market - Live
Earnings
Earnings
Usha Martin consolidated net profit rises 16.18% in the December 2025 quarter

Net profit of Usha Martin rose 16.18% to Rs 107.55 crore in the quarter ended December 2025 as against Rs 92.57 crore during the previous quarter ended December 2024. Sales rose 6.57% to Rs 917.05 crore in the quarter ended December 2025 as against Rs 860.54 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales917.05860.54 7 OPM %19.1916.58 - PBDT179.92143.19 26 PBT151.11117.62 28 NP107.5592.57 16 Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Corporate
Usha Martin schedules board meeting

Usha Martin will hold a meeting of the Board of Directors of the Company on 29 January 2026.Powered by Capital Market - Live

6 months agoCapital Market - Live
Earnings
Earnings
Usha Martin consolidated net profit declines 0.01% in the September 2025 quarter

Net profit of Usha Martin declined 0.01% to Rs 109.71 crore in the quarter ended September 2025 as against Rs 109.72 crore during the previous quarter ended September 2024. Sales rose 1.84% to Rs 907.56 crore in the quarter ended September 2025 as against Rs 891.17 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales907.56891.17 2 OPM %19.0618.04 - PBDT195.47164.20 19 PBT167.81141.41 19 NP109.71109.72 0 Powered by Capital Market - Live

8 months agoCapital Market - Live
Corporate
Corporate
Usha Martin schedules board meeting

Usha Martin will hold a meeting of the Board of Directors of the Company on 8 November 2025.Powered by Capital Market - Live

8 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Usha Martin Ltd (USHAMART) today?

    The share price of USHAMART as on 24th July 2026 is ₹495.70. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Usha Martin Ltd (USHAMART) share?

    The past returns of Usha Martin Ltd (USHAMART) share are
    • Past 1 week: -0.83%
    • Past 1 month: 5.19%
    • Past 3 months: 11.64%
    • Past 6 months: 21.04%
    • Past 1 year: 31.85%
    • Past 3 years: 48.24%
    • Past 5 years: 611.70%

  3. What are the peers or stocks similar to Usha Martin Ltd (USHAMART)?

    The peers or stocks similar to Usha Martin Ltd (USHAMART) include:

  4. What is the dividend yield % of Usha Martin Ltd (USHAMART) share?

    The current dividend yield of Usha Martin Ltd (USHAMART) is 0.76.

  5. What is the market cap of Usha Martin Ltd (USHAMART) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Usha Martin Ltd (USHAMART) is ₹15089.13 Cr as of 24th July 2026.

  6. What is the 52 week high and low of Usha Martin Ltd (USHAMART) share?

    The 52-week high of Usha Martin Ltd (USHAMART) is ₹527.50 and the 52-week low is ₹333.60.

  7. What is the PE and PB ratio of Usha Martin Ltd (USHAMART) stock?

    The P/E (price-to-earnings) ratio of Usha Martin Ltd (USHAMART) is 32.38. The P/B (price-to-book) ratio is 5.48.

  8. Which sector does Usha Martin Ltd (USHAMART) belong to?

    Usha Martin Ltd (USHAMART) belongs to the Materials sector & Iron & Steel sub-sector.

  9. How to buy Usha Martin Ltd (USHAMART) shares?

    You can directly buy Usha Martin Ltd (USHAMART) shares on Tickertape. Simply sign up, connect your demat account and place your order.