Usha Martin Limited has informed the Exchange that Board of Directors at its meeting held on April 30, 2026, recommended Final Dividend of Rs. 3.75 per equity share.
USHAMART · price
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On the reaction day the stock moved 2.9 pts less than Nifty Smallcap 250 and 2.7 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Usha Martin Limited reported consolidated revenue of Rs. 3,69,106 lakhs for FY26, up 6.2% from Rs. 3,47,416 lakhs in FY25. Profit before tax grew 21.4% to Rs. 63,957 lakhs (FY25: Rs. 52,685 lakhs), while net profit after tax increased 12.9% to Rs. 46,003 lakhs. Earnings per share improved to Rs. 15.30 from Rs. 13.37. The Board recommended a final dividend of Rs. 3.75 per equity share (375% on face value Re. 1/-), subject to shareholder approval at AGM. The auditors issued an unmodified opinion but included an Emphasis of Matter regarding ongoing ED and CBI proceedings related to iron ore mining lease issues involving Rs. 19,037 lakhs. Exceptional items of Rs. 1,335 lakhs were recorded due to new labour codes implementation.
The company delivered solid profit growth of around 21% YoY, and the dividend recommendation signals confidence. However, the ongoing legal proceedings flagged by auditors represent a contingent liability that investors should monitor.