What the business is, and whether it's a good one at a fair price.
Manufactures steel wire ropes and specialised wires, selling to industrial users in cranes, elevators, ports, mining, oil & offshore and wind energy applications. The Wire & Wire Ropes segment accounted for Rs 3,613.07 cr of segment revenue in FY26 (97.9% of segment revenue) and generated Rs 650.43 cr of EBIT, while an 'Others' segment contributed Rs 77.99 cr. International markets made up 57% of the topline in Q4 FY26 commentary. Q1 FY27 consolidated revenue rose 16% year-on-year to Rs 1,033 cr, with operating EBITDA at Rs 208 cr (margin 20.1%). Recent product moves include plasticated LRPC ropes (FY27 target 3,500–4,000 tons versus 2,500 tons in FY26), Galstar wires, Oceanmax single-reel ropes and Ocean Fiber. The largest input cost is raw materials at 47.4% of FY26 revenue (wire rod and zinc flagged in Q1 FY27 commentary, where 100% input cost pass-through was achieved through pricing actions). Capex guidance for FY27 is Rs 250–300 cr, including 6,000 MTPA of additional elevator rope capacity phased from October 2026 to Q1 FY28, and the company ended Q1 FY27 in a net cash position of Rs 465 cr.
Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from USHA MARTIN LTD.'s filed financials and exchange disclosures
USHA MARTIN LTD. is a Industrial Products company listed on NSE and BSE, trading under the symbol USHAMART.
Yes. Over the trailing twelve months USHA MARTIN LTD. reported a net profit of ₹508 Cr on revenue of ₹3,837 Cr.
Yes. The dividend yield is 0.61% at the current price. It paid out 20% of its profit as dividend in FY26.
Effectively yes. It holds ₹96 Cr more cash than debt. Debt stands at 0.04× equity.
On trailing P/E, USHA MARTIN LTD. ranks 85 of 118 in Iron & Steel Products — cheaper than 28% of them, against an industry median of 16.2×. This is a position, not a valuation judgement.
On a typical session USHA MARTIN LTD. moves 1.36% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by USHA MARTIN LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
