Usha Martin Limited, Fundamental analysis

Usha Martin Limited - Technical chart

consolidated in Rs/Cr.

Industry Industry name	Steel
Variance Full Year Net Profit Variance	24
Equity Latest Equity	30.47
Face Value Latest Face Value	1
Reserves Total Reserve	3271.42
Dividend Full Year Dividend %	375
Sales Turnover Full Year Net Sales	3691.06
Net Profit Full Year Net Profit	503.84
Full Year CPS Full Year Cash Per Share	20.4
Earning Per Share Full Year Earning Per Share	16.5
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Mar 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	979.26
Previous EPS Previous earnings per share	0
Book Value Book value	108.4
Networth Full Year Return on Networth	15.84
Price/Book Value Price to Book value	4.566421
Yearly PE ratio Full Year Price to Earning per share	29.9
Yearly PC ratio Full Year Price to Cash Per Share	24.3
Bse value BSE Value in lakhs	65.25
Nse value NSE Value in lakhs	1641.78
High 52 week high	527
Low 52 week low	334
Price NSE Current market price	496
CPM Current market price	495

Market cap BSE / NSE Market Cap	15092.34
Net profit Latest Quarter Net Profit	157.56
Net profit variance Latest Quarter Net Profit variance	56
Result year Trailing latest month	Mar 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	3343.66
TTM OP Trailing Twelve 12 month Operating Profit	665.13
TTM OPM Trailing Twelve 12 month Operating Profit Margin	19.89
TTM GP Trailing Twelve 12 month Gross Profit	731.08
TTM GPM Trailing Twelve 12 month Gross Profit Margin	19.81
TTM NP Trailing Twelve 12 month Net Profit	427.59
TTM NPV Trailing Twelve 12 month Net Profit Variane	24.07
TTM EPS Trailing Twelve 12 month EPS	16.53
TTM PE Trailing Twelve 12 month PE	29.96
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	85.91
Equity Latest Equity	30.47
LTP Latest Price (BSE/NSE)	495
Gross block Latest Gross Block	2073.16
Loans Total loans	84.73
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	19.1
Year GPM Full Year Gross Profit Margin	20.9
Quarter OPM Latest quater Operation Profit Margin	21.6

Quarterly Results (consolidated, figures in Rs Cr.)

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Sales	891	861	896	887	908	917	979	1,033
YOY Sales Growth %	14%	8%	8%	7%	2%	7%	9%	16%
Gross Sales	891	861	896	887	908	917	979	1,033
+ Expenses	730	718	757	743	752	754	778	825
Material Cost %	50%	56%	52%	49%	42%	45%	42%	51%
Raw Material Cost	438	453	473	447	421	439	443	525
Change in Inventory	5	28	-3	-14	-40	-24	-31	7
Manufacturing Cost %	19%	20%	18%	19%	20%	19%	18%	18%
Employee Cost %	14%	13%	13%	13%	12%	12%	12%	12%
Other Cost %	-0%	-6%	1%	3%	9%	5%	7%	-1%
Raw Materials %	49%	53%	53%	50%	46%	48%	45%	51%
Purchase of Finished Goods %	1%	1%	1%	0%	0%	0%	0%	0%
Stock Adjustments %	-1%	-3%	0%	2%	4%	3%	3%	-1%
Other Manufacturing Expenses %	19%	20%	18%	19%	20%	19%	18%	18%
Operating Profit	161	143	140	145	155	163	201	208
OPM %	18%	17%	16%	16%	17%	18%	21%	20%
+ Other Income	11	9	28	20	28	9	31	14
Miscellaneous Income	11	9	28	20	28	9	31	14
Interest	8	9	7	6	5	5	4	4
Depreciation	23	26	28	29	28	29	31	34
Profit before tax	141	118	133	130	150	138	197	184
+ Tax %	23%	22%	24%	22%	27%	22%	25%	23%
Current Tax	31	23	23	28	30	29	31	41
Deferred Tax	1	2	10	1	10	1	18	1
+ Net Profit	109	92	101	101	110	108	148	142
Extraordinary Income / Expense	0	0	0	0	-18	-13	-11	0
Exceptional Item	0	0	0	0	0	-13	-4	0
Minority Interest (After Tax)	0	0	0	0	0	0	0	0
Net Profit After Minority Interest	110	93	101	101	110	108	148	142
EPS in Rs	3.59	3.04	3.32	3.31	3.61	3.53	4.85	4.66

Profit & Loss (consolidated, figures in Rs Cr.)

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
+ Sales	4,505	4,255	2,100	2,488	2,154	2,097	2,688	3,268	3,225	3,474
Sales Growth %		-6%	-51%	19%	-13%	-3%	28%	22%	-1%	8%
Gross Sales	3,827	3,509	2,573	2,479	2,154	2,097	2,688	3,268	3,225	3,474
Excise Duty	393	373	34	0	0	0	0	0	0	0
+ Expenses	4,160	3,862	2,101	2,517	1,922	1,818	2,313	2,754	2,627	2,877
Material Cost %	44%	43%	61%	61%	57%	56%	55%	55%	51%	50%
Raw Material Cost	1,760	1,792	1,289	1,593	1,158	1,161	1,545	1,819	1,652	1,823
Change in Inventory	201	42	-10	-81	67	10	-58	-13	-18	-73
Manufacturing Cost %	22%	21%	8%	8%	10%	9%	9%	9%	9%	9%
Employee Cost %	8%	9%	12%	11%	14%	14%	12%	11%	13%	14%
Other Cost %	19%	18%	19%	21%	9%	8%	10%	9%	9%	10%
Raw Materials %	39%	42%	61%	64%	54%	55%	57%	56%	51%	52%
Purchase of Finished Goods %	1%	2%	1%	0%	0%	0%	1%	1%	1%	1%
Stock Adjustments %	-4%	-1%	0%	3%	-3%	-0%	2%	0%	1%	2%
Power & Fuel %	12%	11%	5%	5%	6%	5%	5%	5%	5%	5%
Other Manufacturing Expenses %	10%	10%	3%	3%	4%	4%	4%	4%	4%	5%
Selling & Administration %	8%	6%	5%	5%	6%	6%	7%	6%	6%	7%
Miscellaneous Expenses %	3%	3%	21%	16%	2%	2%	2%	2%	3%	2%
Operating Profit	345	393	-1	-29	232	279	375	513	599	597
OPM %	8%	9%	-0%	-1%	11%	13%	14%	16%	19%	17%
+ Other Income	33	120	77	21	537	29	75	40	53	57
Miscellaneous Income	32	115	77	39	562	32	66	40	53	57
Exceptional Income	0	0	0	0	0	0	31	0	0	0
Interest	547	564	92	114	74	57	42	30	25	30
Depreciation	308	300	60	61	64	68	70	67	77	98
Profit before tax	-480	-355	-264	-181	630	183	338	455	550	527
+ Tax %	11%	-1%	-2%	126%	33%	20%	16%	23%	23%	23%
Current Tax	8	7	5	10	10	9	37	103	126	108
Deferred Tax	-62	-3	0	-237	200	27	18	2	-1	13
+ Net Profit	-427	-357	-268	49	421	152	283	351	424	406
Profit Growth %		-16%	-25%	-117%	805%	-65%	93%	24%	21%	-4%
Extraordinary Income / Expense	0	0	0	0	0	0	31	0	0	0
Profit / Loss of Associates	-2	2	1	3	0	5	0	0	0	0
Minority Interest (After Tax)	-1	-1	-3	-1	-2	-2	0	0	0	1
Net Profit After Minority Interest	-430	-359	-271	48	419	150	291	350	424	407
EPS in Rs	0.00	0.00	0.00	1.52	13.77	4.81	9.54	11.48	13.89	13.31

Balance Sheet (consolidated, figures in Rs Cr.)

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	31	31	31	31	31	31	31	31	31	31
Reserves	1,323	914	697	751	1,197	1,373	1,663	2,000	2,349	2,721
+ Borrowings	4,472	4,364	4,073	3,565	620	530	411	417	364	417
Secured Borrowings	4,313	4,151	3,832	3,496	568	461	355	347	292	332
Unsecured Borrowings	159	212	241	69	52	69	56	70	72	85
+ Other Liabilities	2,111	2,423	2,646	2,645	696	649	625	627	570	563
Current Liabilities	2,648	3,043	3,306	1,422	636	620	588	613	582	564
Provisions	11	21	21	11	13	12	39	55	62	58
Minority Interest	34	34	34	32	38	4	4	4	4	0
Equity Share Warrants	29	0	0	0	0	0	0	0	0	0
Other liability items	108	103	105	2,012	81	88	87	64	45	46
Total Liabilities	7,936	7,731	7,445	6,992	2,544	2,582	2,730	3,075	3,313	3,731
+ Fixed Assets	5,302	5,031	4,862	935	956	932	913	952	1,153	1,406
Gross Block	5,611	5,633	5,770	1,188	1,269	1,312	1,352	1,456	1,717	2,073
Accumulated Depreciation	308	602	907	253	313	381	439	503	563	667
CWIP	147	121	113	13	33	45	38	139	166	118
Investments	46	37	39	42	44	48	56	66	56	68
+ Other Assets	2,441	2,542	2,432	6,001	1,511	1,557	1,722	1,917	1,938	2,140
Inventories	1,294	1,309	1,226	647	615	672	797	890	890	985
Trade receivables	615	683	671	325	298	328	414	500	539	528
Cash Equivalents	55	51	62	73	112	119	165	162	168	275
Loans n Advances	1,013	1,092	1,092	1,218	364	330	267	251	254	244
Other asset items	-537	-592	-619	3,738	121	109	79	115	88	108
Total Assets	7,936	7,731	7,445	6,992	2,544	2,582	2,730	3,075	3,313	3,731

Cash Flow (consolidated, figures in Rs Cr.)

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
+ Cash from Operating Activity	856	686	914	974	212	214	159	252	444	422
Profit from Operations	401	451	601	707	250	285	407	553	638	624
Working Capital Changes	462	236	321	282	-11	-68	-262	-208	-78	-84
Profit Before Tax & Extraordinary Items	-481	-355	-264	-181	630	183	346	455	550	527
Depreciation	308	300	305	299	69	68	70	67	77	98
Interest (Net)	544	557	580	597	88	53	38	28	20	24
Profit / Loss on Sale of Assets	1	-32	-32	1	-16	-1	-1	-1	0	-2
Profit / Loss on Sale of Investments	0	-5	0	0	0	0	-31	0	0	0
Provisions & Write-offs (Net)	-7	-6	6	-28	23	-27	-5	-4	-4	-20
Profit / Loss in Forex	22	-32	18	8	11	11	-1	18	8	15
Receivables	37	-75	-7	99	17	-46	-90	-89	-37	11
Inventories	370	-15	83	276	6	-56	-126	-93	2	-95
Trade Payables	14	317	123	-79	19	17	-60	8	-53	21
Loans & Advances	11	-7	0	1	1	0	0	-1	0	0
Direct Taxes Paid	-8	-2	-8	-15	-27	-4	13	-94	-117	-119
+ Cash from Investing Activity	-385	-29	-35	-3	2,942	-34	57	-155	-285	-219
Purchase of Fixed Assets	-387	-130	-87	-76	-41	-37	-51	-182	-278	-245
Sale of Fixed Assets	2	84	47	83	35	1	58	20	2	14
Sale of Investments	0	8	0	0	0	0	0	0	0	0
Interest Received	2	6	20	4	7	4	5	2	3	6
Dividend Received	0	0	0	0	0	0	31	4	4	6
Investment in Group Companies	0	0	0	0	0	0	0	0	-17	0
Others	-2	3	-15	-14	2,941	-1	15	2	0	-1
+ Cash from Financing Activity	-491	-663	-872	-973	-3,105	-177	-161	-101	-159	-91
Proceeds from Other Long-Term Borrowings	942	420	255	169	150	0	12	50	71	11
Proceeds from Short-Term Borrowings	0	0	146	0	0	9	0	0	0	36
Repayment of Long-Term Borrowings	-596	-436	-566	-451	-2,515	-46	-135	-62	-101	-7
Repayment of Short-Term Borrowings	-307	-188	0	-112	-618	-56	0	0	-31	0
Repayment of Financial Liabilities	0	0	0	0	0	0	0	-9	-11	-12
Dividend Paid	0	-1	-1	-3	0	0	0	-61	-76	-84
Interest Paid	-530	-560	-577	-576	-122	-56	-38	-20	-11	-30
Others	0	103	-129	0	0	-28	0	0	0	-5
Net Cash Flow	-20	-5	7	-2	50	2	55	-4	0	111