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Usha Martin Limited (USHAMART) AI Stock Analysis
Usha Martin Limited
(NSE:USHAMART)
Strong financial performance drives the score with consistent growth and low leverage, supported by bullish technicals; however, high P/E and low yield indicate valuation risks in the steel sector.
Usha Martin Limited (USHAMART) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 135.73B
- Dividend Yield
- 0.84%
- Average Volume (3M)
- 45.90K
- Price to Earnings (P/E)
- 26.8
- Beta (1Y)
- 0.99
- Revenue Growth
- 8.54%
- EPS Growth
- 25.42%
- Country
- India
- Employees
- 2,206
- Sector
- General
- Sector Strength
- 55
- Industry
- Steel
Usha Martin Limited Business Overview & Revenue Model
Company Description
Usha Martin Limited, an Indian enterprise founded in 1960 and headquartered in Kolkata, operates globally as a producer and supplier of a diverse range of steel wire products. The company's core business involves manufacturing and distributing steel...
Usha Martin Limited Financial Statement Overview
Summary
Strong revenue and net income growth, fortified balance sheet with low debt, and robust cash flows, despite some margin volatility typical in the steel sector.
Income Statement
82Very PositiveBalance Sheet
92Very PositiveCash Flow
88Very Positive| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.37B | 36.91B | 34.74B | 32.25B | 32.68B | 26.88B |
| Gross Profit | 14.61B | 12.47B | 17.24B | 15.92B | 14.61B | 12.01B |
| EBITDA | 8.28B | 7.76B | 6.03B | 6.04B | 5.27B | 4.03B |
| Net Income | 5.07B | 4.66B | 4.07B | 4.24B | 3.50B | 2.91B |
Balance Sheet | ||||||
| Total Assets | 0 | 42.12B | 37.48B | 33.30B | 30.87B | 27.43B |
| Cash, Cash Equivalents and Short-Term Investments | 4.77B | 4.78B | 2.72B | 1.66B | 1.59B | 1.62B |
| Total Debt | 0 | 2.29B | 4.17B | 3.64B | 4.17B | 4.11B |
| Total Liabilities | -33.02B | 9.10B | 9.96B | 9.46B | 10.52B | 10.46B |
| Stockholders Equity | 33.02B | 33.02B | 27.52B | 23.80B | 20.31B | 16.94B |
Cash Flow | ||||||
| Free Cash Flow | 2.29B | 4.58B | 1.77B | 1.66B | 692.60M | 1.07B |
| Operating Cash Flow | 3.33B | 6.56B | 4.22B | 4.44B | 2.52B | 1.59B |
| Investing Cash Flow | -555.80M | -3.85B | -2.23B | -2.88B | -1.58B | 557.40M |
| Financing Cash Flow | -2.66B | -3.04B | -914.90M | -1.59B | -1.01B | -1.61B |
Usha Martin Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:USHAMART, the sentiment is Negative. The current price of 443.85 is below the 20-day moving average (MA) of 484.15, below the 50-day MA of 494.93, and below the 200-day MA of 463.86, indicating a bearish trend. The MACD of -12.03 indicates Positive momentum. The RSI at 33.08 is Neutral, neither overbought nor oversold. The STOCH value of 20.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:USHAMART.
Usha Martin Limited Peers Comparison
Overall Rating
- IN:USHAMART75Outperform
IN:RATNAMANI71Outperform
IN:APLAPOLLO70Outperform
IN:JINDALSAW61Neutral
IN:BHARATWIRE59Neutral
IN:BANSALWIRE53Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:USHAMART | 75Outperform | INR 135.26B | 26.78 | ― | 0.84% | 8.54% | 25.42% |
| IN:RATNAMANI | 71Outperform | INR 162.60B | 37.55 | ― | 0.43% | -16.30% | -24.14% |
| IN:APLAPOLLO | 70Outperform | INR 600.02B | 46.05 | ― | 0.39% | 15.83% | 24.85% |
| IN:JINDALSAW | 61Neutral | INR 146.03B | 26.52 | ― | 0.88% | -0.73% | -60.06% |
| IN:BHARATWIRE | 59Neutral | INR 9.76B | 14.07 | ― | ― | -7.69% | -1.46% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:BANSALWIRE | 53Neutral | INR 44.78B | 28.64 | ― | ― | 20.27% | 2.82% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:USHAMART | Usha Martin Limited | 443.85 | -30.64 | -6.46% | |
| IN:APLAPOLLO | APL Apollo Tubes Limited | 2161.00 | 370.34 | 20.68% | |
| IN:BANSALWIRE | Bansal Wire Industries Limited | 57.20 | -7.25 | -11.25% | |
| IN:BHARATWIRE | Bharat Wire Ropes Ltd. | 141.95 | -68.35 | -32.50% | |
| IN:JINDALSAW | Jindal Saw Limited | 228.35 | 55.59 | 32.18% | |
| IN:RATNAMANI | Ratnamani Metals & Tubes Ltd. | 2319.85 | -150.56 | -6.09% |
Usha Martin Limited Corporate Events
Usha Martin’s ESG Rating Upgraded to 63 in Voluntary Assessment
Usha Martin Limited disclosed that NSE Sustainability Ratings and Analytics Limited, a SEBI-registered Category-I ESG Rating Provider, has voluntarily and independently assigned the company an ESG score of 63 for financial year 2025-2026, up from 60...
Usha Martin exits telecom cables arm in Rs. 77 crore slump sale to R R Kabel
Usha Martin Limited’s board has approved the sale of the entire business undertaking of its non-material, wholly owned subsidiary U M Cables Limited, which manufactures optical fibre and related telecom cables, to listed peer R R Kabel Limited...
Usha Martin’s ESG Score Upgraded in Independent SES Assessment
Usha Martin Limited has disclosed that SES ESG Research Private Limited has voluntarily and independently assigned the company an ESG rating of 67.9 for the financial year 2025-26, an improvement from the previous year’s 66.8. The rating, based...
Usha Martin Discloses Independent ESG Ratings Assigned by Crisil
Usha Martin Limited has disclosed that Crisil ESG Ratings & Analytics, a SEBI-registered Category-1 ESG ratings provider, has voluntarily assigned the company an ESG Rating of “Crisil ESG 54” and a Core ESG Rating of “Crisil Cor...
Usha Martin’s 40th AGM Resolutions Pass with Strong Shareholder Support
Usha Martin Limited has reported the voting results and scrutinizer’s report for its 40th Annual General Meeting, held on August 20, 2026 via video conferencing, to the Indian exchanges and the Luxembourg bourse. The disclosures cover remote e&...
Usha Martin Reports Strongest Post-Steel Performance at 40th AGM
Usha Martin Limited held its 40th Annual General Meeting on August 20, 2026 via video conferencing and other audio‑visual means, in line with Ministry of Corporate Affairs and SEBI guidelines and the Companies Act. The meeting ran from 11:30 a....
Usha Martin Posts Strong Q1 FY27 Results on Value-Added Product Mix
Usha Martin Limited reported a strong start to FY27, with consolidated revenue rising 16% year-on-year to INR 1,033 crore and operating EBITDA increasing 44% to INR 208 crore, yielding an EBITDA margin of 20.1%. Management highlighted that value grew...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 06, 2026