Usha Martin Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 15.1%)
- Efficient capital deployment (ROCE 19.5%)
- Attractively valued vs sector (P/E 28.8x vs industry 48.4x)
- Virtually debt-free
Concerns
- Trading near 52-week high (₹529)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,856 | ₹3.2L Cr | 34.8 | 7.91 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
USHAMART · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 47.41% | 46.04% | 45.11% | 43.54% | 43.48% | 43.90% |
| FII | 12.94% | 14.78% | 14.19% | 14.61% | 14.29% | 14.25% |
| DII | 3.45% | 3.60% | 4.88% | 7.44% | 8.14% | 9.25% |
| Public | 36.20% | 35.57% | 35.81% | 34.40% | 34.08% | 32.53% |
| Others | — | — | — | — | — | 0.06% |
Corporate Events
Dividend - Rs 3.75 Per Share
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 3 Per Share
Dividend - Rs 2.75 Per Share
Annual General Meeting
Annual General Meeting
Dividend - Rs 2.50 Per Sh
Latest News
All newsUsha Martin Education reports Q1 FY26 financial results
*Usha Martin Education reports Q1 FY26 financial results.* The company has submitted its financial results for the quarter ended June 30, 2026. No specific figures or guidance were disclosed in the filing. The announcement is routine and reflects standard regulatory compliance. 📊 *STOCKS:* $UMESL | 🏢 *SECTOR:* Education | #LOWIMPACT #Earnings
Usha Martin announces Q1 FY26 unaudited results
*Usha Martin announces Q1 FY26 unaudited results*. The company has published its unaudited standalone and consolidated financial results for the quarter ended **30th June 2026**. The disclosure follows standard regulatory requirements for listed entities. Results were published in a newspaper as part of mandatory dissemination. 📊 *STOCKS:* USHAMART | 🏢 *SECTOR:* Metals | #LOWIMPACT #earnings
Usha Martin announces 40th AGM and e-voting details
*Usha Martin announces 40th AGM and e-voting details* Usha Martin Limited has released the notice for its **40th Annual General Meeting** along with e-voting information via newspaper publication. The filing is part of mandatory regulatory disclosures. No financial or strategic updates were included. 📊 *STOCKS:* USHAMART | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹979 Cr 6.8% | ₹917 Cr 1.0% | ₹908 Cr 2.4% | ₹887 Cr 1.0% | ₹896 Cr 4.1% | ₹861 Cr 3.4% | ₹891 Cr 7.9% | ₹826 Cr |
| Op. Profit | ₹212 Cr 20.5% | ₹176 Cr 1.7% | ₹173 Cr 19.3% | ₹145 Cr 3.6% | ₹140 Cr 2.1% | ₹143 Cr 11.2% | ₹161 Cr 4.5% | ₹154 Cr |
| OPM | 22.0% 15.8% | 19.0% 0.0% | 19.0% 18.8% | 16.0% 0.0% | 16.0% 5.9% | 17.0% 5.6% | 18.0% 5.3% | 19.0% |
| Net Profit | ₹148 Cr 37.0% | ₹108 Cr 1.8% | ₹110 Cr 8.9% | ₹101 Cr 0.0% | ₹101 Cr 9.8% | ₹92 Cr 15.6% | ₹109 Cr 4.8% | ₹104 Cr |
| EPS (₹) | 4.85 37.4% | 3.53 1.9% | 3.6 8.8% | 3.31 0.0% | 3.31 8.9% | 3.04 15.6% | 3.6 5.3% | 3.42 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.7K Cr 6.2% | ₹3.5K Cr 7.7% | ₹3.2K Cr 1.3% | ₹3.3K Cr 21.6% | ₹2.7K Cr 28.2% | ₹2.1K Cr 2.6% | ₹2.2K Cr 13.4% | ₹2.5K Cr 20.4% | ₹2.1K Cr 46.8% | ₹3.9K Cr |
| Expenses | ₹3.0K Cr 3.8% | ₹2.9K Cr 9.5% | ₹2.6K Cr 4.6% | ₹2.8K Cr 19.5% | ₹2.3K Cr 27.0% | ₹1.8K Cr 5.6% | ₹1.9K Cr 23.5% | ₹2.5K Cr 11.5% | ₹2.3K Cr 35.5% | ₹3.5K Cr |
| Op. Profit | ₹705 Cr 18.1% | ₹597 Cr 0.3% | ₹599 Cr 16.8% | ₹513 Cr 33.6% | ₹384 Cr 35.2% | ₹284 Cr 22.4% | ₹232 Cr 1066.7% | ₹-24 Cr 87.2% | ₹-188 Cr 148.3% | ₹389 Cr |
| OPM | 19.0% 11.8% | 17.0% 10.5% | 19.0% 18.8% | 16.0% 14.3% | 14.0% 0.0% | 14.0% 27.3% | 11.0% 1200.0% | -1.0% 88.9% | -9.0% 190.0% | 10.0% |
| Other Income | ₹46 Cr 19.3% | ₹57 Cr 7.5% | ₹53 Cr 32.5% | ₹40 Cr 46.7% | ₹75 Cr 212.5% | ₹24 Cr 95.5% | ₹537 Cr 3058.8% | ₹17 Cr 77.9% | ₹77 Cr 35.8% | ₹120 Cr |
| Interest | ₹20 Cr 33.3% | ₹30 Cr 20.0% | ₹25 Cr 16.7% | ₹30 Cr 28.6% | ₹42 Cr 26.3% | ₹57 Cr 23.0% | ₹74 Cr 35.1% | ₹114 Cr 23.9% | ₹92 Cr 83.7% | ₹564 Cr |
| Depreciation | ₹116 Cr 18.4% | ₹98 Cr 27.3% | ₹77 Cr 14.9% | ₹67 Cr 4.3% | ₹70 Cr 2.9% | ₹68 Cr 6.3% | ₹64 Cr 4.9% | ₹61 Cr 1.7% | ₹60 Cr 80.0% | ₹300 Cr |
| PBT | ₹615 Cr 16.7% | ₹527 Cr 4.2% | ₹550 Cr 20.9% | ₹455 Cr 31.5% | ₹346 Cr 89.1% | ₹183 Cr 71.0% | ₹630 Cr 448.1% | ₹-181 Cr 31.4% | ₹-264 Cr 25.6% | ₹-355 Cr |
| Tax % | 24.0% 4.3% | 23.0% 0.0% | 23.0% 0.0% | 23.0% 43.8% | 16.0% 20.0% | 20.0% 39.4% | 33.0% 126.2% | -126.0% 6400.0% | 2.0% 100.0% | 1.0% |
| Net Profit | ₹466 Cr 14.8% | ₹406 Cr 4.2% | ₹424 Cr 20.8% | ₹351 Cr 20.6% | ₹291 Cr 91.4% | ₹152 Cr 63.9% | ₹421 Cr 759.2% | ₹49 Cr 118.3% | ₹-268 Cr 25.1% | ₹-358 Cr |
| EPS (₹) | 15.29 14.4% | 13.37 3.9% | 13.91 21.1% | 11.49 20.2% | 9.56 94.7% | 4.91 64.3% | 13.74 775.2% | 1.57 117.6% | -8.9 24.4% | -11.78 |
| Div Payout | 25.0% 13.6% | 22.0% 10.0% | 20.0% 9.1% | 22.0% 4.8% | 21.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹31 Cr 0.0% | ₹31 Cr 0.0% | ₹31 Cr 0.0% | ₹31 Cr 0.0% | ₹31 Cr 0.0% | ₹31 Cr 0.0% | ₹31 Cr 0.0% | ₹31 Cr 0.0% | ₹31 Cr 0.0% | ₹31 Cr |
| Reserves | ₹3.3K Cr 20.2% | ₹2.7K Cr 15.8% | ₹2.3K Cr 17.4% | ₹2.0K Cr 20.3% | ₹1.7K Cr 21.1% | ₹1.4K Cr 14.7% | ₹1.2K Cr 59.4% | ₹751 Cr 7.7% | ₹697 Cr 23.7% | ₹914 Cr |
| Borrowings | ₹229 Cr 45.1% | ₹417 Cr 14.6% | ₹364 Cr 12.7% | ₹417 Cr 1.5% | ₹411 Cr 22.5% | ₹530 Cr 14.5% | ₹620 Cr 82.6% | ₹3.6K Cr 12.5% | ₹4.1K Cr 6.7% | ₹4.4K Cr |
| Other Liabilities | ₹672 Cr 19.4% | ₹563 Cr 1.2% | ₹570 Cr 9.1% | ₹627 Cr 0.3% | ₹625 Cr 3.7% | ₹649 Cr 6.8% | ₹696 Cr 73.7% | ₹2.6K Cr 0.0% | ₹2.6K Cr 9.2% | ₹2.4K Cr |
| Total Liabilities | ₹4.2K Cr 12.6% | ₹3.7K Cr 12.6% | ₹3.3K Cr 7.7% | ₹3.1K Cr 12.6% | ₹2.7K Cr 5.7% | ₹2.6K Cr 1.5% | ₹2.5K Cr 63.6% | ₹7.0K Cr 6.1% | ₹7.4K Cr 3.7% | ₹7.7K Cr |
Assets | ||||||||||
| Fixed Assets | ₹1.6K Cr 15.6% | ₹1.4K Cr 21.9% | ₹1.2K Cr 21.1% | ₹952 Cr 4.3% | ₹913 Cr 2.0% | ₹932 Cr 2.5% | ₹956 Cr 2.2% | ₹935 Cr 80.8% | ₹4.9K Cr 3.4% | ₹5.0K Cr |
| CWIP | ₹89 Cr 24.6% | ₹118 Cr 28.9% | ₹166 Cr 19.4% | ₹139 Cr 265.8% | ₹38 Cr 15.6% | ₹45 Cr 36.4% | ₹33 Cr 153.8% | ₹13 Cr 88.5% | ₹113 Cr 6.6% | ₹121 Cr |
| Investments | ₹79 Cr 16.2% | ₹68 Cr 21.4% | ₹56 Cr 15.2% | ₹66 Cr 17.9% | ₹56 Cr 16.7% | ₹48 Cr 9.1% | ₹44 Cr 4.8% | ₹42 Cr 7.7% | ₹39 Cr 5.4% | ₹37 Cr |
| Other Assets | ₹2.4K Cr 12.6% | ₹2.1K Cr 10.4% | ₹1.9K Cr 1.1% | ₹1.9K Cr 11.3% | ₹1.7K Cr 10.6% | ₹1.6K Cr 3.0% | ₹1.5K Cr 74.8% | ₹6.0K Cr 146.8% | ₹2.4K Cr 4.3% | ₹2.5K Cr |
| Total Assets | ₹4.2K Cr 12.6% | ₹3.7K Cr 12.6% | ₹3.3K Cr 7.7% | ₹3.1K Cr 12.6% | ₹2.7K Cr 5.7% | ₹2.6K Cr 1.5% | ₹2.5K Cr 63.6% | ₹7.0K Cr 6.1% | ₹7.4K Cr 3.7% | ₹7.7K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹655 Cr 55.2% | ₹422 Cr 5.0% | ₹444 Cr 76.2% | ₹252 Cr 58.5% | ₹159 Cr 25.7% | ₹214 Cr 0.9% | ₹212 Cr 78.2% | ₹974 Cr 6.6% | ₹914 Cr 33.2% | ₹686 Cr |
| Investing CF | ₹-353 Cr 61.2% | ₹-219 Cr 23.2% | ₹-285 Cr 83.9% | ₹-155 Cr 371.9% | ₹57 Cr 267.6% | ₹-34 Cr 101.2% | ₹2.9K Cr 98166.7% | ₹-3 Cr 91.4% | ₹-35 Cr 20.7% | ₹-29 Cr |
| Financing CF | ₹-321 Cr 252.7% | ₹-91 Cr 42.8% | ₹-159 Cr 57.4% | ₹-101 Cr 37.3% | ₹-161 Cr 9.0% | ₹-177 Cr 94.3% | ₹-3.1K Cr 219.1% | ₹-973 Cr 11.6% | ₹-872 Cr 31.5% | ₹-663 Cr |
| Net Cash Flow | ₹-19 Cr 117.1% | ₹111 Cr | ₹0 Cr 100.0% | ₹-4 Cr 107.3% | ₹55 Cr 2650.0% | ₹2 Cr 96.0% | ₹50 Cr 2600.0% | ₹-2 Cr 128.6% | ₹7 Cr 240.0% | ₹-5 Cr |
| Free Cash Flow | ₹489 Cr 156.0% | ₹191 Cr 13.7% | ₹168 Cr 86.7% | ₹90 Cr 45.5% | ₹165 Cr 7.3% | ₹178 Cr 14.0% | ₹207 Cr 78.9% | ₹981 Cr 12.4% | ₹873 Cr 36.4% | ₹640 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64d 16.4% | 55d 9.8% | 61d 8.9% | 56d 0.0% | 56d 1.8% | 57d 11.8% | 51d 6.3% | 48d 59.7% | 119d 85.9% | 64d |
| Inventory Days | 187d 8.8% | 205d 3.0% | 199d 10.6% | 180d 8.2% | 196d 6.2% | 209d 14.2% | 183d 17.3% | 156d 55.4% | 350d 34.1% | 261d |
| Days Payable | 61d 8.9% | 56d 0.0% | 56d 6.7% | 60d 16.7% | 72d 36.3% | 113d 4.6% | 108d 38.5% | 78d 86.1% | 561d 55.0% | 362d |
| Cash Conv. Cycle | 190d 7.3% | 205d 0.5% | 204d 16.6% | 175d 2.8% | 180d 17.6% | 153d 21.4% | 126d 0.0% | 126d 237.0% | -92d 148.6% | -37d |
| Working Capital Days | 109d 1.9% | 107d 6.1% | 114d 16.3% | 98d 0.0% | 98d 25.6% | 78d 39.3% | 56d 152.8% | -106d 63.2% | -288d 108.7% | -138d |
| ROCE | 19.0% 0.0% | 19.0% 13.6% | 22.0% 4.8% | 21.0% 16.7% | 18.0% 38.5% | 13.0% 85.7% | 7.0% 800.0% | -1.0% 75.0% | -4.0% 233.3% | 3.0% |
Source: Screener.in · Lower days = better efficiency