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Usha Martin Ltd share price logo

Usha Martin Ltd

(USHAMART)

₹392.9▲0.27%

as on 04:01PM, 22 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Usha Martin Ltd Analyst Rating

based on 1 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for Usha Martin Ltd. An average target of ₹541

Source: S&P Global Market Intelligence

Usha Martin Ltd Share analysis

Usha Martin Ltd price forecast by 1 analysts

Upside of37.69%

High

₹541

Target

₹541.00

Low

₹541

Usha Martin Ltd target price ₹541, a slight upside of 37.69% compared to current price of ₹392.9. According to 1 analysts rating.

Source: S&P Global Market Intelligence

Usha Martin Ltd Performance

  • Day's Low

    Day's High

    ₹390.1
    ₹399.4

  • 52 Week's Low

    52 Week's High

    ₹273.05
    ₹451
1 Month Return+ 0.55 %
3 Month Return+ 18.04 %
1 Year Return+ 19.28 %
Previous Close₹393.95
Open₹399.40
Volume4.16L
Upper Circuit-
Lower Circuit-
Market Cap₹12,005.30Cr

Usha Martin Ltd Key Statistics

P/E Ratio28
PEG Ratio30.77
Market Cap₹12,005.30 Cr
P/B Ratio7.37
EPS13.89
Dividend Yield0.87
SectorSteel
ROE26.85

Usha Martin Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
Usha Martin Ltd
Usha Martin Ltd
BUY₹12,005.30 Cr234.3%0.56₹424 Cr₹3,225 Cr
Grand Foundry Ltd
Grand Foundry Ltd
NA₹25.84 Cr20.92%-37.15NANA
Jayaswal Neco Industries Ltd
Jayaswal Neco Industries Ltd
NA₹3,816.02 Cr207.89%0.80NANA
Aeroflex Industries Ltd
Aeroflex Industries Ltd
BUY₹2,335.40 Cr1.99%0.50₹41 Cr₹317 Cr
Suraj Products Ltd
Suraj Products Ltd
NA₹570.00 Cr823.33%0.62NANA
See all

Usha Martin Ltd Mutual Fund Holdings

About Usha Martin Ltd

Usha Martin Ltd is an internationally renowned manufacturer of speciality steel and wire ropes. The Company has 6 manufacturing facilities located in Ranchi, Hoshiarpar, Silvassa, Dubai, Bangkok and the United Kingdom, as well as overseas manufacturing operations in Thailand, United Kingdom, United States and Dubai. The Company is engaged in the business of wire and wire ropes, manufacture and sale of steel wires, strands, wire ropes, cord, bright bars, related accessories, wire drawing and related machinery, jelly filled telecommunications cables. Founded in 1986, the Company merged with Usha Martin Industries Ltd in 1997 to reduce cost and enhance productivity. In 2003 the name of Usha Beltron Ltd was changed to Usha Martin Ltd. Usha Martin Ltd have taken acquisition stake in Usha Siam Steel Industries Public Ltd Company Bangkok, Brunton Shaw Ltd UK and Wire & Wire Rope Division North which was commissioned on June 1, 2005 and eventually ceased to be a Joint Venture of the Company in August 2016. The Company has invested in many projects such as setting up of blast furnace, iron ore mining, captive power plants, 30 MW thermal power plant, third smelting shop, bloom mill, etc. As of April 2019, the Company had a steel making capacity of nearly 1 million tons and a wire ropes capacity of 2,59,320MT.

Share Price: ₹392.90 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹12,005.30Cr as of today
Revenue: ₹891.17Cr as on September 2024 (Q3 24)
Net Profit: ₹109.31Cr as on September 2024 (Q3 24)
Listing date: 10 Jan, 1995
Chairperson Name: Vijay Singh Bapna
OrganisationUsha Martin Ltd
HeadquartersKolkata
IndustrySteel
E-voting on sharesClick here to vote

Key events for Usha Martin Ltd

  • Usha Martin Reports Strong Sales Growth in Q3 - 08 Nov, 2024

    Usha Martin announced a standalone net sales increase of 9.85% to Rs 547.47 crore and consolidated net sales growth of 13.57% to Rs 891.17 crore for September 2024, indicating robust performance.

  • Usha Martin Reports Stable Q2 Earnings Growth - 06 Nov, 2024

    Usha Martin Ltd's Q2 results show a slight increase in net profit to ₹110 crore and a 14% rise in revenue to ₹891 crore, driven by strong performance in the Wire Rope segment.

  • Usha Martin Stock Surges with Strong Performance and Expansion Plans - 22 Oct, 2024

    Usha Martin's stock has surged 180% in two years and over 3,180% since May 2020. The company is expanding its production capabilities and focusing on high-value products, with significant revenue growth from international markets. Recent milestones include crossing ₹450 per share and ongoing capital expenditure programs to enhance performance.

  • Usha Martin Shares Hit Record High on Volume Surge - 11 Oct, 2024

    On October 11, 2024, Usha Martin shares surged over 16%, hitting a record high amid a significant increase in trading volumes, reflecting strong bullish sentiment.

Insights on Usha Martin Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, USHAMART stock has moved up by 18.0%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 13.97% to 14.39% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 104.11 Cr → 109.72 Cr (in ₹), with an average increase of 5.1% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 4.69% to 6.84% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 835.44 Cr → 902.27 Cr (in ₹), with an average increase of 7.4% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, USHAMART has outperformed top 5 stocks with highest market-cap in Iron & Steel

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Jindal Steel & Power Ltd has given 34.9% return, outperforming this stock by 15.6%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 35.08% to 33.88% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 44.42% to 42.88% in Sep 2024 quarter

Usha Martin Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹784.70Cr (-)₹797.09Cr (↑1.58%)₹829.03Cr (↑4.01%)₹826.37Cr (↓0.32%)₹891.17Cr (↑7.84%)
Net Income₹109.52Cr (-)₹107.51Cr (↓1.84%)₹106.33Cr (↓1.10%)₹103.84Cr (↓2.34%)₹109.31Cr (↑5.27%)
Net Profit Margin13.96% (-)13.49% (↓3.37%)12.83% (↓4.89%)12.57% (↓2.03%)12.27% (↓2.39%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,510.52Cr (-)₹1,545.99Cr (↑2.35%)₹1,641.41Cr (↑6.17%)₹1,819.62Cr (↑10.86%)
Total Liabilities₹796.16Cr (-)₹618.47Cr (↓22.32%)₹561.70Cr (↓9.18%)₹499.83Cr (↓11.01%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹148.12Cr (-)₹110.76Cr (↓25.22%)₹184.89Cr (↑66.93%)₹141.66Cr (↓23.38%)₹301.11Cr (↑112.56%)

Index Inclusions

S&P BSE 400 MidSmallCap

₹11,760.86

1.18 (▲137.44%)

Nifty MidSmallcap 400

₹19,196.45

1.09 (▲206.7%)

Nifty Smallcap 250

₹16,912.30

0.98 (▲164.45%)

BSE 500

₹35,009.77

1.89 (▲648.36%)

S&P BSE AllCap

₹10,471.31

0.68 (▲71.07%)

S&P BSE 250 SmallCap

₹6,797.77

0.93 (▲62.78%)

Nifty 500

₹22,225.55

1.85 (▲404.7%)

S&P BSE Indus.

₹14,501.81

1.82 (▲259.12%)

BSE Small-Cap

₹52,612.93

0.9 (▲471.78%)

Usha Martin Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
42.88%
-3.47
Foreign Institutions
14.39%
2.99
Mutual Funds
6.84%
45.78
Retail Investors
33.88%
-3.44
Others
2.01%
10.04

Usha Martin Ltd Key Indicators

Details20202021202220232024
Earning Per Share (₹)13.774.819.5411.4813.89
Details20202021202220232024
Return On Equity %25.986.615.1421.2926.85
Details20202021202220232024
Return On Assets %27.839.918.8421.3323.3
Details20202021202220232024
Book Value Per Share (₹)40.1945.9655.4666.577.92

Usha Martin Ltd Valuation

Usha Martin Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-21.21x)

November 14, 2018

Industry (23.56x)

November 22, 2024

Today (28.00x)

November 22, 2024

Highest (111.49x)

March 27, 2019

LowHigh

Usha Martin Ltd Earnings and Dividends

  • Usha Martin Ltd Earnings Results

    Usha Martin Ltd’s net profit jumped 0.23% since last year same period to ₹109.72Cr in the Q2 2024-2025. On a quarterly growth basis, Usha Martin Ltd has generated 5.39% jump in its net profits since last 3-months.

    Read More about Earnings Results

  • Usha Martin Ltd Dividends April,2024

    In the quarter ending March 2024, Usha Martin Ltd has declared dividend of ₹2.75 - translating a dividend yield of 1.34%.

    Read More about Dividends

Usha Martin Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Usha Martin Ltd is currently in a Bearish trading position according to technical analysis indicators.

More on Technical Analysis

FAQs on Usha Martin Ltd

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Usha Martin Ltd (USHAMART) share price today is ₹392.9

Usha Martin Ltd is listed on NSE

Usha Martin Ltd is listed on BSE

  • Today’s highest price of Usha Martin Ltd is ₹399.4.
  • Today’s lowest price of Usha Martin Ltd is ₹390.1.

PE Ratio of Usha Martin Ltd is 28

PE ratio = Usha Martin Ltd Market price per share / Usha Martin Ltd Earnings per share

Today’s traded volume of Usha Martin Ltd(USHAMART) is 4.16L.

Today’s market capitalisation of Usha Martin Ltd(USHAMART) is ₹12005.3Cr.

Usha Martin Ltd(USHAMARTPrice
52 Week High
₹451
52 Week Low
₹273.05

Usha Martin Ltd(USHAMART) share price is ₹392.9. It is down -12.88% from its 52 Week High price of ₹451

Usha Martin Ltd(USHAMART) share price is ₹392.9. It is up 43.89% from its 52 Week Low price of ₹273.05

Usha Martin Ltd(USHAMARTReturns
1 Day Returns
-1.05%
1 Month Returns
0.55%
3 Month Returns
18.04%
1 Year Returns
19.28%