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Usha Martin Ltd (USHAMART)

₹3700.11%

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Overview
News
Financials
Q1 2024 Results
Technicals

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 ₹471

Source: S&P Global Market Intelligence

Usha Martin Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • ₹370
    ₹370
  • 52 Week's Low

    52 Week's High

    ₹252.8
    ₹427.8
1 Month Return-7 %
3 Month Return+ 0.33 %
1 Year Return+ 10.53 %
Previous Close₹369.60
Open₹370.00
Volume7.86L
Upper Circuit-
Lower Circuit-
Market Cap₹11,263.26Cr

Key Statistics

P/E Ratio26.55
PEG Ratio10.97
Market Cap₹11,263.26 Cr
P/B Ratio6.06
EPS1.52

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Quant Small Cap Fund Growth Option Direct PlanQuant Small Cap Fund Growth Option Direct Plan1.41%
ICICI Prudential Commodities Fund Direct GrowthICICI Prudential Commodities Fund Direct Growth2.83%
Tata Multicap Fund Direct GrowthTata Multicap Fund Direct Growth1.13%
Tata Small Cap Fund Direct GrowthTata Small Cap Fund Direct Growth0.45%
Quant Infrastructure Fund Growth Option Direct PlanQuant Infrastructure Fund Growth Option Direct Plan0.77%

Company Information

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: ₹370.00 per share as on 22 Jul, 2024 01:40 PM
Market Capitalisation: ₹11,263.26Cr as of today
Revenue: ₹829.03Cr as on March 2024 (Q1 24)
Net Profit: ₹106.33Cr as on March 2024 (Q1 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

  • Tata Steel to Acquire Usha Martin's Steel and Wire Rope Business - 28 Jun, 2024

    Tata Steel has agreed to acquire Usha Martin's steel and wire rope business for a cash consideration of up to ₹ 4,300-4,700 crore in a slump sale. The acquisition is expected to improve the blended EBITDA/tonne (operating margins per tonne) of the acquired business to ₹ 8,000 per tonne by FY21.

  • Insider Selling at Usha Martin Raises Concerns Among Investors - 21 Jun, 2024

    Over the last year, Usha Martin insiders sold more shares than they bought. The last three months saw significant insider selling with no purchases recorded. Insider ownership stands at 4.3% of the company worth about ₹5.1b.

  • Usha Martin Edu's March 2024 Net Sales Up by 122.21% YoY - 13 Jun, 2024

    Usha Martin Edu reported a net sales of Rs. 0.22 crore in March 2024, up by 122.21% YoY. The company's EBITDA stood at Rs. 0.18 crore, up by 125% YoY. However, the quarterly net loss increased to Rs. 0.05 crore from Rs. 0.03 crore in March 2023.

  • Usha Martin Ltd's Financials Look Strong Despite Recent Weakness - 05 Jun, 2024

    Despite recent weakness, Usha Martin Ltd has a respectable ROE and significant net income growth over the past five years. The company is reinvesting profits heavily to grow its business, which shows in its earnings growth. Analysts predict a steady future payout ratio and an increase in ROE.

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

    Best in 3 Years

    img

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

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 3.49% to 4.69% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 34.85% to 35.08% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 804.68 Cr → 843.06 Cr (in ₹), with an average increase of 4.6% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharat Forge Ltd has given 85.3% return, outperforming this stock by 74.8%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, USHAMART stock has moved down by -7.0%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 109.47 Cr → 106.26 Cr (in ₹), with an average decrease of 1.5% per quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 45.35% to 44.42% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 14.56% to 13.97% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹829.03Cr
↑4.01%
Net Income
₹106.33Cr
↓1.10%
Net Profit Margin
12.83%
↓4.89%
2023Y/Y Change
Revenue
₹3,267.76Cr
↑21.57%
Net Income
₹350.60Cr
↑20.30%
Net Profit Margin
10.73%
↓1.01%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹1,641.41Cr
↑6.17%
Total Liabilities
₹561.70Cr
↓9.18%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹141.66Cr
↓23.38%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
44.42%
-2.03
Foreign Institutions
13.97%
-4.05
Mutual Funds
4.69%
34.29
Retail Investors
35.08%
0.68
Others
1.83%
4.44

Key Indicators

Usha Martin Ltd Valuation

Usha Martin Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-21.21x)

November 14, 2018

Today (26.55x)

July 19, 2024

Industry (29.02x)

July 19, 2024

Highest (111.49x)

March 27, 2019

LowHigh

Earnings and Dividends

  • Usha Martin Ltd Earnings Results

    Usha Martin Ltd’s net profit jumped 1% since last year same period to ₹106.26Cr in the Q4 2023-2024. On a quarterly growth basis, Usha Martin Ltd has generated -1.15% fall 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 1.42%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

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

Frequently Asked Questions

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Usha Martin Ltd (USHAMART) share price today is ₹370

Usha Martin Ltd is listed on NSE

Usha Martin Ltd is listed on BSE

  • Today’s highest price of Usha Martin Ltd is ₹370.
  • Today’s lowest price of Usha Martin Ltd is ₹370.

PE Ratio of Usha Martin Ltd is 26.55

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 7.86L.

Today’s market capitalisation of Usha Martin Ltd(USHAMART) is ₹11263.26Cr.

Usha Martin Ltd(USHAMARTPrice
52 Week High
₹427.8
52 Week Low
₹252.8

Usha Martin Ltd(USHAMART) share price is ₹370. It is down -13.51% from its 52 Week High price of ₹427.8

Usha Martin Ltd(USHAMART) share price is ₹370. It is up 46.36% from its 52 Week Low price of ₹252.8

Usha Martin Ltd(USHAMARTReturns
1 Day Returns
0.4%
1 Month Returns
-7%
3 Month Returns
0.33%
1 Year Returns
10.53%