Usha Martin Ltd (USHAMART)

Usha Martin Ltd Stock Surges on High Volume Trading - 30 Apr, 2024

Usha Martin Ltd saw a surge in trading volume, with 2.98 lakh shares traded by 10:46 IST on BSE, an increase of 3.86 times over the two-week average daily volume. The stock gained 8.78% to Rs.389.00.

Usha Martin Reports Mixed Results for Q4 FY24 - 29 Apr, 2024

Usha Martin reports a mixed bag of results for Q4 FY24, with a 1% YoY increase in net profit and a 3.1% YoY decrease in revenue. However, the company's standalone March 2024 net sales rose 0.76% YoY.

Usha Martin Reports Increased EPS and Net Income - 28 Apr, 2024

Usha Martin reported an EPS of ₹13.92, up from ₹11.49 in FY 2023, with net income increasing by 21%. Revenue remained flat at ₹32.7b, but revenue growth is forecast to be 19% p.a. for the next two years.

Usha Martin Ltd Stock Price Surges by 28% - 19 Apr, 2024

Usha Martin Ltd's stock price has surged by 28% in a month, but its P/E ratio of 26.3x may require further investigation to determine if it is justified. The company's earnings growth has been relatively sluggish compared to most other companies, which has repressed the P/E.

FII/FPI Increases Stake in Usha Martin Ltd - 14 Apr, 2024

Foreign institutional investors (FII/FPI) increased their stake in Usha Martin Limited from 12.94% to 14.78%. The company's Q3FY24 revenue declined by 4.43%, but profits rose from Rs. 84 Crores to Rs. 108 Crores.

Insider Buying and Strong Financials Boost Usha Martin Potential - 07 Apr, 2024

Usha Martin has achieved impressive annual EPS growth of 59% over the last three years, with growing revenues and improved EBIT margins. Insider buying by MD & Executive Director Rajeev Jhawar, who spent ₹35m on shares, alongside meaningful insider investment in the stock, indicates potential for long-term value creation. CEO compensation is modest, supporting alignment between management and shareholders.