Search & Analyze

Usha Martin Ltd.

484.20+23.40 (+5.08%)

BSE · 04 Nov, 2:04 PM

: ₹14,042.51 Cr
: 27.70
: 36,963
: ₹484.20 - ₹459.20
: ₹542.00 - ₹378.55

Usha Martin Ltd. (USHAMART) share price is trading at ₹484.20 on the BSE as of November 4, 2026 at 2:04 PM, up by 5.08% from its of ₹460.80. In today's trading session USHAMART reached a of 484.20 and of 459.20. The for today is 474.53. The stands at 493.40 and is at 466.29. Looking at , the stock is in Uptrend.

Stock Overview

₹460.80

₹474.53

₹493.40

Price 1.86% below

₹466.29

Price 3.84% above

Key Fundamentals

: 14,042.51 Cr₹14.04 Thousand Crore
: 16.64
: 27.70
: 4.09
: 112.77
: 830.46 Cr₹830.46 Crore
: 0.81 %
Sector
Industry: Steel & Iron Products
: 16.24
: 0.04

Industry Comparison

Ratio	Company	Sector
	27.70	21.48
	0.04	0.32
	4.09	2.19
	2.96	1.49
	0.81 %	0.08 %
Operating Margin	18.92 %	9.77 %

Sector figures are the median of 83 listed Iron & Steel companies.

Peer Comparison

Name
JSWSL JSWSTEEL	1,332.00	11.34	3,25,734.47	0.54	5,359.00	225.58%	54,486.00	20.67%	20.67
TATA STEEL TATASTEEL	177.90	19.93	2,22,080.68	2.27	2,385.24	18.82%	60,794.29	14.32%	12.70
STEEL AUTH. SAIL	168.35	12.31	69,537.39	1.41	1,750.47	318.05%	31,997.55	19.82%	7.08
WELCORP WELCORP	2,353.35	25.85	62,079.17	0.22	495.09	11.63%	4,643.72	6.18%	23.94
APL APOLLO APLAPOLLO	2,180.00	45.76	60,529.53	0.39	382.42	26.82%	7,001.70	26.58%	31.83
JSL JSL	687.85	16.77	56,707.70	0.59	897.75	11.12%	12,873.86	18.19%	19.19
SHYAMMETL SHYAMMETL	1,244.95	25.09	34,750.52	0.37	510.99	96.20%	5,960.19	33.42%	13.88
Usha Martin Ltd. USHAMART	484.20	27.70	14,042.51	0.81	142.04	40.90%	1,033.00	16.44%	20.17

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	826.37	891.17	860.54	896.08	887.19	907.56	917.05	979.26	1,033.00
Expenses	672.33	730.40	717.86	756.51	742.58	734.56	741.11	767.73	824.99
	154.04	160.77	142.68	139.57	144.61	173.00	175.94	211.53	208.01
	18.64%	18.04%	16.58%	15.58%	16.30%	19.06%	19.19%	21.60%	20.14%
	4.98	6.85	3.91	23.65	15.46	22.66	-9.25	23.14	8.56
Interest	6.67	7.67	8.67	6.54	6.25	5.09	4.77	3.52	3.90
	21.74	22.79	25.57	27.76	28.69	27.66	28.81	31.24	33.52
	134.70	141.41	117.62	133.12	129.63	167.81	137.76	204.37	184.12
	22.91%	22.70%	21.56%	24.20%	22.23%	23.96%	21.84%	24.10%	22.85%
	104.11	109.72	92.57	100.99	100.93	109.71	107.55	147.80	141.98
	3.41	3.59	3.03	3.31	3.31	3.59	3.53	4.84	4.65

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	2,707.25	3,287.60	3,245.06	3,510.91	3,726.71
	2,688.07	3,267.76	3,225.20	3,474.16	3,691.06
EXPENDITURE :
Increase/Decrease in Stock	-57.55	-12.98	-18.27	-72.75	110.03
Raw Material Consumed	1,544.73	1,819.31	1,651.60	1,822.80	1,757.47
Power & Fuel Cost	125.80	163.96	147.18	149.41	152.93
Employee Cost	330.23	372.83	427.63	474.33	460.49
Other Manufacturing Expenses	87.77	115.08	135.11	161.51	173.02
General and Administration Expenses	52.21	54.89	66.46	72.39	65.10
Selling and Distribution Expenses	167.99	175.83	147.59	195.94	192.01
Miscellaneous Expenses	60.24	65.97	69.34	73.47	74.93
	2,311.42	2,754.89	2,626.64	2,877.10	2,985.98
Operating Profit (Excl OI)	376.65	512.87	598.56	597.06	705.08
	42.26	28.52	40.28	39.39	68.88
	418.91	541.39	638.84	636.45	773.96
Interest	42.46	30.27	24.78	29.55	19.63
PBDT	376.45	511.12	614.06	606.90	754.33
	69.75	67.48	77.00	97.86	116.40
Profit Before Taxation & Exceptional Items	306.70	443.64	537.06	509.04	637.93
Exceptional Income / Expenses	31.18				-16.87
	346.28	455.38	549.51	526.85	639.57
Provision for Tax	54.85	104.78	125.39	120.53	148.37
	291.43	350.60	424.12	406.32	491.20
Extra items				0.00	-24.89
Minority Interest	-0.16	-0.46	-0.16	1.07	-0.32
Consolidated Net Profit	291.27	350.14	423.96	407.39	465.99
Profit Balance B/F	-264.26	836.95	1,127.02	1,468.36	1,791.29
Appropriations	27.01	1,187.09	1,550.98	1,875.75	2,257.28
Equity Dividend %	200.00%	250.00%	275.00%	300.00%	375.00%
	9.56	11.49	13.91	13.38	15.31
Adjusted EPS	9.56	11.49	13.91	13.38	15.31

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	30.54	30.54	30.54	30.52	30.51
Share Warrants & Outstandings				0.55	2.35
Total Reserves	1,663.13	2,000.22	2,349.13	2,720.81	3,269.07
Reserve excluding Revaluation Reserve	1,663.13	2,000.22	2,349.13	2,720.81	3,269.07
Revaluation reserve		0.00
	1,693.67	2,030.76	2,379.67	2,751.88	3,301.93
Minority Interest	3.63	4.31	4.24	-0.17	0.15
Secured Loans	188.54	197.29	200.18	139.82	17.94
Unsecured Loans				5.58	6.19
Deferred Tax Assets / Liabilities	12.07	13.71	11.13	24.95	57.07
Other Long Term Liabilities	71.68	71.93	57.55	68.55	67.34
Long Term Provisions	55.88	117.37	114.55	137.76	150.30
Total Non-Current Liabilities	328.17	400.30	383.41	376.66	298.84
Trade Payables	295.03	298.76	248.35	266.24	310.95
Other Current Liabilities	194.83	239.92	216.66	245.33	213.63
Short Term Borrowings	175.77	115.35	88.63	125.04	115.67
Short Term Provisions	51.38	67.28	165.71	65.50	169.51
Total Current Liabilities	717.01	721.31	719.35	702.11	809.76
Total Liabilities	2,742.48	3,156.68	3,486.67	3,830.48	4,410.68
Gross Block	1,346.76	1,449.91	1,716.51	2,073.16	2,432.64
Less: Accumulated Depreciation	437.44	501.37	563.28	667.33	808.05
	909.32	948.54	1,153.23	1,405.83	1,624.59
	37.89	139.11	165.80	117.33	88.86
Non Current Investments	56.40	65.73	56.00	68.01	79.32
Long Term Investment	56.40	65.73	56.00	68.01	79.32
Long Term Loans & Advances	114.19	219.37	203.48	226.49	205.85
Other Non Current Assets	18.75	18.43	15.63	20.83	17.69
Total Non-Current Assets	1,140.83	1,395.18	1,594.14	1,839.23	2,016.50
Inventories	797.43	889.93	889.62	984.91	957.82
Sundry Debtors	414.09	499.89	539.31	527.63	643.42
Cash and Bank	164.68	161.99	167.71	274.75	477.80
Other Current Assets	115.80	97.21	101.77	113.50	91.62
Short Term Loans and Advances	96.75	112.48	186.20	82.54	223.52
Total Current Assets	1,588.75	1,761.50	1,884.61	1,983.33	2,394.18
Net Current Assets (Including Current Investments)	871.74	1,040.19	1,165.26	1,281.22	1,584.42
Total Assets	2,742.48	3,156.68	3,486.67	3,830.48	4,410.68
	455.29	413.56	331.45	338.26	248.47
Total Debt	366.46	354.55	297.76	337.56	145.54
	55.58	66.65	78.10	90.35	108.39
Adjusted Book Value	55.58	66.65	78.10	90.35	108.39

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	346.28	455.38	549.51	526.85	612.29
Adjustment	61.15	97.57	88.54	97.62	154.63
Changes In working Capital	-261.65	-207.50	-77.53	-83.55	-30.98
Cash Flow after changes in Working Capital	145.78	345.45	560.52	540.92	735.94
Cash Flow from Operating Activities	158.57	251.59	443.84	421.76	655.34
Cash Flow from Investing Activities	55.74	-157.69	-287.93	-223.24	-366.67
Cash Flow from Financing Activitie	-160.59	-101.09	-159.33	-91.49	-321.49
Net Cash Inflow / Outflow	53.72	-7.19	-3.42	107.03	-32.82
Opening Cash & Cash Equivalents	99.46	154.38	150.16	149.78	260.72
Cash & Cash Equivalent on Amalgamation / Take over / Merger			0.79
Effect of Foreign Exchange Fluctuations	1.20	2.97	2.25	3.91	13.94
Closing Cash & Cash Equivalent	154.38	150.16	149.78	260.72	241.84

Ratios

Valuation

27.70

4.09

16.51

3.66

16.64

112.77

Profitability

16.24

20.17

11.92

18.92

13.18

Leverage & Liquidity

0.04

2.96

33.58

Returns

0.81

0.90

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	45.11	43.54	43.48	43.89	42.45	41.76	40.52	40.52	40.28	40.09
	19.08	21.86	22.24	23.33	25.17	26.26	28.56	29.39	29.99	32.59
	35.81	34.60	34.28	32.77	32.38	31.99	30.93	30.09	29.73	27.32
	54.89	56.46	56.52	56.11	57.55	58.24	59.48	59.48	59.72	59.91
No. of Shareholders	1,00,100	1,11,193	1,50,403	1,18,564	1,14,349	1,04,821	1,04,397	1,01,177	1,04,425	1,07,845

Mutual Funds Invested(71)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 21 active funds hold 13.63% in Usha Martin Ltd., contributing to ₹2.07K Cr of holdings

Fund				As of
TA Tata Small Cap Fund - Growth - Direct PlanSmall cap Fund	578.93	4.38	1,16,09,989	Sep '26
QU Quant Small Cap Fund - Growth - Direct PlanSmall cap Fund	534.36	1.50	1,07,16,104	Sep '26
HD HDFC Small Cap Fund - Growth - Direct PlanSmall cap Fund	231.00	0.57	46,32,557	Sep '26
IP ICICI Prudential Commodities Fund - Growth - Direct PlanEquity - Thematic Fund - Other	156.48	3.79	31,38,006	Sep '26
ID Bandhan Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	120.56	0.58	24,17,714	Sep '26
MM Mahindra Manulife Small Cap Fund - Growth - Direct PlanSmall cap Fund	112.07	2.09	22,47,450	Sep '26
ID Bandhan Small Cap Fund - Growth - Direct PlanSmall cap Fund	57.82	0.16	11,59,577	Sep '26
HD HDFC Children's Fund - Direct PlanSolution Oriented - Children's Fund	54.85	0.53	11,00,000	Sep '26
TA Tata Multicap Fund - Growth - Direct PlanMulti Cap Fund	45.88	1.35	9,20,000	Sep '26
MI Mirae Asset Multicap Fund - Growth - Direct PlanMulti Cap Fund	44.13	0.82	8,84,903	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-07-20	Board Meeting	Quarterly Results
2026-07-15	AGM
2026-04-30	Ex Dividend	Rs.3.7500 per share(375%)Final Dividend	2026-08-13	2026-08-13

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-09-24	Peterhouse Investments Ltd	Market	Sell	200,000
2026-09-19	NIDHI RAJGARHIA	Market	Sell	24,000
2026-09-17	Peterhouse Investments Ltd	Market	Sell	200,000
2026-09-14	Peterhouse Investments Ltd	Market	Sell	150,000
2026-06-20	Peterhouse Investments India Ltd	Market	Sell	816
2026-05-28	Peterhouse Investments India Ltd	Market	Sell	50,000

Sector Overview

Iron & SteelSteel & Iron Products

Usha Martin Ltd. operates in the Iron & Steel sector under the Steel & Iron Products industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

11 members across the board and senior leadership

Manish Agarwal

Company Secretary & Compliance Officer

—

Vijay Singh Bapna

Chairman

₹34.00 L

Mar '26

Ramni Nirula

Non Executive Independent Director

₹31.00 L

Mar '26

V Ramakrishna Iyer

Non Executive Independent Director

₹36.25 L

Mar '26

Sethurathnam Ravi

Non Executive Independent Director

₹34.75 L

Mar '26

Rajeev Jhawar

Managing Director

₹3.97 Cr

Mar '26

SBN Sharma

Whole Time Director

₹1.36 Cr

Mar '26

Chirantan Chatterjee

Whole Time Director

₹95.03 L

Mar '26

Shreya Jhawar

Non Independent & Non Executive Director

—

Dimitri Bracco Gartner

Non Independent & Non Executive Director

—

Sabyasachi Majumder

Non Independent & Non Executive Director

—

USHAMART Latest News

News

3 of 3 articles

EQUITY16 Jul 2026 · 10:32

Usha Martin informs about record date for dividend

EQUITY15 May 2026 · 16:21

Usha Martin informs about compliance report

EQUITY13 May 2026 · 14:42

Usha Martin informs about disclosure

Usha Martin Ltd.

Stock Overview

Price chart

Peer Comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Valuation

Profitability

Leverage & Liquidity

Returns

Shareholding Pattern

Mutual Funds Invested(71)

Corporate Actions

Insider Trading

Sector Overview

Company Profile

Key Management

USHAMART Latest News

News