Usha Martin Ltd
Usha Martin Ltd is primarily engaged in manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in sale of other products such as wire drawing and allied machines.[1]
- Market Cap ₹ 10,280 Cr.
- Current Price ₹ 337
- High / Low ₹ 451 / 279
- Stock P/E 34.8
- Book Value ₹ 45.3
- Dividend Yield 0.82 %
- ROCE 31.6 %
- ROE 26.8 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 43.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.8%
- Company has been maintaining a healthy dividend payout of 30.2%
Cons
- Stock is trading at 7.44 times its book value
- The company has delivered a poor sales growth of 3.68% over past five years.
- Promoter holding has decreased over last 3 years: -5.91%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Part of Nifty 500 Nifty MidSmallcap 400 BSE 400 MidSmallCap Index BSE SmallCap BSE 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,045 | 3,287 | 3,746 | 3,432 | 3,247 | 1,387 | 1,708 | 1,393 | 1,346 | 1,810 | 2,042 | 2,046 | 2,142 | |
2,515 | 2,662 | 3,138 | 3,140 | 2,901 | 1,639 | 1,795 | 1,222 | 1,159 | 1,559 | 1,744 | 1,646 | 1,723 | |
Operating Profit | 529 | 625 | 608 | 291 | 346 | -252 | -87 | 171 | 187 | 252 | 298 | 400 | 419 |
OPM % | 17% | 19% | 16% | 8% | 11% | -18% | -5% | 12% | 14% | 14% | 15% | 20% | 20% |
43 | 68 | -62 | 34 | 117 | 75 | 30 | 511 | 14 | 64 | 31 | 60 | 27 | |
Interest | 327 | 426 | 507 | 531 | 549 | 76 | 90 | 58 | 45 | 31 | 15 | 7 | 10 |
Depreciation | 235 | 304 | 383 | 273 | 269 | 29 | 28 | 28 | 31 | 31 | 27 | 33 | 45 |
Profit before tax | 10 | -37 | -344 | -479 | -355 | -282 | -176 | 596 | 126 | 253 | 287 | 421 | 391 |
Tax % | 32% | -30% | -15% | -12% | 0% | 0% | -134% | 34% | 20% | 17% | 26% | 23% | |
7 | -26 | -292 | -419 | -355 | -282 | 59 | 395 | 101 | 211 | 214 | 322 | 295 | |
EPS in Rs | 0.23 | -0.84 | -9.60 | -13.77 | -11.65 | -9.26 | 1.94 | 12.97 | 3.30 | 6.93 | 7.01 | 10.57 | 9.68 |
Dividend Payout % | 65% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 29% | 36% | 26% |
Compounded Sales Growth | |
---|---|
10 Years: | -5% |
5 Years: | 4% |
3 Years: | 15% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 37% |
5 Years: | 44% |
3 Years: | 48% |
TTM: | -6% |
Stock Price CAGR | |
---|---|
10 Years: | 31% |
5 Years: | 85% |
3 Years: | 37% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | 30% |
3 Years: | 24% |
Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 1,514 | 1,492 | 1,196 | 782 | 425 | 143 | 200 | 585 | 684 | 897 | 1,049 | 1,289 | 1,351 |
2,992 | 3,446 | 3,685 | 4,146 | 4,091 | 3,803 | 3,318 | 349 | 293 | 164 | 176 | 135 | 135 | |
2,543 | 2,701 | 2,334 | 1,911 | 2,210 | 2,446 | 2,464 | 509 | 468 | 420 | 353 | 331 | 347 | |
Total Liabilities | 7,080 | 7,670 | 7,246 | 6,869 | 6,757 | 6,422 | 6,013 | 1,473 | 1,475 | 1,511 | 1,609 | 1,787 | 1,863 |
3,287 | 5,105 | 4,884 | 4,753 | 4,523 | 4,325 | 414 | 405 | 383 | 377 | 393 | 569 | 644 | |
CWIP | 1,174 | 152 | 49 | 68 | 45 | 29 | 9 | 30 | 38 | 36 | 134 | 126 | 91 |
Investments | 183 | 175 | 168 | 154 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 |
2,436 | 2,238 | 2,145 | 1,894 | 2,039 | 1,918 | 5,439 | 887 | 903 | 948 | 931 | 941 | 977 | |
Total Assets | 7,080 | 7,670 | 7,246 | 6,869 | 6,757 | 6,422 | 6,013 | 1,473 | 1,475 | 1,511 | 1,609 | 1,787 | 1,863 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
386 | 1,047 | 644 | 766 | 605 | 884 | 969 | 148 | 111 | 185 | 142 | 301 | |
-676 | -863 | -467 | -306 | -12 | -26 | -44 | 2,920 | -11 | 69 | -122 | -173 | |
198 | -52 | -270 | -496 | -592 | -852 | -927 | -3,072 | -101 | -161 | -66 | -124 | |
Net Cash Flow | -92 | 131 | -94 | -35 | 1 | 6 | -2 | -4 | -1 | 93 | -46 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 59 | 40 | 32 | 48 | 61 | 147 | 46 | 48 | 59 | 50 | 37 | 51 |
Inventory Days | 456 | 426 | 391 | 223 | 248 | 347 | 81 | 100 | 114 | 97 | 109 | 101 |
Days Payable | 551 | 550 | 481 | 322 | 414 | 732 | 73 | 116 | 107 | 57 | 37 | 32 |
Cash Conversion Cycle | -37 | -84 | -58 | -50 | -105 | -239 | 55 | 32 | 66 | 89 | 108 | 120 |
Working Capital Days | -11 | -72 | -38 | -51 | -90 | -254 | -53 | 51 | 86 | 74 | 77 | 81 |
ROCE % | 8% | 8% | 5% | 1% | 3% | -6% | -2% | 29% | 17% | 24% | 26% | 32% |
Documents
Announcements
- Closure of Trading Window 26 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 26 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 25 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Mar
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Apr 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2016TranscriptNotesPPT
Product Offerings
The company offers a range of specialty wire ropes, high-quality wires, low relaxation prestressed concrete steel strands (LRPC), bespoke end-fitments, accessories, and related services. It also manufactures jelly-filled and optical fiber telecommunication cables. [1]