Usha Martin Ltd

Usha Martin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Usha Martin Ltd

₹ 350 -2.11%
22 Jan 9:58 a.m.
ushamartin.com BSE: 517146 NSE: USHAMART
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 10,675 Cr.
  • Current Price ₹ 350
  • High / Low ₹ 451 / 273
  • Stock P/E 35.6
  • Book Value ₹ 45.3
  • Dividend Yield 0.77 %
  • ROCE 31.6 %
  • ROE 26.8 %
  • Face Value ₹ 1.00
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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 7.90 times its book value
  • Promoter holding has decreased over last quarter: -1.57%
  • The company has delivered a poor sales growth of 3.68% over past five years.

* 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 BSE 250 SmallCap Index Nifty Smallcap 250 BSE Industrials BSE Allcap Nifty 500 Multicap 50:25:25

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
421 471 515 516 519 496 511 501 498 532 515 514 547
364 408 442 445 451 420 428 410 398 420 418 413 442
Operating Profit 57 64 72 71 68 76 84 91 100 112 97 101 106
OPM % 14% 14% 14% 14% 13% 15% 16% 18% 20% 21% 19% 20% 19%
13 9 37 11 4 4 12 17 30 5 8 3 12
Interest 9 8 5 4 4 3 4 1 2 2 2 2 3
Depreciation 8 8 8 7 7 7 7 7 7 8 11 10 11
Profit before tax 53 57 97 71 61 70 85 100 120 108 92 92 104
Tax % 20% 26% 4% 25% 26% 26% 26% 22% 24% 24% 23% 25% 25%
42 42 93 54 45 52 63 78 91 81 71 69 78
EPS in Rs 1.38 1.38 3.04 1.76 1.48 1.70 2.07 2.57 2.99 2.67 2.33 2.26 2.56
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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 2,109
2,515 2,662 3,138 3,140 2,901 1,639 1,795 1,222 1,159 1,559 1,744 1,646 1,692
Operating Profit 529 625 608 291 346 -252 -87 171 187 252 298 400 416
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 29
Interest 327 426 507 531 549 76 90 58 45 31 15 7 9
Depreciation 235 304 383 273 269 29 28 28 31 31 27 33 40
Profit before tax 10 -37 -344 -479 -355 -282 -176 596 126 253 287 421 396
Tax % 32% -30% -15% -12% 0% 0% -134% 34% 20% 17% 26% 23%
7 -26 -292 -419 -355 -282 59 395 101 211 214 322 299
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 9.82
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: 5%
Stock Price CAGR
10 Years: 28%
5 Years: 69%
3 Years: 58%
1 Year: 5%
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%

Shareholding Pattern

Numbers in percentages

7 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
49.26% 49.04% 48.70% 48.30% 48.27% 47.87% 47.51% 47.41% 46.04% 45.11% 43.54% 43.48%
8.69% 8.68% 8.89% 8.83% 9.50% 9.29% 12.03% 12.94% 14.78% 14.19% 14.61% 14.29%
0.05% 0.06% 0.04% 0.83% 2.12% 3.44% 3.86% 3.45% 3.60% 4.88% 7.44% 8.15%
42.00% 42.22% 42.37% 42.04% 40.12% 39.38% 36.60% 36.20% 35.57% 35.81% 34.40% 34.08%
No. of Shareholders 62,39765,58466,90166,04766,39371,45476,48281,19585,4471,00,1001,11,1931,50,403

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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