Usha Martin Ltd

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

Usha Martin Ltd

₹ 393 -0.27%
22 Nov - close price
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 wide range of Specialty wire ropes, High-quality wires, Low relaxation prestressed concrete steel strands, Bespoke end-fitments, accessories and related services. [1]

Website BSE NSE
  • Market Cap ₹ 11,973 Cr.
  • Current Price ₹ 393
  • High / Low ₹ 451 / 273
  • Stock P/E 28.0
  • Book Value ₹ 84.5
  • Dividend Yield 0.70 %
  • ROCE 22.1 %
  • ROE 19.2 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 52.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.9%

Cons

  • Promoter holding has decreased over last quarter: -1.57%

* 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 BSE Industrials BSE 400 MidSmallCap Index BSE Allcap BSE 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
594 712 767 759 820 834 855 814 785 797 829 826 891
509 612 660 641 705 707 701 669 640 640 678 672 730
Operating Profit 85 100 107 117 115 127 154 146 144 157 152 154 161
OPM % 14% 14% 14% 15% 14% 15% 18% 18% 18% 20% 18% 19% 18%
14 9 40 10 9 7 13 7 25 8 14 9 11
Interest 12 11 7 7 8 8 8 6 6 6 7 7 8
Depreciation 18 17 17 17 17 17 17 18 18 19 23 22 23
Profit before tax 69 81 122 103 100 110 142 129 144 140 136 135 141
Tax % 18% 20% 11% 20% 21% 23% 26% 22% 24% 23% 22% 23% 23%
58 67 109 82 79 84 105 101 110 108 106 104 109
EPS in Rs 1.89 2.20 3.57 2.69 2.59 2.75 3.45 3.31 3.59 3.53 3.49 3.42 3.60
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
3,622 4,074 4,561 4,112 3,882 2,066 2,488 2,154 2,097 2,688 3,268 3,225 3,344
3,006 3,357 3,845 3,771 3,493 2,253 2,512 1,922 1,818 2,304 2,754 2,627 2,720
Operating Profit 616 717 717 341 389 -188 -24 232 279 384 513 599 623
OPM % 17% 18% 16% 8% 10% -9% -1% 11% 13% 14% 16% 19% 19%
89 82 -63 32 120 77 17 537 29 75 40 53 42
Interest 338 440 522 547 564 92 114 74 57 42 30 25 27
Depreciation 264 333 418 308 300 60 61 64 68 70 67 77 86
Profit before tax 104 27 -287 -481 -355 -264 -181 630 183 346 455 550 552
Tax % 21% 50% -12% -11% 1% 2% -126% 33% 20% 16% 23% 23%
82 13 -251 -428 -358 -268 49 421 152 291 351 424 427
EPS in Rs 2.59 0.35 -8.31 -14.10 -11.78 -8.90 1.57 13.74 4.91 9.56 11.49 13.91 14.04
Dividend Payout % 6% -0% -0% -0% -0% -0% -0% -0% -0% 21% 22% 20%
Compounded Sales Growth
10 Years: -2%
5 Years: 5%
3 Years: 15%
TTM: 2%
Compounded Profit Growth
10 Years: 44%
5 Years: 53%
3 Years: 42%
TTM: 7%
Stock Price CAGR
10 Years: 30%
5 Years: 66%
3 Years: 65%
1 Year: 18%
Return on Equity
10 Years: 3%
5 Years: 20%
3 Years: 18%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,905 1,972 1,728 1,294 914 697 751 1,197 1,373 1,663 2,000 2,349 2,544
3,193 3,732 3,993 4,472 4,364 4,073 3,565 620 530 411 417 364 459
2,718 2,914 2,556 2,140 2,423 2,646 2,645 696 649 625 627 570 627
Total Liabilities 7,846 8,649 8,307 7,936 7,731 7,445 6,992 2,544 2,582 2,730 3,075 3,313 3,660
3,641 5,500 5,477 5,302 5,031 4,862 935 956 932 913 952 1,153 1,291
CWIP 1,294 373 132 147 121 113 13 33 45 38 139 166 151
Investments 0 0 0 46 37 39 42 44 48 56 66 56 59
2,911 2,775 2,698 2,441 2,542 2,432 6,001 1,511 1,557 1,722 1,917 1,938 2,160
Total Assets 7,846 8,649 8,307 7,936 7,731 7,445 6,992 2,544 2,582 2,730 3,075 3,313 3,660

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
429 1,144 729 856 686 914 974 212 214 159 252 444
-810 -1,050 -563 -385 -29 -35 -3 2,942 -34 57 -155 -285
243 18 -266 -491 -663 -872 -973 -3,105 -177 -161 -101 -159
Net Cash Flow -138 113 -100 -20 -5 7 -2 50 2 55 -4 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 58 47 39 55 64 119 48 51 57 56 56 61
Inventory Days 454 400 378 241 261 350 156 183 209 196 180 199
Days Payable 465 429 397 288 362 561 78 108 113 72 60 56
Cash Conversion Cycle 47 18 20 7 -37 -92 126 126 153 180 175 204
Working Capital Days 18 -28 -4 -40 -49 -117 19 96 122 123 116 126
ROCE % 9% 9% 6% 1% 3% -4% -1% 22% 13% 18% 21% 22%

Shareholding Pattern

Numbers in percentages

28 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.79% 49.26% 49.04% 48.70% 48.30% 48.27% 47.87% 47.51% 47.41% 46.04% 45.11% 43.54%
8.60% 8.69% 8.68% 8.89% 8.83% 9.50% 9.29% 12.03% 12.94% 14.78% 14.19% 14.61%
0.05% 0.05% 0.06% 0.04% 0.83% 2.12% 3.44% 3.86% 3.45% 3.60% 4.88% 7.44%
41.56% 42.00% 42.22% 42.37% 42.04% 40.12% 39.38% 36.60% 36.20% 35.57% 35.81% 34.40%
No. of Shareholders 65,07462,39765,58466,90166,04766,39371,45476,48281,19585,4471,00,1001,11,193

* 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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