Usha Martin Ltd Stock Price Today (NSE: USHAMART)
Fundamental Score
Usha Martin Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Usha Martin Ltd share price today is ₹495.95, down 3.01% on NSE/BSE as of 31 July 2026. Usha Martin Ltd (USHAMART) is a Mid-cap company in the Iron & Steel Products sector with a market capitalisation of ₹15.13K (Cr). The 52-week high for USHAMART share price is ₹527.50 and the 52-week low is ₹333.60. At a P/E ratio of 30.03x, USHAMART is currently trading above its industry average P/E of 22.88x. The company has a Return on Equity (ROE) of 16.64% and a debt-to-equity ratio of 0.07.
Usha Martin Ltd Share Price Chart — NSE/BSE Historical Performance
Usha Martin Ltd share price chart: 0.64% return over the past month. 52-week high ₹527.50, 52-week low ₹333.60.
Usha Martin Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹504.80 | ₹513.50 | ₹493.10 | ₹495.95 | 3.58L (Cr) | |
| ₹515.00 | ₹520.00 | ₹508.35 | ₹511.35 | 6.34L (Cr) | |
| ₹520.00 | ₹527.00 | ₹504.30 | ₹512.30 | 38.76L (Cr) | |
| ₹495.70 | ₹505.00 | ₹494.80 | ₹502.10 | 3.09L (Cr) | |
| ₹506.00 | ₹506.90 | ₹498.10 | ₹500.20 | 2.10L (Cr) | |
| ₹494.95 | ₹510.40 | ₹492.85 | ₹508.40 | 4.05L (Cr) | |
| ₹500.15 | ₹503.25 | ₹485.00 | ₹494.95 | 2.76L (Cr) | |
| ₹498.00 | ₹503.85 | ₹493.35 | ₹500.25 | 3.81L (Cr) | |
| ₹512.65 | ₹516.80 | ₹493.30 | ₹497.10 | 6.19L (Cr) | |
| ₹510.10 | ₹514.00 | ₹505.10 | ₹510.15 | 3.10L (Cr) |
Usha Martin Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹500.00 | ₹527.00 | ₹485.00 | ₹495.95 | -0.81% | |
| ₹506.00 | ₹527.50 | ₹460.00 | ₹496.90 | -1.80% | |
| ₹463.90 | ₹518.00 | ₹446.75 | ₹506.05 | +9.09% | |
| ₹410.15 | ₹472.00 | ₹390.00 | ₹451.80 | +10.15% | |
| ₹393.20 | ₹430.40 | ₹380.00 | ₹391.45 | -0.45% | |
| ₹417.25 | ₹443.25 | ₹393.65 | ₹418.40 | +0.28% | |
| ₹454.05 | ₹470.00 | ₹401.80 | ₹409.25 | -9.87% | |
| ₹426.00 | ₹467.00 | ₹411.35 | ₹454.00 | +6.57% | |
| ₹463.70 | ₹497.10 | ₹410.50 | ₹427.90 | -7.72% | |
| ₹459.35 | ₹488.35 | ₹436.00 | ₹464.85 | +1.20% | |
| ₹381.05 | ₹481.90 | ₹374.00 | ₹459.35 | +20.55% | |
| ₹368.15 | ₹395.80 | ₹333.60 | ₹381.50 | +3.63% |
AI Research Briefing
Powered by Gemini · 2026-04-09
Specialty wire rope play with improving margins, but steel price volatility and micro-cap liquidity risks temper enthusiasm.
WHAT'S HAPPENING NOW (last 2-4 weeks)
Usha Martin reported Q3 FY26 results with revenue at , a 6.6% YoY increase. Operating EBITDA improved by 23.3% YoY to , with margins expanding to 19.2%. Net profit grew by 16.7% to YoY. For 9M FY26, revenue stood at (+5.2% YoY) and EBITDA at
CORE STORY (THE REAL GAME)
Usha Martin is being priced as a specialty wire rope play, benefiting from a shift towards value-added products and improved operating leverage, not just a commodity steel producer.
- Q3 FY26 results show improved profitability and cash flow
- Wire segment outperformance offsets LRPC weakness
- Net cash position strengthens balance sheet
- Significant order wins in specialized ropes
- Further margin expansion through value-added products
- Debt reduction and improved ROCE
- Steel price volatility and raw material cost fluctuations
- Micro-cap exposes it to liquidity risk
- Dependence on specific end-markets
Promoter holding decreased by 0.69%, FII decreased by 0.15%, DII increased by 1.23% [cite: brief]
Indian steel industry shows strong growth, but profitability remains under pressure due to fluctuating raw material costs.
Yes - Free Cash Flow 5Y: ₹791.15 Cr [cite: brief]
Focus on value-added products and operating leverage to drive double-digit revenue growth and sustain EBITDA margins in the 19-20% range. Monitor steel prices and raw material costs closely.
Primary Thesis Risk
Steel price volatility can erode margins and derail growth.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Usha Martin Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Usha Martin Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of USHAMART across key market metrics for learning purposes.
Positive Indicators
11 factors identified
Strong Return on Equity (16.64%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (20.18%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Strong Operating Margins (17.12%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Robust Profit Growth (56.00%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Excellent EPS Growth (27.59% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (27.59% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.07)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (34.44x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Strong Cash Generation (₹1102.92 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Strong Institutional Confidence (FII+DII: 29.58%)
Observation: Significant professional investor participation.
Analysis: High institutional holding often signals thorough due diligence.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
0 factors identified
No significant concerns identified in current analysis.
Usha Martin Ltd vs Iron & Steel Products Peers
Peer Comparison - Iron & Steel Products
Compare Usha Martin Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Usha Martin LtdUsha Martin Ltd...Selected✓ USHAMART • 517146 | 69.7/100 | ₹495.95₹496 | ₹15127.41₹15127.41 | 30.03Average 30.0 Average | 16.64%Good 16.64% Good | 20.18%Excellent 20.18% Excellent | 0.07Excellent 0.1 Excellent | 27.59%Excellent 27.59% Excellent | 11.97%Good 11.97% Good | 0.60% |
Apl Apollo Tubes LtdApl Apollo Tube... APLAPOLLO • 533758 | 58.7/100 | ₹1819.50₹1820 | ₹50449.08₹50449.08 | 41.93Average 41.9 Average | 25.31%Excellent 25.31% Excellent | 31.64%Excellent 31.64% Excellent | 0.09Excellent 0.1 Excellent | 27.28%Excellent 27.28% Excellent | 22.11%Excellent 22.11% Excellent | 0.32% |
Welspun Corp LtdWelspun Corp Lt... WELCORP • 532144 | 64.3/100 | ₹1439.30₹1439 | ₹44413.13₹44413.13 | 27.56Average 27.6 Average | 19.42%Good 19.42% Good | 22.89%Excellent 22.89% Excellent | 0.26Excellent 0.3 Excellent | 20.91%Excellent 20.91% Excellent | 18.58%Excellent 18.58% Excellent | 0.30% |
Shyam Metalics and Energy LtdShyam Metalics ... SHYAMMETL • 543299 | 56.3/100 | ₹1031.30₹1031 | ₹28869.18₹28869.18 | 26.97Average 27.0 Average | 9.70%Poor 9.70% Poor | 13.01%Average 13.01% Average | 0.09Excellent 0.1 Excellent | 4.90%Average 4.90% Average | 24.12%Excellent 24.12% Excellent | 0.44% |
Ratnamani Metals & Tubes LtdRatnamani Metal... RATNAMANI • 520111 | 45.6/100 | ₹2358.90₹2359 | ₹18251.63₹18251.63 | 37.27Average 37.3 Average | 12.64%Average 12.64% Average | 17.92%Good 17.92% Good | 0.08Excellent 0.1 Excellent | 12.16%Good 12.16% Good | 14.35%Good 14.35% Good | 0.38% |
Godawari Power & Ispat LtdGodawari Power ... GPIL • 532734 | 57.1/100 | ₹242.40₹242 | ₹17056.25₹17056.25 | 20.95Average 20.9 Average | 15.20%Good 15.20% Good | 20.37%Excellent 20.37% Excellent | 0.08Excellent 0.1 Excellent | 4.99%Average 4.99% Average | 6.38%Good 6.38% Good | 0.39% |
Gallantt Ispat LtdGallantt Ispat ... GALLANTT • 532726 | 61.9/100 | ₹614.60₹615 | ₹16624.26₹16624.26 | 34.33Average 34.3 Average | 15.73%Good 15.73% Good | 18.23%Good 18.23% Good | 0.17Excellent 0.2 Excellent | 42.84%Excellent 42.84% Excellent | 34.42%Excellent 34.42% Excellent | 0.18% |
Jindal Saw LtdJindal Saw Ltd... JINDALSAW • 500378 | 50.8/100 | ₹256.95₹257 | ₹16352.11₹16352.11 | 25.02Average 25.0 Average | 8.20%Poor 8.20% Poor | 10.43%Average 10.43% Average | 0.37Excellent 0.4 Excellent | 25.27%Excellent 25.27% Excellent | 10.91%Good 10.91% Good | 0.78% |
Jayaswal Neco Industries LtdJayaswal Neco I... JAYNECOIND • 522285 | 47/100 | ₹86.03₹86 | ₹8896.22₹8896.22 | 18.90Average 18.9 Average | 18.05%Good 18.05% Good | 20.67%Excellent 20.67% Excellent | 0.74Good 0.7 Good | 23.24%Excellent 23.24% Excellent | 14.17%Good 14.17% Good | 0.00% |
Maharashtra Seamless LtdMaharashtra Sea... MAHSEAMLES • 500265 | 60.6/100 | ₹565.35₹565 | ₹7890.10₹7890.10 | 11.21Average 11.2 Average | 10.65%Average 10.65% Average | 14.29%Average 14.29% Average | 0.00Excellent 0.0 Excellent | 28.94%Excellent 28.94% Excellent | 15.16%Excellent 15.16% Excellent | 1.70% |
Sunflag Iron & Steel Co LtdSunflag Iron & ... SUNFLAG • 500404 | 38.2/100 | ₹365.30₹365 | ₹6248.07₹6248.07 | 30.01Average 30.0 Average | 2.36%Poor 2.36% Poor | 4.06%Poor 4.06% Poor | 0.06Excellent 0.1 Excellent | 8.17%Good 8.17% Good | 15.80%Excellent 15.80% Excellent | 0.22% |
Top Iron & Steel Products Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Apl Apollo Tubes Ltd share price50449.08 Cr
- Welspun Corp Ltd share price44413.13 Cr
- Shyam Metalics and Energy Ltd share price28869.18 Cr
- Ratnamani Metals & Tubes Ltd share price18251.63 Cr
- Godawari Power & Ispat Ltd share price17056.25 Cr
Usha Martin Ltd PE Ratio History
Historical price-to-earnings ratio for USHAMART — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹13.37 | ₹454.00 | 34x |
| FY 2024 | ₹13.92 | ₹376.30 | 27x |
| FY 2023 | ₹11.51 | ₹296.45 | 25.8x |
| FY 2022 | ₹9.56 | ₹172.20 | 18x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Usha Martin Ltd Dividend History
Annual cash dividends paid by USHAMART — dividend yield 0.60%
| Financial Year | Dividends Paid (₹ Cr) |
|---|---|
| FY 2025 | ₹83.80 Cr |
| FY 2024 | ₹76.19 Cr |
| FY 2023 | ₹60.95 Cr |
Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.
Usha Martin Ltd Quarterly Performance
Latest quarterly metrics for USHAMART — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
9.28%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
56.00%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
11.97%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
27.59%
Compounded annual net profit growth over 5 years
Usha Martin Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for USHAMART — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Usha Martin Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Usha Martin Ltd (USHAMART) — sourced from NSE/BSE filings.
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About USHAMART (Usha Martin Ltd)
Usha Martin Ltd is a global powerhouse in the iron and steel industry, deeply rooted in the manufacturing and distribution of specialized steel products. They are pioneers in craft...ing high-tensile steel wires, robust wire ropes, and precision-engineered strands, catering to diverse sectors from infrastructure and mining to automotive and energy. Each product is meticulously designed and manufactured to meet stringent international standards, offering unmatched strength, durability, and reliability. The company's commitment to innovation and technological advancement drives continuous improvement in their manufacturing processes, resulting in superior-quality products that withstand the most demanding operational environments. Usha Martin's unwavering focus on customer satisfaction and technical expertise solidifies its position as a trusted partner for industries seeking critical solutions for lifting, anchoring, and reinforcing applications. Usha Martin's product portfolio showcases a commitment to versatility and specialization. They offer a comprehensive range of steel wire ropes, each meticulously engineered for specific applications. These ropes, crucial components for lifting and hoisting, find extensive use in construction, mining, and material handling. The company's expertise also extends to specialized steel strands, acting as vital components in pre-stressed concrete structures, bridges, and other critical infrastructure projects. Additionally, Usha Martin produces a variety of high-performance steel wires, catering to diverse needs, including spring manufacturing, welding applications, and electrical conductivity. Their dedication to understanding and addressing the unique challenges faced by their clients leads to customized solutions that optimize performance and safety. Beyond its core product offerings, Usha Martin distinguishes itself through a strong focus on research and development and a commitment to sustainable practices. Their dedicated R&D team constantly explores new materials and manufacturing techniques to enhance product performance and reduce environmental impact. This emphasis on innovation allows Usha Martin to stay ahead of the curve, delivering cutting-edge solutions that meet the evolving needs of its customers. Through responsible sourcing, efficient resource management, and a focus on minimizing waste, Usha Martin demonstrates a deep commitment to environmental stewardship, ensuring a sustainable future for the industry and the communities it serves.
Company Details
Key Leadership
Corporate Events
USHAMART Share Price: Frequently Asked Questions
What is the current share price of Usha Martin Ltd?
Usha Martin Ltd (USHAMART) trades at ₹495.95 on NSE and BSE. Market cap ₹15.13K (Cr). Educational data only.
What is the P/E ratio of Usha Martin Ltd?
Usha Martin Ltd has a P/E of 30.03x vs industry average 22.88x.
What is the Bull Run score for Usha Martin Ltd?
Usha Martin Ltd has a Bull Run score of 69.7/100 based on 25+ financial parameters.
Does Usha Martin Ltd pay dividends?
Usha Martin Ltd has a dividend yield of 0.60%. Past dividends don't guarantee future payments.
What is the ROE of Usha Martin Ltd?
Usha Martin Ltd has ROE of 16.64%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Usha Martin Ltd?
Usha Martin Ltd has debt-to-equity of 0.07.
Is Usha Martin Ltd a good investment?
Bull Run gives Usha Martin Ltd a score of 69.7/100. This is not investment advice — consult a SEBI-registered advisor.