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Usha Martin share price & results

Usha Martin· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Global specialty wire rope manufacturer serving oil & gas, mining, cranes, elevators and infrastructure in 75+ countries.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,033 ₹ crore+16.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin20.0 %+4.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit142 ₹ crore+40.6% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity18.04 %−0.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin13.25 %+7.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)8.54 %−1.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 5 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.

Usha Martin management guidance track record on Inve: 16 targets tracked across analysed earnings calls (4 achieved, 1 missed, 11 open).

TargetOriginal wordingSaidLatest callVerdict
EBITDA Marginminimum of 18% is our target for next year
Call transcript, Q4 FY25 · 13 May 2025		Q4 FY25Q1 FY27:Promise related to FY26, which has been achieved and concluded.
Call transcript, Q1 FY27 · 28 Jul 2026		Achieved
Working Capital Daysreduce this further by at least 10 days over the few quarters
Call transcript, Q1 FY26 · 19 Aug 2025		Q1 FY26Q1 FY27:No mention of working capital days after missing the target in FY26.
Call transcript, Q1 FY27 · 28 Jul 2026		Ghosted
Capexclose to INR 300 crore to INR 350 crore a year
Call transcript, Q2 FY26 · 14 Nov 2025		Q2 FY26Q1 FY27:Revised annual capex guidance up to INR 250-300 crore for FY27 alone, from previous guidance of INR 300 crore over two years.
Call transcript, Q1 FY27 · 28 Jul 2026		Revised Up

Source: Inve Guidance Tracker for Usha Martin · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Usha Martin's 16 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Price

₹465.15 +1.11% · +₹5.1

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +3.7% 1Y

₹400₹450₹500Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 30 Jan 2026Q4 FY26 — 30 Apr 2026Q1 FY27 — 28 Jul 2026

1Y: ₹448.4 on 24 Oct 2025 → ₹465.15. High ₹535.05 (23 Sept 2026), low ₹387.35 (23 Mar 2026).

Previous close
₹460.05
Market cap
₹14.2k Cr
52-week range
₹387.35 – ₹535.05
One year
+2.05%
Price to earnings (TTM to Jun 2026)
25.96×
Return on equity (TTM to Jun 2026)
18.04%

Overview

Symbol
NSE:USHAMART
Industry
Industrials
Exchange
NSE
Currency
INR

What Usha Martin does

Based on the company's own presentations, annual report and earnings calls.

Usha Martin Limited manufactures speciality steel wire ropes, wires and LRPC (low relaxation prestressing concrete) strands for mission-critical applications in oil & gas, mining, cranes, elevators, construction, ports, marine and fishing. It earns revenue by selling engineered, high-performance rope and strand solutions, along with bespoke end-fittings and accessories, to industrial and infrastructure customers worldwide. Manufacturing is carried out across facilities in India, the UK, Dubai and Thailand, supported by Global R&D/Development centres, with products delivered through a network of distribution centres, channel partners and rigging centres located near end customers in key overseas markets.

Segments

  • Wire Rope
  • Wire
  • LRPC (Low Relaxation Prestressing Concrete) Strands
Manufacturing facilities
7 (across India, UK, Dubai & Thailand)
Total employees globally
~3,177
Countries with active market presence
75+
Group distribution centres and channel partners
250+
Global R&D / development centres
Italy and Ranchi
Manufacturing locations
Ranchi, Hoshiarpur (India), Dubai (UAE), Bangkok (Thailand), United Kingdom
Founded 1960Headquarters Kolkata, India Company website

How the price took the results

close before → close after

Q1 FY27
+2.0%
28 Jul
Q4 FY26
−2.2%
30 Apr
Q3 FY26
+0.2%
30 Jan
Q2 FY26
+2.5%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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