USHA MARTIN LTD. (USHAMART) financials

USHA MARTIN LTD. (USHAMART) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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: ₹14,972Cr.
Current Price: ₹491
Stock P/E: 35.9
ROE: 20.6%
ROCE: 28.6%
Book Value: ₹58.7
Dividend Yield: 0.76%
52W High / Low: ₹543/379

In Jun 2026, USHA MARTIN LTD. (USHAMART) reported sales ₹642 Cr and net profit ₹98 Cr.

Annual TTM: sales ₹2,414 Cr, net profit ₹380 Cr.

Shareholding: Promoters 40.28% (Jun 2026), FIIs 15.10% (Jun 2026), DIIs 15.26% (Jun 2026), Public 29.24% (Jun 2026), Others 0.11% (Jun 2026).

USHAMART quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	547	565	544	540	551	582	640	642
Expenses	442	450	444	444	436	456	474	504
Operating Profit	106	115	100	96	115	125	166	139
OPM %	19%	20%	18%	18%	21%	22%	26%	22%
Other Income	12	3	23	15	12	-10	15	6
Interest	3	3	3	2	1	1	0	1
Depreciation	11	12	13	14	14	14	15	16
Profit before tax	104	102	107	95	112	100	165	129
Tax %	25%	25%	27%	26%	29%	26%	22%	24%
Net Profit	78	77	78	71	80	74	128	98
EPS in Rs	2.56	2.53	2.57	2.33	2.61	2.44	4.22	3.20
Raw PDF	—	—	—	—	—	—	—	—

USHAMART profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,393	1,346	1,810	2,042	2,046	2,171	2,312	2,414
Expenses	1,222	1,154	1,559	1,744	1,646	1,749	1,811	1,870
Operating Profit	171	191	252	298	400	422	501	544
OPM %	12%	14%	14%	15%	20%	19%	22%	23%
Other Income	511	10	64	31	60	41	32	24
Interest	58	45	31	15	7	11	5	3
Depreciation	28	31	31	27	33	47	57	59
Profit before tax	596	126	253	287	421	405	471	505
Tax %	34%	20%	17%	26%	23%	25%	25%	—
Net Profit	395	101	211	214	322	302	353	380
EPS in Rs	12.97	3.30	6.93	7.01	10.57	9.92	11.59	12.47
Dividend Payout %	0%	0%	29%	36%	26%	30%	32%	—

USHAMART balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	31	31	31	31	31	31	31	31
Reserves	200	585	684	897	1,049	1,289	1,500	1,758
Borrowings	3,318	349	293	164	176	135	126	3
Other Liabilities	2,464	506	468	420	353	331	323	388
Total Liabilities	6,013	1,470	1,475	1,511	1,609	1,787	1,980	2,179
Fixed Assets	414	405	383	377	393	569	709	797
CWIP	9	30	38	36	134	126	71	85
Investments	151	151	151	151	151	151	151	151
Other Assets	5,439	884	903	948	931	941	1,048	1,146
Total Assets	6,013	1,470	1,475	1,511	1,609	1,787	1,980	2,179

USHAMART cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	969	145	111	185	142	301	313	445
Cash from Investing Activity	-44	2,923	-11	69	-122	-173	-106	-316
Cash from Financing Activity	-927	-3,072	-101	-161	-66	-124	-115	-228
Net Cash Flow	-2	-4	-1	93	-46	4	92	-99
Free Cash Flow	917	114	95	216	7	92	190	328
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-1,118%	95%	56%	62%	71%	98%	95%	102%

USHAMART shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	43.54%	43.48%	43.90%	42.45%	41.75%	40.52%	40.52%	40.28%
FIIs	14.61%	14.29%	14.25%	14.29%	14.14%	14.62%	14.77%	15.10%
DIIs	7.44%	8.14%	9.25%	11.06%	12.29%	14.11%	14.81%	15.26%
Public	34.40%	34.08%	32.53%	32.15%	31.74%	30.63%	29.80%	29.24%
Others	0.00%	0.00%	0.06%	0.06%	0.06%	0.11%	0.11%	0.11%
No. of Shareholders	1,11,193	1,50,403	1,18,564	1,14,349	1,04,821	1,04,397	1,01,177	1,04,425

USHAMART key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	46	48	59	50	37	51	45	43
Inventory Days	81	100	114	97	109	101	106	99
Days Payable	73	116	107	57	37	32	34	40
Cash Conversion Cycle	55	32	66	89	108	120	117	102
Working Capital Days	-194	34	57	65	69	80	75	73
ROCE %	-2%	8%	18%	24%	26%	32%	27%	29%

USHAMARTUpdated 19 Oct 2026, 6:17

Usha Martin Ltd.

USHAMARTUpdated 19 Oct 2026, 6:17

Market Cap

₹14,972Cr.

Current Price

₹491

High / Low

₹543/379

Stock P/E

35.9

ROE20.6%

ROCE28.6%

Book Value₹58.7

Face Value₹1.00

Dividend Yield0.76%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	501	1	410	17	7	100	22	78	2.57
Sep 2023	498	2	398	30	7	120	24	91	2.99
Dec 2023	532	2	420	5	8	108	24	81	2.67
Mar 2024	515	2	418	8	11	92	23	71	2.33
Jun 2024	514	2	413	3	10	92	25	69	2.26
Sep 2024	547	3	442	12	11	104	25	78	2.56
Dec 2024	565	3	450	3	12	102	25	77	2.53
Mar 2025	544	3	444	23	13	107	27	78	2.57
Jun 2025	540	2	444	15	14	95	26	71	2.33
Sep 2025	551	1	436	12	14	112	29	80	2.61
Dec 2025	582	1	456	-10	14	100	26	74	2.44
Mar 2026	640	0	474	15	15	165	22	128	4.22
Jun 2026	642	1	504	6	16	129	24	98	3.2

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	3746	507	3138	-62	383	-344	-15	-292	-9.6
Mar 2016	3432	531	3140	34	273	-479	-12	-419	-13.77
Mar 2017	3247	549	2901	117	269	-355	0	-355	-11.65
Mar 2018	1387	76	1639	75	29	-282	0	-282	-9.26
Mar 2019	1708	90	1795	30	28	-176	-134	59	1.94
Mar 2020	1393	58	1222	511	28	596	34	395	12.97
Mar 2021	1346	45	1154	10	31	126	20	101	3.3
Mar 2022	1810	31	1559	64	31	253	17	211	6.93
Mar 2023	2042	15	1744	31	27	287	26	214	7.01
Mar 2024	2046	7	1646	60	33	421	23	322	10.57
Mar 2025	2171	11	1749	41	47	405	25	302	9.92
Mar 2026	2312	5	1811	32	57	471	25	353	11.59
TTM	2414	3	1870	24	59	505	—	380	12.47

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	40.28%
FIIs	15.1%
DIIs	15.26%
Public	29.24%
Others	0.11%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public	Others
Sep 2023	47.51%	12.03%	3.86%	36.6%	0%
Dec 2023	47.41%	12.94%	3.45%	36.2%	0%
Mar 2024	46.04%	14.78%	3.6%	35.57%	0%
Jun 2024	45.11%	14.19%	4.88%	35.81%	0%
Sep 2024	43.54%	14.61%	7.44%	34.4%	0%
Dec 2024	43.48%	14.29%	8.14%	34.08%	0%
Mar 2025	43.9%	14.25%	9.25%	32.53%	0.06%
Jun 2025	42.45%	14.29%	11.06%	32.15%	0.06%
Sep 2025	41.75%	14.14%	12.29%	31.74%	0.06%
Dec 2025	40.52%	14.62%	14.11%	30.63%	0.11%
Mar 2026	40.52%	14.77%	14.81%	29.8%	0.11%
Jun 2026	40.28%	15.1%	15.26%	29.24%	0.11%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	31	1196	3685	2334	7246	4884	49	168	2145	7246
Mar 2016	31	782	4146	1911	6869	4753	68	154	1894	6869
Mar 2017	31	425	4091	2210	6757	4523	45	151	2039	6757
Mar 2018	31	143	3803	2446	6422	4325	29	151	1918	6422
Mar 2019	31	200	3318	2464	6013	414	9	151	5439	6013
Mar 2020	31	585	349	506	1470	405	30	151	884	1470
Mar 2021	31	684	293	468	1475	383	38	151	903	1475
Mar 2022	31	897	164	420	1511	377	36	151	948	1511
Mar 2023	31	1049	176	353	1609	393	134	151	931	1609
Mar 2024	31	1289	135	331	1787	569	126	151	941	1787
Mar 2025	31	1500	126	323	1980	709	71	151	1048	1980
Mar 2026	31	1758	3	388	2179	797	85	151	1146	2179

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	644	-467	-270	-94
Mar 2016	766	-306	-496	-35
Mar 2017	605	-12	-592	1
Mar 2018	884	-26	-852	6
Mar 2019	969	-44	-927	-2
Mar 2020	145	2923	-3072	-4
Mar 2021	111	-11	-101	-1
Mar 2022	185	69	-161	93
Mar 2023	142	-122	-66	-46
Mar 2024	301	-173	-124	4
Mar 2025	313	-106	-115	92
Mar 2026	445	-316	-228	-99

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	32	48	61	147	46	48	59	50	37	51	45	43
Inventory Days	391	223	248	347	81	100	114	97	109	101	106	99
Days Payable	481	322	414	732	73	116	107	57	37	32	34	40
Cash Conversion Cycle	-58	-50	-105	-239	55	32	66	89	108	120	117	102
Working Capital Days	-111	-149	-182	-471	-194	34	57	65	69	80	75	73
ROCE %	5%	1%	3%	-6%	-2%	8%	18%	24%	26%	32%	27%	29%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of USHA MARTIN LTD. (USHAMART)?

The reported market capitalisation for USHA MARTIN LTD. (USHAMART) is ₹14,972Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of USHAMART?

The current price shown for USHA MARTIN LTD. (USHAMART) on Fincrux is ₹491 with a 52-week high/low of ₹543/379.

What is the P/E ratio of USHA MARTIN LTD. (USHAMART)?

The stock P/E for USHA MARTIN LTD. (USHAMART) is 35.9 on Fincrux, with ROE at 20.6% and ROCE at 28.6%.

What were USHAMART latest quarterly results?

For Jun 2026, USHA MARTIN LTD. (USHAMART) reported sales ₹642 Cr and net profit ₹98 Cr (figures in ₹ crore unless noted).

What are USHAMART annual sales and net profit?

For TTM, USHA MARTIN LTD. (USHAMART) shows sales of ₹2,414 Cr and net profit of ₹380 Cr on the Fincrux profit & loss statement.

Who owns USHA MARTIN LTD. (USHAMART)?

Latest shareholding for USHA MARTIN LTD. (USHAMART) on Fincrux: Promoters 40.28% (Jun 2026), FIIs 15.10% (Jun 2026), DIIs 15.26% (Jun 2026), Public 29.24% (Jun 2026), Others 0.11% (Jun 2026).

Where can I find USHA MARTIN LTD. (USHAMART) financials?

USHA MARTIN LTD. (USHAMART) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show USHAMART balance sheet and cash flow?

Yes. The USHA MARTIN LTD. (USHAMART) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 19 October 2026 at 6:17