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Earnings Call

Usha Martin Earnings Call: Key Takeaways

Usha Martin delivered record EBITDA margins of 21.6% in Q4FY26 despite Middle East geopolitical headwinds, shifting heavily toward high-value specialized ropes.

Why this was an Alfa AlertNot a filter event. Results were strong but met rather than significantly exceeded specific prior guidance.
Highlights
Revenue growth9.3% YoY growth in Q4, 6.2% for full FY26.
MarginsStructural expansion to 21.6% via high-value product mix shift.
Order bookOrder book visibility for next 6 months remains healthy.
Demand visibilityStrong visibility in Europe and Americas for oil, offshore, and mining.
Management confidenceConfident, highlighting resilience of the diversified global business model.

Growth

Revenue grew 9.3% YoY in Q4; international markets now comprise 57% of total top-line.

Outlook

Targeting 10-12% volume growth and 20%+ EBITDA margins for FY27.

Risks

Middle East conflict delayed projects, reducing regional volumes by 900 tons; rising steel/gas costs.

Source

Earnings Call filed with BSE, NSE: USHAMART. Summary written with AI assistance from the document.

Read the document ↗

Usha Martin Ltd: key numbers

Share price
₹518.80
Market cap
₹15,810 Cr
Revenue (annual)
₹3,691 Cr
Net profit (annual)
₹466.0 Cr
P/E (TTM)
31.2×Sector 19.0×
Promoter holding
40.28%-0.24% QoQ
FII holding
15.10%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Usha Martin Ltd

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16:58 IST BSE
Merger & Restructuring

Usha Martin Merger & Restructuring

Usha Martin Limited executed a Business Transfer Agreement to sell the business undertaking of its subsidiary, U M Cables Limited, to R R Kabel Limited.

21:46 IST BSE
Merger & Restructuring

Usha Martin Merger & Restructuring Worth ₹77 Cr

Usha Martin Ltd has approved the slump sale of its wholly-owned subsidiary's (U M Cables Limited) business undertaking to R R Kabel Limited for ₹77 Crore.

Value
₹77.00 Cr
From
R R Kabel Limited
20:34 IST BSE
Promoter Selling

Usha Martin Promoter Selling: ₹10.64 Cr

Peterhouse Investments Limited, a promoter group entity, sold 200,000 equity shares of Usha Martin Ltd for Rs. 10.64 Crore via open market operations.

Value
₹10.64 Cr
Promoter stake change
-0.06%
20:26 IST BSE
Other Announcement

Usha Martin Other Announcement

Usha Martin Ltd has been assigned an ESG rating of 67.9 by SES ESG Research Private Limited, based on public data for FY 2025-26.

19:21 IST BSE
Promoter Selling

Usha Martin Promoter Selling: ₹1.19 Cr

Nidhi Rajgarhia, part of the Promoter Group, sold 24,000 equity shares of Usha Martin Ltd in the open market for Rs. 1.19 Crore.

Value
₹1.19 Cr
15:34 IST BSE
Promoter Selling

Usha Martin Promoter Selling

Promoter Nidhi Rajgarhia sold 24,000 equity shares of Usha Martin Ltd in an open market transaction. The sale reduces her promoter stake in the company.

Promoter stake change
-0.01%