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Earnings Call

Usha Martin Earnings Call: Key Takeaways

Usha Martin reported strong FY26 results with 19.1% EBITDA margins and a shift to net cash position. Strategy focuses on high-value international rope segments and efficiency via the 'One Usha Martin' program.

Why this was an Alfa AlertNot a filter event. Results and margins are in line with or slightly above internal benchmarks, not a 5%+ beat of explicit prior upper-end guidance.
Highlights
Revenue growthFY26 revenue grew 6.2% YoY to ₹3,691 crore.
MarginsTargeting 20% minimum operating margin going forward.
Order bookHealthy visibility for next 6 months; 85% from replacement market.
Demand visibilityStrong visibility for H1 FY27 based on current order book.
Management confidenceHigh; citing resilience and strong demand in Europe and Americas.

Growth

FY26 revenue up 6.2% to ₹3,691cr; Operating EBITDA grew 18% to ₹705cr. Q4 EBITDA margin reached 21.6%.

Outlook

Guidance of 10-12% volume growth and 20%+ EBITDA margins. Planned ₹300cr capex over next two years.

Risks

Middle East geopolitical conflict impacting regional volumes and supply chains; rising steel and gas input costs.

Source

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

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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%