| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | 16.4% YoY growth reaching ₹1,033 crore quarterly milestone. |
|---|---|
| Margins | Structural expansion to 20.1% EBITDA margin via premium product shift. |
| Demand visibility | Strong domestic and Western demand; Middle East remains uncertain/delayed. |
| Management confidence | High; emphasizing resilience of value-added mix against regional volume drops. |
Growth
Value outpaced volume; wire ropes value grew 18% YoY despite lower volumes. EBITDA margins expanded 380bps to 20.1%.
Outlook
Guided 10-12% volume growth and 15% value growth for FY27. Capex of ₹250-300Cr planned.
Risks
28% volume decline in Middle East due to geopolitical conflict; rising wire rod and zinc costs.
Last quarter's promises, checked
Delivered
- Guided 18-19% margin → delivered 21.6% (= BEAT)
- Guided net cash position → delivered ₹332Cr net cash (= BEAT)
- Guided standalone debt-free status → delivered 100% debt-free standalone (= BEAT)
Partly delivered
- Guided plasticated LRPC approvals → delivered progress but still pending final orders (= PARTIAL)
Missed
- Guided 10-12% volume growth → delivered 5% in ropes (= MISS)
Earnings Call Transcript filed with BSE, NSE: USHAMART. Summary written with AI assistance from 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
All →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.
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
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%
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.
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
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%