ALFA Finder| 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
- ₹493.00
- Market cap
- ₹15,024 Cr
- Revenue (annual)
- ₹3,691 Cr
- Net profit (annual)
- ₹466.0 Cr
- P/E (TTM)
- 29.6×Sector 17.1×
- Promoter holding
- 40.09%-0.19% QoQ
- FII holding
- 15.34%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 Board Meeting Date
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- Value
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Usha Martin Merger & Restructuring
Usha Martin reports completion of its subsidiary U M Cables' business slump sale to R R Kabel, effective 31 October 2026. No consideration amount is disclosed.
Usha Martin Other Announcement
Usha Martin Ltd filed its quarterly shareholding pattern under Regulation 31(1)(b) for the quarter ended September 30, 2026, detailing promoter and public shareholding statistics.
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.