ALFA Finder| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | Q2 +12.4%, H1 +14.8% YoY; price and mix-led, volumes flat. |
|---|---|
| Margins | EBITDA margin 20.2% vs 19.5%, +70bps; H1 20.3% vs 18.1%. |
| Order book | Multi-year port contract won; LRPC project quotes pending, no order-book figure. |
| Demand visibility | Domestic wire rope demand healthy; Middle East and GP rope demand weak. |
| Management confidence | Upbeat, but hedged on H2 volumes; repeatedly says environment 'uncertain'. |
Growth
Q2 revenue +12.4% YoY; H1 +14.8%. Growth is mix and realisation-led, with H1 wire rope volumes flat and LRPC down about 17%.
Outlook
Reiterates FY27 targets: 15% revenue growth, about 20% EBITDA margin, about 100% cash conversion. Elevator rope capacity fully operational by Q1 FY28.
Risks
Middle East volumes down about 30%; freight up 4–6x; weak GP rope demand; H2 volume recovery unquantified and hedged as 'uncertain'.
Earnings Call Transcript filed with NSE, NSE: USHAMART. Summary written with AI assistance from the document.
Usha Martin Ltd: key numbers
- Share price
- ₹481.75
- Market cap
- ₹14,681 Cr
- Revenue (annual)
- ₹3,691 Cr
- Net profit (annual)
- ₹466.0 Cr
- P/E (TTM)
- 27.9×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 Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue Rs 1,000 cr (+12.4% YoY), operating EBITDA Rs 202 cr (+16.5%), margin 20.2%, PAT Rs 136 cr (+5.8%). Focus on specialised wire rope capacity.
Usha Martin Results Update
Usha Martin reported unaudited Q2 FY27 and half-year results, with revenue growth and improved operating margins. Investors get a press release summarising quarter and half-year performance.
Usha Martin Q2 FY27 Results: Net Profit ₹129.3 Cr, Up 17.8% YoY
Usha Martin Ltd reported revenue from operations of ₹1,000 Cr (+12.4% YoY) and net profit of ₹129.3 Cr (+17.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹129.3 Cr · +17.8% YoY
Usha Martin Board Meeting Date
Usha Martin Ltd notified a board meeting on 13 November 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026. The trading window stays closed for designated persons until 48 hours after results.
Usha Martin Other Announcement
Usha Martin disclosed a voluntary ESG rating of 69.57 assigned by Niche99, a SEBI-registered ESG Rating Provider, based on FY 2025-26 public data. The company did not engage the provider and the rating was not commissioned.
Usha Martin Merger & Restructuring Worth ₹77 Cr
Usha Martin completed the Rs. 77 Crore slump sale of U M Cables' optical fibre business to R R Kabel. Transfer took effect 31 October 2026.
- Value
- ₹77.00 Cr