Usha Martin Limited
USHAMART · 517146 · Industrials · Iron & Steel Products
- Market cap
- Rs 14,093 Cr
- P/E
- 26.44x
- P/B
- 4.27x
- 52W high / low
- Rs 542.6 / Rs 380
About Usha Martin
Usha Martin Limited is listed on the NSE under the symbol USHAMART and on the BSE under scrip code 517146. It is classified in the Industrials sector, industry: Iron & Steel Products. It is a constituent of BSE 500, NIFTY 500 and NIFTY Smallcap 250. The company listed on 11 Oct 2000 and has a face value of Rs 1.
The latest available end-of-day price is Rs 461.9 (−0.47% on the day), for a market capitalisation of Rs 14,093 Cr. Trailing P/E is 26.44x and price-to-book is 4.27x. The 52-week range is Rs 380 to Rs 542.6. The latest price is 50% of the way from the 52-week low to the 52-week high.
Against the 15-company comparison set from the official BSE basic industry Iron & Steel Products, its market capitalisation is 1.4 times the peer median of Rs 10,362 Cr, and its P/E of 26.44x compares with a peer median of 28.09x. The comparison set is chosen mechanically from the exchange classification; it is not a ranking.
Latest annual results
For FY26 (year ended 31 Mar 2026), Usha Martin Limited reported revenue of Rs 3,691 Cr and net profit of Rs 466 Cr, with a net margin of 12.63% and earnings per share of Rs 15.3 (consolidated statements).
Year-on-year change: revenue +7.01%; net profit +14.76%; EPS +14.44%. Three-year compound annual growth rate: revenue +4.49%; net profit +9.97%.
At the same date the balance sheet shows total assets of Rs 4,212 Cr, shareholders' equity of Rs 3,302 Cr, total debt of Rs 146 Cr, cash of Rs 242 Cr, a debt-to-equity ratio of 0.04 and operating cash flow of Rs 655 Cr.
On a trailing-twelve-month basis the filings add up to revenue of Rs 3,837 Cr, net income of Rs 508 Cr and a net margin of 13.23%.
Shareholding pattern
In the shareholding pattern for 30 Sept 2026, Usha Martin Limited's ownership is split: promoters 40.09%; foreign institutional investors (FIIs) 15.34%; domestic institutional investors (DIIs) 17.34%; retail and other shareholders 27.12%.
Compared with the filing for 30 Jun 2026: promoter holding −0.19 percentage points; FII holding +0.24 percentage points; DII holding +2.08 percentage points.
The same filing lists reported promoter pledge of 0.00% and 1,07,845 shareholders on record.
Recent filings and corporate actions
115 BSE corporate announcements were filed by Usha Martin Limited in the past twelve months; the most frequent category is "Company Update" (60). The most recent is "Disclosure of ESG Rating assigned voluntarily by NSE Sustainability Ratings and Analytics Limited." (Company Update), filed on 15 Oct 2026.
The disclosed corporate-action timeline lists 5 entries: dividend (5). The latest is a dividend (Final Dividend - Rs. - 3.7500) with ex-date 13 Aug 2026.
Figures are raw disclosures from official NSE/BSE and SEBI filings plus mechanically computed ratios, restated in words. This is research data, not investment advice, a rating or a recommendation; DalalOS is not a SEBI-registered investment advisor.
More
Peer comparison
Official BSE basic industry: Iron & Steel Products. Limited to companies within a 0.1x–10x market-cap band.
Edit columns
| Welspun Corp Limited | Rs 2,499.1 | Rs 65,926 Cr | Rs 17,754 Cr | Rs 2,371 Cr | 27.83x | 28.50% |
| APL Apollo Tubes Limited | Rs 2,195 | Rs 60,955 Cr | Rs 24,834 Cr | Rs 1,310 Cr | 46.67x | 27.56% |
| Shyam Metalics and Energy Limited | Rs 1,141.6 | Rs 31,780 Cr | Rs 19,771 Cr | Rs 1,120 Cr | 28.36x | 8.13% |
| Ratnamani Metals & Tubes Limited | Rs 2,328 | Rs 16,317 Cr | Rs 4,423 Cr | Rs 514 Cr | 37.69x | 11.17% |
| Jindal Saw Limited | Rs 237.6 | Rs 15,195 Cr | Rs 18,360 Cr | Rs 601 Cr | 23.18x | 5.45% |
| Usha Martin LimitedThis company | Rs 461.9 | Rs 14,093 Cr | Rs 3,899 Cr | Rs 508 Cr | 26.44x | 16.75% |
| Gallantt Ispat Limited | Rs 572 | Rs 13,819 Cr | Rs 4,646 Cr | Rs 407 Cr | 33.87x | 13.23% |
| Godawari Power And Ispat limited | Rs 194.61 | Rs 12,007 Cr | Rs 5,913 Cr | Rs 808 Cr | 14.84x | 15.08% |
| Jayaswal Neco Industries Limited | Rs 89.77 | Rs 8,717 Cr | Rs 8,025 Cr | Rs 689 Cr | 12.64x | 26.40% |
| Sunflag Iron And Steel Company Limited | Rs 406.35 | Rs 7,323 Cr | Rs 4,013 Cr | Rs 206 Cr | 35.58x | 2.33% |
| Maharashtra Seamless Limited | Rs 544.85 | Rs 7,301 Cr | Rs 5,022 Cr | Rs 737 Cr | 9.90x | 11.16% |
| Aeroflex Industries Limited | Rs 538.35 | Rs 7,124 Cr | Rs 601 Cr | Rs 89.5 Cr | 78.94x | 9.26% |
| Man Industries (India) Limited | Rs 802.45 | Rs 6,018 Cr | Rs 3,884 Cr | Rs 204 Cr | 29.01x | 11.06% |
| Shivalik Bimetal Controls Limited | Rs 1,036 | Rs 5,968 Cr | Rs 630 Cr | Rs 106 Cr | 56.24x | 23.92% |
| Technocraft Industries (India) Limited | Rs 2,563.8 | Rs 5,813 Cr | Rs 3,035 Cr | Rs 348 Cr | 17.12x | 17.90% |
| Median | Rs 673.65 | Rs 10,362 Cr | Rs 4,723 Cr | Rs 558 Cr | 28.09x | 13.13% |
Peers are selected mechanically from the official BSE industry hierarchy and current market-cap band. This is a comparison set, not a ranking or recommendation.
Companies related to Usha Martin
Same official industry (Iron & Steel Products)
- Welspun Corp LimitedWELCORP · Market cap Rs 65,926 Cr
- APL Apollo Tubes LimitedAPLAPOLLO · Market cap Rs 60,955 Cr
- Shyam Metalics and Energy LimitedSHYAMMETL · Market cap Rs 31,780 Cr
- Ratnamani Metals & Tubes LimitedRATNAMANI · Market cap Rs 16,317 Cr
- Jindal Saw LimitedJINDALSAW · Market cap Rs 15,195 Cr
- Gallantt Ispat LimitedGALLANTT · Market cap Rs 13,819 Cr
- Godawari Power And Ispat limitedGPIL · Market cap Rs 12,007 Cr
- Jayaswal Neco Industries LimitedJAYNECOIND · Market cap Rs 8,717 Cr
Other Industrials companies of a similar market capitalisation
- BEML LimitedBEML · Market cap Rs 16,457 Cr
- Elgi Equipments LimitedELGIEQUIP · Market cap Rs 16,202 Cr
- Triveni Turbine LimitedTRITURBINE · Market cap Rs 14,933 Cr
- Engineers India LimitedENGINERSIN · Market cap Rs 14,678 Cr
- Zen Technologies LimitedZENTEC · Market cap Rs 14,641 Cr
- Graphite India LimitedGRAPHITE · Market cap Rs 14,575 Cr
- Tega Industries LimitedTEGA · Market cap Rs 13,265 Cr
- Action Construction Equipment LimitedACE · Market cap Rs 12,232 Cr
Companies are grouped mechanically from the exchange classification and listed by market capitalisation. This is a comparison set, not a ranking or recommendation.