Usha Martin Limited

Usha Martin Limited (USHAMART) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

ushamartin.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-09-02

Stock price
₹501.60
Market cap
15,283 Cr
Stock P/E
30.2
P/B
4.63
Dividend yield
0.6%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales785 Cr797 Cr829 Cr826 Cr891 Cr861 Cr896 Cr887 Cr908 Cr917 Cr979 Cr1,033 Cr
Operating expenses (approx.)640 Cr640 Cr678 Cr672 Cr730 Cr718 Cr757 Cr743 Cr735 Cr741 Cr768 Cr825 Cr
EBITDA144 Cr157 Cr152 Cr154 Cr161 Cr143 Cr140 Cr145 Cr173 Cr176 Cr212 Cr208 Cr
OPM %18.4%19.7%18.3%18.6%18.0%16.6%15.6%16.3%19.1%19.2%21.6%20.1%
Other income21 Cr6 Cr9 Cr5 Cr7 Cr4 Cr24 Cr15 Cr23 Cr4 Cr27 Cr9 Cr
Interest6 Cr6 Cr7 Cr7 Cr8 Cr9 Cr7 Cr6 Cr5 Cr5 Cr4 Cr4 Cr
Depreciation18 Cr19 Cr23 Cr22 Cr23 Cr26 Cr28 Cr29 Cr28 Cr29 Cr31 Cr34 Cr
Profit before tax144 Cr140 Cr136 Cr135 Cr141 Cr118 Cr133 Cr130 Cr150 Cr138 Cr190 Cr184 Cr
Tax %24.2%23.0%22.0%22.9%22.7%21.6%24.2%22.2%26.8%21.8%25.9%22.9%
Net profit110 Cr108 Cr106 Cr104 Cr109 Cr92 Cr101 Cr101 Cr110 Cr108 Cr148 Cr142 Cr
EPS (₹)₹3.59₹3.53₹3.49₹3.42₹3.59₹3.04₹3.32₹3.31₹3.61₹3.53₹4.85₹4.66

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,470 Cr2,154 Cr2,097 Cr2,688 Cr3,268 Cr3,225 Cr3,474 Cr3,691 CrSign in for TTM
Operating expenses (approx.)2,173 Cr1,922 Cr1,818 Cr2,304 Cr2,754 Cr2,627 Cr2,877 Cr2,986 CrSign in for TTM
EBITDA296 Cr232 Cr279 Cr384 Cr513 Cr599 Cr597 Cr705 CrSign in for TTM
OPM %12.0%10.8%13.3%14.3%15.7%18.6%17.2%19.1%Sign in for TTM
Other income40 Cr53 Cr33 Cr35 Cr28 Cr40 Cr39 Cr69 CrSign in for TTM
Interest114 Cr74 Cr57 Cr42 Cr30 Cr25 Cr30 Cr20 CrSign in for TTM
Depreciation61 Cr64 Cr68 Cr70 Cr67 Cr77 Cr98 Cr116 CrSign in for TTM
Profit before tax-178 Cr631 Cr188 Cr346 Cr455 Cr550 Cr527 Cr594 CrSign in for TTM
Tax %127.7%33.2%19.4%15.8%23.0%22.8%22.9%25.0%Sign in for TTM
Net profit49 Cr421 Cr152 Cr291 Cr351 Cr424 Cr406 Cr466 CrSign in for TTM
EPS (₹)₹1.57₹13.75₹4.91₹9.56₹11.51₹13.92₹13.37₹15.30Sign in for TTM
Dividend payout %———0.0%17.4%18.0%20.6%19.6%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr
Reserves751 Cr1,197 Cr1,373 Cr1,663 Cr2,000 Cr2,349 Cr2,721 Cr3,271 Cr
Borrowings—538 Cr——355 Cr298 Cr338 Cr146 Cr
Other liabilities6,229 Cr757 Cr1,202 Cr1,049 Cr697 Cr648 Cr659 Cr764 Cr
Total liabilities7,011 Cr2,561 Cr2,605 Cr2,743 Cr3,087 Cr3,330 Cr3,748 Cr4,212 Cr
Fixed assets (net)—884 Cr——891 Cr1,024 Cr1,265 Cr1,480 Cr
CWIP—33 Cr——139 Cr166 Cr117 Cr89 Cr
Investments—51 Cr——69 Cr56 Cr68 Cr79 Cr
Loans & advances—0.94 Cr——2 Cr1 Cr2 Cr2 Cr
Inventories—615 Cr——890 Cr890 Cr985 Cr958 Cr
Trade receivables—298 Cr——500 Cr539 Cr528 Cr643 Cr
Cash & bank—97 Cr——150 Cr150 Cr261 Cr242 Cr
Other assets7,011 Cr581 Cr2,605 Cr2,743 Cr445 Cr504 Cr523 Cr719 Cr
Total assets7,011 Cr2,561 Cr2,605 Cr2,743 Cr3,087 Cr3,330 Cr3,748 Cr4,212 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———159 Cr252 Cr444 Cr422 Cr655 Cr
Cash from investing———56 Cr-158 Cr-287 Cr-223 Cr-367 Cr
Cash from financing———-161 Cr-101 Cr-159 Cr-91 Cr-321 Cr
Net cash flow———55 Cr-4 Cr-0.38 Cr111 Cr-19 Cr
Free cash flow (OCF − Capex)———107 Cr69 Cr166 Cr177 Cr457 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-8.3%57.4%17.4%23.0%20.3%21.4%18.0%17.8%
ROE %6.1%34.1%10.7%17.2%17.2%17.8%14.8%14.1%
Debtor days—51——56615563
Inventory days—195——180200200199
Days payable—115——60565465
Cash conversion cycle—131——175205201198
Debt / equity—0.44——0.170.130.120.04
Current ratio—1.52——2.472.892.843.28
Net debt / EBITDA0.000.000.000.000.400.250.13-0.14

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