USHAMART
517146Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - ESG Rating & Core ESG Rating
Disclosure of ESG Rating & Core ESG Rating assigned voluntarily by Crisil ESG Ratings & Analytics Ltd.
Usha Martin Ltd is a leading global manufacturer of wire ropes and specialty steel, headquartered in India. The company operates a vertically integrated business model, controlling the entire value chain from steel melting and rolling to wire drawing and rope manufacturing. Usha Martin serves a wide range of industries including mining, oil & gas, elevators, cranes, infrastructure, and general engineering, with its wire rope business recognized for consistent quality and technological innovation.
Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - ESG Rating & Core ESG Rating
Disclosure of ESG Rating & Core ESG Rating assigned voluntarily by Crisil ESG Ratings & Analytics Ltd.
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Please find enclosed the Voting Results and Consolidated Scrutinizer''s Report for the 40th AGM of the Company.
Shareholder Meeting / Postal Ballot-Outcome of AGM
Please find attached the Summary of the Proceedings of the 40th Annual General Meeting of the Company held on 20th August 2026.
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Please find enclosed the Transcript of the Earnings Conference Call Q1 FY27 held on 28th July 2026 at 10:30 AM (IST).
Usha Martin Ltd
About
Usha Martin Ltd is a leading global manufacturer of wire ropes and specialty steel, headquartered in India. The company operates a vertically integrated business model, controlling the entire value chain from steel melting and rolling to wire drawing and rope manufacturing. Usha Martin serves a wide range of industries including mining, oil & gas, elevators, cranes, infrastructure, and general engineering, with its wire rope business recognized for consistent quality and technological innovation.
The company commands a significant presence in both domestic and international markets, exporting to over 80 countries across six continents.
With its primary manufacturing facilities located in Ranchi, Hoshiarpur, and Dubai, Usha Martin has focused on continuous modernization and automation to enhance operational efficiency and meet stringent global standards. The company also prioritizes sustainability in operations, incorporating environment-friendly practices and aligning with global best practices. Backed by a robust distribution network and long-standing relationships with marquee customers, Usha Martin has positioned itself as a trusted supplier in critical applications worldwide.
Business Model & Strategy
Usha Martin generates revenue primarily through the production and sale of high-quality steel wire ropes, strands, and specialty steel products. The company caters to diverse sectors such as mining, construction, oil & gas, elevator, infrastructure, and fishing, offering customized solutions that meet international certifications and industry specifications. Its vertically integrated manufacturing ensures cost efficiency and stringent quality control throughout the production cycle.
Usha Martin focuses on value-added products, including high-performance wire ropes and specialty wires, which command premium pricing and strengthen customer loyalty.
Key growth strategies include expanding value-added product lines, investing in automation and digitalization, strategic capacity expansions, and entering new geographies through export-led growth. The company also emphasizes consistent R&D investment, process innovation, and the development of eco-friendly steelmaking processes, positioning itself to benefit from large-scale infrastructure and industrialization trends both in India and globally.
Management Overview
9 MembersMr.Vijay Singh Bapna
Non-Executive - Independent Director-ChairpersonMr.Rajeev Jhawar
Executive Director-MDMr.Venkatachalam Ramakrishna Iyer
Non-Executive - Independent DirectorMr.Sethurathnam Ravi
Non-Executive - Independent DirectorMrs.Ramni Nirula
Non-Executive - Independent DirectorMr.Sharng Bhrit Prasanna Bhanu Pratap Narayan Sharma
Executive DirectorMr.Chirantan Chatterjee
Executive DirectorMr.Abhijit Paul
Chief Financial OfficerMr.Manish Agarwal
Company Secretary & Compliane OfficerAwards & Recognition
5 Awards- Winner of 'Best Exporter of Wire Ropes' at Engineering Export Promotion Council (EEPC) India Awards, 2024
- Recognition for 'Excellence in Manufacturing' at CII Eastern Region Annual Awards 2024
- ISO 14001:2015 and ISO 45001:2018 certified for environmental management and occupational health & safety
- Certified as a Great Place to Work® India, 2024
- Consistently acknowledged in third-party ESG assessments for safety and environmental stewardship
Market Information
Company Timeline
64+ Years of Excellence | 8 Major Milestones
Usha Martin Ltd founded in Ranchi, India
Initiated export operations, expanding into overseas markets
Listed on Bombay Stock Exchange (BSE)
Commissioned integrated steel plant at Ranchi
Global expansion with manufacturing unit in Dubai
Divestment of steel business to focus on core wire rope segment
Major modernization and digitization of Ranchi facility
Received multiple industry awards for export and manufacturing excellence
The Next Evolution
Contact Information
Registered Office
2A, Shakespeare Sarani
Tel: 033-39800300,
Fax: 033-39800415,
Email: investor@ushamartin.co.in
Website: ushamartin.com
Corporate Actions
5| Purpose | Ex Date | Record Date | BC Start | BC End |
|---|---|---|---|---|
Final Dividend ₹3.75 per share | 13 Aug 2026 Thursday | 13 Aug 2026 Thursday | - | - |
Final Dividend ₹3 per share | 31 Jul 2025 Thursday | 31 Jul 2025 Thursday | - | - |
Final Dividend ₹2.75 per share | 06 Aug 2024 Tuesday | 06 Aug 2024 Tuesday | - | - |
Final Dividend ₹2.50 per share | 03 Aug 2023 Thursday | 03 Aug 2023 Thursday | - | - |
Final Dividend ₹2 per share | 20 Jul 2022 Wednesday | 21 Jul 2022 Thursday | - | - |
₹15,176 Cr.
₹503
₹528 / 374
29.97
₹108.36
4.6
₹16.65
₹1.00
0.75 %
Manage Ratio
FINANCIALS
| Annual Results | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | - | - | - | 2,509 | 2,207 | 2,131 | 2,723 | 3,296 | 3,265 | 3,514 | 3,760 | 3,899 |
| Expenses | - | - | - | 2,348 | 2,060 | 1,943 | 2,417 | 2,852 | 2,728 | 3,005 | 3,122 | 3,207 |
| Profit | - | - | - | 49 | 421 | 152 | 291 | 351 | 424 | 406 | 466 | 508 |
| Tax | - | - | - | -227.46 | 210 | 36 | 55 | 105 | 125 | 121 | 148 | 162 |
| EPS | - | - | - | 13 | -2.11 | 5 | 10 | 12 | 14 | 13 | 16 | 4.66 |
| Ratios | - |
Cash Flow
Consolidated Figures in Rs. Crores
| Annual Balance Sheet | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | - | - | - | 7,011 | 2,561 | 2,605 | 2,743 | 3,087 | 3,330 | 3,748 | 4,212 | - |
| Equity And Liabilities | - | - | - | 7,011 | 2,561 | 2,605 | 2,743 | 3,087 | 3,330 | 3,748 | 4,212 | - |
Shareholding Pattern
Numbers in Percentages
| Quarterly SHP Announcement Date | Mar 2016 12 Apr '16 | Mar 2017 31 Mar '17 | Mar 2018 31 Mar '18 | Mar 2019 31 Mar '19 | Mar 2020 12 May '20 | Mar 2021 15 Apr '21 | Mar 2022 06 Apr '22 | Mar 2023 07 Apr '23 | Mar 2024 08 Apr '24 | Mar 2025 18 Apr '25 | Mar 2026 20 Apr '26 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goverments | - | - | - | - | - | - | - | - | - | - | - | - |
| Promoter And Promoter Group | - | - | - | - | 52.46% | 50.87% | 49.26% | 48.26% | 46.05% | 43.89% | 40.52% | - |
| Non Institutions | - | - | - | - | 37.97% | 40.89% | 42.00% | 40.10% | 35.38% | 32.53% | 29.80% | - |
| FII | - | - | - | - | - | - | - | 9.49% | 14.79% | 14.25% | 14.76% | - |
| DII | - | - | - | - | - | - | - | 2.15% | 3.78% | 9.26% | 14.81% | - |
| Total | - | - | - | - | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | - |
Usha Martin Ltd
Usha Martin Ltd
Usha Martin Ltd is a leading global manufacturer of wire ropes and specialty steel, headquartered in India. The company operates a vertically integrated business model, controlling the entire value chain from steel melting and rolling to wire drawing and rope manufacturing. Usha Martin serves a wide range of industries including mining, oil & gas, elevators, cranes, infrastructure, and general engineering, with its wire rope business recognized for consistent quality and technological innovation.
The company commands a significant presence in both domestic and international markets, exporting to over 80 countries across six continents.
With its primary manufacturing facilities located in Ranchi, Hoshiarpur, and Dubai, Usha Martin has focused on continuous modernization and automation to enhance operational efficiency and meet stringent global standards. The company also prioritizes sustainability in operations, incorporating environment-friendly practices and aligning with global best practices. Backed by a robust distribution network and long-standing relationships with marquee customers, Usha Martin has positioned itself as a trusted supplier in critical applications worldwide.
Usha Martin generates revenue primarily through the production and sale of high-quality steel wire ropes, strands, and specialty steel products. The company caters to diverse sectors such as mining, construction, oil & gas, elevator, infrastructure, and fishing, offering customized solutions that meet international certifications and industry specifications. Its vertically integrated manufacturing ensures cost efficiency and stringent quality control throughout the production cycle.
Usha Martin focuses on value-added products, including high-performance wire ropes and specialty wires, which command premium pricing and strengthen customer loyalty.
Key growth strategies include expanding value-added product lines, investing in automation and digitalization, strategic capacity expansions, and entering new geographies through export-led growth. The company also emphasizes consistent R&D investment, process innovation, and the development of eco-friendly steelmaking processes, positioning itself to benefit from large-scale infrastructure and industrialization trends both in India and globally.
Winner of 'Best Exporter of Wire Ropes' at Engineering Export Promotion Council (EEPC) India Awards, 2024
Recognition for 'Excellence in Manufacturing' at CII Eastern Region Annual Awards 2024
ISO 14001:2015 and ISO 45001:2018 certified for environmental management and occupational health & safety
Certified as a Great Place to Work® India, 2024
Consistently acknowledged in third-party ESG assessments for safety and environmental stewardship
Usha Martin Ltd founded in Ranchi, India
Initiated export operations, expanding into overseas markets
Listed on Bombay Stock Exchange (BSE)
Commissioned integrated steel plant at Ranchi
Global expansion with manufacturing unit in Dubai
Divestment of steel business to focus on core wire rope segment
Major modernization and digitization of Ranchi facility
Received multiple industry awards for export and manufacturing excellence
Peer Comparison
| S.No. | Company Name | CMP (₹) | Market Cap (₹ Cr) | Div Yld (%) | NP Qtr (₹ Cr) | Qtr Profit Var (%) | Sales Qtr (₹ Cr) | Qtr Sales Var (%) | ROCE (%) | ROE (%) | Book Value (₹) | EPS TTM (₹) | TTMPE Ratio (₹) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Not Found Data | |||||||||||||
Coming Soon
Heatmap View
Premium Feature| Company | CMP (₹) | MCap (₹ Cr) | EPS TTM (₹) | ||||||||||
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| Not Found Data | |||||||||||||
Financial Ratios
Premium Feature| Company Name | P/E (TTM) | EPS (₹) | D/E | NPM | GPM | ROE (%) | ROCE (%) | P/B | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Not Found Data | |||||||||||||
Coming Soon