Usha Martin Ltd (USHAMART) — shareholding pattern, promoter holding, financials and share price
About Usha Martin Ltd (USHAMART)
Usha Martin Ltd operates in the Iron & Steel Products industry, within the Capital Goods sector. It trades on the NSE as USHAMART and on the BSE under scrip code 517146. Its ISIN is INE228A01035.
Usha Martin Ltd is primarily engaged in manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in sale of other products such as wire drawing and allied machines. [1]
Usha Martin Limited is a leading global manufacturer of specialty wire ropes with a robust presence in India and internationally. It operates several state-of-the-art manufacturing facilities worldwide, serving diverse industry needs.
The company reported a notable 6.6% YoY increase in net revenue from operations in Q3 FY26, attributing growth to a favorable product mix and expanding international markets.
Listed peers in Iron & Steel Products: Ratnamani Metals & Tubes Ltd, Jindal Saw Ltd, Godawari Power & Ispat Ltd, Gallantt Ispat Ltd., Jayaswal Neco Industries Ltd, Maharashtra Seamless Ltd.
Valuation & Returns
10 Jul 2026At ₹510.15 a share on 10 Jul 2026, Usha Martin Ltd (USHAMART) was valued at a price-to-earnings ratio of 31.65x against an industry P/E of 37x and a price-to-book of 5.65x on a book value of ₹90.3 per share as of Mar 2025. Solomo computes return on equity of 17.85% and return on capital employed of 20.8% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 31.65x
- Industry P/E
- 37x
- P/B
- 5.65x
- EPS (TTM)
- ₹16.12
- Book value / share
- ₹90.3
- ROE
- 17.85%
- ROCE
- 20.8%
- ROA
- 13.11%
- Debt / equity
- 0.15x
- Dividend yield
- 0.59%
- EBITDA margin
- 20.34%
- 52-week range
- ₹333.95 – ₹527
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Usha Martin Ltd (USHAMART) reported revenue of ₹3,691 crore, net profit of ₹466 crore and earnings per share of ₹15.29. That compares with revenue of ₹3,474 crore and net profit of ₹406 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹979 crore and net profit ₹148 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 2,688 | 3,268 | 3,225 | 3,474 | 3,691 |
| Net profit (₹ cr) | 291 | 351 | 424 | 406 | 466 |
| EPS (₹) | 9.56 | 11.49 | 13.91 | 13.37 | 15.29 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | -6.07% | 9.29% | 6.25% | 7.72% |
| Profit growth | - | - | 12.67% | -4.20% |
| Stock price CAGR | 41% | 55% | 16% | 31% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 40.28% of Usha Martin Ltd (USHAMART) (down 0.24 pp QoQ), foreign institutional investors (FII) hold 15.1% and domestic institutional investors (DII) hold 15.26%. Market capitalisation was ₹15,546 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRATEGY 5.11%, TATA MUTUAL FUNDS 4.17%, QUANT MUTUAL FUNDS 3.83%, TATA INDIAN OPPORTUNITIES FUND 1.68%, ICICI PRUDENTIAL MUTUAL FUNDS 1.57%, 3P INDIA EQUITY FUND 1 1.06%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 40.28% | - | 15.1% | 15.26% | 59.6% |
| Mar 2026 | 40.52% | - | 14.76% | 14.81% | 59.37% |
| Dec 2025 | 40.52% | - | 14.62% | 14.12% | 59.37% |
| Sep 2025 | 41.76% | - | 14.15% | 12.29% | 58.18% |
| Jun 2025 | 42.45% | - | 14.29% | 11.06% | 57.49% |
| Mar 2025 | 43.89% | - | 14.25% | 9.26% | 56.04% |
| Dec 2024 | 43.48% | - | 14.29% | 8.15% | 56.52% |
| Sep 2024 | 43.54% | - | 14.61% | 7.45% | 56.46% |