NSE USHAMART · BSE 517146 · Iron & Steel · NIFTY 500
Usha Martin Share Price
₹508.00
▼ −₹10.79 · 2.08%
Day range · 28 Sep
₹501.65Low₹521.70High
52-week range
₹378.55Low · 23 Mar 2026₹542.00High · 21 Sep 2026
Usha Martin Overview
Where the price stands, how it has moved and how it sits against its averages.
Usha Martin shares last traded at ₹508.00 on the NSE, down 2.08% on the day. That is 6.3% below the 52-week high of ₹542.00 and 34.2% above the 52-week low of ₹378.55. The stock trades at 30.53× earnings, above the sector average of 16.60. Its market value is ₹15,481 Cr.
Price returns
1 Day▼ −2.08%
1 Week▼ −4.85%
This month▲ +1.81%
3 Months▲ +7.38%
6 Months▲ +24.51%
This year▲ +11.89%
1 Year▲ +13.17%
Share price growth a year (CAGR): 3 years ▲ +15.9% · 5 years ▲ +45.3% · 10 years ▲ +44.4%
Against the market: 1 Month ▲ +10.15% · 3 Months ▲ +14.42% · 6 Months ▲ +26.62% · This year ▲ +31.79% · 1 Year ▲ +26.99%
Shading grows with the size of the move. We ask our data provider for a newer price every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next check from Mon 12 Oct, 9:15 AM. Its quotes are not real-time — the time at the top shows how current the price is.
Moving averages — price is above 4 of 6
- 5-day average₹528.45 ▼ price 3.9% below
- 10-day average₹509.87 ▼ price 0.4% below
- Today's price₹508.00
- 20-day average₹505.78 ▲ price 0.4% above
- 50-day average₹502.88 ▲ price 1.0% above
- 100-day average₹495.45 ▲ price 2.5% above
- 300-day average₹460.98 ▲ price 10.2% above
Each average is the mean closing price over that many trading days; averages above the current price sit higher on the ladder.
Usha Martin Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
3,691
466
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹3,691 Cr | ▲ +6.2% | ₹466 Cr | 12.6% | ₹16.11 | ₹3.75 |
| FY 2025 | ₹3,474 Cr | ▲ +7.7% | ₹407 Cr | 11.7% | ₹13.37 | ₹3.00 |
| FY 2024 | ₹3,225 Cr | ▼ −1.3% | ₹424 Cr | 13.1% | ₹13.91 | ₹2.75 |
| FY 2023 | ₹3,268 Cr | ▲ +21.6% | ₹350 Cr | 10.7% | ₹11.49 | ₹2.50 |
| FY 2022 | ₹2,688 Cr | ▲ +28.2% | ₹291 Cr | 10.8% | ₹9.56 | ₹2.00 |
| FY 2021 | ₹2,097 Cr | ▼ −2.6% | ₹150 Cr | 7.1% | ₹5.05 | — |
| FY 2020 | ₹2,154 Cr | — | ₹419 Cr | 19.4% | −₹2.11 | — |
1,033
148
142
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹1,033 Cr | ▲ +5.5% | ₹142 Cr | 13.7% | ₹4.66 |
| Q4 FY26 | ₹979 Cr | ▲ +6.8% | ₹148 Cr | 15.1% | ₹5.07 |
| Q3 FY26 | ₹917 Cr | ▲ +1.0% | ₹108 Cr | 11.7% | ₹3.53 |
| Q2 FY26 | ₹908 Cr | ▲ +2.3% | ₹110 Cr | 12.1% | ₹4.20 |
| Q1 FY26 | ₹887 Cr | ▼ −1.0% | ₹101 Cr | 11.4% | ₹3.31 |
| Q4 FY25 | ₹896 Cr | ▲ +4.1% | ₹101 Cr | 11.3% | ₹3.32 |
| Q3 FY25 | ₹861 Cr | ▼ −3.4% | ₹93 Cr | 10.8% | ₹3.04 |
| Q2 FY25 | ₹891 Cr | — | ₹110 Cr | 12.3% | ₹3.59 |
Balance sheet — FY26
Owes (liabilities)Shareholders' equity
22%
78%
- Total assets₹4,212 Cr
- Total liabilities₹910 Cr
- Shareholders' equity₹3,302 Cr
- Total debt₹229 Cr
- Cash & investments₹477 Cr
- Current ratio3.28×
- Revenue growth, 5 yr11.97% a year
- EPS growth, 5 yr26.09% a year
- Operating margin (TTM)16.43%
- Net margin (TTM)13.38%
Cash flow — FY26
Operating activities
▲ ₹655 Cr
Investing activities
▼ −₹367 Cr
Financing activities
▼ −₹321 Cr
Free cash flow
▲ ₹457 Cr
Net change in cash
▼ −₹19 Cr
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 2,153.82 | 2,097.28 | 2,688.07 | 3,267.76 | 3,225.20 | 3,474.16 | 3,691.06 |
| Cost of revenue | 1,379.18 | 1,306.10 | 1,653.81 | 2,018.17 | 1,840.78 | 1,976.40 | 2,098.22 |
| Gross profit | 774.64 | 791.18 | 1,034.26 | 1,249.59 | 1,384.42 | 1,497.76 | 1,592.84 |
| Operating expenses | 1,979.97 | 1,880.39 | 2,331.98 | 2,809.09 | 2,692.46 | 2,951.25 | 3,115.37 |
| Operating income | 173.85 | 216.89 | 356.09 | 458.67 | 532.74 | 522.91 | 575.69 |
| Depreciation | 63.23 | 67.47 | 69.35 | 67.20 | 76.71 | 97.86 | 116.40 |
| Profit before tax | 147.16 | 187.79 | 337.88 | 443.64 | 537.06 | 509.04 | 621.06 |
| Tax | 209.73 | 36.44 | 54.85 | 104.78 | 125.39 | 120.53 | 148.37 |
| Net profit | 418.84 | 149.59 | 291.27 | 350.14 | 423.96 | 407.39 | 465.99 |
| EPS (₹) | −2.11 | 5.05 | 9.56 | 11.49 | 13.91 | 13.37 | 16.11 |
| Dividend per share (₹) | — | — | 2.00 | 2.50 | 2.75 | 3.00 | 3.75 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 2,560.90 | 2,605.29 | 2,742.88 | 3,086.83 | 3,330.13 | 3,747.94 | 4,211.82 |
| Current assets | 1,308.35 | 1,393.35 | 1,589.51 | 1,749.36 | 1,789.06 | 1,976.20 | 2,280.03 |
| Cash & short-term investments | 279.25 | 287.34 | 164.68 | 161.99 | 167.71 | 274.14 | 476.75 |
| Inventory | 646.75 | 701.65 | 844.13 | 940.18 | 934.37 | 1,017.12 | 1,021.71 |
| Property, plant & equipment | 916.80 | 908.41 | 889.57 | 1,030.31 | 1,256.58 | 1,459.94 | 1,649.99 |
| Total liabilities | 1,333.41 | 1,201.79 | 1,049.21 | 1,056.07 | 950.46 | 996.06 | 909.89 |
| Current liabilities | 852.46 | 810.69 | 704.87 | 709.17 | 615.88 | 694.98 | 695.61 |
| Total debt | 620.20 | 529.82 | 411.39 | 416.54 | 363.83 | 416.71 | 228.57 |
| Total equity | 1,227.49 | 1,403.50 | 1,693.67 | 2,030.76 | 2,379.67 | 2,751.88 | 3,301.93 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 212.42 | 213.70 | 158.57 | 251.59 | 444.63 | 421.76 | 655.34 |
| From investing | 2,943.22 | −34.45 | 55.74 | −157.69 | −287.93 | −223.24 | −366.67 |
| From financing | −3,104.71 | −177.49 | −160.59 | −101.09 | −159.33 | −91.49 | −321.49 |
| Capital expenditure | −40.56 | −37.07 | −51.12 | −182.33 | −277.62 | −244.65 | −198.06 |
| Dividends paid | — | — | — | −60.95 | −76.19 | −83.80 | −91.37 |
| Net change in cash | 49.70 | 2.14 | 54.92 | −4.22 | −0.38 | 110.94 | −18.88 |
Usha Martin vs Peers
Side by side with other iron & steel companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield |
|---|---|---|---|---|---|---|---|---|
| Usha Martin This stock | ₹508.00 | ▼ −2.08% | ₹15,481 Cr | 30.53 | 4.68 | 17.52% | 13.38% | 0.74% |
| JSW Steel | ₹1,261.00 | ▼ −1.48% | ₹3,08,372 Cr | 41.56 | 3.02 | 16.35% | 14.76% | 0.57% |
| Lloyds Metals And Energy | ₹1,836.35 | ▼ −0.17% | ₹1,03,893 Cr | 27.81 | 7.57 | 33.77% | 22.37% | 0.05% |
| Jindal Steel | ₹1,139.90 | ▼ −2.15% | ₹1,16,280 Cr | 25.85 | 2.05 | 11.35% | 6.34% | 0.20% |
| Jindal Stainless | ₹744.50 | ▼ −0.45% | ₹61,382 Cr | 18.80 | 3.07 | 21.16% | 7.41% | 0.41% |
| Welspun Corp | ₹2,754.00 | ▼ −2.76% | ₹72,648 Cr | 25.90 | 4.56 | 18.30% | 9.66% | 0.32% |
Peer prices and ratios as last reported by the data provider. Company names link to their own pages.
Usha Martin Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Usha MartinBenchmarkRule-of-thumb bands
Valuation The price against earnings, book value and sales
P/E (TTM)Price ÷ yearly earnings per share
30.53
▲ 84% above the sector average of 16.60
P/E, 12-month rangeLow 10.88 · high 33.13
88%
Today's P/E sits 88% of the way from its low to its high
P/BPrice ÷ book value per share
4.68
P/SMarket cap ÷ last 12 months' revenue
4.03
P/CFPrice ÷ cash flow per share
24.88
PEGP/E ÷ earnings growth rate
2.62
Profitability Of every ₹100 of sales, how much is kept?
Gross marginKept after the cost of goods
49.86%
▲ above its 5-yr average of 41.35%
Operating marginKept after running costs
16.43%
▲ above its 5-yr average of 14.96%
Pre-tax marginKept before tax
17.59%
▲ above its 5-yr average of 14.98%
Net marginKept as profit
13.38%
▲ above its 5-yr average of 11.59%
Returns & efficiency How well does it use its money?
Return on equityProfit on shareholders' money
16.22%
▼ below its 5-yr average of 17.52%
Return on assetsProfit on everything it owns
11.88%
▲ above its 5-yr average of 11.61%
Return on investmentProfit on long-term capital
14.39%
▼ below its 5-yr average of 14.77%
Return on capital employedProfit before interest and tax on equity + debt
18.71%
Growth Is the business getting bigger?
Revenue — last 12 months
+8.5%
▲ growing
Revenue — 3 yr, a year
+4.1%
▲ growing
Revenue — 5 yr, a year
+12.0%
▲ growing
Net profit — 3 yr, a year
+10.0%
▲ growing
Net profit — 5 yr, a year
+25.5%
▲ growing (off the scale)
EPS — last 12 months
+31.7%
▲ growing (off the scale)
EPS — 3 yr, a year
+11.9%
▲ growing
EPS — 5 yr, a year
+26.1%
▲ growing (off the scale)
Dividend — 3 yr, a year
+14.5%
▲ growing
Book value — 5 yr, a year
+18.7%
▲ growing
Financial strength Can it pay its bills and debts?
Debt to equityBorrowings for every ₹1 of shareholders' money
0.07×
Current ratioShort-term assets for every ₹1 due within a year
3.28×
Quick ratioLike the current ratio, without inventory
1.81×
Interest coverOperating profit ÷ interest to pay
104.14×
Payout ratioShare of profit paid as dividend
23.28%
Per share What each share stands for
EPS (TTM)
₹16.64
Book value
₹108.47
Cash flow
₹20.83
Dividend
₹3.75
Revenue
₹125.93
The share price is 4.68× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 112 metrics from the data provider
Valuation
P/E excluding extraordinary items, most recent fiscal year32.21
Current Dividend Yield - Common Stock Primary Issue, LTM0.72
Price to Book - most recent fiscal year4.78
P/E Basic excluding extraordinary items - TTM28.44
P/E including extraordinary items - TTM31.18
P/E excluding extraordinary items low, trailing 12 months10.88
Price to Tangible Book - most fiscal year4.88
Dividend Yield - 5 Year Average1.00
Price to sales - most recent fiscal year4.28
Dividend Yield - indicated annual dividend divided by closing price0.72
Price to Cash Flow per share - trailing 12 month24.88
Peg Ratio2.62
Price to Free Cash Flow per Share - most recent fiscal year43.16
P/E Normalized, most recent fiscal year32.56
P/E excluding extraordinary items high, trailing 12 months33.13
P/E excluding extraordinary items, most recent fiscal year quarter29.72
Price to sales - trailing 12 month4.12
Net Debt, LFY−2,481.80
Per share
Dividend Per Share - 5 year average2.80
Cash Flow per share - trailing 12 month20.83
Cash Flow per share - most recent fiscal year19.33
EPS including extraordinary items - trailing 12 month16.64
EPS including extraordinary items - most recent fiscal year15.29
EBITD per share - trailing 12 month25.22
Revenue/share - trailing 12 month125.93
EPS excluding extraordinary items - trailing 12 month17.46
EPS Basic excluding extraordinary items - most recent fiscal year16.12
EPS Basic excluding extraordinary items - trailing 12 month17.47
Book value per share - most recent fiscal year108.47
Dividend per share - most recent fiscal year3.75
Revenue/share - most recent fiscal year121.12
EPS Normalized - most recent fiscal year15.93
Book value (tangible) per share - most recent fiscal year106.38
Dividends per share - trailing 12 month3.75
EPS excluding extraordinary items - most recent fiscal year16.11
Cash per share - most recent fiscal year15.66
Margins
Operating margin - trailing 12 month16.43
Gross Margin - 5 year average41.35
Operating margin - 1st historical fiscal year15.60
Operating Margin - 5 year average14.96
Net Profit Margin % - 1st historical fiscal year12.81
Gross Margin - 1st historical fiscal year43.15
Net Profit Margin % - trailing 12 month13.38
Net Profit Margin - 5 year average11.59
Pretax Margin - 5 year average14.98
Pretax margin - 1st historical fiscal year16.83
Pretax margin - trailing 12 month17.59
Free Operating Cash Flow/Revenue, 5 Year Average4.07
Gross Margin - trailing 12 month49.86
Growth
EPS Change %, TTM over TTM31.66
Revenue growth rate, 5 year11.97
EPS growth rate, 5 year26.09
Revenue Change % - most recent quarter 1 year ago16.44
Growth rate% - dividend, 3 year14.47
Growth rate% - EPS, 3 year11.92
Revenue/share (5 yr growth)11.97
Free Operating Cash Flow, 5 Year CAGR15.68
Tangible Book Value, Total Equity, 5 Year CAGR19.26
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR17.96
Capital Spending growth rate, 5 year39.82
Revenue Change %, TTM over TTM8.54
Growth rate% - Revenue, 3 year4.14
Book value per share growth rate, 5 year18.69
EPS Change % - most recent quarter 1 year ago40.79
Net Profit Margin growth rate, 5 year12.16
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR20.01
Total Debt, 5 Year CAGR−15.48
Financial strength
Net Interest coverage - most recent fiscal year104.14
Free Cash Flow - most recent fiscal year3,659.10
LT debt/equity - most recent fiscal year0.03
Quick ratio - most recent fiscal year1.81
Payout ratio - trailing 12 month21.46
Current ratio - most recent fiscal year3.28
Current EV/Free Cash Flow, LFY51.87
Total debt/total equity - most recent fiscal year0.07
Net Interest coverage - trailing 12 month37.46
Payout ratio - most recent fiscal year23.25
Returns & efficiency
Return on average equity - 5 year average17.52
Net Income/employee - trailing 12 month22,98,344.00
Revenue/employee - most recent fiscal year1,65,18,510.00
Return on investment - most recent fiscal year14.39
Return on average assets - most recent fiscal year11.88
Receivables turnover - most recent fiscal year6.29
Inventory turnover - most recent fiscal year2.06
Revenue/employee - trailing 12 month1,71,74,890.00
Return on average assets - 5 year average11.61
Net Income/employee - most recent fiscal year21,15,417.00
Asset turnover - most recent fiscal year0.93
Return on average equity - most recent fiscal year16.22
Return on investment - 5 year average14.77
Price & volume
Market Cap15,496.12
52 week Low Date23 Mar 2026
Price - 1 Day % Change−0.84
Relative (S&P500) price percent change - 13 week14.42
Avg trading volume last 10 days1.48
Price - 13 week price percent change9.66
Price - 52 week price percent change15.62
Avg Trading Volume Last 3 months16.11
Price - 5 Day % Change2.29
Price % Change Month To Date3.98
Relative (S&P500) price percent change - 04 week10.15
52 week High Date21 Sep 2026
Price - 26 week price percent change27.16
PDATE25 Sep 2026
Price - YTD price percent change14.27
Relative (S&P500) price percent change - 52 week26.99
NPRICE518.80
Relative (S&P500) price percent change - 26 week26.62
52 week Low380.00
52 week High542.60
Beta0.82
Relative (S&P500) price percent change - Year to Date31.79
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
₹3.75
- Dividend yield0.74%
- Payout ratio23.28%
- 5-year average dividend₹2.80 a share
- Latest dividend₹3.75 per share · 13 Aug 2026
Corporate calendar
- MeetingAnnual General Meeting
- Dividend₹3.75 per share · 375% · Final dividend
- BoardQuarterly Results
- BoardAudited Results & Final Dividend
- BoardQuarterly Results
- MeetingPostal Ballot
- BoardQuarterly Results
- BoardQuarterly Results
Show 11 older events
- MeetingAnnual General Meeting
- Dividend₹3.00 per share · 300% · Final dividend
- BoardAudited Results & Final Dividend
- BoardQuarterly Results
- BoardQuarterly Results
- MeetingPostal Ballot
- MeetingAnnual General Meeting
- Dividend₹2.75 per share · 275% · Final dividend
- MeetingPostal Ballot
- Dividend₹2.50 per share · 250% · Final dividend
- Dividend₹2.00 per share · 200% · Final dividend
About Usha Martin
Iron & Steel
Usha Martin Limited is an India-based specialty steel wire rope solutions provider. The Company is also engaged in the manufacturing of wires, low relaxation prestressed concrete steel strand (LRPC), wires, prestressing solutions, cables, and bespoke end-fitments and accessories. Its segments include Wire and Wire ropes, and Others. The Wire and Wire ropes segment is engaged in the manufacturing and sale of steel wires, strands, wire ropes, cords, related accessories, wire drawing and allied machine, among others. The Others segment is engaged in the manufacturing and sale of jelly filled and optical fiber telecommunication cables. It provides various wire ropes, such as crane rope, mining rope, elevator rope, oil and offshore rope, fishing rope, general engineering rope, aerial transportation rope, structural rope, and conveyor rope. Its LRPC strands include unbonded polymer coated LRPC strand, bonded polymer coated LRPC strand, compacted LRPC strand, and intended LRPC strand.
Key people
- Abhijit PaulChief Financial Officer
- Sharng Bhrit Prasanna Bhanu Pratap Narayan SharmaSenior Vice President - Manufacturing, Whole-Time Director
- Manish AgarwalCompliance Officer, Company Secretary
- Rajeev JhawarManaging Director, Executive Director
- Chirantan ChatterjeeWhole-Time Director
Company facts
- NSE symbolUSHAMART
- BSE code517146
- ISININE228A01035
- IndustryIron & Steel
- IndexNIFTY 500
- Market cap₹15,481 Cr
- Revenue (FY26)₹3,691 Cr
- Net profit (FY26)₹466 Cr
Stock data comes from the exchange feed via our data provider. It is not real-time and can be delayed, so check the price with your broker before you trade. This page is for information and education only. It is not investment advice, research or a recommendation to buy, sell or hold any security. Investments in the securities market are subject to market risks; read all related documents carefully before investing. See all stocks →
Frequently Asked Questions
Usha Martin (NSE: USHAMART) last traded at ₹508.00 on the NSE, down 2.08% (₹10.79) on the day, as of 28 Sep 2026. The day's range was ₹501.65 – ₹521.70.
Usha Martin's 52-week high is ₹542.00 (21 Sep 2026) and its 52-week low is ₹378.55 (23 Mar 2026). At ₹508.00 the share is 6.3% below its high and 34.2% above its low.
Usha Martin's market capitalisation is ₹15,481 Cr (₹15,481 Cr). It is part of the NIFTY 500 index.
Usha Martin's P/E ratio (trailing 12 months) is 30.53. The sector average is 16.60, so investors pay 84% more for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹16.64.
Usha Martin shares are up 13.17% over the last year, up 11.89% so far this year, up 24.51% over 6 months, up 7.38% over 3 months. Over the last year the stock did 26.99% better than the market.
In FY26 (year to Mar 2026), Usha Martin reported revenue of ₹3,691 Cr (up 6.24% on the year before) and a net profit of ₹466 Cr. Earnings per share were ₹16.11.
Yes. Usha Martin's latest dividend is ₹3.75 per share (375%, final dividend), with an ex-date of 13 Aug 2026. The dividend yield is 0.74%. It has paid 5 dividends in the records shown on this page.
As of Jun 2026: Promoter 40.28%, FII 15.10%, MF 12.14%, Other 32.48%. Promoter holding fell by 0.24 percentage points from Mar 2026.
Usha Martin's listed peers in Iron & Steel include JSW Steel, Lloyds Metals And Energy, Jindal Steel, Jindal Stainless, Welspun Corp. By market capitalisation it ranks #6 of 6 in this group.
No. Usha Martin has debt — its debt-to-equity ratio is 0.07 and total debt was ₹229 Cr in FY26. Its operating profit covers interest 104.14 times.