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NSE USHAMART · BSE 517146 · Iron & Steel · NIFTY 500

Usha Martin Share Price

Market closed · updated 25 Sep, 4:52 PM IST
₹525.90 ▼ −₹9.91 · 1.85% NSE · as of 24 Sep 2026, 9:58 AM · BSE ₹525.00
Today's range
₹515.20Low₹534.85High
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 ₹525.90 on the NSE, down 1.85% on the day. That is 3.0% below the 52-week high of ₹542.00 and 38.9% above the 52-week low of ₹378.55. The stock trades at 28.44× earnings, above the sector average of 17.25. Its market value is ₹15,999 Cr.

Price returns

1 Day▼ −1.85%
5 Days▲ +11.74%
This month▲ +7.24%
3 Months▲ +14.87%
6 Months▲ +29.24%
This year▲ +17.85%
1 Year▲ +20.85%

Against the market: 1 Month ▲ +11.65% · 3 Months ▲ +18.19% · 6 Months ▲ +30.01% · This year ▲ +34.22% · 1 Year ▲ +32.59%

Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.

Moving averages — price is above 6 of 6

  1. Today's price₹525.90
  2. 5-day average₹509.38 ▲ price 3.2% above
  3. 10-day average₹501.59 ▲ price 4.8% above
  4. 50-day average₹501.23 ▲ price 4.9% above
  5. 20-day average₹500.56 ▲ price 5.1% above
  6. 100-day average₹493.38 ▲ price 6.6% above
  7. 300-day average₹459.66 ▲ price 14.4% above

Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.

Usha Martin Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
3,691
Net profit₹ crore · losses below zero
466

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
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 —

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
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue2,153.822,097.282,688.073,267.763,225.203,474.163,691.06
Cost of revenue1,379.181,306.101,653.812,018.171,840.781,976.402,098.22
Gross profit774.64791.181,034.261,249.591,384.421,497.761,592.84
Operating expenses1,979.971,880.392,331.982,809.092,692.462,951.253,115.37
Operating income173.85216.89356.09458.67532.74522.91575.69
Depreciation63.2367.4769.3567.2076.7197.86116.40
Profit before tax147.16187.79337.88443.64537.06509.04621.06
Tax209.7336.4454.85104.78125.39120.53148.37
Net profit418.84149.59291.27350.14423.96407.39465.99
EPS (₹)−2.115.059.5611.4913.9113.3716.11
Dividend per share (₹)——2.002.502.753.003.75

What Analysts Say

3 analysts

Recommendations from 3 analysts who cover Usha Martin.

Strong Buy average rating 1.00 on a 1–5 scale

▲ 3 bullish (100.0%) · 0 hold (0.0%) · ▼ 0 bearish (0.0%)

Votes

Strong Buy
3 (100%)
Buy
0 (0%)
Hold
0 (0%)
Sell
0 (0%)
Strong Sell
0 (0%)

How the votes changed

Rating3M ago2M ago1M ago1W agoNow3-month change
Strong Buy12223 ▲ +2
Buy00000 —
Hold00000 —
Sell00000 —
Strong Sell00000 —

Analyst ratings are opinions, not a guarantee of returns.

Usha Martin vs Peers

Side by side with other iron & steel companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yieldRating
Usha Martin ₹525.90 ▼ −1.85% ₹15,999 Cr 28.44 4.93 17.52% 13.38% 0.70% This stock
JSW Steel ₹1,278.30 ▼ −1.51% ₹3,12,602 Cr 41.56 3.02 16.35% 14.76% 0.57% Bullish
Lloyds Metals And Energy ₹1,824.00 ▼ −3.60% ₹1,03,194 Cr 27.81 7.57 33.77% 22.37% 0.05% Neutral
Jindal Steel ₹1,154.00 ▼ −1.62% ₹1,17,718 Cr 25.85 2.05 11.35% 6.34% 0.20% Bullish
Jindal Stainless ₹738.15 ▼ −2.67% ₹60,859 Cr 18.80 3.07 21.16% 7.41% 0.41% Neutral
Welspun Corp ₹2,690.00 ▼ −3.79% ₹70,960 Cr 25.90 4.56 18.30% 9.66% 0.32% Bullish

Rating = the data provider's overall technical view of each peer. Company names link to their own pages.

Shareholding Pattern

Who owns Usha Martin shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
40.3%
15.1%
12.1%
32.5%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter41.76%40.52%40.52%40.28% ▼ −0.24 pts
FII14.14%14.62%14.77%15.10% ▲ +0.33 pts
MF10.90%12.17%12.46%12.14% ▼ −0.32 pts
Other33.20%32.69%32.25%32.48% ▲ +0.23 pts

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 MartinBenchmarkComfortable → stretched

Valuation Is the price reasonable?

P/E (TTM)Price ÷ yearly earnings per share
28.44
▲ 65% above the sector average of 17.25
P/E, 12-month rangeLow 10.88 · high 33.13
79%
Today's P/E sits 79% of the way from its low to its high
P/BPrice ÷ book value per share
4.93
P/SPrice ÷ sales per share
4.24
P/CFPrice ÷ cash flow per share
25.66
PEGP/E ÷ earnings growth (≈1 is fair)
2.70

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%

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
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×
✓ Low debt
Current ratioShort-term assets for every ₹1 due within a year
3.28×
✓ Comfortable
Quick ratioLike the current ratio, without inventory
1.81×
✓ Comfortable
Interest coverOperating profit ÷ interest to pay
104.14×
✓ Strong
Payout ratioShare of profit paid as dividend
23.25%
• Keeps most

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 4.85× 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 year33.22
Current Dividend Yield - Common Stock Primary Issue, LTM0.70
Price to Book - most recent fiscal year4.93
P/E Basic excluding extraordinary items - TTM28.44
P/E including extraordinary items - TTM32.16
P/E excluding extraordinary items low, trailing 12 months10.88
Price to Tangible Book - most fiscal year5.03
Dividend Yield - 5 Year Average1.00
Price to sales - most recent fiscal year4.41
Dividend Yield - indicated annual dividend divided by closing price0.70
Price to Cash Flow per share - trailing 12 month25.66
Peg Ratio2.70
Price to Free Cash Flow per Share - most recent fiscal year44.51
P/E Normalized, most recent fiscal year33.58
P/E excluding extraordinary items high, trailing 12 months33.13
P/E excluding extraordinary items, most recent fiscal year quarter30.65
Price to sales - trailing 12 month4.24
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, LFY53.52
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 Cap15,896.86
52 week Low Date23 Mar 2026
Price - 1 Day % Change0.71
Relative (S&P500) price percent change - 13 week18.19
Avg trading volume last 10 days1.48
Price - 13 week price percent change14.87
Price - 52 week price percent change20.85
Avg Trading Volume Last 3 months15.97
Price - 5 Day % Change11.74
Price % Change Month To Date7.24
Relative (S&P500) price percent change - 04 week11.65
52 week High Date21 Sep 2026
Price - 26 week price percent change29.24
PDATE23 Sep 2026
Price - YTD price percent change17.85
Relative (S&P500) price percent change - 52 week32.59
NPRICE535.05
Relative (S&P500) price percent change - 26 week30.01
52 week Low380.00
52 week High542.60
Beta0.82
Relative (S&P500) price percent change - Year to Date34.22

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹3.75
  • Dividend yield0.70%
  • Payout ratio23.25%
  • 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₹15,999 Cr
  • Revenue (FY26)₹3,691 Cr
  • Net profit (FY26)₹466 Cr

In the News

Recent headlines about Usha Martin — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider and may be delayed. It is for information only and is not a recommendation to buy or sell. See all stocks →

Frequently Asked Questions

Usha Martin (NSE: USHAMART) last traded at ₹525.90 on the NSE, down 1.85% (₹9.91) on the day, as of 24 Sep 2026, 9:58 AM. On the BSE it was ₹525.00. The day's range was ₹515.20 – ₹534.85.

Usha Martin's 52-week high is ₹542.00 (21 Sep 2026) and its 52-week low is ₹378.55 (23 Mar 2026). At ₹525.90 the share is 3.0% below its high and 38.9% above its low.

Usha Martin's market capitalisation is ₹15,999 Cr (₹15,999 Cr). It is part of the NIFTY 500 index.

Usha Martin's P/E ratio (trailing 12 months) is 28.44. The sector average is 17.25, so investors pay 65% 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 20.85% over the last year, up 17.85% so far this year, up 29.24% over 6 months, up 14.87% over 3 months. Over the last year the stock did 32.59% 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 0.70%. It has paid 5 dividends in the records shown on this page.

Of 3 analysts covering Usha Martin, 3 are bullish (3 strong buy, 0 buy), 0 say hold and 0 are bearish. The consensus is Strong Buy (average rating 1.00 on a scale where 1 is Strong Buy and 5 is Strong Sell). Analyst views are opinions, not a guarantee.

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.