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  4. USHA MARTIN LTD.
Usha Martin Ltd.
NSE: USHAMART | BSE: 517146

Usha Martin Live Share Price Today, Share Analysis and Chart

Mid-range Performer
aboutUsha Martin Ltd. is a leading global manufacturer of wire ropes, catering to diverse sectors including oil and offshore, mining, elevators, and infrastructure. The company operates through a vertically integrated model, managing the production of wir... Read More
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459.5013.60(3.05%)
574.8K
NSE+BSE Volume

NSE 02 Nov, 2026 3:31 PM (IST)

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43.0 / 100
Mid-range PerformerThese stocks have strong quality. Their reasonable financials and technicals make them potentially attractive to investorsView SimilarEmbed DVM
Analyst Price Target
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13

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7

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SWOT Analysis

Check Before You Buy

VIEW FULL CHECKLIST

High rank

12Positive11Negative

Pass in checklist52.2%

045
55
100

PE Valuation Check

Right Now
Overvalued
-8.9%
1 Year Forward
Undervalued
9.3%
INSIGHTUsha Martin is overvalued at current PE, but undervalued on future earnings estimates

Usha Martin Stock Price Analysis

Day Price Range

3.0% 1 Day return
459.5 (LTP)
446.2464.4
LowHigh

Week Price Range

-0.1% 1 Week return
459.5 (LTP)
442.3486.8
LowHigh

Month Price Range

-6.6% 1 Month return
459.5 (LTP)
442.3523.4
LowHigh

52 Week Price Range

-1.2% 1 Year return
459.5 (LTP)
380542.6
LowHigh
View full Price History/Seasonality

Usha Martin Forecaster - Analyst Share Price Target and Estimates

Revenue forecast

Hit

Usha Martin's Revenue was higher than average estimate 2 times in past 3 years

EPS forecast

CURRENT EPS
15.3
AVG. ESTIMATE
20
LOW ESTIMATE
19.5
HIGH ESTIMATE
20.5
CURRENT EPS
AVG. ESTIMATE
Hit

EPS is expected to grow by 30.5% in FY27

Consensus Recommendation

4 ANALYST Recommendations
STRONG BUY

The consensus recommendation from 4 analysts for Usha Martin is STRONG BUY

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Usha Martin Technical Analysis

Usha Martin EMA & SMA

Bearish-8
0 bullish, 8 bearish
Bullish0
Bearish8
5 Day460.0
10 Day466.7
12 Day469.1
20 Day477.1
26 Day481.1
50 Day488.7
100 Day487.4
200 Day470.8

Usha Martin Delivery And Volume

Daily Avg. Delivery Volume %
02 Nov, 202664.6%
Week52.9%
Month55.2%
Legend
Positive IndicatorNeutral IndicatorNegative Indicator

Usha Martin Resistance and Support

456.68
Pivot
First Resistance467.2
Second Resistance474.8
Third Resistance485.3
First Support449.0
Second Support438.5
Third Support430.9
Day RSI40.4
Day MACD-12
Day MFI38
Day MACD Signal Line-9.3

Usha Martin Beta

1 Month1.1
1 Year1.1
3 Month1.0
3 Year1.0

Usha Martin Price Change Analysis

↓-6.6%
Over 1 Month
LowHigh
442.3523.4
↓-7.4%
Over 3 Months
LowHigh
442.3542.6
↑1.7%
Over 6 Months
LowHigh
442.3542.6
↓-1.2%
Over 1 Year
LowHigh
380542.6
All Technicals →

Usha Martin Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026
 
NameCategorySharesShares %
Umil Share And Stock Broking Services LtdPromoter40,447,00013.5 %
India Opportunities Growth Fund Ltd - Pinewood StrategyFii14,233,2014.7 %
HufPublic3,310,8851.1 %
Tata Mutual FundsDii12,529,9894.2 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

All Shareholding details

Usha Martin Deals - Insider, Bulk, Block and SAST

Client NameDeal TypeActionDateAvg. PriceQuantityExchange
PETERHOUSE INVESTMENTS INDIA LIMITEDBlockSell12 Dec 20254302,300,000NSE
MORGAN STANLEY ASIA SINGAPORE PTEBlockPurchase12 Dec 2025430600,000NSE
BANDHAN MUTUAL FUNDBlockPurchase12 Dec 2025430600,000NSE
3P INDIA EQUITY FUND 1BlockPurchase12 Dec 20254301,100,000NSE
PETERHOUSE INVESTMENTS INDIA LIMITEDBulkSell12 Dec 20254302,300,000NSE
GRAVITON RESEARCH CAPITAL LLPBulkSell11 Oct 2024405.932,322,883NSE
GRAVITON RESEARCH CAPITAL LLPBulkPurchase11 Oct 2024405.822,322,883NSE
BNP PARIBAS ARBITRAGEBulkSell15 Sep 2023345.332,135,751NSE
BNP PARIBAS ARBITRAGEBulkPurchase15 Sep 2023341.2331,721NSE
SIXTEENTH STREET ASIAN GEMS FUNDBulkPurchase24 Jul 2023329.071,650,000NSE
All deals
All insider trades

Usha Martin Corporate Actions

Usha Martin Dividend history and yield

Usha Martin dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track Usha Martin dividend yield over time.

#Ex-Date
Dividend AmountDividend TypeRecord DateInstrument Type
113 Aug 2026
3.75FINAL13 Aug 2026Equity Share
231 Jul 2025
3FINAL31 Jul 2025Equity Share
306 Aug 2024
2.75FINAL06 Aug 2024Equity Share
403 Aug 2023
2.5FINAL03 Aug 2023Equity Share
520 Jul 2022
2FINAL21 Jul 2022Equity Share

Usha Martin Board Meetings

Usha Martin past and upcoming board meetings.

#Ex-Date
PurposeNotes
127 Jul 2026
Quarterly Results-
230 Apr 2026
Audited Results & Final Dividend-
329 Jan 2026
Quarterly Results-
408 Nov 2025
Quarterly Results-
512 Aug 2025
Quarterly Results-

Usha Martin Stock Split

Usha Martin stock split details, including announcement, record, and ex-split dates, along with the split ratios

#Ex-Date
Old FVNew FVRecord Date
129 Aug 2007
5105 Sep 2007
All Corporate Actions

Usha Martin Research Reports

Usha Martin research reports with share price targets, and buy/hold/sell recommendations from top brokers.

#
Date
Broker NameTargetPrice When RecommendedTypeUpsideChange Since RecommendationLinks
113 Sep 2026Anand Rathi620494.5Buy25.38%-7.08%pdf
223 Jun 2026Prabhudas Lilladhar570465.8Buy22.37%-1.35%pdf
320 Mar 2024Prabhudas Lilladhar-293.6Not Rated-56.51%pdf
415 Jan 2024SBI Securities360316.5Buy13.74%45.18%pdf
527 Jun 2023Edelweiss-272.4Not Rated-68.69%pdf
All Reports of Usha

Usha Martin Corporate Filings

Usha Martin BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.

DateAnnouncement TitleDetailsLinks
01 Nov 2026
Usha Martin Ltd - 517146 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - ESG Rating
Disclosure of ESG Rating assigned voluntarily by Niche Ninety Nine Capability and Certifications (OPC) Private Limited.
PDF
01 Nov 2026
Usha Martin Ltd - 517146 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations') - Completion Of Slump Sale Of The Business Undertaking Of U M Cables Limited ('Wholly-Owned Subsidiary')
Completion of Slump Sale of the Business Undertaking of U M Cables Limited ("Wholly Owned Subsidiary").
PDF
15 Oct 2026
Usha Martin Ltd - 517146 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - ESG Rating
Disclosure of ESG Rating assigned voluntarily by NSE Sustainability Ratings and Analytics Limited.
PDF
14 Oct 2026
Usha Martin Ltd - 517146 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed the certificates received from KFin Technologies Limited, RTA of the Company, confirming compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended 30th September 2026.
PDF
06 Oct 2026
Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication regarding "Special Window for Transfer and Dematerialization of Physical Securities".
PDF
VIEW ALL

Usha Martin DocumentsAsk MarketMind AI

Usha Martin Earnings Call

Usha Martin earnings calls, including management commentary and AI-generated summaries.

DateTitleLinks
03 Aug 2026Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
28 Jul 2026Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeLink
28 Jul 2026Usha Martin Results Earnings Call for Q1FY27AudioVideo
08 May 2026Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
04 Feb 2026Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
view all

Usha Martin Annual Reports

Usha Martin financials, including annual results, balance sheets, and cash flow statements.

DateReport TitleLinks
2026Annual Report Mar-2026Link
2025Annual Report Mar-2025Link
2024Annual Report Mar-2024Link
2023Annual Report Mar-2023Link
2022Annual Report Mar-2022Link

Usha Martin Credit Ratings

Usha Martin credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

DateRating AgencyCompany NameDescriptionLinks
22 Jul 2026india ratingsIndia Ratings Upgrades Usha Martin’s Bank Loan Facilities to ‘IND AA-’/Stable; Affirms CP at ‘IND A1+’Link
29 Jul 2025india ratingsIndia Ratings Affirms Usha Martin’s Bank Facilities at ‘IND A+’/Stable; CP at ‘IND A1+’Link
01 Aug 2023india ratingsIndia Ratings Affirms Usha Martin at ‘IND A'/Positive and its CP at ‘IND A1’Link
04 Aug 2022india ratingsIndia Ratings Revises Usha Martin’s Outlook to Positive; Affirms ‘IND A’ Link
23 Aug 2021india ratingsCorrection: India Ratings Upgrades Usha Martin to ‘IND A’/Stable; Rates CP at ‘IND A1’Link

Usha Martin Investor Presentations

Usha Martin investor presentations, including business updates, financial insights, and strategic initiatives.

DateReport TitleLinks
27 Jul 2026Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
30 Apr 2026Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
29 Jan 2026Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
27 Nov 2025Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
08 Nov 2025Usha Martin Ltd - 517146 - Announcement under Regulation 30 (LODR)-Investor PresentationLink

Usha Martin - Company Profile

Usha Martin Management Structure

Usha Martin management structure with salaries, total experience, and qualifications.

NAMEDESIGNATIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Chirantan ChatterjeeWhole Time Director,President(Sales,Marketing)95.03Mar 26
Manish AgarwalCompany Secretary,Compliance Officer-Mar 26
Mr. Abhijit PaulChief Financial Officer-Mar 26
Shreya JhawarDirector(Strategy,Growth)-Mar 26
Mr. Howe Wei YoongDirector(Sales,Marketing)-Mar 26
Sabyasachi MajumderManaging Director(Subsidiary Company)-Mar 26
Dimitri Bracco GartnerChief Executive Officer(Subsidiary Company)-Mar 26
Mr. Govind TekriwalDirector(Operations)-Mar 26
Mr. Sanjay SinghDirector(Operations)-Mar 26

Usha Martin Board of Directors

Usha Martin Board of directors with salaries, total experience, and qualifications.

NAMEPOSITIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Rajeev JhawarManaging Director396.93Mar 26
S B N SharmaWhole-time Director136.13Mar 26
Chirantan ChatterjeeWhole Time Director / President95.03Mar 26
Venkatachalam Ramakrishna IyerIndependent Non Exe. Director36.25Mar 26
S RaviIndependent Non Exe. Director34.75Mar 26
Vijay Singh BapnaChairman & Independent Directo34Mar 26
Ramni NirulaIndependent Non Exe. Director31Mar 26
Shreya JhawarNon-Exec & Non-Independent Dir-Mar 26
Dimitri Bracco GartnerNon-Exec & Non-Independent Dir-Mar 26
Sabyasachi MajumderNon-Exec & Non-Independent Dir-Mar 26
Manish AgarwalCompany Sec. & Compli. Officer-Mar 26
Website: www.ushamartin.com

About the company - Business Profile

Usha Martin Ltd. is a leading global manufacturer of wire ropes, catering to diverse sectors including oil and offshore, mining, elevators, and infrastructure. The company operates through a vertically integrated model, managing the production of wire, wire ropes, and strands. With a significant international footprint, Usha Martin has established itself as a key player in the high-value wire rope segment, focusing on value-driven volume expansion and specialized offshore applications.

Key Points

  • Key Facts: Founded in 1960, headquartered in Kolkata, India. The company is listed on the BSE (517146) and NSE (USHAMART).
  • Operations and Resources: Primary manufacturing facility is located in Ranchi, India. It maintains a global network with production and distribution assets across the UK, UAE, Thailand, and the USA. Notable facilities include a telecom cable plant at Silvassa (under subsidiary UM Cables).
  • Privatization and Ownership: As of December 31, 2025, promoters held 40% of the company. Institutional investors accounted for 28%, while corporate bodies and the public held 12% and 20% respectively.
  • Market and Significance: The company serves strategic industries such as Oil & Offshore (10%), Mining (12%), Construction and Infrastructure (27%), and Elevators (6%). It recently supported high-profile projects like India’s first vertical lift sea bridge and the world’s highest railway arch bridge.
  • Sustainability and Innovation: Initiatives include a solar rooftop project at the Ranchi facility. Innovation is focused on specialized products like OCEANMAX ropes for large-scale floating cranes (e.g., the 10,000-ton capacity SSCV Sleipnir).
  • Business Model: Usha Martin employs a high-value-led volume strategy. It excels in the design and manufacture of critical wire rope applications requiring high safety and durability standards.
  • Revenue Breakdown (FY 2024-25):
    • By Segment: Wire Ropes (66%), LRPC (15%), Wire and Strand (11%), and Others (8%).
    • By Geography: India (45%), Europe (26%), Asia Pacific (12%), Middle East and Africa (10%), and America (7%).
  • Financial Highlights (Consolidated FY 2024-25):
    • Revenue: Rs. 3,474.2 Crore.
    • EBITDA: Rs. 636.5 Crore (Margin: 18.3%).
    • Profit After Tax (PAT): Rs. 406.3 Crore.
    • Return on Capital Employed (ROCE): 19%.
  • Technology and Services: Provides Inspection, Maintenance, and Recertification (IMR) services using Non-Destructive Testing (NDT) to check for fatigue and micro-fractures.
  • Partnerships and Subsidiaries: Key subsidiaries include Usha Martin Americas Inc., Usha Martin International Ltd (UK), and Usha Siam Steel Industries (Thailand). Joint ventures include Pengg Usha Martin Wires and CCL Usha Martin Stressing Systems.
  • Strategic Initiatives:
    • Increasing production capacity at the Ranchi facility to meet global demand.
    • Restructuring UK operations (BSUK) into a leaner model focused on niche offshore segments.
    • Maintaining a low leverage position with a Net Debt/Equity ratio of 0.02x as of March 2025.

References

  1. Annual Report May 2025
  2. Investor Presentation Jan 2026
  3. Quarterly Results Jan 2026
  4. Investor Presentation Nov 2025
  5. Quarterly Results Nov 2025

Usha Martin FAQ

Usha Martin today is trading in the green, up by 3.05% at ₹459.5.
Usha Martin is currently trading up 3.05% on an intraday basis. In the past week the stock fell 0.12%. Stock has been down 7.35% in the past quarter and fell 1.15% in the past year. You can view this in the share price history/seasonality section.
Usha Martin is listed on NSE with the ticker USHAMART and on BSE as 517146. It's currently trading on NSE at a share price of ₹459.5 and on BSE with a share price of ₹457.5.
The market cap of Usha Martin is ₹14,002.89 Cr. as of Nov 02, 2026.
Usha Martin announced a FINAL dividend of 375% which equals ₹3.75 in Aug 13, 2026.The last three ex-dates for Usha Martin were Jul 31, 2025, Aug 06, 2024 and Aug 03, 2023. To view the full dividend history of Usha Martin click here.
Usha Martin has never issued bonus shares, but it has issued 1 stock split since its BSE/NSE listing. The latest announcement for Usha Martin stock split was on Aug 29, 2007 at a ratio of 5:1.
Usha Martin reported ₹1,041.56 Cr. in revenue, ₹141.98 Cr. in net profit, and ₹216.57 Cr. in EBITD as of Jul 27, 2026 for Q1 FY26-27.
According to the predictions of 4 analysts, the share price prediction for Usha Martin is ₹616.5 with an upside of 34%.
The PE ratio of Usha Martin is 27.62 as of Nov 02, 2026.
The PB ratio of Usha Martin is 4.07 as of Nov 02, 2026.
You can view the latest analyst reports on the Usha Martin reports dashboard. Either click on the Reports tab on this page's sub-header or click here to be directed to the dashboard.
You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.
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