Usha Martin Limited

Web: ushamartin.com NSE: USHAMART BSE: 517146 SECTOR: Capital Goods - Industrial Products | Add Note | View Notes

520 4(1%)

Near 52W High of 529

Volume

9L as on 03, Sep

Open

392

High

388

Low

376

516

VWAP

512

52 Week High

529

52 Week Low

374

Viand Research Rating

Quality Score

61/100

Growth Score

25/100

Valuation Score

50/100

Momentum Score

70/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

15,825

No. of Shares

30.5

P/E

40.97

P/B

9.7

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

23.68

ROCE

Profit Growth

Listing Date

11-Oct-00

Promoter Holding

40.52%

FII Holding

14.77%

DII Holding

14.81%

Price Chart

Price Performance

1 Week5%

1 Month2%

3 Months4%

6 Months22%

1 Year35%

YTD16%

Moving Average

5 Day SMA502

10 Day SMA495

20 Day SMA499

30 Day SMA501

50 Day SMA501

61 Day SMA498

80 Day SMA495

200 Day SMA456

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	518	504	513	520
Resistance 2	513	503	509	514
Resistance 1	507	503	507	510
Pivot Point	503	502	503	504
Support 1	497	501	499	500
Support 2	492	500	496	494
Support 3	487	499	492	490

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,29,158	4922	3%	2%	21%	7%	31	94	0	9116
2	BEL	2,98,458	405	1%	4%	10%	10%	49	94	0	6062
3	TMCV	1,68,152	457	3%	2%	8%	40%	0	94	0.44	3030
4	ABB	1,57,098	7414	1%	2%	24%	44%	93	94	0.02	1668
5	BHEL	1,50,199	431	0%	5%	65%	105%	409	94	0.31	1600
6	SIEMENS	1,41,882	3984	2%	3%	21%	28%	66	94	0.02	2754
7	CGPOWER	1,41,050	895	0%	8%	26%	21%	119	94	0.01	1199
8	POWERINDIA	1,40,760	31580	6%	0	25%	69%	150	94	0.02	988
9	CUMMINSIND	1,39,335	5026	2%	9%	5%	29%	74	94	0	2362
10	POLYCAB	1,24,768	8280	3%	3%	3%	21%	52	94	0.02	2708
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 40.52%	(-1.21) 40.52%	(-0.71) 41.75%	(-1.51) 42.45%	(0.41) 43.90%	(-0.11) 43.48%	(-1.61) 43.54%	(-0.91) 45.11%	(-1.41) 46.04%	(-0.11) 47.41%	(-0.41) 47.51%	(-0.41) 47.87%	(0.01) 48.27%	(-0.41) 48.30%	(-0.31) 48.70%	(-0.21) 49.04%	(-0.51) 49.26%	(-0.31) 49.79%	(0.01) 50.13%
FIIs	(0.21) 14.77%	(0.51) 14.62%	(-0.11) 14.14%	(0.01) 14.29%	(0.01) 14.25%	(-0.31) 14.29%	(0.41) 14.61%	(-0.61) 14.19%	(1.81) 14.78%	(0.91) 12.94%	(2.71) 12.03%	(-0.21) 9.29%	(0.71) 9.50%	(-0.11) 8.83%	(0.21) 8.89%	(0.01) 8.68%	(0.11) 8.69%	(0.01) 8.60%	(0.01) 8.57%
DIIs	(0.71) 14.81%	(1.81) 14.11%	(1.21) 12.29%	(1.81) 11.06%	(1.11) 9.25%	(0.71) 8.14%	(2.61) 7.44%	(1.31) 4.88%	(0.21) 3.60%	(-0.41) 3.45%	(0.41) 3.86%	(1.31) 3.44%	(1.31) 2.12%	(0.81) 0.83%	(0.01) 0.04%	(0.01) 0.06%	(0.01) 0.05%	(0.01) 0.05%	(0.01) 0.05%
Public	29.80%	30.63%	31.74%	32.15%	32.53%	34.08%	34.40%	35.81%	35.57%	36.20%	36.60%	39.38%	40.12%	42.04%	42.37%	42.22%	42.00%	41.56%	41.24%
No. of Shareholders	101,177	104,397	104,821	114,349	118,564	150,403	111,193	100,100	85,447	81,195	76,482	71,454	66,393	66,047	66,901	65,584	62,397	65,074	63,379

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	979	917	908	887	896	861	891	826	829	797	785	814	855	834	820	759	767	712	594	615
Sales Growth % (YoY)	9.3%	6.6%	1.8%	7.4%	8.1%	8%	13.6%	1.5%	-3.1%	-4.4%	-4.3%	7.3%	11.6%	17.1%	38.1%	23.3%	17.4%	29.5%	14.6%	63.6%
Sales Growth % (QoQ)	6.8%	1%	2.4%	-1%	4.1%	-3.4%	7.9%	-0.4%	4%	1.5%	-3.6%	-4.8%	2.5%	1.7%	8%	-1%	7.7%	19.9%	-3.4%	-
Expenses	768	741	735	743	757	718	730	672	678	640	640	669	701	707	705	641	660	612	509	524
Operating Profit	212	176	173	145	140	143	161	154	152	157	144	146	154	127	115	117	107	100	85	91
OPM %	22	19	19	16	16	17	18	19	18	20	18	18	18	15	14	15	14	14	14	15
Other Income	21	-5	10	20	28	9	11	9	14	8	25	7	13	7	9	10	40	9	14	6
Interest	4	5	5	6	7	9	8	7	7	6	6	6	8	8	8	7	7	11	12	12
Depreciation	31	29	28	29	28	26	23	22	23	19	18	18	17	17	17	17	17	17	18	18
Profit before tax	197	138	150	130	133	118	141	135	136	140	144	129	142	110	100	103	122	81	69	69
Tax %	25	22	27	22	24	22	23	23	22	23	24	22	26	23	21	20	11	20	18	18
Net Profit	148	108	110	101	101	92	109	104	106	108	110	101	105	84	79	82	109	67	58	58
Net Profit Growth % (QoQ)	37%	-1.8%	8.9%	-	9.8%	-15.6%	4.8%	-1.9%	-1.9%	-1.8%	8.9%	-3.8%	25%	6.3%	-3.7%	-24.8%	62.7%	15.5%	-	-
Net Profit Growth % (YoY)	46.5%	17.4%	0.9%	-2.9%	-4.7%	-14.8%	-0.9%	3%	1%	28.6%	39.2%	23.2%	-3.7%	25.4%	36.2%	41.4%	-	-	-	-
TTM Net Profit	467	420	404	403	406	411	427	428	425	424	400	369	350	354	337	316	292	183	116	0
EPS in Rs	4.85	3.53	3.6	3.31	3.31	3.04	3.6	3.42	3.49	3.53	3.59	3.31	3.45	2.75	2.59	2.69	3.57	2.2	1.89	1.9

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	3691	3474	3225	3268	2688	2097	2154	2488	2066	3882	4112	4561	4074	3622
Sales Growth %	6.2%	7.7%	-1.3%	21.6%	28.2%	-2.6%	-13.4%	20.4%	-46.8%	-5.6%	-9.8%	12%	12.5%	7.8%
Expenses	2986	2877	2627	2754	2304	1814	1922	2512	2253	3493	3771	3845	3357	3006
Operating Profit	705	597	599	513	384	284	232	-24	-188	389	341	717	717	616
OPM %	19	17	19	16	14	14	11	-1	-9	10	8	16	18	17
Other Income	46	57	53	40	75	24	537	17	77	120	32	-63	82	89
Interest	20	30	25	30	42	57	74	114	92	564	547	522	440	338
Depreciation	116	98	77	67	70	68	64	61	60	300	308	418	333	264
Profit before tax	615	527	550	455	346	183	630	-181	-264	-355	-481	-287	27	104
Tax %	24	23	23	23	16	20	33	-126	2	1	-11	-12	50	21
Net Profit	466	406	424	351	291	152	421	49	-268	-358	-428	-251	13	82
Net Profit Growth %	14.8%	-4.2%	20.8%	20.6%	91.4%	-63.9%	759.2%	118.3%	25.1%	16.4%	-70.5%	-2030.8%	-84.1%	-
EPS in Rs	15.29	13.37	13.91	11.49	9.56	4.91	13.74	1.57	-8.9	-11.78	-14.1	-8.31	0.35	2.59
Dividend Payout %	25	22	20	22	21	0	0	0	0	0	0	0	0	6

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	655	422	444	252	159	214	212	974	914	686	856	729	1144	429
Cash from Investing Activity	-367	-219	-285	-155	57	-34	2942	-3	-35	-29	-385	-563	-1050	-810
Cash from Financing Activity	-321	-91	-159	-101	-161	-177	-3105	-973	-872	-663	-491	-266	18	243
Net Cash Flow	-33	111	0	-4	55	2	50	-2	7	-5	-20	-100	113	-138

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	31	31	31	31	31	31	31	31	31	31	31	31	31	31	31	31
Reserves	3271	2934	2721	2544	2349	2000	1663	1373	1197	751	697	914	1323	1728	1972	1905
Borrowings	229	264	417	459	364	417	411	530	620	3565	4073	4364	4472	3993	3732	3193
Other Liabilities	681	624	563	627	570	627	625	649	696	2645	2646	2423	2111	2556	2914	2718
Total Liabilities	4212	3854	3731	3660	3313	3075	2730	2582	2544	6992	7445	7731	7936	8307	8649	7846
Fixed Assets	1625	1461	1406	1291	1153	952	913	932	956	935	4862	5031	5302	5477	5500	3641
CWIP	89	177	118	151	166	139	38	45	33	13	113	121	147	132	373	1294
Investments	79	70	68	59	56	66	56	48	44	42	39	37	46	0	0	0
Other Assets	2419	2146	2140	2160	1938	1917	1722	1557	1511	6001	2432	2542	2441	2698	2775	2911
Total Assets	4212	3854	3731	3660	3313	3075	2730	2582	2544	6992	7445	7731	7936	8307	8649	7846

Delivery

Delivery Data: USHAMART

#	Date	477 11% 529	Value (Cr)	Q/T 61	Del 46	Del 67
1	4-Sep	514	85	41	37	32
2	3-Sep	516	47	32	48	22
3	2-Sep	502	93	84	69	64
4	1-Sep	500	205	105	63	130
5	31-Aug	499	24	28	60	14
6	28-Aug	492	19	18	58	11
7	27-Aug	489	25	21	53	13
8	26-Aug	496	13	23	45	6
9	25-Aug	487	9	18	63	5
10	24-Aug	491	15	20	55	8
11	21-Aug	481	26	35	66	17
12	20-Aug	496	32	35	60	19
13	19-Aug	502	13	26	57	8
14	18-Aug	499	25	27	52	13
15	17-Aug	498	13	19	48	6
16	14-Aug	488	15	26	62	9
17	13-Aug	497	19	26	51	10
18	12-Aug	503	21	28	60	13
19	11-Aug	510	12	17	54	6
20	10-Aug	517	19	27	57	11
21	7-Aug	515	11	19	46	5
22	6-Aug	516	23	30	53	12
23	5-Aug	520	48	38	56	27
24	4-Aug	504	29	38	59	17
25	3-Aug	504	28	33	53	15
26	31-Jul	496	18	23	53	10
27	30-Jul	502	13	25	47	6
28	29-Jul	511	33	40	39	13
29	28-Jul	512	199	52	23	45
30	27-Jul	502	15	28	49	8
31	24-Jul	496	16	32	49	8
32	23-Jul	496	11	20	57	6
33	22-Jul	497	11	20	49	5
34	21-Jul	500	11	25	52	5
35	20-Jul	508	20	34	65	13
36	17-Jul	495	14	21	55	7
37	16-Jul	500	19	17	58	11
38	15-Jul	497	7	20	55	4
39	14-Jul	497	31	39	63	20
40	13-Jul	510	16	29	67	11
41	10-Jul	510	18	26	67	12
42	9-Jul	502	12	23	46	6
43	8-Jul	490	14	23	48	7
44	7-Jul	507	19	28	46	9
45	6-Jul	515	33	35	56	19
46	3-Jul	514	46	41	46	21
47	2-Jul	502	21	26	58	12
48	1-Jul	493	21	16	52	11
49	30-Jun	497	62	34	51	31
50	29-Jun	484	47	29	45	21

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	15,825c	267c	1.71
03-Sep	15,559c	186c	1.21
01-Sep	15,373c	171c	1.12
31-Aug	15,202c	270c	1.81
27-Aug	14,932c	61c	0.41
26-Aug	14,871c	37c	0.25
25-Aug	14,908c	17c	0.11
24-Aug	14,925c	221c	1.46
21-Aug	15,146c	140c	0.92
19-Aug	15,286c	49c	0.32
18-Aug	15,237c	24c	0.16
17-Aug	15,213c	360c	2.42
14-Aug	14,853c	216c	1.44
13-Aug	15,070c	210c	1.38
12-Aug	15,280c	475c	3.02
11-Aug	15,755c	0	0
10-Aug	15,755c	5c	0.03
06-Aug	15,751c	407c	2.65
04-Aug	15,344c	198c	1.31
31-Jul	15,146c	198c	1.29
30-Jul	15,344c	306c	1.96
29-Jul	15,650c	32c	0.20
28-Jul	15,618c	259c	1.69
27-Jul	15,359c	0	0

Stock Checklist

Price is above from 52 week high low average: 94%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 103 fund scheme(s) across 23 fund house(s) as of Aug26 · Total value ₹3,627 Cr · 26 increasing / 14 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Tata Mutual Fund	4	3.83%	-0.08%	1242.9
quant Mutual Fund	4	1.38%	-0.03%	1132.2
ICICI Prudential Mutual Fund	12	0.92%	-0.13%	498.8
Bandhan Mutual Fund	10	0.32%	+0.04%	318.8
Mahindra Manulife Mutual Fund	2	2.28%	-	223.4
Mirae Asset Mutual Fund	4	0.43%	+0.43%	45.8
Navi Mutual Fund	12	2.10%	+0.10%	32.4
Nippon India Mutual Fund	4	0.39%	+0.01%	30.6
Motilal Oswal Mutual Fund	8	0.17%	+0.01%	29.8
ITI Mutual Fund	4	1.62%	-0.01%	18.5
Bajaj Finserv Mutual Fund	2	0.35%	+0.35%	16.3
SBI Mutual Fund	4	0.30%	+0.01%	15.2
Edelweiss Mutual Fund	4	0.50%	+0.02%	8.6
HDFC Mutual Fund	6	0.24%	-0.01%	7.4
Jio BlackRock Mutual Fund	2	0.30%	+0.01%	1.6
Groww Mutual Fund	4	0.14%	+0.01%	1.5
UTI Mutual Fund	4	0.27%	-0.05%	1.2
Aditya Birla Sun Life Mutual Fund	2	0.55%	+0.55%	0.8
Kotak Mahindra Mutual Fund	2	0.42%	-0.01%	0.6
Axis Mutual Fund	2	0.04%	-	0.3
DSP Mutual Fund	4	0.23%	+0.02%	0.1
Angel One Mutual Fund	2	0.05%	-	0.1
Zerodha Mutual Fund	1	0.20%	-	0

Usha Martin Limited

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