Share price at the NSE close on 23 Oct 2026. Previous close ₹466.40.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹14,020 Cr467th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 27 Jul 2026
- 27.7
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 30 Apr 2026
- 4.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.82%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 27 Jul 2026
- 16.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 27 Jul 2026
- 18.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 30 Apr 2026
- 0.04
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 5,20,02652.8% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 27 Jul
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,033 Crup 5.49%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹142 Crdown 4.05%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 13.8%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2019, the company's revenue for that year, ₹2,470 Cr, differs from its quarters added, ₹3,257 Cr; the company reports a discontinued business.
| ₹ crore | Sep 2024Filed 7 Nov | Dec 2024Filed 29 Jan | Mar 2025Filed 10 Jun | Jun 2025Filed 12 Aug | Sep 2025Filed 8 Nov | Dec 2025Filed 29 Jan | Mar 2026Filed 30 Apr | Jun 2026Filed 27 Jul |
|---|---|---|---|---|---|---|---|---|
| Revenue | 891 | 861 | 896 | 887 | 908 | 917 | 979 | 1,033 |
| Net profit | 109 | 92 | 101 | 101 | 110 | 108 | 148 | 142 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 12.3% | 10.7% | 11.3% | 11.4% | – | 11.7% | 15.1% | 13.8% |
The quarters either side of a change of basis do not compare. From the quarter to Sep 2025, the company reports a discontinued business.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Wire & Wire RopesWire & Wire Ropes, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,613 Crup 7.08%97.9%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹78 Crdown 21.94%2.1%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2019: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 67% of 1,240 trading days over the last 5 years.
At or below today's level on 69% of 1,966 trading days since Nov 2018.
At or below today's level on 71% of 1,966 trading days since Nov 2018.
At or below today's level on 85% of 2,459 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +17.0% | +14.4% | +1.4% | 1.0% |
| 3 years | +23.1% | +10.0% | +11.1% | 0.9% |
| 5 years | +65.0% | +25.5% | +30.6% | 1.1% |
Mutual funds holding it
71 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 50 of the 52 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 20
- CutCut. Funds that held fewer shares than at the end of the month before.
- 32
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 15
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 3
| Fund | |||
|---|---|---|---|
 Tata Small Cap FundTata Mutual Fund | 1,16,09,989 | 4.38% | ₹578.9 Cr |
 quant Small Cap Fundquant Mutual Fund | 1,07,16,104 | 1.50% | ₹534.4 Cr |
 HDFC Small Cap FundHDFC Mutual Fund | 46,32,557 | 0.57% | ₹231.0 Cr |
 ICICI Prudential Commodities FundICICI Prudential Mutual Fund | 31,38,006 | 3.79% | ₹156.5 Cr |
 Bandhan Large & Mid Cap FundBandhan Mutual Fund | 24,17,714 | 0.58% | ₹120.6 Cr |
 Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund | 22,47,450 | 2.09% | ₹112.1 Cr |
| Bandhan Small Cap FundBandhan Mutual Fund | 11,59,577 | 0.16% | ₹57.8 Cr |
| HDFC Childrens FundHDFC Mutual Fund | 11,00,000 | 0.53% | ₹54.9 Cr |
| Tata Multicap FundTata Mutual Fund | 9,20,000 | 1.35% | ₹45.9 Cr |
 Mirae Asset Multicap FundMirae Asset Mutual Fund | 8,84,903 | 0.82% | ₹44.1 Cr |
Peers and competitors
Iron & Steel Products, 146 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Usha Martin in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 APL Apollo TubesAPLAPOLLO | 56,467 | 45.9 | 10.7 | 30.4 | +9.6% | +53.4% | 25.9% | 27.9% | 0.42% |
 Shyam Metalics and EnergySHYAMMETL | 31,578 | – | 2.7 | 12.9 | +22.8% | – | – | 11.8% | 0.40% |
 Ratnamani Metals & TubesRATNAMANI | 16,211 | 37.4 | 3.9 | 22.5 | −16.3% | −24.1% | 11.2% | 13.2% | 0.43% |
 Jindal SawJINDALSAW | 14,846 | 27.1 | 1.2 | 10.6 | −0.7% | −60.1% | 4.4% | 6.7% | 0.86% |
 Gallantt IspatGALLANTT | 13,074 | 32.1 | 3.7 | 21.0 | +5.5% | −17.3% | 12.4% | 12.3% | 0.37% |
 Godawari Power and IspatGPIL | 12,949 | 16.1 | 2.2 | 9.7 | +8.4% | +8.9% | 15.1% | 17.2% | 0.52% |
 Jayaswal Neco IndustriesJAYNECOIND | 8,612 | 12.5 | 2.6 | 6.3 | +18.3% | +82.8% | 23.4% | 25.3% | 0.00% |
 Maharashtra SeamlessMAHSEAMLES | 7,138 | 9.7 | 1.0 | 10.2 | −12.2% | – | 11.2% | 8.4% | 1.88% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 13 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹3.75 |
| 31 Jul 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹3.00 |
| 6 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.75 |
| 3 Aug 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.50 |
| 20 Jul 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 18 Jul 2013 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.15 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
23 Sep · General Updates
Usha Martin share price by year
Each calendar year to 2025.Usha Martin share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 454.00 | +20.6% | 481.60 | 289.25 |
| 2024 | 376.30 | +26.9% | 440.85 | 277.45 |
| 2023 | 296.45 | +72.2% | 370.85 | 167.65 |
| 2022 | 172.20 | +91.1% | 177.55 | 84.20 |
| 2021 | 90.10 | +144.8% | 100.85 | 28.70 |
| 2020 | 36.80 | +36.3% | 36.80 | 11.35 |
| 2019 | 27.00 | −25.3% | 41.25 | 22.50 |
| 2018 | 36.15 | +45.8% | 43.70 | 18.25 |
| 2017 | 24.80 | +65.3% | 27.25 | 15.25 |
| 2016 | 15.00 | +47.1% | 18.60 | 6.75 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 463.40 | 464.55 | 448.75 | 460.05 | 456.63 | 5,20,026 | 52.8% |
| 22 Oct 2026 | 482.00 | 482.50 | 464.10 | 466.40 | 470.08 | 3,81,703 | 39.9% |
| 21 Oct 2026 | 482.50 | 487.30 | 470.25 | 476.50 | 477.75 | 4,54,592 | 57.5% |
| 19 Oct 2026 | 494.65 | 494.65 | 483.00 | 485.15 | 486.69 | 4,81,055 | 61.4% |
| 16 Oct 2026 | 482.90 | 495.00 | 481.00 | 491.30 | 491.04 | 5,85,395 | 55.1% |
| 15 Oct 2026 | 486.25 | 487.00 | 480.00 | 482.90 | 482.80 | 3,39,303 | 59.2% |
| 14 Oct 2026 | 486.45 | 488.60 | 482.50 | 487.00 | 485.56 | 4,48,565 | 54.7% |
| 13 Oct 2026 | 486.55 | 490.00 | 477.15 | 486.45 | 484.09 | 5,02,397 | 50.6% |
| 12 Oct 2026 | 507.00 | 509.60 | 481.60 | 483.15 | 490.10 | 7,31,681 | 58.1% |
| 9 Oct 2026 | 505.00 | 509.40 | 496.05 | 502.05 | 501.79 | 6,38,061 | 78.9% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 25 Sep 2014 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 29 Aug 2007 | Split | 0.2000 | Each share became 5. |
About Usha Martin
Usha Martin Limited manufactures steel wire ropes, wires and strands. Wire rope is its flagship product. It also makes specialty wires, including welding wires and spring wires, and plasticated low relaxation prestressed concrete (LRPC) strands used in stay cables for bridges. Its customers work in industries such as oil and gas, mining, elevators, heavy engineering and shipping, across six continents.
The company reports its products as wire rope, wire and strands, and LRPC strand. Alongside manufacturing, it supplies prestressing equipment, rigging services, and inspection, maintenance and recertification of ropes. Its range also includes OceanFibre, a line of synthetic fibre rope solutions for marine and offshore use.
It has a plant at Ranchi in India. Subsidiaries run production facilities in Nottinghamshire in the United Kingdom, in the Jebel Ali Free Zone in Dubai and in Bangkok in Thailand. A wholly owned subsidiary, U M Cables Limited, manufactures telecom cables at Silvassa in India. Research and development centres operate in India and Italy. The company also has wholly owned subsidiaries in Singapore and in Houston in the United States.
The business was founded in 1960 with a single manufacturing facility at Ranchi. The company was incorporated in 1986. Its European operations are overseen by Usha Martin International Limited, a wholly owned subsidiary in the United Kingdom, which includes Brunton Shaw UK Limited and De Ruiter Staalkabel B.V.
Rajeev Jhawar, its Managing Director, is a promoter. A promoter is the person or group that set up a company or controls it.
- Legal name
- Usha Martin Limited
- NSE symbol
- USHAMART
- BSE code
- 517146
- ISIN
- INE228A01035
- Industry
- Industrial Products
- Listed
- Jul 1988 on BSE, Oct 2000 on NSE
- Face value
- ₹1
- Former symbols
- USHABEL
- CIN
- L31400WB1986PLC091621
- Corporate identity number, the registrar of companies' code for it