Flash Finance

Usha Martin LimitedUSHAMARTCorporate

Basic Materials Steel Latest results: Jun 2026 15 quarters of data
Consolidated Standalone
₹491.30
MCap ₹14,955 Cr · P/E 29.4
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹1,033 Cr
Sales · Jun 2026
+16.4% YoY
₹208 Cr
Operating Profit · Jun 2026
+43.8% YoY
20.1%
OPM % · Jun 2026
+23.3% YoY
₹142 Cr
Net Profit · Jun 2026
+40.9% YoY
₹4.66
EPS · Jun 2026
+40.8% YoY

📝 Usha Martin Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Usha Martin Limited reported revenue of ₹1,033 crore for the quarter ended June 2026 (Q1 FY27), up 16.4% from ₹887 crore in the same quarter last year, and up 5.5% sequentially over the March 2026 quarter.

Net profit rose 40.9% year-on-year to ₹142 crore, from ₹101 crore. Earnings per share (EPS) came in at ₹4.66.

Operating profit stood at ₹208 crore — an operating margin (OPM) of 20.1%, compared with 16.3% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Usha Martin Limited posted revenue of ₹3,691 crore, a growth of 6.3% over FY25, with a net profit of ₹467 crore (up 15.0% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹3,837 crore with a net profit of ₹508 crore.

Valuation snapshot

At the current price of ₹491.30, USHAMART has a market capitalisation of ₹14,955 crore and a trailing P/E of about 29.4.

Within the Steel industry, it is the 16th-largest of the 18 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 40.28%, foreign institutional investors (FIIs) 15.10%, domestic institutional investors (DIIs) 15.26%, public shareholders 29.25% of Usha Martin Limited.

Promoter holding slipped from 40.52% to 40.28% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹14,955 Cr
Current Price ?
₹491.3
P/E ?
29.44above ind
Industry P/E ?
28.90
P/B ?
4.53
P/S ?
3.90
P/FCF ?
30.58
Enterprise Value ?
₹15,184 Cr
EV/EBITDA ?
19.75
PEG ?
2.26
Earnings Yield ?
4.3%
Dividend Yield ?
0.61%
Profitability & Returns
Sales (TTM) ?
₹3,837 Cr
OPM ?
20.0%
Profit after tax (TTM) ?
₹508 Cr
EPS (TTM) ?
₹16.69
ROCE ?
20.0%
ROE ?
15.4%
ROA ?
12.1%
Growth
Sales — latest qtr ?
₹1,033 Cr
PAT — latest qtr ?
₹142 Cr
YoY qtr sales growth ?
16.4%
YoY qtr profit growth ?
40.9%
Sales growth (3y) ?
4%
Sales growth (5y) ?
12%
Profit growth (3y) ?
13%
Profit growth (5y) ?
28%
Financial Health
Debt ?
₹229 Cr
Debt to Equity ?
0.07
Interest Coverage ?
29.1
Current Ratio ?
N/A
Ownership
Promoter holding ?
40.28%
Change in promoter holding ?
-2.17%
Pledged percentage ?
N/A
Market
Return 3 months ?
-0.7%
Return 6 months ?
9.5%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 8348558147857978298268918618968879089179791,033 +16.4% +5.5%
Operating Profit 127154146144157152154161143140145173176212208 +43.8% -1.9%
Other Income 413425895114242010-52114 -32.2% -35.6%
Interest 886667789765544 -37.6% -2.5%
Depreciation 171718181923222326282928293134 +16.8% +8.1%
Profit Before Tax 110142129144140136135141118133130150138197184 +42.0% -6.5%
Net Profit 8410510111010810610410992101101110108148142 +40.9% -4.0%
EPS 2.763.463.313.593.533.493.423.603.043.323.313.603.534.854.66 +40.8% -3.9%
OPM % 15.2% 18.0% 17.9% 18.4% 19.7% 18.3% 18.6% 18.1% 16.6% 15.6% 16.3% 19.1% 19.2% 21.7% 20.1% +23.3% -7.4%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹3,474 Cr ₹3,691 Cr ₹3,837 Cr +6.3%
Operating Profit ₹597 Cr ₹706 Cr ₹769 Cr +18.1%
OPM % 17.19% 19.12% 20.04% +11.2%
NPM % 11.69% 12.65% 13.24% +8.2%
Other Income ₹44 Cr ₹46 Cr ₹40 Cr +5.6%
Depreciation ₹98 Cr ₹117 Cr ₹122 Cr +19.0%
Interest ₹30 Cr ₹20 Cr ₹18 Cr -32.2%
EBIT ₹499 Cr ₹589 Cr ₹647 Cr +18.0%
PBT ₹526 Cr ₹615 Cr ₹669 Cr +16.8%
Tax ₹88 Cr ₹29 Cr ₹42 Cr -67.4%
Net Profit ₹406 Cr ₹467 Cr ₹508 Cr +15.0%
EPS ₹13.38 ₹15.29 ₹16.64 +14.3%
Material Cost ₹1,375 Cr ₹449 Cr ₹526 Cr -67.4%
Employee Cost ₹353 Cr ₹113 Cr ₹122 Cr -67.9%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 31313131 +0.0%
Reserves 2,0002,3492,7213,271 +20.2%
Borrowings 417364417229 -45.1%
Other Liabilities 627570563681 +21.0%
Total Liabilities 3,0753,3133,7314,212 +12.9%
Fixed Assets 9521,1531,4061,625 +15.6%
CWIP 13916611889 -24.6%
Investments 66566879 +16.2%
Other Assets 1,9171,9382,1402,419 +13.0%
Total Assets 3,0753,3133,7314,212 +12.9%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 252444422655 +55.2%
Cash from Investing Activity -155-285-219-367 -67.6%
Cash from Financing Activity -101-159-91-321 -252.7%
Net Cash Flow -4-0111-33 -129.7%
Free Cash Flow 90168191489 +156.0%
CFO/OP 67%94%91%104% +14.3%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 56615564 +16.4%
Inventory Days 180199205187 -8.8%
Days Payable 60565661 +8.9%
Cash Conversion Cycle 175204205190 -7.3%
Working Capital Days 98114107109 +1.9%
ROCE % 21%22%19%20% +5.3%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 % Chg
Promoters 42.45%41.75%40.52%40.52%40.28% -0.6%
FIIs 14.29%14.14%14.62%14.77%15.10% +2.2%
DIIs 11.06%12.29%14.11%14.81%15.26% +3.0%
Public 32.15%31.74%30.63%29.80%29.25% -1.8%
Others 0.06%0.06%0.11%0.11%— —
No. of Shareholders 1,14,3491,04,8211,04,3971,01,1771,04,425 +3.2%

⚖️ Peer comparison

Industry: Steel · 18 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 JSWSTEEL JSW Steel ₹1,253.70 306,006 11.1 189,687 27,995 16.6% 14.8% 9.9% 630.7% 9.8% 112.6%
2 TATASTEEL Tata Steel ₹183.00 228,280 20.7 239,756 11,264 15.1% 4.7% 6.2% 243.0% 14.3% 18.8%
3 JINDALSTEL Jindal Steel ₹1,104.00 112,331 41.4 56,454 2,709 16.5% 4.8% 7.0% 18.1% 25.8% -43.6%
4 LLOYDSME Lloyds Metals ₹1,802.00 101,379 20.8 22,083 4,920 36.8% 22.3% 157.3% 164.0% 208.6% 170.2%
5 SAIL Steel Authority ₹179.00 73,936 17.3 111,134 4,272 12.0% 3.8% 8.1% 42.2% 1.2% 120.8%
6 NMDC NMDC ₹81.89 71,996 9.6 32,127 7,458 28.8% 23.2% 34.8% 13.8% 0.8% 0.4%
7 WELCORP Welspun ₹2,424.50 63,935 27.7 17,300 2,319 13.9% 13.4% 20.0% -14.8% 14.9% 200.3%
8 JSL Jindal Stainless ₹751.20 61,895 19.1 44,026 3,238 12.7% 7.4% 9.3% 27.4% 10.5% 7.6%
9 APLAPOLLO APL Apollo ₹2,149.30 59,677 48.5 23,064 1,229 8.0% 5.3% 9.4% 42.9% 8.4% 126.7%
10 SHYAMMETL Shyam Metalics ₹1,076.90 29,973 26.6 19,574 1,121 12.9% 5.7% 22.5% 16.6% 23.5% 20.7%
11 KIOCL KIOCL ₹356.85 21,688 n/m 680 38 -0.8% 5.7% 3.8% 107.9% 73.8% 59.0%
12 RATNAMANI Ratnamani Metals ₹2,827.00 19,815 41.9 4,495 534 16.9% 11.9% -13.3% -1.3% -36.7% -42.9%
13 JINDALSAW Jindal Saw ₹306.10 19,518 29.3 18,501 498 9.5% 2.7% -14.1% -36.5% 5.6% -74.5%
14 SARDAEN Sarda Energy ₹523.50 18,447 16.3 5,666 1,151 32.2% 20.3% 22.6% 60.7% -1.5% 9.5%
15 GPIL Godawari Power ₹239.40 15,575 19.2 5,808 808 21.7% 13.9% 0.1% -1.4% 32.3% 2.9%
16 USHAMART Usha Martin ₹478.85 14,576 28.8 3,837 508 20.0% 13.2% 6.3% 15.0% 16.4% 40.9%
17 GALLANTT Gallantt Ispat ₹550.00 13,270 27.3 4,420 486 16.2% 11.0% 3.0% 21.3% 12.4% 6.0%
18 BLEL Behari Lal ₹485.65 — — — — — — — — 18.5% 28.0%
❓ Frequently asked questions
What was Usha Martin Limited's revenue in Q1 FY27?
Usha Martin Limited reported revenue of ₹1,033 crore for the quarter ended June 2026 (Q1 FY27), up 16.4% from ₹887 crore in the same quarter last year, and up 5.5% sequentially over the March 2026 quarter.
What was Usha Martin Limited's net profit in Q1 FY27?
Net profit rose 40.9% year-on-year to ₹142 crore, from ₹101 crore. Earnings per share (EPS) came in at ₹4.66.
What is USHAMART's market capitalisation and P/E ratio?
At the current price of ₹491.30, USHAMART has a market capitalisation of ₹14,955 crore and a trailing P/E of about 29.4.
Who owns Usha Martin Limited? (shareholding pattern)
As of Jun 2026, promoters held 40.28%, foreign institutional investors (FIIs) 15.10%, domestic institutional investors (DIIs) 15.26%, public shareholders 29.25% of Usha Martin Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI