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 39.4
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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.
₹642 Cr
Sales · Jun 2026
+19.0% YoY
₹139 Cr
Operating Profit · Jun 2026
+44.9% YoY
21.6%
OPM % · Jun 2026
+22.0% YoY
₹98 Cr
Net Profit · Jun 2026
+37.7% YoY
₹3.21
EPS · Jun 2026
+37.8% YoY

📝 Usha Martin Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Usha Martin Limited reported revenue of ₹642 crore for the quarter ended June 2026 (Q1 FY27), up 19.0% from ₹540 crore in the same quarter last year, and up 0.4% sequentially over the March 2026 quarter.

Net profit rose 37.7% year-on-year to ₹98 crore, from ₹71 crore. Earnings per share (EPS) came in at ₹3.21.

Operating profit stood at ₹139 crore — an operating margin (OPM) of 21.6%, compared with 17.7% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Usha Martin Limited posted revenue of ₹2,313 crore, a decline of 4.3% over FY25, with a net profit of ₹353 crore (up 10.8% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹2,415 crore with a net profit of ₹380 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 39.4.

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 ?
39.40above ind
Industry P/E ?
28.90
P/B ?
8.36
P/S ?
6.19
P/FCF ?
45.60
Enterprise Value ?
₹14,958 Cr
EV/EBITDA ?
27.45
PEG ?
1.79
Earnings Yield ?
3.3%
Dividend Yield ?
0.61%
Profitability & Returns
Sales (TTM) ?
₹2,415 Cr
OPM ?
22.6%
Profit after tax (TTM) ?
₹380 Cr
EPS (TTM) ?
₹12.47
ROCE ?
30.0%
ROE ?
21.2%
ROA ?
17.4%
Growth
Sales — latest qtr ?
₹642 Cr
PAT — latest qtr ?
₹98 Cr
YoY qtr sales growth ?
19.0%
YoY qtr profit growth ?
37.7%
Sales growth (3y) ?
4%
Sales growth (5y) ?
11%
Profit growth (3y) ?
22%
Profit growth (5y) ?
31%
Financial Health
Debt ?
₹3 Cr
Debt to Equity ?
0.00
Interest Coverage ?
111.0
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 496511501498532515514794565544540551582640642 +19.0% +0.4%
Operating Profit 7684911001129710114011510096115125166139 +44.9% -16.3%
Other Income 4121730583193231512-10156 -57.6% -57.7%
Interest 341222273321101 -74.1% —
Depreciation 7777811102512131414141516 +15.5% +4.5%
Profit Before Tax 7085100120108929212710210795112100165129 +35.5% -21.8%
Net Profit 5263789181716994777871807412898 +37.7% -23.8%
EPS 1.702.072.573.002.672.332.263.102.532.572.332.612.444.223.21 +37.8% -23.9%
OPM % 15.3% 16.3% 18.2% 20.0% 21.1% 18.8% 19.7% 17.7% 20.4% 18.4% 17.7% 20.9% 21.5% 25.9% 21.6% +22.0% -16.6%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹2,418 Cr ₹2,313 Cr ₹2,415 Cr -4.3%
Operating Profit ₹457 Cr ₹502 Cr ₹545 Cr +9.9%
OPM % 18.88% 21.70% 22.56% +14.9%
NPM % 13.17% 15.26% 15.72% +15.9%
Other Income ₹48 Cr ₹32 Cr ₹23 Cr -32.8%
Depreciation ₹60 Cr ₹57 Cr ₹59 Cr -6.5%
Interest ₹15 Cr ₹4 Cr ₹3 Cr -73.9%
EBIT ₹396 Cr ₹445 Cr ₹486 Cr +12.4%
PBT ₹427 Cr ₹472 Cr ₹506 Cr +10.5%
Tax ₹84 Cr ₹24 Cr ₹31 Cr -71.0%
Net Profit ₹319 Cr ₹353 Cr ₹380 Cr +10.8%
EPS ₹10.46 ₹11.60 ₹12.48 +10.9%
Material Cost ₹932 Cr ₹299 Cr ₹344 Cr -67.9%
Employee Cost ₹144 Cr ₹45 Cr ₹48 Cr -68.9%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 31313131 +0.0%
Reserves 1,0491,2891,5001,758 +17.2%
Borrowings 1761351263 -97.6%
Other Liabilities 353331323388 +20.1%
Total Liabilities 1,6091,7871,9802,179 +10.1%
Fixed Assets 393569709797 +12.4%
CWIP 1341267185 +19.7%
Investments 151151151151 +0.0%
Other Assets 9319411,0481,146 +9.4%
Total Assets 1,6091,7871,9802,179 +10.1%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 142301313445 +42.2%
Cash from Investing Activity -122-173-106-316 -198.1%
Cash from Financing Activity -66-124-115-228 -98.3%
Net Cash Flow -46492-99 -207.6%
Free Cash Flow 792190328 +72.6%
CFO/OP 71%98%95%102% +7.4%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 37514543 -4.4%
Inventory Days 10910110699 -6.6%
Days Payable 37323440 +17.6%
Cash Conversion Cycle 108120117102 -12.8%
Working Capital Days 69807573 -2.7%
ROCE % 26%32%27%30% +11.1%

👥 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 ₹642 crore for the quarter ended June 2026 (Q1 FY27), up 19.0% from ₹540 crore in the same quarter last year, and up 0.4% sequentially over the March 2026 quarter.
What was Usha Martin Limited's net profit in Q1 FY27?
Net profit rose 37.7% year-on-year to ₹98 crore, from ₹71 crore. Earnings per share (EPS) came in at ₹3.21.
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 39.4.
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