Usha Martin Education & Solutions Limited (UMESLTD)
₹4.87 +3.40% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Usha Martin's revenue was ₹0.3 Cr (+166.7% year on year, +60.0% on the previous quarter), and net profit ₹0.2 Cr (+53.8% year on year); the operating margin was 68.8%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.3 | +166.7% | +60.0% |
| Operating profit | ₹0.2 | from loss | +144.4% |
| Net profit | ₹0.2 | +53.8% | +150.0% |
| EPS (₹) | 0.08 | +60.0% | +166.7% |
| Operating margin | 68.8% | — | — |
UMESLTD delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 79.08% of the UMESLTD shares traded on NSE were taken to delivery, against the stock's own 20-session average of 78.68%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 65.4% · 83.6% · 91.7% · 79.4% · 79.1%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Usha Martin Education & Solutions Limited announced that its 29th Annual General Meeting (AGM) will take place virtually on September 30, 2026, at 01:00 PM. The Register of Members and Share Transfer Books will be closed from September 24, 2026, to September 30, 2026. The key agenda items include the adoption of FY2025-26 audited financial statements and the re-appointment of Mr. Anil Kumar Modi as an Independent Director for a second 5-year term. For context, the nano-cap company posted an FY26 net profit of ₹0.39 crore on revenue of ₹0.87 crore.
- 29th AGM scheduled for September 30, 2026, at 01:00 PM through VC/OAVM
- Book closure period set from September 24, 2026, to September 30, 2026 (both days inclusive)
- Proposed special resolution to re-appoint Independent Director Anil Kumar Modi for a second 5-year term
- Virtual participation facility limited to 1,000 members on a first-come, first-served basis (excluding large shareholders)
Usha Martin Education & Solutions Limited has issued notice for its 29th Annual General Meeting (AGM) scheduled for September 30, 2026, via video conferencing. The agenda includes routine adoption of FY26 financial statements and director rotations, including the re-appointment of Independent Director Mr. Anil Kumar Modi for a 5-year second term. Company share transfer books and register of members will be closed from September 24 to September 30, 2026. The announcement is strictly procedural with no direct financial impact on the company's micro-cap operations.
- 29th AGM scheduled for September 30, 2026 at 01:00 P.M. via VC/OAVM
- Book closure dates set from September 24, 2026 to September 30, 2026 (both days inclusive)
- Proposed special resolution for re-appointment of Independent Director Anil Kumar Modi for a second term of 5 years
- Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026
Usha Martin Education & Solutions Limited (UMESLTD) has approved its unaudited financial results for the quarter ended June 30, 2026. The company remains a micro-cap entity with a market capitalization of only Rs 16 Cr and a TTM revenue of Rs 1 Cr. While the company is debt-free and reported a net profit of Rs 0.39 Cr in FY26, its small scale makes it highly sensitive to operational costs. Investors should note the high Price-to-Book ratio of 9.5, which is elevated for its current revenue base.
- Board approved financial results for the first quarter ended June 30, 2026
- The board meeting was conducted in 70 minutes, starting at 01:00 PM and concluding at 02:10 PM
- Company operates on a very small scale with TTM revenue of just Rs 1 Cr
- Net profit for the previous full year (FY26) stood at Rs 0.39 Cr
- Promoter holding remains stable at 39.82% as of June 2026
Usha Martin Education & Solutions Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter ended June 30, 2026, all securities received for dematerialization were processed within the mandated 15-day period. The company's Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, verified that physical certificates were mutilated and cancelled after the depository's name was substituted in the records. This is a standard administrative procedure and does not impact the company's financial standing.
- Compliance certificate issued for the quarter ended June 30, 2026
- Dematerialization requests processed within 15 days of receipt
- Physical certificates mutilated and cancelled as per SEBI guidelines
- Confirmation provided by Registrar and Share Transfer Agent (RTA) MCS Share Transfer Agent Limited
Usha Martin Education & Solutions Limited (UMESLTD) has announced the closure of its trading window for designated persons starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are declared. Given the company's small scale with TTM revenue of approximately Rs 1 Cr, this is a routine administrative filing.
- Trading window closure begins on July 1, 2026
- Closure pertains to the Unaudited Financial Results for the quarter ended June 30, 2026
- Window to reopen 48 hours after the official result declaration
- Applies to all designated persons and their immediate relatives
The Board of Directors of Usha Martin Education & Solutions Limited approved the audited standalone and consolidated financial results for the quarter and fiscal year ended March 31, 2026. The company confirmed that the statutory auditors have issued an unmodified opinion on these financial statements, suggesting no major accounting irregularities. The board meeting was conducted on May 27, 2026, between 12:30 P.M. and 3:30 P.M. While the cover letter confirms the approval, specific financial figures like revenue and PAT were not detailed in this specific outcome document.
- Board approved Audited Financial Results (Standalone and Consolidated) for the year ended March 31, 2026.
- Statutory auditors provided a declaration of unmodified opinion on the financial results.
- The board meeting concluded within a three-hour window on May 27, 2026.
- Submission complies with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Usha Martin Education & Solutions Limited has filed its quarterly compliance certificate for the period ending March 31, 2026. The filing confirms that the company's Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, processed all dematerialization requests within the 15-day regulatory timeframe. The certificate verifies that physical share certificates were cancelled and the depository's name was updated in the records. This is a standard procedural disclosure required by SEBI for all listed entities to ensure the integrity of the shareholding system.
- Compliance certificate issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- Covers the quarter ended March 31, 2026.
- RTA confirms processing of dematerialization requests within 15 days of receipt.
- Physical certificates were mutilated and cancelled after listing on stock exchanges.
Usha Martin Education & Solutions Limited (UMESLTD) has announced the closure of its trading window effective April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of audited financial results for the fourth quarter and full year ending March 31, 2026. The restriction applies to all designated persons and their immediate relatives. The trading window will remain closed until 48 hours after the financial results are made public.
- Trading window closure starts on April 1, 2026, for all designated persons.
- Closure pertains to the Audited Financial Results for Q4 and the full year ended March 31, 2026.
- The window will reopen 48 hours after the official announcement of the financial results.
- Compliance is maintained under SEBI (Prohibition of Insider Trading) Regulations, 2015.
Usha Martin Education & Solutions Limited (UMESLTD) has responded to clarification requests from both the NSE and BSE regarding recent significant volatility in its share price. The company officially stated that it has disclosed all price-sensitive information as required under Regulation 30 of SEBI (LODR) Regulations, 2015. Management clarified that the price movement is purely market-driven and not due to any undisclosed internal developments or impending announcements. The company maintains that it has not withheld any information that could impact the scrip's price or volume behavior.
- NSE and BSE issued clarification requests on March 12, 2026, following significant price movement.
- Company submitted its formal response on March 13, 2026, denying any undisclosed material events.
- Management attributes the recent price and volume fluctuations entirely to external market conditions.
- UMESLTD confirmed full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Usha Martin Education & Solutions reported a consolidated net profit of ₹8.33 Lakhs for the quarter ended December 31, 2025, a sharp decline from ₹15.21 Lakhs in the same period last year. While revenue from operations grew 74.5% YoY to ₹20.25 Lakhs, the bottom line was severely impacted by a near-total absence of other income, which stood at ₹19.50 Lakhs in Q3 FY25. For the nine-month period, consolidated net profit remains slightly higher at ₹19.88 Lakhs compared to ₹18.36 Lakhs in the previous year. The company continues to operate on a very small scale with limited revenue growth.
- Consolidated Revenue from Operations increased 74.5% YoY to ₹20.25 Lakhs from ₹11.60 Lakhs.
- Consolidated Net Profit dropped 45.2% YoY to ₹8.33 Lakhs due to a sharp fall in Other Income.
- Other Income plummeted to ₹0.01 Lakh from ₹19.50 Lakhs in the corresponding quarter of the previous year.
- Total Expenses for the quarter were managed down to ₹11.86 Lakhs from ₹15.53 Lakhs YoY.
- Earnings Per Share (EPS) for the quarter halved to ₹0.03 from ₹0.06 in Q3 FY25.
Usha Martin Education & Solutions Limited reported a consolidated net profit of ₹8.33 Lakhs for the quarter ended December 31, 2025, down from ₹15.21 Lakhs in the previous year's corresponding quarter. While revenue from operations grew to ₹20.25 Lakhs from ₹11.60 Lakhs YoY, total income was impacted by a sharp decline in 'Other Income'. The company has successfully reduced its finance costs for the nine-month period to ₹3.97 Lakhs from ₹10.24 Lakhs. However, the overall scale of operations remains extremely small, and the company has opted not to recognize deferred tax assets due to uncertainty over future taxable income.
- Consolidated Net Profit decreased by 45.2% YoY to ₹8.33 Lakhs in Q3 FY26.
- Revenue from Operations increased to ₹20.25 Lakhs from ₹11.60 Lakhs in Q3 FY25.
- Total Income fell to ₹20.26 Lakhs from ₹31.10 Lakhs YoY due to lower 'Other Income' contributions.
- Finance costs for the nine-month period ending Dec 2025 were reduced to ₹3.97 Lakhs from ₹10.24 Lakhs YoY.
- The company continues to carry unabsorbed depreciation and business losses without recognizing deferred tax assets.
Usha Martin Education & Solutions Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter ended December 31, 2025, all share certificates received for dematerialization were processed within the mandatory 15-day window. The company's Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, verified that physical certificates were mutilated and cancelled. This is a standard administrative procedure to ensure the accuracy of electronic shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Registrar MCS Share Transfer Agent Limited confirmed processing within 15 days of receipt.
- Physical securities were mutilated, cancelled, and replaced by the depository's name in records.
- The filing ensures adherence to SEBI (Depositories and Participants) Regulations, 2018.
Usha Martin Education & Solutions Limited has announced the closure of its trading window for designated persons starting January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q3 financial results. The window will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter ending December 31, 2025. This is a standard regulatory procedure for listed companies in India.
- Trading window closure begins on January 1, 2026.
- Closure pertains to the unaudited financial results for the third quarter ended December 31, 2025.
- Trading restriction applies to designated persons and their immediate relatives.
- The window will reopen 48 hours after the official announcement of the Q3 results.
Financial Performance
Revenue Growth by Segment
The company operates in a single reportable segment. Total income for H1 FY26 was INR 37.68 lacs, representing a 4.0% YoY growth compared to INR 36.23 lacs in H1 FY25. Quarterly revenue for Q2 FY26 was INR 22.28 lacs, up 1.3% from INR 22.01 lacs in Q1 FY26.
Profitability Margins
Net profit margin significantly improved to 30.65% in H1 FY26 from 8.70% in H1 FY25. This expansion was driven by a 20.87% reduction in total expenses, which fell from INR 32.72 lacs to INR 25.89 lacs over the same period.
EBITDA Margin
EBITDA for H1 FY26 stood at INR 14.94 lacs, resulting in an EBITDA margin of 39.65%. This is a substantial increase from the H1 FY25 EBITDA of INR 11.27 lacs (31.11% margin), reflecting improved operational efficiency and cost control.
Capital Expenditure
Payments to acquire property, plant, and equipment were noted in the cash flow statement, but specific INR Cr values for planned Capex were not disclosed. Depreciation and amortization expense remained low at INR 0.18 lacs for H1 FY26.
Credit Rating & Borrowing
Finance costs for H1 FY26 were INR 2.97 lacs, a 61.18% decrease from INR 7.65 lacs in H1 FY25, suggesting a reduction in debt levels or lower borrowing costs. Specific credit ratings were not disclosed.
Operational Drivers
Raw Materials
As a service-oriented entity, the primary operational cost is Employee Benefit Expense, which totaled INR 11.74 lacs in H1 FY26, accounting for 45.35% of total expenses.
Raw Material Costs
Employee-related costs (the primary service 'input') remained stable YoY at INR 11.74 lacs in H1 FY26 vs INR 11.48 lacs in H1 FY25, despite the increase in total income.
Manufacturing Efficiency
Not applicable for this service-based business; however, the company monitors 'actual vs estimated efforts' in its time recording and budgeting systems to verify revenue recognition.
Strategic Growth
Growth Strategy
The company is focusing on returning to 'normalcy' following pandemic-related damage (2020-2021). Strategy involves leveraging its internal control framework to ensure standardized academic delivery and certification, while managing costs to improve net margins, which rose from 8.7% to 30.6% YoY.
Products & Services
Education and solutions services, including academic delivery, examination processes, and certification services.
Brand Portfolio
Usha Martin Education & Solutions Limited (UMESL), Usha Martin Education Private Limited (subsidiary).
Strategic Alliances
The company maintains a subsidiary, Usha Martin Education Private Limited, which contributed a net profit of INR 0.70 lacs on total assets of INR 129.91 lacs for the half-year ended September 2025.
External Factors
Industry Trends
The education and solutions industry is moving toward standardized digital and academic delivery. UMESL is positioning itself by strictly monitoring quality benchmarks and adopting Ind AS 115 for transparent revenue reporting.
Competitive Landscape
The company faces competition in the education and solutions sector, evidenced by its share price underperforming the Nifty 50 by 23.91% during the 2024-25 period.
Competitive Moat
The company's moat is built on its established internal control systems and standardized processes for academic delivery and certification, though its small scale (H1 revenue < INR 40 lacs) makes sustainability dependent on significant market expansion.
Macro Economic Sensitivity
The business is sensitive to post-pandemic recovery trends; management notes that the country is still recovering from damage created by the pandemic, which impacted operations in 2020 and 2021.
Consumer Behavior
Demand is tied to the return of normalcy in the education sector following unprecedented disruptions in 2020-2021.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act, 2013, and Indian Accounting Standards (Ind AS), specifically Ind AS 115 for revenue and Ind AS 108 for segment reporting.
Taxation Policy Impact
The company has unabsorbed depreciation and business losses available for set-off under the Income Tax Act, 1961. However, it has not recognized net deferred tax assets as a matter of prudence due to the inability to assess future taxable income.
Legal Contingencies
The company reported no pending litigation as of March 31, 2025, other than those mentioned in Note 38 of the accounts (specific value not provided in snippets).
Risk Analysis
Key Uncertainties
The primary uncertainty is the 'inability to assess future taxable income,' which prevented the recognition of deferred tax assets. This indicates a risk that the current profit growth may not be sustainable long-term.
Third Party Dependencies
The company relies on its subsidiary, Usha Martin Education Private Limited, for a portion of its consolidated asset base (INR 129.91 lacs).
Technology Obsolescence Risk
The audit highlighted risks in 'information technology systems' access and change management controls' relating to contract recording and revenue disclosure.
Credit & Counterparty Risk
The company monitors 'uncertain tax positions' and the 'recoverability of advance tax' as key audit matters, indicating potential credit/recovery risks with regulatory authorities.
