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5171

Usha MartinBSE:517146 Stock Report

Market Cap

₹24.0b

7D

10.8%

1Y

217.5%

Updated

27 Sep, 2021

Data

Company Financials
517146 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends0/6

517146 Overview

Usha Martin Limited, together with its subsidiaries, manufactures and sells wires, wire ropes, and strands products in India and internationally.

Rewards

PE ratio (11.8x) is below the Indian market (20.7x)

Earnings grew by 212.3% over the past year

Risk Analysis

No risks detected for 517146 from our risk checks.

Usha Martin Competitors

JSW Steel

BSE:500228

₹1.6t

Tata Steel

BSE:500470

₹1.5t

Rajratan Global Wire

BSE:517522

₹20.4b

Mukand

BSE:500460

₹18.8b

Price History & Performance

Summary of all time highs, changes and price drops for Usha Martin
Historical stock prices
Current Share Price₹78.75
52 Week High₹19.80
52 Week Low₹81.50
Beta1.04
1 Month Change14.71%
3 Month Change39.13%
1 Year Change217.54%
3 Year Change166.95%
5 Year Change511.41%
Change since IPO-20.46%

Recent News & Updates

Shareholder Returns

517146IN Metals and MiningIN Market
7D10.8%-4.1%0.8%
1Y217.5%135.1%67.5%

Return vs Industry: 517146 exceeded the Indian Metals and Mining industry which returned 135.1% over the past year.

Return vs Market: 517146 exceeded the Indian Market which returned 67.5% over the past year.

Price Volatility

Is 517146's price volatile compared to industry and market?
517146 volatility
517146 Beta1.04
Industry Beta1.22
Market Beta1

Stable Share Price: 517146 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 517146's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19602,271Rajeev Jhawarhttps://www.ushamartin.com

Usha Martin Limited, together with its subsidiaries, manufactures and sells wires, wire ropes, and strands products in India and internationally. The company offers wire ropes, including oil and offshore, crane, mining, elevator, fishing, aerial, and general engineering ropes, as well as ropes for conveyor cords and structural systems. It also manufactures a range of industrial machines, including wire drawing machines, stranding machines, wire rope closing machines, steel plant equipment, cable machines, and material handling equipment; machines for manufacturing bright bars; machines for armoring and rewinding; and copper coating lines for CO2 welding wire manufacture.

Usha Martin Fundamentals Summary

How do Usha Martin's earnings and revenue compare to its market cap?
517146 fundamental statistics
Market Cap₹24.00b
Earnings (TTM)₹2.04b
Revenue (TTM)₹23.36b

11.8x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
517146 income statement (TTM)
Revenue₹23.36b
Cost of Revenue₹13.06b
Gross Profit₹10.31b
Expenses₹8.26b
Earnings₹2.04b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.70
Gross Margin44.11%
Net Profit Margin8.73%
Debt/Equity Ratio37.7%

How did 517146 perform over the long term?

See historical performance and comparison

Valuation

Is Usha Martin undervalued compared to its fair value and its price relative to the market?

11.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 517146 (₹78.75) is trading above our estimate of fair value (₹68.39)

Significantly Below Fair Value: 517146 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 517146 is poor value based on its PE Ratio (11.8x) compared to the Indian Metals and Mining industry average (11.3x).

PE vs Market: 517146 is good value based on its PE Ratio (11.8x) compared to the Indian market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 517146's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 517146 is overvalued based on its PB Ratio (1.7x) compared to the IN Metals and Mining industry average (1.5x).


Future Growth

How is Usha Martin forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-12.7%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Usha Martin has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Usha Martin performed over the past 5 years?

54.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 517146 has high quality earnings.

Growing Profit Margin: 517146's current net profit margins (8.7%) are higher than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: 517146 has become profitable over the past 5 years, growing earnings by 54.6% per year.

Accelerating Growth: 517146's earnings growth over the past year (212.3%) exceeds its 5-year average (54.6% per year).

Earnings vs Industry: 517146 earnings growth over the past year (212.3%) exceeded the Metals and Mining industry 131.6%.


Return on Equity

High ROE: 517146's Return on Equity (14.6%) is considered low.


Financial Health

How is Usha Martin's financial position?


Financial Position Analysis

Short Term Liabilities: 517146's short term assets (₹13.9B) exceed its short term liabilities (₹8.1B).

Long Term Liabilities: 517146's short term assets (₹13.9B) exceed its long term liabilities (₹3.9B).


Debt to Equity History and Analysis

Debt Level: 517146's debt to equity ratio (37.7%) is considered satisfactory.

Reducing Debt: 517146's debt to equity ratio has reduced from 306% to 37.7% over the past 5 years.

Debt Coverage: 517146's debt is well covered by operating cash flow (40.3%).

Interest Coverage: 517146's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


Dividend

What is Usha Martin current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 517146's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 517146's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 517146's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 517146's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 517146 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 517146's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average management tenure


CEO

Rajeev Jhawar (57 yo)

13.33yrs

Tenure

₹12,339,000

Compensation

Mr. Rajeev Jhawar has been the Managing Director at Usha Martin Limited since May 19, 2008. Mr. Jhawar has been associated with Usha Martin for more than a decade and has rich experience in the administrat...


CEO Compensation Analysis

Compensation vs Market: Rajeev's total compensation ($USD167.17K) is below average for companies of similar size in the Indian market ($USD305.65K).

Compensation vs Earnings: Rajeev's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 517146's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: 517146's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Usha Martin Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Usha Martin Limited
  • Ticker: 517146
  • Exchange: BSE
  • Founded: 1960
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹23.998b
  • Shares outstanding: 304.74m
  • Website: https://www.ushamartin.com

Number of Employees


Location

  • Usha Martin Limited
  • 2A, Shakespeare Sarani
  • Mangal Kalash
  • Kolkata
  • West Bengal
  • 700071
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 15:33
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.