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USHA

Usha Martin NSEI:USHAMART Stock Report

Last Price

₹108.85

Market Cap

₹33.2b

7D

2.9%

1Y

96.0%

Updated

24 Jun, 2022

Data

Company Financials
USHAMART fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

USHAMART Stock Overview

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

Usha Martin Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Usha Martin
Historical stock prices
Current Share Price₹108.85
52 Week High₹164.90
52 Week Low₹53.00
Beta0.78
1 Month Change-4.10%
3 Month Change-2.81%
1 Year Change95.95%
3 Year Change257.47%
5 Year Change478.99%
Change since IPO66.69%

Recent News & Updates

May 08
Usha Martin (NSE:USHAMART) Shareholders Will Want The ROCE Trajectory To Continue

Usha Martin (NSE:USHAMART) Shareholders Will Want The ROCE Trajectory To Continue

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...

Shareholder Returns

USHAMARTIN Metals and MiningIN Market
7D2.9%-4.1%2.3%
1Y96.0%-19.7%-0.9%

Return vs Industry: USHAMART exceeded the Indian Metals and Mining industry which returned -18.7% over the past year.

Return vs Market: USHAMART exceeded the Indian Market which returned -1.7% over the past year.

Price Volatility

Is USHAMART's price volatile compared to industry and market?
USHAMART volatility
USHAMART Average Weekly Movement8.1%
Metals and Mining Industry Average Movement7.7%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

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

Volatility Over Time: USHAMART'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?
USHAMART fundamental statistics
Market Cap₹33.19b
Earnings (TTM)₹2.91b
Revenue (TTM)₹26.88b

11.4x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
USHAMART income statement (TTM)
Revenue₹26.88b
Cost of Revenue₹14.87b
Gross Profit₹12.01b
Other Expenses₹9.10b
Earnings₹2.91b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)9.56
Gross Margin44.67%
Net Profit Margin10.84%
Debt/Equity Ratio21.6%

How did USHAMART perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

21%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is USHAMART undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for USHAMART?

Other financial metrics that can be useful for relative valuation.

USHAMART key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA9.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does USHAMART's PE Ratio compare to its peers?

USHAMART PE Ratio vs Peers
The above table shows the PE ratio for USHAMART vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.4x

Price-To-Earnings vs Peers: USHAMART is expensive based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (10.4x).


Price to Earnings Ratio vs Industry

How does USHAMART's PE Ratio compare vs other companies in the Indian Metals and Mining Industry?

Price-To-Earnings vs Industry: USHAMART is good value based on its Price-To-Earnings Ratio (11.4x) compared to the Indian Metals and Mining industry average (11.8x)


Price to Earnings Ratio vs Fair Ratio

What is USHAMART's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

USHAMART PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate USHAMART's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of USHAMART when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: USHAMART (₹108.85) is trading above our estimate of fair value (₹31.61)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-13.1%

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.


Discover growth companies

  • Check out Usha Martin's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • Usha Martin competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Usha Martin performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


56.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: USHAMART has high quality earnings.

Growing Profit Margin: USHAMART's current net profit margins (10.8%) are higher than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: USHAMART has become profitable over the past 5 years, growing earnings by 56% per year.

Accelerating Growth: USHAMART's earnings growth over the past year (89.1%) exceeds its 5-year average (56% per year).

Earnings vs Industry: USHAMART earnings growth over the past year (89.1%) exceeded the Metals and Mining industry 76.9%.


Return on Equity

High ROE: USHAMART's Return on Equity (17.2%) is considered low.


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Financial Health

How is Usha Martin's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: USHAMART's short term assets (₹15.9B) exceed its short term liabilities (₹7.0B).

Long Term Liabilities: USHAMART's short term assets (₹15.9B) exceed its long term liabilities (₹3.4B).


Debt to Equity History and Analysis

Debt Level: USHAMART's net debt to equity ratio (11.9%) is considered satisfactory.

Reducing Debt: USHAMART's debt to equity ratio has reduced from 445% to 21.6% over the past 5 years.

Debt Coverage: USHAMART's debt is well covered by operating cash flow (43.3%).

Interest Coverage: USHAMART's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.84%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: USHAMART's dividend (1.84%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: USHAMART's dividend (1.84%) is low compared to the top 25% of dividend payers in the Indian market (1.9%).


Stability and Growth of Payments

Stable Dividend: USHAMART's dividend payments have been volatile in the past 10 years.

Growing Dividend: USHAMART's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.9%), USHAMART's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (56.7%), USHAMART's dividend payments are covered by cash flows.


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Management

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

4.5yrs

Average management tenure


CEO

Rajeev Jhawar (57 yo)

14.08yrs

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 ($USD157.86K) is below average for companies of similar size in the Indian market ($USD262.17K).

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


Leadership Team

Experienced Management: USHAMART's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: USHAMART's board of directors are not considered experienced ( 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: USHAMART 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: USHAMART
  • Exchange: NSEI
  • Founded: 1960
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: ₹33.186b
  • 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 Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.