Usha Martin
Market Cap
₹10.1b
Last Updated
2019/11/13 12:42 UTC
Data Sources
Company Financials
Executive Summary
Usha Martin Limited, together with its subsidiaries, manufactures and sells wires, wire ropes, and strands products in India and internationally.
Snowflake
Fundamentals
Undervalued with adequate balance sheet.
Similar Companies
Share Price & News
How has Usha Martin's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: USHAMART's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.3%
USHAMART
0.09%
IN Metals and Mining
-0.6%
IN Market
1 Year Return
-30.3%
USHAMART
-23.5%
IN Metals and Mining
5.0%
IN Market
Return vs Industry: USHAMART underperformed the Indian Metals and Mining industry which returned -23.5% over the past year.
Return vs Market: USHAMART underperformed the Indian Market which returned 5% over the past year.
Shareholder returns
| USHAMART | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 0.09% | -0.6% |
| 30 Day | 16.2% | 9.9% | 5.9% |
| 90 Day | 21.3% | 7.6% | 8.2% |
| 1 Year | -30.3%-30.3% | -22.2%-23.5% | 7.0%5.0% |
| 3 Year | 122.3%122.3% | 9.6%-2.5% | 36.1%29.2% |
| 5 Year | 1.7%1.7% | 7.9%-9.4% | 38.6%25.8% |
Price Volatility Vs. Market
How volatile is Usha Martin's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Usha Martin Limited (NSE:USHAMART) Might Not Be A Great Investment1 month ago | Simply Wall St
Could Usha Martin Limited's (NSE:USHAMART) Investor Composition Influence The Stock Price?1 month ago | Simply Wall St
Should You Worry About Usha Martin Limited's (NSE:USHAMART) CEO Pay Cheque?Valuation
Is Usha Martin undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: USHAMART (₹30.45) is trading below our estimate of fair value (₹141.12)
Significantly Below Fair Value: USHAMART is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: USHAMART is good value based on its PE Ratio (4.4x) compared to the Metals and Mining industry average (8.4x).
PE vs Market: USHAMART is good value based on its PE Ratio (4.4x) compared to the Indian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate USHAMART's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: USHAMART is good value based on its PB Ratio (0.8x) compared to the IN Metals and Mining industry average (0.8x).
Next Steps
Future Growth
How is Usha Martin forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
11.4%
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.
Next Steps
- Examine whether Usha Martin is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Usha Martin competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Usha Martin performed over the past 5 years?
26.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: USHAMART has high quality earnings.
Growing Profit Margin: USHAMART's current net profit margins (8.9%) are higher than last year (-4.8%).
Past Earnings Growth Analysis
Earnings Trend: USHAMART has become profitable over the past 5 years, growing earnings by 26.7% per year.
Accelerating Growth: USHAMART has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: USHAMART has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.4%).
Return on Equity
High ROE: USHAMART's Return on Equity (17.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Usha Martin's financial position?
Financial Position Analysis
Short Term Liabilities: USHAMART's short term assets (₹13.7B) exceeds its short term liabilities (₹10.5B)
Long Term Liabilities: USHAMART's short term assets (13.7B) exceeds its long term liabilities (4.0B)
Debt to Equity History and Analysis
Debt Level: USHAMART's debt to equity ratio (45.8%) is considered high
Reducing Debt: USHAMART's debt to equity ratio has reduced from 197% to 45.8% over the past 5 years.
Debt Coverage: USHAMART's debt is well covered by operating cash flow (122%).
Interest Coverage: USHAMART's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
Inventory Level: USHAMART has a high level of physical assets or inventory.
Debt Coverage by Assets: USHAMART's debt is covered by short term assets (assets are 2.4x debt).
Next Steps
Dividend
What is Usha Martin's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate USHAMART's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate USHAMART's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if USHAMART's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if USHAMART's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: USHAMART is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of USHAMART's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
What is the CEO of Usha Martin's salary, the management and board of directors tenure and is there insider trading?
3.3yrs
Average management tenure
CEO
Rajeev Jhawar (55yo)
11.5yrs
Tenure
₹15,756,000
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 ($USD219.56K) is above average for companies of similar size in the Indian market ($USD33.52K).
Compensation vs Earnings: Rajeev's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.3yrs
Average Tenure
55yo
Average Age
Experienced Management: USHAMART's management team is considered experienced (3.3 years average tenure).
Board Age and Tenure
4.0yrs
Average Tenure
69yo
Average Age
Experienced Board: USHAMART's board of directors are considered experienced (4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 135,000 |
| Max Price | ₹28.26 |
| Entity | Company |
| Shares | 305,433 |
| Max Price | ₹26.49 |
| Entity | Company |
| Shares | 50,000 |
| Max Price | ₹27.24 |
| Entity | Company |
| Shares | 100,000 |
| Max Price | ₹27.08 |
| Entity | Company |
| Shares | 1,400,456 |
| Max Price | ₹41.25 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Rajeev Jhawar (55yo)
MD & Executive Director
- Tenure: 11.5yrs
- Compensation: ₹15.76m
Anirban Sanyal
Chief Financial Officer
- Tenure: 0.6yrs
Shampa Ray
Compliance Officer & Company Secretary
- Tenure: 3.3yrs
- Compensation: ₹3.42m
Dhrub Basu (61yo)
President of Human Resources
- Tenure: 0yrs
Pravin Jain (65yo)
Joint MD & Executive Director
- Tenure: 9.8yrs
- Compensation: ₹15.86m
S. Mazumder
Managing Director of Brunton Wolf Wire Ropes
- Tenure: 0yrs
Jayanta Bhowmik (52yo)
Senior Vice President of Information Technology
- Tenure: 0yrs
- Bedanand (43yo)
Vice President of Commercial
- Tenure: 0yrs
Devadip Bhowmik (54yo)
Chief Marketing Officer & VP
- Tenure: 0yrs
Ranajit Chakraborty (60yo)
Vice President of Power Plant
- Tenure: 0yrs
Board Members
Mukesh Rohatgi (69yo)
Independent Director
- Tenure: 2.9yrs
- Compensation: ₹450.00k
Rajeev Jhawar (55yo)
MD & Executive Director
- Tenure: 11.5yrs
- Compensation: ₹15.76m
Brij Jhawar (82yo)
Founder & Non-Executive Director
- Tenure: 15.1yrs
- Compensation: ₹300.00k
Pravin Jain (65yo)
Joint MD & Executive Director
- Tenure: 9.8yrs
- Compensation: ₹15.86m
Vijay Bapna (71yo)
Additional Independent Director
- Tenure: 0.5yrs
Venkatachalam Ramakrishna Iyer
Nominee Director
- Tenure: 4yrs
- Compensation: ₹350.00k
Company Information
Usha Martin Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Usha Martin Limited
- Ticker: USHAMART
- Exchange: NSEI
- Founded: 1960
- Industry: Steel
- Sector: Materials
- Market Cap: ₹10.056b
- Shares outstanding: 304.74m
- Website: https://www.ushamartin.com
Location
- Usha Martin Limited
- 2A, Shakespeare Sarani
- Mangal Kalash
- Kolkata
- West Bengal
- 700071
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| USHMA | BDL (Bourse de Luxembourg) | GDR EACH REPR 5 ORD INR1 REG'S | LU | USD | Oct 1994 | |
| 517146 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jan 2000 |
| USHAMART | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jan 2000 |
Biography
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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/13 12:42 |
| End of Day Share Price | 2019/11/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.