Earnings Call/Transcript
Usha Martin Q2 & H1 FY27 Earnings Call
Usha Martin will hold its Q2 and H1 FY27 earnings conference call on 13 November 2026 at 5:00 PM IST.
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Upcoming Result Date: Nov 13, 2026
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Earnings Call/Transcript
Usha Martin will hold its Q2 and H1 FY27 earnings conference call on 13 November 2026 at 5:00 PM IST.
Board Meeting
Usha Martin will hold a Board meeting on 13 November 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
Usha Martin Ltd (USHAMART) is currently trading at 488.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Usha Martin Limited is a global specialty steel and wire‑rope manufacturer producing steel wires, strands, wire ropes, plasticated LRPC and high‑performance synthetic slings, with integrated manufacturing across India, Thailand, Dubai, the UK and the US serving sectors including elevators, mining, offshore energy, ports and construction. In Q1 FY27 consolidated revenue rose 16.4% year‑on‑year to INR 1,033 crore with operating EBITDA up 44% to INR 208 crore and EBITDA margin expanding to 20.1%; PAT increased 41% to INR 142 crore, driven by improved realizations, mix shift to value‑added products and effective passthrough of higher steel, zinc and logistics costs. Strong cash generation delivered operating cash flow of ~INR 242 crore (116% conversion of operating EBITDA), resulting in a net cash position of about INR 465 crore; credit rating was upgraded to IND AA‑ with a stable outlook and FY27 capex is guided at INR 250–300 crore focused on specialized rope capacity additions. Usha Martin is shifting mix toward specialized, high‑value ropes and strands—value‑added rope share rose to 73%—while new verticals like Oceanfibre HMPE slings (company‑estimated TAM 1.5–2.0 billion and gross margins of 65–70%) and plasticated LRPC provide differentiated, higher‑margin international growth prospects. Geopolitical disruption in the Middle East depressed regional wire rope volumes by ~28%, reducing overall volumes though realizations improved ~36%; management is de‑risking through geographic diversification, focus on elevators and cranes, and deeper penetration in the U.S. and Europe while guiding 10–12% annual volume growth assuming stable global conditions.
Over the past 52 weeks, Usha Martin Ltd has traded between a low of ₹378.55 and a high of ₹542.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Usha Martin Ltd has a market capitalization of approximately 15,011.58. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Usha Martin Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 28.19 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 15,011.58 Cr, Usha Martin Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Usha Martin Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Usha Martin Ltd is 28.19. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
The agreed consideration for the slump sale is ₹77 crore, subject to working-capital adjustments. Usha Martin disclosed the transaction in connection with the transfer of U M Cables' business undertaking to RR Kabel.
Revenue was INR 1,033 crore, operating EBITDA was INR 208 crore with a 20.1% margin, and profit after tax was INR 142 crore for the quarter ended June 30, 2026.
Usha Martin has scheduled its Q1 FY27 earnings conference call for Tuesday, July 28, 2026 at 10:30 AM IST.
The allocation increases demand for steel wire ropes and strands used in construction, bridges, and elevators, which are core products for Usha Martin.

Industrial Products
Iron & Steel Products
15,012 Cr
Moderate Risk
28.2
31.7
1.8
4.6
542.00
378.55
Sales CAGR
Profit CAGR
ROE
ROCE