Usha Martin stock (March 2026) | Growth, Valuation & Analysis

Usha Martin

BSE:517146

Rp 414,50

Rp0,00 (0,00%)

414,50 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

Usha Martin Stock Value

The current analyst rating for BSE:517146 is Buy.

Buy

Usha Martin Company Info

EPS Growth 5Y

7,78%

Market Cap

Rp126,24 B

Long-Term Debt

Rp1,45 B

Annual earnings

05/12/2026 (E)

Dividend

Rp2,98

Dividend Yield

0,72%

Founded

1960

Industry

Materials

Country

India

Website

Usha Martin

ISIN Number

INE228A01035

Website

http://www.ushamartin.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp559,00

34.86%

Last Update: 03/26/2026

Analysts: 2

Highest Price Target Rp600,00

Average Price Target Rp559,00

Lowest Price Target Rp518,00

In the last five quarters, Usha Martin’s Price Target has risen from Rp326,09 to Rp387,00 - a 18,68% increase. Two analysts predict that Usha Martin’s share price will increase in the coming year, reaching Rp559,00. This would represent an increase of 34,86%.

Top growth stocks in the materials sector (5Y.)

What does Usha Martin do?

Usha Martin Limited has established itself as a prominent player in the manufacturing sector, specializing in wire ropes and related products. The company focuses on manufacturing a wide range of wire ropes, which are utilized across various industries, including construction, mining, and maritime applications. Business Segments The company operates through distinct business segments that reflect its diversified portfolio. The company's primary segment is the manufacturing of wire ropes, whic...

Business Segments

The company operates through distinct business segments that reflect its diversified portfolio. The company's primary segment is the manufacturing of wire ropes, which accounts for the overwhelming majority of its revenue. Within this category, the company produces a variety of products, including wire ropes, LRPC strands, and other wire-related products, demonstrating its capability to cater to various industry requirements.

The wire rope segment represents about 64.90% of the total turnover, highlighting the company's dominance in this market. The firm excels in manufacturing LRPC strands, which contribute significantly to the company's revenue at approximately 18.88%. Moreover, its wire and strands segment, accounting for 11.81% of the total turnover, showcases the company's comprehensive manufacturing capabilities. In addition to its wire rope segment, the company also explores ancillary businesses that support its core operations.

Business Strategy

To effectively penetrate new markets and strengthen its position in existing ones, the company has adopted a strategy of increasing its operational efficiency. This includes optimizing supply chain management, enhancing production processes, and ensuring rigorous quality control throughout the manufacturing cycle.

Furthermore, the company actively engages with customers and stakeholders to gain insights into market trends and customer needs. This customer-centric approach plays a crucial role in its marketing strategy and sales processes, allowing the company to tailor its offerings accordingly. The commitment to long-term relationships with clients is evident in the company's after-sales support and service initiatives.

The company places great importance on collaboration and transparency with its value chain partners. This strategic alignment empowers the company to achieve mutual benefits and foster innovation throughout its operations.

Products and Services

The company's product portfolio primarily focuses on manufacturing wire ropes and associated products. The company offers a wide range of wire ropes designed for various applications, including heavy lifting and rigging, construction, and marine operations.

The flagship product, wire ropes, comprises around 64.90% of the total turnover. The company also manufactures LRPC (Low Relaxation Pre-stressed Concrete) strands, which are critical components in construction projects, contributing to approximately 18.88% of the total turnover.

In addition, the company produces wire and strands, which account for 11.81% of its turnover. These products serve various industrial sectors and are underpinned by the company's commitment to quality and reliability.

Geographical Markets Served

The company serves a diverse range of geographical markets, both domestically and internationally. The company's operational presence helps it tap into various regional markets where demand for its products is robust.

Seasonality

The company operations are somewhat influenced by seasonal variations, particularly in construction and agricultural sectors, where demand for wire ropes is typically higher during specific periods.

Research and Development

The company invests significantly in research and development to drive innovation and enhance its product offerings. Key areas of focus include improving product performance, enhancing manufacturing processes, and developing new applications for its existing product lines.

Customers

The company serves a diverse clientele spanning various sectors, including construction, mining, shipping, and energy. The company prides itself on catering to both domestic and international customers, ensuring a significant volume of orders with a consistent track record of meeting delivery schedules. The company boasts a large portfolio, serving thousands of clients across multiple categories.

Sales and Marketing

The company employs a multifaceted approach to sales and marketing, integrating traditional and digital marketing strategies to reach its diverse customer base effectively. The distribution channels include direct sales representatives who maintain close relationships with clients, a network of distributors, and online platforms that facilitate product inquiries and transactions. Moreover, the company invests in customer service training for sales teams, ensuring that they are well-equipped to address customer inquiries and provide tailored solutions.

History

The company was founded in 1960. It was incorporated in 1986. The company was formerly known as Usha Beltron Limited and changed its name to Usha Martin Limited in 2003.

Usha Martin Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - Wire ropes and related products: approx. 70% - Special products and services: approx. 20% - Other: approx. 10% **TOP 3 markets by revenue share:** 1. **India:** approx. 45% 2. **Europe:** approx. 30% 3. **North America:** approx. 15% Usha Martin Limited gene...

At which locations are the company’s products manufactured?

**Production sites of Usha Martin Limited:** 1. **Ranchi, India** 2. **Jamshedpur, India** 3. **Hoshiarpur, India** 4. **Chennai, India** 5. **Telford, United Kingdom** Usha Martin Limited is a leading manufacturer of wire ropes and has multiple production facilities strategically located in India...

What strategy does Usha Martin pursue for future growth?

**Revenue Growth:** 10.5% (2025) **EBITDA Margin:** 18.2% (2025) Usha Martin Limited pursues a growth strategy based on expanding its production capacities and diversifying its product range. The company continuously invests in modern technologies and automation to increase efficiency and reduce pr...

Which raw materials are imported and from which countries?

**Main raw materials:** Steel, wire ropes, zinc **Main importing countries:** China, Japan, South Korea Usha Martin Limited mainly imports raw materials such as steel and wire ropes, which are essential for the production of their products. These materials are primarily sourced from countries like...

How strong is the company’s competitive advantage?

**Market Share:** Estimated 20% in the global wire rope market (2026) **EBITDA Margin:** 15% (2025) **R&D Expenses:** 3% of revenue (2025) Usha Martin Limited is one of the leading manufacturers of wire ropes worldwide. The company's competitive advantage lies in its established market...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** Approximately 30% (estimated for 2026 based on historical trends) **Insider Buys/Sells:** No significant transactions in the last year (estimated for 2026) The institutional investor share in Usha Martin Limited is estimated to be around 30%. This is based on hist...

What percentage market share does Usha Martin have?

**Market share of Usha Martin Limited:** Estimated around 3-5% (2026) **Top competitors and their market shares:** 1. **Bridon-Bekaert Ropes Group:** Approximately 10-12% 2. **WireCo WorldGroup:** Approximately 8-10% 3. **Kiswire Ltd.:** Approximately 7-9% 4. **Tokyo Rope Manufacturing Co., Ltd.:**...

Is Usha Martin stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **EBITDA Margin:** 18.2% (2025) **Debt Ratio:** 0.65 (2025) Usha Martin Limited achieved a revenue growth of 8.5% in 2025, indicating solid demand for its products and services. The EBITDA margin of 18.2% demonstrates good profitability and efficiency in its operatio...

Does Usha Martin pay a dividend – and how reliable is the payout?

**Dividend Yield:** 2.5% (estimated for 2026) **Dividend History:** Continuous payouts over the last 5 years Usha Martin Limited has regularly distributed dividends in recent years, indicating a stable financial foundation and a solid business model. The estimated dividend yield of 2.5% for 2026...

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Usha Martin Stock Value

Usha Martin Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Usha Martin do?

Usha Martin Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Usha Martin Stock Value

Usha Martin Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Usha Martin do?

Usha Martin Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.