Usha Martin Ltd.
Snapshot View

68.75 +3.85 ▲5.9%

23 July 2021, 04:00:00 P.M.
Volume: 797,613

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.ushamartin.com
Financial Indicators
Market Cap 2,087.48 Cr.
Earnings per share (EPS) 4.91 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 13.95 Trailing Twelve Months Ending 2021-03
Industry PE 19.75 Trailing Twelve Months Ending 2021-03
Book Value / Share 46.05 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.49 Calculated using Price: 68.50
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 30.47 Cr. 304,741,780 Shares
FaceValue 1
Company Profile

Usha Martin started in 1961 in Ranchi, Jharkhand as a wire rope manufacturing company, today the Usha Martin Group is a $1 billion conglomerate with a global presence.  The group has set new standards in the manufacture of wire rods, bright bars, steel wires, speciality wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery.  With continuous growth in both the domestic and international markets, Usha Martin, the Group’s flagship company has emerged as India’s largest and the world’s second largest steel wire rope manufacturer. 

In 1979, the company set up a steel plant with wire rod rolling mill at Jamshedpur, to benefit from business integration. This ensured a steady supply of steel for the manufacture of value added products. Today, the Jamshedpur unit has a truly integrated speciality steel manufacturing facility of 700,000 MT per annum.  Out of which, about 35% is consumed internally by its plant in Ranchi, Hoshiarpur & Bangkok, producing steel wire, steel strand, steel cords, bright bar and steel wire ropes.  All its manufacturing facilities are ISO 9000 certified and the steel plant was India’s first to receive the TPM Excellence Award from JIPM, Japan.   

With local success come global aspirations. Currently, the company has overseas manufacturing operations in Thailand, UK and Dubai. Besides a vast network of distribution centres and marketing offices spread across the globe to support an ever growing worldwide customer base. The company exports over 60% of the wire rope output and about 20% of the total wire rods produced.

Usha Martin’s future plans are focused on its operation in Jharkhand - a state rich in mineral resources. Future priorities include product mix enrichment, cost reduction and infrastructural improvements. Already flourishing in its recent foray into mining operations, the company is planning to invest in its iron ore and coal mines, sinter plant, pellet plant, power plants, while also enhancing its steel making and value added products capacity with an investment of Rs 2,100 crore. 

Products of the company

  • Coil & Bar
  • Bright Bar
  • Ropes
  • Wire & Strands
  • Structural
  • Sling
  • Cord
  • Prestressing
  • Machinery
  • Tele Cables

Milestones

  • 1960- Usha Martin Industries (UMIL) set up a wire rope plant with a capacity of 3600 tonnes per annum (TPA) located at Tatisilwai, Ranchi in collaboration with Martin Black & Company (Wire Ropes) of UK.
  • 1962- UMIL started its production of wire and wire ropes.  
  • 1965- In order to foray in to manufacturing of rope accessories and splicing equipment, the company collaborated with CCL Systems of UK to form Usha Ismal (UIL) located at Rachi. Later in 1990 the company merged with UMIL.  
  • 1971- The company formed Usha Alloys & Steels (UASL) to manufacture steel billets at Adityapur, Jamshedpur. This company was merged with UMIL in 1988.
  • 1975- UMIL set up a machinery division at Bangalore for manufacture of wire drawing and allied products in collaboration Marshall Richards Barcro, UK. UASL acquired an ongoing rolling mill at Agra.  
  • 1979- UASL set up a wire rod rolling mill at Jamshedpur to supply wire rods for its wire rope plant.
  • 1980- A joint venture company Usha Siam Steel Industries was formed in Thailand for manufacture of wire, wire ropes and auto cables.
  • 1986- Usha Beltron (UBL) was incorporated as a joint venture between Usha Martin Industries and Bihar State Electronics Development Corporation, AEG Kabel, Germany (now Kabelrhydt and a member of the Alcatel group) and DEG, Germany to manufacture jelly filled telephone cables (JFTC).
  • 1991- Usha Martin completed its supplies of the parallel wire stay cables for the Second Hooghly Bridge at Kolkata and established the company's capability for manufacturing sophisticated special cables. 
  • 1994- Usha Martin Europe was formed in joint venture with Exim Bank of India to create worldwide marketing and distribution set up for export of wire ropes.
  • 1995- UMIL set up a mini blast furnace at Jamshedpur to reduce cost and improve productivity.
  • 1996- UMIL set up a wire rod mill at Jamshedpur to produce higher weight coils for better productivity.
  • 1998- UMIL was merged with UBL.
  • 2000- The company’s IT division, was demerged and was named Usha Martin Infotech (UMITL). UBL established UM Cables as its wholly owned subsidiary to set up a green field JFTC and OFC plant at Silvassa. Commissioning of 25 MW thermal power plant at Jamshedpur for captive consumption.  UBL also acquired majority stake Usha Siam Steel Industries, Bangkok which is in business of wire ropes.
  • The Company also acquired 80% stake in Brunton Shaw, UK, from Carclo Group.  2001- Company set up Usha Martin Singapore (Pty.) to set up a distribution facility at Singapore for wire ropes. In order to increase the capacity the company set up second unit in at Jamshedpur
  • 2003- The company diluted its rolling mill division at Agra with an intention to focus on core business. The same year the name was changed to Usha Martin. Usha Martin International entered into a joint venture with Gustav Wolf of West Germany to form Brunton Wolf Wire Ropes FZCO located in Dubai. The company obtained prestigious order for wire ropes for a period of 3 years from OTIS Elevators for world wide supplies. The company successfully created new facilities by modifying the cable plant to manufacture value added products such as bright bars, special wires and conveyor cords. 
  • 2004- The company started its DRI and WHRB power plant at its steel division in Jamshdedpur. 
  • 2005- The company singed an MOU with Joh. Pengg for manufacturing of the speciality oil tempered spring steel wire. The company acquired JCTL’s steel division.Usha Martin incorporated of Brunton Shaw America Inc as a new subsidiary of the company. 
  • 2007- The company acquired De Ruiter Staalkabel B.V. located at Netherlands engaged in business of distribution and rigging. The company started wire rope plant in Houston, US.
  • 2010- Usha Martin raises Rs 468.15 crore through QIP

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+5.93%
1 Week
+22.77%
1 Month
+29.84%
3 Month
+79.74%
6 Month
+119.30%
1 Year
+278.79%
2 Year
+151.37%
5 Year
+344.98%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 4.42 0.68 -13.67 -28.01 -31.26 -32.15 6.16 41.87 11.17
Return on Capital Employed (%) 9.33 8.61 4.11 1.13 3.75 6.40 9.24 23.49 13.00
Return on Assets (%) 1.11 0.16 -2.91 -5.19 -4.58 -3.54 0.65 9.06 5.76

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 1,935 2,003 1,759 1,385 945 727 782 1,227 1,404
Non Curr. Liab. 3,088 3,134 2,939 3,110 2,955 2,865 2,121 388 359
Curr. Liab. 2,959 3,645 3,737 3,433 3,805 3,827 3,834 863 818
Minority Int. 23 31 31 34 34 34 32 38 4
Equity & Liab. 8,006 8,812 8,467 7,962 7,739 7,453 6,769 2,516 2,584
Non Curr. Assets 5,194 6,145 5,645 5,664 5,355 5,194 1,240 1,198 1,183
Curr. Assets 2,811 2,667 2,822 2,298 2,384 2,258 5,529 1,319 1,400
Misc. Exp. not W/O
Total Assets 8,006 8,812 8,467 7,962 7,739 7,453 6,769 2,516 2,584

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 3,622 4,074 4,561 4,112 3,882 5,413 6,430 2,219 2,097
Other Income 89 92 37 33 120 112 88 632 66
Total Income 3,711 4,166 4,598 4,145 4,002 5,526 6,519 2,851 2,163
Total Expenditure -3,006 -3,367 -3,845 -3,771 -3,493 -4,897 -5,797 -2,059 -1,855
PBIDT 705 799 753 373 509 628 722 792 308
Interest -338 -440 -522 -547 -564 -587 -604 -92 -57
Depreciation -264 -333 -418 -308 -300 -305 -299 -69 -68
Taxation -21 -13 36 55 -5 -5 227 -210 -36
Exceptional Items -100
PAT 82 13 -251 -426 -360 -269 46 421 147

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 429 1,144 729 856 686 914 974 212 214
Cash Fr. Inv. -803 -1,045 -562 -383 -31 -34 -4 2,943 -34
Cash Fr. Finan. 243 18 -266 -491 -663 -872 -973 -3,105 -177
Net Change -131 118 -99 -19 -8 9 -3 51 2
Cash & Cash Eqvt 56 169 69 48 43 50 48 97 99

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 49.91 50.21 50.21 52.46 53.52 52.83 51.80 50.87 50.51
Public 50.09 49.79 49.79 47.54 46.48 47.17 48.20 49.13 49.49
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 52.90 52.60 52.59 50.33 49.33 49.97 50.97 51.90 52.27

Announcements View Details

Tue, 20 Jul 2021
Board Meeting Intimation for Approval Of Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter Ended 30Th June 2021
USHA MARTIN LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/07/2021 inter alia to consider and approve unaudited financial results (standalone and consolidated) of the Company for the quarter ended 30th June 2021 pursuant to Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015.
Sat, 17 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (as amended) (the Listing Regulations) read with Part A Para A of Schedule III to the said Regulations and in compliance with Sections 91 and 108 of the Companies Act 2013 read with Rules 10 and 20 of Companies (Management and Administration) Rules 2014 as amended and Regulations 42 and 44 of the Listing Regulations we hereby submit copies of the newspaper publications made on 17th July 2021 in Business Standard (All Editions) and Dainik Statesman (Bengali) (Kolkata Edition) and both also having electronic editions regarding Book Closure Period and despatch of Notice convening the 35th Annual General Meeting of the Company (including details pertaining to e-voting ) and Annual Report for the Financial Year ended March 31 2021 to the Members of the Company.
The same has also been made available on the Companys website at the following web link www.ushamartin.com
Thu, 15 Jul 2021
Reg. 34 (1) Annual Report
Pursuant to Regulation 34(1) and Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations 2015 we are attaching herewith the copy of Annual Report of the Company along with the Notice of
the AGM for the Financial Year 2020-21 which is being sent through electronic mode to the members whose e-mail
addresses are registered with the Company/ Registrar and Transfer Agent/ Depository Participants. The copy of
Annual Report 2020-21 along with the Notice of AGM is also available on Companys website www.ushamartin.com.

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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