Usha Martin financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹1,033cr+16.4% on Q1 FY26
Net profit
₹142cr+40.9% on Q1 FY26
EBITDA margin
20.1%+3.8 pts on Q1 FY26
EPS
₹4.66+40.8% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue1,033887+16.4%
EBITDA208145+43.8%
EBITDA margin20.1%16.3%+3.8 pts
Profit before tax179125+43.2%
Net profit142101+40.9%
EPS₹4.66₹3.31+40.8%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹1,033 crNet profit₹142 crNet margin13.8%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
14,160————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
242242261150150
0.20.2−0.24.24.3
146146338298355
14,064————
3,8373,6913,4743,2253,268
—+6.2%+7.7%−1.3%—
768705597599513
20.0%19.1%17.2%18.6%15.7%
647589499522446
508466406424351
13.2%12.6%11.7%13.2%10.7%
₹16.62₹15.27₹13.35₹13.90₹11.48
—+14.4%−3.9%+21.1%—
—655422444252
—−198−245−278−182
45745717716669.3
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

USHAMART₹464.10

Usha Martin Ltd.

· Capital Goods & Defence
₹ CrorePeersTITAGARHTIMKENZENTECTEGATARILSYRMASHYAMMETLRRKABELMcap ₹14,160 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————14,159.7
- Cash, Equiv & ST Investments150.2149.8260.7241.8241.8
+ Minority Interest4.34.2-0.20.20.2
+ Total Debt354.6297.8337.6145.5145.5
Enterprise Value————14,063.5
Revenue3,267.83,225.23,474.23,691.13,836.9
Growth %, YoY—-1.3+7.7+6.2—
EBITDA513.3598.6597.1705.1768.5
Margin %15.7118.5617.1919.1020.03
EBIT445.9521.6499.2588.7647.3
Net Income350.6424.1406.3466.3507.5
Margin %10.7313.1511.7012.6313.23
EPS, Adj (current shares)11.4813.9013.3515.2716.62
Growth %, YoY—+21.1-3.9+14.4—
Cash from Operations251.6443.8421.8655.3—
Capital Expenditures-182.3-277.6-244.7-198.1—
Free Cash Flow69.3166.2177.1457.3457.3
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Usha Martin financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Usha Martin (NSE: USHAMART) had a market capitalisation of ₹14,093 crore at the 29 October 2026 close (₹461.90 a share), a PE ratio of 27.8 on the last four quarters' profit and a price-to-book ratio of 4.27. In FY26 its consolidated net profit was ₹466 crore on revenue of ₹3,691 crore; in Q1 FY27 (April–June 2026) it was ₹142 crore, up 40.7% year on year. Its debt-to-equity ratio was 0.04 on 31 March 2026. Promoters held 40.09% of the shares on 30 September 2026.

Usha Martin Q1 FY27 results
filed 27 July 2026
Share price used
₹461.90 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Usha Martin at a glance · consolidated

Market cap
₹14,093 Crat ₹461.90 · 29 Oct close
PE ratio (last 4 quarters)
27.830.2 on FY26 profit
Price to book (PB)
4.27book value ₹108.22 a share
ROE (FY26)
15.4%−0.5 pts vs FY25ROCE 17.9%
Debt to equity
0.04net cash ₹332 Cr
Promoter holding
40.09%−0.2 pts vs 30 Jun 202630 September 2026
Dividend yield
0.81%₹3.75 a share in 12 months
Net worth
₹3,302 Cr+20.0% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹457 Cr+158.2% vs FY25

Questions

What is the Usha Martin PE ratio today?

Usha Martin's PE ratio is 27.8 at the 29 October 2026 close (₹461.90 a share): a market capitalisation of ₹14,093 crore divided by consolidated net profit of ₹507 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹466 crore) it is 30.2.

What is the Usha Martin net worth?

Usha Martin's net worth — shareholders' equity in its consolidated balance sheet — was ₹3,302 crore on 31 March 2026, up 20.0% from ₹2,752 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹14,093 crore at the 29 October 2026 close.

What is the Usha Martin book value per share?

Usha Martin's book value per share was ₹108.22 on 31 March 2026: shareholders' equity of ₹3,302 crore divided by the 30.51 crore shares in issue, up 20.0% from ₹90.17 a year earlier. The share price at the 29 October 2026 close was ₹461.90.

What is the Usha Martin PB ratio (price to book value)?

Usha Martin's price-to-book (PB) ratio is 4.27 at the 29 October 2026 close: a market capitalisation of ₹14,093 crore divided by shareholders' equity (book value) of ₹3,302 crore on 31 March 2026. That is a book value of ₹108.22 per share against a share price of ₹461.90.

What is the Usha Martin ROE and ROCE?

In FY26, Usha Martin's return on equity (ROE) was 15.4% and its return on capital employed (ROCE) was 17.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 15.9% and ROCE 17.3%.

What is the Usha Martin dividend yield?

Usha Martin's dividend yield is 0.81% at the 29 October 2026 close: dividends of ₹3.75 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹461.90. They were ₹3.75 on 13 August 2026.

What is the Usha Martin market cap?

Usha Martin's market capitalisation was ₹14,093 crore at the 29 October 2026 close: 30.51 crore shares at ₹461.90 each.

What is the Usha Martin EPS?

Usha Martin's basic earnings per share (EPS) were ₹15.30 in FY26, against ₹13.37 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹16.65.

What is the Usha Martin dividend in 2026 and its record date?

In 2026, Usha Martin has declared one dividend: ₹3.75 with record date 13 August 2026.

Is Usha Martin debt free?

No. Usha Martin had borrowings of ₹146 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.04. Its cash and current investments were ₹478 crore, so it held net cash of ₹332 crore.

What is the Usha Martin debt to equity ratio?

Usha Martin's debt-to-equity ratio was 0.04 on 31 March 2026: borrowings of ₹146 crore against total equity of ₹3,302 crore. A year earlier, on 31 March 2025, it was 0.12.

What is the Usha Martin free cash flow?

In FY26, Usha Martin generated ₹655 crore of cash from operations and spent ₹198 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹457 crore. In FY25 it was ₹177 crore.

What is the Usha Martin promoter holding?

Promoters held 40.09% of Usha Martin on 30 September 2026, down 0.19 percentage points from 40.28% the previous quarter and down 1.67 percentage points from 41.76% a year earlier, according to the shareholding pattern filed with NSE.

What are the Usha Martin latest quarterly results?

Usha Martin's latest results are for Q1 FY27 (April–June 2026), filed on 27 July 2026: consolidated net profit ₹142 crore, up 40.7% from ₹101 crore in Q1 FY26; revenue from operations ₹1,033 crore, up 16.4% year on year.

What is the Usha Martin revenue and profit in FY26?

In FY26 (April 2025–March 2026), Usha Martin's consolidated net profit was ₹466 crore, up 14.4% from ₹407 crore in FY25, on revenue from operations of ₹3,691 crore (up 6.2%). Over three years, from FY23, net profit was up 33.1%.

What is the Usha Martin shareholding pattern?

On 30 September 2026, Usha Martin's shares were held by promoters 40.09%, foreign portfolio investors (FII/FPI) 15.34%, domestic institutions (DII) 17.34% (including mutual funds at 14.20%) and retail and other non-institutional investors 27.12%. Over the year, FII holding was up 1.19 percentage points from 14.15% and DII holding was up 5.05 percentage points from 12.29%.

How does Usha Martin compare with its peers?

On FY26 consolidated figures, against Titagarh Rail Systems, Timken India and Zen Technologies: Usha Martin's operating margin of 16.0% is the second highest of the four (Titagarh Rail Systems 9.3%, Timken India 15.1%, Zen Technologies 32.4%; peer average 19.0%); its return on equity of 15.4% is the highest of the four (Titagarh Rail Systems 5.0%, Timken India 14.4%, Zen Technologies 10.8%; peer average 10.1%).

How does the Usha Martin PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, Usha Martin's PE ratio is 30.2, the lowest of the four: Titagarh Rail Systems 72.9, Timken India 51.8 and Zen Technologies 75.7, a peer average of 66.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.

When are the Usha Martin next results?

Usha Martin has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

Usha Martin vs Titagarh Rail Systems: how do they compare?

In FY26, Usha Martin earned net profit of ₹466 crore on revenue of ₹3,691 crore, against ₹123 crore on ₹3,186 crore for Titagarh Rail Systems. Usha Martin's operating margin was 16.0% (Titagarh Rail Systems 9.3%) and its return on equity 15.4% (Titagarh Rail Systems 5.0%). At the 29 October 2026 close, Usha Martin's market capitalisation was ₹14,093 crore against ₹8,952 crore for Titagarh Rail Systems, and its PE ratio on FY26 profit 30.2 against 72.9.

Where do these Usha Martin figures come from?

From Usha Martin's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.