Usha Martin balance sheet

As of Mar 2026

Total assets: ₹4,212cr+12.4% on Mar 2025
Shareholders' equity: ₹3,302cr+20.0% on Mar 2025
Total debt: ₹146cr−56.9% on Mar 2025
Cash and investments: ₹242cr−7.2% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	1,480	1,265	1,024	891
	88.9	117	166	139
	0.0	—	0.0	3.8
	55.2	55.2	55.2	55.2
	8.2	8.0	7.2	2.1
	0.2	0.7	0.0	0.2
	79.1	67.8	55.8	65.7
	0.2	0.2	0.2	0.1
	4.1	4.6	5.4	5.6
	31.7	34.9	29.3	28.1
	36.0	39.7	34.8	33.8
	9.3	16.5	16.9	12.1
	175	194	181	134
	1,932	1,764	1,541	1,337
	958	985	890	890
	643	528	539	500
	242	261	150	150
	236	14.0	17.9	11.8
	1.8	1.5	1.4	1.6
	83.4	105	91.7	88.8
	1,206	909	800	752
	116	82.5	91.4	107
	2,280	1,976	1,781	1,749
	—	7.9	7.9	0.0
	4,212	3,748	3,330	3,087
Equity
	30.5	30.5	30.5	30.5
	3,271	2,721	2,349	2,000
	3,302	2,752	2,380	2,031
	0.2	−0.2	4.2	4.3
	3,302	2,752	2,384	2,035
Liabilities
	24.1	145	200	197
	67.3	68.6	—	56.1
	91.5	214	200	253
	56.3	45.9	44.5	47.5
	66.4	41.4	28.1	25.9
	—	—	57.6	15.8
	214	301	330	343
	121	192	97.6	157
	311	266	248	299
	115	77.3	82.4	87.6
	547	536	428	544
	16.5	15.6	15.1	11.4
	38.9	42.8	47.1	43.8
	93.3	101	125	110
	696	695	616	709
	910	996	946	1,052
	4,212	3,748	3,330	3,087
Trade payables — MSME split
	12.7	11.2	—	—
	298	255	—	—

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

alphave

USHAMART₹461.90

Usha Martin Ltd.

· Capital Goods & Defence

₹ CrorePeersTITAGARH TIMKEN ZENTEC TEGA TARIL SYRMA SHYAMMETL RRKABELMcap ₹14,093 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	891.2	1,024.0	1,264.6	1,479.6	1,479.6
+ Capital Work-in-Progress	139.1	165.8	117.3	88.9	88.9
+ Investment Property	3.8	0.0	—	0.0	0.0
+ Goodwill	55.2	55.2	55.2	55.2	55.2
+ Other Intangibles	2.1	7.2	8.0	8.2	8.2
+ Intangibles under Development	0.2	0.0	0.7	0.2	0.2
+ Investments (Equity Method)	65.7	55.8	67.8	79.1	79.1
+ Non-current Investments	0.1	0.2	0.2	0.2	0.2
+ Long-term Loans	5.6	5.4	4.6	4.1	4.1
+ Other Non-current Financial Assets	28.1	29.3	34.9	31.7	31.7
Non-current Financial Assets	33.8	34.8	39.7	36.0	36.0
+ Deferred Tax Assets	12.1	16.9	16.5	9.3	9.3
+ Other Non-current Assets	134.2	181.2	194.0	175.3	175.3
Total Non-current Assets	1,337.5	1,541.1	1,763.8	1,931.8	1,931.8
Current Assets
+ Inventories	889.9	889.6	984.9	957.8	957.8
+ Trade Receivables	499.9	539.3	527.6	643.4	643.4
+ Cash & Cash Equivalents	150.2	149.8	260.7	241.8	241.8
+ Other Bank Balances	11.8	17.9	14.0	236.0	236.0
+ Short-term Loans	1.6	1.4	1.5	1.8	1.8
+ Other Current Financial Assets	88.8	91.7	105.0	83.4	83.4
Current Financial Assets	752.3	800.1	908.8	1,206.5	1,206.5
+ Other Current Assets	107.1	91.4	82.5	115.7	115.7
Total Current Assets	1,749.4	1,781.1	1,976.2	2,280.0	2,280.0
+ Assets Held for Sale	0.0	7.9	7.9	—	—
Total Assets	3,086.8	3,330.1	3,747.9	4,211.8	4,211.8
Equity
+ Equity Share Capital	30.5	30.5	30.5	30.5	30.5
+ Other Equity / Reserves	2,000.2	2,349.1	2,721.4	3,271.4	3,271.4
Equity — Owners of Parent	2,030.8	2,379.7	2,751.9	3,301.9	3,301.9
+ Minority Interest	4.3	4.2	-0.2	0.2	0.2
Total Equity	2,035.1	2,383.9	2,751.7	3,302.1	3,302.1
Liabilities
+ Borrowings — Non-current	197.3	200.2	145.4	24.1	24.1
+ Other Non-current Financial Liab	56.1	—	68.6	67.3	67.3
Non-current Financial Liabilities	253.4	200.2	214.0	91.5	91.5
+ Provisions — Non-current	47.5	44.5	45.9	56.3	56.3
+ Deferred Tax Liabilities	25.9	28.1	41.4	66.4	66.4
+ Other Non-current Liabilities	15.8	57.6	—	—	—
Non-current Liabilities	342.6	330.3	301.3	214.1	214.1
+ Borrowings — Current	157.3	97.6	192.2	121.4	121.4
+ Trade Payables	298.8	248.4	266.2	311.0	311.0
+ Other Current Financial Liab	87.6	82.4	77.3	114.6	114.6
Current Financial Liabilities	543.6	428.3	535.7	547.0	547.0
+ Provisions — Current	11.4	15.1	15.6	16.5	16.5
+ Current Tax Liabilities	43.8	47.1	42.8	38.9	38.9
+ Other Current Liabilities	110.4	125.4	100.9	93.3	93.3
Current Liabilities	709.2	615.9	695.0	695.6	695.6
Total Liabilities	1,051.8	946.2	996.2	909.7	909.7
Total Equity & Liabilities	3,086.8	3,330.1	3,747.9	4,211.8	4,211.8
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	11.2	12.7	12.7
+ Dues to Other Creditors — Current	—	—	255.0	298.2	298.2

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.