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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 06 Nov 2026, 03:30 pm
Usha Martin Limited completed the slump sale of its wholly-owned subsidiary, U M Cables Limited, to R R Kabel Limited. The transaction became effective from the closing hours of October 31, 2026, on a going concern basis. The total consideration is Rs. 77 crore (INR 770,000,000), subject to working capital adjustments.
The company received two voluntary ESG ratings for FY 2025–2026 based on publicly available data. NSE Sustainability Ratings and Analytics Limited assigned a rating of '63', an upgrade from the previous year's 60. Additionally, Niche Ninety Nine Capability and Certifications assigned a score of 69.57. The company did not engage these providers for the ratings.
As of November 6, 2026, with the stock closing at ₹478.00, immediate resistance lies near ₹479.78 and ₹483.72. Key support levels are observed at ₹474.57 and ₹460.80. The daily trend shows bearish momentum, while the monthly and weekly trends remain bullish.
A Hindu Business Line article dated November 6, 2026, recommends buying Usha Martin shares at ₹486, citing a bullish short-term outlook after a ~9% weekly surge. The publication expects the stock to sustain above ₹466 and potentially rise to ₹550 in coming weeks. This view represents analyst opinion, not guaranteed performance.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 11 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price swings are higher than typical
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Upward price movement of 3.01 standard deviations recorded on 2026-11-04.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Profit Before Tax | ₹179.15 crore | PEAK₹199.91 crore | ₹133.11 crore | ₹162.91 crore | ₹125.13 crore |
| Segment Profit Before Tax | ₹184.12 crore | PEAK₹204.37 crore | ₹137.76 crore | ₹162.91 crore | ₹125.13 crore |
| Tax Expense | ₹42.08 crore | PEAK₹49.25 crore | ₹30.09 crore | ₹40.21 crore | ₹28.82 crore |
| Profit Loss For Period | ₹142.04 crore | PEAK₹148.03 crore | ₹107.67 crore | ₹109.80 crore | ₹100.81 crore |
| Revenue From Operations | PEAK₹1,033 crore | ₹979.26 crore | ₹917.05 crore | ₹907.56 crore | ₹887.19 crore |
| Finance Costs | ₹3.90 crore | ₹3.52 crore | ₹4.77 crore | ₹5.09 crore | PEAK₹6.25 crore |
Segment profit before tax was ₹184.12 crore, down from ₹204.37 crore in the previous quarter, a decline of 9.9%. This movement aligns with the overall profit before tax decrease. The difference between segment profit before tax and reported profit before tax was ₹4.97 crore in the current quarter, compared with ₹4.46 crore in Q4 and ₹4.65 crore in Q3. The gap remained consistent across the three quarters.
Finance costs were ₹3.90 crore, down 37.6% from ₹6.25 crore a year ago. Sequentially, finance costs increased slightly from ₹3.52 crore in the prior quarter. The absolute level of finance costs represents approximately 2.2% of profit before tax.
Disclosed bulk and block transactions involving Usha Martin, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for Usha Martin.
Usha Martin Limited has intimated the National Stock Exchange and Bombay Stock Exchange regarding the schedule for its Q2 & H1 FY27 Earnings Conference Call. The call is scheduled to take place on Friday, 13th November 2026, at 5:00 PM IST. The intimation was issued by Manish Agarwal, Company Secretary & Compliance Officer, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Usha Martin Limited scheduled a virtual Q2 & H1 FY27 Earnings Conference Call for 13 November 2026 at 17:00. The call will include a brief management discussion of the Q2 & H1 FY27 financial results, followed by a question-and-answer session; the filing says the results will be declared that day.
Usha Martin Limited has issued a notice to stock exchanges regarding a Board of Directors meeting scheduled for November 13, 2026. The primary agenda is the consideration and approval of Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026, pursuant to SEBI Listing Regulations. Consequently, the trading window for Designated Persons and their immediate relatives will remain closed until 48 hours after the declaration of these results.
USHA MARTIN LIMITED has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation
Usha Martin Limited has informed the National Stock Exchange and BSE of the completion of a slump sale transferring the business undertaking of its wholly-owned subsidiary, U M Cables Limited, to R R Kabel Limited. The transfer was executed pursuant to a Business Transfer Agreement dated 25th September 2026 and became effective from the closing hours of 31st October 2026 on a going concern basis.
Usha Martin Limited (USHAMART) has completed the slump sale of its wholly owned subsidiary, U M Cables Limited, to R R Kabel Limited. The transaction, governed by a Business Transfer Agreement executed on September 25, 2026, transferred the business undertaking of U M Cables Limited on a going concern basis with effect from the closing hours of October 31, 2026. The total consideration for the transaction is Rs. 77 crore (INR 770,000,000), subject to working capital adjustments.
Usha Martin Limited was voluntarily assigned an ESG rating of 69.57 by Niche Ninety Nine Capability and Certifications (OPC) Private Limited (Niche99), a SEBI-registered Category-II ESG Rating Provider, based on publicly available company information for financial year 2025–2026. The company said it had not engaged Niche99 for the rating, which was conducted voluntarily and independently. Usha Martin learned of the rating through a BSE email notification received on 31 October 2026 at 19:30 IST and disclosed it on 1 November 2026.
Usha Martin Limited (USHAMART) filed its shareholding pattern as of September 30, 2026, with the NSE on October 21, 2026. The filing confirms that Promoters and Promoter Group hold 40.09% of total shares (109,575,602 voting rights), while Public Shareholders hold 59.8%. No equity shares with differential voting rights exist. Significant Beneficial Owners include UMIL Share and Stock Broking Services Limited (0.1327%), Brij Investments Private Limited (0.0203%), and Rajeev Jhawar - Trustee of Brij Family Trust (0.0049%).
Recent market and company developments associated with Usha Martin.
The Hindu Business Line article recommends buying Usha Martin shares at ₹486, with an expectation that the stock will sustain above ₹466. The publication suggests the share price could rise to ₹550 in the coming weeks.
Technical analysis indicates a bullish short-term outlook for Usha Martin, which has surged approximately 9% this week from trend line support. The publisher expects the stock to sustain above ₹466 and potentially rise to ₹550 in the coming weeks.
The domestic equity barometers slipped below the flat line and traded in the red zone in afternoon trade, supported by value buying after the sharp decline in the previous session. Easing crude oil prices and a decline in market volatility also supported sentiment. The Nifty traded below the 23,050 mark.
Realty shares rebounded after declining in the previous trading session.
Usha Martin (UML) said that the company's board has approved a proposal for the slump sale of the business undertaking of U M Cables, wholly owned subsidiary, to R R Kabel for a total consideration of Rs 77 crore.
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Comprehensive Section Breakdown for Usha Martin
Strategic Vision: Global manufacturer of wire ropes, strands, and steel products.
• Global manufacturing and distribution network
• Specialized product portfolio for critical industrial applications
• Integrated technical know-how across facilities
Usha Martin reported revenue of ₹1,033 crore in Q1 FY2026-27, the highest in the five-quarter period, up 5.5% from the previous quarter and 16.4% from a year ago. Profit before tax fell 10.4% sequentially to ₹179.15 crore, and net profit declined 4.0% to ₹142.04 crore. The divergence between top-line growth and profit contraction reflects a compression in profit margins. Year-over-year, both revenue and profit expanded, with profit growth outpacing revenue growth.
Revenue from operations reached ₹1,033 crore, compared with ₹979.26 crore in Q4 FY2025-26 and ₹887.19 crore in Q1 FY2025-26. Profit before tax decreased to ₹179.15 crore from ₹199.91 crore in the prior quarter, a decline of ₹20.76 crore. Net profit fell to ₹142.04 crore from ₹148.03 crore, a drop of ₹5.99 crore. Tax expense was ₹42.08 crore, down from ₹49.25 crore in the previous quarter. Year-over-year, profit before tax rose from ₹125.13 crore to ₹179.15 crore, and net profit increased from ₹100.81 crore to ₹142.04 crore. Basic earnings per share declined to ₹4.66 from ₹4.85 in the prior quarter.
The sequential profit decline occurred alongside higher revenue, indicating margin compression. The profit before tax margin fell from 20.4% in Q4 FY2025-26 to 17.3% in the current quarter, while the net profit margin dropped from 15.1% to 13.8%. Year-over-year, the profit before tax margin expanded from 14.1% to 17.3%, and the net profit margin rose from 11.4% to 13.8%.
Expense data for the current quarter shows that other expenses rose to ₹183.31 crore from ₹170.38 crore in the prior quarter, an increase of 7.6%, while revenue grew 5.5%. The cost of materials consumed was ₹524.65 crore, employee benefit expense was ₹122.34 crore, and depreciation was ₹33.52 crore. The rise in other expenses relative to revenue contributed to the sequential margin contraction.
Usha Martin delivered record revenue and year-over-year profit growth in the quarter. However, a sequential decline in profit before tax and net profit, despite higher sales, indicates that profit margins contracted from the previous quarter’s elevated level. The increase in other expenses relative to revenue was a visible component of the margin compression. Finance costs remained low and stable. The quarter reflects top-line expansion alongside a sequential pullback in profitability.
Category: Manufacturing
High-performance wire ropes designed for various demanding applications.
Category: Manufacturing
Low Relaxation Pre-stressed Concrete strands used in construction and infrastructure.
Category: Manufacturing
A range of steel wires, including speciality wires, bright bars, and wire rods.
Category: Manufacturing
Components used in prestressing applications.
Category: Manufacturing
Wire drawing and cable machinery.
Category: Manufacturing
Cables for telecommunications infrastructure.
Core Thesis: The company's integrated manufacturing and global distribution network supports diverse industrial needs with specialized steel wire products and technical services.
• Global Manufacturing Footprint: Operations are supported by manufacturing facilities in India, Thailand, the UAE, and the UK. • Advanced R&D and Technical Support: A Global Development Centre in Italy focuses on advanced wire rope design, testing, and providing technical assistance. • Extensive Distribution Network: Service and distribution centres across multiple continents ensure localized support and timely delivery.