# USHAMART (USHAMART) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/ushamart

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹507.1
- Change: +2.31%
- As of: 2026-09-18
- 1D return: +2.33%
- 5D return: +2.31%
- 1M return: +2.33%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, USHAMART is trading at ₹507.2, showing a mixed technical picture across different timeframes. Daily indicators suggest a potential weakening trend, with the price below the Supertrend indicator and moving averages showing downward slopes. However, weekly and monthly timeframes present a more constructive outlook, with the price trading above key moving averages and the Supertrend indicator indicating a bullish trend on the monthly chart. Recent monthly patterns include a Doji and an Outside Bar, while a Hammer pattern was observed on the weekly chart.

The stock is currently positioned near its nearest resistance level at ₹510.57, approximately 0.66% above the current price. The nearest support is identified at ₹503.77, about 0.68% below the current price. The stock's position within its 20-day and 50-day ranges suggests it is trading in the upper half of these shorter-term price bands.

Volatility remains a consideration, with annualized volatility at 35% and an Average True Range (ATR) of 2.89% of the price. The maximum drawdown observed was -25%, indicating potential for significant price swings. Key watch conditions include monitoring the price action around the ₹510.57 resistance level and the ₹503.77 support level. A sustained move above resistance could signal renewed strength, while a break below support might indicate further downside pressure, especially if accompanied by increased volume.

- Current price as of September 18, 2026: ₹507.2.
- Nearest resistance level: ₹510.57 (approx. 0.66% above current price).
- Nearest support level: ₹503.77 (approx. 0.68% below current price).
- Monthly timeframe shows a bullish Supertrend, while the daily timeframe is below its Supertrend.
- Recent monthly patterns include Doji and Outside Bar; weekly shows a Hammer.

- Doji
- Outside Bar
- Hammer
- Morning Star
- Evening Star
- Inside Bar

### News Context

On September 15, 2026, Anand Rathi issued a 'buy' recommendation for Usha Martin shares, setting a target price of ₹620. This recommendation was part of a broader market report that mentioned Usha Martin alongside other companies like Paytm, Kalyan Jewellers, and BSE, in the context of share price targets. The specific business significance of the Anand Rathi recommendation is that it represents an external analyst's positive view on the company's stock performance.

- On 2026-09-15, Anand Rathi recommended buying Usha Martin shares with a target price of ₹620.
- Usha Martin was mentioned in a report on 2026-09-15 alongside other companies regarding share price targets.

- Buy Usha Martin; target of Rs 620: Anand Rathi
- Paytm, Kalyan Jewellers, BSE, Tenneco, Titagarh, Cochin Shipyard, Sharda Motor shares: Targets

### What Changed

As of September 18, 2026, Usha Martin (NSE: USHAMART) has seen its stock price increase to ₹507.2 from a previous price of ₹495.65. This marks a recent upward movement in the stock's valuation. The company profile and exchange listing on NSE remain consistent with prior context.

- On 2026-09-18, the stock price was ₹507.2.
- The stock price on the preceding observation date was ₹495.65.
- Usha Martin is listed on the NSE.

### Official Filings

Usha Martin Limited has provided updates regarding investor engagement and its recent Annual General Meeting (AGM). The company held its 40th AGM on August 20, 2026, where shareholders approved a dividend of ₹3.75 per equity share for the financial year ended March 31, 2026. Key governance decisions included the reappointment of Mr. Chirantan Chatterjee as a director and M/s MSKA & Associates LLP as statutory auditors for five years. The AGM also saw the appointment of three new non-executive directors: Ms. Shreya Jhawar, Mr. Dimitri Bracco Gartner, and Mr. Sabyasachi Majumder. Additionally, remuneration for cost auditors and payments for independent and managing directors were ratified. All 12 resolutions presented at the AGM were approved, including the adoption of financial statements, the dividend, director reappointments, auditor appointments, and remuneration for the Managing Director and Independent Directors. In terms of financial performance, the company reported for Q1 FY27 consolidated revenue of ₹1,033 crore, a 16% year-on-year increase, with operating EBITDA rising 44% to ₹208 crore, resulting in a 20.1% EBITDA margin. The company generated ₹242 crore in operating cash flow and ended the quarter with ₹465 crore in net cash. Capital expenditure for Q1 FY27 was ₹73 crore, with a full-year forecast of ₹250-300 crore. Usha Martin Limited also received a voluntary ESG Rating and Core ESG Rating from Crisil ESG Ratings & Analytics Ltd.

- On August 20, 2026, Usha Martin Limited held its 40th AGM, approving a dividend of ₹3.75 per equity share for FY26.
- Shareholders reappointed Mr. Chirantan Chatterjee as director and M/s MSKA & Associates LLP as statutory auditors for five years at the August 20, 2026 AGM.
- Three new non-executive directors were appointed at the August 20, 2026 AGM: Ms. Shreya Jhawar, Mr. Dimitri Bracco Gartner, and Mr. Sabyasachi Majumder.
- For Q1 FY27, Usha Martin Limited reported consolidated revenue of ₹1,033 crore (up 16% YoY) and operating EBITDA of ₹208 crore (up 44% YoY).
- The company reported ₹465 crore in net cash at the end of Q1 FY27 and has a full-year capital expenditure forecast of ₹250-300 crore.

- USHAMART: Usha Martin Limited has informed the Exchange about Schedule of meet. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- USHA MARTIN LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- USHAMART: Usha Martin Limited has informed the Exchange about Schedule of meet. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- USHAMART: Usha Martin Limited has informed the Exchange about ESG Rating & Core ESG Rating assigned voluntarily by Crisil ESG Ratings & Analytics Ltd. |SUBJECT: General Updates
- USHAMART: Usha Martin Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2026. |SUBJECT: Shareholders meeting
- Usha Martin Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 20, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting

### Fundamentals

Usha Martin, listed on the NSE, reported its financial results for the period ending Q1 FY2026-27. Revenue from operations showed an upward trend, reaching ₹1,033 crore in Q1 FY2026-27, an increase from ₹979.26 crore in Q4 FY2025-26 and ₹917.05 crore in Q3 FY2025-26. Profit Before Tax (PBT) followed a similar pattern, increasing to ₹179.15 crore in Q1 FY2026-27 from ₹133.11 crore in Q3 FY2025-26, although it saw a slight decrease from ₹199.91 crore in Q4 FY2025-26. The company's Profit Loss For Period also reflected this trend, standing at ₹142.04 crore in Q1 FY2026-27, compared to ₹107.67 crore in Q3 FY2025-26 and ₹148.03 crore in Q4 FY2025-26. Finance costs remained relatively stable, reported at ₹3.90 crore in Q1 FY2026-27.

The company's operating performance indicates growth in revenue, with profitability metrics generally moving in line, though with some sequential fluctuations. The effective tax rate, calculated from Profit Before Tax and Tax Expense, varied across the periods. For Q1 FY2026-27, the tax expense was ₹42.08 crore on a PBT of ₹179.15 crore. For Q4 FY2025-26, the tax expense was ₹49.25 crore on a PBT of ₹199.91 crore. For Q3 FY2025-26, the tax expense was ₹30.09 crore on a PBT of ₹133.11 crore. Key areas to monitor would be the sustained growth in revenue and the consistency of profit margins, as well as the trend in finance costs.

- Revenue from operations increased to ₹1,033 crore in Q1 FY2026-27.
- Profit Before Tax was ₹179.15 crore in Q1 FY2026-27.
- Profit Loss For Period stood at ₹142.04 crore in Q1 FY2026-27.
- Finance Costs were ₹3.90 crore in Q1 FY2026-27.
- Segment Profit Before Tax was ₹184.12 crore in Q1 FY2026-27.

### Bull Case

The company's stock has shown positive returns across several periods, indicating upward momentum. Specifically, it has delivered a return of 22% over the past year and 23% over the last six months. On a longer-term monthly basis, technical indicators suggest a bullish trend, with the Supertrend indicator at 316.48 and the 20-day Exponential Moving Average (EMA) at 434.77. This is further supported by a positive 1-year return of 0.22 and a 6-month return of 0.23. The stock is currently trading at ₹507.2, with a daily Supertrend indicator in a bearish direction, but the monthly trend remains bullish.

- The stock has achieved a 1-year return of 22% and a 6-month return of 23% as of 2026-09-18.
- On a monthly timeframe, the Supertrend indicator is bullish at 316.48.
- The stock price has shown a positive return of 2% over the last month and 3% over the last three months.

- Buy Usha Martin; target of Rs 620: Anand Rathi
- Paytm, Kalyan Jewellers, BSE, Tenneco, Titagarh, Cochin Shipyard, Sharda Motor shares: Targets

### Bear Case

The company's daily technical trend indicates a bearish Super Trend direction as of September 18, 2026, with the Super Trend indicator at 514.99. This suggests a potential short-term downward momentum. While the monthly trend shows a bullish Super Trend direction, the daily indicators, such as the negative slope of the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), point to prevailing caution in the near term. The stock has experienced a maximum drawdown of -25% historically, and its current drawdown is -3%.

- As of September 18, 2026, the daily Super Trend direction is bearish at 514.99.
- The 20-day EMA slope is -3.05 and the 50-day EMA slope is -1.42, indicating a downward trend.
- The stock has experienced a maximum drawdown of -25% and a current drawdown of -3%.

- Buy Usha Martin; target of Rs 620: Anand Rathi
- Paytm, Kalyan Jewellers, BSE, Tenneco, Titagarh, Cochin Shipyard, Sharda Motor shares: Targets

### FAQs

**What recent corporate actions and upcoming events has Usha Martin Limited announced?**

Usha Martin Limited held its 40th Annual General Meeting on August 20, 2026, where shareholders approved a dividend of ₹3.75 per equity share for the financial year ended March 31, 2026. The company also announced the reappointment of Mr. Chirantan Chatterjee as a director and M/s MSKA & Associates LLP as statutory auditors for five years, along with the appointment of three new non-executive directors. Additionally, the company scheduled a physical group meeting with analysts and institutional investors for September 8, 2026, in Ranchi. Usha Martin Limited also informed the exchange about ESG ratings assigned by Crisil ESG Ratings & Analytics Ltd. on August 21, 2026.

**How has Usha Martin Limited's stock performed over different periods, and what are its recent returns?**

As of September 18, 2026, Usha Martin Limited has shown positive returns over several periods. The year-to-date (YTD) return was 0.14, and the return over the last 6 months was 0.23. The stock also saw a return of 0.22 over the past year. Shorter-term returns include 0.02 for the last month and 0.03 for the last 3 months. The return since the start of trading for which data is available is 0.32.

**What are the key technical indicators and price levels for Usha Martin Limited as of September 18, 2026?**

As of September 18, 2026, Usha Martin Limited's stock closed at ₹507.2 on the NSE. The daily trend shows the closing price above the 20-day and 50-day Simple Moving Averages (SMA), with SMAs having a negative slope over the last 5 periods, indicating a potential short-term slowdown. The Supertrend indicator on a daily basis is bearish at ₹514.99. However, on a monthly timeframe, the Supertrend is bullish at ₹316.48, and the 20-day Exponential Moving Average (EMA) is ₹434.77. Key resistance levels are noted around ₹510.57 and ₹511.88, while support levels are identified near ₹503.77 and ₹490.38.

**What external analyst recommendations are available for Usha Martin Limited?**

An analyst firm, Anand Rathi, has issued a 'Buy' recommendation for Usha Martin Limited with a target price of ₹620.

- Buy Usha Martin; target of Rs 620: Anand Rathi
- Paytm, Kalyan Jewellers, BSE, Tenneco, Titagarh, Cochin Shipyard, Sharda Motor shares: Targets
- USHAMART: Usha Martin Limited has informed the Exchange about Schedule of meet. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- USHA MARTIN LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- USHAMART: Usha Martin Limited has informed the Exchange about Schedule of meet. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- USHAMART: Usha Martin Limited has informed the Exchange about ESG Rating & Core ESG Rating assigned voluntarily by Crisil ESG Ratings & Analytics Ltd. |SUBJECT: General Updates
- USHAMART: Usha Martin Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2026. |SUBJECT: Shareholders meeting
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹490.38
- Risk regime: Price Risk Currently Contained

### Support levels
- 457.440625
- 439.18125
- 437.1

### Resistance levels
- 510.56562499999995
- 527.6624999999999
- 511.8833333333334

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.33% |
| return_10 | -1.64% |
| return_1m | +1.68% |
| return_1y | +21.97% |
| return_20 | +2.33% |
| return_3m | +3.34% |
| return_5 | +2.31% |
| return_6m | +23.06% |
| return_since_start | +32.15% |
| return_ytd | +14.26% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -24.64% |
| annualized_volatility | +35.03% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Reaches New High While Sequential Profit Declines on Margin Compression

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 and Profit

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.

## Margin and Expense Composition

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.

## Segment Results

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

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-16 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_16092026201336_Intimation16092026.pdf)
- 2026-09-16 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1938_WebXMLFile_20260916_202214333.xml)
- 2026-09-03 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_03092026171915_Intimation03092026.pdf)
- 2026-08-21 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_21082026233511_SEIntimation21082026.pdf)
- 2026-08-20 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_20082026201121_AGMProceedings2026.pdf)
- 2026-08-20 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_20082026234223_SEIntimation20082026.pdf)
- 2026-08-03 — Official Filing: Usha Martin Limited has disclosed the transcripts of its earnings call held on July 28, 2026. The company previously intimated the exchange on July 23, 2026, regarding this call. The transcripts were uploaded to the company's website on August 3, 2026, at 19:10:00.
- 2026-08-03 — Generic Announcement: Usha Martin Limited reported Q1 FY27 results with consolidated revenue up 16% year-on-year to INR 1,033 crore and operating EBITDA up 44% to INR 208 crore, achieving a 20.1% EBITDA margin. The company saw strong performance in wire ropes and wires, with value growth outpacing volume in wire ropes due to improved realizations and a shift to specialized products. The Middle East operations experienced a 28% volume decline due to geopolitical issues, but improved realizations maintained revenues. The company generated INR 242 crore in operating cash flow and ended the quarter with INR 465 crore in net cash. Capital expenditure for Q1 FY27 was INR 73 crore, with a full-year forecast of INR 250-300 crore, including capacity expansion for elevator ropes. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_03082026193746_SESubmissionTranscript.pdf)
- 2026-07-28 — Generic Announcement: Usha Martin Limited announced on July 28, 2026, that the audio recording of its Q1 FY27 Earnings Conference Call, held on the same date, is now available on the company's website. The transcript of the call will be provided to the stock exchanges and uploaded to the company website later. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_28072026191707_AudioRecordingIntimation28072026.pdf)
- 2026-07-28 — Official Filing: Usha Martin Limited has disclosed an audio recording of an earnings call held on July 28, 2026. The call concluded at 11:33:00 on the same date. The audio recording was uploaded to the company's website on July 28, 2026, at 18:22:00 and is available at the provided weblink.
- 2026-07-28 — Generic Announcement: Usha Martin Limited published its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, on July 28, 2026. The consolidated results show a total income from operations of ₹1,03,300 Lakhs and a net profit after tax of ₹14,204 Lakhs. The standalone results reported a turnover of ₹64,249 Lakhs and a profit after tax of ₹9,760 Lakhs. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_28072026125936_NewspaperPublication28072026.pdf)
- 2026-07-28 — Generic Announcement: Usha Martin Limited published a notice on July 28, 2026, regarding its 40th Annual General Meeting (AGM) scheduled for August 20, 2026. The company recommended a final dividend of Rs. 3.75 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the AGM. The record date for dividend entitlement is August 13, 2026, with payment expected on or after August 24, 2026. The AGM and voting will be conducted via video conferencing, with remote e-voting available from August 17 to August 19, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_28072026125424_NewspaperPublication28072026.pdf)
- 2026-07-27 — Earnings Presentation: Usha Martin Limited has released its Earnings Presentation for Q1 FY27, reporting a consolidated revenue of Rs. 1,033 crore, a 16.4% year-over-year increase. Operating EBITDA rose by 43.8% to Rs. 208 crore, with margins expanding to 20.1%. The company also reported a net cash position of Rs. 465 crore and an upgrade in its long-term credit rating to 'IND AA-/Stable' by India Ratings and Research. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_27072026191754_SEEarningsPPT.pdf)
- 2026-07-27 — Press Release: Usha Martin Limited announced its Unaudited Financial Results for the Quarter ended June 30, 2026. Revenue from operations grew 16.4% year-on-year to Rs. 1,033.0 crore. Operating EBITDA increased by 43.8% to Rs. 208.0 crore, and Profit After Tax (PAT) grew by 40.9% to Rs. 142.0 crore. The company also reported a basic EPS of Rs. 4.66 and generated Rs. 242 crore of operating cash flow. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_27072026191359_SEPressReleaseQ1FY27.pdf)
- 2026-07-27 — Official Filing: Usha Martin Limited will hold its Q1 FY27 Earnings Conference Call virtually on July 28, 2026, at 10:30 AM IST. The call, scheduled following the declaration of Q1 FY27 results on July 27, 2026, will include a management discussion and a Q&A session. The event is open to investors, analysts, and shareholders.
- 2026-07-27 — Official Filing: USHA MARTIN LIMITED will hold its 40th Annual General Meeting on August 20, 2026, at 11:30 AM via Video Conference. The agenda includes adopting financial statements for the year ended March 31, 2026, declaring a dividend of Rs. 3.75 per equity share, appointing Mr. Chirantan Chatterjee as a Director, and appointing M/s. MSKA & Associates LLP as Statutory Auditors for five years from FY 2026-27. The meeting will also address the re-appointment of Independent Directors Mr. Venkatachalam Ramakrishna Iyer and Mr. Sethurathnam Ravi, and the appointment of Non-Executive Directors Ms. Shreya Jhawar, Mr. Dimitri Bracco Gartner, and Mr. Sabyasachi Majumder.
- 2026-07-27 — Generic Announcement: Usha Martin Limited has announced its 40th Annual General Meeting (AGM) scheduled for August 20, 2026, at 11:30 AM IST, to be conducted via Video Conferencing/Other Audio Visual Means. The company is enclosing its Annual Report for the Financial Year 2025-26 along with the AGM notice. The recommended dividend for FY 2025-26, if approved at the AGM, will be payable to shareholders of record on August 13, 2026, on or after August 24, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_27072026231019_SEAnnualReport2025-26.pdf)
- 2026-07-27 — Generic Announcement: Usha Martin Limited has announced its 40th Annual General Meeting (AGM) scheduled for August 20, 2026, at 11:30 AM IST, to be conducted via Video Conferencing/Other Audio Visual Means. The company is enclosing its Annual Report for the Financial Year 2025-26 along with the AGM notice. The recommended dividend for FY 2025-26, if approved at the AGM, will be payable to shareholders of record on August 13, 2026, on or after August 24, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_27072026231405_SEAnnualReport2025-26.pdf)
- 2026-07-27 — Generic Announcement: Usha Martin Limited has informed shareholders via letter on July 27, 2026, that their Annual Report for FY 2025-26 is accessible via a weblink, as required by SEBI Listing Regulations. The company's 40th Annual General Meeting is scheduled for August 20, 2026, via video conferencing. Key dates include August 13, 2026, as the record date for dividend and e-voting cut-off, with remote e-voting from August 17 to August 19, 2026. A special window for dematerialization of physical securities is open from February 5, 2026, to February 4, 2027. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_27072026234756_SEWeblinkLetter.pdf)
- 2026-07-27 — Generic Announcement: Usha Martin Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, on July 27, 2026. The review report by S.R. Batliboi & Co. LLP noted ongoing proceedings by the Enforcement Directorate and CBI related to iron ore fines sales totaling Rs. 19,037 Lakhs, but stated no adjustments were deemed necessary to the financial results pending the outcome. The company's ongoing operations were not affected by these proceedings. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_27072026170328_SESubmissionBMOutcome27072026.pdf)
- 2026-07-23 — Generic Announcement: Usha Martin Limited will host its Q1 FY27 Earnings Conference Call on Tuesday, July 28, 2026, at 10:30 AM IST, following the declaration of its Q1 FY27 results on Monday, July 27, 2026. Senior management will discuss the results and conduct a Q&A session. The company is a global specialty steel wire rope solutions provider. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_23072026160627_SEIntimation23072026.pdf)
- 2026-07-23 — Credit Rating Update: On July 23, 2026, India Ratings and Research Pvt. Ltd. upgraded Usha Martin Limited's Long-Term Credit Facilities rating to 'IND AA-' from 'IND A+' with a Stable Outlook. The rating for Short-Term Credit Facilities was reaffirmed as 'IND A1+'. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_23072026210701_Intimation23072026CR.pdf)
- 2026-07-20 — Official Filing: Usha Martin Limited will close its trading window for designated persons and their immediate relatives from July 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026. The board meeting to consider these results is scheduled for July 27, 2026.
- 2026-07-16 — Generic Announcement: Usha Martin Limited published a notice on July 16, 2026, regarding its 40th Annual General Meeting (AGM) scheduled for August 20, 2026. The AGM will be conducted via video conferencing, and shareholders of record as of August 13, 2026, can participate and vote electronically. The company also provided information on updating shareholder details, the taxability of dividends, and a special window for dematerializing physical securities from February 5, 2026, to February 4, 2027. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_16072026180125_Intimation16072026.pdf)
- 2026-07-15 — Generic Announcement: Usha Martin Limited will hold its 40th Annual General Meeting on August 20, 2026, at 11:30 AM IST via Video Conferencing. The record date for determining dividend eligibility for the financial year ended March 31, 2026, has been set as August 13, 2026, subject to member approval of the dividend at the AGM. The company will also submit the AGM notice and annual report in due course. — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_15072026173936_Intimation15072026.pdf)

## News and market events

- 2026-09-15 — MONEYCONTROL: **Buy Usha Martin; target of Rs 620: Anand Rathi** — Anand Rathi, Usha Martin, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-usha-martin-target-of-rs-620-anand-rathi-14029999.html)
- 2026-09-15 — BUSINESSTODAY: **Paytm, Kalyan Jewellers, BSE, Tenneco, Titagarh, Cochin Shipyard, Sharda Motor shares: Targets** — Paytm share price, Kalyan Jewellers share price, BSE share price, Cochin Shipyard share price, Titagarh Rail share price, Usha Martin share price, Sharda Motor share price, Tenneco Clean Air share price — [Source](https://www.businesstoday.in/markets/stocks/story/paytm-kalyan-jewellers-bse-tenneco-titagarh-cochin-shipyard-sharda-motor-shares-targets-555480-2026-09-15)
- 2026-08-18 — CNBC-TV18: **Hold Paytm, stay cautious on Zaggle; Usha Martin, Skipper in focus, says Mayuresh Joshi** — Mayuresh Joshi, Director-Research, Marketsmith India, explains why Zaggle may remain in consolidation, highlights risks for hospital stocks from proposed pricing caps, advises investors to hold Paytm, and names Usha Martin and Skipper as his preferred bets. Why are these two stocks on his radar, and what lies ahead for Zaggle? Watch the full interview to find out. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions. — [Source](https://www.cnbctv18.com/videos/market/market-analysts-mayuresh-joshi-zaggle-paytm-manipal-health-usha-martin-skipper-19971603.htm)
- 2026-08-13 — REDIFF.COM: **How Tata Steel Tackled Challenges Under Chandra** — Tata Steel more than doubled its Indian capacity through acquisitions and expansion, strengthening cash generation as it pursued a costly restructuring of its European operations. — [Source](https://www.rediff.com/business/report/how-tata-steel-overcame-challenges-under-chandrasekharan/20260813.htm)
- 2026-08-06 — Mint: **Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 6 August 2026** — Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today — BLS International Services, Usha Martin, 360 One Wam, Netweb Technologies India, and IPCA Laboratories. — [Source](https://www.livemint.com/market/stock-market-news/breakout-stocks-to-buy-or-sell-sumeet-bagadia-recommends-five-shares-to-buy-today-6-august-2026-11785976757322.html)
- 2026-07-30 — MONEYCONTROL: **Buy Usha Martin; target of Rs 594: Prabhudas Lilladher** — Prabhudas Lilladher, Usha Martin, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-usha-martin-target-of-rs-594-prabhudas-lilladher-13988024.html)

## Business profile

**Strategic vision:** Global manufacturer of wire ropes, strands, and steel products.

### Business segments
- **Wire Ropes:** High-performance wire ropes designed for various demanding applications.
- **LRPC Strands:** Low Relaxation Pre-stressed Concrete strands used in construction and infrastructure.
- **Wires and Bars:** A range of steel wires, including speciality wires, bright bars, and wire rods.
- **Prestressing Accessories:** Components used in prestressing applications.
- **Machinery:** Wire drawing and cable machinery.
- **Optical Fibre Cables:** Cables for telecommunications infrastructure.

### Competitive strengths
- Global manufacturing and distribution network
- Specialized product portfolio for critical industrial applications
- Integrated technical know-how across facilities

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/ushamart
Markdown representation: https://faxioms.com/stocks/ushamart?render=md