# Usha Martin (USHAMART) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹478
- Change: -1.98%
- As of: 2026-11-06
- 1D return: -1.98%
- 5D return: +7.20%
- 1M return: -5.15%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

On 2026-11-06, USHAMART closed at ₹478.00, marking a moderate downward gap of -2.0% that aligns with a daily Supertrend signal shift to bearish. The stock is currently positioned in the upper-middle of its 252-day range (+60.3%) but near the middle of its 20-day range (+53.0%). While the monthly trend remains established and bullish (ADX 27.52), the daily trend is weak (ADX 14.94) with price trading below key short-term averages like the 50-period EMA and SMA. Recent volatility is elevated, with annualized volatility at +35.2% and a current drawdown of -10.7%. Immediate resistance sits at ₹479.78 (0.37% above), while support is found at ₹474.57 (0.72% below). A break below ₹474.57 would extend downside toward ₹460.80 (-3.60%), whereas a sustained move above ₹479.78 could retest the ₹483.72 level.

- Daily Trend Weakness: Supertrend turned bearish on 2026-11-06 with low conviction (ADX 14.94); price is below 50-period EMA/SMA but above 200-period SMA.
- Monthly Bullish Context: Monthly timeframe shows an established bullish trend (ADX 27.52) with price above all major moving averages and Supertrend.
- Key Levels: Immediate resistance at ₹479.78 (+0.37%); first support at ₹474.57 (-0.72%). A break below support targets ₹460.80 (-3.60%).
- Volatility & Risk: High annualized volatility (+35.2%) and ATR (3.45%) suggest wide swings; current drawdown stands at -10.7% from recent highs.

- Doji
- Harami
- Shooting Star
- Bullish Engulfing Reversal

### Official Filings

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 dated September 25, 2026, became effective on October 31, 2026, on a going concern basis. The total consideration is ₹77 crore, subject to working capital adjustments. This divestment alters the company's operational footprint and capital structure.

In governance and compliance news, USHAMART disclosed two voluntary ESG ratings for FY 2025–2026: a score of 69.57 from Niche Ninety Nine Capability and Certifications and an upgraded rating of '63' from NSE Sustainability Ratings (up from 60 in the previous year). Both ratings were assigned independently based on public data without engagement by the company. Additionally, the shareholding pattern as of September 30, 2026, shows Promoters holding 40.09% and Public Shareholders holding 59.8%. A trading window closure for designated persons commenced on October 1, 2026, lasting until 48 hours after the declaration of unaudited financial results for the quarter and half-year ending September 30, 2026.

- Slump Sale Completion: Usha Martin Limited completed the transfer of U M Cables Limited to R R Kabel Limited effective October 31, 2026, with a total consideration of ₹77 crore subject to working capital adjustments.
- ESG Rating Updates: The company received voluntary ESG ratings for FY 2025–2026, including a score of 69.57 from Niche99 and an upgraded rating of '63' from NSE Sustainability Ratings, both conducted independently.
- Shareholding Structure: As of September 30, 2026, Promoters and Promoter Group hold 40.09% of shares, while Public Shareholders hold 59.8%, with no equity shares having differential voting rights.
- Trading Window Restriction: Insider trading restrictions were in effect from October 1, 2026, until 48 hours post-declaration of Q2/H1 FY2026-27 unaudited financial results.

- [USHAMART: Usha Martin Limited has informed the Exchange about Completion of Slump Sale of the Business Undertaking of U M Cables Limited ( Wholly-owned subsidiary ). |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/USHAMART_01112026103921_SEDisclosure01112026.pdf)
- [USHA MARTIN LIMITED has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL |SUBJECT: Update-Slump Sale-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1938_WebXMLFile_20261101_115520668.xml)
- [USHAMART: Usha Martin Limited has informed the Exchange about ESG Rating assigned voluntarily by Niche Ninety Nine Capability and Certifications (OPC) Private Limited. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/USHAMART_01112026140628_ESGRatingDisclosure01112026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 40.09 | PUBLIC_VAL: 59.8 | EMPTR: .11 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742404_21102026013221_WEB.xml)
- [USHAMART: Usha Martin Limited has informed the Exchange about ESG Rating assigned voluntarily by NSE Sustainability Ratings and Analytics Limited. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/USHAMART_15102026223501_DisclosureESGrating15102026.pdf)
- [USHAMART: Usha Martin Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/USHAMART_14102026225721_Reg74_5_Disclosure.pdf)
- [USHAMART: Usha Martin Limited has informed the Exchange about Copy of Newspaper Publication regarding "Special Window for Transfer and Dematerialization of Physical Securities". |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/USHAMART_06102026183935_Disclosure06102026.pdf)
- [Usha Martin Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/USHAMART_28092026160729_ClosureofTradingWindow.pdf)
- [USHA MARTIN LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1938_WebXMLFile_20260928_161012669.xml)
- [NAME(S)OF THE ACQUIRER AND ITS(PAC) : Peterhouse Investments Ltd](https://nsearchives.nseindia.com/corporate/USHAMART_09252026163654_53423.zip)

### Fundamentals

Usha Martin demonstrates a robust long-term earnings trajectory with improving cash conversion, though recent quarterly momentum shows signs of deceleration. Over the trailing twelve months (TTM), sales grew 9% to ₹3,837 crore and net profit surged 35% to ₹508 crore, supported by strong operating leverage as finance costs fell to ₹17 crore from ₹30 crore in FY2026. Cash flow quality is evident: CFO/EBITDA improved to 104% in Mar 2026, and borrowings declined significantly to ₹229 crore from ₹417 crore in Mar 2025. However, sequential growth has slowed; Q1 FY2026-27 revenue rose only slightly to ₹1,033 crore from ₹979.26 crore in Q4 FY2025-26, while net profit dipped sequentially to ₹142.04 crore. Working capital efficiency remains a key area to watch, with inventory days at 187 and debtor days rising to 64 in Mar 2026. Institutional interest is shifting, with DIIs increasing their stake to 17.34% by Sep 2026.

- TTM Net Profit grew 35% to ₹508 crore on 9% sales growth (₹3,837 crore), driven by lower finance costs (₹17 crore) and higher operating margins.
- Sequential momentum softened in Q1 FY2026-27: Revenue increased marginally to ₹1,033 crore and Net Profit decreased to ₹142.04 crore from Q4 levels.
- Balance sheet strengthened materially: Borrowings fell to ₹229 crore (Mar 2026) and CFO/EBITDA ratio improved to 104%, indicating high cash conversion quality.
- Next checkpoint: Monitor if Q2 FY2026-27 results sustain the TTM profit growth trend or reflect further sequential deceleration amid rising inventory days (187).

### Bear Case

Usha Martin exhibits mixed technical signals that warrant caution for short-term traders. On the daily timeframe, the Supertrend indicator has turned bearish, and both the 20-day and 50-day simple moving averages show negative slopes over the last five days (-8.56 and -1.69 respectively), indicating weakening near-term momentum. The stock closed at ₹478 on November 6, 2026, down from a previous close of ₹487.65, with an Average True Range (ATR) of 3.45% suggesting elevated intraday volatility. While the monthly trend remains bullish, the daily ADX of 14.94 indicates weak trend strength, increasing the likelihood of range-bound or choppy price action rather than a sustained directional move. Investors should monitor the immediate support level at ₹474.57; a break below this threshold could expose the stock to deeper corrections toward ₹460.80.

- Daily Supertrend is bearish as of November 6, 2026, signaling a shift in short-term momentum despite monthly bullishness.
- Moving average slopes are negative: SMA-20 slope is -8.56 and SMA-50 slope is -1.69 over the last five days, reflecting recent downward pressure.
- Immediate support sits at ₹474.57 (0.72% below current price); failure to hold this level may trigger further downside toward ₹460.80.
- Low ADX reading of 14.94 on the daily chart suggests weak trend conviction, raising the risk of sideways consolidation or erratic price swings.

- [Sensex today | Stock Market Live Updates: Stock to buy today: Usha Martin (₹486) – BUY](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-5-november-2026/article71665358.ece)
- [Stock to buy today: Usha Martin (₹486) – BUY](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-usha-martin-486-buy/article71665760.ece)
- [USHAMART: Usha Martin Limited has informed the Exchange about Completion of Slump Sale of the Business Undertaking of U M Cables Limited ( Wholly-owned subsidiary ). |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/USHAMART_01112026103921_SEDisclosure01112026.pdf)
- [USHA MARTIN LIMITED has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL |SUBJECT: Update-Slump Sale-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1938_WebXMLFile_20261101_115520668.xml)
- [USHAMART: Usha Martin Limited has informed the Exchange about ESG Rating assigned voluntarily by Niche Ninety Nine Capability and Certifications (OPC) Private Limited. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/USHAMART_01112026140628_ESGRatingDisclosure01112026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 40.09 | PUBLIC_VAL: 59.8 | EMPTR: .11 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742404_21102026013221_WEB.xml)
- [USHAMART: Usha Martin Limited has informed the Exchange about ESG Rating assigned voluntarily by NSE Sustainability Ratings and Analytics Limited. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/USHAMART_15102026223501_DisclosureESGrating15102026.pdf)
- [USHAMART: Usha Martin Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/USHAMART_14102026225721_Reg74_5_Disclosure.pdf)
- [USHAMART: Usha Martin Limited has informed the Exchange about Copy of Newspaper Publication regarding "Special Window for Transfer and Dematerialization of Physical Securities". |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/USHAMART_06102026183935_Disclosure06102026.pdf)
- [Usha Martin Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/USHAMART_28092026160729_ClosureofTradingWindow.pdf)

### FAQs

**What major corporate restructuring has Usha Martin recently completed?**

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.

**How has Usha Martin's ESG rating changed recently?**

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.

**What are the current technical support and resistance levels for USHAMART?**

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.

**What does the recent market commentary suggest about the stock's price trajectory?**

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.

- [Sensex today | Stock Market Live Updates: Stock to buy today: Usha Martin (₹486) – BUY](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-5-november-2026/article71665358.ece)
- [Stock to buy today: Usha Martin (₹486) – BUY](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-usha-martin-486-buy/article71665760.ece)
- [USHAMART: Usha Martin Limited has informed the Exchange about Completion of Slump Sale of the Business Undertaking of U M Cables Limited ( Wholly-owned subsidiary ). |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/USHAMART_01112026103921_SEDisclosure01112026.pdf)
- [USHA MARTIN LIMITED has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL |SUBJECT: Update-Slump Sale-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1938_WebXMLFile_20261101_115520668.xml)
- [USHAMART: Usha Martin Limited has informed the Exchange about ESG Rating assigned voluntarily by Niche Ninety Nine Capability and Certifications (OPC) Private Limited. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/USHAMART_01112026140628_ESGRatingDisclosure01112026.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 40.09 | PUBLIC_VAL: 59.8 | EMPTR: .11 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 21-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742404_21102026013221_WEB.xml)
- [USHAMART: Usha Martin Limited has informed the Exchange about ESG Rating assigned voluntarily by NSE Sustainability Ratings and Analytics Limited. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/USHAMART_15102026223501_DisclosureESGrating15102026.pdf)
- [USHAMART: Usha Martin Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/USHAMART_14102026225721_Reg74_5_Disclosure.pdf)
- [USHAMART: Usha Martin Limited has informed the Exchange about Copy of Newspaper Publication regarding "Special Window for Transfer and Dematerialization of Physical Securities". |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/USHAMART_06102026183935_Disclosure06102026.pdf)
- [Usha Martin Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/USHAMART_28092026160729_ClosureofTradingWindow.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹488.93
- Risk regime: Price Risk Requires Attention

### Support levels
- 460.7953125
- 448.75
- 440.740625

### Resistance levels
- 485.7093383789063
- 496.05
- 505.4

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.98% |
| return_10 | +3.90% |
| return_1m | -7.49% |
| return_1y | +3.02% |
| return_20 | -5.15% |
| return_3m | -7.30% |
| return_5 | +7.20% |
| return_6m | +1.86% |
| return_since_start | +24.54% |
| return_ytd | +7.68% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -24.64% |
| annualized_volatility | +35.16% |

## 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

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +40.28%
- FII holding: +15.10%
- DII holding: +15.26%
- Mutual fund holding: +12.14%
- Retail holding: +13.57%
- Promoter pledged: +0.00%

### Major reported shareholders

- UMIL SHARE AND STOCK BROKING SERVICES LTD — +13.48% (Bodies Corporate)
- KENWYN OVERSEAS LIMITED — +8.06% (Overseas Corporate Bodies)
- USHA MARTIN VENTURES LIMITED — +6.21% (Bodies Corporate)
- INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRATEGY — +5.11%
- NEUTRAL PUBLISHING HOUSE LIMITED — +4.78% (Bodies Corporate)
- TATA MUTUAL FUNDS — +4.17%
- QUANT MUTUAL FUNDS — +3.83%
- BRIJ INVESTMENTS PVT LTD — +2.07% (Bodies Corporate)
- TATA INDIAN OPPORTUNITIES FUND — +1.68%
- ICICI PRUDENTIAL MUTUAL FUNDS — +1.57%

## Official filings

- 2026-11-07 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_07112026133202_Intimation07112026.pdf)
- 2026-11-07 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1938_WebXMLFile_20261107_141142461.xml)
- 2026-11-06 — Board Meeting Notice: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_06112026164844_BMIntimation06112026.pdf)
- 2026-11-06 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1938_WebXMLFile_20261106_171020961.xml)
- 2026-11-01 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_01112026103921_SEDisclosure01112026.pdf)
- 2026-11-01 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1938_WebXMLFile_20261101_115520668.xml)
- 2026-11-01 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_01112026140628_ESGRatingDisclosure01112026.pdf)
- 2026-10-20 — Shareholding Disclosure: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742404_21102026013221_WEB.xml)
- 2026-10-15 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_15102026223501_DisclosureESGrating15102026.pdf)
- 2026-10-14 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_14102026225721_Reg74_5_Disclosure.pdf)
- 2026-10-06 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_06102026183935_Disclosure06102026.pdf)
- 2026-09-28 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_28092026160729_ClosureofTradingWindow.pdf)
- 2026-09-28 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1938_WebXMLFile_20260928_161012669.xml)
- 2026-09-25 — Regulatory Filing: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_09252026163654_53423.zip)
- 2026-09-25 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_25092026170410_SEDisclosure25092026.pdf)
- 2026-09-24 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_24092026215114_SEDisclosure24092026.pdf)
- 2026-09-24 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1938_WebXMLFile_20260924_220932933.xml)
- 2026-09-23 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_23092026202051_SEIntimationInvestorMeet23092026Signed.pdf)
- 2026-09-23 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1938_WebXMLFile_20260923_202241025.xml)
- 2026-09-23 — Generic Announcement: Usha Martin Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/USHAMART_23092026203022_SEDisclosureESGRating23092026Signed.pdf)
- 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)

## News and market events

- 2026-11-05 — The Hindu: **Sensex today | Stock Market Live Updates: Stock to buy today: Usha Martin (₹486) – BUY** — 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. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-5-november-2026/article71665358.ece)
- 2026-11-05 — The Hindu: **Stock to buy today: Usha Martin (₹486) – BUY** — 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. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-usha-martin-486-buy/article71665760.ece)
- 2026-09-25 — BUSINESS: **Sensex, Nifty slipped into negative territory; European shares bounce back** — 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. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-nifty-slipped-into-negative-territory-european-shares-bounce-back-126092500590_1.html)
- 2026-09-25 — BUSINESS: **Sensex, Nifty trade near flat line; realty shares jump** — Realty shares rebounded after declining in the previous trading session. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-nifty-trade-near-flat-line-realty-shares-jump-126092500471_1.html)
- 2026-09-25 — BUSINESS: **Usha Martin sells optical fibre manufacturing business to R R Kabel for Rs 77 crore** — 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. — [Source](https://www.business-standard.com/markets/capital-market-news/usha-martin-sells-optical-fibre-manufacturing-business-to-r-r-kabel-for-rs-77-crore-126092500403_1.html)
- 2026-09-23 — MONEYCONTROL: **Trade Spotlight: How should you trade Usha Martin, Carborundum Universal, Engineers India, Lumax Auto Tech, RBL Bank, and others on September 23?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,Star Health and Allied Insurance Company,Usha Martin,Carborundum Universal,Engineers India,Lumax Auto Technologies,RBL Bank, — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-usha-martin-carborundum-universal-engineers-india-lumax-auto-tech-rbl-bank-and-others-on-september-23-14035888.html)
- 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: 2026-11-06
- Source: Faxioms public stock analysis API

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