Usha Martin Limited (USHAMART) Fair Value & Analysis
Basic Materials · IN · Market cap ₹153B
Fair value as of: Jul 3, 2026
From 25 valuation models · updated today
Share price +3.2% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹339.50 – ₹519.80 · fair‑value band ₹183.01 – ₹325.30 · the ₹514.10 price screens above the ₹260.24 fair value. As of Jul 3, 2026.
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Usha Martin Limited (USHAMART) currently trades at ₹514.10, while our model-based Fair Value estimate is ₹260.24 — implying the stock looks roughly 49.4% overvalued today. We read business quality at 69/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Usha Martin Limited generated revenue of ₹36.9B at a net margin of 12.6%. Revenue grew 9.3% year over year. It earns a return on equity of 16.2%. The balance sheet holds a net cash position of ₹2.5B. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Usha Martin Limited, together with its subsidiaries, manufactures and sells steel wires, strands, wire ropes, and cord related accessories in India and internationally. The company offers wire ropes, including crane, mining, elevator, oil and offshore, fishing, general engineering, aerial transportation, structural, and forestry ropes, as well as conveyor cord. It also provides spring, welding, fencing, ACSR, needle, mesh, fishhook, CHQ, spoke, and brush wires; LRPC strands comprising compacted, indented, un-bonded polymer coated, bonded polymer LRPC strands; and wire drawing and related machines. In addition, the company offers pre-tensioning, and post-tensioning solutions; pre-stressing solutions; anchorage accessories and equipment, hydraulic jacks, powerpacks, and grout pumps and agitators; and pre-stressing machines and accessories, as well as installation services. Further, it provides optical fiber, aerial cables, micro ducts, hybrid category, FTTH/drop, aerial copper, duct …
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Usha Martin Limited reported revenue of ₹36.9B in FY2026 versus ₹26.9B in FY2022, a compound +8.2%/yr. Reported net income was ₹4.7B in FY2026, compounding +12.5%/yr from FY2022.
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Similar stocks
6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2140 | $0.2500 | +17% |
| Nucor Corporation NUE | $239.63 | $116.05 | -52% |
| ArcelorMittal S.A ARMT34 | R$163.20 | R$15.38 | -91% |
| JSW Steel Limited JSWSTEEL | ₹1,284 | ₹901.55 | -30% |
| Baoshan Iron & Steel Co 600019 | ¥5.74 | ¥7.78 | +36% |
| China Steel Corporation 2002A | 38.25 TWD | 9.37 TWD | -76% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.