Usha Martin Limited - manufacturing in Kolkata, West Bengal, India. FY 2026 financials and compliance.
CIN L31400WB1986PLC091621 Incorporated 22 May 1986 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed - NSE: USHAMART · BSE: 517146 Public Limited Company manufacturing
Data last updated
Revenue · FY 2026
₹3,691.06 Cr
▲ 6.24% YoY
EBITDA · FY 2026
₹773.96 Cr
▲ 21.61% YoY
Net profit · FY 2026
₹466.31 Cr
▲ 14.76% YoY
Authorised capital
₹100 Cr
Registered with MCA
Paid-up capital
₹30.47 Cr
Issued & subscribed
Open charges
₹760 Cr
Satisfied ₹15,034 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
2,356
Latest available

About Usha Martin Limited

Data last updated: 23 December 2025

Usha Martin Limited is a public limited company based in Kolkata, West Bengal, India. It specialises in cable and wire, a part of the broader manufacturing sector. Incorporated on 22 May 1986, the company has been in operation for over 40 years.

Registered with ROC Kolkata under CIN L31400WB1986PLC091621. Listed on BSE: 517146 and NSE: USHAMART.

Capital: an authorised share capital of ₹100 Cr and a paid-up capital of ₹30.47 Cr. Formerly known as Usha Beltron Limited. It is led by directors including Sharngbhritprasanna Bhanu Pratapnarayan Sharma and Venkatachalam Ramakrishnaiyer.

Last AGM: 07 August 2025. Financial statements filed for year ended 31 March 2025. Office: 2A Shakespear Sarani P S Shakespear Sarani, Kolkata, West Bengal, India – 700071.

As per the financials filed for FY 2025, the company reported a revenue of ₹3,513.55 Cr, a growth of 8% compared to the previous year.

The company has a workforce of approximately 2,356 employees as per the latest available data. Its group structure includes 4 subsidiaries.

The company is associated with 1 brand - Usha Martin. As per MCA filings, the company has open charges of ₹760 Cr and satisfied charges of ₹15,034 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ushamartin.com.

Company Details of Usha Martin Limited
CIN L31400WB1986PLC091621
Registration Number 091621
Incorporation Date 22 May 1986
ROC Kolkata
Listing Status Listed (BSE: 517146, NSE: USHAMART)
Company Status Active
Date of Last AGM 07 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
  • Social Media
  • Registered Address
    2A Shakespear Sarani P S Shakespear Sarani, Kolkata, West Bengal, India – 700071
  • Industry
    Manufacturing, Cable & Wire
Company report
Usha Martin Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Usha Martin Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Usha Martin Limited

Usha Martin Limited has one previous CIN (Corporate Identification Number): L99999WB1986PLC091621. The current CIN is L31400WB1986PLC091621, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L31400WB1986PLC091621 Current
L99999WB1986PLC091621 Previous

Associated Brands with Usha Martin Limited

Usha Martin Limited operates one associated brand: Usha Martin. These brands represent Usha Martin Limited's diversified market presence and brand portfolio.

Brand Description Website
Industrial wire ropes are manufactured by Usha Martin in India. ushamartin.com

Business Activity of Usha Martin Limited

Usha Martin Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products *********

Auditor Details of Usha Martin Limited

Usha Martin Limited is audited by S. R. BATLIBOI & CO. LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
S. R. BATLIBOI & CO. LLP (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Usha Martin Limited

Usha Martin Limited is currently managed by 9 directors, with 35 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Sharngbhritprasanna Bhanu Pratapnarayan Sharma Whole-Time Director 01 Apr 2024 2 Years 3 Months Current
Venkatachalam Ramakrishnaiyer Director 12 Nov 2021 4 Years 7 Months Current
Sethurathnam Ravi Director 12 Nov 2021 4 Years 7 Months Current
Chirantan Chatterjee Additional Director 12 May 2025 1 Years 1 Months Current
Vijay Singh Bapna Director 27 May 2019 7 Years 1 Months Current
Ramni Nirula Director 26 Jul 2019 6 Years 11 Months Current
Showing 6 of 9 current directors. View all directors

Financials of Usha Martin Limited FY 2026 filings available

Usha Martin Limited reported revenue of ₹3,691.06 Cr (up 6.24% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹3,691.06 Cr ▲ 6.24%
Profit · FY 2026
₹466.31 Cr ▲ 14.76%
EBITDA · FY 2026
₹773.96 Cr ▲ 21.61%
Revenue₹ Cr · Consolidated02,0004,000FY 2020: ₹2,154 Cr2,154FY 2020FY 2021: ₹2,097 Cr · -2.6% YoY2,097-2.6%FY 2021FY 2022: ₹2,688 Cr · +28.2% YoY2,688+28.2%FY 2022FY 2023: ₹3,268 Cr · +21.6% YoY3,268+21.6%FY 2023FY 2024: ₹3,225 Cr · -1.3% YoY3,225-1.3%FY 2024FY 2025: ₹3,474 Cr · +7.7% YoY3,474+7.7%FY 2025FY 2026: ₹3,691 Cr · +6.2% YoY3,691+6.2%FY 2026
Net Profit₹ Cr · Consolidated0200400600FY 2020: ₹421 Cr421FY 2020FY 2021: ₹152 Cr · -64% YoY152-64%FY 2021FY 2022: ₹291 Cr · +92.4% YoY291+92.4%FY 2022FY 2023: ₹351 Cr · +20.3% YoY351+20.3%FY 2023FY 2024: ₹424 Cr · +21% YoY424+21%FY 2024FY 2025: ₹406 Cr · -4.2% YoY406-4.2%FY 2025FY 2026: ₹466 Cr · +14.8% YoY466+14.8%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,000Q1'25: ₹826 Cr · +1.5% YoY826+1.5%Q1'25Q2'25: ₹891 Cr · +13.6% YoY891+13.6%Q2'25Q3'25: ₹861 Cr · +8% YoY861+8%Q3'25Q4'25: ₹896 Cr · +8.1% YoY896+8.1%Q4'25Q1'26: ₹887 Cr · +7.4% YoY887+7.4%Q1'26Q2'26: ₹908 Cr · +1.8% YoY908+1.8%Q2'26Q3'26: ₹917 Cr · +6.6% YoY917+6.6%Q3'26Q4'26: ₹979 Cr · +9.3% YoY979+9.3%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹3,691.06 Cr ₹3,474.16 Cr ₹3,225.2 Cr ₹3,267.76 Cr ₹2,688.07 Cr ₹2,097.28 Cr ₹2,153.82 Cr
Other Income ₹68.88 Cr ₹39.39 Cr ₹40.28 Cr ₹28.06 Cr ₹35.24 Cr ₹33.31 Cr ₹53.35 Cr
Total Income ₹3,759.94 Cr ₹3,513.55 Cr ₹3,265.48 Cr ₹3,295.82 Cr ₹2,723.31 Cr ₹2,130.59 Cr ₹2,207.17 Cr
Cost of Materials Consumed ₹1,749.28 Cr ₹1,791.5 Cr ₹1,624.26 Cr ₹1,799.39 Cr ₹1,528.45 Cr ₹1,152.94 Cr ₹1,149.56 Cr
Purchases of Stock-in-Trade ₹8.19 Cr ₹31.3 Cr ₹27.34 Cr ₹19.92 Cr ₹16.28 Cr ₹8.19 Cr ₹8.01 Cr
Changes in Inventories ₹110.03 Cr -₹72.75 Cr -₹18.27 Cr -₹12.98 Cr -₹57.55 Cr ₹9.63 Cr ₹67.34 Cr
Employee Benefit Expense ₹460.49 Cr ₹474.33 Cr ₹427.63 Cr ₹372.83 Cr ₹330.23 Cr ₹298.01 Cr ₹306.06 Cr
Finance Costs ₹19.63 Cr ₹29.55 Cr ₹24.78 Cr ₹30.27 Cr ₹42.46 Cr ₹56.9 Cr ₹74.18 Cr
Depreciation & Amortisation ₹116.4 Cr ₹97.86 Cr ₹77 Cr ₹67.48 Cr ₹69.75 Cr ₹67.87 Cr ₹63.62 Cr
Other Expenses ₹657.99 Cr ₹652.72 Cr ₹565.68 Cr ₹575.27 Cr ₹486.99 Cr ₹349.26 Cr ₹391.24 Cr
Total Expenses ₹3,122.01 Cr ₹3,004.51 Cr ₹2,728.42 Cr ₹2,852.18 Cr ₹2,416.61 Cr ₹1,942.8 Cr ₹2,060.01 Cr
Profit Before Exceptional Items & Tax ₹637.93 Cr ₹509.04 Cr ₹537.06 Cr ₹443.64 Cr ₹306.7 Cr ₹187.79 Cr ₹147.16 Cr
Exceptional Items -₹16.87 Cr ₹0 ₹0 ₹0 ₹31.18 Cr ₹0 ₹0
Profit Before Tax ₹621.06 Cr ₹509.04 Cr ₹537.06 Cr ₹443.64 Cr ₹337.88 Cr ₹187.79 Cr ₹147.16 Cr
Total Tax Expense ₹148.37 Cr ₹120.53 Cr ₹125.39 Cr ₹104.78 Cr ₹54.85 Cr ₹36.44 Cr ₹209.73 Cr
Net Profit ₹466.31 Cr ₹406.32 Cr ₹424.12 Cr ₹350.6 Cr ₹291.43 Cr ₹151.5 Cr ₹421.08 Cr
  attributable to Owners ₹465.99 Cr ₹407.39 Cr ₹423.96 Cr ₹350.14 Cr ₹291.27 Cr ₹149.59 Cr ₹418.84 Cr
  attributable to NCI ₹32 Lakh -₹1.07 Cr ₹16 Lakh ₹46 Lakh ₹16 Lakh ₹1.91 Cr ₹2.24 Cr
Other Comprehensive Income ₹180.15 Cr ₹53.71 Cr ₹1.14 Cr ₹47.9 Cr -₹1.1 Cr ₹18.9 Cr ₹24.54 Cr
Total Comprehensive Income ₹646.46 Cr ₹460.03 Cr ₹425.26 Cr ₹398.5 Cr ₹290.33 Cr ₹170.4 Cr ₹445.62 Cr
EBITDA (computed) ₹773.96 Cr ₹636.45 Cr ₹638.84 Cr ₹541.39 Cr ₹418.91 Cr ₹312.56 Cr ₹284.96 Cr
Basic EPS ₹16.12 ₹13.37 ₹13.92 ₹11.51 ₹9.56 ₹5.06 ₹-2.11
Diluted EPS ₹16.11 ₹13.37 ₹13.92 ₹11.51 ₹9.56 ₹5.06 ₹-2.11
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹4,211.82 Cr ₹3,747.94 Cr ₹3,330.13 Cr ₹3,086.83 Cr
Non-current Assets ₹1,931.79 Cr ₹1,763.82 Cr ₹1,541.07 Cr ₹1,337.47 Cr
Current Assets ₹2,280.03 Cr ₹1,976.2 Cr ₹1,781.14 Cr ₹1,749.36 Cr
Property, Plant & Equipment ₹1,479.58 Cr ₹1,264.56 Cr ₹1,024.04 Cr ₹891.2 Cr
Inventories ₹957.82 Cr ₹984.91 Cr ₹889.62 Cr ₹889.93 Cr
Trade Receivables ₹643.42 Cr ₹527.63 Cr ₹539.31 Cr ₹499.89 Cr
Cash & Equivalents ₹241.84 Cr ₹260.72 Cr ₹149.78 Cr ₹150.16 Cr
Equity (Net Worth) ₹3,302.08 Cr ₹2,751.71 Cr ₹2,383.91 Cr ₹2,035.07 Cr
Equity Share Capital ₹30.51 Cr ₹30.52 Cr ₹30.54 Cr ₹30.54 Cr
Borrowings (Non-current) ₹24.13 Cr ₹145.4 Cr ₹200.18 Cr ₹197.29 Cr
Borrowings (Current) ₹121.41 Cr ₹192.16 Cr ₹97.58 Cr ₹157.26 Cr
Total Debt (computed) ₹145.54 Cr ₹337.56 Cr ₹297.76 Cr ₹354.55 Cr
Current Liabilities ₹695.61 Cr ₹694.98 Cr ₹615.88 Cr ₹709.17 Cr
Total Liabilities ₹909.74 Cr ₹996.23 Cr ₹946.22 Cr ₹1,051.76 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹655.34 Cr ₹421.76 Cr ₹443.84 Cr ₹251.59 Cr ₹158.57 Cr
Investing Cash Flow -₹366.67 Cr -₹223.24 Cr -₹287.14 Cr -₹157.69 Cr ₹55.74 Cr
Financing Cash Flow -₹321.49 Cr -₹91.49 Cr -₹159.33 Cr -₹101.09 Cr -₹160.59 Cr
Capital Expenditure ₹198.06 Cr ₹244.65 Cr ₹277.62 Cr ₹182.33 Cr ₹50.97 Cr
Free Cash Flow (computed) ₹457.28 Cr ₹177.11 Cr ₹166.22 Cr ₹69.26 Cr ₹107.6 Cr
Dividends Paid ₹91.37 Cr ₹83.8 Cr ₹76.19 Cr ₹60.95 Cr ₹0
Net Change in Cash -₹18.88 Cr ₹110.94 Cr -₹38 Lakh -₹4.22 Cr ₹54.92 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹979.26 Cr ₹917.05 Cr ₹907.56 Cr ₹887.19 Cr ₹896.08 Cr ₹860.54 Cr ₹891.17 Cr ₹826.37 Cr ₹829.03 Cr ₹797.09 Cr ₹784.7 Cr ₹814.38 Cr
Other Income ₹26.66 Cr ₹4.1 Cr ₹22.66 Cr ₹15.46 Cr ₹23.65 Cr ₹3.91 Cr ₹6.85 Cr ₹4.98 Cr ₹9.49 Cr ₹5.89 Cr ₹21.3 Cr ₹3.6 Cr
Total Income ₹1,005.92 Cr ₹921.15 Cr ₹930.22 Cr ₹902.65 Cr ₹919.73 Cr ₹864.45 Cr ₹898.02 Cr ₹831.35 Cr ₹838.52 Cr ₹802.98 Cr ₹806 Cr ₹817.98 Cr
Cost of Materials Consumed ₹442.66 Cr ₹439.2 Cr ₹420.51 Cr ₹446.91 Cr ₹472.57 Cr ₹453.3 Cr ₹438.42 Cr ₹427.21 Cr ₹411.47 Cr ₹407.3 Cr ₹379.1 Cr ₹426.39 Cr
Purchases of Stock-in-Trade ₹1.62 Cr ₹1.39 Cr ₹3.27 Cr ₹1.91 Cr ₹7.75 Cr ₹7.78 Cr ₹9.5 Cr ₹6.27 Cr ₹7.35 Cr ₹6.52 Cr ₹6.68 Cr ₹6.79 Cr
Changes in Inventories ₹31.13 Cr ₹24.3 Cr ₹40.3 Cr ₹14.3 Cr ₹2.68 Cr -₹28.21 Cr -₹5.41 Cr -₹41.81 Cr -₹1.63 Cr -₹22.14 Cr ₹10.34 Cr -₹4.84 Cr
Employee Benefit Expense ₹121.94 Cr ₹114.25 Cr ₹111.1 Cr ₹113.2 Cr ₹116.34 Cr ₹110.93 Cr ₹121.21 Cr ₹125.85 Cr ₹109.42 Cr ₹106.3 Cr ₹104.51 Cr ₹107.4 Cr
Finance Costs ₹3.52 Cr ₹4.77 Cr ₹5.09 Cr ₹6.25 Cr ₹6.54 Cr ₹8.67 Cr ₹7.67 Cr ₹6.67 Cr ₹6.66 Cr ₹6.2 Cr ₹6.4 Cr ₹5.52 Cr
Depreciation & Amortisation ₹31.24 Cr ₹28.81 Cr ₹27.66 Cr ₹28.69 Cr ₹27.76 Cr ₹25.57 Cr ₹22.79 Cr ₹21.74 Cr ₹22.53 Cr ₹18.85 Cr ₹17.99 Cr ₹17.63 Cr
Other Expenses ₹170.38 Cr ₹161.97 Cr ₹159.38 Cr ₹166.26 Cr ₹157.17 Cr ₹174.06 Cr ₹166.68 Cr ₹154.81 Cr ₹150.91 Cr ₹142.06 Cr ₹139.75 Cr ₹132.96 Cr
Total Expenses ₹802.49 Cr ₹774.69 Cr ₹767.31 Cr ₹777.52 Cr ₹790.81 Cr ₹752.1 Cr ₹760.86 Cr ₹700.74 Cr ₹706.71 Cr ₹665.09 Cr ₹664.77 Cr ₹691.85 Cr
Profit Before Exceptional Items & Tax ₹203.43 Cr ₹146.46 Cr ₹162.91 Cr ₹125.13 Cr ₹128.92 Cr ₹112.35 Cr ₹137.16 Cr ₹130.61 Cr ₹131.81 Cr ₹137.89 Cr ₹141.23 Cr ₹126.13 Cr
Exceptional Items -₹3.52 Cr -₹13.35 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹199.91 Cr ₹133.11 Cr ₹162.91 Cr ₹125.13 Cr ₹128.92 Cr ₹112.35 Cr ₹137.16 Cr ₹130.61 Cr ₹131.81 Cr ₹137.89 Cr ₹141.23 Cr ₹126.13 Cr
Total Tax Expense ₹49.25 Cr ₹30.09 Cr ₹40.21 Cr ₹28.82 Cr ₹32.21 Cr ₹25.36 Cr ₹32.1 Cr ₹30.86 Cr ₹30.02 Cr ₹32.08 Cr ₹34.95 Cr ₹28.34 Cr
Net Profit ₹148.03 Cr ₹107.67 Cr ₹109.8 Cr ₹100.81 Cr ₹100.91 Cr ₹92.26 Cr ₹109.31 Cr ₹103.84 Cr ₹106.33 Cr ₹107.51 Cr ₹109.52 Cr ₹100.76 Cr
  attributable to Owners ₹147.8 Cr ₹107.55 Cr ₹109.71 Cr ₹100.93 Cr ₹100.99 Cr ₹92.57 Cr ₹109.72 Cr ₹104.11 Cr ₹106.26 Cr ₹107.5 Cr ₹109.47 Cr ₹100.73 Cr
  attributable to NCI ₹23 Lakh ₹12 Lakh ₹9 Lakh -₹12 Lakh -₹8 Lakh -₹31 Lakh -₹41 Lakh -₹27 Lakh ₹7 Lakh ₹1 Lakh ₹5 Lakh ₹3 Lakh
Other Comprehensive Income ₹62.57 Cr ₹24.28 Cr ₹41.24 Cr ₹52.06 Cr ₹15.58 Cr -₹27.24 Cr ₹66.02 Cr -₹65 Lakh -₹22.09 Cr ₹35 Cr -₹8.62 Cr -₹3.15 Cr
Total Comprehensive Income ₹210.6 Cr ₹131.95 Cr ₹151.04 Cr ₹152.87 Cr ₹116.49 Cr ₹65.02 Cr ₹175.33 Cr ₹103.19 Cr ₹84.24 Cr ₹142.51 Cr ₹100.9 Cr ₹97.61 Cr
EBITDA (computed) ₹238.19 Cr ₹180.04 Cr ₹195.66 Cr ₹160.07 Cr ₹163.22 Cr ₹146.59 Cr ₹167.62 Cr ₹159.02 Cr ₹161 Cr ₹162.94 Cr ₹165.62 Cr ₹149.28 Cr
Basic EPS ₹5.09 ₹3.53 ₹4.19 ₹3.31 ₹3.32 ₹3.04 ₹3.59 ₹3.42 ₹3.49 ₹3.53 ₹3.59 ₹3.31
Diluted EPS ₹5.08 ₹3.53 ₹4.19 ₹3.31 ₹3.32 ₹3.04 ₹3.59 ₹3.42 ₹3.49 ₹3.53 ₹3.59 ₹3.31
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Wire & Wire Ropes ₹958.9 Cr ₹197.73 Cr ₹3,664.49 Cr ₹532.46 Cr
Others ₹20.36 Cr ₹61 Lakh ₹64.53 Cr ₹22.13 Cr
Exceptional items ₹0 -₹3.52 Cr ₹0 ₹0
Share of profit of joint ventures ₹0 ₹4.46 Cr ₹0 ₹0
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Wire & Wire Ropes ₹3,613.07 Cr ₹650.43 Cr - -
Others ₹77.99 Cr -₹1.6 Cr - -
Exceptional items ₹0 -₹16.87 Cr - -
Share of profit of joint ventures ₹0 ₹18.51 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹2,312.03 Cr ₹2,171.06 Cr ₹2,046.09 Cr ₹2,041.71 Cr ₹1,810.05 Cr ₹1,345.6 Cr ₹1,392.62 Cr
Other Income ₹73.57 Cr ₹41.38 Cr ₹60.14 Cr ₹30.67 Cr ₹33.51 Cr ₹18.76 Cr ₹29.89 Cr
Total Income ₹2,385.6 Cr ₹2,212.44 Cr ₹2,106.23 Cr ₹2,072.38 Cr ₹1,843.56 Cr ₹1,364.36 Cr ₹1,422.51 Cr
Cost of Materials Consumed ₹1,160.67 Cr ₹1,189.79 Cr ₹1,097.83 Cr ₹1,222.12 Cr ₹1,070.15 Cr ₹766.1 Cr ₹740.9 Cr
Purchases of Stock-in-Trade ₹14.84 Cr ₹9.15 Cr ₹12.14 Cr ₹12.32 Cr ₹58.31 Cr ₹26.31 Cr ₹23.13 Cr
Changes in Inventories ₹22.25 Cr -₹13.35 Cr ₹13.77 Cr -₹4.58 Cr -₹12.02 Cr ₹23.81 Cr ₹76.12 Cr
Employee Benefit Expense ₹184.32 Cr ₹165.35 Cr ₹163.05 Cr ₹138.88 Cr ₹126.63 Cr ₹117.42 Cr ₹127.51 Cr
Finance Costs ₹4.86 Cr ₹11.37 Cr ₹6.78 Cr ₹14.98 Cr ₹31.16 Cr ₹44.52 Cr ₹58.07 Cr
Depreciation & Amortisation ₹57.16 Cr ₹47.19 Cr ₹32.74 Cr ₹26.51 Cr ₹31.4 Cr ₹30.64 Cr ₹27.77 Cr
Other Expenses ₹428.56 Cr ₹398.21 Cr ₹359.06 Cr ₹374.94 Cr ₹315.67 Cr ₹225.2 Cr ₹254.3 Cr
Total Expenses ₹1,872.66 Cr ₹1,807.71 Cr ₹1,685.37 Cr ₹1,785.17 Cr ₹1,621.3 Cr ₹1,234 Cr ₹1,307.8 Cr
Profit Before Exceptional Items & Tax ₹512.94 Cr ₹404.73 Cr ₹420.86 Cr ₹287.21 Cr ₹222.26 Cr ₹130.36 Cr ₹114.71 Cr
Exceptional Items -₹16.58 Cr ₹0 ₹0 ₹0 ₹31.18 Cr ₹0 ₹0
Profit Before Tax ₹496.36 Cr ₹404.73 Cr ₹420.86 Cr ₹287.21 Cr ₹253.44 Cr ₹130.36 Cr ₹114.71 Cr
Total Tax Expense ₹118.34 Cr ₹102.52 Cr ₹98.75 Cr ₹73.51 Cr ₹42.13 Cr ₹25.4 Cr ₹200.75 Cr
Net Profit ₹353.13 Cr ₹302.21 Cr ₹322.11 Cr ₹213.7 Cr ₹211.31 Cr ₹100.52 Cr ₹395.4 Cr
Other Comprehensive Income ₹1.14 Cr -₹1.51 Cr -₹5.84 Cr -₹56 Lakh ₹1.85 Cr -₹1.57 Cr -₹10.95 Cr
Total Comprehensive Income ₹354.27 Cr ₹300.7 Cr ₹316.27 Cr ₹213.14 Cr ₹213.16 Cr ₹98.95 Cr ₹384.45 Cr
EBITDA (computed) ₹574.96 Cr ₹463.29 Cr ₹460.38 Cr ₹328.7 Cr ₹284.82 Cr ₹205.52 Cr ₹200.55 Cr
Basic EPS ₹12.42 ₹9.92 ₹10.57 ₹7.01 ₹6.94 ₹3.45 ₹-2.82
Diluted EPS ₹12.41 ₹9.92 ₹10.57 ₹7.01 ₹6.94 ₹3.45 ₹-2.82
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹2,179.14 Cr ₹1,979.77 Cr ₹1,786.56 Cr ₹1,608.64 Cr
Non-current Assets ₹1,130.48 Cr ₹1,049.7 Cr ₹974.46 Cr ₹818.17 Cr
Current Assets ₹1,048.66 Cr ₹922.15 Cr ₹804.18 Cr ₹790.47 Cr
Property, Plant & Equipment ₹789.55 Cr ₹701.77 Cr ₹561.59 Cr ₹391.7 Cr
Inventories ₹326.13 Cr ₹343.99 Cr ₹310.74 Cr ₹367.46 Cr
Trade Receivables ₹272.15 Cr ₹266.04 Cr ₹285.52 Cr ₹205.43 Cr
Cash & Equivalents ₹47.18 Cr ₹146.33 Cr ₹54.59 Cr ₹50.35 Cr
Equity (Net Worth) ₹1,788.9 Cr ₹1,530.72 Cr ₹1,319.79 Cr ₹1,079.71 Cr
Equity Share Capital ₹30.51 Cr ₹30.52 Cr ₹30.54 Cr ₹30.54 Cr
Borrowings (Non-current) ₹0 ₹71.19 Cr ₹125.94 Cr ₹130.54 Cr
Borrowings (Current) ₹0 ₹51.75 Cr ₹6.08 Cr ₹42.74 Cr
Total Debt (computed) ₹0 ₹122.94 Cr ₹132.02 Cr ₹173.28 Cr
Current Liabilities ₹318.78 Cr ₹327.33 Cr ₹301.75 Cr ₹350.46 Cr
Total Liabilities ₹390.24 Cr ₹449.05 Cr ₹466.77 Cr ₹528.93 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹444.86 Cr ₹313.24 Cr ₹301.11 Cr ₹141.66 Cr ₹184.89 Cr
Investing Cash Flow -₹315.92 Cr -₹106.16 Cr -₹172.68 Cr -₹122.34 Cr ₹68.79 Cr
Financing Cash Flow -₹228.09 Cr -₹115.34 Cr -₹124.19 Cr -₹65.73 Cr -₹160.77 Cr
Capital Expenditure ₹149.42 Cr ₹134.26 Cr ₹211.02 Cr ₹148.97 Cr ₹24.45 Cr
Free Cash Flow (computed) ₹295.44 Cr ₹178.98 Cr ₹90.09 Cr -₹7.31 Cr ₹160.44 Cr
Dividends Paid ₹91.37 Cr ₹83.8 Cr ₹76.19 Cr ₹60.95 Cr ₹0
Net Change in Cash -₹99.15 Cr ₹91.74 Cr ₹4.24 Cr -₹46.41 Cr ₹92.91 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹639.59 Cr ₹581.54 Cr ₹550.79 Cr ₹540.11 Cr ₹544.16 Cr ₹565.32 Cr ₹547.47 Cr ₹514.11 Cr ₹515.1 Cr ₹531.96 Cr ₹498.39 Cr ₹500.64 Cr
Other Income ₹25.12 Cr ₹3.37 Cr ₹30.14 Cr ₹14.94 Cr ₹23 Cr ₹3.08 Cr ₹12.28 Cr ₹3.02 Cr ₹8.44 Cr ₹4.92 Cr ₹29.52 Cr ₹17.26 Cr
Total Income ₹664.71 Cr ₹584.91 Cr ₹580.93 Cr ₹555.05 Cr ₹567.16 Cr ₹568.4 Cr ₹559.75 Cr ₹517.13 Cr ₹523.54 Cr ₹536.88 Cr ₹527.91 Cr ₹517.9 Cr
Cost of Materials Consumed ₹303.14 Cr ₹288.82 Cr ₹272.38 Cr ₹296.33 Cr ₹303.71 Cr ₹307.01 Cr ₹307.76 Cr ₹271.31 Cr ₹263.07 Cr ₹282.53 Cr ₹257.68 Cr ₹294.55 Cr
Purchases of Stock-in-Trade ₹4.61 Cr ₹4.62 Cr ₹3.06 Cr ₹2.55 Cr ₹2.77 Cr ₹2.1 Cr ₹2.23 Cr ₹2.05 Cr ₹5.79 Cr ₹2.76 Cr ₹2.16 Cr ₹1.43 Cr
Changes in Inventories ₹5.09 Cr ₹10.13 Cr ₹10.65 Cr -₹3.62 Cr -₹18 Lakh -₹5.66 Cr -₹7.13 Cr -₹38 Lakh ₹7.53 Cr ₹6.01 Cr ₹9.47 Cr -₹9.24 Cr
Employee Benefit Expense ₹47.05 Cr ₹47.11 Cr ₹45.33 Cr ₹44.83 Cr ₹41.21 Cr ₹38.19 Cr ₹43.16 Cr ₹42.79 Cr ₹41.52 Cr ₹41.31 Cr ₹40.05 Cr ₹40.17 Cr
Finance Costs ₹40 Lakh ₹1.18 Cr ₹1.27 Cr ₹2.01 Cr ₹3.41 Cr ₹3.1 Cr ₹2.75 Cr ₹2.11 Cr ₹2.2 Cr ₹1.53 Cr ₹1.82 Cr ₹1.23 Cr
Depreciation & Amortisation ₹15.32 Cr ₹14.43 Cr ₹13.84 Cr ₹13.57 Cr ₹12.96 Cr ₹12.5 Cr ₹11.33 Cr ₹10.4 Cr ₹10.76 Cr ₹7.88 Cr ₹7.15 Cr ₹6.95 Cr
Other Expenses ₹113.87 Cr ₹105.72 Cr ₹104.78 Cr ₹104.19 Cr ₹96.74 Cr ₹108.77 Cr ₹95.76 Cr ₹96.94 Cr ₹100.24 Cr ₹87.09 Cr ₹89.14 Cr ₹82.59 Cr
Total Expenses ₹489.48 Cr ₹472.01 Cr ₹451.31 Cr ₹459.86 Cr ₹460.62 Cr ₹466.01 Cr ₹455.86 Cr ₹425.22 Cr ₹431.11 Cr ₹429.11 Cr ₹407.47 Cr ₹417.68 Cr
Profit Before Exceptional Items & Tax ₹175.23 Cr ₹112.9 Cr ₹129.62 Cr ₹95.19 Cr ₹106.54 Cr ₹102.39 Cr ₹103.89 Cr ₹91.91 Cr ₹92.43 Cr ₹107.77 Cr ₹120.44 Cr ₹100.22 Cr
Exceptional Items -₹3.52 Cr -₹13.06 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹171.71 Cr ₹99.84 Cr ₹129.62 Cr ₹95.19 Cr ₹106.54 Cr ₹102.39 Cr ₹103.89 Cr ₹91.91 Cr ₹92.43 Cr ₹107.77 Cr ₹120.44 Cr ₹100.22 Cr
Total Tax Expense ₹36.14 Cr ₹25.56 Cr ₹32.32 Cr ₹24.32 Cr ₹28.3 Cr ₹25.32 Cr ₹25.85 Cr ₹23.05 Cr ₹21.29 Cr ₹26.39 Cr ₹29.26 Cr ₹21.81 Cr
Net Profit ₹128.48 Cr ₹74.28 Cr ₹79.5 Cr ₹70.87 Cr ₹78.24 Cr ₹77.07 Cr ₹78.04 Cr ₹68.86 Cr ₹71.14 Cr ₹81.38 Cr ₹91.18 Cr ₹78.41 Cr
Other Comprehensive Income ₹1.26 Cr ₹52 Lakh ₹95 Lakh -₹1.59 Cr -₹1.55 Cr ₹1.2 Cr ₹4 Lakh -₹1.2 Cr -₹1.96 Cr -₹35 Lakh -₹1.72 Cr -₹1.81 Cr
Total Comprehensive Income ₹129.74 Cr ₹74.8 Cr ₹80.45 Cr ₹69.28 Cr ₹76.69 Cr ₹78.27 Cr ₹78.08 Cr ₹67.66 Cr ₹69.18 Cr ₹81.03 Cr ₹89.46 Cr ₹76.6 Cr
EBITDA (computed) ₹190.95 Cr ₹128.51 Cr ₹144.73 Cr ₹110.77 Cr ₹122.91 Cr ₹117.99 Cr ₹117.97 Cr ₹104.42 Cr ₹105.39 Cr ₹117.18 Cr ₹129.41 Cr ₹108.4 Cr
Basic EPS ₹4.46 ₹2.44 ₹3.19 ₹2.33 ₹2.57 ₹2.53 ₹2.56 ₹2.26 ₹2.33 ₹2.67 ₹3.00 ₹2.57
Diluted EPS ₹4.45 ₹2.44 ₹3.19 ₹2.33 ₹2.57 ₹2.53 ₹2.56 ₹2.26 ₹2.33 ₹2.67 ₹3.00 ₹2.57
Latest 12 quarters shown of 25 on record.
Segment · FY 2021 (annual) Revenue Result (PBIT) Assets Liabilities
Discontinued operations ₹0 -₹4.44 Cr - -
Others ₹2.33 Cr -₹7.51 Cr - -
Wire and Wire Ropes ₹1,343.27 Cr ₹212.1 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Usha Martin Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Usha Martin Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 40.52%, foreign institutional investors hold 14.76%, domestic institutional investors hold 14.81%, retail and other public shareholders hold 29.80% of Usha Martin Limited. The company had 101,177 shareholders on record.

Promoters: 40.52%DII (Domestic Institutional): 14.81%FII (Foreign Institutional): 14.76%Retail & Others: 29.80%
Mar 2026
QUARTER
40.52% Promoters
14.81% DII (Domestic Institutional)
14.76% FII (Foreign Institutional)
29.80% Retail & Others
Promoter holding - history
Now 40.52% · Mar 2026High 53.52% · Jun 2020Low 40.52% · Dec 2025
39%43%47%51%55%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 47.68%Mar 2016: 51.94%Jun 2016: 51.94%Sep 2016: 51.94%Dec 2016: 51.94%Mar 2017: 51.28%Jun 2017: 50.85%Sep 2017: 50.66%Dec 2017: 50.66%Mar 2018: 50.66%Jun 2018: 50.66%Sep 2018: 50.66%Dec 2018: 50.66%Mar 2019: 50.66%Jun 2019: 49.91%Sep 2019: 50.21%Dec 2019: 50.21%Mar 2020: 52.46%Jun 2020: 53.52%Sep 2020: 52.83%Dec 2020: 51.80%Mar 2021: 50.87%Jun 2021: 50.50%Sep 2021: 50.13%Dec 2021: 49.79%Mar 2022: 49.26%Jun 2022: 49.04%Sep 2022: 48.70%Dec 2022: 48.30%Mar 2023: 48.26%Jun 2023: 47.88%Sep 2023: 47.51%Dec 2023: 47.41%Mar 2024: 46.05%Jun 2024: 45.11%Sep 2024: 43.54%Dec 2024: 43.48%Mar 2025: 43.89%Jun 2025: 42.45%Sep 2025: 41.76%Dec 2025: 40.52%Mar 2026: 40.52%53.52%40.52%40.52%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters40.52%40.52%41.76%42.45%43.89%43.48%
Public59.37%59.37%58.18%57.49%56.04%56.52%
Employee Trusts0.11%0.11%0.06%0.06%0.06%0.00%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters40.52%43.89%46.05%48.26%49.26%50.87%52.46%50.66%50.66%51.28%51.94%
Public59.37%56.04%53.95%51.74%50.74%49.13%47.54%49.34%49.34%48.72%48.06%
Employee Trusts0.11%0.06%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Promoter change (YoY, %pts)-3.37-2.16-2.21-1.00-1.61-1.59+1.80+0.00-0.62-0.66-

Board & Governance of Usha Martin Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Usha Martin Limited has 7 directors - 4 independent and 3 executive. The board is chaired by Vijay Singh Bapna.

DirectorPositionOn board sinceListed boards
Rajeev Jhawar Executive Director · MD 1998-05-19 1
Venkatachalam Ramakrishna Iyer Non-Executive - Independent Director 2021-11-12 1
Vijay Singh Bapna Non-Executive - Independent Director · Chairperson 2019-05-27 3
Sethurathnam Ravi Non-Executive - Independent Director 2021-11-12 6
Ramni Nirula Non-Executive - Independent Director 2019-07-26 3
Sharng Bhrit Prasanna Bhanu Pratap Narayan Sharma Executive Director 2024-04-01 1
Chirantan Chatterjee Executive Director 2025-05-12 1
Board Committees
CommitteeMembers
Audit Committee Vijay Singh Bapna (Chairperson), Rajeev Jhawar, Sethurathnam Ravi, Venkatachalam Ramakrishna Iyer
Nomination and remuneration committee Ramni Nirula (Chairperson), Vijay Singh Bapna, Venkatachalam Ramakrishna Iyer, Sethurathnam Ravi
Stakeholders Relationship Committee Venkatachalam Ramakrishna Iyer (Chairperson), Sharng Bhrit Prasanna Bhanu Pratap Narayan Sharma, Chirantan Chatterjee
Risk Management Committee Vijay Singh Bapna (Chairperson), Ramni Nirula, Venkatachalam Ramakrishna Iyer, Sethurathnam Ravi, Sharng Bhrit Prasanna Bhanu Pratap Narayan Sharma, Chirantan Chatterjee
Corporate Social Responsibility Committee Vijay Singh Bapna (Chairperson), Ramni Nirula, Sethurathnam Ravi, Sharng Bhrit Prasanna Bhanu Pratap Narayan Sharma, Chirantan Chatterjee

Group Structure of Usha Martin Limited

Usha Martin Limited has 4 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Usha Martin Limited's business expansion strategy and organizational complexity.

4
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Bharat Minex Private Limited U13203WB2007PTC168604 -
U M Cables Limited U26932WB1987PLC091221 -
Gustav Wolf Speciality Cords Limited U28999WB2003PLC095883 -
Usha Martin Power & Resources Limited U74999WB2008PLC126847 -

Showing major subsidiaries. Total: 4.

Charges & Borrowings of Usha Martin Limited

Open charges
₹760 Cr
Satisfied charges
₹15,034 Cr
Breakdown by lending institutions
Others₹475.00 Cr
State Bank of India₹285.00 Cr
Latest charge details
DateLenderAmountStatus
17 Nov 2025 Others ₹275 Cr Open
11 Feb 2023 Others ₹100 Cr Open
26 Apr 2019 Others ₹100 Cr Open
08 Apr 2019 State Bank of India ₹285 Cr Open
15 Oct 2019 Others ₹43.02 Cr Satisfied

Total charge records: 76 View all charges

Employees and EPFO Compliance at Usha Martin Limited

Usha Martin Limited has a workforce of 2,356 employees as of Apr 06, 2024.

Employee count
2,356
Active EPFO establishments
5
Employee growth
5.23%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Usha Martin Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
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GST Compliance of Usha Martin Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Usha Martin Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Usha Martin Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Usha Martin Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Usha Martin Limited

MSME Payment Delays by Usha Martin Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Usha Martin Limited

Subsidiaries & Group Companies of Usha Martin Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Usha Martin Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Usha Martin Limited

MCA Filings & Documents of Usha Martin Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Usha Martin Limited

Charges
17 Nov 2025
A charge with Others amounted to Rs. 275.00 Cr with Charge ID 101195581 was registered on 17 Nov 2025.
Charges
06 Nov 2025
A charge registered on 15 Oct 2019 via Charge ID 100299582 with Others was fully satisfied on 06 Nov 2025.
Activity
07 Aug 2025
Usha Martin Limited last Annual general meeting of members was held on 07 Aug 2025 as per latest MCA records.
Charges
24 Jun 2025
A charge with Others of Rs. 43.02 Cr registered on 15 Oct 2019 with Charge ID 100299582 was modified on 24 Jun 2025.
Directors
12 May 2025
Chirantan Chatterjee was appointed as a Additional Director on 12 May 2025 & has been associated with this company since 1 year 1 month.
Charges
29 Apr 2025
A charge registered on 08 Aug 2019 via Charge ID 100280369 with Others was fully satisfied on 29 Apr 2025.

Frequently Asked Questions about Usha Martin Limited

Usha Martin Limited is an active public limited company in the manufacturing sector based in Kolkata, West Bengal, India. It was incorporated on 22 May 1986 (40+ years old) and is registered under CIN L31400WB1986PLC091621. Listed on BSE: 517146 and NSE: USHAMART. The company has 2,356 employees.

Usha Martin Limited reported revenue of ₹3,513.55 Cr for FY 2025 (up 8.00% YoY).

The primary industry of Usha Martin Limited is manufacturing. The company specifically operates in cable and wire. The company is currently active in this sector.

Yes. Usha Martin Limited is listed on both BSE (code: 517146) and NSE (symbol: USHAMART).

Usha Martin Limited can be reached at the registered office: 2A Shakespear Sarani P S Shakespear Sarani, Kolkata, West Bengal, India – 700071, or through the website ushamartin.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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