Usha Martin Ltd
About
Headquartered in Kolkata, Usha Martin is a manufacturer of wire ropes. It has manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok, and the UK and is present in more than 75 countries, including Russia, South Africa, Vietnam, and Iran. Usha Martin’s R&D centre, located in Italy, uses proprietary design software to design ropes for diverse sectors like mining, infrastructure, elevators, cranes, and oil & offshore. The company is known for its prestressing machines and accessories, optical fibre cables, and wire rope. Usha Martin has collaborated with Joh Pengg of Austria and TESAC Wire Rope of Japan for some of its products and has set up an additional manufacturing unit in Ranchi specifically for conveyor cords. The company is particularly involved in improving the life conditions in rural Jharkhand, with an emphasis on health, natural resource management, sanitation, education, and women empowerment.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3296 -0.7% | 3321 17.7% | 2820 33.3% | 2117 -19.3% | 2623 1.3% | 2590 20.4% | 2152 -45.7% | 3960 0.4% | 3944 -15.4% | 4664 8.6% | 4294 11.6% | 3847 4.9% | 3670 13.2% | 3241 23.2% | 2631 -12.9% | 3022 - |
| Net Operating Income (INR Cr) | 3225 -1.30% | 3268 21.57% | 2688 28.17% | 2097 -2.63% | 2154 -13.44% | 2488 20.45% | 2066 -46.79% | 3882 -5.60% | 4112 -9.84% | 4561 11.96% | 4074 12.48% | 3622 7.77% | 3361 10.39% | 3045 21.09% | 2514 -14.76% | 2950 27.85% |
| Profit (INR Cr) | 424 21.1% | 350 20.2% | 291 94.7% | 150 -64.3% | 419 773.0% | 48 - | -271 - | -359 - | -430 - | -253 - | 11 -86.4% | 79 2083.9% | 4 -97.4% | 137 -18.7% | 169 -9.0% | 185 - |
| Assets (INR Cr) | 2792 11.0% | 2515 14.5% | 2196 8.4% | 2025 3.0% | 1966 -69.2% | 6391 29.4% | 4938 -9.3% | 5446 -8.7% | 5967 0.7% | 5925 -2.1% | 6053 6.2% | 5698 17.7% | 4843 29.1% | 3751 39.0% | 2700 -4.4% | 2824 - |
| Net Worth (INR Cr) | 2380 17.2% | 2031 19.9% | 1694 20.7% | 1404 14.3% | 1227 57.0% | 782 7.6% | 727 -23.1% | 945 -30.2% | 1353 -21.3% | 1719 -13.6% | 1990 3.8% | 1918 6.2% | 1806 3.1% | 1752 6.3% | 1649 48.7% | 1109 17.9% |
| Employee Cost (INR Cr) | 428 14.7% | 373 12.9% | 330 10.8% | 298 -2.6% | 306 9.7% | 279 12.1% | 249 -33.0% | 371 -0.6% | 373 -5.1% | 393 12.3% | 350 22.8% | 285 19.7% | 238 11.4% | 214 20.2% | 178 4.1% | 171 - |
| Interest Cost (INR Cr) | 25 | 30 | 42 | 57 | 74 | 114 | 92 | 564 | 547 | 522 | 440 | 338 | 264 | 190 | 137 | 149 |
| Cash & Bank Balance (INR Cr) | 168 | 162 | 165 | 119 | 112 | 73 | 62 | 51 | 55 | 74 | 195 | 184 | 362 | 148 | 48 | 109 |
| Total Debt (INR Cr) | 364 | 417 | 411 | 530 | 620 | 3565 | 4073 | 4364 | 4472 | 3993 | 3732 | 3193 | 2548 | 1756 | 996 | 1671 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 12.9% | 10.5% | 10.3% | 7.1% | 16.0% | 1.9% | - | - | - | - | 0.3% | 2.1% | 0.1% | 4.2% | 6.4% | 6.1% |
| Profit As % Of Assets | 15.2% | 13.9% | 13.3% | 7.4% | 21.3% | 0.8% | - | - | - | - | 0.2% | 1.4% | 0.1% | 3.7% | 6.3% | 6.6% |
| Profit As % Of Networth | 17.8% | 17.2% | 17.2% | 10.7% | 34.1% | 6.1% | - | - | - | - | 0.5% | 4.1% | 0.2% | 7.8% | 10.2% | 16.7% |
| Interest Cost to EBITDA % | 4.1% | 5.9% | 11.1% | 20.4% | 32.0% | - | - | 144.9% | 160.3% | 84.7% | 62.2% | 54.8% | 60.8% | 34.4% | 29.0% | 28.8% |
| Debt to Equity Ratio | 0.15 | 0.21 | 0.24 | 0.38 | 0.51 | 4.56 | 5.60 | 4.62 | 3.30 | 2.32 | 1.88 | 1.66 | 1.41 | 1.00 | 0.60 | 1.51 |
| RONW | 19.2% | 18.8% | 17.3% | 8.9% | 25.9% | 4.0% | - | - | - | - | 0.7% | 4.4% | 0.4% | 8.2% | 12.3% | 18.1% |
| ROCE | 21.7% | 20.7% | 17.4% | 10.4% | 14.8% | -1.1% | 0.0% | 0.0% | 0.0% | 5.7% | 8.2% | 8.4% | 6.4% | 12.4% | 13.8% | 17.6% |