Usha Martin Ltd

Usha Martin Ltd

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OVERVIEW
FINANCIALS

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.

Incorporation Year: 1986
Headquarters: Kolkata
Top Management: Jhawar Family
Industry: Metals

Featured In Fortune India Ranking

Fortune 500 India
#496(2022)
#482(2021)
#415(2020)
#441(2019)
#280(2018)
#287(2017)
#285(2016)
#237(2015)
#244(2014)
#254(2013)
#245(2012)
#248(2011)
#236(2010)
#496(2022)#482(2021)#415(2020)#441(2019)#280(2018)#287(2017)#285(2016)#237(2015)#244(2014)#254(2013)#245(2012)#248(2011)#236(2010)
Ranking Trend Fortune 500 India
#20(2024)

Financial Data 2024

Revenue
3,296
(INR Cr)
Net Operating Income
3,225
(INR Cr)
Assets
2,792
(INR Cr)
Profit
424
(INR Cr)
Net Worth
2,380
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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)
253042577411492564547522440338264190137149
Cash & Bank Balance
(INR Cr)
168162165119112736251557419518436214848109
Total Debt
(INR Cr)
3644174115306203565407343644472399337323193254817569961671

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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 0.150.210.240.380.514.565.604.623.302.321.881.661.411.000.601.51
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%