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Usha Martin shines on plan to allocate Rs 30 crore to Thai subsidiary

13 May 2013 Evaluate

Usha Martin is currently trading at Rs. 25.50, up by 0.20 points or 0.79% from its previous closing of Rs. 25.30 on the BSE.

The scrip opened at Rs. 25.90 and has touched a high and low of Rs. 25.95 and Rs. 25.30 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.80 on 05-Dec-2012 and a 52 week low of Rs. 20.30 on 26-Mar-2013.

Last one week high and low of the scrip stood at Rs. 27.05 and Rs. 23.35 respectively. The current market cap of the company is Rs. 777 crore.

The promoters holding in the company stood at 41.37% while Institutions and Non-Institutions held 29.46% and 21.21% respectively.

Usha Martin, steel wire rope maker is planning to spend Rs 30 crore for the equal joint venture between its existing Thai subsidiary Usha Siam Steel Industries and Tesac Wire Rope Co of Japan. It aims to commission the proposed 1,000 tonnes-a-day greenfield facility in Thailand by April, as the construction of the facility is in process. The entity is also expanding its marketing to Russia, South Africa and Latin America and it has two marketing subsidiaries in Europe and a R&D arm.

The company has reported a net profit of Rs 9 crore in Q4 to March 31, 2013, against Rs 76 lakh in the corresponding quarter in 2011-12. The annual net profit stood at Rs 7.05 crore in FY2013 against net loss of Rs 32.77 crore.

Usha Martin Share Price

491.00 -4.55 (-0.92%)
16-Jun-2026 12:07 View Price Chart
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