1. Is Usha Martin Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Usha Martin Ltd is a average quality company.
2. Is Usha Martin Ltd undervalued or overvalued?
The key valuation ratios of Usha Martin Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Usha Martin Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Usha Martin Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||5.7%||5.9%||2.8%||-0.3%||0.4%||2.2%||12.2%||19.8%||13.8%||20.1%||-|
|Value Creation Index ⓘ||-0.6||-0.6||-0.8||-1.0||-1.0||-0.8||-0.1||0.4||-0.0||0.4||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||8%||14%||-8.4%||-5.4%||45.8%||19.3%||-74.2%||-7.7%||34.5%||-|
|Adj EPS ⓘ||0.5||-0.4||-7.1||-12.7||-12||-10.1||1.7||12.8||3.4||6.2||7.7|
|YoY Gr. Rt. %||-||-191.5%||NA||NA||NA||NA||NA||650.9%||-73.2%||80.5%||-|
|BVPS (₹) ⓘ||50.7||50||39.3||26.7||15||5.7||7.6||20.2||23.4||30.4||31.7|
|Adj Net Profit ⓘ||14.3||-13.2||-218||-386||-364||-307||52||391||105||189||233|
|Cash Flow from Ops. ⓘ||387||1,047||644||766||605||884||969||148||111||185||-|
|Debt/CF from Ops. ⓘ||7.7||3.4||5.7||5.4||6.8||4.3||3.4||2.4||2.6||0.9||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||33.2%||NA||53.7%||80.5%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||0.9||-0.9||-15.8||-37.3||-56.1||-97.4||25.7||92.5||15.8||23.1||24.7|
|Op. Profit Mgn % ⓘ||18.2||20.3||16.6||9.9||11.8||9.5||10.2||7.1||14.2||13.5||13.6|
|Net Profit Mgn % ⓘ||0.5||-0.4||-5.8||-11.3||-11.2||-6.5||0.9||26.8||7.8||10.5||11.6|
|Debt to Equity ⓘ||1.9||2.3||3.1||5.1||9||21.9||14.4||0.6||0.4||0.2||0.1|
|Working Cap Days ⓘ||252||240||200||200||200||148||229||753||231||173||144|
|Cash Conv. Cycle ⓘ||153||129||97||98||93||43||19||61||68||72||71|
Net Profit is growing at healthy rate in last 3 years 53.71%
Sales growth is good in last 4 quarters at 24.32%
Return on Equity has declined versus last 3 years average to 24.70%
Sales growth has been subdued in last 3 years -31.58%
|TTM EPS (₹)||7.7||11.1|
|TTM Sales (₹ Cr.)||2,021||3,058|
|BVPS (₹.) ⓘ||31.7||58|
|Reserves (₹ Cr.) ⓘ||935||1,737|
|From the Market|
|52 Week Low / High (₹)||80.55 / 164.65|
|All Time Low / High (₹)||0.50 / 164.65|
|Market Cap (₹ Cr.)||4,082|
|Equity (₹ Cr.)||30.5|
|Face Value (₹)||1|
|Industry PE ⓘ||10.1|
Usha Martin started in 1961 in Ranchi, Jharkhand as a wire rope manufacturing company, today the Usha Martin Group is a $1 billion conglomerate with a global presence. The group has set new standards in the manufacture of wire rods, bright bars, steel wires, speciality wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery. With continuous growth in both the domestic and international markets, Usha Martin, the Groupâ€™s flagship company has emerged as Indiaâ€™s largest and the worldâ€™s second largest steel wire rope manufacturer.
In 1979, the company set up a steel plant with wire rod rolling mill at Jamshedpur, to benefit from business integration. This ensured a steady supply of steel for the manufacture of value added products. Today, the Jamshedpur unit has a truly integrated speciality steel manufacturing facility of 700,000 MT per annum. Out of which, about 35% is consumed internally by its plant in Ranchi, Hoshiarpur & Bangkok, producing steel wire, steel strand, steel cords, bright bar and steel wire ropes. All its manufacturing facilities are ISO 9000 certified and the steel plant was Indiaâ€™s first to receive the TPM Excellence Award from JIPM, Japan.
With local success come global aspirations. Currently, the company has overseas manufacturing operations in Thailand, UK and Dubai. Besides a vast network of distribution centres and marketing offices spread across the globe to support an ever growing worldwide customer base. The company exports over 60% of the wire rope output and about 20% of the total wire rods produced.
Usha Martinâ€™s future plans are focused on its operation in Jharkhand - a state rich in mineral resources. Future priorities include product mix enrichment, cost reduction and infrastructural improvements. Already flourishing in its recent foray into mining operations, the company is planning to invest in its iron ore and coal mines, sinter plant, pellet plant, power plants, while also enhancing its steel making and value added products capacity with an investment of Rs 2,100 crore.
Products of the company