Usha Martin Key Ratios
NSE: USHAMART | BSE: 517146
₹489.15
As on 27-Aug-2026IST
Market cap
₹14,900 Cr
Revenue (TTM)
₹3,837 Cr
P/E Ratio
29.4
P/B Ratio
4.3
Div. Yield
0.8 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 5.49 | 16.44 | 8.54 | 4.90 | 10.43 |
| EBIT | -3.22 | 50.53 | 34.06 | 11.01 | 19.35 |
| Net Profit | -9.85 | 40.67 | 34.91 | 13.93 | 21.73 |
| EPS | -3.94 | 40.72 | 25.51 | 11.23 | 20.54 |
| Book Value | -- | -- | 19.97 | 17.60 | 18.67 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 18.14 | 14.31 | 16.87 | 15.95 | 14.37 |
| Net Margin
| 14.93 | 11.79 | 13.17 | 13.06 | 11.56 |
| Return on equity
| 23.62 | 17.79 | 17.40 | 16.24 | 15.84 |
| Return on Capital
| 29.18 | 20.74 | -- | 20.17 | 19.30 |
| Return on Assets
| 16.53 | 11.72 | 12.90 | 11.92 | 11.11 |
| Debt to Equity (x)
| -- | -- | 0.01 | 0.04 | 0.12 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
--
|
20.17
|
19.30
|
22.69
|
21.85
|
|
Peer Median
|
--
|
13.36
|
16.84
|
19.95
|
--
|
ROE
17.40
Higher than Peers by 6.20
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
17.40
|
16.24
|
15.84
|
19.23
|
18.83
|
|
Peer Median
|
11.20
|
10.83
|
16.60
|
16.01
|
--
|
ROA
12.90
Higher than Peers by 6.15
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
12.90
|
11.92
|
11.11
|
12.77
|
11.89
|
|
Peer Median
|
6.75
|
6.69
|
8.12
|
10.37
|
--
|
EBIT Margin
16.87
Higher than Peers by 11.07
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
16.87
|
15.95
|
14.37
|
16.17
|
13.63
|
|
Peer Median
|
5.80
|
10.66
|
8.96
|
12.35
|
--
|
Net Margin
13.17
Higher than Peers by 7.39
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
13.17
|
13.06
|
11.56
|
12.99
|
10.64
|
|
Peer Median
|
5.78
|
3.69
|
3.40
|
4.54
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
--
|
16.30
|
14.36
|
15.44
|
12.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
8.54
Higher than Peers by 0.78
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
8.54
|
6.24
|
7.72
|
-1.30
|
21.57
|
|
Peer Median
|
7.76
|
24.18
|
11.64
|
7.37
|
--
|
EBIT Growth
34.06
Higher than Peers by 26.45
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
34.06
|
17.92
|
-4.29
|
17.10
|
45.13
|
|
Peer Median
|
7.61
|
65.15
|
-3.21
|
33.83
|
--
|
Net Profit Growth
34.91
Higher than Peers by 33.66
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
34.91
|
20.89
|
-4.20
|
20.97
|
20.30
|
|
Peer Median
|
1.25
|
45.32
|
-4.09
|
73.71
|
--
|
EPS Growth
25.51
Higher than Peers by 24.63
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
25.51
|
14.42
|
-3.85
|
21.08
|
20.21
|
|
Peer Median
|
0.88
|
42.64
|
-11.02
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
--
|
19.93
|
15.62
|
17.18
|
19.90
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.01
Lower than Peers by 0.08
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
0.01
|
0.04
|
0.12
|
0.13
|
0.17
|
|
Peer Median
|
0.09
|
0.35
|
0.23
|
0.32
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
--
|
0.04
|
0.05
|
0.04
|
0.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.28
Higher than Peers by 1.37
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
3.28
|
2.96
|
2.82
|
2.62
|
2.44
|
|
Peer Median
|
1.90
|
1.71
|
2.07
|
1.97
|
--
|
Quick Ratio
1.90
Higher than Peers by 0.68
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
1.90
|
1.77
|
1.42
|
1.38
|
1.21
|
|
Peer Median
|
1.22
|
1.61
|
1.33
|
1.45
|
--
|
Interest Coverage
40.07
Higher than Peers by 34.76
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
40.07
|
33.58
|
18.83
|
23.18
|
16.04
|
|
Peer Median
|
5.30
|
4.36
|
6.63
|
8.75
|
--
|
Operating Efficiency
Debtors to sales
16.77
Higher than Peers by 3.07
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
16.77
|
17.43
|
15.19
|
16.72
|
15.30
|
|
Peer Median
|
13.70
|
15.15
|
13.79
|
12.87
|
--
|
Asset Turnover
0.96
Lower than Peers by 0.17
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
0.96
|
0.90
|
0.96
|
0.98
|
1.11
|
|
Peer Median
|
1.14
|
1.66
|
1.66
|
1.52
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
--
|
57.35
|
55.46
|
58.44
|
50.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
--
|
95.14
|
97.44
|
100.08
|
93.67
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
--
|
53.58
|
49.66
|
53.66
|
46.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
--
|
98.91
|
103.24
|
104.87
|
98.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
29.39
No difference
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
29.39
|
25.52
|
25.16
|
22.88
|
18.64
|
|
Peer Median
|
29.39
|
22.96
|
27.59
|
37.31
|
--
|
Price / Book Value
4.34
Higher than Peers by 0.92
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
4.34
|
3.60
|
3.73
|
4.08
|
3.21
|
|
Peer Median
|
3.41
|
2.37
|
3.13
|
3.14
|
--
|
Dividend Yield
0.77
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
0.77
|
0.96
|
0.89
|
0.86
|
1.17
|
|
Peer Median
|
--
|
--
|
0.07
|
0.09
|
--
|
EV/EBITDA
17.54
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
17.54
|
14.94
|
16.21
|
15.39
|
12.41
|
|
Peer Median
|
--
|
20.63
|
21.71
|
21.47
|
--
|
Market Cap
14,900
Higher than Peers by 13,612
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Usha Martin
|
14,900
|
11,893
|
10,251
|
9,700
|
6,525
|
|
Peer Median
|
1,288
|
797
|
859
|
781
|
--
|