Usha Martin Limited · NSE:USHAMART
Usha Martin — Investor Presentation (November 2025)
49 slides from Usha Martin's investor presentation, Nov 27, 2025
Slide 1: Exchange filing cover letter
USHA MARTIN Date: 27th November 2025 The Secretary The Manager Societe de la Bourse de BSE Limited National Stock Exchange of India Ltd Luxembourg Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, 35A Bouleverd Joseph II Dalal Street Plot No. C/1, G Block, L-1840, Luxembourg Mumbai – 400 001 Ban
Slide 2: Investor Presentation November 2025
INVESTOR PRESENTATION Specialty wire rope and engineering solutions provider November 2025
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Usha Martin Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any o er, recommendation or invitation to purchase or subscribe for any securities, an
Slide 4: Contents
Contents 1) Company Overview 2) Competitive Edge 3) One Usha Martin Initiative 4) Financial Overview 5) Summary 6) ESG 7) Annexure Investor Presentation | 3
Slide 5: Company Overview
COMPANY OVERVIEW Investor Presentation | 4
Slide 6: Leading global and India's no.1 specialty steel wire rope solutions provider
Leading global and India’s no.1 specialty steel wire rope solutions provider… OFFERING WIDE RANGE OF: Specialty wire ropes High quality wires Low relaxation prestressed concrete steel strand (LRPC) Bespoke and end-fitments, related services ~65 yrs. 06 ~3,100 06 Rich Legacy Continents Worldwi
Slide 7: Diversified presence across geographies and end-industries
…with diversified presence across geographies and end-industries State-of-the-art manufacturing facilities: Ranchi, Hoshiarpur, Dubai, Bangkok, UK and Silvassa Global Development Center (GDC) at Italy: Engaged in using proprietary design software to develop best in class products Worldwide netw
Slide 8: Usha Martin's strategic transformation
Usha Martin’s strategic transformation TURNAROUND CONSOLIDATION GROWTH Deleveraging, steel divestment Focus on value mix, organization Capex-led growth, digital alignment, ESG integration integration, One Usha Martin initiatives FY19 – FY21 FY22 – FY25 FY26 onwards Divestment of steel Renewed focu
Slide 9: Competitive Edge
COMPETITIVE EDGE Investor Presentation | 8
Slide 10: In an industry with high entry barriers
In an industry with high entry barriers… Critical High-end applications of wire ropes are a mission critical component of end-product, Component Of making safety an absolute priority End-product Close Customer Engagement Long cycles for new customer and OEM approvals foster deep, sticky relationship
Slide 11: Usha Martin holds a competitive edge to fuel growth
…Usha Martin holds a competitive edge to fuel growth Brand value Comprehensive product Focus on services – established over portfolio across diverse o ering total 60 years critical applications solutions to clients Global ‘close- Robust R&D Strong financial to-consumer’ and innovation position footpr
Slide 12: Brand value established over 60 years
Brand value established over 60 years Foundation of a wire rope Acquisition of European Setting up the distribution plant in Ranchi (India) in Management & Marine center in Indonesia collaboration with Martin Corp in Scotland Black (UK) JV with Tesac Wire Ropes Co. Setting up the Ltd of Japan distri
Slide 13: Comprehensive product portfolio across diverse critical applications
Comprehensive product portfolio across diverse critical applications Oil & o shore ropes Surface mining: Underground mining: Fishing: 45 days - 150 days 1.5 – 3 years 6 months – 12 months Dragline dump: 7 days – 14 days Elevator ropes: Crane wire ropes: Cable supported bridges Aerial transportation:
Slide 14: Focus on services – offering total solutions to clients
Focus on services – o ering total solutions to clients Spooling & Cutting of Heavy Reels Mechanical Splicing Testing & Site Inspection Services Socketing Long Splicing 2000-tons Capacity Test Bench Facility USHA MARTIN Investor Presentation | 13
Slide 15: Global 'close-to-consumer' footprint
Global ‘close-to-consumer’ footprint Distribution Centre / Rigging Facilities: • Aberdeen, UK • Ho Chi Minh City, Vietnam • Houston, USA • Al Khobar, Saudi Arabia • Jakarta, Indonesia Dubai • Rotterdam, Netherlands Nottinghamshire UAE • Singapore, Singapore UK • Perth, Australia • Sydney, Australia
Slide 16: Robust R&D and innovation capabilities – (I)
Robust R&D and innovation capabilities – (I) USHA MARTIN GLOBAL DEVELOPMENT CENTRE Global Development Centre – Usha Martin Italia GDC has >40 years experience in rope design and application engineering Actively engaged in designing of wire ropes with a proprietary design software Responsible f
Slide 17: Robust R&D and innovation capabilities – (II)
Robust R&D and innovation capabilities – (II) In-house machine manufacturing capability driving operational excellence Integrated in-house machinery design and manufacturing unit Deep engineering expertise End-to-end integration Accelerated modernization cycles Sustained reliability and up
Slide 18: USHA MARTIN
USHA MARTIN Investor Presentation | 17
Slide 19: One Usha Martin – Transforming into a unified global enterprise
One Usha Martin – Transforming into a unified global enterprise Building a lean, agile and integrated organization to drive long-term growth Enterprise-wide program bringing together people, operations, and geographies into a single, unified organization Designed to break down silos and create agi
Slide 20: Pillar-wise initiatives & execution progress
Pillar-wise initiatives & execution progress TRANSFORMATION PILLAR KEY INITIATIVES BENEFITS Digital platforms are being rolled out globally - SAP S/4 HANA for core operations, Salesforce for CRM, Global process integration, and SuccessFactors for HR and talent development improved transparency and
Slide 21: Financial Overview
FINANCIAL OVERVIEW Investor Presentation | 20
Slide 22: Strategic initiatives have strengthened consolidated operational and financial performance
Strategic initiatives have strengthened Usha Martin’s consolidated operational and financial performance Delivery Volumes (‘000 MT) Revenue (in Rs. crore) Volume growth to be further 3,474 supported by capacity 192 198 3,268 3,225 189 181 expansion and debottlenecking 174 2,688 initiatives 2,097 10
Slide 23: Key operational highlights
Key operational highlights Sales Volumes 1 (‘000 MT) Wire Rope Sales Volumes (‘000 MT) Overall sales volumes registering stable growth, 104 reflecting steady demand 93 94 189 192 198 79 85 across key segments 174 181 54 Wire rope and wire segments 101 contributing strongly to the overall increa
Slide 24: Segmental revenue overview
IN RS. CRORE Segmental revenue overview Wire Rope Wire & Strand Core wire rope segment revenues 327 339 328 increased by 5.1% Y-o-Y in H1 FY26 2,487 307 2,194 2,277 274 Wire segment revenues increased 1,640 by 22.7% and LRPC segment 185 1,289 1,320 II registered a 14.6% Y-o-Y decline Segment-w
Slide 25: Continuing shift towards value accretive products, applications and geographies
Continuing shift towards value accretive products, applications and geographies Consolidated Revenue Break-up1 PRODUCT SEGMENTATION END INDUSTRY SEGMENTATION 2 GEOGRAPHY WISE BREAK UP 3 Fishing, 3% Others, 2% Americas, Others, 8% 9% Mining, 6% Middle East Engineering, 24% Utilities, 3% & Africa, 9%
Slide 26: Resilient business model insulated from raw material volatility
Resilient business model insulated from raw material volatility E ective management of input cost Steel Price1 (Rs. per tonne) volatility has supported consistent -~---------------- EBITDA/ton delivery 61,691 56,317 55,392 54,097 53,618 50,958 52,316 44,112 FY21 FY22 FY23 FY24 FY25 Q1FY26 Q2FY26 H
Slide 27: Healthy balance sheet to support growth initiatives
Healthy balance sheet to support growth initiatives Net worth (in Rs. crore) Net Debt (in Rs. crore) Sustained working capital e ciencies and 2,965 342 improved cash flows continue to enable 2,752 2,384 consistent, self-funded investments 191 185 2,035 1,697 124 Continued focus on prudent capital
Slide 28: Long term issuer rating at 'IND A+' / Outlook: Stable
Long term issuer rating at ‘IND A+’ / Outlook: Stable A+ A A- BBB+ BBB BBB- July'19 July'20 Aug'21 Aug'22 Aug'23 Aug'24 Jul'25 India Ratings &Researcli A Fitch Group Company ▪ India Ratings and Research Pvt. Ltd. recently rea rmed Usha Martin Ltd.’s ratings at “IND A+/Stable” for Long Current Rating
Slide 29: Robust cash flows
IN RS. CRORE Robust cash flows Operating Cash Flow (% of EBITDA) OCF to EBITDA during H1FY26 at 123%, 123% E ective working capital management continue to strengthen free cash flow 94% 91% generation 78% 67% Healthy free cash flows reflect prudent capital allocation and strong cash conversion, provi
Slide 30: Focus on enhancing shareholder value
Focus on enhancing shareholder value FY25 Rs. 91.37 crore ~22% <<<<<< of Profit After Tax Dividend Paid FY24 Rs. 83.80 crore ~20% <<<<<< of Profit After Tax Dividend Paid Dividend Payout Policy Dividend distribution policy (Link) Aspires to maintain healthy dividend payout USHA MARTIN Investor Pre
Slide 31: Summary
SUMMARY Investor Presentation | 30
Slide 32: Resilient. Global. Future-Ready
Resilient. Global. Future-Ready Global Diversified Innovation & Strategic Financial Leadership Business Model Value Migration Transformation Strength Among the world’s top Balanced portfolio Focused capex, R&D “One Usha Martin” Net-debt-free, strong 5-speciality wire rope across mining, and product u
Slide 33: Sustainability
SUSTAINABILITY Investor Presentation | 32
Slide 34: ESG strategy - Key focus areas
ESG strategy - Key focus areas Sustainable Care for Environment Product Stewardship Care for People Ethical Business Partnerships Climate stewardship Sustainable product Retention and Community engagement Corporate governance design & innovation development of Air emissions management
Slide 35: ESG achievements and targets
ESG achievements and targets Accelerating sustainability impact through targeted initiatives Achievements FY25 Targets ,.. Care For Water audits conducted for Ranchi and Hoshiarpur Energy audit conducted for Ranchi and Hoshiarpur Achieve a 10% reduction in energy intensity in manufacturing ope
Slide 36: ESG action highlights
ESG action highlights Accelerating sustainability through focused initiatives Decarbonization roadmap in Regular safety training Board-level ESG oversight through a progress, anchored on renewable programs across dedicated ESG Committee and clear energy adoption, alternate fuels manufacturing
Slide 37: Corporate Social Responsibility (CSR) Initiatives
Corporate Social Responsibility (CSR) Initiatives Natural Resource Health, Nutrition & Education & Learning Livelihood & Financial Sport & Infrastructure Empowering Management Sanitation Providing support in Inclusion Development Di erently Abled Addressing waterbody Addressing preventive operating
Slide 38: Governance structure in place to drive transparency, accountability and sustainability
Governance structure in place to drive transparency, accountability and sustainability Governance Framework: Three-tier governance structure: Board → Strategic → Board of Directors Operational levels for sustainability and risk oversight. The Board of Directors provides overall ESG and 4 Indepen
Slide 39: Annexure
ANNEXURE Investor Presentation |38 38
Slide 40: Usha Martin's new visual identity
Usha Martin’s new visual identity Mother brand USHA ENGINEERED MARTIN TO TRANSFORM Manufacturing Units 1 1 usHA Ill BRUNTON I I I IJ BRUNTON {J _., USHA ' - ' MARTIN Il l SHAW .-111 WIRE ROPES USHA MARTIN SIAM USHA MARTIN USHA MARTIN Service Centres EMM EMMCORP DE RUITER {J _.. USHA CORP SAUDI ARABI
Slide 41: Wire rope production process
Wire rope production process 2 4 6 1st stage of Drawing 2nd Stage of Drawing (Final Drawing) The descaled and surface-coated wire rod Patenting Following the initial wire Drawn Wire Stranding (with undergoes the initial drawing and patenting, Twisting) Surface treatment drawing process to Heat treat
Slide 42: Manufacturing set-up - India
Manufacturing set-up - India Ranchi Facility: Spread across an area of more than 100 acres, this facility is one of the world’s largest wire rope Ismal Unit, Ranchi: Well-equipped facility with over 3 manufacturing facility decades of experience in manufacturing and supply of pre-stressing machines
Slide 43: Manufacturing set-up - International
Manufacturing set-up - International I l l ~ BRUNTON I l l BRUNTON USHA '1111 WIRE ROPES USHA MARTIN I l l SHAW USHA MARTIN SIAM USHA MARTIN UAE UK THAILAND Located at Jebel Ali Free Zone in Dubai (UAE), this facility Located in Nottinghamshire, UK, the company Usha Siam has been operating in Bangko
Slide 44: Marquee projects
Marquee projects , New Pamban Bridge, Rameswaram - Chenab Bridge (World's highest World’s longest hanging bridge for Disneyland, Shanghai, China - Full operating with structural wire ropes railway arch bridge) - Cable cranes adventure tourism in Italy - Cables locked coil, supporting cables with loc
Slide 45: Globally recognized certifications and licenses
Globally recognized certifications and licenses ISO 45001: 2018 ISO 14001: 2015 Certificate of Authority issued by ISO 9001: 2015 Occupational Health & Safety Environmental management systems American petroleum institute Quality management Systems --·---- --\,aa'fl[O ,., .,.,..,,,..m,o -·--- USHA MAIU
Slide 46: Commitment to global sustainability standards
Commitment to global sustainability standards Assessed by EcoVadis, a global sustainability rating platform Received Bronze Medal for sustainability performance Evaluation covers Environment, Labor & Human Rights, Ethics, and Sustainable Procurement Continuous improvement plan in place to ac
Slide 47: Market snapshot
Market snapshot As on Shareholding pattern as on Key Market Statistics 30th September 2025 30th September 2025 BSE/NSE Ticker 517146 / USHAMART Public including Employee Welfare CMP (Rs.) 460.30 Trust, 20% Market Cap (Rs. Crore) 14,027.27 Promoters, 41% Number of outstanding shares (Crore) 30.47 Cor
Slide 48: Contact us
Contact us About Us: Established in the year 1960, Usha Martin is a leading global and India’s No. 1 specialty steel wire rope solutions provider. The Company is also engaged in the manufacturing Usha Martin Limited of high-quality wires, low relaxation prestressed concrete steel strand (LRPC), Tel:
Slide 49: Thank you
USHA MARTIN THANK YOU USHA MARTIN LIMITED 2A, Shakespeare Sarani, contact@ushamartin.com Kolkata - 700 071, India www.ushamartin.com Investor Presentation | 48