Usha Martin Limited · NSE:USHAMART
Usha Martin — Q4 FY26 Earnings Presentation
23 slides from Usha Martin's earnings presentation, Apr 30, 2026
Slide 1: Cover letter to stock exchanges
USHA MARTIN Date: 30th April 2026 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 Bandra
Slide 2: Q4 & FY26 Results Earnings Presentation
Q4 & FY26 RESULTS Earnings Earnings Presentation Presentation A r·l2026 April 2026 USHA MARTIN |
Slide 3: Disclaimer
Disclaimer Disclaimer This presentation This presentation and and the the accompanying accompanying slides slides (the {the “Presentation”), "Presentation"), which which havehave been been prepared prepared by by Usha Usha Martin Martin Ltd Ltd.. (the {the "Company"), have “Company”), have been been
Slide 4: Key performance highlights – Consolidated FY26
Keyperformance Key performance highlights – highlights - Consolidated Consolidated FY26 FY26 Revenue Operating Operating EBITDA EBITDA Operating Operating EBITDA EBITDA margin margin PAT Rs 3,691 cr Rs 705 Rs 705 cr er 19.1% 19.1% Rs 491 cr FY25 Rs 3,474 cr +6.2% FY25RsRs597 FY25 597 cr er +18.1% FY
Slide 5: Key financial highlights – Consolidated Q4 & FY26
In Rs. In Rs.crore crore Keyfinancial Key financial highlights – highlights - Consolidated Consolidated Q4Q4 & FY26 & FY26 NETREVENUE NET REVENUE FROM FROM OPERATIONS OPERATIONS ■ OPERATING OPERATING EBITDA EBITDA • MARGINS MARGINS 3,691 3,691 15.6% 15.6% 19.2% 19.2% 21.6% 21.6% 17.2% 17.2% 19.1% 19
Slide 6: Revenue breakdown by segment
In Rs. In Rs.crore crore Revenuebreakdown Revenue breakdown by segment by segment WIREROPE WIRE ROPE WIRE WIRE 2,683 2,683 2,487 • 2,487 • 328 328 408 408 615 657 657 707 707 105 118 118 615 90 90 105 Q4 ■ Q4FY25 FY25 Q3 I Q3FY26 FY26 Q4 I Q4FY26 FY26 FY25 FY25 FY26 FY26 ■ Q4FY25 Q4 FY25 ■ Q3FY26 Q3
Slide 7: Diversified presence across geographies and segments
Diversified Diversified presence presence across across geographies geographies and segments and segments RevenueSegmentation Revenue Segmentation for FY26 for FY26 PRODUCT PRODUCT SEGMENTATION SEGMENTATION ENDINDUSTRY END INDUSTRY SEGMENTATION 1 SEGMENTATION GEOGRAPHY GEOGRAPHY SEGMENTATION SEGMENT
Slide 8: Successfully managing raw-material volatility
Successfully Successfully managing managing raw raw-material volatility -material volatility STEELPRICE STEEL PRICE(RS.(RS. PER TONNE) PER TONNE) 61,691 55,392 54,097 50,376 51,052 49,356 FY23 FY23 FY24 FY24 FY25 FY25 Q3FY26 Q3FY26 Q4FY26 Q4FY26 FY26 FY26 EBITDA/TONNE22 (RS.) EBITDA/TONNE (RS.) 39,4
Slide 9: Profitability indicators remain healthy
Profitability Profitability indicators indicators remain remain healthy healthy ROCE 2 (%) ROCE (%) ROE(%) ROE (%) 22.8% 19.3% 20.6% 19.2% 15.8% 16.8% FY24 FY24 FY25 FY25 FY26 FY26 FY24 FY24 FY25 FY25 FY26 FY26 INTEREST INTEREST COVERAGE COVERAGE (X) (X) FIXEDASSET FIXED ASSET TURNOVER TURNOVER (X)
Slide 10: Balance sheet strengthened, with net cash position at Rs. 332 crore
In Rs. In Rs.crore crore Balancesheet Balance sheet strengthened, strengthened, with with net net cash cash position position at Rs. 332 at Rs. 332 crore crore GROSS GROSS DEBT DEBT NETDEBT NET DEBT 338 124 124 338 292 63 63 292 146 146 -332 -332 FY24 FY24 FY25 FY25 FY26 FY26 FY24 FY24 FY25 FY25 FY2
Slide 11: Net working capital to turnover remains steady
Networking Net working capital capital to turnover to turnover remains remains steady steady CURRENT CURRENT RATIO RATIO (X) {X) NETWORKING NET WORKING CAPITAL CAPITAL {RS. CRORE) (RS. CRORE) 3.3 1,199 1,228 2.9• 2.8• 1,089 Mar-24 Mar-24 Mar-25 Mar-25 Mar-26 Mar-26 Mar-24 Mar-24 Mar-25 Mar-25 Mar-26
Slide 12: Strong cash generation funded capex through internal accruals
In Rs. In Rs.crore crore Strong Strong cash cash generation generation funded funded capex through capex through internal accruals internal accruals OPERATING OPERATING CASH CASH FLOW FLOW (OCF) (OCF) BEFOREBEFORE INCOME TAX INCOME TAX AND% AND % TOTO EBITDA EBITDA 104% 104% 94% 94% 91% 91% 736 • •
Slide 13: Long term issuer rating at IND A+ / Outlook: Stable
Longterm Long term issuer issuer rating rating at A+’ at ‘IND 'IND A+'/ Outlook: / Outlook: Stable Stable A+ A+ A A A-- A BBB+ BBB+ BBB BBB BBB-- BBB BB+ BB+ BB BB BB-- BB India Ratings FY'18 FY'18 FY'19 FY'19 FY'20 FY'20 FY'21 FY'21 FY'22 FY'22 FY'23 FY'23 FY'24 FY'24 Jul'25 Jul'25 &Research A Fitc
Slide 14: Management comment
Management Management comment comment Commenting on Commenting on the the performance performance Mr Mr.. Rajeev Rajeev Jhawar, Jhawar, Managing Managing Director Director said said:: "Weare "We arepleased pleased to close to close FY26FY26 on a strong on a strong note. note. Q4 04 grew revenue reve
Slide 15: Annexure
ANNEXURE | 14
Slide 16: Abridged Consolidated P&L statement
In Rs. In Rs.crore crore Abridged Abridged Consolidated Consolidated P&L statement P&L statement Q4FY26 FY26 Q4FY25 FY25 YY-o-Y Change -o-Y Change Q3 FY26 FY26 Q-o-Q Q Change -o-Q Change FY26 FY25 Y-o-Y Y Change -o-Y Change Q4 Q4 (%) Q3 (%) FY26 FY25 (%) (%) (%) (%) Revenuefrom Revenue from Operatio
Slide 17: Abridged Standalone P&L statement
In Rs. In Rs.crore crore Abridged Abridged Standalone Standalone P&L P&L statement statement Y-o-Y Y Change -o-Y Change Q-o-Q Q Change -o-Q Change YY-o-Y Change -o-Y Change Q4FY26 Q4 FY26 Q4FY25 Q4 FY25 Q3 FY26 Q3 FY26 FY26 FY26 FY25 FY25 (%) (%) (%) (%) (%) (%) Revenuefrom Revenue from Operations O
Slide 18: Key operational highlights – Consolidated Q4 & FY26
Keyoperational Key operational highlights – highlights - Consolidated Consolidated Q4Q4 & FY26 & FY26 Figureinin Figure ('000 (‘000 MT)MT) SALES SALES VOLUMES1 VOLUMES ▪ Overall sales Overall sales volumes volumes improved improved year year-on-year, reflecting steady -on -year, reflecting steady de
Slide 19: Globally recognized certifications and licenses
Globallyrecognized Globally recognized certifications certifications and licenses and licenses ISO45001: 450012018 : 2018 ISO14001: ISO 14001:2015 2015 Certificate Certificate ofof Authority Authority issued issued ISO9001: ISO 90012015 : 2015 ISO Occupational Health Environmental management by Amer
Slide 20: Market snapshot
Marketsnapshot Market snapshot Ason ,,~- ------ -------- --SHAREHOLDING PATTERN-AS ON ----- -------- ---,,, KeyMarket Market Statistics As on SHAREHOLDING PATTERN AS ON I Key Statistics 31 st March 2026 st 31st 31 March2026 st March 2026 31 March 2026 Publicincluding Public including BSE/NSE BSE/NSE
Slide 21: Concall details
Concalldetails Concall details UshaMartin Usha Martin Ltd. Ltd. Q4 Q4 & & FY26 FY26 Earnings Earnings Conference Conference Call Call Time: Time: 4:30PM 4:30 PMIST 1ST onon Thursday, Thursday, AprilApril 30, 2026 30, 2026 To enable To enableparticipants participants to connect to connect to theto th
Slide 22: Contact us
Contact Contact usus About Us About Us:: Mr. Abhijit Mr. AbhijitPaul Paul (Chief (Chief Financial Financial Officer}/ Officer) / Established in Established in the the year year 1960, Usha Martin 1960 , Usha Martin is is aa leading leading global global and and India’s India's No No.. 1 specialty 1 s
Slide 23: Thank You
THANK YOU USHA MARTIN LIMITED 2A, Shakespeare Sarani, contact@ushamartin.com Kolkata - 700 071, India www.ushamartin.com | 22