Usha Martin Limited · NSE:USHAMART
Usha Martin — Q1 FY26 Earnings Presentation
21 slides from Usha Martin's earnings presentation, Aug 12, 2025
Slide 1: Exchange filing cover letter for earnings presentation
Date: 12th August 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 Bandra Kurla Compl
Slide 2: Q1FY26 Results Presentation
Q1FY26 Results Presentation August 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 offer, recommendation or invitation to purchase or subscribe for any securities, a
Slide 4: Key financial highlights – Consolidated Q1 FY26
In Rs. crore Key financial highlights – Consolidated Q1 FY26 NET REVENUE FROM OPERATIONS OPERATING EBITDA MARGINS 18.6% 15.6% 16.3% 896 887 154 145 140 826 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Shift (%) QoQ: 1.0% YoY: 7.4% Shift (%) QoQ: 3.6% YoY: 6.1% PAT MARGINS ▪ Revenue from op
Slide 5: Revenue breakdown by segment
In Rs. crore Revenue breakdown by segment WIRE ROPE WIRE 90 94 642 71 615 595 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Shift (%) QoQ: 4.3% YoY: 7.9% Shift (%) QoQ: 4.5% YoY: 32.3% LRPC ▪ The Wire segment registered a 32.3% Y-o-Y increase in 101 88 revenues, and the Wire Rope segment r
Slide 6: Diversified presence across geographies and segments
Diversified presence across geographies and segments Revenue Segmentation for Q1 FY26 PRODUCT SEGMENTATION END INDUSTRY SEGMENTATION1 GEOGRAPHY SEGMENTATION Others, 7% Others, 3% America, 8% Fishing, 3% Mining, 5% Middle East & Africa, 9% Wire, 11% Engineering, 24% Utilities, 3% Elevator, 10% India,
Slide 7: Successfully managing raw-material volatility
Successfully managing raw-material volatility STEEL PRICE (RS. PER TONNE) 55,517 54,906 53,952 54,097 53,618 51,913 Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY25 Q1FY26 EBITDA/TONNE2 (RS.) 32,628 32,253 30,148 28,302 27,689 28,502 Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY25 Q1FY26 Note 1: All figures mentioned in the slide
Slide 8: Profitability indicators remain healthy
Profitability indicators remain healthy ROCE (%) ROE (%) 22.5% 22.8% 19.3% 18.2% 18.8% 19.2% 15.8% 15.0% FY23 FY24 FY25 Jun'25 FY23 FY24 FY25 Jun'25 INTEREST COVERAGE (X) FIXED ASSET TURNOVER (X) 3.4 23.2 21.7 2.7 2.5 18.8 2.5 16.0 FY23 FY24 FY25 Jun'25 FY23 FY24 FY25 Jun'25 Note 1: All figures mentio
Slide 9: Balance sheet is net debt free at a consolidated level
In Rs. crore Balance sheet is net debt free at a consolidated level GROSS DEBT NET DEBT 185 347 338 292 124 271 63 -14 FY23 FY24 FY25 Jun'25 FY23 FY24 FY25 Jun'25 GROSS DEBT TO EQUITY (X) NET DEBT TO EQUITY (X) 0.09 0.17 0.12 0.12 0.05 0.09 0.02 0.00 FY23 FY24 FY25 Jun'25 FY23 FY24 FY25 Jun'25 Note
Slide 10: Net working capital to turnover remains steady
Net working capital to turnover remains steady CURRENT RATIO (X) NET WORKING CAPITAL (RS. CRORE) 1,199 1,210 2.9 2.8 3.0 1,028 1,089 2.5 Mar-23 Mar-24 Mar-25 Jun-25 Mar-23 Mar-24 Mar-25 Jun-25 NET WORKING CAPITAL (DAYS) NET WORKING CAPITAL TO TURNOVER (LTM, %) 32.8% 32.9% 32.8% 29.1% 198 199 196 164
Slide 11: Long term issuer rating at 'IND A+' / Outlook: Stable
Long term issuer rating at ‘IND A+’ / Outlook: Stable A+ A A- BBB+ BBB BBB- BB+ BB BB- FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY'24 Jul'25 ▪ India Ratings and Research Pvt. Ltd. recently reaffirmed Usha Martin Ltd.’s ratings at “IND A+/Stable” for Current Rating A+ Long-Term Credit Facilities and “IND
Slide 12: Management comment
Management comment Commenting on the performance Mr. Rajeev Jhawar, Managing Director said: “We have commenced fiscal year 2025–26 on a stable note, reporting a volume increase of 10.4% year-on- year, led by growth in our wire and wire rope segments and supported by sustained demand across key market
Slide 13: ANNEXURE
ANNEXURE Q1 FY26 Earnings Presentation | 12
Slide 14: Abridged Consolidated P&L statement
In Rs. crore Abridged Consolidated P&L statement Q1 FY26 Q1 FY25 Y-o-Y Change (%) Q4 FY25 Q-o-Q Change (%) Revenue from Operations 887.2 826.4 7.4% 896.1 -1.0% Operating EBITDA 144.6 154.0 -6.1% 139.6 3.6% Operating EBITDA Margin (%) 16.3% 18.6% -2.3 pps 15.6% 0.7 pps Operating EBITDA / ton^ (Rs.) 2
Slide 15: Abridged Standalone P&L statement
In Rs. crore Abridged Standalone P&L statement Q1 FY26 Q1 FY25 Y-o-Y Change (%) Q4 FY25 Q-o-Q Change (%) Revenue from Operations 540.1 514.1 5.1% 544.2 -0.7% Operating EBITDA 95.8 101.4 -5.5% 99.9 -4.1% Operating EBITDA Margin (%) 17.7% 19.7% -2 pps 18.4% -0.6 pps Operating EBITDA / ton (Rs.) 22,199
Slide 16: Key operational highlights – Consolidated Q1 FY26
Key operational highlights – Consolidated Q1 FY26 Figure in (‘000 MT) SALES VOLUMES1 ▪ Increase in overall volumes YoY, primarily due to an increase in 52 51 Wire Rope and Wire volumes 46 ▪ Segment wise contribution to overall volumes Q1 FY26: ▪ Wire Rope - 52% (FY25: 52%) ▪ Wire - 23% (FY25: 21%) Q
Slide 17: Globally recognized certifications and licenses
Globally recognized certifications and licenses ISO 45001: 2018 ISO 14001: 2015 Certificate of Authority issued ISO 9001: 2015 Occupational Health & Environmental management by American Petroleum Quality management Safety systems Institute Systems Manufacturing DGMS Approval Assessment issued by ABS N
Slide 18: Market snapshot
Market snapshot As on Key Market Statistics th SHAREHOLDING PATTERN AS ON 30th June 2025 30 June, 2025 Public including BSE/NSE Ticker 517146 / USHAMART Employee Welfare Trust, 21% CMP (Rs.) 366.45 Promoters, 42% Market Cap (Rs. In Crore) 11,167.27 Corporate Bodies, 12% Number of outstanding shares
Slide 19: Concall details
Concall details Usha Martin Ltd. Q1 FY26 Earnings Conference Call Time: 11:00 AM IST on Wednesday, August 13, 2025 To enable participants to connect to the conference call without having to wait for an operator, please register at the below mentioned link: Pre-registration You will receive dial in n
Slide 20: 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 of high-quality wires, low relaxation prestressed concrete steel strand (LRPC), Mr. Abhijit Paul (Chief
Slide 21: THANK YOU
THANK YOU USHA MARTIN LIMITED 2A, Shakespeare Sarani, contact@ushamartin.com Kolkata - 700 071, India www.ushamartin.com |