Usha Martin Limited · NSE:USHAMART

Usha Martin — Q4 FY25 Earnings Presentation

23 slides from Usha Martin's earnings presentation, May 12, 2025

  1. Slide 1: Q4 & FY25 Results Earnings Presentation

    Q4 & FY25 RESULTS Earnings Presentation May 12, 2025 |

  2. Slide 2: 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

  3. Slide 3: Key financial highlights – Consolidated Q4 & FY25

    In Rs. crore Key financial highlights – Consolidated Q4 & FY25 NET REVENUE FROM OPERATIONS OPERATING EBITDA MARGINS 3,474 18.3% 16.6% 15.6% 18.6% 17.2% 3,225 599 598 829 861 896 152 143 140 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Shift (%) QoQ: 4.1%  YoY: 8.1%  7.7%  Sh

  4. Slide 4: Revenue breakdown by segment

    In Rs. crore Revenue breakdown by segment WIRE ROPE WIRE & STRAND 2,487 328 2,277 274 607 616 615 87 90 66 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Shift (%) QoQ: 0.2% YoY : 1.3%  YoY: 9.3%  Shift (%) QoQ: 2.9%  YoY: 36.5%  19.7%  LRPC ▪ The Wire & Strand segment reg

  5. Slide 5: Diversified presence across geographies and segments

    Diversified presence across geographies and segments Revenue Segmentation for FY25 PRODUCT SEGMENTATION END INDUSTRY SEGMENTATION1 GEOGRAPHY SEGMENTATION Others, 8% Others, 3% America, 7% Fishing, 3% Mining, 5% Middle East & Africa, 9% Wire & Strand, 9% Engineering, 23% Utilities, 3% Elevator, 8% Asi

  6. Slide 6: Successfully managing raw-material volatility

    Successfully managing raw-material volatility STEEL PRICE (RS. PER TONNE) 61,691 56,317 55,392 55,402 54,906 53,952 54,097 51,913 FY22 FY23 FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY25 EBITDA/TONNE2 (RS.) 32,299 32,628 32,253 29,946 28,302 26,473 26,917 19,624 FY22 FY23 FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY2

  7. Slide 7: Profitability indicators remain healthy

    Profitability indicators remain healthy ROCE 2 (%) ROE (%) 20.8% 22.5% 22.8% 19.3% 18.8% 18.8% 19.2% 15.8% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 INTEREST COVERAGE (X) FIXED ASSET TURNOVER (X) 3.4 23.2 3.2 2.7 2.5 18.8 16.0 9.2 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Note 1: All figures mentioned in

  8. Slide 8: Balance sheet remains significantly de-risked

    In Rs. crore Balance sheet remains significantly de-risked GROSS DEBT NET DEBT 355 347 338 292 191 185 124 63 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 GROSS DEBT TO EQUITY (X) NET DEBT TO EQUITY (X) 0.21 0.11 0.17 0.09 0.12 0.12 0.05 0.02 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 • Despite undertaking R

  9. Slide 9: Net working capital to turnover remains steady

    Net working capital to turnover remains steady CURRENT RATIO (X) NET WORKING CAPITAL (RS. CRORE) 1,199 2.9 2.8 1,028 1,089 2.5 874 2.2 Mar-22 Mar-23 Mar-24 Mar-25 Mar-22 Mar-23 Mar-24 Mar-25 NET WORKING CAPITAL 2 (DAYS) NET WORKING CAPITAL TO TURNOVER (LTM, %) 32.8% 32.9% 28.8% 29.1% 198 199 158 164

  10. Slide 10: Healthy cash flows despite capex spend of Rs. 245 crore

    In Rs. crore Healthy cash flows despite capex spend of Rs. 245 crore OPERATING CASH FLOW (OCF) BEFORE INCOME TAX AND % TO EBITDA 94% 91% 67% 561 541 38% 345 • Centralised systems and tighter execution unlocked ~Rs. 141 crore in cash flows from international operations in H2 FY25 146 • The Company regi

  11. 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 Aug'24 ▪ India Ratings and Research Pvt. Ltd. recently upgraded Usha Martin Ltd.’s long-term issuer rating from ‘IND Current Rating A+ A/Positive' to 'IND A+/Stable’ Outlook Sta

  12. Slide 12: Management comment

    Management comment Commenting on the performance Mr. Rajeev Jhawar, Managing Director said: “FY25 ended on a steady note, with revenue at Rs. 3,474 crore, registering an 7.7% year-on- year growth, led by a 9.5% increase in sales volumes. We remain focused on operational Mr. Rajeev Jhawar efficiency

  13. Slide 13: Annexure

    ANNEXURE Q4 FY25 Earnings Presentation | 13

  14. Slide 14: Abridged Consolidated P&L statement

    In Rs. crore Abridged Consolidated P&L statement Y-o-Y Change Q-o-Q Change Y-o-Y Change Q4 FY25 Q4 FY24 Q3 FY25 FY25 FY24 (%) (%) (%) Revenue from Operations 896.1 829.0 8.1% 860.5 4.1% 3,474.2 3,225.2 7.7% Operating EBITDA 139.6 151.5 -7.9% 142.7 -2.2% 597.1 598.6 -0.3% Operating EBITDA Margin (%)

  15. Slide 15: Abridged Standalone P&L statement

    In Rs. crore Abridged Standalone P&L statement Y-o-Y Change Q-o-Q Change Y-o-Y Change Q4 FY25 Q4 FY24 Q3 FY25 FY25 FY24 (%) (%) (%) Revenue from Operations 544.2 515.1 5.6% 565.3 -3.7% 2,171.1 2,046.1 6.1% Operating EBITDA 99.9 97.0 3.1% 114.9 -13.0% 421.9 400.2 5.4% Operating EBITDA Margin (%) 18.4

  16. Slide 16: Key operational highlights – Consolidated Q4 & FY25

    Key operational highlights – Consolidated Q4 & FY25 Figure in (‘000 MT) SALES VOLUMES1 ▪ Increase in overall volumes YoY, primarily due to an increase in Wire Rope and Wire & Strand volumes 181 198 ▪ Segment wise contribution to overall volumes FY25: ▪ Wire Rope - 52% (FY24: 52%) 47 50 52 ▪ Wire & S

  17. Slide 17: Key operational highlights – Standalone Q4 & FY25

    Key operational highlights – Standalone Q4 & FY25 Figure in (‘000 MT) SALES VOLUMES1 Domestic Export ▪ Increase in overall volumes YoY, primarily due to an increase in Wire Rope and Wire & Strand volumes 157 170 41 ▪ Segment wise contribution to overall volumes FY25: 42 ▪ Wire Rope - 47% (FY24: 47%)

  18. Slide 18: Key financial highlights – Standalone Q4 & FY25

    In Rs. crore Key financial highlights – Standalone Q4 & FY25 NET REVENUES FROM OPERATIONS OPERATING EBITDA MARGINS Domestic Export 18.8% 20.3% 18.4% 19.6% 19.4% 2,046 2,171 400 422 717 732 515 565 544 1,454 97 115 100 1,314 184 191 172 331 374 372 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3 FY25 Q4

  19. Slide 19: 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 Approved Manufacturer of DGMS Approval A

  20. Slide 20: Market snapshot

    Market snapshot As on Key Market Statistics st SHAREHOLDING PATTERN AS ON 31st MARCH 2025 31 March , 2025 Public including BSE/NSE Ticker 517146 / USHAMART Employee Welfare Trust, 23% CMP (Rs.) 336.65 Promoters, 43% Market Cap (Rs. In Crore) 10,259.13 Number of outstanding shares (Crore) 30.47 Corpo

  21. Slide 21: Concall details

    Concall details Usha Martin Ltd. Q4 & FY25 Earnings Conference Call Time: 2:00 PM IST on Tuesday, May 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 numbe

  22. Slide 22: Contact us

    Contact us About Us: Mr. Abhijit Paul (Chief Financial Officer) / Established in the year 1960, Usha Martin is a leading global and India’s No. 1 specialty Mr. Anil Kumar (Secretary to CFO) steel wire rope solutions provider. The Company is also engaged in the manufacturing of high-quality wires, lo

  23. Slide 23: Thank you

    THANK YOU USHA MARTIN LIMITED 2A, Shakespeare Sarani, contact@ushamartin.com Kolkata - 700 071, India www.ushamartin.com |

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