490.10
+2.66%
Close of 9 Nov 2026, in INR
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About Usha Martin
Its shares trade on NSE under the ticker USHAMART.NS. It has been listed since 7 October 1994. In the fiscal year to 31 March 2026, it reported revenue of ₹36.91bn and net income of ₹4.66bn. At that date it held total assets of ₹42.12bn and shareholders' equity of ₹33.02bn.
Usha Martin Ltd. engages in manufacture of wire ropes and steel. The company is headquartered in Kolkata, West Bengal. The firm is also engaged in the manufacturing of wires, low relaxation prestressed concrete steel strand (LRPC), bespoke end-fitments, accessories and related services. The firm's segments include Wire and Wire ropes, and Others. The Wire and Wire ropes segment is engaged in the manufacturing and sale of steel wires, strands, wire ropes, cord, related accessories, wire drawing and allied machine, among others. The Others segment is engaged in the manufacturing and sale of jelly filled and optical fiber telecommunication cables. The company provides various wire ropes, such as crane rope, mining rope, elevator rope, oil and offshore rope, fishing rope, general engineering rope, aerial transportation rope, structural rope, and conveyor rope. The firm's LRPC strands products include unbonded polymer coated LRPC strand, bonded polymer coated LRPC strand and compacted LRPC strand.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 7 Oct 1994
- Employees
- 3,100
- Website
- ushamartin.com ↗
Leadership
Pay as last reported
- Mr. Vijay BapnaNon-Executive Independent Chairman of the Board₹3.0m
- Mr. Abhijit PaulChief Financial Officer
- Mr. S. B. N. SharmaSenior Vice President - Plant Operations, Whole-Time Director, since 2018
- Mr. Manish JainSenior Vice President - Engineering
- Mr. Manish AgarwalCompliance Officer and Company Secretary
- Shri. Rajeev JhawarManaging Director, Executive Director, since 1998₹62.8m
- Mr. Tapas GangopadhyayNon-Executive Director₹1.0m
- Mr. Venkatachalam IyerNon-Executive Independent Director, since 2021₹3.1m
- Ms. Ramni NirulaNon-Executive Independent Director₹2.7m
- Dr. Sethurathnam RaviNon-Executive Independent Director₹3.1m
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 77
- Environment
- 97
- Social
- 99
- Governance
- 34
- Direct emissions (scope 1)
- 212,842.62 t
- Energy emissions (scope 2)
- 19,876.66 t
- Value chain emissions (scope 3)
- 185,805.02 t
- Women in the workforce
- 0.41822%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Usha Martin Ltd. manufactures wire ropes and steel in Kolkata, West Bengal.
- The company employs 3,100 full-time employees across its Wire and Wire ropes segments.
- Usha Martin offers diverse products including crane rope, mining rope, and LRPC strands.
Weaknesses
- Usha Martin Ltd. focuses on wire ropes and steel without expanding into other Materials sectors.
- The company's business segments are limited to Wire and Wire ropes and Others.
- Usha Martin's product range lacks innovation in high-tech steel applications.
Opportunities
- Usha Martin can expand into the growing Indian infrastructure sector for wire ropes.
- The Indian market for LRPC strands is increasing due to construction demands.
- Usha Martin may leverage its Kolkata headquarters for regional supply chain advantages.
Threats
- Usha Martin faces competition from other Indian Materials companies in the wire ropes market.
- The global steel market volatility impacts Usha Martin's raw material costs.
- Indian government regulations on mining and steel production could affect operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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