Usha Martin Ltd
Usha Martin Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Usha Martin Ltd. Usha Martin targets a 10%-12% volume growth driven by a mix of volume increase and focus on higher value-added specialized ropes (Page 12).
From Usha Martin Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Usha Martin Ltd. targets volume growth of 10% to 12% annually over the next 2-3 years, driven by capacity expansions and new customer approvals.
- The company aims to achieve 6% to 7% CAGR volume growth, with potential to exceed this due to low market share in key international markets like the U.S. and Europe.
- Revenue growth is expected to be supported by expanding value-added and specialized product segments such as elevator ropes, crane ropes, and plasticated LRPC.
- A capex plan of around INR 300 crore over the next 2 years will increase wire rope capacity by approximately 6,000 tons and expand specialized wire and plasticated LRPC capacity.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Usha Martin Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Planned capex of close to INR 300 crore over the next 2 years.
- Approximately 70-75% of this capex to increase manufacturing capacity for elevator ropes by about 6,000 tons.
- The remaining 25-30% allocated to augment capacity of specialized wires and plasticated LRPC, including new equipment and testing facilities.
- Current plasticated LRPC capacity is around 6,000 tons per annum; plans to expand capacity further to 8,000-9,000 tons in steps as demand scales.
- Evaluating selective inorganic growth opportunities to expand global presence, especially in value-added and rigging segments.
2 more points management made on capital expenditure plans
Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Usha Martin Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Usha Martin Ltd. has a fairly healthy order book for specialized projects.
- The company generally does not disclose specific volumes or quantifies the order book.
- There is good visibility for higher value-added products and specialized ropes, especially for the first half (H1) of the financial year.
- 85% of the business is through the replacement market supported by a strong dealer network and subsidiaries.
- The company is confident about the rope demand for at least the next 6 months.
2 more points management made on order book & pipeline
Usha Martin Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹979 Cr, net profit ₹148 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Usha Martin's management said in earlier quarters
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Frequently Asked Questions
What were Usha Martin Ltd Q4 FY26 results?
Usha Martin Ltd. Usha Martin targets a 10%-12% volume growth driven by a mix of volume increase and focus on higher value-added specialized ropes (Page 12).
What is Usha Martin Ltd share price analysis?
Usha Martin Ltd currently shows a neutral. The stock trades at a P/E of 29.1 with a market cap of ₹15,854 Cr. Investors should review the full earnings analysis for detailed insights.
Is Usha Martin Ltd planning capital expenditure?
Planned capex of close to INR 300 crore over the next 2 years.
Keep Usha Martin Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.