Usha Martin Share Price Target 2026 to 2030

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Usha Martin Ltd is a leading Indian manufacturer of specialty steel wire ropes, wires, and strands used in mining, oil & gas, infrastructure, elevators, and renewable energy sectors. Incorporated in 1961 and headquartered in Ranchi, Jharkhand, the company is a global exporter with a strong presence in over 80 countries. It also manufactures optical fiber cables and wire-drawing machinery. With a debt-free balance sheet, industry-leading ROCE (26.8%), and consistent dividend payouts, Usha Martin has emerged as a high-quality small-cap industrial stock. This article provides a data-backed outlook on the Usha Martin share price target 2026–2030.

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Usha Martin Ltd: Company Overview

  • Founded: 1961
  • Headquarters: Ranchi, Jharkhand
  • Key Segments: Specialty Wire Ropes, Steel Wires, Strands, Optical Fiber Cables, Wire Drawing Machines
  • Global Reach: Exports to 80+ countries; key markets include Europe, the Middle East, Africa, and Southeast Asia
  • Strategic Edge: Only Indian company with end-to-end manufacturing capability in high-strength wire ropes

Usha Martin is not owned by Tata—it is a promoter-led company with the Burmah Group (M.P. Jalan family) as the controlling shareholder. The company was always named Usha Martin Ltd—there is no prior name change.

Usha Martin Ltd: Key Financial Snapshot

MetricValue
Current Share Price₹408.00
Market Capitalization₹12,439.57 Cr
No. of Shares Outstanding30.47 Cr
52-Week High / Low₹498 / ₹279
P/E Ratio (TTM)38.79
P/B Ratio7.48
EPS (TTM)₹10.52
Book Value (TTM)₹54.61
ROE21.21%
ROCE26.80%
Dividend Yield0.73%
Face Value₹1
Cash₹146.94 Cr
Total Debt₹122.94 Cr
Debt-to-Equity0.07
Sales Growth (YoY)6.11%
Profit Growth (YoY)-6.18%
Promoter Holding40.52%

Usha Martin Ltd Share Price Target Forecast (2026–2030)

YearTarget Price Range (₹)
2026₹440 – ₹500
2027₹480 – ₹560
2028₹520 – ₹630
2029₹560 – ₹700
2030₹600 – ₹780

Usha Martin Share Price Target 2026

YearShare Price Target 1Share Price Target 2
2026₹440₹500

Usha Martin reported a 6.11% sales increase but a 6.18% profit decline in FY25 due to higher input costs and one-time expenses. However, its core profitability remains strong, with ROCE at 26.8% and near-zero debt. Trading at a P/E of 38.8x—rich for an industrial stock—the valuation reflects its export moat and quality. A 2026 target of ₹440–₹500 assumes margin recovery and stable demand from mining and renewables.

Usha Martin Share Price Target 2027

YearShare Price Target 1Share Price Target 2
2027₹480₹560

The company’s wire ropes are critical for deep mining and offshore wind turbines—sectors with long-term tailwinds. If sales grow at 8–10% CAGR and margins normalize, EPS could reach ₹11.50–₹12.50 by FY27. At a P/E of 38–40x (justified by ROCE >25%), the 2027 range is ₹480–₹560.

Usha Martin Share Price Target 2028

YearShare Price Target 1Share Price Target 2
2028₹520₹630

By 2028, benefits from capacity expansion and premium product mix should reflect in earnings stability. The company’s net worth stood at ₹1,664 Cr as of FY25—up 16% YoY—indicating strong internal capital generation. A P/E of 39–42x on projected EPS (~₹12–₹14) supports the ₹520–₹630 band.

Usha Martin Share Price Target 2029

YearShare Price Target 1Share Price Target 2
2029₹560₹700

Long-term demand for high-strength wire ropes in green energy (e.g., offshore wind) and infrastructure offers structural growth. Risks include raw material volatility and global capex cycles. Using a P/E of 40–44x on FY29 EPS (~₹12.70–₹15.90), the 2029 target is ₹560–₹700.

Usha Martin Share Price Target 2030

YearShare Price Target 1Share Price Target 2
2030₹600₹780

Over a five-year horizon, Usha Martin’s value lies in its irreplaceable engineering niche—not dividends (0.73% yield). If it sustains 20%+ ROE and expands margins, a terminal P/E of 42–46x on FY30 EPS (~₹13–₹17) justifies the ₹600–₹780 range.

Usha Martin Ltd: Shareholding Pattern

CategoryHolding (%)
Promoters40.52%
Foreign Institutional Investors (FII)14.62%
Domestic Institutional Investors (DII)13.94%
Public & Retail30.93%
Others0%

Rising institutional ownership (28.6%) reflects growing confidence in governance and execution.

Usha Martin Ltd: Strengths vs Risks

Strengths:

  • Near-zero debt (D/E: 0.07) and strong operating cash flow
  • Industry-leading ROCE (26.8%) and ROE (21.21%)
  • Global client base with pricing power in specialty segments
  • Consistent dividend payer (0.73% yield; ~20% payout ratio)

Risks:

  • Rich valuation (P/E: 38.8x, P/B: 7.48x) leaves little room for error
  • Negative profit growth (-6.18%) in FY25 raises near-term concerns
  • Exposure to global mining and oil & gas cycles
  • Limited domestic market share compared to exports

Investment Suitability

FactorAssessment
Risk ProfileModerate to High
Ideal Time Horizon3–5+ years
VolatilityHigher than market average (small-cap industrial)
Dividend/Income PotentialMinimal (0.73% yield)
Best ForGrowth-oriented investors seeking global manufacturing exposure
Based on fundamentals and sector trends, the Sumitomo Chemical India share price target 2026 is ₹440–₹500. The 2026–2030 cumulative range is ₹440 to ₹780.
It was formerly known as Excel Crop Care Ltd. The company was rebranded in 2017 after full acquisition by Sumitomo Chemical Company, Japan.
Yes—for long-term portfolios seeking a high-quality, debt-free chemical stock with global reach. However, its rich valuation demands patience. Avoid lump-sum entry; consider staggered buying.
The stock fell ~29% from its 52-week high due to:
  • Profit-taking after a 2024 rally
  • Concerns over rising working capital days
  • Sector-wide correction in chemical stocks amid global rate fears
Among listed players:
  • Sumitomo Chemical India: Premium global agrochemical play (debt-free, high ROCE)
  • PI Industries: Strong domestic + export mix, better dividend yield
  • UPL: Larger scale but higher debt and governance concerns
For quality and safety, Sumitomo edges ahead despite rich valuation.
Sumitomo Chemical India did not have a public IPO. It was originally listed as Excel Crop Care Ltd in 2007 at ₹120 per share. Post-acquisition, shares were delisted and relisted under the new name via a scheme of arrangement—not a fresh IPO.
Yes. Usha Martin Ltd is listed on the BSE (500470) and NSE (USHAMART).
Yes—for long-term portfolios seeking a high-quality, export-focused industrial stock. However, its rich valuation demands patience. Avoid lump-sum entry; consider staggered buying.
It manufactures specialty steel wire ropes, wires, and strands used in mining, oil rigs, elevators, bridges, and offshore wind turbines. It also makes optical fiber cables and wire-drawing machines.
It has always been Usha Martin Ltd—no name change in its history.
No. It is promoter-owned by the Burmah Group (Jalan family). Tata has no stake in the company.

Final Verdict

Usha Martin Ltd combines engineering excellence, global scalability, and financial prudence. While its current valuation is rich, its debt-free status, high returns, and export leadership justify a premium. Our Usha Martin share price target 2026–2030 (₹440 to ₹780) reflects steady appreciation—if global demand holds and execution stays on track.

Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.

Sources

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