About -
Usha Martin is a leading global manufacturer of wire ropes. Established in 1960, the organization has grown from strength to strength to establish itself as the market leader with its multi-unit & multi-product portfolio.
Usha Martin is a leading global manufacturer of wire ropes. Established in 1960, the organization has grown from strength to strength to establish itself as the market leader with its multi-unit & multi-product portfolio.
Usha Martin’s wire rope Manufacturing Facilities in Ranchi, Hoshiarpur, Dubai, Bangkok & UK produce the widest range of wire ropes that find application in various industries across the world.
Financials -
Q2FY23 (YoY)
Revenue were at Rs.820 Cr.⬆️38%
PAT at Rs.79 Cr.⬆️37%
EBITDA at Rs.120.6 Cr.⬆️21.9%
EPS at Rs. 2.59 ⬆️37.2%
Q2FY23 (YoY)
Revenue were at Rs.820 Cr.⬆️38%
PAT at Rs.79 Cr.⬆️37%
EBITDA at Rs.120.6 Cr.⬆️21.9%
EPS at Rs. 2.59 ⬆️37.2%
Global Presence-
Usha Martin has been able to establish themselves as a global player & currently have presence in more than 50 countries.
Share of revenue from international sales
is 51%
&
Global Distribution centres including Channel Partners 15.
Usha Martin has been able to establish themselves as a global player & currently have presence in more than 50 countries.
Share of revenue from international sales
is 51%
&
Global Distribution centres including Channel Partners 15.
Research & Development -
Co has 2 comprehensive R&D
centres: one in Concesio, Italy and the
other in Ranchi, Jharkhand, India.
Co has 2 comprehensive R&D
centres: one in Concesio, Italy and the
other in Ranchi, Jharkhand, India.
Product Wise Break-Up -
Usha Martin earns (97.1%) of it's revenue from Wire and Wire Ropes & (2.9%) from Others.
Usha Martin earns (97.1%) of it's revenue from Wire and Wire Ropes & (2.9%) from Others.
Products -
▪️Wire Ropes :
The steel wire ropes manufactured by Usha Martin are today serving some of the most critical applications across diversified industrial segments globally.
▪️Wire Ropes :
The steel wire ropes manufactured by Usha Martin are today serving some of the most critical applications across diversified industrial segments globally.
The wire ropes undergo stringent quality testing designed to increase productivity & ensure utmost safety with the highest quality standards.
▪️High Precision Wire :
High Precision Wires manufactured by Usha Martin includes Spring Wire, CO2 Welding Wire, Auto Spoke Wire, Brush Wire, Needle Wire, Cycle Spoke Wire, etc.
High Precision Wires manufactured by Usha Martin includes Spring Wire, CO2 Welding Wire, Auto Spoke Wire, Brush Wire, Needle Wire, Cycle Spoke Wire, etc.
▪️LRPC Strands :
Usha Martin, one of the most preferred LRPC Strands Manufacturers and Suppliers, offers strands of all available sizes and grades that can be polymer sheathed and galvanized in conformance to major national and international specifications.
Usha Martin, one of the most preferred LRPC Strands Manufacturers and Suppliers, offers strands of all available sizes and grades that can be polymer sheathed and galvanized in conformance to major national and international specifications.
▪️Prestressing Solutions :
Usha ISMAL serves various heavy civil engineering construction applications like bridges, elevated structures, metros, flyovers, silos, nuclear reactors, very high capacity water tanks in deserts, dams, rock & ground anchoring, etc. across the globe.
Usha ISMAL serves various heavy civil engineering construction applications like bridges, elevated structures, metros, flyovers, silos, nuclear reactors, very high capacity water tanks in deserts, dams, rock & ground anchoring, etc. across the globe.
▪️Optical Fiber Cables :
UM Cables is a dedicated manufacturer and exporter of high-quality optical fiber cable, telecommunication cable, Fiber Reinforced Plastic Rod (FRP) & Impregnated Glass Fiber Roving.
UM Cables is a dedicated manufacturer and exporter of high-quality optical fiber cable, telecommunication cable, Fiber Reinforced Plastic Rod (FRP) & Impregnated Glass Fiber Roving.
It produces various types of cables, including Optical Fiber cables, Aerial Cables, Micro ducts, Hybrid category cables, FTTH/Drop Cables, Jelly Filled Copper cables, Aerial Copper cables, Duct Copper cables, etc.
▪️Industrial Machines:
Usha Martin’s Machinery division manufactures a wide range of industrial machines including Wire Drawing machines, Stranding machines, Wire Rope Closing machines, Steel Plant Equipment, Copper Coating lines for CO2 Welding Wire etc.
Usha Martin’s Machinery division manufactures a wide range of industrial machines including Wire Drawing machines, Stranding machines, Wire Rope Closing machines, Steel Plant Equipment, Copper Coating lines for CO2 Welding Wire etc.
Business Outlook -
Usha Martin, post divestment of Steel Business Undertaking, has improved with renewed vigor with its focus on capability building, debottlenecking of constraints & increase in productivity of key products to remain agile and competitive.
Usha Martin, post divestment of Steel Business Undertaking, has improved with renewed vigor with its focus on capability building, debottlenecking of constraints & increase in productivity of key products to remain agile and competitive.
There is focused effort for planned capability building by adding new machines for producing high end ropes & value-added products.
Opportunities -
• Leveraging higher plant productivity resulting from refurbishment of machines to increase market share in products with supply constraints so far.
• Increasing activity in Oil and Offshore markets globally to boost demand for specialty products.
• Leveraging higher plant productivity resulting from refurbishment of machines to increase market share in products with supply constraints so far.
• Increasing activity in Oil and Offshore markets globally to boost demand for specialty products.
• Supply disruptions of wire ropes from Russia and Ukraine, may push up demand and increase consumption prices in Europe.
Risks -
• Challenges in recovery of increased input and freight costs.
• Increased freight will force the Company to its competitive edge in many geographical segments.
• Challenges in recovery of increased input and freight costs.
• Increased freight will force the Company to its competitive edge in many geographical segments.
Fundamentals -
Market Cap : ₹ 5,790 Cr
P/E (Stock): 19
P/E (Industry): 10.31
P/B : 3.29
Debt to equity : 0.18
ROE : 25.74%
ROCE : 27.15%
EV/EBITDA : 14.61
Market Cap : ₹ 5,790 Cr
P/E (Stock): 19
P/E (Industry): 10.31
P/B : 3.29
Debt to equity : 0.18
ROE : 25.74%
ROCE : 27.15%
EV/EBITDA : 14.61
Conclusion -
Usha Martin remains confident of making
deeper inroads into international markets with high contributory products.
Usha Martin remains confident of making
deeper inroads into international markets with high contributory products.
It is also expected that with steady infrastructure spending by the Indian Govt, specialty products used in construction & infrastructural sector may become one of the key growth drivers for the Company.
Please 🙏 like 👍,comment, retweet ♻️ if you find this 🧵 useful.
And follow us on @LnprCapital for more information like this.
@nid_rockz @VVVStockAnalyst @Jagadeesh0203 @shubhfin
And follow us on @LnprCapital for more information like this.
@nid_rockz @VVVStockAnalyst @Jagadeesh0203 @shubhfin
https://twitter.com/LnprCapital/status/1610149573300981760?t=TP0JDT-EzQFTUkj9kaaz8Q&s=19
• • •
Missing some Tweet in this thread? You can try to
force a refresh
