Usha Martin Limited
Usha Martin Limited, together with its subsidiaries, manufactures and sells steel wires, strands, wire ropes, and cord related accessories in India and internationally. The company offers wire ropes, including crane, mining, elevator, oil and offshore, fishing, general engineering, aerial transportation, structural, and forestry ropes, as well as conveyor cord. It also provides spring, welding, f… Read more
Usha Martin Limited (USHAMART) - Net Assets
Latest net assets as of September 2025: ₹29.65 Billion INR
Based on the latest financial reports, Usha Martin Limited (USHAMART) has net assets worth ₹29.65 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹38.54 Billion) and total liabilities (₹8.89 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹29.65 Billion |
| % of Total Assets | 76.94% |
| Annual Growth Rate | 9.74% |
| 5-Year Change | 95.56% |
| 10-Year Change | 96.62% |
| Growth Volatility | 22.06 |
Usha Martin Limited - Net Assets Trend (2005–2025)
This chart illustrates how Usha Martin Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Usha Martin Limited (2005–2025)
The table below shows the annual net assets of Usha Martin Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹27.52 Billion | +15.43% |
| 2024-03-31 | ₹23.84 Billion | +17.14% |
| 2023-03-31 | ₹20.35 Billion | +19.90% |
| 2022-03-31 | ₹16.97 Billion | +20.63% |
| 2021-03-31 | ₹14.07 Billion | +11.21% |
| 2020-03-31 | ₹12.65 Billion | +55.36% |
| 2019-03-31 | ₹8.14 Billion | +7.06% |
| 2018-03-31 | ₹7.61 Billion | -22.28% |
| 2017-03-31 | ₹9.79 Billion | -30.06% |
| 2016-03-31 | ₹14.00 Billion | -21.84% |
| 2015-03-31 | ₹17.90 Billion | -11.95% |
| 2014-03-31 | ₹20.33 Billion | +3.84% |
| 2013-03-31 | ₹19.58 Billion | +5.75% |
| 2012-03-31 | ₹18.52 Billion | +2.77% |
| 2011-03-31 | ₹18.02 Billion | +5.76% |
| 2010-03-31 | ₹17.04 Billion | +47.77% |
| 2009-03-31 | ₹11.53 Billion | +17.56% |
| 2008-03-31 | ₹9.81 Billion | +24.40% |
| 2007-03-31 | ₹7.88 Billion | +26.98% |
| 2006-03-31 | ₹6.21 Billion | +44.75% |
| 2005-03-31 | ₹4.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Usha Martin Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1791290000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹17.91 Billion | 65.09% |
| Common Stock | ₹305.20 Million | 1.11% |
| Other Comprehensive Income | ₹7.91 Billion | 28.73% |
| Other Components | ₹1.40 Billion | 5.07% |
| Total Equity | ₹27.52 Billion | 100.00% |
Usha Martin Limited Competitors by Market Cap
The table below lists competitors of Usha Martin Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bangkok Life Assurance Public Company Limited
OTCGREY:BGLAF
|
$651.37 Million |
|
Yihai International Holding Ltd
PINK:YNNHF
|
$651.78 Million |
|
GB Group plc
PINK:GBGPF
|
$652.02 Million |
|
BUSINESS FIRST BANCSH.DL1
F:828
|
$652.09 Million |
|
Arendals Fossekompani ASA
OL:AFK
|
$651.20 Million |
|
Inspur Software Co Ltd
SHG:600756
|
$651.06 Million |
|
AICHI STEEL CORP.
F:8T2
|
$650.94 Million |
|
Cobram Estate Olives Ltd
AU:CBO
|
$650.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Usha Martin Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,796,700,000 to 27,518,800,000, a change of 3,722,100,000 (15.6%).
- Net income of 4,073,900,000 contributed positively to equity growth.
- Dividend payments of 838,000,000 reduced retained earnings.
- Share repurchases of 65,200,000 reduced equity.
- Other comprehensive income increased equity by 5,947,900,001.
- Other factors decreased equity by 5,396,500,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹4.07 Billion | +14.8% |
| Dividends Paid | ₹838.00 Million | -3.05% |
| Share Repurchases | ₹65.20 Million | -0.24% |
| Other Comprehensive Income | ₹5.95 Billion | +21.61% |
| Other Changes | ₹-5.40 Billion | -19.61% |
| Total Change | ₹- | 15.64% |
Book Value vs Market Value Analysis
This analysis compares Usha Martin Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.42x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.51x to 4.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹113.76 | ₹399.50 | x |
| 2006-03-31 | ₹150.88 | ₹399.50 | x |
| 2007-03-31 | ₹171.32 | ₹399.50 | x |
| 2008-03-31 | ₹38.51 | ₹399.50 | x |
| 2009-03-31 | ₹45.41 | ₹399.50 | x |
| 2010-03-31 | ₹64.69 | ₹399.50 | x |
| 2011-03-31 | ₹58.55 | ₹399.50 | x |
| 2012-03-31 | ₹60.06 | ₹399.50 | x |
| 2013-03-31 | ₹63.51 | ₹399.50 | x |
| 2014-03-31 | ₹65.72 | ₹399.50 | x |
| 2015-03-31 | ₹57.72 | ₹399.50 | x |
| 2016-03-31 | ₹44.80 | ₹399.50 | x |
| 2017-03-31 | ₹31.01 | ₹399.50 | x |
| 2018-03-31 | ₹23.86 | ₹399.50 | x |
| 2019-03-31 | ₹25.66 | ₹399.50 | x |
| 2020-03-31 | ₹40.28 | ₹399.50 | x |
| 2021-03-31 | ₹46.06 | ₹399.50 | x |
| 2022-03-31 | ₹55.58 | ₹399.50 | x |
| 2023-03-31 | ₹66.64 | ₹399.50 | x |
| 2024-03-31 | ₹78.09 | ₹399.50 | x |
| 2025-03-31 | ₹90.31 | ₹399.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Usha Martin Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.80%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.73%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.36x
- Recent ROE (14.80%) is above the historical average (4.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 11.96% | 3.25% | 0.73x | 5.06x | ₹82.55 Million |
| 2006 | 14.00% | 4.74% | 0.84x | 3.53x | ₹243.98 Million |
| 2007 | 17.87% | 7.06% | 0.79x | 3.22x | ₹611.32 Million |
| 2008 | 18.21% | 7.64% | 0.69x | 3.45x | ₹795.62 Million |
| 2009 | 16.58% | 6.39% | 0.72x | 3.63x | ₹747.28 Million |
| 2010 | 10.16% | 6.82% | 0.53x | 2.80x | ₹27.66 Million |
| 2011 | 7.85% | 4.60% | 0.55x | 3.10x | ₹-384.00 Million |
| 2012 | 0.36% | 0.20% | 0.50x | 3.66x | ₹-1.76 Billion |
| 2013 | 4.07% | 2.18% | 0.46x | 4.05x | ₹-1.15 Billion |
| 2014 | -12.64% | -5.55% | 0.53x | 4.32x | ₹-4.53 Billion |
| 2015 | -14.39% | -5.55% | 0.55x | 4.72x | ₹-4.29 Billion |
| 2016 | -31.48% | -10.45% | 0.53x | 5.70x | ₹-5.66 Billion |
| 2017 | -37.98% | -9.25% | 0.50x | 8.19x | ₹-4.53 Billion |
| 2018 | -37.31% | -13.02% | 0.28x | 10.25x | ₹-3.44 Billion |
| 2019 | 6.14% | 1.93% | 0.35x | 8.97x | ₹-302.21 Million |
| 2020 | 34.12% | 19.45% | 0.84x | 2.09x | ₹2.96 Billion |
| 2021 | 10.66% | 7.13% | 0.81x | 1.86x | ₹92.40 Million |
| 2022 | 17.20% | 10.84% | 0.98x | 1.62x | ₹1.22 Billion |
| 2023 | 17.24% | 10.71% | 1.06x | 1.52x | ₹1.47 Billion |
| 2024 | 17.82% | 13.15% | 0.97x | 1.40x | ₹1.86 Billion |
| 2025 | 14.80% | 11.73% | 0.93x | 1.36x | ₹1.32 Billion |
Industry Comparison
This section compares Usha Martin Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,077,213,375
- Average return on equity (ROE) among peers: 17.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Usha Martin Limited (USHAMART) | ₹29.65 Billion | 11.96% | 0.30x | $651.30 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $-100.86 Million | 0.00% | 0.00x | $722.48K |
| APL Apollo Tubes Limited (APLAPOLLO) | $24.64 Billion | 25.12% | 0.81x | $4.04 Billion |
| Ashoka Metcast Limited (ASHOKAMET) | $23.00K | 60.87% | 7947.74x | $1.75 Million |
| Bansal Wire Industries Ltd (BANSALWIRE) | $2.83 Billion | 21.21% | 1.65x | $84.98 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.45 Billion | 17.08% | 3.51x | $8.02 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $1.38 Billion | 0.97% | 2.02x | $61.29 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.96 Billion | 0.00% | 0.00x | $31.33 Million |
| Gallantt Ispat Limited (GALLANTT) | $1.10 Billion | 27.96% | 1.96x | $327.71 Million |
| Grand Foundry Limited (GFSTEELS) | $-57.50 Million | 0.00% | 0.00x | $1.30 Million |
| Goodluck India Limited (GOODLUCK) | $490.54 Million | 25.50% | 2.98x | $163.26 Million |