Usha Martin Limited — PPTs, 30-04-2026: Investor Presentation

Usha Martin closed FY26 strong, with full-year consolidated revenue up 6.2% to Rs 3,691 Cr and Operating EBITDA jumping 18.1% to Rs 705 Cr, pushing margins to 19.1%. PAT grew 20.9% to Rs 491 Cr. Q4 saw revenue climb 9.3% YoY to Rs 979 Cr, Operating EBITDA surge 51.6% to Rs 212 Cr (21.6% margin), and PAT soar 53.7% to Rs 155 Cr.

Growth was primarily driven by a richer product mix, especially increased high-performance rope sales (Wire Rope segment revenue up 14.8% YoY in Q4, Wire segment up 31.2% YoY), coupled with rigorous cost discipline. The company successfully transitioned from a net debt of Rs 63 Cr in FY25 to a net cash position of Rs 332 Cr in FY26. Strong operating cash flow of Rs 736 Cr (104% EBITDA conversion) generated Rs 457 Cr in free cash flow (2.5x FY25), fully funding Rs 198 Cr capex for capacity and capability enhancements. ROCE improved to 20.6%.

Management acknowledged the challenging external environment but highlighted the resilience of their global operating model. They anticipate sustained demand for specialty products and continued growth, leveraging a robust balance sheet and established customer base.