Usha Martin Limited — Investor Meet, 08-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Usha Martin closed FY26 with consolidated revenue of INR 3,691 Cr and operating EBITDA of INR 705 Cr (19.1% margin), marking a shift to a net cash position of INR 332 Cr. Q4 saw strong performance with INR 979 Cr revenue and INR 212 Cr operating EBITDA (21.6% margin), driven by international rope business and high-performance segments despite Middle East challenges.

Management projects 10-12% volume growth for FY27, focusing on value-added ropes (oil & offshore, elevators, cranes, mining) and scaling new verticals like plasticated LRPC. Expects to sustain 20%+ margins through product mix and cost efficiencies from the 'One Usha Martin' program. Plans INR 300 Cr capex over two years for capacity expansion in ropes and specialized wires, alongside exploring inorganic growth. The company demonstrates resilience and a strong foundation for future expansion.