Usha Martin (USHAMART)

FairStock Score: 65/100 — STEADY

Score breakdown: P/E: 1/3 · ROCE: 1/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Let me put on my Graham-Buffett lens. Usha Martin at ₹487.95, market cap ₹14,853 Cr, is not a cigar butt. It earns good returns: ROE 15.23%, ROCE 18.75%, and debt/equity only 0.07. That combination suggests capital discipline and a balance sheet that can weather steel cycles. Piotroski 8/9 and Altman Z 4.30 support financial strength; FCF ₹203 Cr is real cash. Latest quarter sales ₹917 Cr and net profit ₹108 Cr show profitability, while sales growth 16.40% and profit growth 40.80% are impressive. But a Buffett buyer asks about moat and price. As an iron & steel products maker, the moat is likely narrow, not wide; commodity cycles can cap pricing power. The five-year revenue CAGR of 10.03% is steady, not explosive, and FairStock 65/100 calls it STEADY. Valuation is the rub: P/E 27.93, P/B 4.50, EV/EBITDA 36.12. Graham Number ₹167.14 and DCF intrinsic value ₹355.61 are far below ₹487.95; margin of safety is -150.32%. In other words, the market already pays for much of the improvement. Dividend yield 0.77% and promoter holding 40.52% are supportive but not enough to offset that premium. At 52W range ₹380-542, the stock is closer to the top than bottom. I like the balance sheet, returns, and cash flow. I do not like paying above my estimate of intrinsic value. So this is a good business to monitor, not a bargain to buy today.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer