Usha Martin has released its November 2025 investor presentation, showcasing its position as a leading global specialty steel wire rope solutions provider. The presentation highlights the company’s financial performance, strategic transformations, competitive advantages, and commitment to ESG principles. Key initiatives include the ‘One Usha Martin’ program aimed at unifying global operations and enhancing efficiency. The document emphasizes future growth strategies and the company’s robust financial health.
Company Overview
Usha Martin is a leading global and India’s No. 1 specialty steel wire rope solutions provider. As of March 31, 2025, the company reported consolidated revenue of ₹3,474 Cr and consolidated PAT of ₹406 Cr. The EBITDA per tonne stands at approximately ₹30,000, with a ROCE of 19.3%. The company has a rich legacy of approximately 65 years, operates in 6 continents, and employs approximately 3,100 individuals worldwide.
Competitive Strengths
Usha Martin holds a competitive edge due to its established brand value over 60 years, a comprehensive product portfolio across diverse critical applications, and a global ‘close-to-consumer’ footprint. Its robust R&D and innovation capabilities, coupled with a strong financial position, further enhance its market leadership.
Strategic Transformation
Usha Martin’s strategic transformation involves several phases. From FY19 to FY21, the focus was on deleveraging and steel divestment. Between FY22 and FY25, the company concentrated on high-value specialty wire rope business and initiated the ‘One Usha Martin’ program. Looking ahead to FY26 and beyond, the strategy includes value-accretive capex, broadening the specialty portfolio, and increasing geographical reach.
Financial Performance
The company has demonstrated strong financial performance. Revenue for FY25 reached ₹3,225 crore, with delivery volumes of 181,000 MT. EBITDA for FY25 stood at ₹598 crore, with a margin of 17.2%. Net debt has been strategically managed, contributing to a healthy balance sheet. Sales volumes for wire rope in FY25 reached 94,000 MT, and for wire & strand, 41,000 MT.
ESG Initiatives
Usha Martin is committed to Environmental, Social, and Governance (ESG) principles. Key focus areas include climate stewardship, sustainable product design, employee retention, and ethical business practices. The company is actively engaged in reducing its environmental footprint and promoting a safe and inclusive work environment.
Global Footprint
Usha Martin has a significant global presence with manufacturing facilities in multiple countries, including India, the UK, and Thailand. Distribution centers are strategically located across the globe, ensuring proximity to key markets. The company also operates R&D centers focused on innovation and product development.
Source: BSE