Usha Martin (USHAMART) | News Based Sentiment Analysis

• On September 20, 2025, Usha Martin reported a 7.4% year-over-year increase in revenue to ₹887.2 crore for Q1FY26, but operating EBITDA decreased by 6.1% to ₹144.6 crore and PBT declined by 3.8% to ₹129.6 crore. Despite these declines, the company remains net debt-free and is progressing with its capacity expansion in Ranchi, suggesting a long-term focus on growth.
• Promoter confidence remained strong throughout September, with Rajeev Jhawar acquiring 10,000 shares on September 22, 2025, increasing his stake to 2,835,000 shares (0.93%). Earlier in the month, on February 19, 2025, Stuti Jhawar acquired 12,000 shares, bringing her total to 1,287,000 shares (0.42%), as disclosed on September 22, 2025.
• Analysts continued to express a positive outlook, with Sumeet Bagadia recommending a buy on September 24, 2025, at ₹443.5 with a stop-loss of ₹428 and a target price of ₹475. Rajesh Palviya of Axis Securities also issued a buy recommendation on September 28, 2025, with a price range of ₹433-424 and a target of ₹479-491, citing a breakout above a Rounded Bottom pattern.
• Usha Martin’s stock reached a new 52-week high of ₹452.5 on September 23, 2025, after rising 2.29% to ₹441.85. The stock was also noted among those reaching new 52-week highs on September 26, 2025, trading at ₹448.90 (0.0%).
• The company received a 'Strong Buy' recommendation from Bazaartrend on September 24, 2025, with a long-term stop-loss of ₹352.85 and a short-term stop-loss of ₹380.41, while the stock closed at ₹445.95.
• As of September 24, 2025, Usha Martin’s stock price was ₹442.00 (down 0.15%), demonstrating a strong 25.62% return over the past year and a substantial 250.38% increase over three years. The company also maintains healthy financial metrics with an ROE of 15.54% and a debt-to-EBITDA ratio of 0.63.
• On September 26, 2025, Usha Martin announced the closure of its trading window for designated persons, starting October 1, 2025, until 48 hours after the Q3FY26 financial results are declared, demonstrating a commitment to regulatory compliance.

The Investment Story: September was a month of mixed signals for Usha Martin, with strong promoter activity and positive analyst ratings offset by a slight dip in Q1FY26 profitability despite revenue growth. The company continues to invest in future capacity while maintaining a strong balance sheet.

What It Means for Investors: The continued confidence from promoters and analysts suggests potential for future growth, but investors should carefully consider the recent decline in EBITDA and PBT. The stock's strong historical performance and healthy financial metrics provide a solid foundation, but monitoring future earnings is crucial.

Looking Ahead: Investors should watch for the Q3FY26 financial results and monitor the progress of the Ranchi capacity expansion. The trading window closure indicates upcoming financial disclosures, which will be key to assessing the company's performance.

The Bottom Line: Usha Martin presents a compelling, albeit slightly complex, investment opportunity. The combination of promoter confidence, positive analyst sentiment, and a strong track record is encouraging, but investors should remain vigilant about profitability trends and valuation.