Usha Martin is one of the world’s leading manufacturer of wire rope. Established in the year 1960, today Usha Martin is a multi-unit and multi-product organization. The wire rope manufacturing facilities located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK produce one of the widest range of wire ropes in the world. The infrastructural facilities are equipped with the latest state-of-the-art high capacity machines to manufacture world-class products. Our Global R&D center located in Italy, is actively engaged in designing of wire ropes and uses proprietary design software to develop products that are the best in class. Usha Martin also has a comprehensive R&D facility in their manufacturing unit at Ranchi in India.
Long standing application in diverse sectors like Oil & Offshore, Mining, Crane, Elevator, Infrastructure etc. is the testimony of our expertise in manufacturing high quality wire rope products. As a business entity, we have always focussed on delivering value added products and services to our customers. To ensure that our commitment to quality percolates through every sphere of our operations, we have built a robust network of capabilities spread across the globe. Our distribution centers are located in the UK, North America, South America, Netherlands, Australia, Russia, Singapore, South Africa, Indonesia, Vietnam, China, Kazakhstan and Iran. Usha Martin’s facility at Ranchi is one of the world’s largest wire rope manufacturing facility under one roof.
Deleveraged: Usha Martin recently sold its one million tonne integrated steel plant at Jamshedpur to Tata Steel for around ₹4,200-4,600 crore. And used a vast portion to pay of Debt.
Infrastructure Push: The govt. huge budget push will help Usha martin steel rope business used in construction Equipment to pick up demand.
Current Valuation: It is currently trading at 10-12x PE multiple. And would be lower if consider FY23E.
I think, there is good value in the stock. I would request, the forum members to please present there thoughts and contribute in thread.