Usha Martin Share Price Prediction 2027: Scenario Targets, Valuation and Technical Outlook
- October 9, 2026
- Posted by: Neeraj Pandey
- Category: Market
CMP Rs 501.55 (9 Oct 2026). 52W range Rs 380.00 to Rs 542.60. PE 30.26. 2027 base Rs 569, bull Rs 574.
Quick Answer
The Usha Martin share price forecast for 2027 centres on a conservative case of Rs 564, a base case of Rs 569 and a bull case of Rs 574, against a current price of Rs 501.55. These targets scale today’s price by reported EPS growth at a constant PE multiple, so they rest on earnings the company has already delivered, not on broker forecasts. The base case implies 13.4% upside from today’s price. The daily technical setup reads neutral.
Usha Martin share price prediction 2027 comes down to earnings growth and the multiple investors pay for it, and the reported numbers give a measured answer. The stock trades at Rs 501.55 on NSE as of 9 October 2026, 7.6% below its 52-week high of Rs 542.60, after the company reported net profit of Rs 491.20 crore for FY26.
This Usha Martin stock forecast 2027 builds conservative, base and bull scenarios from exchange-reported financials, shareholding data and daily price indicators, with every assumption shown.
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Usha Martin Share Price Today and Key Data
The Usha Martin share price today is Rs 501.55 on NSE, down 0.48% on the day. The market capitalisation stands at Rs 15,353 crore. Over the past year the price has risen 4.1% from Rs 481.60. Every Usha Martin stock forecast figure below starts from this price.
| Metric | Value |
|---|---|
| Company | Usha Martin (USHAMART) |
| Current Price | Rs 501.55 |
| 52-Week High | Rs 542.60 (21 September 2026) |
| 52-Week Low | Rs 380.00 (23 March 2026) |
| Market Cap | Rs 15,353 crore |
| PE Ratio | 30.26 |
| Industry PE | 22.91 |
| PB Ratio | 4.65 |
| EPS (TTM) | Rs 16.65 |
| Return on Equity | 14.11% |
| Debt to Equity | 0.07 |
| Dividend Yield | 0.75% |
| Book Value per Share | Rs 108.35 |
What Is the Usha Martin Share Price Prediction for 2027?
The Usha Martin share price prediction for 2027 is a conservative case of Rs 564, a base case of Rs 569 and a bull case of Rs 574. Against Rs 501.55, these imply 12.5% upside, 13.4% upside and 14.4% upside. They are model scenarios built from reported EPS growth, not broker targets.
| Scenario | EPS Growth Basis | EPS Estimate | PE Multiple | Implied Value | Upside vs Current Price |
|---|---|---|---|---|---|
| Conservative Case | Lower of FY26 growth (14.4%) and 4-year CAGR (12.5%) | Rs 18.72 (+12.5%) | Unchanged from today (price to EPS ratio kept constant) | Rs 564 | +12.5% |
| Base Case | Average of the two | Rs 18.88 (+13.4%) | Unchanged from today (price to EPS ratio kept constant) | Rs 569 | +13.4% |
| Bull Case | Higher of the two | Rs 19.04 (+14.4%) | Unchanged from today (price to EPS ratio kept constant) | Rs 574 | +14.4% |
Each target takes today’s price of Rs 501.55 and scales it by the EPS growth assumed for that case, which is the same as holding the PE multiple constant. The conservative case uses the lower of the FY26 EPS growth and the 4-year EPS CAGR, the base case uses their average and the bull case uses the higher figure. Together they form the Usha Martin target price range for the FY27 outlook over the next 12 months, and the range is not a point estimate.
Usha Martin Share Price Forecast: What Has to Go Right by 2027
Each Usha Martin target price below depends on a specific EPS outcome, and the text states that outcome next to the number.
Conservative Case for the Usha Martin Share Price Target: Rs 564
Reaching Rs 564 needs EPS to rise 12.5% to Rs 18.72 while the stock keeps its current PE multiple. That follows the slower 4-year EPS CAGR of 12.5%.
Base Case for the Usha Martin Share Price Target: Rs 569
Reaching Rs 569 needs EPS to rise 13.4% to Rs 18.88, the average of the FY26 growth rate and the 4-year CAGR. Net profit growth of 40.9% in Q1 FY27 is at or above that pace, which supports the target.
Bull Case for the Usha Martin Share Price Target: Rs 574
Reaching Rs 574 needs EPS to rise 14.4% to Rs 19.04 with the PE multiple held at today’s level. That is above the 52-week high of Rs 542.60, so it would need a fresh breakout. A daily close above the nearest resistance level of Rs 503.53 (50-day SMA) would be the first technical confirmation.
Usha Martin Financial Performance: Revenue, Profit and Margins
Usha Martin earned net profit of Rs 491.20 crore on revenue of Rs 3,759.94 crore in FY26, with profit up 20.9% and revenue up 7.0% compared with FY25. Diluted EPS was Rs 15.29 against Rs 13.37 a year earlier, and that earnings base anchors the Usha Martin share price forecast.
| Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Operating Margin | Net Margin |
|---|---|---|---|---|---|
| FY22 | 2,723.31 | 291.43 | 9.56 | 17.06% | 10.70% |
| FY23 | 3,295.82 | 350.60 | 11.51 | 16.93% | 10.64% |
| FY24 | 3,265.48 | 424.12 | 13.92 | 20.19% | 12.99% |
| FY25 | 3,513.55 | 406.32 | 13.37 | 18.83% | 11.56% |
| FY26 | 3,759.94 | 491.20 | 15.29 | 20.34% | 13.06% |
In the latest reported quarter, Q1 FY27 (quarter ended June 2026), revenue was Rs 1,041.56 crore against Rs 902.65 crore a year earlier (+15.4%), and the bottom line was a net profit of Rs 142.04 crore against a net profit of Rs 100.81 crore (+40.9%). Operating margin was 21.45% versus 18.55% in the year-ago quarter. Cash flow from operations was Rs 655.34 crore in FY26 against Rs 421.76 crore in FY25. Together these figures set the earnings base for the Usha Martin share price prediction.
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Is Usha Martin Overvalued or Undervalued Right Now?
Usha Martin trades at a PE of 30.26 against an industry PE of 22.91, which places the stock at a 32.1% premium to the industry average. The price-to-book ratio is 4.65 on a book value of Rs 108.35 per share. Return on equity of 14.11% means the company earns Rs 14.11 of profit for every Rs 100 of shareholder equity.
Debt to equity is 0.07, so borrowings equal about 7% of shareholder equity. The company declared a dividend of Rs 3.75 per share for FY26, a yield of 0.75% at the current price. This valuation context frames the Usha Martin stock price prediction for 2027 without relying on any outside forecast.
Usha Martin Stock Analysis: Technical Outlook
Usha Martin stock trades below its 50-day SMA of Rs 503.53 and above its 200-day EMA of Rs 470.61, and the combined daily indicators read neutral. The 52-week high of Rs 542.60 was set on 21 September 2026, while the 52-week low of Rs 380.00 came on 23 March 2026.
| Indicator | Reading | Signal |
|---|---|---|
| RSI (14) | 47.89 | Neutral |
| MACD (12,26,9) | 1.53 vs signal 2.44 | Bearish |
| ADX (14) | 15.44 | Weak trend |
| Supertrend (10,3) | Price above Rs 482.86 | Bullish |
| 50-day SMA | Rs 503.53 | Price below |
| 200-day EMA | Rs 470.61 | Price above |
The nearest support level sits at Rs 482.86 (Supertrend) and Rs 470.61 (200-day EMA). The nearest resistance level sits at Rs 503.53 (50-day SMA) and Rs 542.60 (52-week high). A sustained move above the nearest resistance would support the Usha Martin share price prediction 2027 base case, and this Usha Martin stock analysis uses daily candles only.
Usha Martin Shareholding Pattern
Promoters hold 40.28% of Usha Martin as of Jun 2026, down from 42.45% in Jun 2025 across the last 5 quarters. FII holding is 15.10% (up from 14.29% in Jun 2025) and DII holding is 15.26% (up from 11.06% in Jun 2025), which puts combined institutional holding at 30.36%. Public shareholders own 29.36%. Shareholding data is one input for any Usha Martin stock forecast.
Key Risks to the Usha Martin Share Price Target for 2027
Earnings and Margin Risk
Operating margin has ranged from 16.93% to 20.34% between FY22 and FY26, so a slip toward the lower end would trim the EPS estimate behind the Usha Martin stock forecast. Revenue was up 7.0% in FY26, and slower revenue growth would weigh on the profit path.
Valuation Risk
The PE of 30.26 is 32.1% above the industry PE of 22.91. Every target here holds the multiple constant, so a narrowing of that premium would leave returns below these targets even if earnings grow as assumed.
Size and Liquidity Risk
Market capitalisation stands at Rs 15,353 crore. Investors should check daily traded volumes and order book depth on NSE before sizing a position, because price moves can be sharper when volumes thin out. Liquidity is a practical constraint on any Usha Martin stock price target.
Balance Sheet Risk
Debt to equity of 0.07 means borrowings stand at about 7% of shareholder equity. A rise in borrowing costs or a jump in debt would weigh on profit and on the multiple behind the Usha Martin share price forecast.
Conclusion
This Usha Martin stock analysis puts the share price target range for 2027 at Rs 564 to Rs 574, with a base case of Rs 569 against Rs 501.55 today. The inputs are a PE of 30.26 that sits at a 32.1% premium to the industry average, EPS growth of 14.4% in FY26 and a daily technical setup that reads neutral. The next quarterly result will show which scenario is gaining ground. This analysis is educational, so consult a SEBI-registered advisor before acting on it.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Usha Martin Share Price Prediction 2027
What is the Usha Martin share price target for 2027?
Ans. The Usha Martin share price forecast for 2027 has a conservative case of Rs 564, a base case of Rs 569 and a bull case of Rs 574. These are model scenarios based on reported EPS growth, and they are not guaranteed outcomes.
What is the Usha Martin share price today?
Ans. Usha Martin trades at Rs 501.55 on NSE as of 9 October 2026, down 0.48% on the day. The 52-week range is Rs 380.00 to Rs 542.60.
Is Usha Martin a good stock to buy for 2027?
Ans. The data points in different directions: the PE of 30.26 is at a 32.1% premium to the industry average, EPS grew 14.4% in FY26 and the daily technical setup reads neutral. This article does not constitute investment advice, so consult a SEBI-registered advisor before deciding.
Can Usha Martin stock reach Rs 574 in 2027?
Ans. Reaching Rs 574 needs EPS to rise 14.4% from Rs 16.65 with the PE multiple held at today’s level, plus a daily close above Rs 503.53 (50-day SMA). This is a scenario, not a guarantee.
What are the support and resistance levels for Usha Martin?
Ans. The nearest support levels are Rs 482.86 (Supertrend) and Rs 470.61 (200-day EMA), and the nearest resistance levels are Rs 503.53 (50-day SMA) and Rs 542.60 (52-week high).
What are the main risks for Usha Martin stock in 2027?
Ans. The main risks to the Usha Martin share price forecast are a fall in operating margin from the 16.93% to 20.34% range seen since FY22, slower revenue growth after FY26 revenue was up 7.0%, and thin trading volumes. Debt to equity of 0.07 adds balance sheet sensitivity.
How is the Usha Martin target price for 2027 calculated?
Ans. Each target scales the current price by assumed EPS growth at a constant PE multiple. The conservative case uses 12.5% growth, the base case 13.4% and the bull case 14.4%, all drawn from the company’s reported FY26 and 4-year EPS growth.
