{"id":231743,"date":"2026-09-04T14:22:57","date_gmt":"2026-09-04T08:52:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=231743"},"modified":"2026-09-04T14:23:00","modified_gmt":"2026-09-04T08:53:00","slug":"is-usha-martin-a-good-buy-after-q1-fy27-results","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/","title":{"rendered":"Is Usha Martin a Good Buy After Its Q1 FY27 Results?"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Usha Martin share price around Rs 519. 1.7% below 52-week high of Rs 528. Q1 FY27 revenue Rs 1,042 crore, up 15.4% YoY. PAT Rs 142 crore, up 40.9%. PE 31x.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">Usha Martin&#8217;s Q1 FY27 results were strong, with revenue at Rs 1,042 crore and PAT climbing 41% to Rs 142 crore. The stock trades at a PE of 31x against an industry average near 24x, so some of this good news is already priced in. The Usha Martin share price near Rs 519 reflects that optimism, so investors weighing whether Usha Martin is a good buy today should focus on whether this pace of growth can be sustained rather than just this quarter&#8217;s print.<\/p>\n<\/div>\n<p>The Usha Martin share price has been under the spotlight this results season after the company reported its first-quarter numbers for FY27. Usha Martin is a specialty steel wire rope manufacturer serving mining, infrastructure and industrial sectors, and its Q1 FY27 print, for the quarter ended June 30, 2026, gives investors a fresh data point to test whether the stock still deserves a place in a portfolio at current levels.<\/p>\n<p>Revenue for the quarter came in at Rs 1,042 crore, up 15.4% year on year, while profit after tax came in at Rs 142 crore, up 40.9% from a year earlier. That combination of numbers is exactly what this article breaks down, along with what it means for the Usha Martin share price from here.<\/p>\n<p>This piece works through the quarter&#8217;s financial highlights, the business factors behind the numbers, where the Usha Martin share price stands against its 52-week range and valuation multiples, and the key risks worth watching before treating this as a buy, hold or a stock to avoid for now.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=usha-martin_q1fy27\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Usha_Martin_Q1_FY27_Financial_Highlights\" title=\"Usha Martin Q1 FY27 Financial Highlights\">Usha Martin Q1 FY27 Financial Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Usha_Martin_Q1_FY27_Performance_Analysis\" title=\"Usha Martin Q1 FY27 Performance Analysis\">Usha Martin Q1 FY27 Performance Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Key_Business_Factors_in_Q1_FY27\" title=\"Key Business Factors in Q1 FY27\">Key Business Factors in Q1 FY27<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Revenue_Trend\" title=\"Revenue Trend\">Revenue Trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Margin_Movement\" title=\"Margin Movement\">Margin Movement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Balance_Sheet_Position\" title=\"Balance Sheet Position\">Balance Sheet Position<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Valuation_Context\" title=\"Valuation Context\">Valuation Context<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Dividend_Details\" title=\"Dividend Details\">Dividend Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Usha_Martin_Share_Price_Outlook_for_FY27\" title=\"Usha Martin Share Price Outlook for FY27\">Usha Martin Share Price Outlook for FY27<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Usha_Martin_Stock_Performance\" title=\"Usha Martin Stock Performance\">Usha Martin Stock Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Key_Risks\" title=\"Key Risks\">Key Risks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Valuation_Risk\" title=\"Valuation Risk\">Valuation Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Sector_and_Demand_Risk\" title=\"Sector and Demand Risk\">Sector and Demand Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Execution_Risk\" title=\"Execution Risk\">Execution Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Frequently_Asked_Questions_on_Usha_Martin_Q1_FY27_Results\" title=\"Frequently Asked Questions on Usha Martin Q1 FY27 Results\">Frequently Asked Questions on Usha Martin Q1 FY27 Results<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#What_were_Usha_Martins_Q1_FY27_results\" title=\"What were Usha Martin&#8217;s Q1 FY27 results?\">What were Usha Martin&#8217;s Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Is_Usha_Martin_a_good_buy_after_its_Q1_FY27_results\" title=\"Is Usha Martin a good buy after its Q1 FY27 results?\">Is Usha Martin a good buy after its Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#What_is_the_Usha_Martin_share_price_today\" title=\"What is the Usha Martin share price today?\">What is the Usha Martin share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#What_is_Usha_Martins_revenue_and_profit_for_Q1_FY27\" title=\"What is Usha Martin&#8217;s revenue and profit for Q1 FY27?\">What is Usha Martin&#8217;s revenue and profit for Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#Did_Usha_Martin_declare_a_dividend_with_its_Q1_FY27_results\" title=\"Did Usha Martin declare a dividend with its Q1 FY27 results?\">Did Usha Martin declare a dividend with its Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#What_is_Usha_Martins_PE_ratio_and_is_it_expensive\" title=\"What is Usha Martin&#8217;s PE ratio and is it expensive?\">What is Usha Martin&#8217;s PE ratio and is it expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#What_are_the_key_risks_for_Usha_Martin_investors_right_now\" title=\"What are the key risks for Usha Martin investors right now?\">What are the key risks for Usha Martin investors right now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/is-usha-martin-a-good-buy-after-q1-fy27-results\/#What_is_Usha_Martins_promoter_shareholding\" title=\"What is Usha Martin&#8217;s promoter shareholding?\">What is Usha Martin&#8217;s promoter shareholding?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Usha_Martin_Q1_FY27_Financial_Highlights\"><\/span><strong>Usha Martin Q1 FY27 Financial Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse;\">\n<thead>\n<tr style=\"background: #F0F0F0;\">\n<th style=\"border: 1px solid #BBBBBB; padding: 8px;\">Metric<\/th>\n<th style=\"border: 1px solid #BBBBBB; padding: 8px;\">Q1 FY27<\/th>\n<th style=\"border: 1px solid #BBBBBB; padding: 8px;\">Q1 FY26<\/th>\n<th style=\"border: 1px solid #BBBBBB; padding: 8px;\">YoY Change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Revenue<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Rs 1,042 crore<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Rs 903 crore<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">15.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">EBITDA<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Rs 217 crore<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Rs 160 crore<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">35.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Operating Margin<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">21.4%<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">18.6%<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">NA<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Profit Before Tax<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Rs 184 crore<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Rs 130 crore<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">42.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Net Profit \/ (Loss)<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Rs 142 crore<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">Rs 101 crore<\/td>\n<td style=\"border: 1px solid #BBBBBB; padding: 8px;\">40.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Usha_Martin_Q1_FY27_Performance_Analysis\"><\/span><strong>Usha Martin Q1 FY27 Performance Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Usha Martin Fundamentals on Univest Screener<\/strong><\/a><\/p>\n<p>Revenue growth of 15.4% for the quarter came from steady demand across the company&#8217;s core business, keeping the topline trend intact for the specialty steel wire ropes manufacturing sector.<\/p>\n<p>The bigger story is on profitability. PAT grew 41% to Rs 142 crore, comfortably ahead of revenue growth, which points to margin expansion or a favourable base effect. This is the kind of quarter that supports the premium the Usha Martin share price already commands, though investors should check whether the growth is repeatable or was helped by one-off factors.<\/p>\n<p>On a sequential basis, revenue moved up 3.5% sequentially from Rs 1,006 crore in the March 2026 quarter and net profit moved down 4.0% sequentially from Rs 148 crore in the prior quarter, giving a fuller picture of the trend behind the Usha Martin share price than the year on year comparison alone.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Business_Factors_in_Q1_FY27\"><\/span><strong>Key Business Factors in Q1 FY27<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Revenue_Trend\"><\/span><strong>Revenue Trend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Usha Martin&#8217;s revenue grew 15.4% year on year this quarter, taking the quarterly base to Rs 1,042 crore in a specialty steel wire ropes manufacturing business that remains sensitive to demand and pricing cycles that ultimately feed through to the Usha Martin share price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margin_Movement\"><\/span><strong>Margin Movement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>EBITDA rose 35.3% to Rs 217 crore, and operating margin moved to 21.4% from 18.6% a year earlier, a sign that cost control or pricing held up during the quarter.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_Position\"><\/span><strong>Balance Sheet Position<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Usha Martin carries a low debt-to-equity ratio of 0.07, giving it a conservative balance sheet heading into the rest of FY27.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Context\"><\/span><strong>Valuation Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades at a PE of 31.0x against an industry average of 23.9x, a premium that this quarter&#8217;s results will need to justify going forward.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dividend_Details\"><\/span><strong>Dividend Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>No interim dividend was declared alongside Usha Martin&#8217;s Q1 FY27 results. The stock currently carries a trailing dividend yield of 0.73%, based on dividends paid over the last year. Investors tracking the Usha Martin share price for income should watch the company&#8217;s announcements around its next annual results for any dividend decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Usha_Martin_Share_Price_Outlook_for_FY27\"><\/span><strong>Usha Martin Share Price Outlook for FY27<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Q1 FY27 print sets a reasonably high bar for the rest of the year. If Usha Martin can sustain this pace of revenue and profit growth, the current valuation gets easier to justify. The main swing factor is whether this quarter&#8217;s momentum reflects a durable trend or a favourable one-off, something the next two quarters should clarify.<\/p>\n<p>For the Usha Martin share price to hold its current premium through FY27, the company will likely need to keep posting growth at or near this quarter&#8217;s pace, since any slowdown would put pressure on a stock priced for continued strength.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Usha_Martin_Stock_Performance\"><\/span><strong>Usha Martin Stock Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Usha Martin&#8217;s live share price and get daily stock updates.<\/em><\/p>\n<p>The Usha Martin share price was trading around Rs 519 as results season played out in late August 2026, roughly 1.7% below its 52-week high of Rs 528 and well above its 52-week low of Rs 374. Promoter holding stood at 40.3% as of the June 2026 quarter.<\/p>\n<p>The Usha Martin share price has room to re-rate further if the growth shown this quarter continues, though much of the good news may already be reflected in the stock near current levels. On profitability ratios, the company reports a return on equity of 14.11% and a book value of around Rs 108 per share, both useful reference points when judging whether the current price is reasonable.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks\"><\/span><strong>Key Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Risk\"><\/span><strong>Valuation Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At 31.0x earnings against an industry average of 23.9x, the stock leaves little room for disappointment if growth slows.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Sector_and_Demand_Risk\"><\/span><strong>Sector and Demand Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As a specialty steel wire ropes manufacturing business, Usha Martin&#8217;s results remain tied to sector-specific demand, pricing and regulatory cycles that can shift from quarter to quarter and move the Usha Martin share price well before the next result.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Execution_Risk\"><\/span><strong>Execution Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Sustaining this quarter&#8217;s trend into the rest of FY27 depends on management execution on costs, pricing and demand, none of which are guaranteed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Usha Martin&#8217;s Q1 FY27 results were genuinely strong, with revenue at Rs 1,042 crore and PAT up 41% to Rs 142 crore. That said, at a PE of 31.0x, the Usha Martin share price is not inexpensive, so this looks like a quality business trading at a full price rather than a bargain. Existing investors have little to worry about from this print, while new investors asking whether Usha Martin is a good buy should weigh the strong quarter against the valuation before adding at current levels. The Usha Martin share price remains the number to track heading into the next quarterly update.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Usha_Martin_Q1_FY27_Results\"><\/span><strong>Frequently Asked Questions on Usha Martin Q1 FY27 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Usha_Martins_Q1_FY27_results\"><\/span><strong>What were Usha Martin&#8217;s Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Usha Martin reported Q1 FY27 revenue of Rs 1,042 crore, up 15.4% year on year, and PAT of Rs 142 crore, up 40.9% year on year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Usha_Martin_a_good_buy_after_its_Q1_FY27_results\"><\/span><strong>Is Usha Martin a good buy after its Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Usha Martin&#8217;s core numbers improved this quarter, though at a PE of 31.0x the stock is not inexpensive, so this suits investors comfortable paying up for quality. Investors should form their own view based on their own risk appetite and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Usha_Martin_share_price_today\"><\/span><strong>What is the Usha Martin share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Usha Martin share price was trading around Rs 519 in late August 2026, about 1.7% below its 52-week high of Rs 528 and well above its 52-week low of Rs 374.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Usha_Martins_revenue_and_profit_for_Q1_FY27\"><\/span><strong>What is Usha Martin&#8217;s revenue and profit for Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Usha Martin reported revenue of Rs 1,042 crore and a net profit of Rs 142 crore for the quarter ended June 30, 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Did_Usha_Martin_declare_a_dividend_with_its_Q1_FY27_results\"><\/span><strong>Did Usha Martin declare a dividend with its Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No interim dividend was declared alongside Usha Martin&#8217;s Q1 FY27 results. Investors should track the company&#8217;s next annual results for any dividend announcement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Usha_Martins_PE_ratio_and_is_it_expensive\"><\/span><strong>What is Usha Martin&#8217;s PE ratio and is it expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Usha Martin share price trades at a trailing PE of 31.0x, against an industry average of 23.9x. Investors should compare this with the company&#8217;s growth rate before judging value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_for_Usha_Martin_investors_right_now\"><\/span><strong>What are the key risks for Usha Martin investors right now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At 31.0x earnings against an industry average of 23.9x, the stock leaves little room for disappointment if growth slows. Sustaining this quarter&#8217;s trend into the rest of FY27 depends on management execution on costs, pricing and demand, none of which are guaranteed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Usha_Martins_promoter_shareholding\"><\/span><strong>What is Usha Martin&#8217;s promoter shareholding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoter holding in Usha Martin stood at 40.3% as of the June 2026 quarter.<\/p>\n<div class=\"faq-schema\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Usha Martin Q1 FY27: revenue Rs 1,042 crore, PAT Rs 142 crore. Full results breakdown and whether the stock is a buy at current levels.<\/p>\n","protected":false},"author":36,"featured_media":231742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[3802],"class_list":["post-231743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["231742"],"_edit_lock":["1788511982:36"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["24"],"rank_math_seo_score":["75"],"rank_math_title":["Usha Martin Share Price: Is It a Good Buy After Q1 FY27 Results?"],"rank_math_description":["Usha Martin share price in focus after Q1 FY27 results: PAT up 41% to Rs 142 crore, revenue at Rs 1,042 crore. 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