What we do Usha Martin Limited is a premier global manufacturer of specialty steel wires and wire ropes, serving diverse industries including infrastructure, oil, and offshore. |
Founded in 1,986 |
Market share One of the largest global wire rope manufacturers with strong presence in India and overseas markets including Europe, Middle East, and Americas. |
Problem solved Provides high-quality wire rope and wire solutions addressing infrastructure, industrial lifting, offshore, and specialized steel needs. |
Top clients or who we serve Serves B2B clients in construction, oil & offshore, automotive, infrastructure, mining, and utilities sectors globally. |
Key management Rajeev Jhawar, Managing Director; strong leadership focusing on innovation and global growth. |
Our journey and innovations Founded in 1986, evolved via acquisitions, joint ventures, and global expansions; recently launched Oceanfibre slings and Galstar zinc-coated wires. |
Where we operate Manufacturing units in India, Dubai, UK, Thailand; global distribution with exports to Europe, Middle East, Americas, and Asia-Pacific. |
Top products or what we offer Specialty steel wire ropes, wires, strands, bright bars, and low relaxation prestressed concrete steel; new high-performance lifting slings. |
Top brands Oceanfibre (HMPE slings), Galstar (Aluminium zinc-coated wire), TITAN wire rope center in Europe. |
Raw materials needed Steel wire rods, billets, pig iron, and specialty alloys. |
Raw materials supplier Sourced mainly from own steel facilities and global steel suppliers. |
Recurring vs cyclical contribution Revenue mix includes both recurring supply contracts and project-based cyclical demand. |
Our industry position Leader in specialty wire ropes with significant export business and market share in high-value segments. |
Financial highlights Consolidated revenue Rs. 3474 crore; PAT Rs. 407 crore; EBITDA margin around 19%; strong cash flow and net cash position. |
Geographical revenue split 57% exports led by Europe, Middle East, Americas; 43% domestic revenue from India. |
Order book Robust order pipeline driven by infrastructure, offshore, elevator, and industrial segments. |
Whats driving growth Infrastructure development, global demand for specialty ropes, value-added product focus, capacity expansion, and process digitalisation. |
Our future plans Expand Ranchi facility capacity, restructure European operations, increase direct exports, and enhance product innovation. |
Our green promise Environmental management ISO certified; focuses on sustainable mining and energy-efficient captive power plants. |
Our people and values Diverse global workforce dedicated to innovation, quality, and customer-centricity; employee stock option plan in place. |
Key challenges ahead Geopolitical risks, raw material volatility, regulatory challenges, and global competition. |
Interesting facts One of the few global wire rope manufacturers with integrated steel making and leading R&D facilities. |
Risks and strategy Mitigates raw material price fluctuations, supply chain risks, and project delays via cost controls, diversification, and strategic investments. |
