USHAMART · Materials · 2026-08-21

Usha Martin Ltd

4.8WatchWeak -7.6Stage 2 · wk 16In scan: Pullback Hunter · Prop Scan · Breakout WatchMARKET: BULL RISING · 2026-08-21
₹481.3
-2.90% today
₹14,651 Cr · Mid cap
About this companyMaterials· Iron & Steel
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Usha Martin Limited, together with its subsidiaries, manufactures and sells steel wires, strands, wire ropes, and cord related accessories in India and internationally. The company offers wire ropes, including crane, mining, elevator, oil and offshore, fishing, general engineering, aerial transportation, structural, and forestry ropes, as well as conveyor cord. It also provides spring, welding, fencing, ACSR, needle, mesh, fishhook, CHQ, spoke, and brush wires; LRPC strands comprising compacted, indented, un-bonded polymer coated, bonded polymer LRPC strands; and wire drawing and related machines. In addition, the company offers pre-tensioning, and post-tensioning solutions; pre-stressing solutions; anchorage accessories and equipment, hydraulic jacks, powerpacks, and grout pumps and agitators; and pre-stressing machines and accessories, as well as installation services. Further, it provides optical fiber, aerial cables, micro ducts, hybrid category, FTTH/drop, aerial copper, duct copper, and jelly filled copper cables. The company was formerly known as Usha Beltron Limited and changed its name to Usha Martin Limited in May 2003. The company was founded in 1960 and is based in Kolkata, India.

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P/E (TTM)
35.6
Forward 22.3
Earnings Growth (YoY)
+45.8%
Revenue +9.3%
ROE
+16.2%
Profit margin +12.6%
Dividend Yield
0.62%
P/B 4.7
vs 52W High
-7.5%
₹354.2 lo₹520.3 hi
7.5% below 52W high — pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 16
1w13w26w
Week 16 — proven structure, sweet spot
How long this stock has been in Stage 2. The sweet spot is typically 13–26 weeks — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
5.8%
200 DMA: ₹455 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
1.02x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
→
MA20 flat · -0.1% vs MA50 +1.4%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
Sector
Materials
↑ Building
Stage 2%
39.3%
20d Δ
+8.0pp
1M return
+2.7%
3M return
+1.4%
Sector Stage-2 % · last 20 days
This stock ranks #41 of 158 Stage 2 stocks in Materials by RS.
Industry
Iron & Steel
↓ Peaking
Stage 2%
39.4%
20d Δ
-2.0pp
1M return
+3.8%
3M return
+2.0%
Industry Stage-2 % · last 20 days
Ranks #15 of 28 Stage 2 stocks in this industry.
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-29 → 2026-08-21
S2 21w
S2 17w
S4 16w
S2 20w
S3 15w
S2 16w
2023-05-292026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 21w → S3 12w → S2 13w → S1 1w → S2 17w → S3 8w → S2 12w → S3 4w → S4 16w → S1 2w → S4 3w → S1 5w → S2 20w → S3 15w → S4 2w → S1 1w → S2 16w current
Total tracked: 167 weeks across 17 stage runs.
1M
-3.0%
3M
+3.3%
6M
+16.0%
YTD
+6.8%
1Y
+38.4%
Scan Membership
Pullback Hunter
Latest: 2026-07-08
Prop Scan
Latest: 2026-07-08
Breakout Watch
Latest: 2026-04-29
44 appearances in last 60 days. First seen: 2024-01-23.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-21S2
Wk 16 · Vol —x
2026-08-20S2
Wk 16 · Vol —x
2026-08-19S2
Wk 16 · Vol —x
2026-08-18S2
Wk 16 · Vol —x
2026-08-17S2
Wk 16 · Vol —x
2026-08-14S2
Wk 15 · Vol —x
2026-08-13S2
Wk 15 · Vol —x
2026-08-12S2
Wk 15 · Vol —x
2026-08-11S2
Wk 15 · Vol —x
2026-08-10S2
Wk 15 · Vol —x
2026-08-07S2
Wk 14 · Vol —x
2026-08-06S2
Wk 14 · Vol —x
Sector Peers — Stage 2All →
COMSYN
wk 10 · -1.2% from hi
9.6
GULFPETRO
wk 9 · -0.5% from hi
9.6
MMP
wk 11 · -1.1% from hi
9.4
SIGIND
wk 2 · -1.4% from hi
9.2
SBCL
wk 15 · -10.1% from hi
9.0
Moving averages & range
50 DMA
₹498.3
200 DMA
₹455
52W High
₹520.3
52W Low
₹354.2
5D Low
₹481.3
Resistance levels (recent highs)
20d High
₹520.3
60d High
₹520.3
120d High
₹520.3
250d High
₹520.3
Next resistance
+8.1%
to 20d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.