USHAMARTNSE3 November 2023

Usha Martin Limited has informed the Exchange about Investor Presentation

Usha Martin Limited

Date : 3

November 2023

The Manager National Stock Exchange of India Ltd th Exchange Plaza, 5 Plot No.C/1, G Block, Bandra Kurla Complex, Bandra (E) Scrip Code: USHAMART Mumbai – 400 051 [

Floor,

]

The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Scrip Code: 517146 Mumbai – 400 001 [

]

Societe de la Bourse de Luxembourg 35A Bouleverd Joseph II Scrip Code: US9173002042 L-1840, Luxembourg [

]

Dear Sirs,

Sub : Earning Presentation - Q2H1FY24

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), please find enclosed an Earning presentation for Q2 H1 FY 2023-24 of the Company on the un-audited Financial Results of the Company for the quarter and half year ended 30

September 2023.

The presentation is also being hosted on the website of the Company i.e. www.ushamartin.com

You are requested to take the same on record.

Yours sincerely, For Usha Martin Limited

Shampa Ghosh Ray Company Secretary

Encl: as above

Specialty Wire Rope Solutions Provider

Q2 & H1 FY24 Earnings Presentation

3rd November, 2023

Disclaimer

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Usha Martin Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this presentation may contains certain forward looking statements concerning the Company’s future business prospects and business profitability. Such forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that are difficult to predict. These risks and uncertainties include, but are not limited to, the Company’s ability to manage growth, the fluctuations in earnings, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, the Company’s ability to manage its international operations, Government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.

Company Overview

Leading global and India’s no.1 specialty steel wire rope solutions provider

Rich Legacy Of

~60

years

Manufacturing Facilities

Offering wide range of:

 Specialty wire ropes

 High-quality wires

 Low relaxation prestressed concrete

steel strand (LRPC)

 Bespoke end-fitments, accessories and

related services

Presence across

Continents

~3,100

Worldwide Employees

30+

Distribution Centers

Rs. 3,268 crore

Consolidated Revenue

Note: As on 31st March 2023

21.2%

Consolidated ROCE

Rs. 351crore

Consolidated PAT

We are undergoing a strategic transformation and are poised for growth

Turnaround

Consolidation

Growth

• Divestment of steel business

resulting in:

• Sharp deleveraging • Reshaped balance sheet

• Renewed focus on specialty

wire rope business • Strategic initiatives to consolidate leadership

Net debt to equity improved to 0.4x in FY20 from 4.3x in FY19

Significant earnings turnaround: PBT improved to Rs. 346 crore in FY22 from Rs. 149 crore2 in FY20

• Value accretive capex • Enhance specialty offerings across industry segments

• Increase geographical spread in

strategic markets

• Drive sustainable growth

Target to achieve topline CAGR of ~15% & Operating EBITDA margins ~18% over the next 2- 3 years

Note 1: All figures mentioned in the slide are consolidated financials

Note 2: PBT from continuing operations

Multi-faceted growth strategy continue to drive our performance

Capex initiatives focused on value-migration

Expand international market share through overseas subsidiaries

Remain financially prudent

Strong focus on digital initiatives

Our vision echoes our long-term growth agenda

To be the global leader in the wire rope industry by delivering customer delight, adopting modern technology and ensuring sustainable growth for all of its stakeholders

Q2 & H1 FY24 Results Overview

Key Financial Highlights – Consolidated Q2 & H1 FY24

Net Revenue from operations

1,579

1,599

820

814

785

Operating EBITDA

14%

18%

Margins 15%

115

146

144

232

In Rs. crore

18%

290

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Shift (%)

QoQ: 3.6% 

YoY: 4.3% 

1.3% 

Shift (%)

QoQ: 0.9% 

YoY: 25.5% 

24.8% 

12%

16%

18%

13%

PBT Margins

17%

274

10%

12%

14%

10%

PAT Margins

13%

210

100

129

144

204

101

110

161

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Shift (%)

QoQ: 11.9% 

YoY: 44.2% 

34.4% 

Shift (%)

QoQ: 8.7% 

YoY: 38.7%

30.4% 

Note 1: All figures mentioned in the slide are consolidated financials

Note 2: Operating EBITDA & EBITDA Margins calculated without other income

Note 3: PBT includes insurance claim of Rs. 10 crore and sales tax refund receivable Rs. 8 crore in Q2 FY24

Segmental revenue overview for consolidated business

Wire Rope

1,035

1,108

In Rs. crore

Wire & Strand

177

134

553

554

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Shift (%)

QoQ: 0.2%

YoY : 0.2%

7.1%

Shift (%)

QoQ: 5.5%

YoY: 24.9%

24.4%

LRPC

270

209

122

116

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Shift (%)

QoQ: 20.5%

YoY : 24.2%

22.8%

Note 1: All figures mentioned in the slide are consolidated financials

 Increase in half-yearly YoY rope sales by 7% in line with the company’s strategy to focus on value added products and increased contribution from international operations of the wire rope segment

 In Q2, LRPC volumes declined primarily due to seasonal

factors

 Segment wise contribution to overall sales H1FY24:

 Wire Rope – 69% (H1FY23 66%)  Wire & Strand – 9% (H1FY23 11%)  LRPC – 13% (H1FY23 17%)

Key Operational Highlights – Consolidated Q2 & H1 FY24

Sales Volumes1 (‘000 MT)

decline in LRPC and Wire volumes

 Decrease in overall volumes YoY, primarily due to a

 Segment wise contribution to overall volumes H1FY24:

 Wire Rope – 52% (H1FY23 47%)  Wire & Strand – 17% (H1FY23 19%)  LRPC – 31% (H1FY23 34%)

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Shift (%)

QoQ: 1.9%

YoY: 10.2% 

7.7% 

Wire Rope Sales Volumes (‘000 MT)

Wire & Strand Sales Volumes (‘000 MT)

LRPC Sales Volumes (‘000 MT)

Q2 FY23 Q1 FY24 Q2 FY24 H1 FY23 H1 FY24

Shift (%)

QoQ: 3.0%

YoY: 3.0% 

2.2%

QoQ: 11.9%

YoY: 16.8%

17.7%

QoQ: 5.1%

YoY : 16.8%

15.6%

Note 1: For all product segments Note 2: All figures mentioned in the slide are consolidated volumes

Diversified presence across geographies and segments

Revenue Segmentation for H1 FY24

End Industry1

Fishing, 3% Others, 3%

Mining, 5%

Engineering, 22%

Product

Others, 9%

Wire & Strand, 9%

LRPC, 13%

Wire Rope, 69%

Utilities, 5%

Elevator, 7%

Auto, 6%

Crane, 14%

Geography1

America, 6%

Middle East & Africa, 10%

Asia Pacific, 15%

India, 45%

Construction & Infrastructure, 14%

Oil & Offshore, 21%

Europe, 24%

 Wire rope segments contribution to overall revenues increased to 69% in H1FY24 vs. 67% in FY23

o Within Wire rope, the value-added segments (crane, oil & offshore, elevator, mining, fishing) share rose to 70% in

H1FY24 from 65% in FY23

 Share of International business stood at 55% in H1FY24 with International operations recording a Y-o-Y revenue growth of 3%

Note 1: For all product segments

Note 2: All figures mentioned in the slide are consolidated financials

Profitability indicators remain strong

ROCE (%)

ROE (%)

19.2%

21.2%

22.7%

23.8%

21.4%

20.6%

18.8%

FY22

FY23

June 23*

Sept. 23*

FY22

FY23

June 23*

Sept. 23*

Interest Coverage (x)

Fixed Asset Turnover Ratio (x)

24.4

24.0

3.2

3.4

3.3

3.2

16.0

9.2

FY22

FY23

June 23

Sept. 23

FY22

FY23

June 23^

Sept. 23^

Note 1: All figures mentioned in the slide are consolidated financials

* Annualized

^ LTM

Discussion on Financial and Operational Performance

Net Revenues

 Revenue from operations increased by 1.3% Y-o-Y in H1FY24 to Rs. 1,599.1 crore. In Q2FY24, revenues stood at Rs. 784.7 crore, registering a

4.3% Y-o-Y de-growth

o Despite a Y-o-Y decline in both sales volumes and raw material prices, revenue performance was supported by increased realizations in

wire rope segment, resulting from a sustained emphasis on value-added offerings

EBITDA

 H1FY24 Operating EBITDA stood at Rs. 290.0 crore as against Rs. 232.4 crore, increasing 24.8% on a Y-o-Y basis. In Q2FY24, Operating

EBITDA stood at Rs. 144.3 crore, increasing 25.5% on a Y-o-Y basis

 Operating EBITDA margin for the quarter was 18.4% vs. 14.0% Y-o-Y. EBITDA margins including other income stood at 21.1% in Q2FY24 as

against 14.7% in Q2FY23

o The Company’s continuing strategic focus on value-added products, in addition to its growing global footprint, has contributed to a

marked enhancement in margin performance

PBT & PAT

 H1FY24 PBT stood at Rs. 273.6 crore vs. Rs. 203.5 crore in H1FY23 registering a 34.4% Y-o-Y increase



In Q2FY24, the PBT amounted to Rs. 144.5 crore, registering a 44.2% Y-o-Y increase from Rs. 100.2 crore

 H1FY24 PAT stood at Rs. 210.3 crore as against Rs. 161.2 crore in H1FY23, registering a 30.4% Y-o-Y increase. In Q2FY24, PAT stood at Rs.

109.5 crore as against Rs. 79.0 crore, registering a 38.7% Y-o-Y increase

 Basic EPS stood Rs. 6.90 for H1FY24 as against Rs. 5.29 in H1FY23

Note 1: All figures mentioned in the slide are consolidated financials

Successfully Managing Raw-Material Volatility

Steel Price (Rs. per tonne)

65,530

63,590

64,560

59,302

58,040

59,210

55,362

57,317

Q1FY23

Q2FY23

H1 FY23

Q3FY23

Q4FY23

Q1FY24

Q2FY24

H1 FY24

25,608

22,965

24,237

25,526

EBITDA/tonne2 (Rs.)

32,063

32,227

31,178

31,698

Q1FY23

Q2FY23

H1FY23

Q3FY23

Q4FY23

Q1FY24

Q2FY24

H1FY24

Note 1: All figures mentioned in the slide are consolidated financials Note 2: EBITDA calculated without other income & excluding UM Cables

Consolidated PBT Bridge

In Rs. crore

 Sales Realizations: Despite a Y-o-Y decline in raw material prices, revenue performance was supported by increased realizations in wire rope segment. This was achieved through a sustained emphasis on value-added offerings

 Sales Volume:

In Q2 FY24, LRPC volumes witnessed a decline primarily due to heightened seasonal factors

 Consumption: Both Y-o-Y and Q-o-Q declines

were observed in wire rod consumption

Balance Sheet remains significantly de-risked

Gross Debt

355

Net Debt

In Rs. crore

347

348

191

185

322

134

FY22

FY23

June 23

Sept. 23

FY22

FY23

June 23

Sept. 23

Gross Debt to Equity (x)

Net Debt to Equity (x)

0.21

0.17

0.15

0.16

0.11

0.09

0.05

0.06

FY22

FY23

June 23

Sept. 23

FY22

FY23

June 23

Sept. 23

Note 1: All figures mentioned in the slide are consolidated financials

NWC to turnover steady through active rationalization of inventory Continuous focus on optimizing working capital to reduce cash conversion cycle

Current Ratio (x)

Net Working Capital (Rs. Crore)

2.2

2.5

2.6

874

1,028

992

1,001

FY22

FY23

June 23

Sept.23

FY22

FY23

June 23

Sept. 23

Net Working Capital to Turnover (LTM, %)

28.8%

29.1%

30.2%

30.4%

FY22

FY23

June 23

Sept. 23

Note 1: All figures mentioned in the slide are consolidated financials

The Company judiciously augmented its inventory the levels during Q2FY24 in anticipation of forthcoming demand in a relatively stronger H2

Significant improvement in Cash flows

Operating Cash Flow (OCF) before Income Tax and % to EBITDA2

345

67%

107%

311

41%

1HFY23

FY23

1HFY24

Free cash flow

121

In Rs. crore

▪ Healthy OCF generation supports Company’s capital allocation plans

▪ The OCF to EBITDA2 in H1FY24 recorded a healthy improvement, standing at 107% compared to 67% in FY23

▪ Focus on optimizing working capital continue generating healthy OCF

-3 1HFY23

FY23

1HFY24

Note 1: All figures mentioned in the slide are consolidated financials Note 2: EBITDA calculated without other income

Management Comment

Commenting on the performance Mr. Tapas Gangopadhyay, Non-Executive Director said:

“We are pleased to report a strong first half, characterized by significant operational advancements and robust growth in overall profitability. Notably, during Q2FY24, our Operating EBITDA grew by an impressive 25.5%, with our EBITDA margins showing a 4.4 pps increase to 18.4%, year-on-year basis. This remarkable margin performance can be attributed to our consistent focus on value-added products and the successful expansion of our international presence, which accounted for 55% of our H1FY24 revenue.

Mr. Tapas Gangopadhyay

Non-Executive Director

Furthermore, despite witnessing a decline in the prices of key raw materials, our wire rope realizations have consistently trended upward. The Company remains dedicated to expanding its share of value-added wire rope volumes, which will enable us to mitigate the inherent volatility in raw material prices. We have confidence that the enhanced production capabilities from our ongoing Capex program - Wave1 expected to be commissioned by end of current fiscal - will enable us to meet the increasing demand for a diverse range of value-added products, such as mining ropes, non-rotating ropes, compacted ropes, and plasticated ropes.

including current Looking ahead, we are closely monitoring the evolving macroeconomic landscape, geopolitical issues. We believe Usha Martin is well-equipped to address any business challenges, on the back of its extensive experience, strong R&D capabilities and geographical spread. In the long term, we remain optimistic about the potential of our offerings and are confident in achieving sustained growth in the years ahead."

Annexure

Abridged Consolidated P&L Statement

Revenue from Operations

Operating EBITDA

Operating EBITDA Margin (%)

Q2 FY24

Q2 FY23

784.7

144.3

18.4%

820.2

115.0

14.0%

Operating EBITDA / ton^ (Rs.)

31,178

22,965

Other Income @

EBITDA

EBITDA Margin (%)

Depreciation

Finance Costs

Share of profit(-) /loss(+) of joint ventures

PBT

PBT Margin (%)

Tax

PAT

PAT Margin (%)

Basic EPS (in Rs.)

^ Excluding UM Cables

21.3

165.6

21.1%

18.0

6.4

-3.2

144.5

18.4%

35.0

109.5

14.0%

3.59*

5.6

120.6

14.7%

16.8

7.5

-3.8

100.2

12.2%

21.2

79.0

9.6%

2.59*

Y-o-Y Change (%) -4.3%

25.5%

4.4 pps

35.8%

279.7%

37.3%

6.4 pps

7.3%

-14.8%

-15.6%

44.2%

6.2 pps

64.8%

38.7%

4.3 pps

38.7%

Q1 FY24

814.4

145.7

17.9%

32,227

3.6

149.3

18.3%

17.6

5.5

-3.0

129.1

15.9%

28.3

100.8

12.4%

3.31*

Q-o-Q Change (%) -3.6%

H1 FY24

H1 FY23

1,599.1

1,578.9

In Rs. crore

Y-o-Y Change (%) 1.3%

-0.9%

0.5 pps

-3.3%

491.7%

10.9%

2.8 pps

2.0%

15.9%

9.1%

11.9%

2.6 pps

23.3%

8.7%

1.6 pps

8.7%

290.0

18.1%

31,698

24.9

314.9

19.7%

35.6

11.9

-6.2

273.6

17.1%

63.3

210.3

13.1%

6.90*

232.4

14.7%

24,237

12.3

244.7

15.5%

33.3

14.7

-6.8

203.5

12.9%

42.3

161.2

10.2%

5.29*

24.8%

3.4 pps

30.8%

101.9%

28.7%

4.2 pps

7.0%

-18.8%

-8.5%

34.4%

4.2 pps

49.7%

30.4%

2.9 pps

30.4%

@ Includes insurance claim of Rs. 10 crore and sales tax refund receivable Rs. 8 crore in Q2 FY24 * EPS is not annualized

Abridged Standalone P&L Statement

Revenue from Operations

Operating EBITDA

Operating EBITDA Margin (%)

Q2 FY24

Q2 FY23

498.4

99.9

20.0%

518.8

68.0

13.1%

Operating EBITDA / ton (Rs.)

25,741

16,665

Other Income @

EBITDA

EBITDA Margin (%)

Depreciation

Finance Costs

PBT

PBT Margin (%)

Tax

PAT

PAT Margin (%)

Basic EPS (in Rs.)

29.5

129.4

26.0%

7.2

1.8

120.4

24.2%

29.3

91.2

18.3%

3.00*

Y-o-Y Change (%) -3.9%

46.8%

6.9 pps

54.5%

708.8%

80.5%

3.7

71.7

13.8%

12.1 pps

6.8

3.8

61.1

11.8%

16.0

45.1

8.7%

1.48*

5.5%

-52.4%

97.2%

12.4 pps

83.0%

102.2%

9.6 pps

102.9%

Q1 FY24

500.6

91.1

18.2%

24,084

17.3

108.4

21.7%

7.0

1.2

100.2

20.0%

21.8

78.4

15.7%

2.57*

Q-o-Q Change (%) -0.4%

9.6%

1.8 pps

6.9%

71.0%

19.4%

4.3 pps

2.9%

48.0%

20.2%

4.1 pps

34.2%

16.3%

2.6 pps

16.8%

H1 FY24

H1 FY23

999.0

191.0

19.1%

24,923

46.8

237.8

23.8%

14.1

3.1

220.7

22.1%

51.1

169.6

17.0%

5.57*

1,034.4

138.7

13.4%

17,286

15.1

153.9

14.9%

13.5

7.9

132.5

12.8%

33.8

98.8

9.5%

3.24*

@ Includes insurance claim of Rs. 10 cr, sales tax refund receivable Rs. 8 cr, dividend income of Rs. 9 cr in Q2 FY24 and Rs. 13 cr in Q1 FY24

* EPS is not annualized

In Rs. crore

Y-o-Y Change (%) -3.4%

37.7%

5.7 pps

44.2%

209.4%

54.6%

8.9 pps

4.8%

-61.3%

66.5%

9.3 pps

51.3%

71.7%

7.4 pps

71.7%

Key Financial Highlights – Standalone Q2 & H1 FY24

Net Revenue from operations

Domestic

Export

Operating EBITDA

13%

18%

20%

Margins 13%

519 166

353

501

177

324

498

177

321

1,034

346

688

999

354

645

100

139

In Rs. crore

19%

191

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Shift (%)

QoQ: 0.4%

YoY : 3.9%

3.4%

Shift (%)

QoQ: 9.6%

YoY: 46.8%

37.7%

12%

20%

24%

13%

22%

16%

18%

10%

17%

PBT Margins

PAT Margins

100

120

133

221

170

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Shift (%)

QoQ: 20.2%

YoY : 97.2%

66.5%

Shift (%)

QoQ: 16.3%

YoY: 102.2%

71.7%

Note 1: All figures mentioned in the slide are standalone financials

Note 2: Operating EBITDA & EBITDA Margins calculated without other income

Note 3: PBT includes insurance claim of Rs. 10 crore, sales tax refund receivable Rs. 8 crore, dividend income of Rs. 9 crore in Q2 FY24 and Rs. 13 crore in Q1 FY24

Key Operational Highlights – Standalone Q2 & H1 FY24

Sales Volumes1 (‘000 MT)

Domestic

Export

41 9 32

38 10 28

39 10 28

Q2 FY23

Q1 FY24

Q2 FY24

H1 FY23

H1 FY24

Shift (%)

QoQ: 2.5%

YoY: 4.9%

4.5%

 Decrease in overall volumes YoY, primarily due to a decline in

LRPC volumes

 Segment wise contribution to overall volumes H1FY24:

 Wire Rope – 46% (H1FY23 42%)  Wire & Strand – 18% (H1FY23 18%)  LRPC – 36% (H1FY23 41%)

Wire Rope Sales Volumes (‘000 MT)

Wire & Strand Sales Volumes (‘000 MT)

LRPC Sales Volumes (‘000 MT)

Domestic

17 8 9

17 9 8

18 9 9

Export 33

Domestic

Export

Domestic

Export

8 1 7

7 2 5

7 1 6

14 2

14 3

Q2 FY23 Q1 FY24 Q2 FY24 H1 FY23 H1 FY24

Shift (%)

QoQ: 5.6%

YoY : 6.2%

5.3%

QoQ: 10.3%

YoY: 4.6%

2.6%

QoQ: 4.8%

YoY : 16.7%

15.4%

Note 1: For all product segments Note 2: All figures mentioned in the slide are standalone volumes

Long term issuer rating at ‘IND A’ / Outlook : Positive

A+

A-

BBB+

BBB

BBB-

BB+

BB-

FY'18

FY'19

FY'20

FY'21

FY'22

FY'23

Aug'23

Current Rating

Outlook

Positive

Last Review

Aug’23

Market snapshot

Key Market Statistics

As on 30th Sept. 2023

BSE/NSE Ticker

517146 / USHAMART

CMP (Rs)

Market Cap (Rs Crore)

Number of outstanding shares (Crore)

Face Value

343.35

9,837

30.47

1.00

52-week High / Low (Rs)

373.6 / 117.7

Shareholding pattern as on 30th Sept. 2023

Public

29.5%

Corporate Bodies

11.8%

FPI

11.9%

Promoters

46.8%

Concall details

Usha Martin Ltd. Q2 & H1FY2024 Earnings Conference Call

Date & Time: November 6, 2023 at 3.30 PM IST

To enable participants to connect to the conference call without having to wait for an operator, please register at the below mentioned link:

Pre-registration

You will receive dial in numbers, passcode and a pin for the concall on the registered email address provided by you. Kindly dial into the call on the Conference Call date and use the passcode & pin to connect to call

Conference dial-in Primary Number: +91 22 6280 1141 / +91 22 7115 8042

International Toll Free Number:

Hong Kong: 800 964 448 Singapore: 800 101 2045 UK: 0 808 101 1573 USA: 1 866 746 2133

About Us:

Established in the year 1960, Usha Martin is a leading global and India’s No. 1 specialty steel wire rope solutions provider. The Company is also engaged in the manufacturing of high-quality wires, low relaxation prestressed concrete steel strand (LRPC), bespoke end-fitments, accessories and related services.

Usha Martin’s wire rope manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok and UK produce the widest range of wire ropes that find application in various industries across the world. All of the company’s facilities are equipped with the latest to manufacture world-class products.

state-of-the-art high-capacity machines

Usha Martin’s 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. The Company also has an extensive and dedicated network of distribution centers located across the globe.

Mr. Anirban Sanyal (Chief Financial Officer)

Usha Martin Limited

Tel: +033 – 71006 511 / 403

Email: investor@ushamartin.co.in

Anoop Poojari / Devrishi Singh

CDR India

Tel: +91 98330 90434/ + 91 98205 30918

Email: anoop@cdr-india.com

devrishi@cdr-india.com

Corporate Identification No: L31400WB1986PLC091621

Regd. Office: 2A, Shakespeare Sarani, Kolkata – 700 071, India

Thank You

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