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USHAMART - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.2

Last Updated Time : 04 May 26, 11:42 am

Fundamental Rating: 4.2

Stock Code USHAMART Market Cap 13,768 Cr. Current Price 452 ₹ High / Low 498 ₹
Stock P/E 35.2 Book Value 58.7 ₹ Dividend Yield 0.66 % ROCE 30.0 %
ROE 23.5 % Face Value 1.00 ₹ DMA 50 429 ₹ DMA 200 413 ₹
Chg in FII Hold 0.15 % Chg in DII Hold 0.70 % PAT Qtr 138 Cr. PAT Prev Qtr 84.0 Cr.
RSI 59.0 MACD 11.1 Volume 26,51,500 Avg Vol 1Wk 19,29,562
Low price 281 ₹ High price 498 ₹ PEG Ratio 1.58 Debt to equity 0.00
52w Index 78.9 % Qtr Profit Var 76.8 % EPS 11.6 ₹ Industry PE 22.1

📊 Financials: USHAMART shows strong profitability with ROCE at 30% and ROE at 23.5%. Debt-to-equity is 0.00, reflecting a debt-free balance sheet. EPS of ₹11.6 supports earnings strength, while quarterly PAT surged 76.8% (₹138 Cr vs ₹84 Cr), indicating robust growth momentum. Cash flow stability is implied by consistent profit expansion.

💹 Valuation: Current P/E of 35.2 is above industry average (22.1), suggesting premium valuation. PEG ratio of 1.58 indicates growth is reasonably priced compared to earnings. P/B ratio (~7.7) is elevated but supported by strong return metrics. Dividend yield of 0.66% is modest.

🏢 Business Model & Advantage: USHAMART operates in industrial equipment and engineering solutions, benefiting from strong demand cycles, diversified product portfolio, and institutional support. Competitive advantage lies in high operating efficiency and consistent profit growth.

📈 Entry Zone: Attractive entry near ₹420–₹435 (close to DMA 200 and support levels). Current price (₹452) is slightly above fair entry, with resistance at ₹498.

Long-Term Holding: Suitable for 3–5 year horizon given strong fundamentals, debt-free structure, and earnings momentum. Partial profit booking advised near ₹490–₹498 resistance if valuations remain stretched.


Positive

  • High ROCE (30%) and ROE (23.5%)
  • Debt-free balance sheet
  • Strong quarterly profit growth (76.8%)
  • Institutional support (FII +0.15%, DII +0.70%)

Limitation

  • Premium valuation (P/E 35.2 vs industry 22.1)
  • Elevated P/B ratio (~7.7)
  • Modest dividend yield (0.66%)

Company Negative News

  • No major negatives reported; valuation premium is the main concern.

Company Positive News

  • Strong quarterly earnings growth and rising institutional interest.

Industry

  • Industrial equipment sector supported by infrastructure and manufacturing demand.
  • Industry PE at 22.1, reflecting moderate valuations compared to USHAMART’s premium.

Conclusion

USHAMART is fundamentally strong with excellent return metrics, debt-free structure, and robust profit growth. While valuations are at a premium, the company’s growth momentum supports long-term holding. Ideal entry is closer to ₹420–₹435, with profit booking advised near ₹490–₹498 resistance levels.

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