Usha Martin Balance Sheet
- Market cap
- ₹15,836 crore
- P/E
- 31.2
- P/B
- 4.80
- ROE
- 15.4%
- Dividend yield
- 0.72%
As of Mar 2022, Usha Martin had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 188.09% from Mar 2023.
Usha Martin balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 30.54 | 30.54 | 30.52 | 30.51 |
| Reserves | 8,500 | 1,127 | 1,468 | 1,791 | 2,167 |
| Borrowings | 1,200 | 417 | 364 | 417 | 229 |
| Other liabilities | 3,500 | 635 | 582 | 580 | 681 |
| Total liabilities | 13,700 | 3,087 | 3,330 | 3,748 | 4,212 |
| Fixed assets | 6,500 | 1,067 | 1,286 | 1,483 | 1,669 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 617 | 666 | 750 | 842 |
| Other assets | 4,300 | 926 | 999 | 1,124 | 1,264 |
| Total assets | 13,700 | 3,087 | 3,330 | 3,748 | 4,212 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Usha Martin balance sheet — frequently asked questions
What is the total debt of Usha Martin?
Usha Martin reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹417 crore as of Mar 2023.
What is Usha Martin's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Usha Martin's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Usha Martin's total assets?
Usha Martin's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.