Usha Martin shares climb 8% in early session

NEW DELHI: Shares of Usha Martin traded 8.15 per cent up in Thursday 's trade at 10:41 am.

Around 249798 shares changed hands on the counter. The stock opened at Rs 11.7 and touched an intraday high and low of Rs 12.8 and Rs 11.7 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 45.7 and a 52-week low of Rs 10.75 .


The company has temporarily halted operations at its manufacturing facility situated at Jharkhand until further notice.

Financials
Usha Martin Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 362.64 Crore) operating in Metals - Ferrous sector.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 536.87 Crore, down -.24 % from last quarter Sales of Rs 538.17 Crore and down -12.76 % from last year same quarter Sales of Rs 615.41 Crore Company has reported net profit after tax of Rs 7.48 Crore in latest quarter.

Usha Martin Ltd. key Products/Revenue Segments include Alloy & Special (Steel) which contributed Rs 1647.74 Crore to Sales Value (97.47 % of Total Sales), Scrap which contributed Rs 32.89 Crore to Sales Value (1.94 % of Total Sales), Other Operating Revenue which contributed Rs 4.40 Crore to Sales Value (0.26 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 49.437546 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 536.87 crore and net profit of Rs 7.48 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 0.74 and price to book value of 0.42.