Usha Martin Ltd. — Investor Presentation 2024

May 11, 2024

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Date: 11[th] May, 2024

The Manager The Secretary Societe de la Bourse de National Stock Exchange of India Ltd. BSE Limited Luxembourg Exchange Plaza, 5[th] Floor, Phiroze Jeejeebhoy Towers, 35A Bouleverd Joseph II Plot No.C/1, G Block, Dalal Street L-1840, Luxembourg Bandra Kurla Complex, Bandra Mumbai – 400 001 [ Scrip Code: US9173002042 ] Mumbai – 400 051 [ Scrip Code: 517146 ] [ Symbol: USHAMART ]

Dear Sir/Madam,

Sub.: Investor Presentation

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), please find enclosed Investor Presentation – May 2024.

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.

Thanking you,

Yours faithfully, For Usha Martin Limited

SHAMPA Digitally signed by SHAMPA GHOSH RAY GHOSH RAY

Shampa Ghosh Ray Company Secretary

Encl.: As above

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Specialty Wire Rope Solutions Provider

Investor Presentation

May 2024

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.

Disclaimer

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 contain 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.

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Contents

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Competitive Edge

Company Overview Edge Financial Growth Overview Strategy ESG Summary

Annexure

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Company Overview

4

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

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Rich Legacy Of 6
years Manufacturing
~60
Facilities
Offering wide range of: Presence across 11
▪ 6 Own Distribution
Specialty wire ropes
Centers
Continents
▪
High-quality wires
▪
Low relaxation prestressed concrete
steel strand (LRPC)
▪
Bespoke end-fitments, accessories and
related services
~3,100 Rs. crore
3,225
Worldwide Employees
Consolidated Revenue
Rs. 424crore
21.9%
Consolidated PAT
Consolidated ROCE
As on 31 [[st]] March 2024
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Note: As on 31[[st]] March 2024

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…With diversified presence across geographies and endindustries

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• State-of-the-art manufacturing facilities: Ranchi, Hoshiarpur, Dubai, Bangkok, UK and Silvassa

• Global Design Center at Italy: Engaged in designing / using proprietary design software to develop best in class products

• Worldwide network: Extensive and dedicated network spread across the globe enabling closer proximity to international market & uninterrupted services to customers

▪ SKUs: Highly customized offerings have enabled high number of SKUs across various industries having critical applications

Consolidated Revenue Break-up[1]

Product Segmentation

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Others, 9%
Wire & Strand, 8%
LRPC, 12%
Wire Rope, 71%
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End Industry Segmentation [2]
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Others, 3%
Fishing, 3%
Mining, 6% Engineering, 22%
Utilities, 4%
Elevator, 8%
Construction &
Auto, 6% Infrastructure, 13%
Crane, 16%
Oil & Offshore, 19%
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Geographic Segmentation [2]
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America, 7%
Middle East & Africa, 9%
Asia Pacific, 15% India, 45%
Europe, 24%
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Note 1: As on 31[st] March 2024

Note 2: For all product segments

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We are undergoing a strategic transformation and are poised for growth

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Turnaround Consolidation Growth
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  - **Value accretive capex**

• Divestment of steel business resulting in:

• Sharp deleveraging

• Reshaped balance sheet

• Renewed focus on specialty wire rope business

• • Strategic initiatives to consolidate leadership

• Enhance specialty offerings across industry segments

• • Increase geographical spread in strategic markets

• Drive sustainable growth

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 crore[2] in FY20

Target to sustain healthy topline & operating EBITDA growth in the coming years

Note 1: All figures mentioned in the slide are consolidated financials Note 2: PBT from continuing operations

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Competitive Edge

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In an industry with high entry barriers…

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Critical Component Of End-product

Close Customer Engagement Customer approvals and engagement are built over many years

High Customer Switching Costs

Customers have little incentive to switch once product is entrenched in their ecosystem

High-end applications of wire ropes are a mission critical component of endproduct, making safety an absolute priority

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Technical

Know-how

Design application and knowledge for the industry takes years to build

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…We have the competitive edge to fuel growth

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1 3 5 Brand Value Focus on Services - Robust R&D and Established Over Offering Total Innovation 60 Years Solutions to Clients Capabilities Comprehensive Global ‘Close-toStrong Financial Product Portfolio Consumer’ Position across Diverse Footprint Critical Applications 2 4 6

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1

Brand value established over 60 years

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Our evolution through time

2000 : Setting up of a product distribution centre in Singapore under Usha Martin Singapore Pte Limited

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1986 : Incorporation of Usha Beltron Limited in collaboration with AEG Kabel Germany

1980 : Incorporation of Usha Siam Steel Industries Public Company Limited in Bangkok, Thailand

1960 : Setting up of wire rope manufacturing facility at Ranchi, Jharkhand, India in collaboration with Martin Black (UK)

2000: Acquisition of Wire Rope plant of Brunton Shaw at Worksop, UK

1999: Setting up of a cable manufacturing facility under U M Cables Limited at Silvassa, India

1996: Incorporation of Usha Martin Americas Inc. in Texas, USA

1996: Acquisition of European Management & Marine Corp in Aberdeen, UK

2010 : Incorporation of PT Usha Martin Indonesia

2009: Setting up of a distribution centre at Vietnam under Usha Martin Vietnam Company Limited

2007: Acquisition of De Ruiter Staalkabel B.V in Netherlands

2006: Setting up of a oil tempered wire manufacturing facility in Ranchi, Jharkhand, India with JV partner Joh Pengg (Austria)

2005: Acquisition of wire rope manufacturing facility at Hoshiarpur, Punjab, India

2003: Incorporation of Brunton Wire Rope FZCo in Dubai, UAE

2024 : (i) Acquisition of remaining 50% stake of TESAC Usha to form Usha Siam Specialty Wire Rope

(ii) Set up of Usha Martin Learning Academy (UMLA) in Ranchi

2023 : Set up of stepdown subsidiary in Saudi Arabia

2012 : Incorporation of Usha Martin Italia and setting up of Global Design Centre in Italy

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2

Core Wire Rope Segment: Comprehensive product portfolio across diverse critical applications

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Crane wire ropes:
6 months - 18 months
Piling : 60 piles – 120 piles
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Fishing wire ropes:
6 months - 12 months
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Aerial Transportation: 2 years – 3 years

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Oil & Offshore
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Cable Supported Bridges &
Structures
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Elevator ropes:
8 years - 10 years
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Surface Mining:
45 days - 150 days
Dragline Dump : 7 days – 14
days
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Underground Mining:
1.5 years – 3 years
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Critical end-use application leads to limited lifespan of specialty wire rope and continuous demand

Note : Replacement cycles mentioned above depend on the nature of usage

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3

Focus on services - offering total solutions to clients

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Cutting & Socketing

Splicing, Fused & Tapering

Testing & Site Inspection Services

Spooling and Cutting of Heavy Reels Up to 100 Ton

Mechanical Splicing

Site Inspection

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Resin Socketing

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Fused and Tapering

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Load Test or Destruction Test with 500 Ton Test Bed

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Rigging facilities across geographies: Ranchi, Singapore, Dubai, Rotterdam & Aberdeen

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4
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Global ‘close-to-consumer’ footprint

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EUROPE
ASIA
6
NORTH AMERICA
Manufacturing Facilities
Presence Across
AFRICA
6 Nottinghamshire,
UK
Continents
11 Ranchi, Hoshiarpur, Silvassa,
India
Own Distribution Centers
SOUTH AMERICA
18
Bangkok,
Channel Partners in India Thailand
6 Dubai,
UAE
Sales Office in India
AUSTRALIA
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Note : The facilities mentioned on this slide are owned by Usha Martin Ltd., which are additionally supported by an extensive network of distribution partners and outlets both domestically in India and across the world

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5
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Robust R&D capabilities

• GDC has >40 years experience in rope design and application engineering

• Technical guidance for product development

• In-depth R&D and product testing

• Project management and quality assurance for critical supplies

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• Close co-operation with customers, universities and research institutes

In Italy

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Financial
Overview
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Strategic initiatives have strengthened our consolidated operational and financial performance

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Delivery Volumes (‘000 MT) Revenue (in Rs. crore)
193 192 3,268 3,225
189
2,688
181 2,153 2,097
174
FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24
EBITDA (in Rs. crore)1 Margin (%) PAT [2,3] (in Rs. crore)
18.6%
424
15.7%
599
14.3%
13.5% 351
513
291
10.8%
384
284
233 156
99
FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24
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• Registered consistent performance by leveraging inherent strengths

• Greater focus on high value offerings to continue driving margins and overall growth

• Ability to manage spread despite fluctuations in steel input costs

• Focus on international markets enabling to realize higher value through increased solution sales

Note 1: EBITDA calculated without other income

Note 2: PAT from continuing operations adjusted for normalized tax for FY20; FY22 PAT includes exceptional income of Rs. 31 crore Note 3: PAT for Q4 FY22 and FY22 includes Rs. 20 crore of deferred tax credit

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Key Operational Highlights

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Sales Volumes[1] (‘000 MT)

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192
193 189
181
174
FY20 FY21 FY22 FY23 FY24
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• Decrease in overall volumes YoY, primarily due to a decline in LRPC and Wire & Strand volumes

• Segment wise contribution to overall volumes FY24: o Wire Rope – 52% (FY23: 49%)

• o Wire & Strand – 18% (FY23: 19%)

• o LRPC – 30% (FY23: 32%)

Wire Rope Sales Volumes Wire & Strand (‘000 MT) Sales Volumes (‘000 MT)

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94
93
59
85 46 39 37
85 32
79
FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24
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LRPC Sales Volumes (‘000 MT)

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65 62
54
49 49
FY20 FY21 FY22 FY23 FY24
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Note 1: For all product segments Note 2: All figures mentioned in the slide are consolidated volumes

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Segmental Revenue Overview

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In Rs. crore

Wire Rope

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2,277
2,194
1,640
1,350 1,289
FY20 FY21 FY22 FY23 FY24
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Wire & Strand

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363
339
327
307
274
FY20 FY21 FY22 FY23 FY24
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• Core Wire Rope segment revenues increased by 3.8% Y-o-Y in FY24

LRPC

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502 494
386
333
274
FY20 FY21 FY22 FY23 FY24
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• Wire & Strand and LRPC segments registered a 19.3% and 21.8% Y-o-Y decline

• Segment wise contribution to overall sales FY24:

• Wire Rope – 71% (FY23: 67%)

• Wire & Strand – 8% (FY23: 10%)

• LRPC – 12% (FY23: 15%)

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

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Continuing shift towards value accretive products, applications and geographies

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Consolidated Revenue Break-up[1]

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Product Segmentation End Industry Segmentation [1,2] Geography Segmentation [1,3]
Others, 9% Asia Pacific, 15%
Fishing, 3% Others, 3%
Wire & Strand, 8% Mining, 6% Engineering, 22% Middle East
& Africa, 9%
Utilities, 4%
Europe, 24%
Elevator, 8% America, 7%
LRPC, 12% Auto, 6% Construction & 55%
Infrastructure, 13%
Crane, 16%
Wire Rope, 71% 52%
Oil & Offshore, 19% India, 45%
Others, 8% Fishing, 2% Others, 3% Asia Pacific, 16%
Utilities, 4%
Wire & Strand, 10% Mining, 4% Engineering, 25% 55%
Europe, 22% Middle East
Wire Rope, 67% Auto, 8% & Africa, 9%
America, 8%
Elevator, 8% 44%
LRPC, 15%
Oil & Offshore, 16%
Crane, 14%
Construction & India, 45%
Infrastructure, 16%
FY24
FY23
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Note 1: For all product segments and excluding intra-group sales

Note 2: The data label highlighted in green represents value-added segments

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Note 3: Data labels in green represents international operations

We have been successfully navigating raw material volatility

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Steel Price [1] (Rs. per tonne)
61,691
59,210
56,317 55,362 54,106 53,109 55,392
44,112
FY21 FY22 FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 FY24
EBITDA/tonne [2] (Rs.)
34,018
32,227 31,178 31,784 32,299
26,473
19,624
15,880
FY21 FY22 FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 FY24
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▪ Sustained EBITDA/ton on a quarterly basis

▪ Consistently managed raw-material price volatility and deliver sustained EBITDA/mt

Note 1: Average consumption rate of the Group for the mentioned period Note 2: Consolidated EBITDA calculated without other income & excluding UM Cables

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Healthy balance sheet to support growth initiatives

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Networth (in Rs. crore) Net Debt (in Rs. crore)

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3,463
2,384
2,035
1,697
1,407
1,265
814
458
342
191 185 124
FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24
Net Debt to Equity Net Debt to EBITDA ROE1 ROCE 1
5.71
40.5%
4.25
2.87 21.2% 21.9%
19.2%
23.1%
12.8% 18.8% 19.2%
1.41 9.5%
18.8%
0.50 0.36 0.21
6.3%
11.3%
0.36 0.24 0.11 0.09 0.05
FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24
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Net Working Capital Days
Payable Receivable Inventory
167 214
156 169 177
121
189 201 180 170 199
144
40 44 45 42 44 52
63 77 79 53 38 37
FY19 FY20 FY21 FY22 FY23 FY24
▪
Divestment exercise in FY20 led to a
significant improvement in balance
sheet position
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• In H2FY24, high inventory levels were maintained to ensure smooth supply to customers despite the challenges posed by the red sea crisis

• Shift from volume to value offerings coupled with solution sales in ropes enabled higher profitability and robust return ratios

Note 1: FY19 & FY20 includes continuing + discontinued business; FY20 PAT includes Profit from sale of discontinued business Rs. 557 crore; FY22 PAT includes exceptional income of Rs. 31 crore and PAT for Q4 FY22 and FY22 includes Rs. 20 crore of deferred tax credit

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

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

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A+ A A- BBB+ BBB BBBBB+ BB BB- FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 Aug'23 Current Rating A Outlook Positive Last Review Aug’23

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Robust Cash Flows

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In Rs. crore

Operating Cash Flow before Income Tax

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561
345
241
217
146
FY20 FY21 FY22 FY23 FY24
Free Cash Flow
174 177
166
107
69
FY20 FY21 FY22 FY23 FY24
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• Healthy OCF generation supports Company’s capital allocation plans

• The OCF to EBITDA[2] in FY24 recorded a healthy improvement, standing at 94% compared to 67% in FY23

• Focus on optimizing working capital to continue generating healthy OCF

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

Note 2: EBITDA calculated without other income

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Focus on enhancing shareholder value

FY24 Rs. 83.80 crore

20% of Profit After Tax

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Dividend (proposed dividend)

FY23

Rs. 76.18 crore Dividend Paid

22% of Profit After Tax

Dividend Payout Policy

▪ New dividend policy adopted during FY22 ( Link )

▪ Aspires to maintain healthy dividend payout

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Growth Strategy

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Multi-faceted growth strategy continue to drive our performance

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Capex initiatives focused on value-migration

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• Capex wave1 of Rs. 310 crore at Ranchi substantially completed in Q4FY24

• Capex wave2 of Rs. 167 crore commenced during FY24 at Ranchi

• Capex program of Rs. 62 crore commenced during FY24 at Thailand

Expand international market share through overseas subsidiaries

• Share of revenue from international business at 55% during FY24

• Performance of international operations remain strong

Remain financially prudent

• Consolidated PAT YoY growth at 21% for FY24 and operating EBITDA margin at 18.6% for FY24

• Net Debt/Equity at 0.05 and Net Debt/Operating EBITDA at 0.21

Strong focus on digital initiatives

• SAP S4 Hana implementation completed in Thailand

• First phase of SAP Analytics implemented in India

• First phase of Salesforce CRM implemented across all entities

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Expand international market share through overseas subsidiaries

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In Rs. crore

Revenue from International Operations[1 ]

• The revenue share from international business accounted for 55% of the total revenues in FY24

▪ Key highlights that strengthened our performance:

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1,692 1,696
1,261
989 966
FY20 FY21 FY22 FY23 FY24
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• Growth within new-built and replacement of oil and offshore wind installation in crane segment

• Strong demand in mooring, towing, anchor handling wire ropes

• Successful introduction of mining ropes to several new mines in the Americas

• Increase in market share for elevator and fishing ropes in Europe

• Increase in share of oil and gas and crane ropes in Middle East

• Solid momentum in the rigging business in Europe, ASEAN, and Middle East

• Strong growth through established integrated approach among Brunton Shaw, De Ruiter, EMM, GDC and UM India – one-stopshop principle

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Note 1: For all product segments. Excludes intra-group sales

Performance Snapshot: Evaluating Key Metric Achievements

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Outlook (2-3 years)
Baseline FY22
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~15%

(CAGR growth)

Consolidated Revenue

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FY24
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9.5% (2-year CAGR Growth over FY22)

• During the period, Usha Martin’s core wire rope segment showcased healthy growth, achieving a noteworthy 2-year CAGR of 17.8%.

• While consolidated revenue growth was impacted owing to subdued performance in LRPC and Wire Strand segments, the 2-year EBITDA and PAT grew at a CAGR of 24.9% and 20.7%, respectively

~18%

Operating EBITDA margin

18.6%

(FY24)

• Sustained strategic emphasis on value-added products, coupled with the expanding global presence, has significantly enhanced margin performance, surpassing projections

<1

Net Debt/EBITDA

Net Debt leverage

0.21 Net Debt/EBITDA

• Improved liquidity and overall financial prudence largely enabled the Company registering a strong ‘net debt to EBITDA’ ratio during the period

<150 Days

Net Working Capital Days

214

Days

• Despite an increase registered in net working capital days, the ‘operating EBITDA to conversion of cash ratio’ has registered a growth from 38% in FY22 to 94% in FY24

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Note: (Baseline FY22)

Key Digital Initiatives

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I N I T I A T I V E S

B E N E F I T S

Salesforce Improved lead management leading to higher conversion rates o Implementation of Salesforce across all 01 Streamlined sales processes resulting in shorter sales cycles geographies o Lead generation, opportunity management, Improved customer acquisition and retention automated lead to sales order process Customer insights and data management for enhanced decision making SAP S4 Hana Integrated production planning for timely deliveries and reduced costs o Implementation of SAP S4 Hana and SAP 02 Efficient order processing reducing errors and delays Analytics across all geographies o Integration of Salesforce and SAP Consistent visibility into inventory levels, optimizing stock management o Production planning, order processing, Real-time insights of business processes to improve internal collaboration inventory management Strategic HR planning 03 Success Factors HR process automation o Implementation of Success Factors across India Improved employee engagement Improve connection with all the stakeholders 04 Digital Marketing Brand awareness for a global audience o Digital marketing initiatives across all platforms Increased customer engagement

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ESG
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ESG framework

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STRATEGIC ESG PILLARS Care for Environment Product Stewardship Care for People Sustainable Partnerships Ethical Business • Materials (including • Sustainable product • Diversity and inclusion • Community engagement • Corporate Governance Packaging) design & innovation • Local employment • Customer centricity • Code of Conduct • (R&D) Energy management • • • Workplace wellbeing and Responsible sourcing Regulatory compliance • • Marketing and labeling Climate change prosperity • Stakeholder engagement • Air emission • Humanrights • Risk management • • Water stewardship Occupational health and • Data privacy and security • safety Waste management • ESG disclosure • Biodiversity & transparency • Economic performance E S G Reshaping our Industry with Responsibility

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ESG targets

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Material topics Baseline FY 2023 Targets
•
10% GHG emission reduction from FY23 baseline by
Climate GHG emissions (scope 1 + scope 2)
2026
Change 18.24 tCO2e/ INR Million •
10% energy reduction from FY23 baseline by 2025
Water Water withdrawal 50% reduction in water withdrawal by FY 2030 from
FY 2023
Management
51.5 KL/INR million
Occupational Number of accidents
To achieve Zero Harm
Health and Safety
49
Diversity and Female employee strength 25% of new hires in Officer grade and 10% of new hires
Inclusion in Worker grade annually will be female
0.8%
Average training hours per employee To maintain 100% of workforce receiving 16 hrs of training
Employee
annually
Wellbeing
17 training hours/ total workforce
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*The Company has a benchmark of ensuring every employee receives 16 hours of training annually. However, during FY 22-23 the organization had achieved 17 hours of training per total workforce, which did not cover 100% of the workforce.

Note: All figures mentioned in the slide are standalone

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Governance structure in place to drive transparency, accountability and sustainability

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Board of Directors 4 Independent Directors, 3 Whole Time Directors and 1 Non-Executive Director

Audit Committee Risk Management Committee Stakeholders Relationship Committee Nomination & Remuneration Finance Committee CSR Committee Committee

Management Team

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Corporate social responsibility (CSR) initiatives

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USHA MARTIN FOUNDATION

Women Empowerment

Natural Resource

Health, Nutrition & Sanitation

Management

• ▪

• Village hospitals Strengthening of selfhelp group

• Well construction

• Health camps

• Drip irrigation

• Training of capacity building

• Hand pump repair

• Health awareness building

• session through school & adolescent ▪ Quality circle for meeting problem solving

• Systematic rice intensification

• Social forestry

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Education

• School

• Adult education

• Computer training to rural children

Livelihood & Financial Inclusion

• Poultry

• Fishery

• Mushroom

• Piggery

• Animal health camp

COVID-19 Support

• Covid test for villagers

• Food distribution among needy villagers

• Mask and sanitizer distribution among unorganized workers

• Cattle shed

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Summary

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Focused on creating sustainable value for all stakeholders

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Business undergoing strategic transformation

State-of-the-art manufacturing, R&D capabilities and well entrenched global distribution network – ‘close-tocustomer’ strategy enables the company to provide customized solutions

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Multi dimensional business initiatives to support shift towards value-added specialty products and substantial growth in international businesses

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Established global player with proven capabilities

Healthy financial position to assist next phase of growth initiatives

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Annexure
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38

Wire rope production process

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2 4 6
1 [st] stage of Drawing
The descaled and 2 [nd] Stage of Drawing
Patenting Drawn Wire Stranding (with
surface-coated wire rod (Final Drawing)
Twisting)
Surface Treatment undergoes the initial Heat treatment is applied
Following the initial wire
(Descaling) drawing process to to transform the wire into Wires are positioned helically
drawing and patenting,
achieve the required the necessary over a central member,
the final drawing process
Descaling wire rod eliminates diameter and mechanical microstructure and to is carried out to achieve forming the structure of the
rust and scales, while surface properties for further facilitate further drawing. strand.
required diameter and
coating facilitates drawing. processing or for the
mechanical properties for
1 intended application. 7
the intended application.
3 5
Wire Rod (Rolled Product) Closing
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Steel wire products begin with wire rod supplied by steel mills, produced via hot rolling from billet.

Strands are positioned around the core, completing the construction of the wire rope.

39

Marquee projects

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Sardar Vallabhbhai Patel Statue, Gujarat - Pavilion roof structure supporting cables

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Road Over Bridge at Burdwan - Plasticated LRPC

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World’s longest hanging bridge for adventure tourism in Italy - Cables with special end connection

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Anchor Mooring Ropes delivered to one of the largest rigs in the world located in China

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ZPMC, China, Barge Crane - Main & auxiliary hoist rope

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Lions Gate Vancouver, Canada - Supporting locked coil

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Disneyland, Shanghai, China

- Full locked coil, supporting cables

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Reliance - Sasan Coal Mine (one of the world’s largest dragline - Caterpillar) - Hoist & drag rope

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Manufacturing set-up - India

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Ranchi Facility

Spread across an area of more than 100 acres, this facility is one of the world’s largest wire rope manufacturing facility

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UM Cables Plant, Silvassa

A dedicated manufacturer and exporter of high-quality telecommunication cables, fiber reinforced plastic rods (FRP)

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Ismal Unit, Ranchi

Well-equipped facility with over 3 decades of experience in manufacturing and supply of pre-stressing machines & accessories

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Hoshiarpur Plant

Set up in 1974 in Punjab, India, spread over 8 hectare is the largest wire & wire rope unit in Northern India

Pengg - Usha Plant, Ranchi

Pengg Usha is a JV between Usha Martin and Joh Pengg AG of Austria to produce oil tempered wire, required by the automotive industry

41

Manufacturing set-up - International

Brunton Shaw UK Ltd.

Brunton Wire Ropes FZCO

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Located at Nottinghamshire in UK, manufacturers high quality wire ropes for a wide range of applications

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Located at Jebel Ali Free Zone in Dubai (UAE), this facility was set up in the year 2003

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UAE

UK

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Usha Siam Steel Industries

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Manufacturing facility in Bangkok, Thailand, THAILAND since early 1980s

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Globally recognized certifications and licenses

ISO 45001: 2018 Occupational Health & Safety

ISO 14001: 2015 Environmental management systems

Certificate of Authority issued by American petroleum institute

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Manufacturing Assessment issued by ABS

DGMS Approval

Japan - Approval of Manufacturing Process of Steel Wire Rope

NABL Testing

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ISO 9001: 2015 Quality management Systems

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Approved Manufacturer of Steel Wire Rope issued by Lloyd’s

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43

Market snapshot

As on Key Market Statistics 31[st] March 2024 BSE/NSE Ticker 517146 / USHAMART CMP (Rs.) 318.35 Market Cap (Rs. Crore) 9,700 Number of outstanding shares (Crore) 30.47 Face Value 1.00 52-week High / Low (Rs.) 379.70 / 205.45

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Shareholding pattern as on 31 [st] Mar. 2024
Public 27.8%
Corporate Bodies 12.3%
FPI 14.6%
Promoters 45.3%
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44

Contact us

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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 state-of-the-art high-capacity machines to manufacture world-class products.

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 a comprehensive R&D facility in its manufacturing unit at Ranchi, India. Usha Martin has an extensive and dedicated network of distribution centers located across the globe.

Mr. Abhijit Paul (Chief Financial Officer) / Mr. Anil Kumar (Secretary to CFO)

Usha Martin Limited

Tel: +033 – 71006 511 / 320 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

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Thank You