Usha Martin (NSE:USHAMART) Change In Inventory: ₹0 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:USHAMART Usha Martin Ltd NSE:USHAMART
84 GF Score
Price ₹496.75
GF Value ₹415.33
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Usha Martin Change In Inventory?

Usha Martin NSE:USHAMART -0.69% 84 Change In Inventory is ₹0 Mil as of Mar. 2026. GuruFocus rates NSE:USHAMART with a GF Score™ of 84/100 and a GF Value™ of ₹415.33 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Usha Martin's change in inventory for the quarter that ended in Mar. 2026 was ₹0 Mil. It means Usha Martin's inventory stayed the same from Sep. 2025 to Mar. 2026 .

Usha Martin's change in inventory for the fiscal year that ended in Mar. 2026 was ₹271 Mil. It means Usha Martin's inventory declined by ₹271 Mil from Mar. 2025 to Mar. 2026 .

Usha Martin's Total Inventories for the quarter that ended in Mar. 2026 was ₹9,578 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Usha Martin's Days Inventory for the quarter that ended in Mar. 2026 was 91.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Usha Martin's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.99.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Usha Martin's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.49.


Usha Martin  (NSE:USHAMART) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Usha Martin's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=4789.1/4754.1*365 / 4
=91.92

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Usha Martin's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Usha Martin's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Usha Martin Change In Inventory Related Terms


Usha Martin Change In Inventory Historical Data

* Premium members only.

The historical data trend for Usha Martin's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Usha Martin Change In Inventory Chart

Usha Martin Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,263.90 -925.00 16.00 -952.90 270.90

Usha Martin Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Mar26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
NSE:USHAMART
84GF Score
Usha Martin Ltd NSE:USHAMART
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Usha Martin Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of ₹0 Mil mean?
Usha Martin (NSE:USHAMART) has a Change In Inventory of ₹0 Mil as of Mar. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Usha Martin and its competitors.
Is Usha Martin's Change In Inventory too high?
Usha Martin's current Change In Inventory is ₹0 Mil. Overall, Usha Martin has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usha Martin's Change In Inventory compare to NUE and STLD?
Usha Martin's Change In Inventory of ₹0 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Steel company?
A good Change In Inventory depends on the Steel industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Usha Martin and its competitors. Usha Martin's current Change In Inventory is ₹0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usha Martin stock overvalued right now?
Based on GuruFocus' analysis, Usha Martin (NSE:USHAMART) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹415.33, compared to a current price of ₹496.75 — trading 19.6% above its estimated fair value. The current Change In Inventory is ₹0 Mil. Usha Martin's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Usha Martin (NSE:USHAMART), the current Change In Inventory is ₹0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Usha Martin (NSE:USHAMART) Overvalued in 2026?

Based on GuruFocus' analysis, Usha Martin stock appears to be overvalued. The current stock price of ₹496.75 is trading 19.6% above its estimated GF Value™ of ₹415.33. GuruFocus considers Usha Martin to be Modestly Overvalued.

Key valuation signals for NSE:USHAMART:

  • Change In Inventory: ₹0 Mil
  • GF Value™: ₹415.33 vs. price of ₹496.75 (19.6% above fair value)
  • GF Score™: 84/100 with 2 warning signs

No single metric tells the full story. See the NSE:USHAMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Usha Martin Business Description

Other Exchanges 517146:India
Address 2A, Shakespeare Sarani, Mangal Kalash, Kolkata, WB, IND, 700 071
Usha Martin Ltd is engaged in the business of the production of wire rope. The company's operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufactures and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its Others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India and also has its presence outside India.
84GF Score

Get the complete analysis for NSE:USHAMART

Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹496.75
Price
₹415.33
GF Value