Usha MartinNSE:USHAMART -0.83%79 Days Inventory is 183.84 as of Mar. 2026, which is 5% below its 10-year median of 192.95. GuruFocus rates NSE:USHAMART with a GF Score™ of 79/100 and a GF Value™ of ₹419.52 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 582 Steel companies, Usha Martin ranks worse than 93.81% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Usha Martin's Average Total Inventories for the
three
months ended in Mar. 2026 was ₹9,578 Mil. Usha Martin's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₹4,754 Mil.
Hence, Usha Martin's Days Inventory for the
three
months ended in Mar. 2026 was 183.84.
The historical rank and industry rank for Usha Martin's Days Inventory or its related term are showing as below:
NSE:USHAMART'
s Days Inventory Range Over the Past 10 Years
Min: 165.84 Med: 192.95 Max: 354.14
Current: 252.63
During the past 13 years, Usha Martin's highest Days Inventory was 354.14. The lowest was 165.84. And the median was 192.95.
NSE:USHAMART's Days Inventory is ranked worse than 93.81% of 582
companies
in the Steel industry
Industry Median: 86.57
vs NSE:USHAMART: 252.63
Usha Martin's Days Inventory
declined
from Dec. 2024 (207.83) to Mar. 2026 (183.84).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Usha Martin's Inventory Turnover for the
three
months ended in Mar. 2026 was 0.50.
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
three
months ended in Mar. 2026 was 0.98.
Usha Martin (NSE:USHAMART) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Usha Martin's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
2. 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
three
months 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Usha Martin Days Inventory Related Terms
Usha Martin Days Inventory Historical Data
* Premium members only.
The historical data trend for Usha Martin's Days 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.
NSE:USHAMART vs NUE, STLD, RS: Days Inventory Comparison
For the Steel subindustry, Usha Martin's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Usha Martin Days Inventory vs Steel Industry
For the Steel industry and Basic Materials sector, Usha Martin's Days Inventory distribution charts can be found below:
* The bar in red indicates where Usha Martin's Days Inventory falls into.
* 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 (NSE:USHAMART) has a Days Inventory of 183.84 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Usha Martin and its competitors. This is near median its historical median of 192.95. Over the past decade, Usha Martin's Days Inventory has ranged from 165.84 to 354.14. According to the industry distribution chart, Usha Martin ranks #546 out of 582 companies in the Steel industry, placing it in the top 93.8%.
Is Usha Martin's Days Inventory too high?
Usha Martin's current Days Inventory of 183.84 is near median its 10-year median of 192.95. Over the past 10 years, this metric has ranged from a low of 165.84 to a high of 354.14. The Steel industry median Days Inventory is 86.57. Usha Martin's value of 183.84 is 112.4% above this industry median. Based on the distribution chart, Usha Martin ranks #546 out of 582 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Usha Martin has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usha Martin's Days Inventory compare to NUE and STLD?
According to the Steel industry distribution chart, Usha Martin ranks #546 out of 582 companies for Days Inventory. This places Usha Martin in the lower half of its industry. The industry median Days Inventory is 86.57. Usha Martin's value of 183.84 is 112.4% above this benchmark. Historically, Usha Martin's own Days Inventory has ranged from 165.84 to 354.14 over the past decade. While the company's 10-year median is 192.95 vs. the industry median of 86.57, Usha Martin has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Steel company?
The median Days Inventory among Steel companies is 86.57, based on 582 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Usha Martin's current Days Inventory of 183.84 is 112.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Usha Martin and its competitors. For the Steel industry, the median Days Inventory is 86.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usha Martin's current Days Inventory is 183.84, which is near median its own 10-year median of 192.95. 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 ₹419.52, compared to a current price of ₹492.80 — trading 17.5% above its estimated fair value. The current Days Inventory is 183.84, which is near median its 10-year median of 192.95 and 112.4% above the Steel industry median of 86.57. Usha Martin's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Usha Martin (NSE:USHAMART), the current Days Inventory is 183.84 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 ₹492.80 is trading 17.5% above its estimated GF Value™ of ₹419.52.
GuruFocus considers Usha Martin to be Modestly Overvalued.
Key valuation signals for NSE:USHAMART:
Days Inventory: 183.84 (near median its 10-year median of 192.95)
GF Value™: ₹419.52 vs. price of ₹492.80 (17.5% above fair value)
Industry Position: 112.4% above the Steel median (#546 of 582)
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 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.
79GF Score
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