Usha Martin (NSE:USHAMART) Inventory Turnover: 0.50 (As of Mar. 2026)

What is Usha Martin Inventory Turnover?

Usha Martin NSE:USHAMART +2.33% 79 Inventory Turnover is 0.50 as of Mar. 2026. GuruFocus rates NSE:USHAMART with a GF Score™ of 79/100 and a GF Value™ of ₹419.07 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Usha Martin's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹4,754 Mil. Usha Martin's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹9,578 Mil. Usha Martin's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.50.

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 three months ended in Mar. 2026 was 183.84.

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 0.98.

Usha Martin (NSE:USHAMART) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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 three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	9578.2	/	4754.1	*	365 / 4
	=	183.84

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 quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	9578.2	/	9792.6
	=	0.98

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Usha Martin Inventory Turnover Related Terms

Usha Martin Inventory Turnover Historical Data

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

Usha Martin Inventory Turnover Chart

Usha Martin Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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2.08

2.20

1.91

1.87

1.92

Usha Martin Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.44	0.49	0.47	0.00	0.50

79GF Score

Usha Martin Ltd NSE:USHAMART

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Usha Martin Inventory Turnover Calculation

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

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	18675	/ (	(9849.1	+	9578.2)	/	2 )
=	18675	/	9713.65
=	1.92

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

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Sep. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	4754.1	/ (	(0	+	9578.2)	/	1 )
=	4754.1	/	9578.2
=	0.50

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.50 mean?

Usha Martin (NSE:USHAMART) has a Inventory Turnover of 0.50 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Usha Martin and its competitors.

Is Usha Martin's Inventory Turnover too high?

Usha Martin's current Inventory Turnover is 0.50. 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 Inventory Turnover compare to NUE and STLD?

Usha Martin's Inventory Turnover of 0.50 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 Inventory Turnover for a Steel company?

A good Inventory Turnover depends on the Steel industry context. However, Inventory Turnover 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 Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Usha Martin and its competitors. Usha Martin's current Inventory Turnover is 0.50. 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 ₹419.07, compared to a current price of ₹514.10 — trading 22.7% above its estimated fair value. The current Inventory Turnover is 0.50. Usha Martin's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Usha Martin (NSE:USHAMART), the current Inventory Turnover is 0.50 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 ₹514.10 is trading 22.7% above its estimated GF Value™ of ₹419.07. GuruFocus considers Usha Martin to be Modestly Overvalued.

Key valuation signals for NSE:USHAMART:

Inventory Turnover: 0.50
GF Value™: ₹419.07 vs. price of ₹514.10 (22.7% above fair value)
GF Score™: 79/100 with 3 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

Industry Basic Materials Steel

Comparable Companies BOM:543768 BOM:500378 BOM:544784 BOM:532726 BOM:532734 BOM:512463 BOM:504614 BOM:520111 BOM:504918 BOM:500265 NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL RS TSE:5401 SHSE:600019 XKRX:005490 SHSE:600010

Other Exchanges 517146:India

Address 2A, Shakespeare Sarani, Mangal Kalash, Kolkata, WB, IND, 700 071

Website https://www.ushamartin.com

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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₹514.10

Price

₹419.07

GF Value

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