Usha MartinNSE:USHAMART +1.57%79 ROA % is 14.04% as of Mar. 2026, which is 43% above its 10-year median of 9.82. GuruFocus rates NSE:USHAMART with a GF Score™ of 79/100 and a GF Value™ of ₹418.33 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 637 Steel companies, Usha Martin ranks better than 90.42% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Usha Martin's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹5,912 Mil.
Usha Martin's average Total Assets over the quarter that ended in Mar. 2026 was ₹42,118 Mil. Therefore, Usha Martin's annualized ROA % for the quarter that ended in Mar. 2026 was 14.04%.
The historical rank and industry rank for Usha Martin's ROA % or its related term are showing as below:
NSE:USHAMART'
s ROA % Range Over the Past 10 Years
Min: -4.58 Med: 9.82 Max: 13.21
Current: 8.95
During the past 13 years, Usha Martin's highest ROA % was 13.21%. The lowest was -4.58%. And the median was 9.82%.
NSE:USHAMART's ROA % is ranked better than 90.42% of 637
companies
in the Steel industry
Industry Median: 1.92
vs NSE:USHAMART: 8.95
Usha Martin (NSE:USHAMART) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Usha Martin ROA % Related Terms
Usha Martin ROA % Historical Data
* Premium members only.
The historical data trend for Usha Martin's ROA % 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.
For the Steel subindustry, Usha Martin's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Usha Martin's ROA % distribution charts can be found below:
* The bar in red indicates where Usha Martin's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Usha Martin (NSE:USHAMART) has a ROA % of 14.04% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Usha Martin and its competitors. This is 43% above median its historical median of 9.82. According to the industry distribution chart, Usha Martin ranks #61 out of 637 companies in the Steel industry, placing it in the top 9.6%.
Is Usha Martin's ROA % too high?
Usha Martin's current ROA % of 14.04% is 43% above median its 10-year median of 9.82. The Steel industry median ROA % is 1.92. Usha Martin's value of 14.04% is 631.3% above this industry median. Based on the distribution chart, Usha Martin ranks #61 out of 637 companies in the Steel industry, which is in the top quartile — a strong position 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 ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Usha Martin ranks #61 out of 637 companies for ROA %. This places Usha Martin in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 1.92. Usha Martin's value of 14.04% is 631.3% above this benchmark. While the company's 10-year median is 9.82 vs. the industry median of 1.92, 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 ROA % for a Steel company?
The median ROA % among Steel companies is 1.92, based on 637 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Usha Martin's current ROA % of 14.04% is 631.3% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Usha Martin and its competitors. For the Steel industry, the median ROA % is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usha Martin's current ROA % is 14.04%, which is 43% above median its own 10-year median of 9.82. 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 ₹418.33, compared to a current price of ₹473.10 — trading 13.1% above its estimated fair value. The current ROA % is 14.04%, which is 43% above median its 10-year median of 9.82 and 631.3% above the Steel industry median of 1.92. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Usha Martin (NSE:USHAMART), the current ROA % is 14.04% 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 ₹473.10 is trading 13.1% above its estimated GF Value™ of ₹418.33.
GuruFocus considers Usha Martin to be Modestly Overvalued.
Key valuation signals for NSE:USHAMART:
ROA %: 14.04% (43% above median its 10-year median of 9.82)
GF Value™: ₹418.33 vs. price of ₹473.10 (13.1% above fair value)
Industry Position: 631.3% above the Steel median (#61 of 637)
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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