Usha Martin is a leading manufacturing company known for making a wide range of wire rope products, which have applications across the world. The company was established in the year 1960. Rajeev Jhawar is the Managing Director at Usha Martin Limited. He is the son of Brij Kishore Jhawar. Today Usha Martin is a multi-unit and multi-product organisation attaining greater heights under Rajeev Jhawar. He is also the Director of Neutral Publishing House Ltd.
Usha Martin is a leading manufacturing company known for making a wide range of wire rope products, which have applications across the world. The ropes manufactured by Usha Martin serve in some of the most critical applications across diversified industrial segments, which include oil & offshore, cranes, mining, elevators, aerials, fishing, conveyor belts and general engineering.
As a tree reaches steadily for the sky, Usha Martin’s EPS has grown 23% each year, compound, over the last three years. Top-line growth of Usha Martin can be seen as an indication that growth of the company is sustainable. As a general rule, we can say that if a company can keep up that sort of growth, shareholders will be smiling. All of this is possible, thanks to Managing Director Rajeev Jhawar, the backbone of Usha Martin.
Rajeev Jhawar, Managing Director at Usha Martin Limited is the son of Brij Kishore Jhawar. He has been the MD of Usha Martin since May 19, 2008. Rajeev Jhawar is also the Director of Neutral Publishing House Ltd. Rajeev Jhawar directly owns ₹365m worth of shares in the company, showing that he is deeply invested in the company’s success. His major focus is on the future growth potential of the company and developing business strategies to achieve it.
Usha Martin has been giving good news of its growth, after the company was made debt-free under Rajeev Jhawar’s leadership. Usha Martin is growing revenues, and EBIT margins improved by 3.9 percentage points to 12%, over the last year. Achieving these two feats can be considered as a good sign of growth. Usha Martin’s stock has also increased significantly by 51% over the past month. On comparing with the industry net income growth, Usha Martin’s growth is quite high when compared to the industry average growth of 19% in the same period, which is great when equated to the recent past.
Usha Martin has a decent Return on Equity. Further, the company’s ROE is similar to the industry average of 15%. This probably goes some way in explaining Usha Martin’s significant 56% net income growth over the past five years amongst other factors. The management of Rajeev Jhawar and his strong determination is another aspect that is positively influencing the company’s earnings growth. The company’s management also has made some good strategic decisions over the last financial years and the company also has a low payout ratio.
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