Usha Martin: Completion of Slump Sale of the Business Undertaking of U M Cables Limited ("Wholly Owned Subsidiary")
Usha Martin (USHAMART) filed a disclosure titled "Completion of Slump Sale of the Business Undertaking of U M Cables Limited ("Wholly Owned Subsidiary")". The company is valued at about ₹13,588 crore.
What happened
Usha Martin (USHAMART) filed a disclosure with the exchanges on 1 November 2026 at 10:40 AM titled "Completion of Slump Sale of the Business Undertaking of U M Cables Limited ("Wholly Owned Subsidiary")".
Company snapshot
Usha Martin is a small-cap company in the Capital Goods sector, with a market value of about ₹13,588 crore.
The stock last traded at ₹445.9, against a 52-week range of ₹380–₹542.6 (17.8% below the high).
Before this filing the shares had moved −10.6% over the month and −11.5% over three months. Average daily turnover over the last 20 sessions was about ₹25.58 crore.
Promoters held 40.28% at the end of Q1 FY27, down 0.24% points from the previous quarter. Foreign institutions owned 15.10% and domestic institutions 15.26%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 887 | 100.9 | 3.31 |
| Q2 FY26 | 908 | 109.7 | 3.61 |
| Q3 FY26 | 917 | 107.6 | 3.53 |
| Q4 FY26 | 979 | 147.8 | 4.85 |
| Q1 FY27 | 1,033 | 142 | 4.66 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 1 earlier filing of this kind on record since May 2026.
Across 166 similar disclosures by other Capital Goods companies, shares moved −0.1% on average the next day and −0.2% over five days; 46% of them rose the next day.
Market-wide, 2,235 m&a filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.