250% profit will be available on each Usha Martin share, the company has given dividend 13 times, 114% stock jump
The market cap of Usha Martin share is Rs. 6500 crore. Usha Martin is among the top wire rope producers worldwide. The company is a leading manufacturer of Wire Ropes in Ranchi, Hoshiarpur, Dubai, Bangkok and UK.
Usha Martin share, a listed company in the stock market, has declared a dividend of 250%. According to the information given to the stock market, the board of directors of the company has approved the proposal of dividend of Rs 2.50 per share or 250%. This is subject to the approval of the shareholders in the forthcoming Annual General Meeting (AGM) of the company and will be paid as per applicable guidelines. Let us tell you that since August 7, 2001, the company has issued 13 dividends.
how were the quarterly results of Usha Martin Share. The company’s revenue in the last financial year was Rs 3,267.8 crore. There is an increase of 21.6% over the same period a year ago. Growth in the company’s international business has led to an increase in revenue. Talking about the company’s EBITDA, it has jumped 33.8%. Last financial year it was Rs 513.3 crore. A year ago it was Rs 383.7 crore. Talking about profit, it has increased by 20.3% to reach Rs. 350.6 crore. A year ago the profit was Rs. 291.4 crore.
Current Share Price
On last Friday, the share price of Usha Martin was Rs. 213.30. It is down 2.80% from Rs. 219.45 the day before. The stock touched a 52-week high of Rs. 228.55 on 6 April 2023. Whereas, on June 20, 2022, touched a 52-week low of Rs. 99.45. The stock is up 114.47% from its 1-year low.
Read More – Latest Tata Motors News
Usha Martin Share Dividend History
Talking about the dividend history of Usha Martin, since August 2001, the company has paid dividend about 13 times. In the last 12 months, the company has given a dividend of Rs 2.00 per share to the shareholders. At the current market price, the dividend yield of the company comes to around 0.94%.
Shares of Usha Martin closed at Rs 213.30, down 2.80 per cent on the NSE on Friday, April 28. The company’s shares hit a 52-week low of Rs 99.25. In this way, the company’s shares have gained more than 114% from their 52-week low.
Usha Martin helps for farming
Masu farmer Premnath Mahto is earning well by cultivating strawberries with the help of Usha Martin Company. In the last three months, strawberries worth Rs 1.5 lakh have been sold. In November last year, Premnath had planted one thousand strawberry plants on seven decimals of land. Right now it is being sold continuously in the market. Premnath has also sold chillies worth Rs 90,000. The company cooperated in this too.
Before the year 2020, he used to somehow survive by cultivating paddy. Due to lack of water facility, the crisis of food used to arise. Farming was good, but it didn’t seem to make any profit. After this, wife Mamta Devi met the supervisor of Usha Martin Foundation in the initial phase of Corona.
After this, the yield increased by cultivating paddy using Srividhi, an advanced technique. After this I also went to a training, so I felt that farming itself has to be made a weapon of self-reliance. After this, to save water, resorted to drip irrigation method. So that farming can be done with less water.
Contributed by Usha Martin. During this, the officials of the foundation said that if there is so much land, then become the owner. This thing happened. Then in 2021 started increasing farming. With the help of Usha Martin, cultivated watermelon on 30 decimals and a total of two acres. This earned more than one lakh. Last year, by selling 20 tonnes of watermelon, he earned three and a half lakh rupees. In 2023, cultivated watermelon on three acres. Its seeds and training are being received with the help of Usha Martin.
Stay Connect with us by Joining on Social Media –
Follow us on Facbook
Follow us on Instagram
Subscribe us on Youtube