Usha Martin Limited (USHAMART.BO) is currently considered halal (Sharia-compliant), per In-house ratio engine (last assessed 2026-08-26). See the full ratio breakdown and business-activity screen below for the reasoning.
Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2026-03-31. USHAMART.BO files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.
Business activity: cleared (no excluded categories detected)
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 2.10% | 30.00% | Pass |
| Interest-bearing investments | 3.21% | 30.00% | Pass |
| Non-permissible income | 0.89% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 7.40% | 33.00% | Pass |
| Interest-bearing investments | 11.32% | 33.00% | Pass |
| Non-liquid assets | 73.40% | at least 20.00% | Pass |
| Non-permissible income | 0.89% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 7.40% | 33.33% | Pass |
| Cash + interest-bearing securities | 11.32% | 33.33% | Pass |
| Accounts receivable | 26.60% | 33.33% | Pass |
| Non-permissible income | 0.89% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 7.40% | 33.33% | Pass |
| Cash + interest-bearing securities | 11.32% | 33.33% | Pass |
| Accounts receivable | 26.60% | 50.00% | Pass |
| Non-permissible income | 0.89% | 5.00% | Pass |
Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 2.62% | 33.00% | Pass |
| Cash + interest-bearing securities | 4.00% | 33.00% | Pass |
| Accounts receivable | 5.40% | 33.00% | Pass |
| Non-permissible income | 0.89% | 5.00% | Pass |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 2.78% | 33.00% | Pass |
| Cash + interest-bearing securities | 4.25% | 49.00% | Pass |
| Accounts receivable | 5.73% | 49.00% | Pass |
| Non-permissible income | 0.89% | 5.00% | Pass |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 2.78% | 33.33% | Pass |
| Cash + interest-bearing securities | 4.25% | 33.33% | Pass |
| Accounts receivable | 9.98% | 49.00% | Pass |
| Non-permissible income | 0.89% | 5.00% | Pass |
Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.
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Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 48.80 | NEUTRAL |
| Stochastic %K (14) | 38.53 | NEUTRAL |
| CCI (20) | -17.96 | NEUTRAL |
| Williams %R (14) | -61.47 | NEUTRAL |
| MACD (12,26,9) | 0.38 | BUY |
| ROC (10) | 0.28 | BUY |
| Momentum (10) | 1.40 | BUY |
| EMA (10) | 500.61 | SELL |
| SMA (10) | 500.81 | SELL |
| EMA (20) | 499.55 | SELL |
| SMA (20) | 497.05 | BUY |
| EMA (30) | 498.70 | SELL |
| SMA (30) | 499.66 | SELL |
| EMA (50) | 495.57 | BUY |
| SMA (50) | 499.51 | SELL |
| EMA (100) | 484.11 | BUY |
| SMA (100) | 487.10 | BUY |
| EMA (200) | 463.96 | BUY |
| SMA (200) | 454.66 | BUY |
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Basic Materials · Steel
Usha Martin Limited, together with its subsidiaries, manufactures and sells steel wires, strands, wire ropes, wire drawing and allied machine, cord, and related accessories in India and internationally. The company offers wire ropes, including crane, mining, elevator, oil and offshore, fishing, general engineering, aerial transportation, structural, and forestry ropes, as well as conveyor cords. It also provides spring, welding, fencing, ACSR, needle, mesh, fishhook, CHQ, spoke, and brush wires; LRPC strands comprising compacted, indented, un-bonded polymer coated, and bonded polymer LRPC strands; and wire drawing, tabular stranding, planetary stranding, bunching, and wire treatment machines. In addition, the company offers pre-tensioning, and post-tensioning solutions; prestressing solutions; and optical fiber, aerial cables, micro ducts, hybrid category, FTTH/drop, aerial copper, duct copper, and jelly filled copper cables. It serves engineering, construction, infrastructure and structural, oil and offshore, crane, auto, elevator, utilities, mining, and fishing industries. The company was formerly known as Usha Beltron Limited and changed its name to Usha Martin Limited in May 2003. The company was founded in 1960 and is based in Kolkata, India.
Background via Yahoo Finance — informational, not part of the verdict.
Peer movement computing — it will appear here on its own.
NO DATA 0 buys · 0 sells
NEUTRAL report date 2026-09-01 · Asset managers net 934180 (-19048)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.
