USHA MARTIN EDUCATION & SOLUTI (UMESLTD): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹4.4 latest close · −27.2% over the last 90 sessions

₹4.4 month-end · −9.8% over 12 months

₹4.4 month-end · −17.8% over 3 years

₹4.4 month-end · +203.4% since Feb '19

52-week range ₹3.53 to ₹7.14 · 1-year volatility 57.0%

Was the rally earned?

1 year3 years5 years

-10%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 14 points, but investors now pay less per rupee of profit (P/E 37.5x to 29.3x), which took 23 points back.
The share count barely moved.

Net profit growth+14 ptsNet profit rose about 15%, which lifts the price.

P/E change-23 ptsThe P/E fell from 37.5x to 29.3x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

-18%share price, 3 yearsLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 183 points, but investors now pay less per rupee of profit (P/E 267.5x to 29.3x), which took 201 points back.
The share count barely moved.

Net profit growth+183 ptsNet profit rose about 650%, which lifts the price.

P/E change-201 ptsThe P/E fell from 267.5x to 29.3x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

-22%share price, 5 yearsLower P/E held it back

Earnings helped, the multiple did not.

Per-share earnings added 240 points, but investors now pay less per rupee of profit (P/E 565.0x to 29.3x), which took 262 points back.
The share count barely moved.

Net profit growth+240 ptsNet profit rose about 1399%, which lifts the price.

P/E change-262 ptsThe P/E fell from 565.0x to 29.3x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with BHARAT FORGE

How rough has the ride been?

Maximum drawdown-65.1%recovered 2023-09

1-year volatility57.0%annualised

Drawdown from peak

Largest drawdowns

-65.1% (2021-02 peak to 2022-03 low, recovered 2023-09)

-65.0% (2019-06 peak to 2020-05 low, recovered 2020-12)

-61.6% (2024-07 peak to 2026-03 low, not yet recovered)

Is it expensive against its own past and its peers?

29.3xP/E todayNear its historic low

Against its own history4th percentile

CheapestMedian 170.5xDearest

Usual range 37.2x to 406.5x since 2019-02.

Against Producer Manufacturing29.3x vs 29.6x

This company

29.3x

Sector median

29.6x

Close to the Producer Manufacturing median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/B (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

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P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Producer Manufacturing is valued

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE63rd▲ 54 pts vs a year ago
Op. margin95th▲ 3 pts vs a year ago
Revenue growth92nd▲ 87 pts vs a year ago
EPS growth57th▼ 38 pts vs a year ago
Debt/equity ↓71st▲ 33 pts vs a year ago
Cash cycle ↓93rdflat vs a year ago
P/E ↓51st▲ 8 pts vs a year ago
12M momentum45th▲ 19 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~28%annual earnings growth implied by the price

At a P/E of 59.0x, the price would imply about 28.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹4.40
P/E: 29.3x
ROCE: 18.0%
Market Cap: ₹12 cr
Revenue (TTM): ₹1 cr
P/S: 13.5x
P/B: 4.7x
ROE: 16.1%
Operating Margin: 25.0%
Debt / Equity: 0.1x
Promoter Holding: 39.8%
12M Momentum: -9.8%

52-week range

₹3.53₹7.14

24% of the way from its 52-week low to its high

Price risk

1Y volatility

57.0%

Beta vs sector

1-year daily

0.24

Balance sheet & cash

Debt service

no meaningful debt

Cash from profit, 3Y

operating cash flow ÷ net profit

2.85x

Share count, 1Y

unchanged

Are profits backed by cash?

5 of 6checks within range1 beyond a threshold

Other income reliance-3%Within range

Other income as a share of pre-tax profit (trailing twelve months): -2.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate0%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: 0.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion2.85xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.85x (cash from operations ₹2.4 cr, net profit ₹0.8 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history0 daysWithin range

Debtor days are below the median of the previous three fiscal years by 0 days (0 vs 0). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 3 years, promoters trimmed 0.7 pts.
The number of shareholders rose from 35,268 to 38,760 (+10%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters40.6%39.8%-0.7 pts

FIIs1.7%1.7%0.0 pts

DIIs1.8%1.3%-0.5 pts

Public and others56.0%57.2%+1.2 pts

Number of shareholders

38,760shareholders+10% since Dec '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−0.9%typical 12-month return vs the marketNot meaningfully different from the base rate

We found 50 past situations where a non-financial company looked like USHA MARTIN EDUCATION & SOLUTI today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −29% to +26% vs the market, against −7% for all non-financial companies in the same months.
The gap against the base rate (+6.2%, 80% range −7.9% to +12.0%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge

Similar setups' median

−0.9%

All companies' median

−7.1%

Beat the market

50% vs 42%

50 past situations · 50 companies · 31 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
HGM Miscellaneous	Sep 2024	34x	16%	+44%	−27%	+1%
JITFINFRA Transportation	Jun 2024	62x	13%	+51%	−9%	−59%
AAATECH Technology Services	Jan 2024	43x	16%	+53%	−8%	−5%
DRCSYSTEMS Technology Services	Jan 2024	39x	31%	+55%	−10%	+20%
INDBANK Finance	Feb 2022	25x	10%	+51%	−38%	+5%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
FELIX Industrial Services	Sep 2025	24x	14%	−30%	−37%	+4%
AIRAN Technology Services	May 2021	38x	10%	+116%	−14%	−13%
TOUCHWOOD Consumer Services	Oct 2022	53x	19%	0%	−22%	+70%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/E. Not used (unavailable for this company): interest cover. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to USHA MARTIN EDUCATION & SOLUTI. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

23 events since Mar '19

2026
JunResultsRevenue (TTM) reached a new high of ₹1 cr.
JunValuationP/E fell below the 10th percentile of its own history to date (38.8x).
JunPeer rankMoved into the 2nd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
JunDebtDebt / equity halved over 12 months to 0.09x.
MarPriceFell 62% from the Jul 2024 peak to the Mar 2026 low.
2025
SepPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the bottom quartile).
JunValuationP/E fell below the 10th percentile of its own history to date (45.7x).
MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the top quartile).

Show 15 earlier events

2024
DecPeer rankMoved into the top quartile of Producer Manufacturing on operating margin (from the bottom quartile).
SepPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the top quartile).
JulPriceRegained the 2023-09 peak, 8 months after the low.
JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the 3rd quartile).
2023
NovPriceFell 39% from the Sep 2023 peak to the Nov 2023 low.
SepPriceRegained the 2021-02 peak, 18 months after the low.
JunPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the top quartile).
2022
JunResultsYear-on-year EPS growth turned positive.
JunPeer rankMoved into the top quartile of Producer Manufacturing on EPS growth (from the bottom quartile).
MarPriceFell 65% from the Feb 2021 peak to the Mar 2022 low.
2020
DecPriceRegained the 2019-06 peak, 7 months after the low.
JunResultsEPS (TTM) turned positive.
MayPriceFell 65% from the Jun 2019 peak to the May 2020 low.
2019
AprPriceRegained the 2019-02 peak, 1 month after the low.
MarPriceFell 25% from the Feb 2019 peak to the Mar 2019 low.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history94 months · 2019-02 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	29.3x	₹1 cr	16.1%	18.0%	0.1x
2026-10	29.1x	₹1 cr	16.1%	18.0%	0.1x
2026-09	29.9x	₹1 cr	16.1%	18.0%	0.1x
2026-08	36.3x	₹1 cr	16.1%	18.0%	0.1x
2026-07	36.4x	₹1 cr	16.1%	18.0%	0.1x
2026-06	38.8x	₹1 cr	16.1%	18.0%	0.1x
2026-05	48.2x	₹1 cr	17.4%	3.4%	0.4x
2026-04	49.6x	₹1 cr	17.4%	3.4%	0.4x
2026-03	54.6x	₹1 cr	17.4%	3.4%	0.4x
2026-02	27.3x	₹1 cr	21.7%	3.4%	0.4x
2026-01	30.7x	₹1 cr	21.7%	3.4%	0.4x
2025-12	33.5x	₹1 cr	21.7%	3.4%	0.4x
2025-11	37.5x	₹1 cr	18.8%	3.4%	0.4x
2025-10	39.6x	₹1 cr	18.8%	3.4%	0.4x
2025-09	43.2x	₹1 cr	18.8%	3.4%	0.4x
2025-08	45.2x	₹1 cr	18.8%	3.4%	0.4x
2025-07	46.3x	₹1 cr	18.8%	3.4%	0.4x
2025-06	45.7x	₹1 cr	18.8%	3.4%	0.4x
2025-05	97.8x	₹1 cr	1.1%	3.1%	0.1x
2025-04	101.5x	₹1 cr	1.1%	3.1%	0.1x
2025-03	83.5x	₹1 cr	1.1%	3.1%	0.1x
2025-02	140.3x	₹1 cr	0.7%	3.1%	0.1x
2025-01	177.0x	₹1 cr	0.7%	3.1%	0.1x
2024-12	171.0x	₹1 cr	0.7%	3.1%	0.1x
2024-11	119.8x	₹1 cr	1.1%	3.1%	0.1x
2024-10	138.3x	₹1 cr	1.1%	3.1%	0.1x
2024-09	109.5x	₹1 cr	1.1%	3.1%	0.1x
2024-08	131.3x	₹1 cr	1.1%	3.1%	0.1x
2024-07	147.8x	₹1 cr	1.1%	3.1%	0.1x
2024-06	87.8x	₹1 cr	1.1%	3.1%	0.1x
2024-05	250.0x	₹1 cr	0.4%	1.5%	0.2x
2024-04	277.5x	₹1 cr	0.4%	1.5%	0.2x
2024-03	232.5x	₹1 cr	0.4%	1.5%	0.2x
2024-02	295.0x	₹1 cr	0.4%	1.5%	0.2x
2024-01	302.5x	₹1 cr	0.4%	1.5%	0.2x
2023-12	310.0x	₹1 cr	0.4%	1.5%	0.2x
2023-11	267.5x	₹1 cr	0.4%	1.5%	0.2x
2023-10	247.5x	₹1 cr	0.4%	1.5%	0.2x
2023-09	347.5x	₹1 cr	0.4%	1.5%	0.2x
2023-08	212.5x	₹1 cr	0.4%	1.5%	0.2x
2023-07	167.5x	₹1 cr	0.4%	1.5%	0.2x
2023-06	175.0x	₹1 cr	0.4%	1.5%	0.2x
2023-05	182.5x	₹1 cr	0.4%	1.3%	0.2x
2023-04	200.0x	₹1 cr	0.4%	1.3%	0.2x
2023-03	157.5x	₹1 cr	0.4%	1.3%	0.2x
2023-02	172.5x	₹1 cr	0.4%	1.3%	0.2x
2023-01	237.5x	₹1 cr	0.4%	1.3%	0.2x
2022-12	235.0x	₹1 cr	0.4%	1.3%	0.2x
2022-11	280.0x	₹1 cr	0.4%	1.3%	0.2x
2022-10	212.5x	₹1 cr	0.4%	1.3%	0.2x
2022-09	212.5x	₹1 cr	0.4%	1.3%	0.2x
2022-08	230.0x	₹1 cr	0.4%	1.3%	0.2x
2022-07	282.5x	₹1 cr	0.4%	1.3%	0.2x
2022-06	175.0x	₹1 cr	0.4%	1.3%	0.2x
2022-05	625.0x	₹1 cr	0.2%	1.2%	0.2x
2022-04	685.0x	₹1 cr	0.2%	1.2%	0.2x
2022-03	410.0x	₹1 cr	0.2%	1.2%	0.2x
2022-02	335.0x	₹1 cr	0.2%	1.2%	0.2x
2022-01	575.0x	₹1 cr	0.2%	1.2%	0.2x
2021-12	725.0x	₹1 cr	0.2%	1.2%	0.2x
2021-11	565.0x	₹1 cr	0.2%	1.2%	0.2x
2021-10	490.0x	₹1 cr	0.2%	1.2%	0.2x
2021-09	400.0x	₹1 cr	0.2%	1.2%	0.2x
2021-08	360.0x	₹1 cr	0.2%	1.2%	0.2x
2021-07	405.0x	₹1 cr	0.2%	1.2%	0.2x
2021-06	445.0x	₹1 cr	0.2%	1.2%	0.2x
2021-05	220.0x	₹1 cr	0.4%	1.3%	0.2x
2021-04	150.0x	₹1 cr	0.4%	1.3%	0.2x
2021-03	170.0x	₹1 cr	0.4%	1.3%	0.2x
2021-02	182.5x	₹1 cr	0.4%	1.3%	0.2x
2021-01	317.5x	₹1 cr	0.4%	1.3%	0.2x
2020-12	135.0x	₹1 cr	0.4%	1.3%	0.2x
2020-11	62.5x	₹1 cr	0.4%	1.3%	0.2x
2020-10	67.5x	₹1 cr	0.4%	1.3%	0.2x
2020-09	52.5x	₹1 cr	0.4%	1.3%	0.2x
2020-08	55.0x	₹1 cr	0.4%	1.3%	0.2x
2020-07	70.0x	₹1 cr	0.4%	1.3%	0.2x
2020-06	75.0x	₹1 cr	0.4%	1.3%	0.2x
2020-05	—	₹1 cr	-0.8%	1.7%	0.2x
2020-04	—	₹1 cr	-0.8%	1.7%	0.2x
2020-03	—	₹1 cr	-0.8%	1.7%	0.2x
2020-02	—	₹1 cr	-0.8%	1.7%	0.2x
2020-01	—	₹1 cr	-0.8%	1.7%	0.2x
2019-12	—	₹1 cr	-0.8%	1.7%	0.2x
2019-11	—	₹1 cr	-0.8%	1.7%	0.2x
2019-10	—	₹1 cr	-0.8%	1.7%	0.2x
2019-09	—	₹1 cr	-0.8%	1.7%	0.2x
2019-08	—	₹1 cr	-0.8%	1.7%	0.2x
2019-07	—	₹1 cr	-0.8%	1.7%	0.2x
2019-06	—	₹1 cr	-0.8%	1.7%	0.2x
2019-05	—	₹1 cr	-1.1%	1.1%	0.2x
2019-04	—	₹1 cr	-1.1%	1.1%	0.2x
2019-03	—	₹1 cr	-1.1%	1.1%	0.2x
2019-02	—	₹1 cr	-1.1%	1.1%	0.2x

Methodology and data notes