Usha Martin has the Opportunity for a Good Growth Over the next 3,4 Years – Rajeev Jhawar

Rajeev Jhawar is the son of Brij Kishore Jhawar. He has been the Managing Director at Usha Martin Limited since May 19, 2008. He is the Director of Neutral Publishing House Ltd. Usha Martin is 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.

Rajeev Jhawar is the son of Brij Kishore Jhawar. He has been the Managing Director at Usha Martin Limited since May 19, 2008.Usha Martin is 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.

Rajeev Jhawar is on the Boards of various corporates including Orient Cement Limited (part of CK Birla group companies) and Neutral Publishing House Limited which has a leading regional newspaper under the flagship title ‘Prabhat Khabar’ published in the Indian cities of Patna, Dhanbad, Ranchi, Jamshedpur & Kolkata. He is also a director on the boards of Usha Martin’s overseas subsidiaries, i.e Usha Martin International Limited in the UK, Usha Siam Industries Public Company Limited in Thailand and Brunton Wire Ropes FZCo in Dubai.

Rajeev Jhawar feels that Usha Martin is going to be a debt-free company. Being the global leaders in the wire rope business they have the opportunity to have good growth over the next 3,4 years. They also expect good growth both in terms of a top line and bottom line. Rajeev would wish a growth of at least 15 to 20% per year. It may take a year to build up the capacities in these areas. After that he is sure, that would be a then ongoing basis. They can expand and grow at this rate over the next few years.

Rajeev Jhawar also points out that 60% of their revenues are going in terms of EBITDA. The steel cycle has improved and over the last 2 quarters, the company has had a turnaround. It has been able to improve its bottom line both in the steel and wire rope business. Rajeev Jhawar thought that it would be a good opportunity to sell the steel business at these levels so that they can get a better valuation. This along with a better balance sheet, they have a solid rope business that can grow.

Rajeev Jhawar,Usha Martin

Rajeev Jhawar Usha Martin also never had any default. Usha Martin has been able to meet all its commitments to its lenders. There are no provisions that have been made by the lenders and they have been current on their repayments of both interest and principle. Their main lenders are SBI, ICICI, the axis along with a few others and they are very happy to see that the company has proactively taken this step and would be able to clear all its debt. Rajeev Jhawar expects that going forward it would continue to add value to its shareholders.