---
title: "Ushdev International Ltd (USHDEVINT) — Share Price, Financials & Analysis"
symbol: "USHDEVINT"
company: "Ushdev International Ltd"
canonical: "https://tapetide.com/stocks/USHDEVINT"
isin: "INE981D01025"
bse_code: "511736"
sector: "Commodities"
industry: "Metals & Minerals Trading"
generated_at: "2026-09-13T19:57:03.689Z"
---

# Ushdev International Ltd (USHDEVINT)

Canonical page: https://tapetide.com/stocks/USHDEVINT

## Company

- **BSE Code:** 511736
- **ISIN:** INE981D01025
- **Sector:** Commodities
- **Industry:** Metals & Minerals Trading
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** ushdev.com

## About

Incorporated in 1994, Ushdev International Ltd is in Metal Trading and Wind Power Generation business.

## Latest Price

- **Price:** ₹1.03
- **Change:** +0.04 (+4.04%)
- **Open:** ₹1.03
- **Day High:** ₹1.03
- **Day Low:** ₹0.95
- **Previous Close:** ₹0.99
- **Volume:** 91438
- **As Of:** 2024-06-12T03:04:53+00:00

## Key Insights

### Strengths

- Debtor days have improved from 146 to 94.1 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -7.97% over past five years.
- Contingent liabilities of Rs.1,357 Cr.
- Promoters have pledged 38.0% of their holding.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -86% | 11% | — |
| revenue growth | -7% | -1% | -8% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 6.35 | 1.35 | 1.31 | 3.9 | 7.93 | 1.72 | 1.48 | 3.25 | 5.97 | 1.63 | 1.48 | 4.25 |
| Expenses | 23.37 | 8.92 | -3.63 | 3.63 | 10.32 | 3.04 | 2.32 | 2.21 | 5.34 | 15.73 | 0.8 | 4.46 |
| Operating Profit | -17.02 | -7.57 | 4.94 | 0.27 | -2.39 | -1.32 | -0.84 | 1.04 | 0.63 | -14.1 | 0.68 | -0.21 |
| OPM % | -268.03 | -560.74 | 377.1 | 6.92 | -30.14 | -76.74 | -56.76 | 32 | 10.55 | -865.03 | 45.95 | -4.94 |
| Other Income | 0.36 | 0.28 | 0.57 | 0.87 | 1.72 | 1.3 | -2.2 | 0.43 | 0.44 | 1.23 | 0.34 | 0.61 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1.79 | 1.8 | 1.76 | 1.78 | 1.8 | 1.8 | 1.78 | 1.78 | 1.8 | 1.8 | 1.76 | 1.78 |
| Profit before tax | -18.45 | -9.09 | 3.75 | -0.64 | -2.47 | -1.82 | -4.82 | -0.31 | -0.73 | -14.67 | -0.74 | -1.38 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -18.45 | -9.09 | 3.75 | -0.63 | -2.47 | -1.82 | -4.81 | -0.31 | -0.72 | -14.67 | -0.74 | -1.37 |
| EPS in Rs | -0.55 | -0.27 | 0.11 | -0.02 | -0.07 | -0.05 | -0.14 | -0.01 | -0.02 | -0.43 | -0.02 | -0.04 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2502 | 134 | 21 | 19 | 15 | 13 | 14 | 15 | 12 | 13 |
| Expenses | 2695 | 291 | 3095 | 26 | 92 | 33 | 55 | 19 | 24 | 26 |
| Operating Profit | -193 | -157 | -3073 | -7 | -76 | -20 | -41 | -4 | -12 | -13 |
| OPM % | -8 | -117 | -14368 | -38 | -497 | -160 | -286 | -28 | -95 | -98 |
| Other Income | 126 | -2814 | 2405 | -40 | 95 | 1 | 1 | 2 | 2 | 3 |
| Interest | 209 | 5 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Profit before tax | -284 | -2984 | -677 | -55 | 12 | -27 | -46 | -10 | -16 | -18 |
| Tax % | -19 | 2 | 0 | 130 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -229 | -3040 | -677 | -126 | 12 | -27 | -46 | -10 | -16 | -18 |
| EPS in Rs | -6.77 | -89.81 | -19.99 | -3.72 | 0.34 | -0.78 | -1.37 | -0.29 | -0.49 | -0.51 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
| Reserves | 967 | 742 | -2291 | -3016 | -3155 | -3143 | -3169 | -3215 | -3225 | -3241 |
| Borrowings | 1758 | 2569 | 2497 | 2498 | 2500 | 2499 | 2500 | 2502 | 2503 | 2504 |
| Other Liabilities | 1509 | 866 | 593 | 631 | 742 | 728 | 759 | 803 | 797 | 812 |
| Total Liabilities | 4268 | 4210 | 833 | 147 | 122 | 118 | 124 | 125 | 109 | 108 |
| Fixed Assets | 120 | 116 | 103 | 96 | 90 | 82 | 75 | 68 | 61 | 54 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 158 | 64 | 66 | 13 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 3988 | 4031 | 664 | 37 | 32 | 35 | 49 | 56 | 48 | 54 |
| Total Assets | 4268 | 4210 | 833 | 147 | 122 | 118 | 124 | 125 | 109 | 108 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -272 | -1228 | 199 | 4 | -1 | 10 | 13 | 6 | -9 | 6 |
| Cash from Investing Activity | 1066 | 321 | -81 | 3 | -1 | 0 | 1 | 1 | 2 | 2 |
| Cash from Financing Activity | -792 | -1323 | -74 | 0 | 0 | -1 | 1 | 2 | 0 | 1 |
| Net Cash Flow | 2 | -2230 | 44 | 7 | -2 | 9 | 15 | 9 | -7 | 9 |
| Free Cash Flow | -275 | -1228 | 114 | 4 | -2 | 10 | 13 | 6 | -9 | 6 |
| CFO/OP | -108 | 636 | -127 | 0 | 14 | -13 | -64 | -15 | 219 | -52 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 131 | 510 | 1608 | 210 | 332 | 278 | 303 | 200 | 145 | 94 |
| Inventory Days | 1 | 0 | 0 | — | — | — | — | — | — | — |
| Days Payable | 63 | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 70 | 510 | 1608 | 210 | 332 | 278 | 303 | 200 | 145 | 94 |
| Working Capital Days | 2 | 63 | -6628 | -53018 | -62983 | -76313 | -93479 | -84846 | -79941 | -98001 |
| ROCE % | 11 | -2 | -9 | — | — | — | — | — | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 54.4% | 49.04% | 45.01% | 45.01% | 45.01% | 40.81% | 40.7% | 40.7% | 40.7% | 40.7% | 40.7% |
| FIIs | 5.19% | 4.85% | 4.35% | 4.28% | 4.1% | 3.22% | 1.06% | 0.43% | 0.43% | 13.19% | 13.19% |
| DIIs | 13.12% | 5.42% | 5.43% | 5.43% | 5.43% | 5.43% | 5.42% | 5.42% | 5.42% | 5.36% | 5.36% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.06% | 0.06% |
| Public | 27.28% | 40.69% | 45.21% | 45.28% | 45.45% | 50.54% | 52.82% | 53.44% | 53.44% | 40.69% | 40.68% |
| No. of Shareholders | 1002 | 1676 | 1745 | 1806 | 2430 | 14516 | 13725 | 13316 | 13252 | 13253 | 13252 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 40.7% | 40.7% | 40.7% | 40.7% | 40.7% | 40.7% | 40.7% | 40.7% | 40.7% | 40.7% | 40.7% | 40.7% |
| FIIs | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% | 13.19% | 13.19% | 13.19% | 13.19% | 13.19% |
| DIIs | 5.42% | 5.42% | 5.42% | 5.42% | 5.42% | 5.42% | 5.42% | 5.36% | 5.36% | 5.36% | 5.36% | 5.36% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
| Public | 53.44% | 53.45% | 53.44% | 53.44% | 53.44% | 53.44% | 53.44% | 40.68% | 40.69% | 40.69% | 40.69% | 40.68% |
| No. of Shareholders | 13601 | 13566 | 13316 | 13252 | 13254 | 13254 | 13252 | 13254 | 13253 | 13253 | 13253 | 13252 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1.09 | Sell |
| EMA (10) | 1.09 | Sell |
| SMA (20) | 1.23 | Sell |
| EMA (20) | 1.18 | Sell |
| SMA (50) | 1.36 | Sell |
| EMA (50) | 1.32 | Sell |
| SMA (100) | 1.57 | Sell |
| EMA (100) | 1.4 | Sell |
| SMA (200) | 1.37 | Sell |
| EMA (200) | 1.48 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.63 | Neutral |
| MACD (12,26,9) | -0.11 | Sell |
| Stochastic (14,3,3) | 11.12 | Buy |
| ADX (14) | 25.35 | Buy |
| Williams %R (14) | -78.95 | Neutral |
| ATR (14) | 0.08 | High Volatility |
| ROC (12) | -25.36 | Sell |
| Stoch RSI (14) | 31.47 | Neutral |
| UO (7,14,28) | 39.83 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-07-20 | [E-Auction Sale Notice Of Assets Forming Part Of Liquidation Estate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31b1dbee-b3af-478e-96b6-e4d0bc0abce4.pdf) |
| 2026-06-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eda19645-0c6b-4399-bdc3-a3e81e06773b.pdf) |
| 2026-06-29 | [List Of Member Of Stakeholders Consultation Committee As On June 09 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1bf182df-b7be-4063-9039-8600a30358e5.pdf) |
| 2026-05-30 | [Compliances-Reg.24(A)-Annual Secretarial Compliance](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99e26e6f-0e31-4b5c-901c-0448f11bad4d.pdf) |
| 2026-05-29 | [Delay In Financial Results For The Year Ended 31.3.2026 Following The Liquidation Order Dated 16.10.2025 Passed By NCLT Mumbai.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4456b33-be8e-489f-83f3-2e5be8789a63.pdf) |
| 2026-04-27 | [List Of Member Of Stakeholders Consultation Committee As On April 23 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e21f5bb-abfe-41af-8760-a8fcd7dd4f26.pdf) |
| 2026-03-31 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=159537c7-0592-477a-9d80-6080693089e4.pdf) |
| 2026-03-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e07dbb81-549f-4cf7-b65a-a00c4b86c007.pdf) |
| 2026-03-07 | [Non-Filling Of Quarterly Financial Results For The Quarter Ended 31St December 2025 Pursuant To Liquidation Order.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=434ce0c1-7ab5-408e-bb5b-f9d530ed067d.pdf) |
| 2026-02-26 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5d01bd4-1053-4081-8a50-01d5493acc95.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Mar - Newspaper Advertisement regarding notice to Shareholders for transfer of equity to IEPF | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Mar - Newspaper Advertisement regarding notice to Shareholders for transfer of equity to IEPF](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e07dbb81-549f-4cf7-b65a-a00c4b86c007.pdf) |
| 7 Mar - NCLT-ordered liquidation (16/10/2025); Q3 31 Dec 2025 financials pending valuation and completion. | [Non-Filling Of Quarterly Financial Results For The Quarter Ended 31St December, 2025 Pursuant To Liquidation Order. 7 Mar - NCLT-ordered liquidation (16/10/2025); Q3 31 Dec 2025 financials pending valuation and completion.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/434ce0c1-7ab5-408e-bb5b-f9d530ed067d.pdf) |
| 27 Apr - Updated Stakeholder’s Consultation Committee list as on 23 April 2026 under liquidation process. | [List Of Member Of Stakeholder''''s Consultation Committee As On April 23, 2026. 27 Apr - Updated Stakeholder’s Consultation Committee list as on 23 April 2026 under liquidation process.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e21f5bb-abfe-41af-8760-a8fcd7dd4f26.pdf) |
| 24 Dec 2025 - Liquidator admitted total claims ₹119,349,653,513 across creditors; SCC as on 22 Dec 2025. | [List Of Member Of Stakeholder''s Consultation Committee As On 22Nd December 2025. 24 Dec 2025 - Liquidator admitted total claims ₹119,349,653,513 across creditors; SCC as on 22 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b3629fa-bb0f-457a-824c-a93c03d02944.pdf) |
| 16 Dec 2025 - Claims admitted Rs117,228,673,515 as of 15-Dec-2025; major banks and creditors listed. | [List Of Member Of Stakeholder'S Consultation Committee 16 Dec 2025 - Claims admitted Rs117,228,673,515 as of 15-Dec-2025; major banks and creditors listed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/49805160-3337-4f4b-bc62-59859f0e18e5.pdf) |
| 14h - Updated Stakeholder’s Consultation Committee list as on 23 April 2026 under liquidation process. | [List Of Member Of Stakeholder''''s Consultation Committee As On April 23, 2026. 14h - Updated Stakeholder’s Consultation Committee list as on 23 April 2026 under liquidation process.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5e21f5bb-abfe-41af-8760-a8fcd7dd4f26.pdf) |
| — | [Closure of Trading Window 31 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/159537c7-0592-477a-9d80-6080693089e4.pdf) |
| — | [Closure of Trading Window 26 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e5d01bd4-1053-4081-8a50-01d5493acc95.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/904a7c8d-33f2-499e-8f33-28b73bd026da.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/511736/76618511736.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/511736/70311511736.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/511736/65477511736.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/511736/5117360319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/511736/5117360318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/511736/5117360317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/511736/5117360316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/511736/5117360315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/511736/5117360314.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:57:03.689Z.