---
title: "Usher Agro Ltd (USHERAGRO) — Share Price, Financials & Analysis"
symbol: "USHERAGRO"
company: "Usher Agro Ltd"
canonical: "https://tapetide.com/stocks/USHERAGRO"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
generated_at: "2026-09-13T18:59:15.613Z"
---

# Usher Agro Ltd (USHERAGRO)

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

## Company

- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** usheragro.com

## About

Usher Agro Limited is engages in the production and sale of agricultural products. The company offers raw rice, parboiled/steamed rice, and brown rice, as well as husk.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.91% over past five years.
- Contingent liabilities of Rs.79.5 Cr.
- Company has high debtors of 570 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| revenue growth | -60% | -23% | -5% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 308 | 227 | 85 | 72 | 52 | 24 | 25 | 18 | 13 | 11 | 13 | 11 |
| Expenses | 597 | 368 | 147 | 189 | 87 | 26 | 31 | 20 | 798 | 17 | 20 | 16 |
| Operating Profit | -289 | -141 | -63 | -117 | -35 | -3 | -6 | -2 | -784 | -6 | -7 | -5 |
| OPM % | -94 | -62 | -74 | -162 | -67 | -11 | -23 | -11 | -5930 | -51 | -56 | -49 |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest | 32 | 32 | 37 | 4 | -45 | 0 | 1 | -2 | 272 | 37 | 38 | 38 |
| Depreciation | 9 | 9 | 9 | 9 | 8 | 10 | 9 | 10 | 5 | 7 | 7 | 7 |
| Profit before tax | -329 | -181 | -109 | -130 | 2 | -12 | -16 | -9 | -1061 | -50 | -51 | -50 |
| Tax % | -2 | 0 | 0 | 0 | 0 | 0 | -29 | -33 | 0 | -5 | 0 | -1 |
| Net Profit | -322 | -181 | -109 | -130 | 2 | -12 | -11 | -6 | -1059 | -47 | -52 | -49 |
| EPS in Rs | -84.64 | -47.52 | -28.58 | -16.72 | 0.26 | -1.59 | -1.45 | -0.81 | -136.28 | -6.08 | -6.64 | -6.31 |

### Profit & Loss

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

| Item | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 9m | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 208 | 342 | 561 | 811 | 949 | 1222 | 1277 | 1579 | 436 | 48 |
| Expenses | 181 | 294 | 486 | 704 | 820 | 1063 | 1110 | 1721 | 789 | 850 |
| Operating Profit | 27 | 48 | 75 | 107 | 129 | 159 | 167 | -142 | -353 | -803 |
| OPM % | 13 | 14 | 13 | 13 | 14 | 13 | 13 | -9 | -81 | -1678 |
| Other Income | 1 | 1 | 2 | 2 | 2 | 5 | 1 | 2 | 1 | 1 |
| Interest | 5 | 14 | 22 | 39 | 50 | 77 | 82 | 120 | 30 | 384 |
| Depreciation | 2 | 5 | 9 | 15 | 15 | 21 | 31 | 39 | 35 | 26 |
| Profit before tax | 20 | 29 | 46 | 55 | 65 | 67 | 54 | -298 | -417 | -1212 |
| Tax % | 25 | 19 | 23 | 23 | 30 | 4 | 23 | 0 | 0 | — |
| Net Profit | 15 | 24 | 35 | 42 | 45 | 64 | 42 | -299 | -417 | -1206 |
| EPS in Rs | 6.98 | 11.07 | 9.31 | 11.12 | 11.92 | 16.94 | 11 | -78.6 | -53.75 | -155.31 |
| Dividend Payout % | 7 | 9 | 16 | 13 | 0 | 0 | 5 | 0 | 0 | — |

### Balance Sheet

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

| Item | Jun 2008 | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 18 | 21 | 22 | 38 | 38 | 38 | 38 | 38 | 38 | 78 |
| Reserves | 32 | 46 | 81 | 198 | 234 | 279 | 346 | 374 | 75 | -338 |
| Borrowings | 41 | 95 | 215 | 322 | 473 | 627 | 778 | 932 | 1034 | 997 |
| Other Liabilities | 14 | 29 | 31 | 52 | 74 | 92 | 136 | 218 | 383 | 433 |
| Total Liabilities | 104 | 191 | 349 | 610 | 819 | 1036 | 1297 | 1562 | 1530 | 1170 |
| Fixed Assets | 25 | 76 | 78 | 154 | 152 | 138 | 359 | 340 | 313 | 282 |
| CWIP | 27 | 6 | 27 | 19 | 44 | 141 | 30 | 36 | 41 | 42 |
| Investments | 1 | 4 | 15 | 18 | 17 | 17 | 17 | 17 | 86 | 86 |
| Other Assets | 52 | 105 | 229 | 420 | 605 | 740 | 891 | 1169 | 1090 | 758 |
| Total Assets | 104 | 191 | 349 | 610 | 819 | 1036 | 1297 | 1562 | 1530 | 1170 |

### Cash Flow

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

| Item | Jun 2008 | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -4 | -22 | -69 | 25 | 18 | 77 | 119 | 139 | 167 | -45 |
| Cash from Investing Activity | -26 | -36 | -39 | -79 | -39 | -107 | -108 | -18 | -56 | 27 |
| Cash from Financing Activity | 30 | 57 | 132 | 79 | 25 | 9 | -30 | -92 | -108 | 27 |
| Net Cash Flow | 0 | 0 | 24 | 25 | 4 | -21 | -18 | 28 | 4 | 9 |
| Free Cash Flow | -29 | -54 | -98 | -53 | -21 | -21 | 4 | 122 | 158 | -49 |
| CFO/OP | -18 | -71 | -134 | 40 | 24 | 69 | 84 | 88 | -119 | 14 |

### Ratios

| Item | Jun 2008 | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 64 | 65 | 70 | 85 | 94 | 92 | 79 | 100 | 105 | 570 |
| Inventory Days | 77 | 135 | 178 | 180 | 173 | 193 | 207 | 239 | 107 | 8 |
| Days Payable | 26 | 45 | 31 | 15 | 18 | 23 | 33 | 33 | 37 | 77 |
| Cash Conversion Cycle | 115 | 156 | 217 | 249 | 249 | 262 | 253 | 306 | 175 | 501 |
| Working Capital Days | 98 | 139 | 190 | 211 | 219 | 237 | 226 | 269 | 165 | 285 |
| ROCE % | 25 | 20 | 18 | 15 | 14 | 14 | 13 | 12 | -14 | -41 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- |
| Promoters | 14.98% | 14.98% | 14.98% |
| DIIs | 51.15% | 51.15% | 48.99% |
| Public | 33.86% | 33.86% | 36.03% |
| No. of Shareholders | 15947 | 14306 | 14230 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 30.58% | 30.58% | 14.98% | 14.98% | 14.98% | 14.98% | 14.98% | 14.98% | 14.98% | 14.98% |
| DIIs | 10.3% | 0.99% | 51.15% | 51.15% | 51.15% | 51.15% | 51.15% | 51.15% | 48.99% | 48.99% |
| Public | 59.12% | 68.43% | 33.86% | 33.86% | 33.86% | 33.86% | 33.86% | 33.86% | 36.03% | 36.03% |
| No. of Shareholders | 13105 | 16549 | 16351 | 15947 | 15622 | 15208 | 14511 | 14306 | 14350 | 14230 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 9 / 2

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 103.84 | Buy |
| EMA (10) | 100.32 | Buy |
| SMA (20) | 96.97 | Buy |
| EMA (20) | 98.1 | Buy |
| SMA (50) | 92.52 | Buy |
| EMA (50) | 97.56 | Buy |
| SMA (100) | 104.33 | Buy |
| EMA (100) | 105.02 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 58.02 | Neutral |
| MACD (12,26,9) | 2.75 | Sell |
| Stochastic (14,3,3) | 46.05 | Neutral |
| ADX (14) | 20.36 | Neutral |
| Williams %R (14) | -41.83 | Neutral |
| ATR (14) | 6.69 | High Volatility |
| ROC (12) | 19.18 | Buy |
| Stoch RSI (14) | 33.49 | Neutral |
| UO (7,14,28) | 42.52 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3022_USHERAGRO_2012_2013_28112013083336.zip) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327650318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327650317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327650316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327650315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327650614.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327650613.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327650612.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327650611.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport//5327650610.pdf) |

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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 2026-09-13T18:59:15.613Z.