Studds Accessories Ltd

Studds Accessor. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Studds Accessories Ltd

₹ 550 0.25%
11 Nov 3:20 p.m.
studds.com BSE: 544599 NSE: STUDDS
About

Incorporated in 1975,Studds Accessories Limited is a manufacturer of two-wheeler helmets and motorcycle accessories.[1]

Key Points

Market Leadership[1]
Studds Accessories Limited is the largest two-wheeler helmet manufacturer in India by revenue and the world’s largest by volume. It designs, manufactures, and sells helmets and related accessories under its mass-market brand Studds and premium brand SMK, selling ~7.4 million helmets in FY25.

Website BSE NSE
  • Market Cap ₹ 2,163 Cr.
  • Current Price ₹ 550
  • High / Low ₹ 585 / 540
  • Stock P/E 30.9
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE 22.6 %
  • ROE 16.7 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 17.2%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE IPO

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024
285
234
Operating Profit 51
OPM % 18%
5
Interest 1
Depreciation 10
Profit before tax 45
Tax % 26%
33
EPS in Rs 16.89
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
480 463 499 529 584
369 408 439 438 479
Operating Profit 111 54 60 91 105
OPM % 23% 12% 12% 17% 18%
5 5 7 6 12
Interest 4 3 3 2 1
Depreciation 13 17 18 19 21
Profit before tax 98 40 46 76 95
Tax % 25% 28% 29% 25% 27%
74 29 33 57 70
EPS in Rs 37.60 14.56 16.85 29.09 17.70
Dividend Payout % 11% 21% 24% 14% 14%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 35%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 15%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 10 10 10 10 20
Reserves 280 301 328 378 430
28 46 32 9 9
117 98 91 89 98
Total Liabilities 435 455 461 486 557
266 310 311 331 338
CWIP 10 13 12 12 29
Investments 0 0 0 0 0
159 133 138 142 189
Total Assets 435 455 461 486 557

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
74 12 28 96 63
-34 -40 1 -54 -51
-17 3 -23 -32 -9
Net Cash Flow 22 -25 6 11 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 20 22 23 20 27
Inventory Days 48 62 49 62 80
Days Payable 103 73 48 47 46
Cash Conversion Cycle -35 11 23 34 62
Working Capital Days -24 -5 -1 9 25
ROCE % 13% 14% 21% 23%

Shareholding Pattern

Numbers in percentages

2 Recently
Nov 2025
61.75%
1.67%
8.35%
28.23%
No. of Shareholders 1,18,016

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

No data available.

DRHP

Credit ratings