Studds Accessories Ltd
| Market Cap | ₹2,853Cr. | Stock P/E | 49.9 |
| Current Price | ₹720 | Book Value | ₹98.4 |
| Lot Size | 25 | 52W Low | ₹470 |
| 52W High | ₹762.5 | Demat Account | Both |
| EPS | 14.54 | ISIN | INE00Q601028 |
| Debt to Equity | 0 | Valuation | ⭐⭐⭐⭐⭐ |
| Face Value | 5 | No. of Shares | 3.94Cr. |
Description
| Buy Price | Minimum Quantity | Amount |
|---|---|---|
| ₹648 | 100 | ₹ 64800 |
| Sell Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 720 | 100 | ₹ 72000 |
Company Overview:
Company Overview: Studds Accessories Limited is a leading manufacturer of helmets and motorcycle accessories for two-wheelers. The company was established in 1983 and is headquartered in Faridabad, India. Studds has a global presence in over 40 countries, including Europe, Asia, Latin America, and the Middle East.
Manufacturing: Studds has state-of-the-art manufacturing facilities that can produce over 13.2 million helmets annually. The company’s facilities are certified by the European Safety Agency.
Products: Studds offers a wide range of products, including helmets, face masks, face shields, and other accessories.
Global presence: Studds has a strong global presence, with a network of dealers across the world.
Corporate social responsibility: Studds set up the STUDDS FOUNDATION in 2015 to carry out corporate social responsibility (CSR) activities.
International brand: Studds launched an international brand called SMK to focus on the European and Western markets.
Future Plans: Company is expecting 1.5 million bicycle helmet production in a year in near future. Financials: In FY24, the company’s revenue increased from INR 503 Crore in FY23 to INR 531 Crore, representing a growth of 5.6%.
Announcement and News
Studds Announces 1:1 Bonus share Nov 25, 2024
Studds Accessories Ltd has proposed a 1:1 bonus share issue, offering one fully paid-up equity share of Rs. 5 face value for every existing share, subject to approval at the upcoming EGM. The record date for shareholder eligibility will be decided after member approval.
As per regulations, the bonus shares will be issued only in dematerialized form. Shareholders with demat accounts will receive the shares automatically, while those holding physical shares are advised to dematerialize them to claim their entitlement.
Financial Data (IN CR.)
| YEAR | 2024 | 2023 | 2022 |
|---|---|---|---|
| NET SALES | 529 | 499.2 | 462.5 |
| TOTAL INCOME | 535.8 | 506.5 | 468 |
| NET PROFIT | 57.2 | 33.1 | 28.6 |
| SHAREHOLDERS FUND | 387.4 | 338 | 310.9 |
| TOTAL ASSETS | 485.6 | 461.1 | 455.5 |
| EPS | 14.54 | 8.42 | 7.28 |
Financial Docs
Profit and Loss (IN CR.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Revenue | 463 | 499 | 529 |
| Cost Of Material Consumed | 260 | 259 | 243 |
| Gross Margin | 43.84 | 48.1 | 54.06 |
| OPM | 11.88 | 12.02 | 17.01 |
| Other Income | 5.5 | 7 | 7 |
| Other Expenses | 99 | 112 | 129 |
| Depreciation & Amortization | 17 | 18 | 19 |
| Profit Before Tax | 40 | 46 | 76 |
| Net Profit Margin | 6.26 | 6.61 | 10.78 |
| EPS in Rs | 14.8 | 16.84 | 29.08 |
| Finance cost | 3 | 3 | 1.6 |
Balance Sheet (IN MILLIONS.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Share Capital | 9.8 | 9.8 | 9.8 |
| Reserves | 301 | 328 | 377 |
| Borrowings | 44 | 31 | 0.6 |
| Other Liabilities | 51 | 57.2 | 66.6 |
| Total Liabilities | 455.8 | 461 | 485 |
| Fixed Assets | 305 | 307 | 324 |
| CWIP | 10 | 12 | 10 |
| Investments | 0 | 0 | 0 |
| Other Assets | 70 | 76 | 83 |
| Total Assets | 455 | 461 | 485 |
Shareholding Pattern
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Madhu Bhushan Khurana | 55.36% | 55.26% | 55.23% |
| Sidhartha Bhushan Khurana | 14.30% | 14.41% | 14.46% |
| Chand Khurana | -% | -% | 8.35% |
| Others | 30.34% | 30.33% | 21.96% |