Studds Accessories Limited Unlisted Shares
ABOUT STUDDS ACCESSORIES LTD.
a)They are the largest two-wheeler helmet manufacturer of the world(In terms of a total number of helmets sold in FY 2018 (source: F&S Industry report) diligently serving their customers with safety, style, and comfort. In FY18-19, they have manufactured 58.9 Cr helmets.
b) With a market share of more than 25% in India, they have established themselves as the largest organized player in the industry. Since their incorporation in 1983, they have witnessed a sustained growth in their business. What started as a small manufacturing set up is today 2 manufacturing facilities company spread across almost 6 acres in Faridabad, Haryana.
c) Largest- Manufacturer of Helmets in the world, UNIQUE- Their laboratory is the only one in the industry (in India) to be certified by European Safety Agency, and Safety – They use one of the best technologies in the world to
produce certified products.
d) Truly a multi-product, multi-location, and multi-market company, the Company today has 3 operational and one under construction in Faridabad, Haryana. Backed by a strong portfolio of more than 50 products and a strong dealer network, the two major brands of the Company STUDDS and SMK are synonymous to quality two-wheeler helmets.
Presence of the Company
The company has a presence in almost 39 countries in the world.
Competitiveness
a) Innovation– 16 New Products launches in the last 3 years.
b) Excellence– 21 No. of quality/safety tests done in-house (per helmet as per ECE 22.05 standard).
c) Adaptability– 7 Different sizes are available in the helmet.
d) Presence- Over 360 Active dealer network across India as on 31st March 2018 across more than 30 countries.
Look and Feel of the Products of the Company
a) Full-face helmet and b) Flip-up full face helmets
c) Flip-off full face helmets and d) Open Face Helmets
e) Sporting helmets and f) Industrial Helmets
Revenue Model
(a) The company sells a helmet in the range of Rs.825 to 2165 under the brand name Studds having a market share of 25% as on FY18.
(b) The company sells a helmet in the range of Rs.2300 to 9800 under the brand name SMK having a market share of 27.79% as on FY18.
(c) Apart from selling a helmet the company also in the business of Motorcycle Accessories like Jacket, Gloves, Glass etc.
(d) The 90% of the Revenue comes from Helmet division and 10% comes from Motorcycle Accessories.
(e) The 92.3% of the business comes from the Domestic Market and rest 7.97% comes from Export.
Future Plans
The company plans to enter into manufacturing and selling bicycle helmets. These products would be destined for the domestic and global market. Bicycle helmets have a larger market share in advanced Economies and as such we expect a bigger export market.
Studds Accessories Limited Unlisted Shares Details:
| Total Available Shares: | 10 |
| Face Value: | ₹ 5 Per Equity Share |
| ISIN: | INE00Q601028 |
| Lot Size: | 50-100 Shares |
| Current Unlisted Share Price: | ₹ Best in industry Per Equity Share |
| Retail Discount: | Bulk Deal (1%) |
Promoters And Management:
Financials of Studds Accessories Limited Unlisted Shares:
| Assets and Liabilities (all figures in Million) | |||||||
| Year | Asset | Liabilities | Net Worth | Book Value | Debt | Debt/Equity | RONW |
| FY16 | 1,234.28 | 598.93 | 635.35 | 581 | 24.3 | 0.04 | 39% |
| FY17 | 1,416.99 | 546.74 | 870.25 | 796 | 24.75 | 0.03 | 27% |
| FY18 | 2,228.33 | 1,041.45 | 1,186.88 | 1086 | 3.51 | 0 | 28% |
| FY19 | 3,022.81 | 1,442.91 | 1,579.90 | 80.30 | 390 | 0.247 | 26% |
| Profit n Loss Key Parameters (all figures in Million) | ||||||
| Year | Revenue | PAT | EBITDA Margins | Profit Margins | Outstanding Shares | EPS |
| FY16 | 2,930.26 | 245.59 | 13.40% | 8.0% | 1.093 | 12.48 |
| FY17 | 3,111.33 | 236.01 | 11.90% | 8.0% | 1.093 | 11.99 |
| FY18 | 3,417.89 | 328.81 | 16.80% | 10.0% | 1.093 | 16.71 |
| FY19 | 3,972.53 | 404.86 | 18.53% | 10.2% | 19.676 | 20.58 |
| Year | ROE | ROCE |
| 2016 | 39% | 52% |
| 2017 | 27% | 37% |
| 2018 | 28% | 32% |
| 2019 | 26% | 29% |
Key Highlights from Annual Report of Studds Accessories
https://unlistedzone.com/key-highlights-from-studds-accessories-annual-report-of-fy18-19-05-09-2019/
The Board has recommended dividends on equity shares @ 60% on paid-up share capital of the company i.e 3.00 per paid-up equity share for FY18-19.
Dividend Distribution Tax amounting to 19445 which was not paid by the due date, has been paid on 16/08/2019 along with interest.
Studds Company overview:
The world’s largest manufacturer of two-wheeler helmets, Studds Accessories Limited (Studds), is catering diverse needs of its customer through its two flagship brands STUDDS & SMK HELMETS. The company markets its products to 39 countries across the world ensuring its products meets all the safety, quality, style and comfort requirements. Over the years, the company has also diversified its offering into two-wheeler lifestyle accessories such as two-wheeler luggage, gloves, helmet security guards, rain suits and eyewear as well. Since inception, Studds has been providing stylish, innovative and comfortable products while meeting the dynamic changes in taste and preferences of the consumers across the globe enabling it to gain strong brand loyalty and recall.
Annual report of 2019
https://dyvmwwyqozzzb.cloudfront.net/main/Studds_Annual_Report.pdf
On 17-12-2018, the Studds Limited got approval from SEBI for IPO.
The company, which had filed its draft papers with the markets regulator in August seeking its clearance for the initial public offer (IPO), obtained Sebi’s observations on December 14, latest data with the capital markets watchdog showed. Studds Accessories’ IPO comprises fresh issuance of shares worth Rs 98 crore besides an offer for sale of 39.39 lakh equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other existing shareholders, according to the draft papers.
The company plans to use Rs 83 crore to part-finance the construction of two factories. It also plans to use some money for general corporate purposes.
Are any shares available?
Yes. Please contact Mr. Dinesh Gupta at 08010009625.
(i) The Company was having total outstanding Shares of 1,093,150 with FV=10 as on March FY18.
(ii) Then on July 07 2018, the company had spilt the FV from 10 to 5 and accordingly the number of shares increased to 2186300 Shares.
(iii) Then on July 16 2018, the company has issued bonus shares in the ratio 1:8 and accordingly the number of shares increased to 19,676,700 Shares before the issue.