About Studds Accessories
a) Started in the year 1972, Studds Accessories today is 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)Â With a market share of more than 25% in India, they have established themselves as the largest organized player in the industry. What started as 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 with 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)Â 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 of 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 of FY18.
(c) Apart from selling a helmet the company also in the business of Motorcycle Accessories like Jacket, Gloves, Glass, etc.
(d)Â The 90% of the Revenue comes from Helmet division and 10% comes from Motorcycle Accessories.
(e)Â The 92.3% of the business comes from the Domestic Market and rest 7.97% comes from Export.
Latest Interaction with Management- 16.05.2020
How Helmets are Manufactured in Studds Factory
FY19-20 Analysis:
Business Highlights
1. Despite challenges in the market Studds have performed well and the top line grew by 10.85%. Besides, growth in the top line, the operating EBIDTA grew at 41.16% and the PAT grew by 81.05% from the preceding year.
2. This year Studds has made significant investments to develop a world-class R&D facility, backward integration by manufacturing EPSL in the plant, with an endeavor to improve the quality of the products and meet stringent safety standards.
3. During the year, the company has stepped up efforts to improve relations with its dealers and distributors and it helped to significantly increase its market share. As of 31st March 2020, the network of 385 dealers is spread across the globe and 7 EBO’s in India.
4. This year the company has launched new products i.e. Titan Fiber, Titan Carbon, Sub Urban. They are planning to further bolster the segment with the launch of riding gear, jackets, armours, elbow guards, knee guards, and shoes.
5. This year company has sold 66.5 Lakhs (Domestic + Global) and globally has a Domestic market share in Two Wheelers helmets as 25.66%.
| 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%) |
| 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% |
| FY20 | 3478.56 | 1318.31 | 2160.87 | 110.20 | 277 | 0.12 | 34% |
| 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 |
| FY20 | 4369.46 | 745.92 | 23.72% | 17% | 19.676 | 37 |
| Year | ROE | ROCE |
| 2016 | 39% | 52% |
| 2017 | 27% | 37% |
| 2018 | 28% | 32% |
| 2019 | 26% | 29% |
| 2020 | 34% | 40% |
You must be logged in to post a comment.
Copyright © 2020 UnlistedZone.com.Â
All Rights Reserved.
828, Sector 2B, Vasundhara, Delhi-NCR, India 201012
ranganh@gmail.com
I am interested in buying Studds. What is the current price and lot?
Market Wizard
Studds Outlook for FY20-21
https://unlistedzone.com/studds-accessories-doubles-its-manufacturing-capacity/
Jaykishan
Is charts of unlisted shares available anywhere?
LV
Hi,
Interested in buying Studds shares, what is the current price on offer and min. lot size?
Thanks,
LV
Market Wizard
At present we are offering a price of Rs 775 per share for Studds Accessories. Minimum lot size is 25 shares.
SUBHAJIT BISWAS
What is the lifetime low and lifetime high price of this stock?? Is it good time to grab shares of it??? Present rates Please…
Market Wizard
52 week high = 950
52 week low = 550
Present rate = 780
Market Wizard
Studds Accessories is working to bring a new technology helmet soon in the Indian market- 20.06.2020
https://www.indiatv.in/paisa/business-studds-helmets-accessories-working-on-smart-helmet-technology-693961
vaibhav raj
at what price it is available today?
Market Wizard
650 per share.
Ashish
Whats the price now ? is it available
Market Wizard
Hi,
Studds is available at Rs. 750 per share.
Market Wizard
Key Highlights from Annual Report of Studds Accessories
https://unlistedzone.com/key-highlights-from-studds-accessories-annual-report-of-fy18-19-05-09-2019/
Market Wizard
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.
Market Wizard
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.
Market Wizard
Annual report of 2019
https://dyvmwwyqozzzb.cloudfront.net/main/Studds_Annual_Report.pdf
Market Wizard
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.
Rajashekar Raghavan
Are any shares available?
Market Wizard
Yes. Please contact Mr. Dinesh Gupta at 08010009625.
UZAdmin
(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.