Studds Accessories Limited Unlisted Shares
(i) 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.
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.
(ii) Presence of the Company
The company has a presence in almost more than 30 countries in the world.
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.
(iv) 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
g) Off-road full face helmets
(v) 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.
(vi) 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|
|Lot Size:||50-100 Shares|
|Current Unlisted Share Price:||₹ 850 Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
Promoters And Management:
Financials of Studds Accessories Limited Unlisted Shares:
|1. Assets and Liabilities Key Parameters|
|Year||Asset(M)||Liabilities(M)||Net Worth(M)||Book Value||Debt||Debt/Equity||RONW|
|2. Profit n Loss Key Parameters|
|Year||Revenue(M)||PAT(M)||EBITDA Margins||Profit Margins||Outstanding Shares( M)||EPS|
|3. Cash Flow Statement(all figures in Million)|
|(i) Net Cash Generated from Operation||431.28||231.1||348.39|
|(ii) Net Cash Generated from Investment||-324.41||-209.76||-357.8|
|(iii) Net Cash Generated from Financing Activity||-36.26||-2.7||-71.91|
|(iv) Total[ (i)+(ii)+(iii) ]||70.61||18.64||-81.32|
|(v) Cash and Cash Equivalent (Opening)||100.84||82.2||163.52|
|(vi) Cash and Cash Equivalent (Closing)||171.45||100.84||82.20|