Studds Accessories Ltd (STUDDS) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544599 | NSE: STUDDS | Auto Ancillary | Small Cap

Studds Accessories Share Price

535.50 -6.55 -1.21%
as on 05-Dec'25 15:23

Studds Accessories Ltd (STUDDS) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 544599 | NSE: STUDDS | Auto Ancillary | Small Cap

DeciZen - make an informed investing decision on Studds Accessories

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Studds Accessories stock performance -

Key Ratios
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P/E Ratio (SA):
30.14
Market Cap:
2,133.2 Cr.
52-wk low:
533.1
52-wk high:
599.8

Is Studds Accessories Ltd an attractive stock to invest in?


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10 Year X-Ray of Studds Accessories: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Studds Accessories Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 71.1%48.3%49.6%41.5%41.7%35.5%12.9%13.7%20.7%23.2%-
Value Creation
Index
4.12.52.52.02.01.5-0.10.00.50.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 257272328389415480463499529583583
Sales YoY Gr.-6%20.4%18.7%6.6%15.7%-3.6%7.9%6%10.1%-
Adj EPS 6.267.910.11918.77.28.314.517.718
YoY Gr.--2.7%31.7%26.8%88.3%-1.5%-61.6%15.6%74.4%22.1%-
BVPS (₹) 16.122.130.240.254.973.77985.998.5114.5122.5
Adj Net
Profit
24.423.731.339.674.673.528.232.656.969.571
Cash Flow from Ops. 3423.143.128.762.773.411.628.27263.6-
Debt/CF from Ops. 00.101.70.60.43.81.100-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.5%7%8%10.1%
Adj EPS 12.3%-1.4%35.1%22.1%
BVPS24.4%15.8%13.2%16.3%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
47.231.630.428.739.929.19.410.115.716.615.2
Op. Profit
Mgn %
16.314.91616.823.723.111.812.117.218.219.2
Net Profit
Mgn %
9.58.79.510.21815.36.16.510.811.912.2
Debt to
Equity
0000.30.20.10.10.1000
Working Cap
Days
1922253138506771646168
Cash Conv.
Cycle
-31-25-19-13-10-13-113182834

Recent Performance Summary

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Latest Financials - Studds Accessories Ltd.

Standalone Consolidated
TTM EPS (₹) 18 17.7
TTM Sales (₹ Cr.) 583 584
BVPS (₹.) 122.5 122.1
Reserves (₹ Cr.) 463 461
P/BV 4.42 4.44
PE 30.14 30.63
From the Market
52 Week Low / High (₹) 533.10 / 599.80
All Time Low / High (₹) 533.10 / 599.80
Market Cap (₹ Cr.) 2,133
Equity (₹ Cr.) 19.7
Face Value (₹) 5
Industry PE 44.7

Management X-Ray of Studds Accessories:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Studds Accessories - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Studds Accessories

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales257272328389415480463499529583
Operating Expenses 215232275324317369408439439477
Manufacturing Costs32464930374746567393
Material Costs119124153181172222251262239255
Employee Cost 21273238465658657163
Other Costs 43354175614353555666
Operating Profit 4240526598111546090106
Operating Profit Margin (%) 16.3%14.9%16.0%16.8%23.6%23.1%11.8%12.1%17.1%18.2%
Other Income 12586557712
Interest 1100143321
Depreciation 456671317181921
Exceptional Items 0000000000
Profit Before Tax 38375167959840477696
Tax 14131926212411131925
Profit After Tax 24243341757429335771
PAT Margin (%) 9.5%8.7%10.0%10.6%18.0%15.4%6.2%6.7%10.8%12.1%
Adjusted EPS (₹)6.26.08.410.518.918.87.38.514.518.0
Dividend Payout Ratio (%)4%4%0%14%11%11%21%24%14%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 6387119158216290311338387450
Share Capital 11110101010101020
Reserves 6286118148206280301328378431
Minority Interest0000000000
Debt120394016302000
Long Term Debt120392816302000
Short Term Debt00001200000
Trade Payables28253436346350353132
Others Liabilities 31276969586665686772
Total Liabilities 123142223302348434455461486554

Fixed Assets

Gross Block9486136147180303363382418439
Accumulated Depreciation19511172437537087105
Net Fixed Assets 7581125130156266310311331334
CWIP 01658861013121229
Investments 0000222203
Inventories8111313192942354055
Trade Receivables841222192628312844
Cash Equivalents 29426476507437275972
Others Assets 3333152723421518
Total Assets 123142223302348434455461486554

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 34234329637312287264
PBT 38375167959840477696
Adjustment 341-221315171817
Changes in Working Capital 5-14-14-10-17-31-25-4-31
Tax Paid -12-17-14-23-25-21-13-11-18-19
Cash Flow From Investing Activity -15-21-32-82-27-34-401-18-49
Capex -17-12-23-68-66-36-56-19-32-42
Net Investments 0-11-13-1934-2121510-12
Others 1236645445
Cash Flow From Financing Activity -6-0-446-26-173-23-41-12
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-248-8016-13-30-1
Interest Paid -1-0-0-0-1-3-3-3-2-1
Dividend Paid -1-0-1-100-8-6-8-8
Others -50-0-0-17-14-2-1-2-2
Net Cash Flow 1227-71022-256133

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)47.2331.431.9729.7639.8629.259.5310.2515.7816.9
ROCE (%)71.1248.349.5941.4641.7335.5412.8613.6820.6523.24
Asset Turnover Ratio2.722.331.851.481.331.271.071.131.161.15
PAT to CFO Conversion(x)1.420.961.30.710.840.990.410.851.260.9
Working Capital Days
Receivable Days87916171721212022
Inventory Days8111312141827272529
Payable Days79797171757982595045

Studds Accessories Ltd Stock News

Studds Accessories Ltd FAQs

The current trading price of Studds Accessories on 05-Dec-2025 15:23 is ₹535.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Studds Accessories stood at ₹2,133.2.
The latest P/E ratio of Studds Accessories as of 04-Dec-2025 is 30.14.
The latest P/B ratio of Studds Accessories as of 04-Dec-2025 is 4.42.
The 52-week high of Studds Accessories is ₹599.8 and the 52-week low is ₹533.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Studds Accessories is ₹582.6 ( Cr.) .

About Studds Accessories Ltd

Studds Accessories was incorporated as ‘Studds Accessories Private Limited’ on February 3, 1983. It became a deemed public limited company in terms of Section 43(A) of the Companies Act 1956 with effect from March 31, 1990, and the word ‘private’ was deleted from the name of the company. It was subsequently converted into a public limited company pursuant to a special resolution dated October 22, 1994, passed by the shareholders of the company and its name was changed to ‘Studds Accessories Limited’. 

It is the largest two-wheeler helmets player in India. Owing to its operational history of decades, its flagship brand ‘Studds’ is recognized as a popular brand in the two-wheeler helmet market in India. The safety, reliability and quality associated with a helmet brand are the key attributes which increase customer confidence and influence a purchase decision. Over time, its consistent focus on improving the safety features and quality of its helmets have helped it in establishing its brands, Studds and SMK, as trusted brands amongst its customers. It has obtained key certifications such as ISO 9001:2015 (for quality management system), ISO 14001:2015 (for Environmental Management System), IS 4151:2015 (for Protective Helmets for Motorcycle Riders issued by the BIS) and Economic Commission of Europe (ECE) ECE 22.06 (for certifying compliance with ECE) for sale of its products in India and global markets.

Its extensive experience in the helmet and two-wheeler lifestyle accessory market has given it deep insights into customer requirements, enabling it to design products with a primary focus on safety supported by quality, fit, comfort, and sizing. By harnessing this knowledge, it has strategically developed a product portfolio under its two leading brands, Studds and SMK, with each brand positioned to cater to well-defined needs of their respective target consumers, while being complimentary to each other along the price points.

It also engages the services of specialised design firms for designing and conceptualising certain niche designs for its helmets. It has also engaged services of a Spanish design firm and launched Studds and SMK full face and flip-up helmets with inbuilt Bluetooth technology in order to enhance the riding comfort and safety of motorcycle riders.

Business area of the company

The company is engaged in design, manufacture, market and sell of two-wheeler helmets under the ‘Studds’ and ‘SMK’ brands and other accessories (such as two-wheeler luggage, gloves, helmet locking device, rain suits, riding jacket and eye wear) under the ‘Studds’ brand. Its products are sold pan-India and in several countries internationally, with its key export markets situated across Americas, Asia (excluding India), Europe and rest of the world. It  also manufactures helmets for Jay Squared LLC, which are sold under the ‘Daytona’ brand in the United States of America, as well as for O’Neal under their branding, supplying to markets in Europe, United States of America and Australia.

Products of the company

Studds

  • Trooper DV D2 hellcat decor
  • Raider Skulpt D1 decor
  • Drifter D5 fiker decor
  • Vogue open face helmet

SMK

  • Typhoon sports tourer
  • Typhoon aerot
  • Stellar sport uno
  • Gullwing supertour
  • Allterra fulmine

Awards and recognitions

  • 2014: The company received the Accessories Award from Honda Motors India Private Limited 
  • 2018: The company was awarded by Honda Motorcycle & Scooter India Private Limited (HMSI) for its valuable contribution in making HMSI ‘an over 6 million company’  
  • 2019: The company received a certificate of excellence by Honda Motor India 
  • 2020: The company received the Award for Cost Competitive from Honda Motor India 
  • 2022: The company received a certificate of appreciation by Honda Motor India 
  • 2023: The company received an award for Appreciation for Quality Building from Bureau of Indian Standards

History and Millstones

  • 1983: Incorporation of the company 
  • 1998: Obtained license to operate factory for its first manufacturing facility at Plot no. 61, Sector 27-A, Faridabad, Haryana, India 
  • 1999: Its trademark ‘Studds’ was assigned to it by Studds Limited 
  • 2001: Commencement of export of two-wheeler helmets to Europe wherein, it exported two-wheeler helmets to Czech Republic 
  • 2004: Obtained license to operate factory for a manufacturing facility at Plot no. 54, Sector 27-A, Faridabad, Haryana, India 
  • 2006: Obtained license to operate factory for a manufacturing facility at Plot no. B-72, Sector 27-A, Faridabad, Haryana, India 
  • 2009: Manufacturing Facility I was set up and the operations conducted out of prior set up facilities of the Company were moved to Manufacturing Facility I 
  • 2015: Expansion of Manufacturing Facility I by taking the adjoining premises on lease 
  • 2015: Manufacturing Facility II was set up in Faridabad, Haryana, India 
  • 2016: Launch of the ‘SMK’ brand 
  • 2019: Manufacturing Facility IV was set up in Faridabad, Haryana, India, wherein manufacturing of bicycle helmets began 
  • 2020: Manufacturing Facility III was set up in Faridabad, Haryana, India
  • 2020: Setup its own EPS and Printing Plants for catering to bicycle helmet market

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