Studds Accessories Ltd
NSE: STUDDS BSE: 544599
Incorporated in 1975,Studds Accessories Limited is a manufacturer of two-wheeler helmets and motorcycle accessories.[1]
₹438
52W: ₹428 — ₹600
PE 23.4 · Book ₹123 · +256% vs bookMarket Cap₹1,725 Cr
Stock P/E23.4Price to Earnings
ROCE22.9%Return on Capital
ROE16.9%Return on Equity
Div. Yield0%Face Value ₹5
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Company has been maintaining a healthy dividend payout of 17.1%
Shareholding Pattern
Promoters61.75%
FIIs1.07%
DIIs9.6%
Public27.58%
| Category | Dec 2025 | Mar 2026 |
|---|---|---|
| Promoters | 61.75% | 61.75% |
| FIIs | 1.36% | 1.07%▼0.3 |
| DIIs | 8.98% | 9.6%▲0.6 |
| Public | 27.92% | 27.58%▼0.3 |
Financial Statements
| Metric | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|
| Sales | 145 | 149 | 148 | 154 | 161 |
| Expenses | 118 | 122 | 118 | 124 | 131 |
| Operating Profit | 27 | 27 | 30 | 31 | 31 |
| OPM % | 19% | 18% | 21% | 20% | 19% |
| Net Profit | 18 | 18 | 20 | 21 | 21 |
| EPS ₹ | 9.03 | 9.02 | 5.2 | 5.4 | 5.21 |
AI Insights
Revenue Trend
Mar 2025 revenue at ₹583Cr, up 10.2% YoY. OPM at 18%.
Debt Position
Borrowings at ₹5Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.
Capex Cycle
CWIP at ₹46Cr (14% of fixed assets). Moderate ongoing capital expenditure.
Margin & Efficiency
ROCE improving from 0% (Mar 2021) to 23% (Mar 2025). Working capital days: 26.
Valuation
PE 23.4x with 22.9% ROCE. Price is 256% above book value of ₹123. Dividend yield: 0%.
Recent Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Studds confirms non-applicability of Large Corporate framework for FY ended March 31, 2026; outstanding borrowing nil.
- Newspaper Advertisements Under Regulation 30 Of The SEBI (LODR) Regulations 2015 (SEBI Listing Regulations) 27 Apr - Announces special window for physical securities transfer/demat and Saksham Niveshak campaign from April 1-July 9, 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Apr
- Announcement under Regulation 30 (LODR)-Updates on Acquisition 22 Apr - Board approved incorporating a wholly owned subsidiary in Italy with up to EUR 1 million capital.
- Board Meeting Outcome for Update On Incorporation Of Wholly Owned Subsidiary 22 Apr - Board approved incorporating a wholly owned subsidiary in Italy with up to EUR 1,000,000 capital.
- Rating update 2 Apr from care
- Rating update 25 Mar 2025 from care
- Rating update 12 Feb 2024 from care