Studds Limited is a leading manufacturer and exporter of helmets and other two-wheeler accessories in India. The company has been in operation for over three decades and has established itself as a reliable and trusted brand in the market.
Studds Limited is currently the largest helmet manufacturer in India and has a dominant market share in the domestic market. The company has a wide range of products that cater to different segments of the market, including economy, mid-range, and premium helmets. The company has also made significant strides in the international market, with its products being exported to over 40 countries worldwide. Studds Limited has manufacturing facilities in India, Spain, and China, and plans to expand its operations further in the coming years.
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Studds Accessories Outstanding Shares: |
19,676,700 |
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Face Value of Studds Accessories Unlisted Share: |
Rs. 5 Per Equity Share |
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ISIN of Studds Accessories Limited Unlisted Share: |
INE00Q601028 |
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Lot Size of Studds Accessories Limited Unlisted Share: |
50 Shares |
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Studds Accessories Share Price: |
Best in Industry |
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PAN Number of Studds Accessories Limited: |
AACCS4217Q |
Studds Accessories Limited CIN Number |
U25208HR1983PLC015135 |
Studds Accessories Limited Registration Date |
03-Feb-83 |
Category / Sub-Category of Studds Accessories |
Company limited by Shares |
Studds Accessories Registered Office Address |
23/7 Mathura Road, Ballabgarh, Faridabad, Haryana - 121004 |
Studds Accessories Company Registrar & Transfer Agent Address and Contact Details |
Link InTime India Private Limited C 101, 247 Park, 1st Floor L.B.S. Marg, Vikhroli West, Mumbai - 400083 |
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Name and Description of main products/services |
NIC Code of the product/services |
% to the total turnover of the Company |
|
Manufacturing and sale of helmets and two wheeler accessories |
45300 |
100% |
Mr. Madhu Bhushan Khurana, Chairman & Managing Director
Mr. Sidhartha Bhushan Khurana, Managing Director
Mr. Shanker Dev Choudhry, Independent Director
Ms. Pallavi Saluja, Woman Independent Director
Mr. Pankaj Duhan, Independent Director
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S. No. |
Name of the Company |
Holding/ Subsidiary/ Associate/ Joint Venture |
% of Shares held |
|
1. |
Smk Europe Unipessoal Ltd |
Subsidiary |
100% |
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S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1. |
Promoter Group |
1,37,07,360 |
69.66% |
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2. |
Public Shareholding |
59,69,340 |
30.34% |
|
|
Total |
1,96,76,700 |
100.00% |
The two-wheeler market in India is expected to grow at a steady pace in the coming years, driven by rising disposable incomes and increased urbanization. This growth is expected to translate into higher demand for two-wheeler accessories, including helmets.
The global motorcycle helmet market size was valued at $2.5 billion in 2020 and is expected to grow at a CAGR of 6.7% from 2021 to 2028. The demand for motorcycle helmets is expected to increase due to the rise in the number of motorcycle riders and government regulations mandating the use of helmets.
In India, the two-wheeler helmet market was valued at Rs 2,317 crore in 2020 and is expected to grow at a CAGR of 14.5% from 2021 to 2026. The market growth is driven by the increasing awareness about road safety and government regulations mandating the use of helmets.
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PARTICULARS |
31st March 2022 |
31st March 2021 |
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ASSETS |
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|
NON-CURRENT ASSETS |
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|
Property, plant & equipment |
304.80 |
260.92 |
|
Capital work in process (tangible) |
10.24 |
5.54 |
|
Right-of-use asset |
2.23 |
4.13 |
|
Intangible assets |
2.73 |
1.22 |
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Intangible assets under development |
2.54 |
4.21 |
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Investments |
0.01 |
0.01 |
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Other financial assets |
2.52 |
4.06 |
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TOTAL NON-CURRENT ASSETS |
325.07 |
280.09 |
|
CURRENT ASSETS |
||
|
Inventories |
42.43 |
28.99 |
|
Trade receivables |
28.14 |
26.57 |
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Cash and cash equivalent |
19.04 |
44.19 |
|
Bank balance other than cash and cash equivalent |
20.26 |
32.02 |
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Other financial assets |
1.85 |
3.16 |
|
Other current assets |
18.70 |
19.58 |
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TOTAL CURRENT ASSETS |
130.42 |
154.52 |
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TOTAL ASSETS |
455.49 |
434.61 |
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EQUITY AND LIABILITIES |
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|
EQUITY |
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Equity Share Capital |
9.84 |
9.84 |
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Other Equity |
301.06 |
280.24 |
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TOTAL EQUITY |
310.90 |
290.08 |
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LIABILITIES |
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NON-CURRENT LIABILITIES |
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Borrowings |
29.76 |
15.58 |
|
Lease liabilities |
0.39 |
2.49 |
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Other financials liabilities |
2.70 |
2.44 |
|
Provisions |
3.13 |
2.81 |
|
Deferred tax liability (net) |
13.39 |
10.76 |
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TOTAL NON-CURRENT LIABILITIES |
49.37 |
34.08 |
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CURRENT LIABILITIES |
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|
Borrowings |
13.92 |
12.14 |
|
Lease liabilities |
2.10 |
1.86 |
|
Trade payables |
50.02 |
62.78 |
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Other financials liabilities |
16.29 |
16.27 |
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Other current liabilities |
9.04 |
9.42 |
|
Provisions |
1.75 |
1.80 |
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Current Tax Liabilities (Net) |
2.10 |
6.18 |
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TOTAL CURRENT LIABILITIES |
95.22 |
110.45 |
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TOTAL LIABILITIES |
144.59 |
144.53 |
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TOTAL EQUITY AND LIABILITIES |
455.49 |
434.61 |
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PARTICULARS |
2022 |
2021 |
|
Revenue from operations |
462.51 |
479.62 |
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Other income |
5.48 |
4.60 |
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EBITDA |
59.66 |
115.1 |
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EBITDA margins |
12.74% |
23.77% |
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Finance cost |
3.01 |
3.46 |
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Depreciation |
16.63 |
13.35 |
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Other expenses |
99.00 |
90.93 |
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Exceptional items |
- |
- |
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Total tax |
11.38 |
24.30 |
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Profit After Tax |
28.64 |
73.99 |
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PAT Margin |
6.12% |
15.28% |
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EPS (Basic & Diluted) |
14.55 |
37.61 |
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Particulars |
2022 |
2021 |
2020 |
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Dividend (final + interim) (In Rs.) |
3.00 |
4.00 |
- |
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Retained Earnings (Rs. in Cr) |
292.69 |
271.78 |
197.91 |
Revenue from Operations of the company decreased by 3.56% from Rs. 479.62 Cr in FY 2021 to Rs. 462.51 Cr in FY 2022.
