Studds Accessories Annual Report and Financials
Last Traded Price 600.00 + 0.00 %
Last Traded Price 600.00 + 0.00 %
| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Studds Accessories Limited |
|
Particular |
31-03-2025 |
31-03-2024 |
|
Non- Current assets |
||
|
Property, Plant and Equipment |
3259.08 |
3204.37 |
|
Capital work-in-progress (tangible) |
253.24 |
99.52 |
|
Right of use assets |
54.51 |
77.27 |
|
Intangible Assets |
24.10 |
31.90 |
|
Goodwill |
47.17 |
- |
|
Intangible assets under development |
35.15 |
17.53 |
|
Non-current investments |
0.09 |
0.12 |
|
Other financial assets |
32.14 |
37.00 |
|
Current assets |
||
|
Inventories |
562.83 |
402.19 |
|
Trade receivables |
429.55 |
283.64 |
|
Cash and cash equivalents |
389.82 |
355.72 |
|
Bank balances other than above |
332.04 |
229.81 |
|
Other financial assets |
2.91 |
2.91 |
|
Other current assets |
144.42 |
113.65 |
|
Total Assets |
5567.05 |
4855.63 |
|
Equity |
||
|
Equity Share Capital |
196.77 |
98.38 |
|
Other Equity |
4297.98 |
3775.66 |
|
Non-current liabilities |
||
|
Non-current Borrowings |
29.11 |
1.99 |
|
Lease liabilities |
44.89 |
62.59 |
|
Other non-current financial liabilities |
29.86 |
29.72 |
|
Non-current provision |
50.69 |
45.37 |
|
Deferred tax liability (net) |
184.06 |
165.61 |
|
Current liabilities |
||
|
Current Borrowings |
- |
4.14 |
|
Lease liabilities |
16.39 |
18.94 |
|
Total outstanding dues of micro enterprises and small enterprises |
78.11 |
86.29 |
|
Total outstanding dues of creditors other than MSME |
241.37 |
219.30 |
|
Other current financial liabilities |
162.82 |
161.25 |
|
Current Provisions |
20.04 |
18.87 |
|
Current tax liabilities (net) |
71.11 |
20.86 |
|
Total equity and liabilities |
5567.05 |
4855.63 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Revenue |
|
|
|
Revenue from operations |
5838.16 |
5290.23 |
|
Other Income |
120.74 |
68.15 |
|
Total income |
5958.90 |
5358.38 |
|
Expenses |
|
|
|
Cost of materials consumed |
2621.70 |
2429.80 |
|
Change in inventories of finished goods and
work-in-progress |
(64.64) |
(43.99) |
|
Employee benefit expense |
625.68 |
708.63 |
|
Finance cost |
12.17 |
16.05 |
|
Depreciation and amortization expense |
206.69 |
190.28 |
|
Other expenses |
1607.02 |
1293.86 |
|
Total expenses |
5008.62 |
4594.63 |
|
Profit Before Tax |
||
|
Current tax |
(235.11) |
(181.24) |
|
Deferred tax |
(18.74) |
(10.20) |
|
Tax relating to earlier periods |
(0.02) |
(0.04) |
|
Total Tax Expense |
(253.87) |
(191.48) |
|
Profit for the year |
696.41 |
572.27 |
|
Other Comprehensive Income (OCI) |
|
|
|
Items that will not be reclassified
subsequently to profit or loss: |
|
|
|
Re-measurements gain/(losses) on defined benefit plan |
1.49 |
1.12 |
|
Tax effect |
(0.38) |
(0.28) |
|
Foreign currency translation reserve |
(0.54) |
- |
|
Total other Comprehensive Income |
0.57 |
0.84 |
|
Total comprehensive income for the year |
696.98 |
573.11 |
|
Earnings per equity share (in Rs.) |
|
|
|
Basic |
17.70 |
14.54 |
|
Diluted |
17.70 |
14.54 |
|
Particular |
31-03-2025 |
31-03-2024 |
|
Cash Flow From Operating Activities |
|
|
|
Net Profit Before Tax as per statement of profit and loss |
950.28 |
763.75 |
|
Adjustments for: |
|
|
|
Depreciation and amortisation expense |
206.69 |
190.28 |
|
Finance costs |
12.17 |
16.05 |
|
Rent income |
(0.32) |
(0.32) |
|
Interest income |
(50.85) |
(36.69) |
|
Gain and termination of lease liability |
(0.27) |
- |
|
Gain /loss on investments carried at fair value through profit and
loss |
0.03 |
(0.09) |
|
Unrealised foreign exchange (gain)/loss (net) |
(2.66) |
(0.19) |
|
On account of liquidation of subsidiary |
(0.55) |
|
|
Foreign currency translation
reserve |
(0.54) |
- |
|
Pre-acquisition adjustment |
2.44 |
- |
|
Loss on sale of property, plant and equipment & investment |
1.30 |
9.80 |
|
Operating Profit before Working Capital Changes |
1118.27 |
942.04 |
|
Adjustments for: |
|
|
|
Movement
in trade & other payables |
36.12 |
(21.34) |
|
Movement
in trade & other receivables |
(175.65) |
33.32 |
|
Movement
in inventories |
(160.64) |
(52.09) |
|
Cash Generated from Operations |
818.10 |
901.92 |
|
Direct Taxes Paid (net of refund) |
(185.54) |
(183.29) |
|
Net Cash generating from Operating Activities |
632.56 |
718.63 |
|
Cash Flow From Investing Activities |
|
|
|
Purchase of PPE (including capital work-in-progress) |
(421.42) |
(318.64) |
|
Sale
proceeds from sale of PPE & Intangible Assets |
3.98 |
2.91 |
|
Investment
in Fixed Deposits |
(97.33) |
78.53 |
|
Investment
in Subsidiary |
(47.17) |
|
|
Rent receive |
0.32 |
0.32 |
|
Interest received |
50.85 |
36.69 |
|
Net Cash From Investing Activities |
(510.77) |
(200.19) |
|
Cash Flow From Financing Activities |
|
|
|
Proceeds from borrowing |
29.11 |
- |
|
Repayment
from borrowings |
(6.13) |
(299.65) |
|
Dividend |
(78.59) |
(78.41) |
|
Repayment
of lease liabilities |
(19.88) |
(17.37) |
|
Interest
Paid |
(12.17) |
(16.05) |
|
Net Cash From Financing Activities |
(87.66) |
(411.48) |
|
Net Increase in Cash and Cash Equivalents |
34.13 |
106.97 |
|
Opening balance of cash and cash equivalents |
355.71 |
248.73 |
|
Closing balance of cash and cash
equivalents |
389.84 |
355.70 |
Here Is the Summary of Cash Flow Statement for the Year 2024-2025
Cash Flow from Operating Activities
The company reported a net profit before tax of
₹950.28 million in FY 2024–25, compared to ₹763.75 million in the previous
year. After adjusting for non-cash items such as depreciation, finance costs,
interest income, and foreign exchange movements, the operating profit before
working capital changes increased to ₹1,118.27 million (₹942.04 million in FY
2023–24).
However, adverse movements in working capital —
including higher receivables and inventories — reduced cash inflows. Cash
generated from operations was ₹818.10 million, lower than ₹901.92 million in
the prior year. After tax payments of ₹185.54 million, the net cash inflow from
operating activities stood at ₹632.56 million, against ₹718.63 million last
year. This shows that while profitability improved, working capital
requirements exerted pressure on operating cash flows.
Cash Flow from Investing Activities
During FY 2024–25, the company continued to invest
heavily in its operations. Capital expenditure amounted to ₹421.42 million,
higher than the previous year’s ₹318.64 million. In addition, investments in
subsidiaries (₹47.17 million) and fixed deposits (₹97.33 million) further
increased outflows.
On the inflow side, the company realized ₹3.98
million from the sale of assets, earned ₹50.85 million as interest income, and
received ₹0.32 million as rent. Overall, the net cash outflow from investing
activities was ₹510.77 million, a significant rise compared to ₹200.19 million
in FY 2023–24. This reflects the company’s strategy of expanding capacity and
strengthening long-term assets.
Cash Flow from Financing Activities
The company raised fresh borrowings of ₹29.11
million during the year but also repaid borrowings of ₹6.13 million. It
distributed dividends of ₹78.59 million, paid lease liabilities of ₹19.88
million, and incurred finance costs of ₹12.17 million.
As a result, the net cash outflow from financing
activities was ₹87.66 million in FY 2024–25. This is much lower than the
outflow of ₹411.48 million in FY 2023–24, which was mainly driven by large debt
repayments in that year.
Net Cash Position
Bringing together all three activities, the company
recorded a net increase in cash and cash equivalents of ₹34.13 million in FY
2024–25, compared to an increase of ₹106.97 million in FY 2023–24. The opening
balance of ₹355.71 million rose to a closing balance of ₹389.84 million as of
March 31, 2025.
|
Particular |
31-03-2025 |
31-03-2024 |
|
Current Ratio (in times) |
2.54 |
2.05 |
|
Net Debt Equity Ratio (in times) |
0.02 |
0.02 |
|
Debt Service Coverage Ratio (in times) |
24.01 |
2.37 |
|
Return on Equity Ratio |
16.64% |
15.78% |
|
Inventory Turnover Ratio (in times) |
5.30 |
6.34 |
|
Trade receivables turnover ratio |
16.37 |
17.74 |
|
Trade payables turnover ratio |
8.70 |
7.47 |
|
Net Capital Turnover Ratio (in times) |
6.35 |
10.70 |
|
Net Profit Ratio (in %) |
11.93% |
10.82% |
|
Return on Capital Employed Ratio (in %) |
20.18% |
18.8% |
Here Is the Summary of financial ratios for the year ended 2024-2025
Current Ratio (2025:
2.54 vs 2024: 2.05)
This ratio shows the company’s ability to pay short-term obligations using
current assets. A ratio above 1 means it has enough current assets to cover current
liabilities. At 2.54, the company is in a stronger liquidity position than last
year’s 2.05, indicating improved short-term financial health.
Net Debt-Equity
Ratio (2025: 0.02 vs 2024: 0.02)
This measures how much debt the company uses compared to shareholders’ equity.
A very low ratio of 0.02 means the company is almost debt-free and is financed
mainly by equity. It has remained stable year-on-year, showing low financial
risk.
Debt Service
Coverage Ratio – DSCR (2025: 24.01 vs 2024: 2.37)
This shows the company’s ability to meet interest and loan repayments. A DSCR
above 1 means it can comfortably service debt. The sharp jump to 24.01 from
2.37 reflects a huge improvement in earnings versus debt obligations,
indicating a very strong ability to repay loans.
Return on Equity
(ROE) (2025: 16.64% vs 2024: 15.78%)
ROE shows how much profit the company generates for shareholders’ investment.
At 16.64%, it means for every ₹100 of equity, the company generated about
₹16.64 profit. This is slightly better than last year, showing stronger
shareholder returns.
Inventory Turnover
Ratio (2025: 5.30 vs 2024: 6.34)
This tells how many times inventory was sold and replaced in a year. The ratio
has dropped from 6.34 to 5.30, which means inventory is moving more slowly than
last year. This could indicate slower sales or higher stock levels.
Trade Receivables
Turnover Ratio (2025: 16.37 vs 2024: 17.74)
This measures how quickly the company collects money from customers. A drop
from 17.74 to 16.37 means collections are slightly slower, but still very
efficient (collecting dues roughly every 22 days).
Trade Payables
Turnover Ratio (2025: 8.70 vs 2024: 7.47)
This shows how fast the company pays its suppliers. An increase to 8.70 means
it is paying suppliers quicker than before, which could improve supplier
relationships but also means less cash retained.
Net Capital Turnover
Ratio (2025: 6.35 vs 2024: 10.70)
This shows how efficiently the company is using its working capital to generate
revenue. The decline from 10.70 to 6.35 suggests efficiency has reduced,
meaning more funds are tied up in working capital relative to sales.
Net Profit Ratio
(2025: 11.93% vs 2024: 10.82%)
This shows how much profit the company makes from its revenue. At 11.93%, the
company earns about ₹11.93 profit per ₹100 of sales, an improvement from last
year’s 10.82%, showing better profitability.
Return on Capital
Employed (ROCE) (2025: 20.18% vs 2024: 18.8%)
This indicates how efficiently the company uses total capital (equity + debt)
to generate profits. At 20.18%, it means the company earns ₹20.18 for every
₹100 of capital employed. This improvement shows stronger overall efficiency in
using funds.
