amit@unlistedkraft.com
+91-9599071664
+91-9599071664
Studds
DRHP Status : Not Filed
699
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 480 | 463 | 499 | 529 |
| Cost of Material Consumed | 226 | 260 | 259 | 243 |
| Gross Margins | 52.92 | 43.84 | 48.1 | 54.06 |
| Change in Inventory | -5 | -9 | 3 | -4 |
| Employee Benefit Expenses | 56 | 58 | 65 | 71 |
| Other Expenses | 90 | 99 | 112 | 129 |
| EBITDA | 113 | 55 | 60 | 90 |
| OPM | 23.54 | 11.88 | 12.02 | 17.01 |
| Other Income | 4.5 | 5.5 | 7 | 7 |
| Finance Cost | 3 | 3 | 3 | 1.6 |
| D&A | 13 | 17 | 18 | 19 |
| EBIT | 100 | 38 | 42 | 71 |
| EBIT Margins | 20.83 | 8.21 | 8.42 | 13.42 |
| PBT | 98 | 40 | 46 | 76 |
| PBT Margins | 20.42 | 8.64 | 9.22 | 14.37 |
| Tax | 24 | 11 | 13 | 19 |
| PAT | 74 | 29 | 33 | 57 |
| NPM | 15.42 | 6.26 | 6.61 | 10.78 |
| EPS | 37.76 | 14.8 | 16.84 | 29.08 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 23.54 | 11.88 | 12.02 | 17.01 |
| Net Profit Margin | 15.42 | 6.26 | 6.61 | 10.78 |
| Earning Per Share (Diluted) | 37.76 | 14.8 | 16.84 | 29.08 |
<table class="table rounded-10 yearly">
<thead>
<tr>
<th scope="col" class="w-40">
<h6 class="fw-extrabold p-2">Financial Ratios</h6>
</th>
<th scope="col" class="text-end w-15">2021</th>
<th scope="col" class="text-end w-15">2022</th>
<th scope="col" class="text-end w-15">2023</th>
<th scope="col" class="text-end w-15">2024</th>
</tr>
</thead>
<tbody>
<tr>
<td class="ps-3 w-40">Operating Profit Margin</td>
<td class="text-end w-15">23.54</td>
<td class="text-end w-15">11.88</td>
<td class="text-end w-15">12.02</td>
<td class="text-end w-15">17.01</td>
</tr>
<tr>
<td class="ps-3">Net Profit Margin</td>
<td class="text-end">15.42</td>
<td class="text-end">6.26</td>
<td class="text-end">6.61</td>
<td class="text-end">10.78</td>
</tr>
<tr>
<td class="ps-3">Earning Per Share (Diluted)</td>
<td class="text-end">37.76</td>
<td class="text-end">14.8</td>
<td class="text-end">16.84</td>
<td class="text-end">29.08</td>
</tr>
</tbody>
</table>
<table class="table rounded-10 yearly">
<thead>
<tr>
<th scope="col" class="w-40">Liabilities</th>
<th scope="col" class="text-end w-15">2021</th>
<th scope="col" class="text-end w-15">2022</th>
<th scope="col" class="text-end w-15">2023</th>
<th scope="col" class="text-end w-15">2024</th>
</tr>
</thead>
<tbody>
<tr>
<td class="ps-3 w-40">Share Capital</td>
<td class="text-end w-15">9.8</td>
<td class="text-end w-15">9.8</td>
<td class="text-end w-15">9.8</td>
<td class="text-end w-15">9.8</td>
</tr>
<tr>
<td class="ps-3">FV</td>
<td class="text-end">5</td>
<td class="text-end">5</td>
<td class="text-end">5</td>
<td class="text-end">5</td>
</tr>
<tr>
<td class="ps-3">Reserves</td>
<td class="text-end">280</td>
<td class="text-end">301</td>
<td class="text-end">328</td>
<td class="text-end">377</td>
</tr>
<tr>
<td class="ps-3">Borrowings</td>
<td class="text-end">28</td>
<td class="text-end">44</td>
<td class="text-end">31</td>
<td class="text-end">0.6</td>
</tr>
<tr>
<td class="ps-3">Trade Payables</td>
<td class="text-end">63</td>
<td class="text-end">50</td>
<td class="text-end">35</td>
<td class="text-end">31</td>
</tr>
<tr>
<td class="ps-3">Other Liabilities</td>
<td class="text-end">54</td>
<td class="text-end">51</td>
<td class="text-end">57.2</td>
<td class="text-end">66.6</td>
</tr>
<tr>
<th class="ps-3">Total Liabilities</th>
<td class="text-end">434.8</td>
<td class="text-end">455.8</td>
<td class="text-end">461</td>
<td class="text-end">485</td>
</tr>
</tbody>
</table>
| Name | Holding |
|---|---|
| Madhu Bhushan Khurana | 53.23% |
| Sidhartha Bhushan Khurana | 14,46% |
| Chand Khurana | 8.35% |
| Others | 21.96% |
Incorporated on 3rd February 1983, STUDDS Accessories Limited is a leading manufacturer of motorcycle accessories and helmets. Since then, they have grown and become the largest helmet manufacturer (two-wheeler) in the world with 70 lakh helmets and accessories manufactured every year. Their state-of-the-art manufacturing facilities in India are equipped to produce certified products and are certified by European Safety Agency. STUDDS has a strong product portfolio and a strong global presence in over 40 countries around the world. The company is headquartered in Faridabad, India which has four state-of-the-art facilities and is Asia's biggest helmet manufacturing facility. An array of products related to two-wheeler safety is manufactured in these facilities such as helmets, motorcycle accessories, face masks, face shields, etc.
STUDDS Accessories Limited's Unlisted Share Price are updated on our website on a daily basis, to stay updated with the share price you can visit our website every two days or register with us to get daily updates on WhatsApp.
Strengths:
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Revenue Growth: In FY24, the company reported a revenue of ₹529 crore, a 6% increase from ₹499 crore in FY23.
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Profitability: The Profit After Tax (PAT) rose to ₹57 crore in FY24 from ₹33 crore in FY23, indicating a robust growth trajectory.
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Operational Efficiency: EBITDA for FY24 was ₹97 crore, up from ₹67 crore in FY23, reflecting improved operational performance.
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Strong Return Ratios: The Return on Equity (ROE) stood at 15.78% in FY24, up from 10.22% in FY23, showcasing efficient utilization of shareholder funds.
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Low Debt Levels: The company's net debt-equity ratio improved to 0.02 in FY24 from 0.09 in FY23, indicating a strong balance sheet with minimal debt.
Weaknesses:
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Decline in Export Sales: While domestic sales have been strong, export sales experienced a decline, contributing ₹53 crore to the total revenue in FY24.
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High P/E Ratio: The Price-to-Earnings (P/E) ratio is 23.73, which may be considered high, potentially indicating overvaluation.
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Inventory Turnover Ratio: The inventory turnover ratio slightly decreased to 6.34 in FY24 from 6.76 in FY23, suggesting a marginal slowdown in inventory management.
+91-9599071664
amit@unlistedkraft.com