STUDDS · Studds Accessories Ltd · Recreational Products
STUDDS · Studds Accessories Ltd · Recreational Products
As of 05 Nov close
52-week range
32.0% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹170 Cr
Revenue YoY
PAT YoY
-39.2%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
3.2
P/S (TTM)
2.5
Sector P/E
Not available from data source
Dividend yield
+0.7%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| STUDDS (this stock) | 24.7 | 3.2 | +11.4% | +14.3% | 0.02 | +0.7% |
| Bajaj Auto | 23.1 | 9.4 | +16.5% | +30.3% | 0.58 | +1.3% |
| TVS Motor Company | 48 | 31.8 | +5.7% | +35.8% | 3.43 | +0.3% |
| Hero Motocorp | 17.6 | 5.1 | +10.7% | +25.2% | 0.04 | +3.5% |
Promoter
stable
FII
rising 1q
MF
7.21% (-0.83pp)
falling 1q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 11 Sept 2026 | Sidhartha Bhushan Khurana | BUY | 16,609 | ₹69.32 lakh |
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| STUDDS | 2026-06-10 | 682143 | 3 | MEDIUM | BULK |
| STUDDS | 2026-06-09 | 238222 | 1 | WEAK | BULK |
News timeline
- lowthehindubusinessline.com· 10 Oct 2026, 09:38 pmStudds Accessories: Is the 29% stock correction a buying opportunity?
Concalls & investor presentations
AI-generatedKey takeaway: Management reported that the global economic environment remains challenging, but India is supported by strong domestic consumption and infrastructure spending. The company achieved a 13.7% year-on-year revenue growth to INR 169.7 crores in Q1 FY27, despite facing a sharp increase in styrene-based raw material prices. Management noted that the average price of styrene rose significantly, impacting margins, but they took necessary pricing actions to address this. They guided toward an improvement in EBITDA margins to 14%-15% in Q2 FY27 and a return to 18%-20% by Q4 FY27, contingent on stable raw material prices. Management highlighted ongoing initiatives in capacity expansion, product innovation, and international market penetration, including operations in Italy and partnerships with Decathlon. The company aims to diversify its growth engines beyond helmets, focusing on a broader rider safety ecosystem.
Management highlighted both growth opportunities and challenges related to raw material costs.
Sourced from an exchange-filed transcript, dated 14 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Management reported on the earnings conference call held on May 25, 2026, that Studds Accessories Limited experienced steady growth in both domestic and export markets, with consolidated revenue for FY26 reaching INR 634.2 crores, an increase of 8.6% year-on-year. The company highlighted a significant transformation in its product mix, with premium brands like SMK showing exceptional growth, achieving a CAGR of around 52%. Management noted that the organized helmet industry is shifting towards premiumization, driven by rising disposable incomes and stricter safety regulations. They announced plans for capacity expansion, aiming to increase manufacturing capacity by 3 million units by FY27. Additionally, management discussed ongoing brand-building initiatives and a commitment to invest INR 30 crores in advertising for FY27. The company also plans to implement an Employee Stock Option Plan, subject to shareholder approval. Overall, management expressed confidence in long-term growth opportunities and a goal of 17%-18% revenue growth for the next financial year.
Management emphasized growth and strategic initiatives during the earnings call.
Sourced from an exchange-filed transcript, dated 29 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from Studds Accessories Limited reported a strong performance for FY26, with revenue increasing by 8.6% year-over-year to Rs. 634 crore. EBITDA rose by 16.4% to Rs. 122.2 crore, resulting in improved EBITDA margins of 19.3%. Profit After Tax (PAT) also saw an increase of 18.7% to Rs. 82.7 crore. Management highlighted the growth driven by premiumisation initiatives, an improved product mix, and operational efficiencies. The company is expanding its capacity by 30% over FY26 levels, with plans to enhance its international presence, particularly in Europe. Additionally, management noted the onboarding of the premium brand Alpinestars under its private-label segment. The presentation emphasized the strategic focus on premium products and export expansion as key growth drivers.
Management highlighted strong financial performance and growth initiatives.
Sourced from an exchange-filed presentation, dated 23 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Management provided an overview of Studds Accessories Limited's business strategy during the earnings conference call held on February 2, 2026. The company operates on three core pillars: brand-led demand creation, efficient manufacturing, and disciplined execution. Management reported a 9.4% year-over-year growth in consolidated revenue for Q3 FY26, reaching INR 163 crores, with gross margins improving to 61.4%. EBITDA increased by 20.1% year-over-year to INR 30.7 crores, and profit after tax rose by 26.3% to INR 20.7 crores. Management noted that the company is expanding its production capacity and investing in brand visibility through marketing initiatives. The establishment of a subsidiary in Spain is progressing, aimed at enhancing export capabilities. Management highlighted ongoing investments in product development and safety features to align with consumer preferences and regulatory standards.
Management emphasized growth and strategic investments in brand and production capacity.
Sourced from an exchange-filed transcript, dated 05 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedStudds Accessories Limited (STUDDS) listed on India's Main Board Stock Exchanges in FY2025-26, marking a significant milestone in its 50-year history. The company maintains strong internal controls and governance, with an independent internal audit function led by Deloitte. However, a penalty of Rs. 40,000 was imposed by the Registrar of Companies for non-compliance related to the re-appointment of Mr. Madhu Bhushan Khurana as Managing Director. The penalty has been paid, and the issue has been rectified. The company emphasizes its commitment to safety, innovation, and corporate governance, with no material regulatory or legal actions impacting its going-concern status.
- STUDDS listed on India's Main Board Stock Exchanges in FY2025-26, marking a significant milestone in its 50-year history.
- A penalty of Rs. 40,000 was imposed by the Registrar of Companies for non-compliance related to the re-appointment of Mr. Madhu Bhushan Khurana as Managing Director, which has been rectified and paid.
- The company maintains strong internal controls and governance, with an independent internal audit function led by Deloitte.
- No material regulatory or legal actions impact the company's going-concern status, and no defaults or insolvency proceedings were reported.
Key takeaway: Studds Accessories Limited successfully listed in FY2025-26, demonstrating strong governance and internal controls, though a past regulatory penalty underscores the need for continued compliance vigilance.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (2 items); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
2 occurrencesRecent (last 12 months)
The Registrar of Companies, Delhi (ROC) imposed a penalty on the company under Section 454 of the Companies Act, 2013, via Order No. PO/ADJ/09-2025/DL/00716 dated 30th September, 2025.
The Registrar of Companies, Delhi (ROC) imposed a penalty on the company under Section 454 of the Companies Act, 2013, via Order No. PO/ADJ/09-2025/DL/00716 dated 30th September, 2025.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company has undisputed statutory dues in arrears for more than six months as of 31 March 2026, including service tax and GST for periods from March 2017 to FY 2020-21, with disputes pending before authorities in Faridabad and the Income Tax Department.
The company has undisputed statutory dues in arrears for more than six months as of 31 March 2026, including service tax and GST for periods from March 2017 to FY 2020-21, with disputes pending before authorities in Faridabad and the Income Tax Department.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The company has contingent liabilities including service tax demands, GST demands for FY 20-21 and FY 18-19, income tax demands for AY 20-21, and bank guarantees/letters of credit. Additionally, there are cases against the company where the amount cannot be quantified.
The company has contingent liabilities including service tax demands, GST demands for FY 20-21 and FY 18-19, income tax demands for AY 20-21, and bank guarantees/letters of credit. Additionally, there are cases against the company where the amount cannot be quantified.