About
Studds Accessories Limited engages in the designing, manufacturing, marketing, and sale of helmets and riding accessories in India and internationally. The company offers full face, flip up face, open face, and off road helmet; arm sleeves, balaclava, cable lock, riding jackets, and motorcycle side luggage; and protective googles. It sells its products under the STUDDS and SMK brands. It serves daily commuter and rider. The company also exports its products to Europe, Asia, the Americas, Africa, and internationally. Studds Accessories Limited was founded in 1972 and is based in Faridabad, India.
Key Metrics
as of Sep 2026Market Cap1,666 Cr
P/E22.30
Div Yield0.71 %
Book Value₹133.00
52w High₹600.00
52w Low₹412.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Sales | 167.00 | 166.00 | 161.00 | 154.00 | 148.00 | 149.00 | 149.00 | 145.00 |
| Expenses | 147.00 | 135.00 | 131.00 | 124.00 | 118.00 | 121.00 | 122.00 | 118.00 |
| Operating Profit | 20.00 | 32.00 | 31.00 | 31.00 | 30.00 | 27.00 | 27.00 | 27.00 |
| OPM % | 12.00 | 19.00 | 19.00 | 20.00 | 21.00 | 18.00 | 18.00 | 19.00 |
| Other Income | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 5.00 | 2.00 | 3.00 |
| Depreciation | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 18.00 | 29.00 | 28.00 | 28.00 | 28.00 | 26.00 | 24.00 | 24.00 |
| Tax % | 26.00 | 27.00 | 27.00 | 24.00 | 26.00 | 26.00 | 27.00 | 26.00 |
| Net Profit | 13.00 | 22.00 | 21.00 | 21.00 | 20.00 | 19.00 | 18.00 | 18.00 |
| EPS in Rs | 3.37 | 5.47 | 5.21 | 5.40 | 5.20 | 4.94 | 9.02 | 9.03 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Sales | 630.00 | 583.00 | 529.00 | 499.00 | 463.00 | 480.00 |
| Expenses | 506.00 | 477.00 | 438.00 | 439.00 | 408.00 | 369.00 |
| Operating Profit | 125.00 | 106.00 | 91.00 | 60.00 | 54.00 | 111.00 |
| OPM % | 20.00 | 18.00 | 17.00 | 12.00 | 12.00 | 23.00 |
| Other Income | 12.00 | 12.00 | 6.00 | 7.00 | 5.00 | 5.00 |
| Interest | 2.00 | 1.00 | 2.00 | 3.00 | 3.00 | 4.00 |
| Depreciation | 21.00 | 21.00 | 19.00 | 18.00 | 17.00 | 13.00 |
| Profit before tax | 113.00 | 96.00 | 76.00 | 47.00 | 40.00 | 98.00 |
| Tax % | 26.00 | 26.00 | 25.00 | 29.00 | 28.00 | 25.00 |
| Net Profit | 84.00 | 71.00 | 57.00 | 33.00 | 29.00 | 74.00 |
| EPS in Rs | 21.28 | 17.99 | 29.09 | 16.90 | 14.56 | 37.61 |
| Dividend Payout % | 14.00 | 14.00 | 14.00 | 24.00 | 21.00 | 11.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Equity Capital | 20.00 | 20.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Reserves | 505.00 | 431.00 | 378.00 | 328.00 | 301.00 | 280.00 |
| Borrowings | 4.00 | 6.00 | 9.00 | 32.00 | 46.00 | 28.00 |
| Other Liabilities | 107.00 | 98.00 | 89.00 | 91.00 | 98.00 | 117.00 |
| Total Liabilities | 636.00 | 554.00 | 486.00 | 461.00 | 455.00 | 434.00 |
| Fixed Assets | 333.00 | 334.00 | 331.00 | 311.00 | 310.00 | 266.00 |
| CWIP | 58.00 | 29.00 | 12.00 | 12.00 | 13.00 | 10.00 |
| Investments | 4.00 | 3.00 | 0.00 | 2.00 | 2.00 | 2.00 |
| Other Assets | 241.00 | 189.00 | 142.00 | 135.00 | 130.00 | 156.00 |
| Total Assets | 636.00 | 554.00 | 486.00 | 461.00 | 455.00 | 434.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 88.00 | 64.00 | 72.00 | 28.00 | 12.00 | 73.00 |
| Cash from Investing Activity | -44.00 | -49.00 | -18.00 | 1.00 | -40.00 | -34.00 |
| Cash from Financing Activity | -12.00 | -12.00 | -41.00 | -23.00 | 3.00 | -17.00 |
| Net Cash Flow | 32.00 | 3.00 | 13.00 | 6.00 | -25.00 | 22.00 |
| Free Cash Flow | 41.00 | 22.00 | 40.00 | 9.00 | -45.00 | 37.00 |
| CFO/OP % | 95.00 | 78.00 | 99.00 | 65.00 | 45.00 | 85.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Debtor Days | 26.00 | 28.00 | 20.00 | 23.00 | 22.00 | 20.00 |
| Inventory Days | 103.00 | 79.00 | 62.00 | 49.00 | 62.00 | 48.00 |
| Days Payable | 69.00 | 46.00 | 47.00 | 48.00 | 73.00 | 103.00 |
| Cash Conversion Cycle | 60.00 | 61.00 | 34.00 | 23.00 | 11.00 | -35.00 |
| Working Capital Days | 30.00 | 26.00 | 9.00 | -1.00 | -5.00 | -25.00 |
| ROCE % | 23.00 | 23.00 | 21.00 | 14.00 | 13.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update2 Apr from care
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Rating update25 Mar 2025 from care
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Rating update12 Feb 2024 from care
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Rating update3 Mar 2023 from care
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Rating update31 Mar 2022 from crisil
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Rating update29 Mar 2022 from care