Announced Fri, 3 Apr · 16:44 IST
CARE Ratings withdraws credit rating for Studds Accessories
Credit & Debt View source PDF
STUDDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹453.70
prior close
₹458.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.2-2.3-2.6-3.0-1.9+0.5-1.3-0.2+0.4+5.2+6.5+8.0-3.2+2.1
Up moveDown movePending
AI summary
CARE Ratings reaffirmed Studds Accessories' bank facility rating at CARE A+; Stable / CARE A1+ and then withdrew it at the company's request, with NOC from lenders. The withdrawal follows the company maintaining nil long-term debt. FY25 revenue rose 9.7% to ₹586.57 crore; PAT was ₹70.78 crore. Studds holds ~25% domestic helmet market share and exports to 70+ countries.
Likely market impact
Neutral to positive. Rating was reaffirmed at investment grade before withdrawal; company has no debt, making external rating unnecessary.