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NSE:STUDDS

STUDDS ACCESSORIES LTD

Automobile and Auto Components › Auto Components
₹394.95
at close · 27 Oct 2026
▲ 7.75 (+2.00%)

Latest filings

Next results: Sat, 31 Oct · Financial Results
  1. Q2 and H1 FY27 earnings call scheduled for November 3, 2026 · Board & Shareholder Meetings
  2. Corrigendum to special-window notice for physical shares · Compliance
  3. Special physical-share transfer and conversion window published · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes two-wheeler helmets and protective riding gear for motorcycle riders under its own STUDDS mass-market brand and SMK premium brand, alongside private-label production for retailers such as Decathlon and Alpinestars. In FY26 the company posted revenue of INR 634.233 crore at an EBITDA margin of 21.0815%. Raw materials form the biggest cost line at 43.8% of revenue, which is why an 8-9% price hike was implemented across the portfolio from April 1, 2026. Premiumisation is a key growth lever: SMK volumes are compounding at 52% CAGR at an average selling price of INR 2,552, and a new wholly-owned subsidiary in Reggio Emilia, Italy, has been set up as a warehousing and dealer-direct hub for Europe, with operations to start mid-Q2 FY27. Six new products are planned for FY27, including riding jackets and Bluetooth communication systems, and the company is preparing to enter MotoGP by calendar year 2028. India is seeing a structural shift from unorganised to organised helmet brands, with the unorganised share of 25-30% expected to shrink to 10-15% over the next two to three years.

Revenue mix · reported segments
SMK premium brand helmets22.8%
Exports20.0%
Operating scale
FY26 unit volumes
77.4 lakh units
Installed capacity
9.25 million units, expanding to 12 million units by Q2 FY27 (Phase 1) plus 1.5 million units (Phase 2) in subsequent 15-18 months
SMK premium brand ASP
INR 2,552FY26
Export revenue share
20% of FY26 revenue (up from 16.75%)FY26
Italy subsidiary initial inventory
10,000-15,000 units (~3 months coverage)Q2 FY27 onwards
Italy subsidiary capital
EUR 300,000Incorporated May 2026
Who pays it
Two-wheeler riders in the mass-market and premium motorcycle segments, private-label retail partners (Decathlon, Alpinestars), and international dealers and distributors
Biggest cost
Raw materials, at 43.8% of revenue
Kind of business
Branded two-wheeler helmet manufacturer with a premiumisation tilt, growing export contribution, and capacity-led expansion
Where it sits
Sits in India's organised helmet industry, which is gaining share from unorganised players whose share is expected to fall from 25-30% to 10-15% over two to three years
Market Cap
₹1,554 Cr
P / E (TTM)
20.8×
EV / EBITDA
12.1×
Div Yield
0.63%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
20.2%▲
ROCE (FY26)
ROE 15.8% · margin 21.1%
Leverage
0.01·
Debt / Equity · low
Net cash ₹67 Cr
Moves on a normal day
1.02%·
Median daily move
Last 238 sessions · the yardstick for filing-day moves
Where it sits among 126 Auto Components & Equipments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#45/119
P/B#54/117
ROCE#26/125
ROE#34/117
Debt / Equity#21/117
EBITDA margin#48/118

Scorecard

Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY26 — not investment advice

Strengths
Returns on capital 20.2%
#26 of 125 in Auto Components & Equipments on the latest reported figures
Debt at 0.01× equity
lower than 83% of its 117 Auto Components & Equipments peers
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

STUDDS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from STUDDS ACCESSORIES LTD's filed financials and exchange disclosures

What does STUDDS ACCESSORIES LTD do?

STUDDS ACCESSORIES LTD is a Auto Components company listed on NSE and BSE, trading under the symbol STUDDS.

Is STUDDS ACCESSORIES LTD profitable?

Yes. Over the trailing twelve months STUDDS ACCESSORIES LTD reported a net profit of ₹75 Cr on revenue of ₹655 Cr.

Does STUDDS ACCESSORIES LTD pay a dividend?

Yes. The dividend yield is 0.63% at the current price. It paid out 12% of its profit as dividend in FY26.

Is STUDDS ACCESSORIES LTD debt-free?

On a net basis, yes. It reported borrowings of ₹3.67 Cr on its 31 Mar 2026 balance sheet, but holds ₹67 Cr more cash than debt.

Is STUDDS ACCESSORIES LTD expensive compared with its peers?

On trailing P/E, STUDDS ACCESSORIES LTD ranks 45 of 119 in Auto Components & Equipments — cheaper than 63% of them, against an industry median of 25.0×. This is a position, not a valuation judgement.

How much does the STUDDS ACCESSORIES LTD share price move in a day?

On a typical session STUDDS ACCESSORIES LTD moves 1.02% — that is the median absolute close-to-close move across its last 238 trading days. MarketPing measures each filing's price reaction against it.

When are STUDDS ACCESSORIES LTD's next results?

Financial Results on Sat, 31 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track STUDDS ACCESSORIES LTD's announcements?

Every NSE and BSE filing by STUDDS ACCESSORIES LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.