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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. STUDDS brand helmets, SMK premium brand helmets (23%), Private-label helmets, Exports (20%). Branded two-wheeler helmet manufacturer with a premiumisation tilt, growing export contribution, and capacity-led expansion
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 634 |
| EBITDA (ex other income) | 122 |
| margin % | 19.3 |
| Owners' profit | 83 |
| EPS, as reported (₹) | 21.00 |
| ROE % · ROCE % | 15.8 · 20.2 |
| Debt / equity (x) | 0.01 |
| Cash from operations | 86 |
| Capex | (47) |
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | 154 | 163 | 168 | 170 |
| Profit before tax | 27 | 28 | 29 | 17 |
| Net profit | 21 | 21 | 21 | 12 |
| EPS (₹) | 5.24 | 5.27 | 5.36 | 3.12 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Studds Accessories 44th AGM: all 5 resolutions passed, Rs 3 dividend approved | board shareholder meetings | low | — | — |
| 6 Sept 2026 · AGM presentation: FY26 PAT up 18.7%, targets Rs 1,000 cr medium-term | investor communications | medium | — | — |
| 5 Sept 2026 · 44th AGM held via VC; final dividend of Rs 3 per share and ESOP 2026 scheme approved | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · VP-Taxation Manish Mehta resigns from Studds Accessories | management changes | medium | — | — |
| 24 Aug 2026 · Newspaper notice on special window for physical share transfer and demat | compliance | minimal | — | — |
| 14 Aug 2026 · Studds Q1 FY27 call: margin recovery to 18-20% by Q4, Italy ops from Oct | investor communications | medium | — | — |
| 13 Aug 2026 · Studds Accessories announces 44th AGM and e-voting details | compliance | minimal | — | — |
| 12 Aug 2026 · Studds Accessories 44th AGM on September 5; Rs.3 per share dividend recommended | compliance | minimal | — | — |
| 12 Aug 2026 · Studds Accessories sets Aug 29 2026 record date for dividend and 44th AGM on Sep 5 | corporate actions | medium | — | — |
| 12 Aug 2026 · Studds 44th AGM on Sept 5, 2026 with Rs 3 dividend proposal | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| 49,016 |
| 70.4 |
| 7.99 |
| 42.6 |
| 10.3 |
| 12.9 |
| — |
| 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 22.3 | 26.7 | 49 of 123 | 61% |
| P/B | 3.2 | 3.5 | 55 of 116 | 53% |
| ROCE | 20.1 | 12.6 | 26 of 125 | 80% |
| ROE | 15.8 | 11.6 | 34 of 119 | 72% |
| Debt / Equity | 0.0 | 0.3 | 23 of 119 | 81% |
| EBITDA margin | 13.4 | 12.2 | 48 of 118 | 60% |
| Market cap | 1664 | 1542 | 61 of 125 | 52% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
