STUDDS ACCESSORIES LTD | LATEST SHARE PRICE & UPDATES
Company Overview
Studds Accessories Ltd was incorporated in 1982 in Haryana, India with an initial capital of Rs.500 which now stands at Rs.9.83Crs.
Studds is the world’s largest and leading manufacturer and exporter of 2 wheeler helmets and accessories.
Studds manufactures more than 50 types of helmets catering needs of all kinds of customers across the globe. Besides helmets, it also manufactures motorcycle accessories i.e spare visor, luggage, gloves, helmet security guards, rain suits and eyewear, boxes, etc.
The company with its 2 major brands i.e STUDDS & SMK (premium brand). It manufactures all ISI-certified helmets.
Studds is one of the few companies in the international market whose facilities have been granted major safety certifications such as BIS certifications IS: 4151 (for motorcycle helmets) and IS: 2925 (for industrial helmets), ECE 22.05, and SLSI certifications, required for exporting its products to international markets.
Revenue Model
(a) The company sells a helmet in the range of Rs.825 to 2165 under the brand name Studds having a market share of 25% as of FY18.
(b) The company sells a helmet in the range of Rs.2300 to 9800 under the brand name SMK having a market share of 27.79% as of FY18.
(c) Apart from selling a helmet the company also in the business of Motorcycle Accessories like Jackets, Gloves, glasses, etc.
(d) 90% of the Revenue comes from the Helmet division and 10% comes from Motorcycle Accessories.
(e) 92.3% of the business comes from the Domestic Market and the rest 7.97% comes from exports.
Business Highlights
1. Despite challenges in the market Studds have performed well and the top line grew by 10.85%. Besides, growth in the top line, the operating EBIDTA grew at 41.16% and the PAT grew by 81.05% from the preceding year.
2. This year Studds has made significant investments to develop a world-class R&D facility, backward integration by manufacturing EPSL in the plant, with an endeavor to improve the quality of the products and meet stringent safety standards.
3. During the year, the company has stepped up efforts to improve relations with its dealers and distributors and it helped to significantly increase its market share. As of 31st March 2020, the network of 385 dealers is spread across the globe and 7 EBO’s in India.
4. This year the company has launched new products i.e. Titan Fiber, Titan Carbon, Sub Urban. They are planning to further bolster the segment with the launch of riding gear, jackets, armors, elbow guards, knee guards, and shoes.
5. This year company has sold 66.5 Lakhs (Domestic + Global) and globally has a Domestic market share in Two Wheelers helmets of 25.66%.
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