STUDDS

Studds Accessories Limited

Two-wheeler helmets under STUDDS and SMK brands

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

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Key metrics

Price as of 2026-10-16

Stock price

₹407.15

Market cap

1,602 Cr

Stock P/E

21.4

P/B

3.06

Dividend yield

0.6%

ROE (FY26)

15.8%

ROCE (FY26)

21.4%

Operating margin (FY26)

15.9%

Debt / equity (FY26)

0.0070

OCF / EBITDA (FY26)

70.6%

OCF / EBITDA (3Y)

69.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

STUDDS (Studds Accessories) makes and sells two-wheeler helmets and riding accessories in India and export markets, under its mass-market STUDDS brand and the premium SMK brand.

Company snapshot

63rdBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives

✓Debt-to-equity of 0.01x — the company is largely funded by its own money, not borrowed funds.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	154 Cr	163 Cr	168 Cr	170 Cr
Operating expenses (approx.)	125 Cr	132 Cr	136 Cr	150 Cr
EBITDA	30 Cr	31 Cr	31 Cr	20 Cr
OPM %	19.3%	18.8%	18.7%	11.5%
Other income	3 Cr	3 Cr	3 Cr	3 Cr
Interest	0.25 Cr	0.19 Cr	0.22 Cr	0.19 Cr
Depreciation	5 Cr	5 Cr	5 Cr	5 Cr
Profit before tax	27 Cr	28 Cr	29 Cr	17 Cr
Tax %	24.3%	25.5%	27.0%	28.5%
Net profit	21 Cr	21 Cr	21 Cr	12 Cr
EPS (₹)	₹5.24	₹5.27	₹5.36	₹3.12

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	499 Cr	529 Cr	584 Cr	634 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	439 Cr	439 Cr	479 Cr	512 Cr	Sign in free for the trailing twelve months
EBITDA	60 Cr	90 Cr	105 Cr	122 Cr	Sign in free for the trailing twelve months
OPM %	12.0%	17.0%	18.0%	19.3%	Sign in free for the trailing twelve months
Other income	7 Cr	7 Cr	12 Cr	12 Cr	Sign in free for the trailing twelve months
Interest	3 Cr	2 Cr	1 Cr	0.91 Cr	Sign in free for the trailing twelve months
Depreciation	18 Cr	19 Cr	21 Cr	21 Cr	Sign in free for the trailing twelve months
Profit before tax	46 Cr	76 Cr	95 Cr	112 Cr	Sign in free for the trailing twelve months
Tax %	28.6%	25.1%	26.7%	26.0%	Sign in free for the trailing twelve months
Net profit	33 Cr	57 Cr	70 Cr	83 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹8.42	₹14.54	₹17.70	₹21.00	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	11.9%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10 Cr	10 Cr	20 Cr	20 Cr
Reserves	328 Cr	378 Cr	430 Cr	503 Cr
Borrowings	31 Cr	0.61 Cr	3 Cr	4 Cr
Other liabilities	92 Cr	98 Cr	104 Cr	111 Cr
Total liabilities	461 Cr	486 Cr	557 Cr	638 Cr
Fixed assets (net)	307 Cr	320 Cr	326 Cr	327 Cr
CWIP	10 Cr	10 Cr	25 Cr	53 Cr
Investments	0.0020 Cr	0.01 Cr	0.0090 Cr	0.01 Cr
Inventories	35 Cr	40 Cr	56 Cr	75 Cr
Trade receivables	31 Cr	28 Cr	43 Cr	42 Cr
Cash & bank	25 Cr	36 Cr	39 Cr	70 Cr
Other assets	52 Cr	51 Cr	67 Cr	71 Cr
Total assets	461 Cr	486 Cr	557 Cr	638 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	56 Cr	72 Cr	63 Cr	86 Cr
Cash from investing	-26 Cr	-20 Cr	-51 Cr	-43 Cr
Cash from financing	-24 Cr	-41 Cr	-9 Cr	-12 Cr
Net cash flow	6 Cr	11 Cr	3 Cr	31 Cr
Free cash flow (OCF − Capex)	38 Cr	40 Cr	22 Cr	39 Cr

Ratios

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	13.4%	20.1%	21.3%	21.4%
ROE %	9.8%	14.8%	15.5%	15.8%
Debtor days	23	20	27	24
Inventory days	49	60	78	98
Days payable	49	46	44	63
Cash conversion cycle	23	34	61	59
OCF / EBITDA %	93.1%	79.7%	60.3%	70.6%
OCF / EBITDA % (3 years)	—	—	74.9%	69.8%
Debt / equity	0.09	0.0016	0.0065	0.0070
Current ratio	1.34	2.05	2.54	2.70
Net debt / EBITDA	0.09	-0.39	-0.34	-0.55