Studds Accessories Limited
Unlisted Share

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Studds Accessories Limited

Overview

Studds Accessories Limited is an Indian company that specializes in the manufacturing and marketing of helmets and other two-wheeler accessories. While I don’t have access to real-time financial information or stock market data, I can provide you with some general information about unlisted shares.

Unlisted shares are stocks of a company that are not traded on a recognized stock exchange. This means that they are not as easily bought and sold as shares of publicly-listed companies. Unlisted shares are typically traded through private transactions, and the process can be less transparent compared to trading on a stock exchange.

If you are interested in buying or selling unlisted shares of Studds Accessories Limited, you would typically need to find a buyer or seller through a private network, financial advisor, or a broker who specializes in unlisted shares. The price at which unlisted shares are bought or sold can vary significantly and is often determined through negotiation between the parties involved.

Keep in mind that investing in unlisted shares can be riskier compared to investing in publicly-traded stocks because they are not subject to the same regulatory oversight and reporting requirements. It’s essential to conduct thorough due diligence and seek professional advice before engaging in transactions involving unlisted shares. Additionally, the availability and marketability of unlisted shares can vary, so it’s essential to research and stay informed about the specific company’s situation.

Please note that the status of Studds Accessories Limited’s shares as unlisted may have changed since my last knowledge update in January 2022. You should check the latest information and consult with financial experts or brokers for the most current details if you are considering buying or selling unlisted shares of the company.

Studds Investment Thesis

Company Overview:

Founded in 1973, Studds Accessories Ltd. (Studds) is one of India’s top helmet manufacturers. The corporation is the owner of the SMK and Studds brands. Launched in 2016, SMK is a luxury brand primarily aimed at international markets. The demand for helmets increased by around 5% in FY20 and 8% in FY21, despite the notable decline in the market for two-wheelers (2Ws) in FY20 and FY21. This resulted from the stringent enforcement of laws by state authorities throughout India, which required 2W riders to wear helmets.

We anticipate that the regulations pertaining to helmet use for 2W cyclists will remain strict in the future. This, together with the implementation of new rules,

Founding and History: Studds was founded by Madhu Bhushan Khurana. The company began its journey in 1973 and has since evolved into a major player in the helmet and motorcycle safety gear market.

1. Product Range: Studds primarily focuses on the production of helmets for two-wheelers, including motorcycles and scooters. They offer a wide range of helmets for various purposes, including full-face, open-face, and modular helmets. Studds helmets are known for their quality and safety features.

2. Quality and Safety: Studds places a strong emphasis on safety, and their helmets comply with international safety standards. They use high-quality materials and advanced technology to ensure the protection of riders.

3. Innovation: Studds is known for its continuous efforts in innovation. They incorporate the latest technology and design trends into their helmets. This includes features like ventilation systems, visor options, and improved aerodynamics.

4. Global Presence: While Studds is based in India, they have expanded their presence to various international markets. Their products are sold in many countries around the world.

5. Awards and Recognitions: Studds has received several awards and recognitions for its contributions to motorcycle safety and the quality of its products.

6. Social Responsibility: Studds has also been involved in various social responsibility initiatives, including campaigns to promote helmet use and road safety awareness.

7. Retail Presence: Studds helmets are available through a wide network of dealers and retailers, making them easily accessible to motorcycle enthusiasts.

Studds is a well-known brand in the motorcycle helmet industry, and their commitment to safety and quality has made them a popular choice for riders in India and beyond. They continue to be a prominent player in the motorcycle safety gear market, focusing on innovation and the well-being of motorcycle riders.

Company Mission:

Our goal is to become the world’s leading helmet manufacturer and offer safety to all riders of two wheels. A traveller who carries dreams connected to oneself, one’s family, one’s community, and one’s country with him in addition to his travels.

Dreams, in our opinion, uplift and bring out the best in people. Our desire to see every person’s aspirations come true drives us to put in endless effort and produce high-caliber and innovative work.

At STUDDS, we firmly think that dreams are what set the best apart from the others, which is why we make a tiny effort to support each person on his path to realising his ambitions.

We continue to ride on this trust as we impact millions of lives each with our dedication to creating safe,

To provide current, cutting-edge, and high-quality products to fulfil the wide range of demands of its clients, Reliance Retail established design and product development centres and continues to invest in their construction. The sourcing ecosystem of Reliance Retail collaborates with local, regional, national, and worldwide brands as well as small and medium-sized businesses (SMBs). It specifically helps small producers update their businesses, cut down on waste, and stop leaks. By connecting all major sourcing locations through an automated, modular, dependable, and scalable warehousing, logistics, and last mile fulfilment ecosystem, the company is investing in developing state-of-the-art supply chain infrastructure in India. Reliance Retail’s selling ecosystem is made up of a vast network of stores and digital commerce platforms to serve customers across the length and breadth of the country. Using the New Commerce model,

Business Segments:

Studds is a well-known Indian company that specializes in the manufacturing and distribution of helmets and other motorcycle safety gear. Studds operates in several business segments related to the two-wheeler industry. Here are the primary business segments of Studds:

1. Helmets: Studds is best known for its wide range of motorcycle helmets. They produce helmets for various types of riders, including full-face helmets, open-face helmets, flip-up helmets, and off-road helmets. Studds helmets are known for their quality, safety features, and innovative designs.

2. Accessories: Studds also offers a variety of motorcycle accessories, including helmet visors, helmet locks, helmet covers, and helmet care products. These accessories are designed to complement and enhance the functionality and appearance of their helmets.

3. Rider Apparel: In addition to helmets, Studds has expanded into the rider apparel segment. They offer riding jackets, gloves, and other protective gear for motorcycle enthusiasts. This helps provide a comprehensive safety solution for riders.

4. Bicycles: Studds has diversified into the bicycle segment. They manufacture and sell a range of bicycles, catering to different age groups and riding preferences. Studds bicycles are designed with an emphasis on quality and affordability.

5. Automotive Components: Studds is also involved in the manufacturing of automotive components, including various parts and accessories for two-wheelers. These components are used in the construction and maintenance of motorcycles and bicycles.

6. International Presence: Studds has expanded its reach internationally, and they have a global presence through exports of their products. This segment involves distributing their helmets and other safety gear to markets outside of India.

Studds has gained recognition for its commitment to safety and quality in the motorcycle and bicycle gear industry. The company’s diverse product range and expansion into various segments within the two-wheeler industry have contributed to its success and prominence in the market.

Competitive Strength:

Studds is a well-known brand in the motorcycle helmet industry. Its competitive strengths can be attributed to several factors that have contributed to its success. Please note that my knowledge is based on information available up to January 2022, and the competitive landscape may have evolved since then. Here are some of the competitive strengths of Studds:

1. Product Quality: Studds has built a reputation for producing high-quality motorcycle helmets. Their helmets often meet or exceed safety standards, which is a critical factor in the motorcycle helmet industry.

2. Wide Range of Products: Studds offers a diverse range of helmets to cater to different customer preferences. This includes full-face helmets, open-face helmets, off-road helmets, and more. This variety allows them to target a broader customer base.

3. Innovation: Studds has a history of innovation in helmet design and technology. They continuously work on improving helmet safety, comfort, and style, which can give them a competitive edge.

4. Global Presence: Studds has expanded its presence beyond India to international markets. This globalization helps in diversifying its customer base and increasing brand recognition.

5. Affordability: Studds has a reputation for offering good quality helmets at competitive prices. This affordability can make their products more accessible to a broader range of consumers.

6. Strong Distribution Network: Studds has a robust distribution network, which includes dealers, distributors, and online sales. This widespread availability makes it easier for customers to access their products.

7. Compliance with Safety Standards: Studds helmets are typically compliant with safety standards like ISI (Indian Standards Institution), DOT (Department of Transportation, USA), and ECE (Economic Commission for Europe), ensuring their products meet stringent safety requirements.

8. Brand Recognition: Studds has built a strong brand presence over the years. Their brand is associated with quality, safety, and reliability, which can drive customer loyalty and trust.

9. Customer Support and Warranty: Studds typically provides good customer support and warranties on their products, which can enhance customer satisfaction.

10. Corporate Social Responsibility: Studds has been involved in corporate social responsibility activities, such as promoting road safety and helmet usage. This can help build a positive brand image.

It’s important to note that the competitive landscape can change over time, and other helmet manufacturers may also possess similar strengths. Studds will need to continually adapt and innovate to maintain its competitive position in the market.

Promoters and ShareHolding Pattern:

Financials:

Valuations:

  • Two elements keep overall income growing gradually even in the face of a challenging market environment. First, overall exports increased by 42.8 percent in FY22 due to an average foreign exchange rate that was higher than in prior years.
  • The company’s steady revenue production throughout the years has been the main factor in the accrued retained earnings.
  • The company’s higher earnings are the cause of the notable increase in EBITDA. The revenue rise in 2022 was mostly due to the growth in exports.
  • The company’s existing asset group has grown, which is the main cause of the asset base’s progressive rise.
  • A lower debt-to-equity ratio demonstrates their effective debt repayment.
  • The company’s expansionary aim, which entails employing its assets to manufacture new and improved gears, is mostly to blame for the reduction in ROCE. This ambition has also increased the company’s current liabilities.

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