Studds Unlisted Share Price

Studds Share Price Description – Incorporated in 1983, Studds Accessories stands as a premier Indian manufacturer of helmets and motorcycle accessories. As of the date of this Draft Red Herring Prospectus, Manufacturing Facilities I, II, and III collectively have an annualized production capacity of approximately 9.04 million units. In Fiscal 2024, Studds sold approximately 7.10 million helmets. Its manufacturing facilities in Faridabad, Haryana, are equipped to manufacture products certified by the European Safety Agency. The facility is Asia’s biggest helmet manufacturing facility.

The company’s success is built on safety, style, design and quality and it has a loyal customer base for its unique products. With the Indian government implementing stricter helmet laws to improve rider safety, the outlook for Studds and the helmet industry looks good, with policy tailwinds and rising safety awareness. Studds is well placed to benefit from these trends with its manufacturing capabilities, wide distribution network and leadership in the two-wheeler helmet segment.

Studds Accessories filed its DRHP on 26 March 2025. This follows an earlier attempt in 2018, which was postponed due to unfavorable market conditions.

Market Position and Growth

With an extensive product portfolio including full-face, flip-up, off-road, and sporting helmets, in FY24, Studds Accessories (SAL) held a 27.3% market share by volume and 25.5% by value in the domestic market. As of 31 December 2024, Studds sold through 348 active distributors in India, and it had a network of 209 suppliers, exporting to over 70 countries across Europe, Asia, America, Australia, and the Middle East. The company supplies helmets and accessories to OEMs like Honda, Hero, Suzuki, Royal Enfield, and Yamaha, as well as to government bodies such as Central Police Canteens and the Canteen Stores Department.

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Services of Studds

Studds Accessories manufactures a wide range of helmets and motorcycle accessories. Its helmets are marketed under the Studds and SMK brands and cater to different market segments, Studds for the mass commuter and SMK for the premium segment. Besides helmets, Studds also produces two-wheeler lifestyle accessories like luggage, gloves, security guards, rain suits, and eyewear. Additionally, Studds offers bicycle helmets and face shields/masks. The company is innovation and quality-focused, uses high-quality materials and tests its products rigorously to ensure they meet safety standards and customer expectations.

Studds Subsidiary

• Bikerz US, Inc.

Credit Ratings

The following year, CARE Ratings awarded Ratings on 12 February 2024.

Particular	Reaffirmed	Previous
Long-term rating (Long-term bank facilities)	CARE A+; Stable (Single A Plus; Outlook: Stable)	CARE A+; Stable (Single A Plus; Outlook: Stable)
Long-term rating (Long term bank facilities)	CARE A1+ (A One Plus)	CARE A1+ (A One Plus)

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Key Highlights

• The company filed the DRHP on 26 March 2025.
• As of 31 December 2024, Studds offers 240+ helmet styles in various sizes and colors across two-wheeler categories, and the company offered 15,060 SKUs across the product categories.
• As of DRHP, the company boasts a combined annualized production capacity of 9.04 million helmets across its three main manufacturing units in Faridabad, Haryana. Its fourth facility already produces 9 million EPS (Expanded Polystyrene) liners annually—a critical safety component in helmets. Studds is constructing a fifth manufacturing facility, expected to be commissioned in the fiscal year 2026.
• As of 31 December 2024, Studds Accessories had over 3,232 employees, including contractual and casual workers.
• The revenue for Studds Accessories was INR 529.02 crore in FY 2024, compared to INR 499.17 crore in FY 2023, reflecting a revenue growth of approximately 6.5%.
• The total comprehensive income for the period stood at INR 57.31 crore in FY 2024, compared to INR 33.06 crore in FY 2023, reflecting a growth of approximately 73.25%.
• Studds also manufactures helmets for global brands such as Daytona (Jay Squared LLC) and O’Neal, which are exported to the United States, Europe, and Australia.

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Studds Board of Directors

• Mr. Madhu Bhushan Khurana – Chairman and Managing Director
• Mr. Sidhartha Bhushan Khurana – Managing Director
• Ms. Shilpa Arora – Whole-time Director
• Ms. Deepshikha Singla – Independent Director
• Mr. Pankaj Duhan – Independent Director
• Mr. Shishira Rudrappa – Independent Director

Studds Unlisted Share Price Details

Name	Studds Unlisted Share Price Details
Face Value	INR 5 per share
ISIN Code	INE00Q601028
Lot Size	50 share
Demat Status	NSDL, CDSL
Studds Share Price	INR 640 per share
Market Cap	INR 2,519 crores
Total number of shares	3,93,53,400 Shares
Website	www.studds.com

Studds Unlisted Share Price – Shareholding Pattern

Details of shareholders holding more than 5% of the equity shares capital in the company as of 30 September 2024:

Shareholder Name	% to Holding	No. of shares
Madhu Bhushan Khurana	37.95	1,49,35,560
Sidhartha Bhushan Khurana	31.79	1,25,09,360
Chand Khurana	8.35	32,87,400
Others	21.91	86,21,080

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Studds Unlisted Share Price Details – Financial Metrics

Particulars	FY 2022	FY 2023	FY 2024	H1 FY 2025
Revenue	462.51	499.17	529.02	285.31
Revenue Growth (%)	(3.57)	7.93	5.98	–
Expenses	427.97	460.04	459.46	245.20
Net Income	28.68	33.03	57.31	33.23
Margin (%)	6.20	6.16	10.83	11.65
EBITDA (%)	11.72	12.03	17.05	17.88
ROCE (%)	11.69	12.81	18.98	10.27
Debt/Equity	0.09	0.02	(0.07)	(0.07)
EPS	7.28	8.42	14.54	8.45

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Studds Accessories Annual Reports

Studds DRHP
Studds Annual Report FY 2023 – 2024
Studds Annual Report FY 2022 – 2023
Studds Annual Report FY 2021 – 2022

Studds Unlisted Share Price FAQs