Studds Accessories Ltd was incorporated in 1982 for
manufacturing Helmets & 2 Wheeler
accessories in India. Studds Accessories Ltd manufactures range of helmets and
two-wheeler accessories (i.e full face, flip up full face, off road
full face, open face sporting and industrial) is the largest in the segment,
and it keeps evolving with every passing year. Thus catering to all type of
customers need suiting their budget and requirements.
STUDDS has a market share of approx. 10% in the
city like New Delhi, wherein in Mumbai, it has commanded a market share of 70 –
80%.
FINANCIAL HIGHLIGHTS: (All Fig. in Crs.)
PARTICULARS
|
FY 2018
|
FY 2017
|
TOTAL INCOME
|
342
|
311
|
PAT
|
33
|
24
|
EPS
|
16.71*
|
217.63
|
EQUITY PAID UP
|
9.837*
|
1.09
|
FACE VALUE
|
5
|
10
|
BOOK VALUE
|
542.95
|
788.35
|
*On 8th
June 2018 face value got split from Rs.10 to Rs.5 per share. And further company
issued 8 equity shares for every 1 share held.
CONCLUSION:
1. Studds Accessories Ltdhas filled IPO draft with SEBI to raise Rs. 600 Crs via offer for sale of
3,939,000 shares and fresh issue of shares worth Rs. 98 Crs. Shares are to be
listed on BSE & NSE. Funds raised
are to be utilized for:
- Financing manufacturing unit III for motorcycle helmets and accessories at Faridabad. The unit is proposed to have production capacity of 6Mn. Helmets p.a
- Financing manufacturing unit IV for bicycle helmets at Faridabad. The unit is proposed to have production capacity of 1.5 Mn helmets p.a.
2. In 2017 STUDDS had launched an
international brand SMK with focus on
European & western market. This brand was very well welcomed by the
customers fetching company higher margin which in turn will helped to increase
the bottom line this year.
3. The company proposed to increase FII limit from 24% to 49% and NRI limit from 10% to 24% in EGM hrld on 7th July, 2018.
3. The company proposed to increase FII limit from 24% to 49% and NRI limit from 10% to 24% in EGM hrld on 7th July, 2018.
4. In
2017 Cabinet has taken iconic step in Indian Road Safety measures by passing
final Motor
Vehicle (Amendement) Bill 2016 under which not wearing a helmet
can even lead to suspension of license. The Motor Vehicle Bill proposes stringent changes in laws and fines for road and
vehicular safety. This bill shall benefit Studds Accessories Ltd and other
helmet manufacturer.
Thus based on strong fundamental growth prospective of the company, expansion plan (Geographically and product base), Upcoming IPO and strong support from government, we shall recommend – “Buy- Studds Accessories Ltd”
Read In Detail – Studds Accessories Ltd|
For buying and selling any unquoted / unlisted / delisted or suspended shares in physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on mittalmanish2003@gmail.com
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