---
title: "Studds Accessories Ltd (STUDDS) — Share Price, Financials & Analysis"
symbol: "STUDDS"
company: "Studds Accessories Ltd"
canonical: "https://tapetide.com/stocks/STUDDS"
isin: "INE00Q601028"
nse_symbol: "STUDDS"
bse_code: "544599"
sector: "Consumer Discretionary"
industry: "Auto Components"
market_cap_cr: 1620.38
generated_at: "2026-09-13T20:36:10.998Z"
---

# Studds Accessories Ltd (STUDDS)

Canonical page: https://tapetide.com/stocks/STUDDS

## Company

- **NSE Symbol:** STUDDS
- **BSE Code:** 544599
- **ISIN:** INE00Q601028
- **Sector:** Consumer Discretionary
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-11-07
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** studds.com

## About

Incorporated in 1975,Studds Accessories Limited is a manufacturer of two-wheeler helmets and motorcycle accessories.[1]

## Latest Price

- **Price:** ₹418.65
- **Change:** +0.25 (+0.06%)
- **Open:** ₹417.95
- **Day High:** ₹424.2
- **Day Low:** ₹410
- **Previous Close:** ₹418.4
- **Volume:** 44136
- **As Of:** 2026-09-11T10:01:37+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:55.764235Z.

- **Market Cap:** ₹1620.38 Cr
- **Classification:** Microcap
- **P/E (reported):** 22
- **P/E (TTM):** 22.05
- **EPS (TTM):** ₹18.99
- **Book Value:** ₹132.89
- **Price to Book:** 3.15
- **Dividend Yield:** 0.72%
- **ROE:** 15.8%
- **ROCE:** 20.21%
- **Debt to Equity:** 0.02
- **Revenue (yearly):** ₹645.7 Cr
- **Net Income:** ₹82.7 Cr
- **EBITDA:** ₹133.7 Cr
- **52-Week High:** ₹600
- **52-Week Low:** ₹410
- **RSI (14):** 34.23

## Tapetide Score

- **Score:** 56 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 74.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 90.09 | 9% |
| growth | 43.71 | 9% |
| momentum | 23.29 | 12% |
| ownership | 49.74 | 24% |
| quality | 71.97 | 22% |
| valuation | 54.65 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- The company has delivered a poor sales growth of 5.75% over past five years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 37.44% | 20.26% | 649.52% |
| ebitda margin growth | -33.91% | 5.56% | 14.42% | 62.3% |
| net income growth | -41.71% | 18.82% | 36% | 2% |
| revenue growth | 1.29% | 8.36% | 8% | 6% |
| roce | -40.32% | 1.56% | 8.31% | 16.73% |
| roe | -41.71% | 2% | 15.35% | 71.55% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 145 | 149 | 150 | 149 | 154 | 163 | 168 | 170 |
| Expenses | 118 | 123 | 122 | 119 | 125 | 132 | 136 | 150 |
| Operating Profit | 27 | 26 | 28 | 30 | 30 | 31 | 31 | 20 |
| OPM % | 18 | 17 | 19 | 20 | 19 | 19 | 19 | 12 |
| Other Income | 3 | 2 | 4 | 3 | 3 | 3 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 24 | 23 | 27 | 28 | 27 | 28 | 29 | 17 |
| Tax % | 27 | 28 | 26 | 27 | 24 | 26 | 27 | 28 |
| Net Profit | 17 | 16 | 20 | 20 | 21 | 21 | 21 | 12 |
| EPS in Rs | 8.89 | 8.34 | 5.05 | 5.15 | 5.24 | 5.26 | 5.36 | 3.13 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 480 | 463 | 499 | 529 | 584 | 634 | 655 |
| Expenses | 369 | 408 | 439 | 438 | 479 | 511 | 543 |
| Operating Profit | 111 | 54 | 60 | 91 | 105 | 123 | 111 |
| OPM % | 23 | 12 | 12 | 17 | 18 | 19 | 17 |
| Other Income | 5 | 5 | 7 | 6 | 12 | 12 | 12 |
| Interest | 4 | 3 | 3 | 2 | 1 | 2 | 1 |
| Depreciation | 13 | 17 | 18 | 19 | 21 | 21 | 21 |
| Profit before tax | 98 | 40 | 46 | 76 | 95 | 112 | 101 |
| Tax % | 25 | 28 | 29 | 25 | 27 | 26 | — |
| Net Profit | 74 | 29 | 33 | 57 | 70 | 83 | 75 |
| EPS in Rs | 37.6 | 14.56 | 16.85 | 29.09 | 17.7 | 21 | 18.99 |
| Dividend Payout % | 11 | 21 | 24 | 14 | 14 | 14 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 10 | 10 | 10 | 20 | 20 |
| Reserves | 280 | 301 | 328 | 378 | 430 | 503 |
| Borrowings | 28 | 46 | 32 | 9 | 9 | 8 |
| Other Liabilities | 117 | 98 | 91 | 89 | 98 | 106 |
| Total Liabilities | 435 | 455 | 461 | 486 | 557 | 638 |
| Fixed Assets | 266 | 310 | 311 | 331 | 338 | 338 |
| CWIP | 10 | 13 | 12 | 12 | 29 | 58 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 159 | 133 | 138 | 142 | 189 | 242 |
| Total Assets | 435 | 455 | 461 | 486 | 557 | 638 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 74 | 12 | 28 | 72 | 63 | 86 |
| Cash from Investing Activity | -34 | -40 | 1 | -20 | -51 | -43 |
| Cash from Financing Activity | -17 | 3 | -23 | -41 | -9 | -12 |
| Net Cash Flow | 22 | -25 | 6 | 11 | 3 | 31 |
| Free Cash Flow | 38 | -45 | 9 | 40 | 21 | 40 |
| CFO/OP | 86 | 45 | 65 | 99 | 77 | 95 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 20 | 22 | 23 | 20 | 27 | 24 |
| Inventory Days | 48 | 62 | 49 | 62 | 80 | 107 |
| Days Payable | 103 | 73 | 48 | 47 | 46 | 69 |
| Cash Conversion Cycle | -35 | 11 | 23 | 34 | 62 | 62 |
| Working Capital Days | -24 | -5 | -1 | 9 | 26 | 30 |
| ROCE % | — | 13 | 14 | 21 | 23 | 23 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 78.78% | 61.75% | 61.75% | 61.75% |
| FIIs | 0% | 1.36% | 1.07% | 1.48% |
| DIIs | 0% | 8.98% | 9.6% | 9.19% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 24.58% | 24.45% | 24.35% |
| Others | 21.22% | 3.33% | 3.13% | 3.22% |
| No. of Shareholders | 5442 | 83832 | 75013 | 73166 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 426.43 | Sell |
| EMA (10) | 425.54 | Sell |
| SMA (20) | 437.99 | Sell |
| EMA (20) | 432.13 | Sell |
| SMA (50) | 442.47 | Sell |
| EMA (50) | 442.87 | Sell |
| SMA (100) | 457.19 | Sell |
| EMA (100) | 457.24 | Sell |
| SMA (200) | 484.65 | Sell |
| EMA (200) | 484.99 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.52 | Neutral |
| MACD (12,26,9) | -7.48 | Sell |
| Stochastic (14,3,3) | 16.04 | Buy |
| ADX (14) | 17.12 | Neutral |
| Williams %R (14) | -80.78 | Buy |
| ATR (14) | 11.82 | Neutral |
| ROC (12) | -7.24 | Sell |
| Stoch RSI (14) | 18.89 | Buy |
| UO (7,14,28) | 34.77 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 1 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 1 analyst ratings, observed at 2026-09-11T04:47:55.981234+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7fde7a6a-f55c-4bf6-adc2-1229646a5f21.pdf) |
| 2026-09-06 | [General Update-Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2504d5a4-4504-47a0-afea-f955acc40f06.pdf) |
| 2026-09-05 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=229de1e3-396f-4540-9430-3e38ea3c8f1f.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f5a9d43a-001d-4515-94c3-0b589a640e4f.pdf) |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6d273979-36fc-4683-b2d8-52b0e36d681a.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f1a8353-2c35-4a59-831b-cc7b497ce4a4.pdf) |
| 2026-08-12 | [Notice For Convening The 44Th Annual General Meeting Of Studds Accessories Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4b599cb-c015-4db2-a984-b87ab88e3405.pdf) |
| 2026-08-12 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b4fb3e1-5b45-44f1-b880-247f709ea0b3.pdf) |
| 2026-08-12 | [Intimation Of The Date Of Record Date For Payment Of The Final Dividend For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04971805-06e7-4bd3-81fe-c1ec9ca1a588.pdf) |
| 2026-08-12 | [Dispatch Of Letters Providing The Weblink Of Exact Pathway Of The Annual Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c34e48f9-1d13-427e-9ae5-74aaf9894b39.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93745c97-ac8d-4315-9f16-613745881832.pdf) |
| 2026-05-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e26296b7-b2c8-4bc0-9d9f-80a78fd2189b.pdf) |
| 2026-02-05 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95a60558-3ea4-4f00-918f-2da9a3c37ddd.pdf) |
| 2025-12-03 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d97f1155-0535-43f3-8690-12aaae7e56a4.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04bfc37f-f15a-47e4-a877-98db643f6f01.pdf) |
| 2026-05-25 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2072e1e4-9ef3-4e89-a590-a4ce5dfdbc7f.pdf) |
| 2026-02-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9379cab2-45bf-480d-9c37-8c0cd366f8cd.pdf) |
| 2025-11-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa254399-4495-4c2a-9def-45cd3bca3731.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-08 | [Results For The Quarter Ended 30 June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44525d00-16ae-47ca-97fc-ac2051c51a53.pdf) |
| 2026-05-23 | [Results For The Financial Year And Quarter Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b2a61cc-62c5-44f8-9a64-7be4d444dd65.pdf) |
| 2026-01-31 | [Financial Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=087fe751-25b8-4caf-8fb3-edcdcf8266ac.pdf) |
| 2025-11-26 | [Board Meeting Outcome For Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=74519099-87a4-460a-b4fd-8cc468f360da.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-08 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=510cba47-92c0-4c70-9801-36f65d3f5da6.pdf) |
| 2026-05-23 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7798dbbc-3c0c-425d-ab58-d33f455b7a92.pdf) |
| 2026-02-01 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b89ecd0-2646-4146-8925-bdd1cd0a987b.pdf) |
| 2025-11-27 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f9671cc-e5de-4d1c-9590-929d40d292ed.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e26296b7-b2c8-4bc0-9d9f-80a78fd2189b.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e26296b7-b2c8-4bc0-9d9f-80a78fd2189b.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7798dbbc-3c0c-425d-ab58-d33f455b7a92.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7798dbbc-3c0c-425d-ab58-d33f455b7a92.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d97f1155-0535-43f3-8690-12aaae7e56a4.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Announces special window for physical securities transfer/demat and Saksham Niveshak campaign from April 1-July 9, 2026. | [Newspaper Advertisements Under Regulation 30 Of The SEBI (LODR) Regulations 2015 (SEBI Listing Regulations) 9h - Announces special window for physical securities transfer/demat and Saksham Niveshak campaign from April 1-July 9, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dd96d713-30e3-4de2-9f7d-20feab01987f.pdf) |
| 8h - Board approved incorporating a wholly owned subsidiary in Italy with up to EUR 1,000,000 capital. | [Board Meeting Outcome for Update On Incorporation Of Wholly Owned Subsidiary 8h - Board approved incorporating a wholly owned subsidiary in Italy with up to EUR 1,000,000 capital.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/44fad8b8-db0f-44ae-8555-f449012e008b.pdf) |
| 8h - Board approved incorporating a wholly owned subsidiary in Italy with up to EUR 1 million capital. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 8h - Board approved incorporating a wholly owned subsidiary in Italy with up to EUR 1 million capital.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7cb96ce7-6057-403c-8dbc-9b381cafb2f6.pdf) |
| 5 Feb - Q3 revenue INR163 Cr, volume 2.24m, EBITDA INR30.7 Cr; INR155 Cr capex; Spain subsidiary Q1 FY27. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 5 Feb - Q3 revenue INR163 Cr, volume 2.24m, EBITDA INR30.7 Cr; INR155 Cr capex; Spain subsidiary Q1 FY27.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/95a60558-3ea4-4f00-918f-2da9a3c37ddd.pdf) |
| 3 Apr - CARE Ratings reaffirmed Studds facilities at CARE A+/A1+ and withdrew ratings on April 2, 2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 3 Apr - CARE Ratings reaffirmed Studds facilities at CARE A+/A1+ and withdrew ratings on April 2, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/99758751-ccad-4297-9a15-014dd2beb7d0.pdf) |
| 29 Apr - Studds confirms non-applicability of Large Corporate framework for FY ended March 31, 2026; outstanding borrowing nil. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Studds confirms non-applicability of Large Corporate framework for FY ended March 31, 2026; outstanding borrowing nil.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/402408cf-c97e-4e09-9d54-d8ecf201c316.pdf) |
| 29 Apr - Studds confirms non-applicability of Large Corporate framework for FY ended March 31, 2026; outstanding borrowing nil. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Studds confirms non-applicability of Large Corporate framework for FY ended March 31, 2026; outstanding borrowing nil.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/402408cf-c97e-4e09-9d54-d8ecf201c316.pdf) |
| 27 Apr - Announces special window for physical securities transfer/demat and Saksham Niveshak campaign from April 1-July 9, 2026. | [Newspaper Advertisements Under Regulation 30 Of The SEBI (LODR) Regulations 2015 (SEBI Listing Regulations) 27 Apr - Announces special window for physical securities transfer/demat and Saksham Niveshak campaign from April 1-July 9, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd96d713-30e3-4de2-9f7d-20feab01987f.pdf) |
| 26 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2026 results announcement. | [Closure of Trading Window 26 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2026 results announcement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a05713ec-7446-49d2-9572-7a22ad827710.pdf) |
| 26 Mar - Requested CARE Ratings withdraw its credit rating; press release forthcoming; disclosed March 26, 2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 26 Mar - Requested CARE Ratings withdraw its credit rating; press release forthcoming; disclosed March 26, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ea8042fe-5f1a-4464-8498-39aed509a59d.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b4fb3e1-5b45-44f1-b880-247f709ea0b3.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:36:10.998Z.