Market Position: Studds Accessories Ltd holds a 25% market share in two-wheeler helmets and is revisiting its IPO plans. The 2018 IPO aimed to raise ₹98 crore through a fresh issue and offer for sale of 3.9 million shares; the renewed IPO might feature a larger offer for sale due to strong cash generation.
Share Price Trends: Shares are trading around ₹950, up from ₹825 in May but down from ₹2000 in 2021.
Financial Performance and Sales Health:
Revenue grew over three times to ₹506.5 crore by FY23 Despite consistent profitability over the past decade, net profit have been Halved from its Peak.
The company sold over 6.4 million helmets and luggage boxes and while it exports to over 65 countries in FY23, with 87% of sales in India.
