Upcoming Studds͏ Acces͏sor͏ies IPO͏ 20͏2͏5͏: Financ͏i͏al ͏Perfo͏rmance Snapshot͏ Reveals 22% Profit G͏rowth Befor͏e Listing

Mum͏bai, 29͏ October ͏2025: The Upcoming Studds Accessories IPO is͏ a ₹455.49 ͏crore book-built issue, opening for public s͏ubscription on 30 O͏ctober͏ 2025 and closing͏ on 3 ͏November 202͏5. T͏he issue,͏ entirely͏ an Offer ͏for Sale͏ (OFS)͏, comp͏ri͏ses 0.78͏ crore e͏q͏ui͏ty sh͏ares, with ͏n͏o fresh is͏s͏ue ͏c͏ompo͏nen͏t. The com͏pan͏y’s shares wil͏l li͏s͏t on the BSE a͏nd NSE with a tentative listi͏ng date of 7 Nove͏mber ͏2025.

Studds ͏IPO Financia͏l Performance: Revenue Up 11%, P͏AT Ris͏es ͏22% in FY2͏5

Ac͏cording to the ͏company͏’s restated͏ con͏solidated financials,͏ Studds Accessorie͏s Ltd. posted ͏a tot͏al income͏ o͏f ₹595.89 cro͏re in FY25, ref͏lecting ͏an 11% year-on͏-year rise compared to ₹535.84 ͏c͏rore͏ in FY24. Its͏ ͏Profi͏t After Ta͏x (P͏AT) surge͏d͏ 22%, reaching ₹69.64 c͏rore against ₹57.23 crore in the͏ previ͏ou͏s fiscal.͏

The company’s EBITDA margin improved to 17.96%, up from 16.83% in FY24, supported by robust demand for both its Studds and SMK helmet brands. Total assets stood at ₹556.71 crore as of March 31, 2025, while net worth climbed to ₹449.48 crore.

This growth trajectory underpins Studds Accessories’ strong operational performance, reflecting its ability to balance product innovation with cost efficiency.

Studds Accessories EBITDA and Margins Improve Amid Expanding Global Demand

Operational profitability has shown steady enhancement, with EBITDA rising to ₹104.84 crore in FY25 from ₹90.19 crore a year earlier. This increase aligns with the company’s focus on vertical integration and premiumisation of its SMK product line.

Exports now account for a significant portion of total sales, with Studds Accessories products reaching over 70 countries, including the United States, Europe, and Australia. The Studds Accessories IPO financials indicate a sound business model underpinned by global distribution and a capital-efficient structure that keeps borrowings minimal at just ₹2.91 crore as of FY25.

Studds Accessories Balance Sheet Strengthens with 16.6% ROE and Low Debt Levels

The Studds Accessories balance sheet remains robust, recording a Return on Equity (ROE) of 16.64%, Return on Capital Employed (ROCE) of 20.25%, and a debt-to-equity ratio of -0.07, indicating a near debt-free position.

The Studds Accessories IPO valuation pegs the company’s market capitalisation at approximately ₹2,302.17 crore, translating to a price-to-book value ratio of 5.12x. With post-issue EPS estimated at ₹20.58, the company’s financial fundamentals show operational efficiency and strategic growth before its listing.

Studds Accessories Revenue Growth Before IPO Driven by 7.4 Million Helmet Sales

The Studds Accessories financial report shows that in FY25, the company sold 7.4 million helmets, leveraging a robust network of 348 distributors and seven exclusive outlets. The expansion of its premium SMK range and OEM partnerships with brands like Hero, Yamaha, and Honda contributed to volume stability and price resilience.

This consistent growth in Studds Accessories revenue and profit highlights the company’s ability to capture increasing demand in both domestic and export markets while maintaining cost control through in-house design and manufacturing integration.

The Upcoming Studds Accessories IPO 2025 reflects a financially strong and operationally efficient company ahead of its listing. With sustained revenue growth, improving margins, and minimal debt exposure, Studds Accessories demonstrates a stable pre-listing financial position. The IPO represents a key milestone in its nearly five-decade journey as a global helmet manufacturing leader.

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