Studds Accessories Limited (STUDDS) Financial Results — Revenue ₹6,301.85 Cr

Investor Takeaways

Revenue grew 8.1% YoY to ₹6,301.85 Cr

Profit before tax surged 62.5% YoY to ₹1,131.21 Cr

Dividend proposed at ₹3 per share (60% payout)

CFO transition: Manish Mehta stepped down, Bharat Goyal appointed effective July 1, 2026

ESOP scheme adopted with 2,97,381 options (0.75% of equity)

⚠️ Shareholder approval required for both dividend and ESOP scheme at upcoming AGM

Overall Tone: Neutral

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹6,301.85 Cr	8.1%
Net Profit	₹837.53 Cr	62.5%
EBITDA	Not available	N/A
EPS	Not available	N/A
OPM	Not available	N/A

What Changed

The company reported robust financial performance for FY2026, with revenue increasing 8.1% to ₹6,301.85 Cr and profit before tax rising 62.5% to ₹1,131.21 Cr compared to FY2025 figures of ₹5,839.51 Cr and ₹696.43 Cr respectively. A dividend of ₹3 per share (60% payout) was proposed, reflecting improved profitability. The board approved the appointment of Bharat Goyal as the new CFO, effective July 1, 2026, succeeding Manish Mehta who stepped down. Additionally, the ESOP scheme was adopted, allowing up to 2,97,381 options (0.75% of equity) at 85% of pre-grant price, pending shareholder approval at the upcoming AGM. The company also confirmed Deloitte Haskins & Sells LLP as internal auditors for FY2026-27. Total equity stood at ₹5,246.21 Cr with cash and cash equivalents at ₹702.74 Cr, providing a stable liquidity position.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Studds Accessories Limited	Not available	Not available	Not available	1,723.88
TVS Motor Company Limited	393.51	N/A	N/A	8,23,516
Maruti Suzuki India Limited	27.84	15.51%	19.82%	4,15,671.64
Mahindra & Mahindra Limited	22.17	20.41%	14.57%	3,88,366.49

Studds Accessories is trading at a significantly higher valuation multiple compared to Maruti Suzuki and Mahindra & Mahindra, though its profitability metrics are not directly comparable due to missing ROE and ROCE data. The company's market capitalization is substantially lower than the larger peers, indicating a smaller market presence despite strong recent profit growth.

Risks & Concerns

Shareholder approval required for dividend and ESOP scheme at upcoming AGM

Leadership transition with new CFO appointment effective July 1, 2026

No specific operational or financial risks detailed in the filing

Quarterly Trend

[Not applicable - Annual data only provided]

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About Studds Accessories Limited (STUDDS)

Automobile and Auto Components · Auto Components · Listed on NSE

Market Cap: ₹1,723.88 Cr

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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