Indepth Growth Analysis of Studds FY23 Annual Report
INTRODUCTION Studds is one of the leading helmet manufacturers in the world. With over four decades of experience, studds have become a name synonymous with excellence and have earned the trust and respect of millions. The company take pride in offering a diverse range of high-quality helmets, tailored to meet the unique needs and preferences of every rider. Studds Unlisted shares sold more than 64 Lakhs helmets in FY22-23. It exports its goods to more than 65 countries. Studds currently holds more than 25% stake in the helmet industry making a significant dent in the rider industry. The motorcycle helmet market is expected to grow at a CAGR of nearly 6.4% during 2022-30. The marginal growth is a result of subdued growth in motorcycle industry in India during the fiscal, largely due to rising inflation and resultant lower offtake of motorcycles due to higher prices. However, the government’s focus on Electric Vehicles(EVs), infrastructure development along with initiatives like FAME India, Bharatmala Pariyojana, among others are expected to contribute to the growth of two wheelers industry as a whole in the near short-term. This will augur the growth of the helmet, given the regulators’ increasing focus on road safety In FY22-23, Studds has been at the forefront of catering to demand for helmets, with our unwavering commitment to quality and innovation. STUDDS commitment to innovation, quality, comfort and customer satisfaction has helped us establish Studds as one of the leading manufacturers of helmets industry in the world. Studds with it’s high capacity and modern manufacturing facilities, we have manufactured more than 64 Lakhs of helmets and boxes during the fiscal year 2022-23. We are proud to report that this year has seen us successfully launch a range of innovative products that speak to our unwavering commitment to customer satisfaction. studds latest offerings include helmets featuring advanced safety features, stylish designs that cater to a variety of tastes, and eco-friendly materials that align with our mission to promote sustainable practices FINANCIAL PROPOSITION Against the challenging macroeconomics during the fiscal year, stuuds achieved a revenue growth of 7.93% over the previous financial year. As of FY 23, Studds reported a: 1) Total Income: Rs. 5064.80 Millions 2)Total EBITDA: 3)Rs. 674.74 Millions 4) Total PAT: Rs. 332.58 Million 5) EPS : Rs. 16.90 Detailed financial overiew of studds can be seen here: Studds IPO papers were filed in 2018 but it didn’t go public back then. The financial performace has also affected studds share price in unlisted market. You can check latest price of studds on best unlisted platform Bharatinvest. FAQ’S How do I buy Studds unlisted shares? You can buy ixigo unlisted shares using bharatinvest who is the best dealer for unlisted shares. Is studds profitable? Yes, studds is profitable. Become an Angel Investor CHECK UPCOMING IPO AND INVEST BEFORE IPO Create A Free Account Now
Ixigo Analysis of FY 23-22 Results
Ixigo is India’s leading Full-fledged online travel agent (OTA) and largest third-party train travel booking platform. Ixigo has truly show robust performance in FY23 as compared to FY22. Investors in the unlisted market have a great expectations for ixigo and it’s financial performance. Ixigo has been leading it’s industry and has a lot in bucket for future growth and expansion into various products and markets alongside with profitability. Let’s discuss about Ixigo and it’s financial performance in this blog. India is expected to move from being the 5th largest economy in 2023 to become the 3rd largestby the year 2027. With GDP growth rate of over 6%, India is expected to be the amongst thefastest growing large economy of the course of next few years. The domestic market in India issizeable, attracting foreign investors and businesses to cater to this growing demand and utilize itsworkforce potential with strong economic fundamentals. IXIGO ANNUAL REPORT 2023-2022 IXIGO OVERVIEW FY23 RESULTS OVERVIEW Ixigo has achieved a remarkable growth in it’s financials: 1) REVENUE Revenue of ixigo 32% in revenue i.e the revenue has gown up from INR 380 cr in FY22 to INR 501 Cr in FY23. This has also affected ixigo share price in the unlisted markets. Total income increased by 34.46% from ₹ 3,849.41 million in Fiscal 2022 to ₹ 5,175.73 million in Fiscal 2023 due to an increasein business activity across all the segments and growth in other income. Increased travel demanddue to travel rebound across the categories we operate in led to growth in volume of transactionson our platforms as well as improved advertising revenue. Net total revenue from contracts with customers, increased by 32.05% from ₹ 3,795.80 million inFiscal 2022 to ₹ 5,012.50 million in Fiscal 2023 and was primarily driven by (i) significant increasein ticketing revenue by 29.04% from ₹ 3,619.20 million in Fiscal 2022 to ₹ 4,670.33 million in Fiscal2023 as a result of an increase in the number of transactions on our OTA platforms, increasing ATVManagement Discussion & Analysisixigo Annual report | 17and better take rates. (ii) significant increase in advertisement revenue by 67.03% from ₹ 144.20million in Fiscal 2022 to ₹ 240.86 million in Fiscal 2023. (iii) Increase in other operating revenue dueto growth in the SaaS business. 2) EXPENSES Our expenses comprise (i) employee benefits expense, (ii) finance costs, (iii) depreciation andamortization expenses and (iv) other expenses.Total expenses increased by 20.31% from ₹ 4,025.41 million in Fiscal 2022 to ₹ 4,842.92 million inFiscal 2023, primarily due to increase in Other expenses and Employee benefits expense as well ason account of impact of full year consolidation of Abhibus, as in Fiscal 2022 Abhibus results wereconsolidated only for 8 months post completion of acquisition on August 1, 2021. 3) ASSETS Total assets increased by 8.81% from ₹ 5,384.71 million in Fiscal 2022 to ₹ 5,859.25 million in Fiscal 2023 4) Goodwill Goodwill increased by 1.71% from ₹ 2,541.37 million in Fiscal 2022 to ₹ 2,584.76 million in Fiscal 2023primarily on account of consolidation of Freshbus. As of 16.12.23 IXIGO share price is Rs 135 per share with a face value of Rs 1. To get latest updates on IXIGO share price, Join our Whatsapp Community and Telegram Community FAQ’S What is the market cap of Ixigo? Mcap of IXIGO is calculated by mutlipying per share price and number of shares. As of 16.12.23, Ixigo share price is INR 135 per share which makes it’s MCAP to be INR 5316 Cr. What is the shareholding pattern of Ixigo? Promoter holds around 17% stake in IXIGO, while other funds hold major stake in the company. How do I buy IXIGO unlisted shares? You can buy ixigo unlisted shares using bharatinvest who is the best dealer for unlisted shares. Is ixigo profitable? Yes, as per latest financials, IXIGO reported a profit of INR 51 Crore. Who is the owner of ixigo? Aloke Bajpai & Rajnish Kumar are the promoters of IXIGO Become an Angel Investor CHECK UPCOMING IPO AND INVEST BEFORE IPO Create A Free Account Now
Boat Joins ONDC to Expand Its Presence in the Indian Market
Boat, the popular wearables brand, has recently joined the Open Network for Digital Commerce (ONDC) to strengthen its presence in the Indian market. ONDC is a Government of India initiative that aims to promote the adoption of digital commerce across the country. By joining ONDC, Boat will be able to leverage its digital infrastructure and offer a seamless shopping experience to its customers. ONDC’s platform allows businesses to connect with each other and with customers in a secure and efficient manner, enabling them to tap into a wider market and increase their revenue. The move comes at a time when Boat is experiencing strong growth in the Indian wearables market. The company has been expanding its product portfolio and has recently launched a range of smartwatches and fitness trackers. With the help of ONDC, Boat is looking to further strengthen its position in the market and reach out to more customers. Boat has also been in the news recently for its unlisted shares, which have been seeing strong demand in the market. The company’s success in the wearables market has led to a surge in investor interest, with many looking to buy Boat‘s unlisted shares. As a result, the price of Boat’s unlisted shares has been steadily rising, making it an attractive investment opportunity for investors. Boat’s decision to join ONDC is a strategic move that will help the company tap into the growing Indian market and expand its reach. With its strong product portfolio and increasing demand for its unlisted shares, Boat is well-positioned to capitalize on the opportunities presented by the Indian wearables market. BoAt Share Price as of 07-05-2023 is trading at RS. 765 in the unlisted market. Get regular updates on Boat share, share price, news, corporate actions.
Government Takes Steps to Address Angel Tax Concerns
The Department for Promotion of Industry and Internal Trade (DPIIT) is working closely with the Finance Ministry to address the concerns of startups regarding the contentious angel tax and fair market valuation, according to a top government official. The Union budget proposal to subject foreign investors to angel tax has raised apprehensions among startups about securing funding. Angel tax is levied on the capital raised by an unlisted company by selling shares to investors above the fair market value. Indian startups, already facing a funding freeze, are worried that the angel tax may further deter foreign investors, as they often sell shares at a high premium based on future growth prospects. The provision, scheduled to take effect on April 1, 2024, remains unchanged in the Finance Bill for the current fiscal year. The startup sector is already grappling with decreased funding, as foreign private equity and venture capital investments in Indian startups dropped to $54 billion in 2022 from $77 billion the prior year. Furthermore, startup deal volume in India reached a nearly nine-year low in February, reflecting weak sentiment within the ecosystem. A government official, requesting anonymity, stated, “There are concerns regarding angel tax coming from startups, and DPIIT is taking it up with the Department of Economic Affairs and Department of Revenue. Calculation of their fair market value (FMV) is different, which is taken internationally and by the income tax department. DPIIT is just trying to get them on the conversation table, tell them that there is a discrepancy and find some solution.” The government is contemplating exempting foreign funds from angel tax compliance, and rules on angel tax are expected to be issued this month, outlining exemptions for select foreign entities that are bona fide investors. The first set of foreign funds likely to be exempted includes sovereign wealth funds such as Abu Dhabi Investment Authority, GIC, and Qatar Investment Authority. This is due to concerns that the potential impact of Section 56(2)(vii)(b) tax could negatively affect foreign investments, which may undermine the government’s infrastructure investment push. The government has previously argued that the angel tax, or Section 56(2)(vii)(b), targets ‘hawala’ transactions rather than startups, and that ending ‘preferential treatment’ for foreign investors would level the playing field since Indian residents are already subject to this tax. However, the industry argues that, in practice, the law affects a significant number of startups and investors. Queries sent to the spokespeople for the Ministries of Commerce and Finance remained unanswered till press time. Anurag Jain, Secretary of DPIIT, said that angel tax would not apply to startups registered with the DPIIT, which currently number around 95,000. Tax experts said that angel tax is applied when the share price assigned to investors exceeds the FMV of the share. The difference is then subject to Section 56(2)(vii)(b), which experts say could lead more startups to consider relocating overseas, as foreign investors may avoid additional tax liabilities stemming from their investment in the startup. In conclusion, the DPIIT and Finance Ministry are actively working towards resolving the concerns of startups regarding angel tax and fair market valuation. The government is considering exemptions for select foreign entities to avoid potential negative impacts on foreign investments. However, startups in India continue to face funding challenges, and the industry is hopeful for a favorable resolution to support the growth and development of the startup ecosystem in the country. You can connect with bharatinvest to invest Get regular updates on share price, news, corporate actions.