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Atlas Cycles (Haryana) Ltd (ATLASCYCLE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505029 NSE: ATLASCYCLE Cycles | Small Cap | Atlas Cycle(Haryana) Share Price

₹96.66 0.00 (0.00%)

As on 06-Jul'26 16:59

Atlas Cycles (Haryana) Ltd (ATLASCYCLE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505029 NSE: ATLASCYCLE Cycles | Small Cap | Atlas Cycle(Haryana) Share Price

₹96.66 0.00 (0.00%)

As on 06-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹63 Cr.
Current Price
₹96.7
52-Week Low / High
₹74 / 137
TTM EPS
₹-12.4
TTM Sales
₹6.9 Cr.
Book Value per Share
₹-46.6
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
8
Price to Book (P/B)
-2.08
Lower than its 5-year historical median
Price to Sales (P/S)
9.11
Higher than its 5-year historical median
EV/EBITDA
-10.64
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
In line with industry median
Return on Capital Employed (ROCE)
0.00%
In line with industry median
Return on Assets (ROA)
2.10%
Operating Profit Margin
-1.6%
Net Profit Margin
55.5%
Gross Profit Margin
65.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
169.5%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
1661.11%
Asset Quality
Promoter Holding
41.92%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-34 Cr.
Equity
₹3.3 Cr.
Face Value
₹5
All Time Low / High
₹18.05 / 347.00

Atlas Cycles (Haryana) stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Atlas Cycles (Haryana) Ltd a good quality company?
Atlas Cycles (Haryana) Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Atlas Cycles (Haryana) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Atlas Cycles (Haryana) Ltd vs industry peers?
Atlas Cycles (Haryana) Ltd revenue CAGR is -35.70%, compared to the industry median CAGR of -35.70%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Atlas Cycles (Haryana) Ltd?
Promoters hold 41.92% of the Atlas Cycles (Haryana) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Atlas Cycles (Haryana) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -0.3% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Atlas Cycles (Haryana) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.1%7.9%4.7%-38.8%3%-75.7%-200%0%0%0%-
Value Creation
Index
-0.9-0.4-0.7-3.8-0.8-6.4NANANANA-

Growth Parameters

Sales 57168465053815617.33.41.76.417.17
Sales YoY Gr.-19.8%-5%-17.2%-71%-88.9%-80.2%-49.4%267.6%169.5%-
Adj EPS -50.8-4.3-64-35.2-54.1-44-29.9-52.113.9-12.4
YoY Gr.-NA-619.3%NANANANANANANA-
BVPS (₹) 138.6146.514473.684.430.3-13.9-49.7-48.8-34.2-46.6
Adj Net
Profit
-3.30.5-2.8-41.6-22.9-35.2-28.6-19.4-33.99-8
Cash Flow from Ops. 40.8-11.734.4-10.4-11.2-3-4.1-5.4-51.2-0.7-
Debt/CF from Ops. 1.7-7.91.5-5.8-0.8-3-2.2-1.7-0.2-13.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -32.3%-35.7%71.1%169.5%
Adj EPS NANANANA
BVPS-185.6%-183.5%NANA
Share Price -0.7% 22.2% 49.4% -28%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-3.40.6-2.9-55.7-42.9-94.4-537.994-19.62.430.6
Op. Profit
Mgn %
1.22.11.5-7.4-22.9-182.4-751-893.8-733.8-1.6-97.6
Net Profit
Mgn %
-0.60.1-0.4-7.7-14.7-203.4-835.6-1122.2-533.352.6-116.4
Debt to
Equity
0.810.61.30.20.5-1-0.3-0.3-0.40
Working Cap
Days
1381201421553562,1438,43314,8272,705575755
Cash Conv.
Cycle
2120211742742,7934,705-545-1,136-735

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales570.99684.28649.87538.36155.9017.303.421.736.3617.14
Operating Expenses + 564.39669.77640.35584.09193.1648.8729.6322.7253.0217.41
Manufacturing Costs68.6476.8457.9160.1620.132.941.152.100.961.09
Material Costs409.74477.34465.23419.02114.2513.674.593.9912.8710.89
Employee Cost 35.1437.0738.9836.4534.7919.1013.307.022.682.27
Other Costs 50.8778.5278.2368.4723.9913.1610.599.6236.513.16
Operating Profit 6.6014.509.52-45.73-37.26-31.57-26.21-20.99-46.66-0.27
Operating Profit Margin (%) 1.2%2.1%1.5%-8.5%-23.9%-182.0%-766.0%-1,212.4%-733.0%-1.6%
Other Income + 0.793.962.620.5644.200.070.770.0849.5011.66
Exceptional Items 0000000000
Interest 7.858.579.837.039.420.080.100.050.040.12
Depreciation 5.474.744.284.214.403.623.192.292.161.76
Profit Before Tax -5.945.15-1.97-56.41-6.87-35.20-28.72-23.250.649.51
Tax -2.681.98-0.36-10.60-9.990000.100
Profit After Tax -3.263.18-1.61-45.813.12-35.20-28.72-23.250.549.51
PAT Margin (%) -0.6%0.5%-0.3%-8.5%2.0%-203.0%-839.0%-1,342.7%8.5%55.5%
Adjusted EPS (₹)-5.04.9-2.5-70.44.8-54.1-44.2-35.80.814.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Atlas Cycle(Haryana) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 94.0199.1797.5751.7554.8719.67-9.05-32.29378.04387.55
Share Capital 3.253.253.253.253.253.253.253.253.253.25
Reserves 90.7695.9294.3148.5051.6216.42-12.30-35.55374.78384.30
Debt +60.5685.1450.8160.11999999
Long Term Debt1.611.610.470.32000999
Short Term Debt58.9583.5450.3459.78999000
Minority Interest0000000000
Trade Payables112.48125.85194.51135.59108.41103.40103.84103.6661.8251.04
Others Liabilities 61.7443.0436.1725.10-4.34-5.985.328.056.304.15
Total Liabilities 328.78353.20379.06272.55167.95126.10109.1188.41455.16451.73

Fixed Assets

Net Fixed Assets +93.3286.9888.2581.3344.2838.4833.2021.02427.03424.61
Gross Block191.14187.72190.52175.97133.78130.88125.30103.68502.71478.03
Accumulated Depreciation97.82100.75102.2694.6489.5092.4092.1082.6775.6853.42
CWIP 00.451.321.9502.070000
Investments 13.1715.1811.700.370.370.370.370.320.010.01
Inventories38.654960.5841.5831.3921.1116.6511.353.832.01
Trade Receivables105.45138.53169.0297.5442.5726.0921.1418.692.673.18
Cash Equivalents 2.1814.594.733.764.111.241.420.520.440.82
Others Assets 76.0248.4843.4646.0345.2136.7336.3336.5121.1921.11
Total Assets 328.78353.20379.06272.55167.95126.10109.1188.41455.16451.73

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 40.75-11.6534.41-10.41-11.18-2.99-4.12-5.39-51.20-0.65
PBT -5.945.15-1.97-56.41-6.87-35.19-28.72-23.250.549.51
Adjustment 13.6712.9810.9316.99-23.7710.207.7910.09-29.391.22
Changes in Working Capital 33.18-29.7825.4429.0119.4622.0116.817.77-22.44-11.28
Tax Paid 0.5400000000.10-0.10
Cash Flow From Investing Activity + -2.297.43-0.117.5972.060.194.424.541.981.32
Capex -2.542.07-5.78-471.730.103.974.401.621.30
Net Investments 0.042.454.5311.400000.090.310
Others 0.202.911.140.180.330.090.450.050.050.02
Cash Flow From Financing Activity + -41.1116.02-44.162.27-60.52-0.08-0.10-0.0549.14-0.12
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-0-1.14-0.14-0.3200000
Interest Paid -7.85-8.57-9.83-7.03-9.42-0.08-0.10-0.05-0.04-0.12
Dividend Paid -0.04000000000
Others -33.2224.59-33.209.44-50.7800049.170
Net Cash Flow -2.6511.80-9.86-0.550.36-2.870.20-0.90-0.090.55

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-3.553.43-1.7-64.746.07-94.43N/AN/A00
ROCE (%)1.077.914.71-38.762.95-75.69N/AN/A00
Asset Turnover Ratio1.782.041.781.650.710.120.030.020.020.04
PAT to CFO Conversion(x)N/A-3.66N/AN/A-3.58N/AN/AN/A-94.81-0.07
Working Capital Days
Receivable Days67.206485.9090.40164724.402,520.204,198.20613.1062.20
Inventory Days252330.6034.6085.40553.802,014.702,951.20435.6062.20
Payable Days94.3091.10125.70143.80389.802,827.408,248.809,481.702,346.101,891.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Atlas Cycles (Haryana) Ltd FAQs

The current trading price of Atlas Cycle(Haryana) on 06-Jul-2026 16:59 is ₹96.66.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Jul-2026 the market cap of Atlas Cycle(Haryana) stood at ₹62.87 Cr

The latest P/E ratio of Atlas Cycle(Haryana) as of 05-Jul-2026 is 0.00.

The latest P/B ratio of Atlas Cycle(Haryana) as of 05-Jul-2026 is -2.08.

The 52-week high of Atlas Cycle(Haryana) is ₹137.1 and the 52-week low is ₹74.30.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Atlas Cycle(Haryana) is ₹6.90 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Atlas Cycles (Haryana) Ltd is a below average quality company.

The key valuation ratios of Atlas Cycles (Haryana) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Atlas Cycles (Haryana) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Atlas Cycles (Haryana) Ltd

Atlas Cycles (Haryana), Sonepat is one of India's oldest and most trusted cycling companies. Atlas Cycles started its odyssey way back in 1951 and today it is one of the largest manufacturers of bicycles in the world. Atlas bicycles are ridden over 50 countries around the globe. Now, Atlas Cycles (Sonepat) has also bagged ISO 9001: 2000 certificate by implementing the latest International Quality Management System. Atlas Cycles (Haryana), Sonepat, has the privilege of being the only Indian complete bicycle manufacturing unit whose in house research and development (R&D) unit has been recognized by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India. The R&D Centre is well equipped with computer aided designing facility, prototype making facility and testing facilities etc.

Atlas R&D concentrates on development of new models of bikes ranging from Kids to Mountain Bikes, City Bikes, Suspension Bikes, Sports Bikes etc. Atlas bicycles are ridden over 50 countries around the globe. Atlas Cycles, Sonepat unit caters to the needs of North-East and Central Africa, USA, Latin America, South and Central America including Mauritius, West Indies and Madagascar Island. Atlas cycles are very popular and commonly used in countries of Egypt, Zambia and Kenya. The company is also planning to enter the markets in a big way in Uganda, Tanzania, Sudan, Libya, Malawi and Ethiopia in the African continent and also USA and Latin America. Sonepat Unit of Atlas Cycles was earlier certified with ISO 9002: 1994 since 1994, which was subsequently renewed twice in 1997 and 2000.

Now, the company has bagged ISO 9001: 2000 certificate by implementing the latest International Quality Management System. Under the new certification, Research and Development activities of the company which is in addition to its manufacturing, inspection, testing and sales activities. This has made this company as one of the first major bicycle manufacturing industries in the country with ISSO 9001:2000 certificate. The company is one of the biggest bicycle manufacturing units producing most of the components under one roof. It has got a vast Press Shop, Machine Shop, Brazing Shop, Welding Shop, Heat treatment Plant, Paint Shop, Electroplating Plant and Assembly Shop spread over a campus of 28 acres.

Products:

1. Tough Roadster Models

2. Elegant Ladies bikes

3. Rugged Mountain Bikes

4. Children's Bikes

Awards

2014 -Atlas, Sahibabad bagged 1st prize at All India Industrial Exhibition, Hyderabad
2013 -First prize in publicity category at All India Industrial Exhibition, Hyderabad (AP)
-Atlas, Sahibabad participated in Cycle Trade Fair, Patna & IITF, Delhi & bagged third prize at IITF.

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