Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
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 Overvalued 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -8.1% | 1.1% | 7.9% | 4.7% | -38.8% | 3% | -75.7% | -200% | 0% | 0% | - |
| Value Creation Index ⓘ | -1.6 | -0.9 | -0.4 | -0.7 | -3.8 | -0.8 | -6.4 | NA | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 595 | 571 | 684 | 650 | 538 | 156 | 17.3 | 3.4 | 1.7 | 6.4 | 12 |
| Sales YoY Gr. | - | -4% | 19.8% | -5% | -17.2% | -71% | -88.9% | -80.2% | -49.4% | 267.6% | - |
| Adj EPS ⓘ | -37.2 | -5 | 0.8 | -4.3 | -64 | -35.2 | -54.1 | -44 | -29.9 | -52.1 | 23.3 |
| YoY Gr. | - | NA | NA | -619.3% | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 143.6 | 138.6 | 146.5 | 144 | 73.6 | 84.4 | 30.3 | -13.9 | -49.7 | -48.8 | -35.7 |
| Adj Net Profit ⓘ | -24.2 | -3.3 | 0.5 | -2.8 | -41.6 | -22.9 | -35.2 | -28.6 | -19.4 | -33.9 | 15 |
| Cash Flow from Ops. ⓘ | 21 | 40.8 | -11.7 | 34.4 | -10.4 | -11.2 | -3 | -4.1 | -5.4 | -51.2 | - |
| Debt/CF from Ops. ⓘ | 4.9 | 1.7 | -7.9 | 1.5 | -5.8 | -0.8 | -3 | -2.2 | -1.7 | -0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -39.6% | -58.8% | -28.4% | 267.6% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -188.7% | -192.1% | -217.3% | NA | ||||
| Share Price | -2.6% | 18.6% | 41.6% | 183.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -22.7 | -3.4 | 0.6 | -2.9 | -55.7 | -42.9 | -94.4 | -537.9 | 94 | -19.6 | -55.1 |
| Op. Profit Mgn % ⓘ | -3.2 | 1.2 | 2.1 | 1.5 | -7.4 | -22.9 | -182.4 | -751 | -893.8 | -733.8 | -419.5 |
| Net Profit Mgn % ⓘ | -4.1 | -0.6 | 0.1 | -0.4 | -7.7 | -14.7 | -203.4 | -835.6 | -1122.2 | -533.3 | 130.8 |
| Debt to Equity ⓘ | 1.1 | 0.8 | 1 | 0.6 | 1.3 | 0.2 | 0.5 | -1 | -0.3 | -0.3 | - |
| Working Cap Days ⓘ | 163 | 138 | 120 | 142 | 155 | 356 | 2,143 | 8,433 | 14,827 | 2,705 | 311 |
| Cash Conv. Cycle ⓘ | 53 | 21 | 20 | 21 | 17 | 4 | 274 | 2,793 | 4,705 | -803 | -660 |
Sales growth is good in last 4 quarters at 49.06%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -28.36%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 23.3 | 1 |
| TTM Sales (₹ Cr.) | 11.6 | 6.4 |
| BVPS (₹.) ⓘ | -35.7 | -48.8 |
| Reserves (₹ Cr.) ⓘ | -26 | -35 |
| P/BV ⓘ | -2.35 | -1.72 |
| PE ⓘ | 3.60 | 83.08 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 62.99 / 172.45 |
| All Time Low / High (₹) | 18.05 / 347.00 |
| Market Cap (₹ Cr.) | 54.6 |
| Equity (₹ Cr.) | 3.3 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 3.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 594.59 | 570.99 | 684.28 | 649.87 | 538.36 | 155.90 | 17.30 | 3.42 | 1.73 | 6.36 |
| Operating Expenses ⓘ | 613.37 | 564.39 | 669.77 | 640.35 | 584.09 | 193.16 | 48.87 | 29.63 | 22.72 | 53.02 |
| Manufacturing Costs | 72 | 68.64 | 76.84 | 57.91 | 60.16 | 20.13 | 2.94 | 1.15 | 2.10 | 0.96 |
| Material Costs | 458.33 | 409.74 | 477.34 | 465.23 | 419.02 | 114.25 | 13.67 | 4.59 | 3.99 | 12.87 |
| Employee Cost | 36.92 | 35.14 | 37.07 | 38.98 | 36.45 | 34.79 | 19.10 | 13.30 | 7.02 | 2.68 |
| Other Costs ⓘ | 46.12 | 50.87 | 78.52 | 78.23 | 68.47 | 23.99 | 13.16 | 10.59 | 9.62 | 36.51 |
| Operating Profit ⓘ | -18.78 | 6.60 | 14.50 | 9.52 | -45.73 | -37.26 | -31.57 | -26.21 | -20.99 | -46.66 |
| Operating Profit Margin (%) | -3.2% | 1.2% | 2.1% | 1.5% | -8.5% | -23.9% | -182.0% | -766.0% | -1,212.4% | -733.0% |
| Other Income ⓘ | 8.51 | 0.79 | 3.96 | 2.62 | 0.56 | 44.20 | 0.07 | 0.77 | 0.08 | 49.50 |
| Interest ⓘ | 11.07 | 7.85 | 8.57 | 9.83 | 7.03 | 9.42 | 0.08 | 0.10 | 0.05 | 0.04 |
| Depreciation ⓘ | 6.63 | 5.47 | 4.74 | 4.28 | 4.21 | 4.40 | 3.62 | 3.19 | 2.29 | 2.16 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -27.98 | -5.94 | 5.15 | -1.97 | -56.41 | -6.87 | -35.20 | -28.72 | -23.25 | 0.64 |
| Tax ⓘ | -9.02 | -2.68 | 1.98 | -0.36 | -10.60 | -9.99 | 0 | 0 | 0 | 0.10 |
| Profit After Tax | -18.95 | -3.26 | 3.18 | -1.61 | -45.81 | 3.12 | -35.20 | -28.72 | -23.25 | 0.54 |
| PAT Margin (%) | -3.2% | -0.6% | 0.5% | -0.2% | -8.5% | 2.0% | -203.0% | -839.0% | -1,342.7% | 8.5% |
| Adjusted EPS (₹) | -29.1 | -5.0 | 4.9 | -2.5 | -70.4 | 4.8 | -54.1 | -44.2 | -35.8 | 0.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 97.27 | 94.01 | 99.17 | 97.57 | 51.75 | 54.87 | 19.67 | -9.05 | -32.29 | 378.04 |
| Share Capital ⓘ | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 |
| Reserves ⓘ | 94.02 | 90.76 | 95.92 | 94.31 | 48.50 | 51.62 | 16.42 | -12.30 | -35.55 | 374.78 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 95.25 | 60.56 | 85.14 | 50.81 | 60.11 | 9 | 9 | 9 | 9 | 9 |
| Long Term Debt | 0.79 | 1.61 | 1.61 | 0.47 | 0.32 | 0 | 0 | 0 | 9 | 9 |
| Short Term Debt | 94.45 | 58.95 | 83.54 | 50.34 | 59.78 | 9 | 9 | 9 | 0 | 0 |
| Trade Payables | 99.16 | 112.48 | 125.85 | 194.51 | 135.59 | 108.41 | 103.40 | 103.84 | 103.66 | 61.82 |
| Others Liabilities ⓘ | 62.17 | 61.74 | 43.04 | 36.17 | 25.10 | -4.34 | -5.98 | 5.32 | 8.05 | 6.30 |
| Total Liabilities ⓘ | 353.84 | 328.78 | 353.20 | 379.06 | 272.55 | 167.95 | 126.10 | 109.11 | 88.41 | 455.16 |
Fixed Assets | ||||||||||
| Gross Block | 193.48 | 191.14 | 187.72 | 190.52 | 175.97 | 133.78 | 130.88 | 125.30 | 103.68 | 502.71 |
| Accumulated Depreciation | 101.32 | 97.82 | 100.75 | 102.26 | 94.64 | 89.50 | 92.40 | 92.10 | 82.67 | 75.68 |
| Net Fixed Assetsⓘ | 92.16 | 93.32 | 86.98 | 88.25 | 81.33 | 44.28 | 38.48 | 33.20 | 21.02 | 427.03 |
| CWIP ⓘ | 4.28 | 0 | 0.45 | 1.32 | 1.95 | 0 | 2.07 | 0 | 0 | 0 |
| Investmentsⓘ | 13 | 13.17 | 15.18 | 11.70 | 0.37 | 0.37 | 0.37 | 0.37 | 0.32 | 0.01 |
| Inventories | 44.78 | 38.65 | 49 | 60.58 | 41.58 | 31.39 | 21.11 | 16.65 | 11.35 | 3.83 |
| Trade Receivables | 118.54 | 105.45 | 138.53 | 169.02 | 97.54 | 42.57 | 26.09 | 21.14 | 18.69 | 2.67 |
| Cash Equivalents | 5.54 | 2.18 | 14.59 | 4.73 | 3.76 | 4.11 | 1.24 | 1.42 | 0.52 | 0.44 |
| Others Assetsⓘ | 75.55 | 76.02 | 48.48 | 43.46 | 46.03 | 45.21 | 36.73 | 36.33 | 36.51 | 21.19 |
| Total Assets ⓘ | 353.84 | 328.78 | 353.20 | 379.06 | 272.55 | 167.95 | 126.10 | 109.11 | 88.41 | 455.16 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 20.99 | 40.75 | -11.65 | 34.41 | -10.41 | -11.18 | -2.99 | -4.12 | -5.39 | -51.23 |
| PBT ⓘ | -25.23 | -5.94 | 5.15 | -1.97 | -56.41 | -6.87 | -35.19 | -28.72 | -23.25 | 0.54 |
| Adjustment ⓘ | 6.63 | 13.67 | 12.98 | 10.93 | 16.99 | -23.77 | 10.20 | 7.79 | 10.09 | -29.61 |
| Changes in Working Capital ⓘ | 40.4 | 33.18 | -29.78 | 25.44 | 29.01 | 19.46 | 22.01 | 16.81 | 7.77 | -22.27 |
| Tax Paid ⓘ | -0.80 | 0.54 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.10 |
| Cash Flow From Investing Activity ⓘ | -1.20 | -2.29 | 7.43 | -0.11 | 7.59 | 72.06 | 0.19 | 4.42 | 4.54 | 51.18 |
| Capex | -2.07 | -2.54 | 2.07 | -5.78 | -4 | 71.73 | 0.10 | 3.97 | 4.40 | 50.83 |
| Net Investments | 0.30 | 0.04 | 2.45 | 4.53 | 11.40 | 0 | 0 | 0 | 0.09 | 0.31 |
| Others ⓘ | 0.57 | 0.20 | 2.91 | 1.14 | 0.18 | 0.33 | 0.09 | 0.45 | 0.05 | 0.05 |
| Cash Flow From Financing Activityⓘ | -17.52 | -41.11 | 16.02 | -44.16 | 2.27 | -60.52 | -0.08 | -0.10 | -0.05 | -0.04 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | -1.14 | -0.14 | -0.32 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -11.07 | -7.85 | -8.57 | -9.83 | -7.03 | -9.42 | -0.08 | -0.10 | -0.05 | -0.04 |
| Dividend Paid ⓘ | -0.08 | -0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -6.36 | -33.22 | 24.59 | -33.20 | 9.44 | -50.78 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 2.27 | -2.65 | 11.80 | -9.86 | -0.55 | 0.36 | -2.87 | 0.20 | -0.90 | -0.09 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -18.43 | -3.55 | 3.43 | -1.7 | -64.74 | 6.07 | -94.43 | N/A | N/A | 0 |
| ROCE (%) | -8.08 | 1.07 | 7.91 | 4.71 | -38.76 | 2.95 | -75.69 | N/A | N/A | 0 |
| Asset Turnover Ratio | 1.6 | 1.78 | 2.04 | 1.78 | 1.65 | 0.71 | 0.12 | 0.03 | 0.02 | 0.02 |
| PAT to CFO Conversion(x) | N/A | N/A | -3.66 | N/A | N/A | -3.58 | N/A | N/A | N/A | -94.87 | Working Capital Days |
| Receivable Days | 82 | 67 | 64 | 86 | 90 | 164 | 724 | 2,520 | 4,198 | 613 |
| Inventory Days | 40 | 25 | 23 | 31 | 35 | 85 | 554 | 2,015 | 2,951 | 436 |
| Payable Days | 90 | 94 | 91 | 126 | 144 | 390 | 2,827 | 8,249 | 9,482 | 2,346 |
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.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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