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Atlas Cycles (Haryana) Ltd. Stock Analysis

Small Cap
Evaluated by 380 users | BSE: 505029 | NSE: ATLASCYCLE |
Cycles
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 5.63%5.85%6.99%5.3%-1.85%-7.72%1.22%3.68%2.39%-27.94%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 654768875678650595571684650538
Y-o-Y Gr. Rt.-17.3%14%-22.5%-4.2%-8.5%-4%19.8%-5%-17.2%
Adjusted EPS (Rs.) 6.345.853.883.35-16.44-37.19-5.040.83-4.31-63.96
Y-o-Y Gr. Rt.--7.7%-33.7%-13.7%-590.8%NANANA-619.3%NA
Book Value per Share (Rs.) 180.58183.74186.13188.2172.7143.56138.55146.49144.0273.58
Adjusted Net Profit 4.13.82.52.2-10.7-24.2-3.30.5-2.8-41.6
Net Op. Cash Flow (Rs. Cr.) -13.751.3732.3-2.42140.8-11.734.4-10.4
Debt to Cash Flow from Ops -7.232.0115.643.29-45.414.911.71-7.881.53-5.82
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Atlas Cycles (Haryana) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -2.1%-3.7%-1.9%-17.2%
Adjusted EPS -229.3%NANANA
Book Value per Share -9.5-15.7-19-48.9
Share Price -14.1% -18.1% -45.1% -25.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 3.433.112.031.73-8.82-22.66-3.430.56-2.85-55.72
Operating Profit Margin (%) 2.333.063.353.45-0.05-3.161.162.121.47-7.35
Net Profit Margin (%) 0.630.50.290.32-1.64-4.07-0.570.08-0.43-7.73
Debt to Equity 0.840.860.910.870.981.10.770.960.561.26
Working Capital Days 162142132171174163138120142155
Cash Conversion Cycle 36474659635321202117
Entity Percentage Holding
Promoters 42.12%
Non-Institutions 57.88%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Atlas Cycles (Haryana) Ltd.'s performance infers:

Atlas Cycles (Haryana) Ltd. earnings have grown by 0%, whereas share price has depreciated -18.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Atlas Cycles (Haryana) Ltd. share prices over the last 10 years. Here is what we found out:

Atlas Cycles (Haryana) Ltd. share price has depreciated -9.9% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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