Atlas Cycles

Why is Atlas Cycles (Haryana) Ltd falling/rising?

As of 16-Jun, Atlas Cycles (Haryana) Ltd is experiencing a decline in its stock price, currently at 99.30, reflecting a drop of -1.84%. The stock has underperformed its sector and shows negative returns over various periods, indicating a lack of strong upward momentum despite increased investor participation.

As of 16-Jun, Atlas Cycles (Haryana) Ltd is experiencing a decline in its stock price, currently at 99.30, which reflects a change of -1.86 (-1.84%). This downward movement is evident as the stock has underperformed its sector by -2.38% today and has fallen after three consecutive days of gains. The stock opened with a loss of -3.12%, reaching an intraday low of Rs 98. <BR><BR>In terms of performance over various periods, the stock has shown negative returns, with a year-to-date decline of -4.29% and a one-year drop of -24.80%. Comparatively, the benchmark Sensex has performed better, gaining +3.91% over the past week and +2.09% over the past month. <BR><BR>Despite a notable increase in investor participation, with a delivery volume that rose by 160.57% against the 5-day average, the stock's moving averages indicate a mixed trend. It is higher than the 5-day and 100-day moving averages but lower than the 20-day, 50-day, and 200-day moving averages, suggesting a lack of strong upward momentum. Overall, these factors contribute to the current decline in the stock price of Atlas Cycles (Haryana) Ltd.

Which are the latest news on Atlas Cycles?

How big is Atlas Cycles?

As of 10th June, Atlas Cycles (Haryana) Ltd has a market capitalization of 62.00 Cr, with recent net sales of 155.87 Cr and a net profit of 3.11 Cr over the last four quarters. Shareholder's funds are 378.04 Cr, and total assets amount to 455.16 Cr as of March 2024.

As of 10th June, <BR><BR>Market Cap: Atlas Cycles (Haryana) Ltd has a market capitalization of 62.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 155.87 Cr, while the sum of Net Profit for the same period is 3.11 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 378.04 Cr and Total Assets totaling 455.16 Cr.

Who are in the management team of Atlas Cycles?

The management team of Atlas Cycles includes I D Chugh (Whole-time Director), Kartik Roop Rai and Sanjiv Kavaljit Singh (Independent Directors), Sadhna Syal and Vansh Vardhan Joshi (Additional Directors), and Nikhil Bindal and Rakesh (Company Secretaries). They oversee the company's operations and governance.

The management team of Atlas Cycles includes the following individuals:<BR><BR>1. **I D Chugh** - Whole-time Director<BR>2. **Kartik Roop Rai** - Independent Director<BR>3. **Sanjiv Kavaljit Singh** - Independent Director<BR>4. **Sadhna Syal** - Additional Director<BR>5. **Nikhil Bindal** - Company Secretary<BR>6. **RAKESH** - Company Secretary<BR>7. **Vansh Vardhan Joshi** - Additional Director<BR><BR>These individuals play various roles in guiding the company's operations and governance. If you need more specific information about their responsibilities or backgrounds, feel free to ask!

Who are the peers of the Atlas Cycles?

Peers of Atlas Cycles include Super Tannery, Restile Ceramics, Essex Marine, Elegant Marbles, Royal Cush. Vin., Archies, Premium Plast, Srivasavi Adhes., and Ganga Bath Fitt. Atlas Cycles has a 1-year return of -29.17%, better than Royal Cush. Vin. but worse than Restile Ceramics at 30.22%.

Peers: The peers of Atlas Cycles are Super Tannery, Restile Ceramics, Essex Marine, Elegant Marbles, Royal Cush. Vin., Archies, Premium Plast, Srivasavi Adhes., and Ganga Bath Fitt.<BR><BR>Quality Snapshot: Below Average management risk is observed at Super Tannery, Atlas Cycles, and Archies, while Good management risk is found at Essex Marine and Srivasavi Adhes. Average management risk is noted at Elegant Marbles and Ganga Bath Fitt. Growth is below average for Super Tannery, Atlas Cycles, Archies, and Srivasavi Adhes., while Good growth is seen at Elegant Marbles and Premium Plast. Capital structure is below average for Super Tannery, Atlas Cycles, Essex Marine, and Archies, while Excellent capital structure is observed at Premium Plast and Good at Elegant Marbles and Srivasavi Adhes.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Restile Ceramics at 30.22%, while the lowest is Royal Cush. Vin. at -51.64%. Atlas Cycles has a 1-year return of -29.17%, which is better than Royal Cush. Vin. but worse than Restile Ceramics. Additionally, the six-month return is negative for Super Tannery, Archies, Elegant Marbles, and Royal Cush. Vin.

What does Atlas Cycles do?

Atlas Cycles (Haryana) Ltd manufactures bicycles and components, operating as a micro-cap company since its incorporation in 1951. As of March 2026, it reported net sales of 1 Cr and a net loss of 3 Cr, with a market cap of INR 62 Cr.

Overview:<BR>Atlas Cycles (Haryana) Ltd is engaged in the manufacturing of bicycles and bicycle components, operating within the diversified consumer products industry and classified as a micro-cap company.<BR><BR>History:<BR>The company was incorporated in 1951 and initially operated under the name 'Atlas Cycle Industries Limited'. It changed its name to 'Atlas Cycles (Haryana) Limited' on April 16, 2002. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Most recent Net Sales: 1 Cr (Quarterly Results - Mar 2026)<BR>- Most recent Net Profit: -3 Cr (Quarterly Results - Mar 2026)<BR>- Market-cap value: INR 62 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 32<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.02<BR>- Return on Equity: -2.12%<BR>- Price to Book: 0.17<BR><BR>Contact Details:<BR>- Address: Atlas Road, Industrial Area Sonepat Haryana : 131001<BR>- Phone: 91-130-2200001-15<BR>- Email: companysecretary@atlascycles.co.in<BR>- Website: http://www.atlasbicycles.com

Should I buy, sell or hold Atlas Cycles (Haryana) Ltd?

How has been the historical performance of Atlas Cycles?

Atlas Cycles has shown a declining trend in net sales and profitability from 2015 to 2019, with net sales dropping from INR 586.32 crore to INR 538.36 crore and increasing losses in operating profit and net profit. Total assets and liabilities decreased significantly by March 2023, while cash flow from operating activities remained negative, indicating ongoing financial challenges.

Answer:<BR>The historical performance of Atlas Cycles shows a declining trend in net sales and profitability over the years, particularly from 2015 to 2019.<BR><BR>Breakdown:<BR>Atlas Cycles experienced a decrease in net sales from INR 586.32 crore in March 2015 to INR 538.36 crore in March 2019. Other operating income also fell significantly, dropping from INR 8.27 crore in March 2015 to zero in March 2019. Consequently, total operating income declined from INR 594.59 crore in March 2015 to INR 538.36 crore in March 2019. The company's total expenditure, excluding depreciation, was INR 613.38 crore in March 2015, which decreased to INR 584.12 crore by March 2019. Operating profit (PBDIT) showed a negative trend, moving from a loss of INR 10.28 crore in March 2015 to a loss of INR 45.20 crore in March 2019. The profit before tax also worsened, with losses increasing from INR 27.98 crore in March 2015 to INR 56.44 crore in March 2019. Profit after tax reflected similar losses, growing from INR 18.95 crore in March 2015 to INR 45.84 crore in March 2019. The company's total assets decreased from INR 272.41 crore in March 2019 to INR 88.14 crore in March 2023, while total liabilities also fell from INR 272.41 crore to INR 88.14 crore during the same period. The cash flow from operating activities remained negative, indicating ongoing financial challenges for the company.

Are Atlas Cycles latest results good or bad?

Atlas Cycles' latest results are concerning, showing a 71.20% decline in revenue and a negative operating margin of -18.69%, indicating significant financial distress. With a negative book value per share and low return on equity, the company's future outlook appears bleak without major restructuring or capital support.

Atlas Cycles' latest results are concerning and indicate a troubling financial situation. The company has experienced a significant decline in revenue, with a staggering 71.20% year-on-year drop in sales, collapsing from ₹649 crores in FY18 to just ₹155 crores in FY20. This decline is compounded by a negative operating margin of -18.69% in the most recent quarter, meaning the company is losing money on its sales.<BR><BR>Moreover, Atlas Cycles has a negative book value per share of ₹-50.07, which signifies that its liabilities exceed its assets, raising serious questions about its long-term viability. The return on equity (ROE) is extremely low at 2.35%, reflecting poor capital efficiency, and the company has been unable to generate positive operating cash flow.<BR><BR>Overall, the financial trajectory of Atlas Cycles suggests a business in terminal decline, with persistent operational losses and a deteriorating balance sheet. The outlook appears bleak, and without significant restructuring or capital injection, the company's future remains uncertain.

How has been the historical performance of Atlas Cycles?

Atlas Cycles has faced significant financial challenges from March 2015 to March 2019, with declining net sales, increasing losses, and diminishing asset values, culminating in a loss of 45.20 crore in operating profit by March 2019. The company's total assets decreased from 272.41 crore in March 2019 to 88.14 crore in March 2023, reflecting ongoing financial difficulties.

Answer:<BR>The historical performance of Atlas Cycles has shown significant challenges over the years, particularly from March 2015 to March 2019.<BR><BR>Breakdown:<BR>Atlas Cycles experienced a decline in net sales from 586.32 crore in March 2015 to 538.36 crore in March 2019. Other operating income also decreased, contributing to a total operating income drop from 594.59 crore in March 2015 to 538.36 crore in March 2019. The company's total expenditure, excluding depreciation, fluctuated but ultimately decreased from 613.38 crore in March 2015 to 584.12 crore in March 2019. This led to operating profit (PBDIT) showing a loss of 45.20 crore in March 2019, compared to a profit of 7.36 crore in March 2016. The profit before tax also worsened, moving from a loss of 27.98 crore in March 2015 to a loss of 56.44 crore in March 2019. Consequently, the profit after tax reflected a similar trend, with losses increasing from 18.95 crore in March 2015 to 45.84 crore in March 2019. The company's total assets decreased from 272.41 crore in March 2019 to 88.14 crore in March 2023, while total liabilities also saw a decline from 272.41 crore in March 2019 to 88.14 crore in March 2023. Cash flow from operating activities remained negative, indicating ongoing financial difficulties, with a cash flow of -11.00 crore in March 2020. Overall, Atlas Cycles has faced a downward trajectory in financial performance, marked by declining sales, increasing losses, and diminishing asset values.

Who are the top shareholders of the Atlas Cycles?

The top shareholders of Atlas Cycles include Milton Cycle Industries Ltd. with a 10.02% stake and individual investors holding 50.01%. The highest public shareholder is Ramesh Chand at 1.19%, with no mutual funds or foreign institutional investors involved and no pledged promoter holdings.

The top shareholders of Atlas Cycles include Milton Cycle Industries Ltd., which holds the highest promoter stake at 10.02%. Additionally, individual investors collectively hold a significant portion at 50.01%. The highest public shareholder is Ramesh Chand, with a holding of 1.19%. There are no mutual funds or foreign institutional investors currently holding shares in the company, and there are no pledged promoter holdings.

Is Atlas Cycles overvalued or undervalued?

As of December 30, 2024, Atlas Cycles is considered a risky investment and overvalued at a price of 136.85, with a PE Ratio of 9.27, a Price to Book Value of 0.23, and an EV to EBIT of -47.44, indicating significant financial distress compared to its peers.

As of 30 December 2024, the valuation grade for Atlas Cycles moved from does not qualify to risky. The company is currently assessed as overvalued. Key ratios include a PE Ratio of 9.27, a Price to Book Value of 0.23, and an EV to EBIT of -47.44, which indicate significant financial distress compared to its peers.<BR><BR>In comparison to its industry, Atlas Cycles' PE Ratio of 9.27 is notably lower than Altius Telecom's 52.97 and Inventurus Knowledge's 56.63, both of which are categorized as very expensive. Additionally, the company's ROE stands at 2.45%, which is underwhelming when juxtaposed with the higher returns of its peers. Despite a strong performance in recent months, with a year-to-date return of 87.72% compared to the Sensex's 5.63%, the underlying financial metrics suggest that Atlas Cycles is not a sound investment at its current price of 136.85.

What is the technical trend for Atlas Cycles?

As of June 2, 2025, Atlas Cycles shows a mildly bullish trend, supported by bullish MACD and moving averages, despite some bearish signals from the monthly RSI and KST.

As of 2 June 2025, the technical trend for Atlas Cycles has changed from bullish to mildly bullish. The weekly MACD remains bullish, while the monthly MACD is also bullish, indicating a positive momentum. However, the monthly RSI is bearish, suggesting some weakness in the longer time frame. The Bollinger Bands are mildly bullish on both weekly and monthly charts, supporting a cautious upward trend. Daily moving averages are bullish, reinforcing the short-term positive outlook. The KST shows a mildly bearish stance on the weekly chart but bullish on the monthly, indicating mixed signals. Dow Theory reflects a mildly bullish trend on the weekly but shows no trend on the monthly, adding to the uncertainty. Overall, the current stance is mildly bullish, driven primarily by the bullish MACD and moving averages, despite some bearish signals from the RSI and KST.

When is the next results date for Atlas Cycles?

No Upcoming Board Meetings

Has Atlas Cycles declared dividend?

Atlas Cycles (Haryana) Ltd has declared a 45% dividend, amounting to ₹2.25 per share, with an ex-date of September 19, 2013. However, the dividend yield is 0%, and there have been no recent dividend payments relative to the share price, despite significant price appreciation over the years.

Atlas Cycles (Haryana) Ltd has declared a 45% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 45%<BR>- Amount per share: 2.2500<BR>- Ex-date: Sep-19-2013<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6 Months period, the price return was 0%, the dividend return was 0%, and the total return was 0.0%.<BR><BR>In the 1 Year period, the price return was 0%, the dividend return was 0%, and the total return was 0.0%.<BR><BR>In the 2 Years period, the price return was 0%, the dividend return was 0%, and the total return was 0.0%.<BR><BR>In the 3 Years period, the price return was 367.24%, the dividend return was 0%, and the total return was 367.24%.<BR><BR>In the 4 Years period, the price return was 367.24%, the dividend return was 0%, and the total return was 367.24%.<BR><BR>In the 5 Years period, the price return was 212.57%, the dividend return was 0%, and the total return was 212.57%.<BR><BR>Overall, while Atlas Cycles has declared a dividend, the dividend yield is 0%, indicating that there have been no recent dividend payments relative to the share price. The total returns over various periods show significant price appreciation, particularly over the longer term, despite the absence of dividend returns in those periods.