MarketFriction

Atlas Cycles (Haryana) Ltd

NSE ATLASCYCLE · BSE 505029 · Cycles
₹91.74 -1.91%
NSE close2026-10-01
52 week range76.15 - 123.67
Market cap₹63.2 Cr.
Price band 20% Delivery 46.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1.631.303.302.393.702.203.671.981.951.521.451.54
Expenses4.333.7446.564.615.643.353.813.273.912.583.873.02
Operating Profit-2.70-2.44-43.26-2.22-1.94-1.15-0.14-1.29-1.96-1.06-2.42-1.48
OPM %-165.64%-187.69%-1,310.91%-92.89%-52.43%-52.27%-3.81%-65.15%-100.51%-69.74%-166.90%-96.10%
Other Income1.100.0049.962.3311.172.001.340.150.010.000.080.00
Interest0.000.000.030.000.010.080.030.000.000.000.010.00
Depreciation1.110.55-0.060.570.500.500.190.440.440.440.210.44
Profit before tax-2.71-2.996.73-0.468.720.270.98-1.58-2.39-1.50-2.56-1.92
Tax %0.00%0.00%1.49%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-2.71-2.986.63-0.468.720.270.98-1.58-2.39-1.50-2.56-1.92
EPS in Rs-4.17-4.5810.19-0.7113.410.421.51-2.43-3.67-2.31-3.94-2.95
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales570.99684.28649.87538.36155.9017.303.421.736.3617.146.906.46
Expenses564.40669.77640.33577.95191.5248.8629.1017.2153.0217.3213.6513.38
Operating Profit6.5914.519.54-39.59-35.62-31.56-25.68-15.48-46.66-0.18-6.75-6.92
OPM %1.15%2.12%1.47%-7.35%-22.85%-182.43%-750.88%-894.80%-733.65%-1.05%-97.83%-107.12%
Other Income0.793.962.60-5.5942.570.060.25-5.4349.5011.570.250.09
Interest7.858.579.837.039.420.080.100.050.040.120.010.01
Depreciation5.474.744.284.214.403.623.192.292.161.761.531.53
Profit before tax-5.945.16-1.97-56.42-6.87-35.20-28.72-23.250.649.51-8.04-8.37
Tax %-45.12%38.37%-18.27%-18.79%-145.41%0.00%0.00%0.00%15.62%0.00%0.00%
Net Profit-3.263.18-1.61-45.813.12-35.19-28.72-23.250.549.51-8.04-8.37
EPS in Rs-5.024.89-2.48-70.444.80-54.11-44.16-35.750.8314.62-12.36-12.87
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-36%-17%59%-44%
Compounded Profit Growth%12%16%-200%
Stock Price CAGR-3%26%%-23%
Return on Equity%%-5%-2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3.253.253.253.253.253.253.253.253.253.253.253.25
Reserves94.0290.7695.9294.3148.5051.6216.42-12.30-35.55374.78384.30376.26
Borrowings102.9869.6491.8352.7560.529.269.009.009.009.009.009.00
Other Liabilities159.02173.25168.34235.25177.38130.90124.52136.25138.8095.2282.2894.13
Total Liabilities359.27336.90359.34385.56289.65195.03153.19136.20115.50482.25478.83482.64
Fixed Assets92.1693.3286.9888.2581.3342.1438.4833.2021.02427.03424.61423.00
CWIP4.280.000.451.321.952.142.070.000.000.000.000.00
Investments13.0013.1715.1811.700.370.370.370.370.320.010.010.01
Other Assets249.83230.41256.73284.29206.00150.38112.27102.6394.1655.2154.2159.63
Total Assets359.27336.90359.34385.56289.65195.03153.19136.20115.50482.25478.83482.64
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity20.9940.75-11.6534.41-10.41-11.18-11,269.84-4.12-5.39-51.20-0.651.89
Cash from Investing Activity-1.20-2.297.43-0.117.5972.0611,267.044.424.5451.181.320.08
Cash from Financing Activity-17.52-41.1116.02-44.162.27-60.52-0.08-0.10-0.05-0.07-0.12-0.01
Net Cash Flow2.27-2.6511.80-9.86-0.550.36-2.870.20-0.90-0.090.551.96
Free Cash Flow18.9238.21-9.5828.63-14.4160.55-2.85-0.15-0.98-0.380.641.97
CFO/OP-112%610%-80%361%26%31%35,709%16%35%110%306%-28%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days72.7767.4173.8994.9366.1399.67550.452,256.173,943.27153.2367.72168.22
Inventory Days35.6634.4337.4747.5336.22100.28563.651,326.911,038.28108.6267.37116.75
Days Payable78.97100.2096.23152.60118.11346.342,760.868,275.469,482.681,753.251,710.712,565.20
Cash Conversion Cycle29.461.6415.13-10.15-15.76-146.39-1,646.76-4,692.38-4,501.13-1,491.40-1,575.62-2,280.23
Working Capital Days-22.69-8.23-7.47-3.76-28.95-69.18-1,225.60-8,086.56-17,032.63-3,587.44-880.13-1,424.56
ROCE %-11.45%1.03%5.62%3.61%-33.04%-39.21%-75.67%-198.60%-26.68%2.30%-2.05%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters41.92%41.92%41.92%41.92%41.92%41.92%41.92%41.92%41.92%41.92%41.92%41.92%
DIIs0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public58.07%58.07%58.07%58.07%58.07%58.08%58.07%58.07%58.07%58.08%58.07%58.07%
No. of Shareholders10,74910,74510,74410,74410,74310,62411,36811,33211,01710,93110,74311,011

Fundamentals

Market Cap₹ 63.2 Cr.
Current Price₹ 97.2
Book Value₹ 584
ROCE-2.05 %
ROE-2.10 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-44%
Compounded Profit Growth (TTM)-200%
Standalone figures.
Valuation
Market capRs 60 Cr
Enterprise valueRs 66 Cr
Price to book0.16x
Price to sales9.24x
EV / sales10.20x
Price to cash flow31.57x
Earnings yield-14.03%
P/E, 3-year average20.56x
P/B, 3-year average0.11x
P/E, 5-year average20.56x
P/B, 5-year average-0.46x
Profitability
Operating margin (excl. other income)-97.83%
Operating margin (incl. other income)-94.20%
EBITDA margin-105.73%
Pre-tax margin-129.57%
Net profit margin-129.57%
Net margin, latest quarter-124.68%
ROE-2.10%
ROCE-2.05%
ROA-1.67%
ROE, 3-year average0.23%
ROCE, 3-year average0.26%
ROA, 3-year average0.16%
ROE, 5-year average-85.54%
ROCE, 5-year average-49.80%
ROA, 5-year average-7.57%
ROIC (approx.)-2.17%
Other income / net worth0.07%
Growth
Sales growth (latest year)-59.74%
Profit growth (latest year)-184.54%
Sales CAGR, 3 years58.59%
Sales CAGR, 5 years-16.79%
Sales growth QoQ6.21%
Sales growth YoY (latest quarter)-22.22%
Per share
EPS (TTM)Rs -12.87
EPS (latest year)Rs -12.36
EPS (latest quarter)Rs -2.95
EPS, 3-year averageRs 1.03
EPS, 5-year averageRs -15.36
Book value per shareRs 583.52
Sales per shareRs 9.93
Cash flow per shareRs 2.91
Free cash flow per shareRs 3.03
Efficiency
Asset turnover0.01x
Fixed asset turnover0.02x
Inventory turnover3.48x
Inventory days105 days
Debtor days168 days
Debtors turnover2.17x
Creditor days2565 days
Cash conversion cycle-2280 days
Working capital days-1425 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 3 Cr
Net debtRs 6 Cr
Debt to equity0.02x
Interest coverage-836.00x
Owners' fund to total sources78.63%
Debt to assets1.86%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Sales to cash flow3.65x
Statement figures
Net sales (TTM)Rs 6 Cr
Net sales (latest year)Rs 7 Cr
Sales (latest quarter)Rs 2 Cr
Operating profit excl. other income (latest year)Rs -7 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -7 Cr
PBDT (TTM)Rs -7 Cr
Profit before tax (TTM)Rs -8 Cr
Net profit (TTM)Rs -8 Cr
Net profit (latest year)Rs -8 Cr
Net profit (latest quarter)Rs -2 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 7 Cr
Total expenditure (latest year)Rs 14 Cr
Total income (latest year)Rs 7 Cr
Share capitalRs 3 Cr
ReservesRs 376 Cr
Shareholders' fundsRs 380 Cr
Total assetsRs 483 Cr
Net blockRs 423 Cr
InvestmentsRs 0 Cr
ReceivablesRs 3 Cr
InventoryRs 2 Cr
Other liabilitiesRs 94 Cr
Shares outstanding (crore)0.65
Ownership
Promoter holding41.92% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.16 is at the 5th percentile (median 0.49).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodATLASCYCLENifty 50Difference
1 week-6.3%-2.8% -3.5 pts
1 month-3.8%-6.8% +3.0 pts
3 months-6.7%-7.6% +0.9 pts
6 months+18.9%+0.4% +18.5 pts
1 year-25.3%-9.9% -15.4 pts
2 years+148.3%-13.6% +161.8 pts
3 years+218.0%+14.2% +203.8 pts
5 years+218.0%+27.9% +190.1 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was -2486% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 0% vs sales -60% in 2026
lookInventory outrunning sales Inventory grew 2% vs sales -60% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2 Cr -22.2% vs Jun 2025. Net loss ₹2 Cr.
Against our estimate for Jun 2026: sales +29.6%, profit -46.1% in line. Our estimate for Sep 2026: sales Rs 1 Cr, profit Rs -1 Cr (how).

Activity

Compare
No listed peers in this industry.
No bulk or block deals on record.
Ex-dateActionFactor
2021-10-14 Annual General Meeting
2019-12-05 Annual General Meeting
2018-10-17 Annual General Meeting
2017-10-30 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2017-09-20 Annual General Meeting
2016-09-27 Annual General Meeting
2016-08-23 Extraordinary General Meeting
2015-09-22 Annual General Meeting
2014-12-22Annual General Meeting
2013-09-19Annual General Meeting / Dividend - Rs 4.5/- Per Share
2012-09-20Annual General Meeting/Dividend Rs 4.50 Per Share
2011-09-21Annual General Meeting And Dividend Rs.4.50 Per Share
2010-09-21Annual General Meeting / Dividend Rs.4.50 Per Share
2009-09-18Agm/Div-Rs.4.50 Per Share
2008-09-19Agm/Dividend - 45%
2007-11-07Agm/Dividend-45%
2006-09-20Agm/Dividend-45%
DateTypeWhat it says
2026-09-02Reply to Clarification- FinaThe Exchange had sought clarification from Atlas Cycles (Haryana) Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI ...
2026-09-01Clarification - Financial ReThe Exchange has sought clarification from Atlas Cycles (Haryana) Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI ...
2026-08-12Shareholder meetingVoting results.
2026-08-12Shareholder meetingProceedings of Annual General Meeting held on August 12, 2026
2026-08-12General UpdatesGeneral Updates
2026-08-12Board meeting outcomeAtlas Cycles (Haryana) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-17UpdatesLetter to shareholders pursuant to Reg. 36(1)(b).
2026-07-17Shareholder meetingNotice of Annual General Meeting to be held on August 12, 2026
2026-05-28CessationCessation of Mr. Praveen Kumar as Non- Executive Independent Director of the Company from the close of business hours of today i.e. May 28, 2026., con...
2026-05-14Board meeting outcomeAtlas Cycles (Haryana) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-04Disclosure under SEBI TakeovAtlas Cycles (Haryana) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India...
2026-04-14UpdatesAnnouncement under Regulation 30 (LODR) - Update
2026-01-16General UpdatesGeneral Updates
2026-01-16Board meeting outcomeAtlas Cycles (Haryana) Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-11-12Change in ManagementChange in Management
2025-11-12Director changeChange in Director(s) of the company.
2025-11-12Board meeting outcomeAtlas Cycles (Haryana) Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-10-31General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-09NCLTHenkel Adhesives Technologies India Pvt.Ltd. Vs Atlas Cycles (Hry) Limited
2021-08-09NCLTSarpanch Industrial Corporation Vs Atlas Cycles (Haryana) Limited
2021-06-10NCLTSh. Vikram Kapur & Ors. Vs Sh. Vikram Kapur & Ors. Vs. M/s. Atlas Cycles (Haryana) Ltd. & Ors.
2021-04-01NCLTSh. Vikram Kapur & Ors. Vs Sh. Vikram Kapur & Ors. Vs. M/s. Atlas Cycles (Haryana) Ltd. & Ors.
2021-03-26NCLTAmber Industrial Exports Vs Atlas Cycles (Hry) Limited
2021-03-17NCLTBerger Paints India Ltd. Vs Atlas Cycles (Haryana) Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Atlas Cycles (Haryana) Ltd?

Atlas Cycles (Haryana) Ltd (ATLASCYCLE) has a market capitalisation of Rs 63.2 Cr. at the 2026-10-01 close.

What were Atlas Cycles (Haryana) Ltd's latest quarterly results?

In the Jun 2026 quarter, Atlas Cycles (Haryana) Ltd sales was Rs 2 Cr (-22.2% vs Jun 2025) with a net loss of Rs 2 Cr.

What is the 52-week high and low of Atlas Cycles (Haryana) Ltd?

The 52-week high is Rs 123.67 and the 52-week low is Rs 76.15.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03