NSEI:ATLASCYCLE

Stock Analysis Report

Executive Summary

Atlas Cycles (Haryana) Limited, together with its subsidiaries, manufactures and sells bicycles and its spare parts, and steel tubes primarily in India.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Atlas Cycles (Haryana)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-9.9%

ATLASCYCLE

5.6%

IN Leisure

2.3%

IN Market


1 Year Return

-43.8%

ATLASCYCLE

31.0%

IN Leisure

7.4%

IN Market

Return vs Industry: ATLASCYCLE underperformed the Indian Leisure industry which returned 31% over the past year.

Return vs Market: ATLASCYCLE underperformed the Indian Market which returned 7.4% over the past year.


Shareholder returns

ATLASCYCLEIndustryMarket
7 Day-9.9%5.6%2.3%
30 Day-22.2%13.7%0.9%
90 Day20.0%15.3%3.7%
1 Year-43.8%-43.8%33.1%31.0%9.7%7.4%
3 Year-76.2%-76.2%-22.4%-24.8%23.0%16.6%
5 Year-63.5%-63.5%-0.2%-5.7%42.1%28.5%

Price Volatility Vs. Market

How volatile is Atlas Cycles (Haryana)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Atlas Cycles (Haryana) undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Atlas Cycles (Haryana) is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Atlas Cycles (Haryana) has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of ATLASCYCLE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Atlas Cycles (Haryana) regulatory filings.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

How is Atlas Cycles (Haryana) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.4%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Atlas Cycles (Haryana) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Atlas Cycles (Haryana) performed over the past 5 years?

4.0%

Historical Consumer Durables annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ATLASCYCLE's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare ATLASCYCLE's past year earnings growth to its 5-year average.

Earnings vs Industry: Insufficient data to determine if ATLASCYCLE's earnings growth over the past year exceeded the Leisure industry average.


Return on Equity

High ROE: ATLASCYCLE has a negative Return on Equity (0%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: Insufficient data to calculate ATLASCYCLE's Return on Assets to determine if it is higher than the Leisure industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate ATLASCYCLE's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Atlas Cycles (Haryana)'s financial position?


Financial Position Analysis

Short Term Liabilities: Insufficient data to determine if ATLASCYCLE's short term assets cover its short term liabilities

Long Term Liabilities: ATLASCYCLE has no long term liabilities


Debt to Equity History and Analysis

Debt Level: ATLASCYCLE is debt free.

Reducing Debt: ATLASCYCLE has no debt compared to 5 years ago when its debt to equity ratio was 84.2%.


Balance Sheet

Inventory Level: Insufficient data to determine if ATLASCYCLE has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ATLASCYCLE's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if ATLASCYCLE has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ATLASCYCLE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Atlas Cycles (Haryana)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.4%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate ATLASCYCLE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ATLASCYCLE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ATLASCYCLE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATLASCYCLE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ATLASCYCLE is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ATLASCYCLE's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Atlas Cycles (Haryana)'s salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Narendra Singh 0

3.7yrs

Tenure

₹1,916,000

Compensation

Mr. Narendra Pal Singh has been Chief Executive Officer of Atlas Cycles (Haryana) Ltd since February 12, 2016. 


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Narendra's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Insufficient data to compare Narendra's compensation with company performance.


Management Age and Tenure

3.7yrs

Average Tenure

48.5yo

Average Age

Experienced Management: ATLASCYCLE's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

76yo

Average Age

Experienced Board: ATLASCYCLE's board of directors are considered experienced (5.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Sell₹191,49430 Mar 19
Salil Kapur
EntityIndividual
Shares2,509
Max Price₹76.32
Sell₹862,03902 Nov 18
Salil Kapur
EntityIndividual
Shares9,825
Max Price₹87.74

Ownership Breakdown


Management Team

  • Vikram Kapur (68yo)

    President of Sonepat Unit

    • Tenure: 0yrs
  • Rajiv Kapur (56yo)

    Joint President of Sonepat Unit

    • Tenure: 0yrs
  • Girish Kapur (63yo)

    Joint President of Sahibabad Unit

    • Tenure: 16.8yrs
  • Chander Dhall

    Chief Financial Officer

    • Tenure: 3.7yrs
    • Compensation: ₹900.00k
  • Ishwar Chugh (80yo)

    Whole Time Director

    • Tenure: 6.6yrs
    • Compensation: ₹1.97m
  • Abhinav Kapur (33yo)

    Senior Vice President of Sahibabad Unit

    • Tenure: 0yrs
  • Rahul Kapur (34yo)

    Senior Vice President of Sahibabad Unit

    • Tenure: 0yrs
  • Rishav Kapur (39yo)

    Senior Vice President of Sahibabad Unit

    • Tenure: 0yrs
  • Angad Kapur (41yo)

    Senior Vice President of Sonepat Unit

    • Tenure: 0yrs
  • Narendra Singh

    Chief Executive Officer

    • Tenure: 3.7yrs
    • Compensation: ₹1.92m

Board Members

  • Ishwar Chugh (80yo)

    Whole Time Director

    • Tenure: 6.6yrs
    • Compensation: ₹1.97m
  • Hira Bhatia (76yo)

    Chairman of the Board

    • Tenure: 3.7yrs
    • Compensation: ₹157.00k
  • Kartik Rai

    Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: ₹158.00k
  • Sanjiv Singh (63yo)

    Independent Non-Executive Director

    • Tenure: 5.1yrs
    • Compensation: ₹158.00k

Company Information

Atlas Cycles (Haryana) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atlas Cycles (Haryana) Limited
  • Ticker: ATLASCYCLE
  • Exchange: NSEI
  • Founded: 1950
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: ₹320.775m
  • Shares outstanding: 6.50m
  • Website: https://www.atlasbicycles.com

Number of Employees


Location

  • Atlas Cycles (Haryana) Limited
  • Industrial Area
  • Atlas Road
  • Sonepat
  • Haryana
  • 131001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
505029BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 1996
ATLASCYCLENSEI (National Stock Exchange of India)YesEquity SharesININRMay 1996

Biography

Atlas Cycles (Haryana) Limited, together with its subsidiaries, manufactures and sells bicycles and its spare parts, and steel tubes primarily in India. The company also exports its products to approximate ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 12:43
End of Day Share Price2019/10/22 00:00
Earnings2018/03/31
Annual Earnings2018/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.