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

Excellent balance sheet and fair value.

Risks

  • Atlas Cycles (Haryana) has significant price volatility in the past 3 months.
  • Atlas Cycles (Haryana)'s last earnings update was 326 days ago.
  • Atlas Cycles (Haryana) is not covered by any analysts.

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

-3.3%

NSEI:ATLASCYCLE

1.0%

IN Leisure

0.4%

IN Market


1 Year Return

-73.6%

NSEI:ATLASCYCLE

-21.8%

IN Leisure

-13.4%

IN Market

ATLASCYCLE underperformed the Leisure industry which returned -22.4% over the past year.

ATLASCYCLE underperformed the Market in India which returned -12.8% over the past year.


Share holder returns

ATLASCYCLEIndustryMarket
7 Day-3.3%1.0%0.4%
30 Day-9.0%-4.5%-3.7%
90 Day-26.3%-5.8%-7.4%
1 Year-73.6%-73.6%-18.9%-21.8%-11.7%-13.4%
3 Year-62.8%-62.8%-25.0%-28.3%18.7%12.4%
5 Year-73.2%-73.2%-47.2%-50.2%37.5%24.5%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Atlas Cycles (Haryana)'s share price is below the future cash flow value, and at a moderate discount (> 20%).

Atlas Cycles (Haryana)'s share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Atlas Cycles (Haryana) is loss making, we can't compare its value to the Asia Leisure industry average.

Atlas Cycles (Haryana) is loss making, we can't compare the value of its earnings to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Atlas Cycles (Haryana), we can't assess if its growth is good value.


Price Based on Value of Assets

Atlas Cycles (Haryana) is good value based on assets compared to the Asia Leisure industry average.


Next Steps

Future Growth

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

13.5%

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?

-151.1%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Atlas Cycles (Haryana) does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.

Unable to compare Atlas Cycles (Haryana)'s 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Atlas Cycles (Haryana)'s 1-year growth to the Asia Leisure industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Atlas Cycles (Haryana) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

Atlas Cycles (Haryana) used its assets less efficiently than the Asia Leisure industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Atlas Cycles (Haryana) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

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


Financial Position Analysis

Atlas Cycles (Haryana) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Atlas Cycles (Haryana)'s cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Atlas Cycles (Haryana)'s level of debt (54.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (84.2% vs 54.1% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 5.1x debt.


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.

Whilst loss making Atlas Cycles (Haryana) has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Atlas Cycles (Haryana) has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.2% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Atlas Cycles (Haryana)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Atlas Cycles (Haryana)'s dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Atlas Cycles (Haryana) has not reported any payouts.

Unable to verify if Atlas Cycles (Haryana)'s dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Atlas Cycles (Haryana) has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

3.5yrs

Average management tenure


CEO

Narendra Singh 0

3.5yrs

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

Narendra's remuneration is about average for companies of similar size in India.

Narendra's compensation has increased whilst company is loss making.


Management Age and Tenure

3.5yrs

Average Tenure

48.5yo

Average Age

The tenure for the Atlas Cycles (Haryana) management team is about average.


Board Age and Tenure

5.3yrs

Average Tenure

76yo

Average Age

The tenure for the Atlas Cycles (Haryana) board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


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: 0.0yrs
  • Rajiv Kapur (56yo)

    Joint President of Sonepat Unit

    • Tenure: 0.0yrs
  • Girish Kapur (63yo)

    Joint President of Sahibabad Unit

    • Tenure: 16.6yrs
  • Chander Dhall

    Chief Financial Officer

    • Tenure: 3.5yrs
    • Compensation: ₹900.00k
  • Ishwar Chugh (80yo)

    Whole Time Director

    • Tenure: 6.4yrs
    • Compensation: ₹1.97m
  • Abhinav Kapur (33yo)

    Senior Vice President of Sahibabad Unit

    • Tenure: 0.0yrs
  • Rahul Kapur (34yo)

    Senior Vice President of Sahibabad Unit

    • Tenure: 0.0yrs
  • Rishav Kapur (39yo)

    Senior Vice President of Sahibabad Unit

    • Tenure: 0.0yrs
  • Angad Kapur (41yo)

    Senior Vice President of Sonepat Unit

    • Tenure: 0.0yrs
  • Narendra Singh

    Chief Executive Officer

    • Tenure: 3.5yrs
    • Compensation: ₹1.92m

Board Members

  • Ishwar Chugh (80yo)

    Whole Time Director

    • Tenure: 6.4yrs
    • Compensation: ₹1.97m
  • Hira Bhatia (76yo)

    Chairman of the Board

    • Tenure: 3.5yrs
    • Compensation: ₹157.00k
  • Kartik Rai

    Independent Non-Executive Director

    • Tenure: 5.7yrs
    • Compensation: ₹158.00k
  • Sanjiv Singh (63yo)

    Independent Non-Executive Director

    • Tenure: 4.9yrs
    • 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: ₹254.475m
  • 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 Analysis2019/08/20 12:43
End of Day Share Price2019/08/20 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.