Atlas Cycles (Haryana) Ltd

Key Stats

₹29
Day's Price Range
₹29
₹0
52-Week Price Range
₹29

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 10
6.06
EPS
Rank 36
₹4.77
BVPS
Rank 24
₹84.14
Dividend Yield
Rank 24
ROE
Rank 235
-39.4%
Price To Book Ratio
Rank 10
0.34
Debt To Asset
Rank 21
0.71

Company Information

Atlas Cycles Haryana Ltd. previously known as Atlas Cycle Industries ACIL started with the manufacture of bicycle saddles in 1951 and produced its first bicycle in 1952. From a modest beginning of 120 cycles per day the company has come a long way to become Indias secondlargest cycle manufacturer. It has units at Sonepat Sahibabad Rasoi and Gurgaon all in Haryana. Its combined manufacturing capacity stands at a hefty 3.1 million cycles per annum. It emerged as the largest exporter of bicycles from India. New export markets like Myanmar and South Africa were explored in 199495. It has been exporting components bicycles and mopeds besides tapping the fitness equipment market overseas. Its ISO9002 certification is expected to boost exports. The steel tube manufacturing facility at Gurgaon was expanded from 25000 tpa to 50000 tpa. The expansion was funded by a rights issue of NCDs in Nov.94. This backward integration helped Atlas stem the profit erosion due to rising costs.It continued its backward integration by setting up a 10000 tpa coldrolled CR steel project cost : Rs 14 cr at Sonepat housed at the site used previously by its moped unit. The company has developed and implemented a sophisticated frame alignment checking and correcting fixture by employing hydraulic clamping electronic sensing and display capable of reading errors upto 0.1 mm. A new design for a rowing machine and a bicycle with front telescopic suspension have been developed. Their prototypes are being tested.The company has awarded its shareholders six bonus issues between 1966 and 1994. During 199596 new TANGO range of fancy bikes covering SLRs CTBs ATBs MTBs has been developed. Company has newly introduced Laser series of bicycles. The paint application plant has been commissioned.
OrganisationAtlas Cycles (Haryana) Ltd
HeadquartersSonepat
IndustryMiscellaneous