ATLASCYCLE · Atlas Cycles (Haryana) Ltd · Recreational Products
ATLASCYCLE · Atlas Cycles (Haryana) Ltd · Recreational Products
As of 05 Nov close
52-week range
27.3% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹2 Cr
Revenue YoY
PAT YoY
-21.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
0.2
P/S (TTM)
9.6
Sector P/E
Not available from data source
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ATLASCYCLE (this stock) | Not meaningful (earnings negative over the last 12 months) | 0.2 | -129.6% | -2.2% | 0.02 | 0.0% |
| Bajaj Auto | 23.1 | 9.4 | +16.5% | +30.3% | 0.58 | +1.3% |
| TVS Motor Company | 48 | 31.8 | +5.7% | +35.8% | 3.43 | +0.3% |
| Hero Motocorp | 17.6 | 5.1 | +10.7% | +25.2% | 0.04 | +3.5% |
Promoter
stable
FII
Not available from data source
MF
Not available from data source
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 22 May 2026 | Limrose Engineering Works Private Limited | SELL | 2,15,300 | ₹2.16 Cr |
| 22 May 2026 | Milton Cycle Industries Limited | BUY | 2,15,300 | ₹2.16 Cr |
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| ATLASCYCLE | 2026-09-08 | 390982 | 6 | MEDIUM | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedAtlas Cycles (Haryana) Limited (ATLASCYCLE) reported underperformance in FY2023-24, with only the Sahibabad unit operational while the Sonepat unit remained non-operational. The company did not declare dividends due to poor financial health. A significant legal development involved the National Company Law Appellate Tribunal (NCLAT) overturning a prior order, reinstating the suspended board. The auditor issued a qualified opinion due to unresolved issues like unverified stock valuations, unrecorded liabilities, and defaults in statutory dues. The company also faced challenges with its ERP systems and had significant contingent liabilities.
- Only Sahibabad unit operational, Sonepat unit non-operational.
- No dividend declared due to poor financial health.
- NCLAT overturned NCLT order, reinstating suspended board.
- Auditor's qualified opinion due to unverified stock valuations, unrecorded liabilities, and defaults in statutory dues.
- Significant contingent liabilities and defaults in statutory dues amounting to ₹66,05,201/-.
Key takeaway: Atlas Cycles underperformed in FY2023-24 with operational limitations, legal challenges, and significant financial and compliance issues highlighted by the auditor's qualified opinion.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (5 items); Regulatory Action (5 items); Default / Covenant Breach (5 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
5 occurrencesRecent (last 12 months)
The auditor issued a qualified opinion on the standalone Ind AS financial statements of Atlas Cycles (Haryana) Limited for the year ended 31 March 2026.
Earlier (1-3 years ago)
The auditor issued a qualified opinion on the standalone financial statements of Atlas Cycles (Haryana) Limited for the year ended 31 March 2025, indicating that the financial statements may not present a true and fair view due to the matters described in the 'Basis of Qualified Opinion' section of the report.
The auditor, Sh Arora & Company, issued a qualified opinion on Atlas Cycles (Haryana) Limited's standalone financial statements for the year ended 31 March 2024, indicating exceptions in the 'Basis of Qualified Opinion' section.
Older (3+ years ago)
The auditor issued a qualified opinion on the standalone Ind AS financial statements of Atlas Cycles (Haryana) Limited for the year ended 31 March 2023.
The auditor issued a qualified opinion on the standalone Ind AS financial statements of Atlas Cycles (Haryana) Limited for the year ended 31st March, 2022, indicating exceptions in the 'Basis of Qualified Opinion' section.
Regulatory Action
5 occurrencesRecent (last 12 months)
The company faced penalties from NSE and BSE for delayed submission of financial results due to operational issues, amounting to Rs. 25,55,880 and Rs. 12,50,800 respectively. The company paid the penalties with protest and sought waivers, with NSE waiving around 21 lakh.
Earlier (1-3 years ago)
The company faced penalties from NSE and BSE for delayed submission of financial results due to operational issues, amounting to Rs. 25,55,880 and Rs. 12,50,800 respectively, but received a partial waiver of Rs. 21 lakh from NSE.
The company faced penalties from NSE and BSE for delayed submission of financial results, amounting to Rs. 25,55,880 and Rs. 12,50,800 respectively, due to operational issues and non-payment of property tax.
Older (3+ years ago)
The company faced delays in submitting financial results to stock exchanges due to operational issues and was fined Rs. 25,55,880 by NSE and Rs. 12,50,800 by BSE.
The company faced penalties from NSE and BSE totaling approximately Rs. 3.8 million due to delays in submitting quarterly and yearly financial results over the past five years, caused by operational issues and labor unrest.
Default / Covenant Breach
5 occurrencesRecent (last 12 months)
The company defaulted in repayment of Inter Corporate Loan within stipulated time as per the agreed terms. The accumulated interest not provided as on 31st March 2026 is Rs. 5,94,00,000/-.
Earlier (1-3 years ago)
The company has not honored repayment terms as stipulated in the inter corporate loan agreement with Milton Cycle Industries Limited, amounting to Rs. 9,00,00,000/-. The company has taken an inter corporate loan from its associate concern Milton Cycle Industries Limited of Rs. 9,00,00,000/-(Rs Nine crores) which carries interest @ 11% p.a. The company has not honored repayment terms as stipulated terms of inter corporate loan agreement.
The company has pending applications for corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, including claims from S.N. Polymers, H.K. Bikes and Components, Carry Packer, and Great Gear with amounts ranging from Rs. 87,40,052 to Rs. 1,47,58,061, all pending at NCLT Chandigarh.
Older (3+ years ago)
The company defaulted in repayment of inter-corporate loan within stipulated time as per agreed terms, with accumulated interest not provided amounting to Rs. 2,97,00,000/- as of 31st March 2023.
The company defaulted in repayment of an inter-corporate loan within stipulated time as per agreed terms.
Routine disclosures
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has pending litigation and contingent liabilities totaling Rs. 3,01,79,850/- in interest liability for FY 2025-26, related to outstanding creditors amounting to Rs. 16,76,65,834/- at MSME and district courts.
Earlier (1-3 years ago)
The company has pending litigation and contingent liabilities totaling Rs. 4,60,96,576 for FY 2024-25, related to outstanding creditors amounting to Rs. 25,60,92,088 at MSME, NCLT, and district courts.
The company has pending litigations, claims, and contingent liabilities with interest liabilities totaling Rs. 5,15,57,933 on cases pending at MSME and district courts amounting to Rs. 3,93,45,237 and Rs. 1,22,12,696 respectively.
Older (3+ years ago)
The company has disclosed contingent liabilities regarding claims of interest filed by creditors in different courts, though the exact quantum of liability is not ascertainable due to lack of reconciliations and confirmations.
The company has disclosed contingent liabilities regarding claims of interest filed by creditors in different courts, though the exact quantum of liability is not ascertainable due to lack of reconciliations and confirmations.
Management & Board Governance
1 occurrenceRecent (last 12 months)
The Whole-time Director & Chief Financial Officer of the Company resigned from office with effect from 12 November 2025. The Board appointed a Chief Executive Officer (CEO) and a Chief Financial Officer (CFO) with effect from 13 November 2025.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.06% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).