ATLASCYCLE
Atlas Cycles (Haryana) financials
- Market cap
- ₹64 Cr
- Sector
- Consumer Durables
What Atlas Cycles (Haryana) Limited does
Atlas Cycles (Haryana) Limited manufactures bicycles and bicycle components under the Atlas brand across roadster, fancy and kids' bicycle segments, sold through a dealer network in India. The company has two manufacturing units — Sonepat (Haryana), which is closed, and Sahibabad (Uttar Pradesh), which is operating well below optimum level. It maintains a Government of India-recognized in-house R&D centre that develops new bicycle models. The company sold no bicycles or components in export markets during FY25, deriving all sales domestically.
Segments
- Roadster (standard) bicycles
- Fancy bicycles
- Kids bicycles
- Manufacturing units
- 2 (Sonepat, Haryana — closed; Sahibabad, U.P. — operating below optimum level)
- Bicycles produced
- 29,456 units (FY25, up from 19,604 in FY24)
- Permanent employees
- 14 (as of 31 Mar 2025)
- Product mix
- ~55% roadster, ~25% fancy, ~20% kids bicycles
- Exports
- Nil bicycles/components exported in FY25
- R&D centre
- 1 (Government of India-recognized)
Quarterly results
Q1 FY27: revenue down 22.2%, net profit down 21.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 2 | 4 | 2 | 2 −47% | 2 −31% | 1 −60% | 2 −22% |
| EBITDA | -2 | -1 | -0 | -1 | -2 −1% | -1 +8% | -2 −1629% | -1 −15% |
| Net profit | 9 | 0 | 1 | -2 | -2 −127% | -1 −656% | -3 −361% | -2 −22% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −21.6% 1Y
1Y: ₹122.13 on 10 Sept 2025 → ₹95.71. High ₹127.99 (23 Sept 2025), low ₹77.17 (30 Mar 2026).
Financials, as filed
Revenue grew 19.2% a year over 4 years, FY22 to FY26. Operating margin widened to -97.5%.
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | ₹3 Cr | ₹2 Cr | ₹6 Cr | ₹12 Cr | ₹7 Cr |
| Operating profit | ₹-27 Cr | ₹-24 Cr | ₹-49 Cr | ₹-5 Cr | ₹-7 Cr |
| Operating margin | -781.3% | -1356.3% | -791.7% | -45.6% | -97.5% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹3 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Net profit | ₹-30 Cr | ₹-26 Cr | ₹1 Cr | ₹10 Cr | ₹-8 Cr |
| Net margin | -870.5% | -1489.7% | 8.7% | 79.5% | -116.4% |
| Cash from operations | ₹-4 Cr | ₹-5 Cr | ₹-51 Cr | — | — |
| Free cash flow | ₹-0 Cr | ₹-1 Cr | ₹-0 Cr | — | — |
| ROCE | -198.6% | — | -26.7% | 2.3% | -2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Reserves | ₹49 Cr | ₹52 Cr | ₹16 Cr | ₹-12 Cr | ₹-36 Cr | ₹375 Cr |
| Borrowings | ₹61 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr |
| Other liabilities | ₹177 Cr | ₹131 Cr | ₹125 Cr | ₹136 Cr | ₹139 Cr | ₹95 Cr |
| Total liabilities | ₹290 Cr | ₹195 Cr | ₹153 Cr | ₹136 Cr | ₹116 Cr | ₹482 Cr |
| Fixed assets | ₹81 Cr | ₹42 Cr | ₹38 Cr | ₹33 Cr | ₹21 Cr | ₹427 Cr |
| Capital work in progress | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹206 Cr | ₹150 Cr | ₹112 Cr | ₹103 Cr | ₹94 Cr | ₹55 Cr |
| Total assets | ₹290 Cr | ₹195 Cr | ₹153 Cr | ₹136 Cr | ₹116 Cr | ₹482 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 11,011.
- Promoters
- 41.9%
- DIIs
- 0.0%
- Public
- 58.1%
Since Jun 2025
- Promoters 0.00 pp
- DIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 41.9%, Public 58.1%.Dec '23: Promoters 41.9%, Public 58.1%.Mar '24: Promoters 41.9%, Public 58.1%.Jun '24: Promoters 41.9%, Public 58.1%.Sep '24: Promoters 41.9%, DIIs 0.0%, Public 58.1%.Dec '24: Promoters 41.9%, DIIs 0.0%, Public 58.1%.Mar '25: Promoters 41.9%, DIIs 0.0%, Public 58.1%.Jun '25: Promoters 41.9%, DIIs 0.0%, Public 58.1%.Sep '25: Promoters 41.9%, DIIs 0.0%, Public 58.1%.Dec '25: Promoters 41.9%, DIIs 0.0%, Public 58.1%.Mar '26: Promoters 41.9%, DIIs 0.0%, Public 58.1%.Jun '26: Promoters 41.9%, DIIs 0.0%, Public 58.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Milton Cycle Industries Ltd. +3.31 pp 18.16% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Atlas Cycles (Haryana) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Milton Cycle Industries Ltd. | 18.16% | +3.31 pp |
| Gautam Kapur | 4.25% | unchanged |
| Sanjay Kapur | 3.54% | unchanged |
| Investor Education and Protection Fund | 3.50% | unchanged |
| Girish Kapur | 2.18% | unchanged |
| Radhika Girish Kapur | 2.04% | unchanged |
| Rajiv Kapur Huf | 1.45% | unchanged |
| Ramesh Chand | 1.37% | unchanged |
| Rajiv Kapur | 1.33% | unchanged |
| Aashna Nimish Kenia | 1.08% | unchanged |
| Bharat Kunverji Kenia | 1.00% | unchanged |
| Vikram Kapur | 0.98% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Atlas Cycles (Haryana) Limited
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