Atlas Cycles Haryana Ltd. (ATLASCYCLE) AI Stock Analysis

Atlas Cycles Haryana Ltd.

(NSE:ATLASCYCLE)

Select Model

Rating:44Neutral

Price Target:INR 82.00▼(-7.24% Downside)

Action:reiterated

Date:09/11/26

Weak financial performance from volatility and cash burn is the dominant factor capping the score, with neutral technicals providing minor support and poor valuation metrics from negative earnings adding further pressure.

Positive Factors

Low current leverageThe large recent equity base relative to low absolute debt indicates modest current leverage and provides financial flexibility. This structure may help Atlas absorb operating volatility, support working-capital needs, and preserve capacity for business actions without heavy dependence on borrowing.

Negative Factors

Sharp revenue and profit deteriorationThe latest results show that the prior improvement was not yet durable: lower revenue coincided with a return to substantial losses and negative gross profit. This weakens confidence in pricing power, operating leverage, and the sustainability of earnings over the next several quarters.

Atlas Cycles Haryana Ltd. (ATLASCYCLE) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 613.44M
Dividend Yield: ―
Average Volume (3M): 6,159
Price to Earnings (P/E): -6.9
Beta (1Y): 0.73
Revenue Growth: -37.09%
EPS Growth: -188.23%
Country: India
Employees: 26
Sector: General
Sector Strength: 55
Industry: Leisure

Atlas Cycles Haryana Ltd. Business Overview & Revenue Model

Company Description

Incorporated in 1950, Atlas Cycles (Haryana) Limited, encompassing its subsidiaries, is primarily involved in the creation and commercialization of bicycles and their related parts within India. Beyond its domestic sales, the firm also dispatches its...

How the Company Makes Money

Atlas Cycles Haryana Ltd. makes money primarily by selling bicycles and, where applicable, related parts/components and accessories. Its core revenue stream is the sale of finished bicycles (across consumer/commuter and other categories as offered by...

Atlas Cycles Haryana Ltd. Financial Statement Overview

Summary

High revenue volatility, weak profitability with net losses in most years, and persistent negative cash flows from operations create ongoing risks, despite recent equity recovery and some revenue rebound.

Income Statement

25Negative

Balance Sheet

45Neutral

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	64.57M	69.04M	171.40M	62.26M	17.30M	33.79M
Gross Profit	-9.90M	-29.96M	22.17M	-68.83M	-133.80M	-16.61M
EBITDA	-68.31M	-64.95M	113.90M	28.38M	-209.60M	-254.65M
Net Income	-83.73M	-80.36M	95.13M	6.57M	-233.00M	-287.48M
Balance Sheet
Total Assets	0	4.83B	4.79B	4.82B	1.15B	1.36B
Cash, Cash Equivalents and Short-Term Investments	27.75M	27.75M	8.19M	4.36M	5.22M	14.88M
Total Debt	0	90.00M	90.00M	90.00M	90.00M	90.00M
Total Liabilities	-3.80B	1.03B	912.75M	1.04B	1.48B	1.45B
Stockholders Equity	3.80B	3.80B	3.88B	3.78B	-325.60M	-92.64M
Cash Flow
Free Cash Flow	4.87M	18.69M	-9.43M	-510.86M	-54.20M	-37.82M
Operating Cash Flow	4.87M	18.79M	-6.50M	-510.78M	-54.00M	-37.68M
Investing Cash Flow	0	766.00K	13.20M	19.77M	45.40M	44.19M
Financing Cash Flow	-15.00K	0	-1.18M	-366.00K	-514.00K	-1.00M

Atlas Cycles Haryana Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price88.40

Price Trends

50DMA94.15Negative

100DMA96.38Negative

200DMA95.97Negative

Market Momentum

MACD-1.32Negative

RSI44.29Neutral

STOCH37.63Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ATLASCYCLE, the sentiment is Negative. The current price of 88.40 is below the 20-day moving average (MA) of 91.04, below the 50-day MA of 94.15, and below the 200-day MA of 95.97, indicating a bearish trend. The MACD of -1.32 indicates Negative momentum. The RSI at 44.29 is Neutral, neither overbought nor oversold. The STOCH value of 37.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ATLASCYCLE.

Atlas Cycles Haryana Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ATLASCYCLE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PRAKASHSTL	57Neutral	INR 563.50M	93.52	―	―	19.54%	-60.99%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ATLASCYCLE	44Neutral	INR 574.60M	-6.88	―	―	-37.09%	-188.23%
IN:GANGAFORGE	43Neutral	INR 471.81M	-7.58	―	―	-17.43%	-2365.00%
IN:NIBL	41Neutral	INR 719.65M	-2.34	―	―	14.63%	-238.37%

* General Sector Average

Performance Comparison

IN:ATLASCYCLE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ATLASCYCLE	Atlas Cycles Haryana Ltd.	88.40	-24.80	-21.91%
IN:ELFORGE	EL Forge Ltd.	21.63	3.44	18.91%
IN:GANGAFORGE	Ganga Forging Ltd.	1.40	-1.43	-50.48%
IN:ITTL	Innovative Tyres & Tubes Ltd.	60.10	-101.33	-62.77%
IN:NIBL	NRB Industrial Bearings Ltd.	29.70	0.15	0.51%
IN:PRAKASHSTL	Prakash Steelage Limited	3.22	-1.82	-36.11%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 11, 2026

Atlas Cycles Haryana Ltd. AI Stock Analysis