Atlas Cycle Annual Reports, Balance Sheet and Financials

Atlas Cycles Haryana Limited Balance Sheet (Rs in Lakhs)

Atlas Cycles Haryana Limited Profit & Loss Statement (Rs in Lakhs)

 Atlas Cycles Haryana Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Operating Activities:

The cash flow from operating activities showed a significant outflow of ₹5,108.78 lakhs for the year ending March 2024, compared to an outflow of ₹540.15 lakhs in the previous year (March 2023). This negative cash flow is largely driven by a loss on disposal of property, plant & equipment (PPE), which amounted to ₹4,920.79 lakhs. Additionally, while there was an operating loss before working capital changes of ₹2,906.79 lakhs, this was further impacted by changes in working capital. Notably, the company saw a sharp decrease in trade and other payables by ₹4,162.67 lakhs. However, there were positive adjustments like an increase in other non-current assets and inventories, contributing to a partially offsetting effect. Overall, despite these adjustments, the operating cash flow remains heavily negative due to the significant loss and decrease in liabilities.

Investing Activities:

In contrast to operating activities, the company generated cash inflows from investing activities in both years. For the year ending March 2024, the net cash inflows amounted to ₹5,103.42 lakhs, primarily driven by the sale of property, plant & equipment (PPE) worth ₹5,083.41 lakhs. This is a major increase compared to the ₹441.52 lakhs in the previous year. There was also a small positive cash flow from the sale and purchase of investments. Interest income contributed ₹4.61 lakhs, similar to the previous year. Overall, the company saw a strong positive inflow from investing activities.

Financing Activities:

Cash flows from financing activities were minimal. The company paid interest of ₹3.66 lakhs in March 2024, slightly lower than ₹5.14 lakhs in the previous year. There were no significant financing activities such as borrowings or equity raises, resulting in a net outflow of ₹3.66 lakhs for the year.

Financial Ratios of Atlas Cycles Haryana Limited

Here is a summary of the financial and operational metrics for Atlas Cycles Haryana Limited for the year 2024 and 2023:

Debt-Equity Ratio:

The debt-equity ratio for both 2024 and 2023 stands at 2.77, indicating that the company has maintained the same level of leverage across the two years. A ratio of 2.77 means that for every ₹1 of equity, the company has ₹2.77 in debt.

Return on Equity (ROE):

The return on equity (ROE) has shown significant improvement, rising to 0.17 in 2024 from -7.15 in 2023. ROE measures the profitability of the company relative to shareholders ' equity, and a positive value indicates that the company is generating profit for its shareholders.

Inventory Turnover Ratio:

The inventory turnover ratio increased from 43.36 in 2023 to 49.39 in 2024. This ratio measures how efficiently the company is managing its inventory by comparing the cost of goods sold to the average inventory. The higher ratio in 2024 suggests improved efficiency in selling inventory more quickly, which is generally positive for cash flow management.

Trade Receivables Turnover Ratio:

The trade receivables turnover ratio saw a dramatic decline from 10.79 in 2023 to 0.42 in 2024. This ratio indicates how efficiently the company is collecting its receivables.

Net Capital Turnover Ratio:

The net capital turnover ratio improved from -46.32 in 2023 to -9.76 in 2024, though it remains negative. This ratio measures how effectively the company is using its working capital to generate revenue.

Net Profit Ratio:

The net profit ratio improved significantly, rising from -12.834% in 2023 to 0.01% in 2024. This ratio measures the net profit margin relative to sales, and a positive ratio indicates that the company has moved from a loss-making position to a break-even or slightly profitable one.

Return on Capital Employed (ROCE):

The return on capital employed (ROCE) improved from -7.15% in 2023 to 0.17% in 2024. ROCE measures the company 's ability to generate profit from its total capital employed (equity and debt). The negative ROCE in 2023 reflects poor returns and inefficient use of capital, likely due to operational losses.

Return on Investment (ROI):

The return on investment (ROI) also improved from -7.15% in 2023 to 0.17% in 2024, mirroring the ROE and ROCE. ROI measures the profitability relative to the total investment made in the business. The negative figure in 2023 suggests that the company was losing value on its investments.