Atlas Cycle Annual Reports, Balance Sheet and Financials

Atlas Cycles Haryana Limited STANDALONE Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Non - current assets
Property, plant and equipment	42,460.63	42,702.88
Investments	0.79	0.79
Deferred tax assets (net)	2,709.01	2,709.01
Other non - current assets	331.40	338.80
Current assets
Inventories	201.11	382.80
Trade receivables	317.54	266.99
Cash and cash equivalents	81.94	26.78
Bank balance other than cash and cash equivalent	-	16.80
Loans	1,413.76	1,417.24
Other financial assets	100.46	102.72
Other current assets	265.78	259.99
Total Assets	47,882.41	48,224.80
Equity
Equity share capital	325.19	325.19
Other equity	38,429.70	37,478.45
Non - current liabilities
Borrowings	900.00	900.00
Other financial liabilities	1,765.90	811.18
Provisions	29.88	29.88
Current liabilities
Trade Payables	5,103.73	6,181.67
Other Current Liabilities	281.68	303.04
Provisions	1,046.33	2,185.46
Current Tax Liabilities	-	9.93
Total Equity & Liabilities	47,882.41	48,224.80

 

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

Particulars	31-03-2025	31-03-2024
Income
Revenue from operations	1,713.96	635.82
Other income	1,165.83	4,949.69
Total income	2,879.79	5,585.51
Expenses
Cost of material consumed	915.41	1,023.98
Change in Inventories of Finished Goods, WIP and stock in trade	173.56	263.23
Employee benefits expenses	227.34	268.07
Finance costs	11.81	3.63
Depreciation and amortization expenses	175.93	216.45
Other expenses	424.49	3,734.46
Total expenses	1,928.53	5,509.85
Profit / (loss) before tax	951.26	75.66
CurrentTax	-	-9.93
Profit / (loss) for the Year from continuing operations	951.26	53.75
Total comprehensive income for the year	951.26	53.75
Earnings per equity share
Basic	14.63	0.83
Diluted	14.63	0.83

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

Particulars	31-03-2025	31-03-2024
Cash Flow from Operating Activitites
Profit before exceptional items and tax as per statement of profit and loss	951.26	53.75
Adjustments for:
Depreciation & Amortisation	175.93	216.45
(Gain)/Loss on disposal of property, plant & equipment	(63.19)	(4,920.79)
Profit on Sale of Current Investments	-	-
Provision for Bad Debts	-	1766.08
Liability / Provisions no longer required written back	-	(21.29)
Interest Income	(2.44)	(4.61)
Finance costs	11.81	3.63
Operating Profit before Working Capital Changes		(2,906.79)
Working capital adjustments:
Decrease/ (Increase) in trade and other receivables	(50.55)	(164.18)
Decrease/ (Increase) in Inventories	181.69	752.86
Decrease/ (Increase) in Other Non Current Financial Assets	0.00	14.06
Decrease/ (Increase) in Other Non Current Assets	7.40	1339.48
Decrease/ (Increase) in Current Loans	3.48	197.13
Decrease/ (Increase) in Other Current Assets	(5.79)	(23.68)
Decrease/ (Increase) in Other Current Financial Assets	2.26	7.26
Decrease/ (Increase) in Bank Balances other than cash equivalents	16.80	0.00
Increase/ (decrease) Other Non-Current Financial Liabilities	954.72	(2.70)
Increase/ (decrease) in Non Current Provisions	-	-
Increase/ (decrease) in trade and other payables	(1077.94)	(4182.96)
Increase/ (decrease) in Other Current Liabilities	(21.35)	(60.86)
Increase/ (decrease) in Provisions	(1139.14)	(121.73)
Cash generated from operations	(55.05)	(5129.81)
Income tax paid	(9.93)	9.93
Net cash flows generated from (used in) operating activities after exceptional items	(64.98)	(5119.88)
Cash Flow from Investing Activitites
Purchase of property, plant & equipment, including CWIP and capital advances	(19.91)	(0.80)
Sale, plant & equipment, including CWIP and capital advances	149.42	162.67
Sale/(Purchase) of Investment/Provision for investment	0.00	31.20
Interest Received	2.44	4.61
Net cash flows generated from (used in) investing activities	131.95	197.69
Cash Flow from Financing Activitites
Interest Paid	(11.81)	(3.63)
Net cash flows generated from (used in) financing activities	(11.81)	(3.63)
Net increase (decrease) in cash and cash equivalents	55.16	(8.61)
Cash and cash equivalents at the beginning of the year	26.78	35.80
Cash and cash equivalents at year end	81.94	26.77

 

Cash Flow Analysis of ATLAS CYCLES (HARYANA) LIMITED

1. Cash Flow from Operating Activities

* Profit before exceptional items and tax increased significantly to ₹951.26 lakh in 2025 from ₹53.75 lakh in 2024, indicating improvement in reported profitability.

• * Non-cash adjustments include depreciation of ₹175.93 lakh and finance cost of ₹11.81 lakh, while interest income remained minimal.

  * A major negative impact in 2024 came from loss on disposal of assets (₹4,920.79 lakh) and bad debt provisions, which affected operating cash flows.

• * Working capital changes show mixed movement:

  • 1. Inventory reduction supported cash generation.
    2. Increase in receivables and decline in payables reduced liquidity.

• * Cash generated from operations remained negative at ₹(55.05) lakh in 2025 and ₹(5,129.81) lakh in 2024, reflecting operational stress.

  * Net cash used in operating activities stood at ₹(64.98) lakh, though substantially improved compared to the previous year’s large outflow.

  Interpretation:
  Operational performance improved year-on-year, but the company is still not generating positive cash from core business operations, indicating efficiency and working capital management challenges.

  2. Cash Flow from Investing Activities

  • * Purchase of property, plant & equipment was limited (₹19.91 lakh), indicating restrained capital expenditure.

    * Cash inflow mainly came from sale of fixed assets (₹149.42 lakh) and interest received.

    * Net investing cash inflow stood at ₹131.95 lakh in 2025 versus ₹197.69 lakh in 2024.

    Interpretation:
    The company is generating liquidity by selling assets rather than investing for expansion, suggesting a conservative or restructuring phase.

    3. Cash Flow from Financing Activities

    * Financing cash flow reflects only interest payment of ₹11.81 lakh, resulting in a net outflow.

    Interpretation:
    Limited financing activity indicates low dependence on borrowings, but also minimal fresh funding for growth.

    4. Net Change in Cash Position

    • * Net increase in cash and cash equivalents was ₹55.16 lakh in 2025, compared to a decline in the previous year. 

      * Closing cash balance improved to ₹81.94 lakh, up from ₹26.77 lakh.

      Interpretation:
      The overall liquidity position strengthened mainly due to investing inflows and controlled financing outflows rather than operational efficiency.

      5. Overall Conclusion

      • * The company shows improvement in profitability and cash balance during 2025.

      • * However, core operating cash flow remains negative, indicating underlying business inefficiencies.

      • * Asset sales are currently supporting liquidity, which may not be sustainable long term.

      • * Focus should be on improving operational cash generation, receivable management, and cost control for long-term financial stability.

Financial Ratios of Atlas Cycles Haryana Limited

Particulars	2025	2024
Debt Equity ratio	2.77	2.77
Return on equity ratio	2.93	0.17
Inventory turnover ratio	157.39	49.39
Trade receivables turnover ratio	0.19	0.42
Trade payables turnover ratio	9.20	N/A
Net capital turnover ratio	-2.36	-9.76
Net profit ratio	0.33	0.01
Return on capital employed	2.93	0.17
Return on investment	2.93	0.17

 

Ratio-wise Analysis & Interpretation – ATLAS CYCLES (HARYANA) LIMITED

1.Debt–Equity Ratio (2.77 in 2025 vs 2.77 in 2024)
The ratio remains unchanged, indicating the company continues to rely significantly on borrowed funds. A high leverage position suggests financial risk but also shows dependence on external financing for operations and growth.

2.Return on Equity – ROE (2.93 vs 0.17)

A sharp improvement in 2025 reflects better profitability for shareholders. The company has significantly enhanced its ability to generate returns from equity compared to the previous year.

3.Inventory Turnover Ratio (157.39 vs 49.39)

The substantial rise indicates very fast inventory movement and improved sales efficiency. It suggests better stock management and reduced holding costs.

4.Trade Receivables Turnover Ratio (0.19 vs 0.42)

The decline indicates slower recovery from customers. This may point to weaker credit control or delayed collections, affecting liquidity.

5.Trade Payables Turnover Ratio (9.20 vs N/A)

The company appears to be paying suppliers more frequently in 2025. This reflects active settlement of obligations, though it may also reduce short-term liquidity if payments are too quick.

6.Net Capital Turnover Ratio (-2.36 vs -9.76)

Though still negative, the improvement indicates better utilization of working capital. The company is gradually stabilizing operations but inefficiencies still persist.

7.Net Profit Ratio (0.33 vs 0.01)

Profitability has improved significantly in 2025. The company has enhanced its cost control and revenue generation, resulting in better margins.

8.Return on Capital Employed – ROCE (2.93 vs 0.17)

The notable rise indicates improved efficiency in using overall capital. Management is generating better returns from both equity and debt funds.

9.Return on Investment – ROI (2.93 vs 0.17)

Similar improvement shows higher returns on invested funds, reflecting improved operational performance and financial management.

Overall Interpretation:
The company shows strong improvement in profitability and capital efficiency in 2025. Inventory management and returns have strengthened, but receivable collection and high leverage remain key concerns. Continued focus on debt management and credit recovery will be essential for sustainable financial stability.