Ride A Multibagger - Atlas Cycle (Haryana) Ltd, BSE Code - 505029
Market Price: 450/-
(as on Friday, 06/01/2017)
Atlas Cycle (Haryana) Ltd has been in the bicycles business. It has been producing cycles through its subsidiaries. After incurring Rs 18.95 crore net loss in 2014-15, it could substantially reduce the figure to Rs 3.95 crore in 2015-16. It made 21,45,411 units in 2015-16.
The ‘Ultimate’ branded cycles it introduced to the market are getting good response from the consumers. It launched the Magnum Series ultra-premium alloy bicycles. More than 50 countries have been importing Atlas cycles. The company is going to launch various models of fancy cycles, and an e-bike. As part of business restructuring, it recently closed the loss making Malnpur factory.
The company earned a net profit of Rs 3.65 crore in the Q2 FY17, as against the net loss of Rs 1.17 crore in the corresponding period a year-ago. Coming to the half yearly results, the company overcome the net loss of Rs 4.27 crore incurred in the first half of 2015-16 and earned a net profit of Rs 4.89 crore in the current year’s first half, and achieved Rs 15 EPS on a Rs 10 (FV) share. As on September 30, 2016, the Book Value stood at is Rs 305 per share.
The promoters are controlling 43.93% in the minute equity capital of Rs 3.25 crore. The stock shall become a multibagger.