52-week range
Price risk
Balance sheet & cash
Was the rally earned?
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 114.5x to 89.2x); per-share earnings added 0 points.
- The share count barely moved.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
Is it expensive against its own past and its peers?
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dashed line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
What is the price implying?
At a P/E of 89.2x, the price would imply about 33.9%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Earnings figures have not updated recently, so the company is left out of the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Consumer Durables The market-wide Expectations lists
What changed?
- Mar '26Fell 55% from the Jan 2025 peak to the Mar 2026 low.
- Dec '25Moved into the 3rd quartile of Consumer Durables on EPS growth (from the bottom quartile).
- Jan '25Regained the 2019-03 peak, 46 months after the low.
- Dec '24EPS (TTM) turned positive.
- Jun '21EPS (TTM) turned negative.
- Mar '21Fell 72% from the Mar 2019 peak to the Mar 2021 low.
- Feb '21Debt / equity halved over 12 months to 0.17x.
- Jul '20Debt / equity halved over 12 months to 0.17x.
Show 3 earlier events
- Jun '20EPS (TTM) turned positive.
- Jun '20Debt / equity fell below 1.0x (0.17x).
- Jun '19Debt / equity rose above 1.0x (1.17x).
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Are profits backed by cash?
1 of 4 checks are within range, 3 beyond a threshold.
Tap a check to see how it is measured.
Other income reliance300%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 300.0%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate1%Beyond threshold
Median quarterly effective tax rate over about 2.5 years: 1.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow1 of 5 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress0% of fixed assetsWithin range
Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, institutional and promoter holdings were broadly unchanged.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-71.6% (2019-03 peak to 2021-03 low, recovered 2025-01)
-55.4% (2025-01 peak to 2026-03 low, not yet recovered)
Where does it rank among Consumer Durables peers?
Each cell is the company's percentile rank among its Consumer Durables peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Consumer Durables sector page Watch it move against Consumer Durables in the Observatory
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like ATLAS CYCLES (HARYANA) LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −25% to +39% vs the market, against −2% for all non-financial companies in the same months.
- The gap against the base rate (+0.2%, 80% range −6.3% to +7.9%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 3 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 33 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| TAINWALCHM Process Industries |
Jun 2022 | 183x | -3% | −4% | −37% | +39% |
| KHANDSE Finance |
May 2020 | 63x | -5% | −31% | — | −2% |
| MAHAPEXLTD Finance |
Oct 2022 | 103x | 0% | −1% | −22% | +40% |
| MAANALU Non-Energy Minerals |
Sep 2022 | 291x | — | +33% | −15% | +81% |
| SINCLAIR Consumer Services |
Jun 2025 | 201x | — | −20% | −31% | −18% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and volatility. Not used (unavailable for this company): interest cover. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
Monthly history (93 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | 89.2x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2026-09 | 94.5x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2026-08 | 96.5x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2026-07 | 99.3x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2026-06 | 100.4x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2026-05 | 100.3x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2026-04 | 101.6x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2026-03 | 77.9x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2026-02 | 92.0x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2026-01 | 94.6x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-12 | 104.8x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-11 | 98.9x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-10 | 114.5x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-09 | 118.4x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-08 | 135.4x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-07 | 129.3x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-06 | 132.5x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-05 | 160.9x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-04 | 82.6x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-03 | 94.1x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-02 | 103.2x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2025-01 | 154.7x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2024-12 | 73.7x | ₹6 cr | 0.2% | -26.6% | 0.0x |
| 2024-11 | — | — | — | — | — |
| 2024-10 | — | — | — | — | — |
| 2024-09 | — | — | — | — | — |
| 2024-08 | — | — | — | — | — |
| 2024-07 | — | — | — | — | — |
| 2024-06 | — | — | — | — | — |
| 2024-05 | — | — | — | — | — |
| 2024-04 | — | — | — | — | — |
| 2024-03 | — | — | — | — | — |
| 2024-02 | — | — | — | — | — |
| 2024-01 | — | — | — | — | — |
| 2023-12 | — | — | — | — | — |
| 2023-11 | — | — | — | — | — |
| 2023-10 | — | — | — | — | — |
| 2023-09 | — | — | — | — | — |
| 2023-08 | — | — | — | — | — |
| 2023-07 | — | — | — | — | — |
| 2023-06 | — | — | — | — | — |
| 2023-05 | — | — | — | — | — |
| 2023-04 | — | — | — | — | — |
| 2023-03 | — | — | — | — | — |
| 2023-02 | — | — | — | — | — |
| 2023-01 | — | — | — | — | — |
| 2022-12 | — | — | — | — | — |
| 2022-11 | — | — | — | — | — |
| 2022-10 | — | — | — | — | — |
| 2022-09 | — | — | — | — | — |
| 2022-08 | — | — | — | — | — |
| 2022-07 | — | — | — | — | — |
| 2022-06 | — | — | — | — | — |
| 2022-05 | — | — | — | — | — |
| 2022-04 | — | — | — | — | — |
| 2022-03 | — | — | — | — | — |
| 2022-02 | — | — | — | — | — |
| 2022-01 | — | — | — | — | — |
| 2021-12 | — | — | — | — | — |
| 2021-11 | — | — | — | — | — |
| 2021-10 | — | — | — | — | — |
| 2021-09 | — | — | — | — | — |
| 2021-08 | — | ₹17 cr | -180.9% | -76.0% | 0.5x |
| 2021-07 | — | ₹17 cr | -180.9% | -76.0% | 0.5x |
| 2021-06 | — | ₹17 cr | -180.9% | -76.0% | 0.5x |
| 2021-05 | 5.9x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2021-04 | 5.5x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2021-03 | 5.4x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2021-02 | 7.0x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2021-01 | 8.1x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2020-12 | 8.3x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2020-11 | 7.9x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2020-10 | 8.5x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2020-09 | 9.4x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2020-08 | 10.0x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2020-07 | 9.7x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2020-06 | 8.6x | ₹156 cr | 5.7% | -39.3% | 0.2x |
| 2020-05 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2020-04 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2020-03 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2020-02 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2020-01 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2019-12 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2019-11 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2019-10 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2019-09 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2019-08 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2019-07 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2019-06 | — | ₹538 cr | -88.8% | -33.1% | 1.2x |
| 2019-05 | — | ₹650 cr | -1.7% | 3.6% | 0.5x |
| 2019-04 | — | ₹650 cr | -1.7% | 3.6% | 0.5x |
| 2019-03 | — | ₹650 cr | -1.7% | 3.6% | 0.5x |
| 2019-02 | — | ₹650 cr | -1.7% | 3.6% | 0.5x |