Royal Enfield was a brand name under which The Enfield

Cycle Company
Limited of Redditch, Worcestershire[1] sold motorcycles, bi
cycles, lawnmowers and stationary engines which they had
manufactured. Enfield Cycle Company also used the brand
name Enfield without Royal.

The Enfield Cycle Company Limited

Former Public Listed Company

type
Industry Motorcycles, bicycles, lawnmowers,
cars

Fate Defunct

Founded 1901

Founder Albert Eadie and Robert Walker

Smith

Defunct 1971

Headquarters Redditch, Worcestershire

Key people • Albert Eadie

• Robert Walker Smith
• Frank Walker Smith
 Products Royal Enfield Clipper,
Crusader, Bullet,
Interceptor, WD/RE, Super Meteor

Website (none)
The first Royal Enfield motorcycle was built in 1901. The
Enfield Cycle Company is responsible for the design and
original production of the Royal Enfield Bullet, the longest-
lived motorcycle design in history.
Enfield's remaining motorcycle business became part
of Norton Villiers in 1967 with the business closing in 1978.

History
George Townsend set up a business in 1851 in Redditch
making sewing needles. In 1882 his son, also named George,
started making components for cycle manufacturers
including saddles and forks. By 1886 complete bicycles were
being sold under the names Townsend and Ecossais. This
business suffered a financial collapse in 1891. Albert Eadie,
sales manager of Birmingham's Perry & Co Ltd, pen makers
who had begun to supply components for cycles, and Robert
Walker Smith, an engineer from D. Rudge & Co[4], were
chosen by Townsend's bankers to run the business. Then, in
1892, the firm was re-incorporated and named Eadie
Manufacturing Company Limited; it was based in Snow Hill,
Birmingham. Later, in 1907, after serious losses from their
newly floated Enfield Autocar business, Eadie Manufacturing
and its pedal-cycle component business was absorbed
by Birmingham Small Arms Company (BSA). Years later, the
BSA chairman was to tell shareholders that the acquisition
had "done wonders for the cycle department".[8] Eadie still
retained a separate identity when Raleigh bought BSA's
cycle interests in 1957.

Share of "The New Enfield Cycle Company", issued 11.

January 1897
Eadie had won contracts to supply precision parts for fire
arms to the government's long-established Royal Small Arms
Factory at Enfield, Middlesex, now the London Borough of
Enfield with its offshoot in Sparkbrook and had assumed the
brand name Royal Enfield.[citation needed] In 1896 they also
incorporated a new subsidiary company, The New Enfield
Cycle Company Limited,[note 1] to handle much of the cycle
work and in 1897 Enfield making complete cycles as well
parts for other assemblers took all the cycle assembly work
from Eadie.
Enfield diversified into motor cycles, 1901 and motor cars,
1902. The motor department was put into a separate
subsidiary, Enfield Autocar Company Limited incorporated
Profits and loss Account of Royal Enfield
19,149.95 -50.25 (-0.26%)

* in (Rs. cr.)

March 2019 March 2018

Sales Turnover 9,794.48 9,211.81

Excise Duty 0.00 254.30

Net Sales 9,794.48 8,957.51

Other Income 489.61 19.31

Stock Adjustments 198.46 31.47

Total Income 10,482.55 9,008.29

Raw Materials 5,430.74 4,819.67

Power and Fuel Cost 66.89 52.37

Employee Cost 679.53 547.86

Other Manufacturing
0.00 0.00
Expenses

Selling and Admin

26.11 11.84
Expenses

Miscellaneous Expenses 845.29 704.04

Preoperative Exp
0.00 0.00
Capitalised

Total Expenses 7,048.56 6,135.78

Operating Profit 2,944.38 2,853.20

PBDIT 3,433.99 2,872.51

Interest 2.99 3.04

PBDT 3,431.00 2,869.47

Depreciation 298.93 222.34

Other Written Off 0.00 0.00

Profit Before Tax 3,132.07 2,647.13

Extra-ordinary items 0.00 0.00

PBT (Post Extra-ord

3,132.07 2,647.13
Items)

Tax 1,078.54 935.36

Reported Net Profit 2,054.44 1,712.91

Total Value Addition 1,617.82 1,316.11

Preference Dividend 0.00 0.00

Equity Dividend 299.93 317.12

Corporate Dividend Tax 48.23 0.00

Shares in issue (lakhs) 272.83 272.56

Earning Per Share (Rs) 753.02 628.46

Equity Dividend (%) 1,250.00 1,100.00

Book Value (Rs) 2,612.09 1,971.06

Balance Sheet of Royal Enfield

Total Share Capital 27.28 27.26

Equity Share Capital 27.28 27.26

Share Application Money 0.00 0.00

Preference Share Capital 0.00 0.00

Reserves 7,099.17 5,344.97

Revaluation Reserves 0.00 0.00

Networth 7,126.45 5,372.23

Secured Loans 0.00 0.00

Unsecured Loans 76.38 85.98

Total Debt 76.38 85.98

Total Liabilities 7,202.83 5,458.21

Gross Block 2,685.30 2,088.60

Less: Accum. Depreciation 814.49 591.32

Net Block 1,870.81 1,497.28

Capital Work in Progress 449.74 333.21

Investments 3,046.53 3,865.99

Inventories 605.34 379.23

Sundry Debtors 112.65 78.02

Cash and Bank Balance 2,940.07 1,208.82

Total Current Assets 3,658.06 1,666.07

Loans and Advances 452.27 432.12

Fixed Deposits 0.00 0.00

Total CA, Loans and Advances 4,110.33 2,098.19

Deffered Credit 0.00 0.00

Current Liabilities 2,193.93 2,260.13

Provisions 80.65 76.33

Total CL and Provisions 2,274.58 2,336.46

Net Current Assets 1,835.75 -238.27

Miscellaneous Expenses 0.00 0.00

Total Assets 7,202.83 5,458.21

Contingent Liabilities 606.99 456.72

Book Value (Rs) 2,612.09 1,97