Cupid Ltd

Cupid Ltd

₹ 80.2 0.82%
23 Mar 3:35 p.m.
About

Established in 1993, CUPID Limited is India's premier manufacturer of male and female condoms, personal lubricant, and IVD kits.[1]

Key Points

Products Offered[1]
The Co. manufactures male condoms, female condoms, water-based and brand male and female condoms, water-based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly, and other FMCG Products.

  • Market Cap 10,784 Cr.
  • Current Price 80.2
  • High / Low 105 / 10.0
  • Stock P/E 129
  • Book Value 2.84
  • Dividend Yield 0.00 %
  • ROCE 17.1 %
  • ROE 12.9 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 27.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
42 34 34 37 40 63 39 42 46 56 60 84 94
33 25 27 33 28 32 32 31 35 43 43 56 59
Operating Profit 9 9 7 4 12 31 7 10 11 13 16 28 34
OPM % 22% 25% 20% 12% 30% 49% 17% 25% 25% 24% 28% 34% 37%
0 0 0 0 1 3 5 6 4 5 5 6 11
Interest 0 0 0 0 0 1 0 1 0 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 8 8 6 4 12 32 11 14 14 16 20 32 43
Tax % 23% 25% 24% 32% 24% 26% 22% 29% 21% 28% 23% 25% 24%
6 6 4 2 9 24 8 10 11 12 15 24 33
EPS in Rs 0.05 0.04 0.03 0.02 0.07 0.18 0.06 0.07 0.08 0.09 0.11 0.18 0.24
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2024 Mar 2025 TTM
149 172 183 294
108 121 141 202
Operating Profit 41 51 42 93
OPM % 28% 30% 23% 31%
0 7 19 26
Interest 0 2 2 3
Depreciation 3 3 4 5
Profit before tax 38 53 55 111
Tax % 24% 24% 25%
29 40 41 83
EPS in Rs 0.22 0.30 0.30 0.62
Dividend Payout % 21% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 55%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 57%
Stock Price CAGR
10 Years: 40%
5 Years: 105%
3 Years: 219%
1 Year: 502%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2024 Mar 2025 Sep 2025
Equity Capital 13 13 27 27
Reserves 118 288 315 354
0 12 19 27
22 7 11 34
Total Liabilities 152 320 372 442
29 58 67 67
CWIP 1 0 6 9
Investments 48 147 103 13
74 114 196 353
Total Assets 152 320 372 442

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2024 Mar 2025
42 8 -11
-9 -80 45
-33 99 -1
Net Cash Flow 0 27 32

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2024 Mar 2025
Debtor Days 62 102 134
Inventory Days 100 184 450
Days Payable 73 1 13
Cash Conversion Cycle 89 285 570
Working Capital Days 200 123 210
ROCE % 17%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Dec 2026 (P)
Export Share of Revenue
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Installed Capacity - Male Condoms
Million Pieces ・Standalone data
Installed Capacity - Female Condoms
Million Pieces ・Standalone data
Production Volume - Female Condoms
Million Pieces ・Standalone data
Production Volume - Male Condoms
Million Pieces ・Standalone data
Retail Reach - FMCG Outlets
Number (Lakhs) ・Standalone data
IVD Test Kits Production Capacity
Lakh Kits per Day ・Standalone data
Order Book
INR Crores ・Standalone data

Shareholding Pattern

Numbers in percentages

73 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
45.06% 45.06% 45.06% 44.80% 44.80% 45.62% 42.51% 42.51% 42.51% 45.56% 45.56% 45.95%
0.45% 0.34% 0.45% 5.19% 5.97% 3.33% 3.14% 1.63% 0.95% 2.58% 1.48% 0.91%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.11% 0.35% 0.30% 0.08%
54.49% 54.60% 54.49% 50.00% 49.24% 51.05% 54.34% 55.75% 56.43% 51.51% 52.66% 53.06%
No. of Shareholders 26,43428,15425,58233,76195,6391,12,2361,16,3741,23,37999,81397,4831,45,8061,68,526

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls