Cupid Ltd
Established in 1993, CUPID Limited is India's premier manufacturer of male and female condoms, personal lubricant, and IVD kits.[1]
- Market Cap ₹ 38,719 Cr.
- Current Price ₹ 288
- High / Low ₹ 299 / 41.8
- Stock P/E 282
- Book Value ₹ 3.35
- Dividend Yield 0.00 %
- ROCE 33.9 %
- ROE 27.6 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 151 days to 119 days
Cons
- Stock is trading at 85.9 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 149 | 172 | 183 | 358 | 453 | |
| 108 | 121 | 141 | 239 | 292 | |
| Operating Profit | 41 | 51 | 42 | 119 | 160 |
| OPM % | 28% | 30% | 23% | 33% | 35% |
| 0 | 7 | 19 | 32 | 31 | |
| Interest | 0 | 2 | 2 | 3 | 3 |
| Depreciation | 3 | 3 | 4 | 5 | 5 |
| Profit before tax | 38 | 53 | 55 | 142 | 183 |
| Tax % | 24% | 24% | 25% | 24% | |
| 29 | 40 | 41 | 108 | 137 | |
| EPS in Rs | 0.22 | 0.30 | 0.30 | 0.80 | 1.02 |
| Dividend Payout % | 21% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | % |
| TTM: | 122% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | % |
| TTM: | 188% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 61% |
| 5 Years: | 163% |
| 3 Years: | 313% |
| 1 Year: | 555% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 13 | 13 | 27 | 134 |
| Reserves | 118 | 288 | 315 | 316 |
| 0 | 12 | 19 | 56 | |
| 22 | 7 | 11 | 46 | |
| Total Liabilities | 152 | 320 | 372 | 553 |
| 29 | 58 | 67 | 67 | |
| CWIP | 1 | 0 | 6 | 25 |
| Investments | 48 | 147 | 103 | 75 |
| 74 | 114 | 196 | 386 | |
| Total Assets | 152 | 320 | 372 | 553 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 42 | 8 | -11 | 46 | |
| -9 | -80 | 45 | 28 | |
| -33 | 99 | -1 | 35 | |
| Net Cash Flow | 0 | 27 | 32 | 110 |
| Free Cash Flow | 38 | -17 | -31 | 21 |
| CFO/OP | 125% | 41% | 5% | 66% |
Ratios
Consolidated / View Standalone
| Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 62 | 102 | 134 | 103 |
| Inventory Days | 100 | 184 | 450 | 350 |
| Days Payable | 73 | 1 | 13 | 153 |
| Cash Conversion Cycle | 89 | 285 | 570 | 301 |
| Working Capital Days | 200 | 123 | 210 | 119 |
| ROCE % | 17% | 34% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity - Female Condoms Mn pieces/year |
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| Installed Capacity - Male Condoms Mn pieces/year |
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| Number of Export Countries countries |
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| Sale Volume - Female Condoms Mn pieces |
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| Sale Volume - Male Condoms Mn pieces |
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| Number of Distributors distributors |
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| Order Book Rs Cr |
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| Retail Touchpoints outlets |
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Extracted by Screener AI
Documents
Announcements
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
- Aditya Kumar Halwasiya acquired 5,90,304 Cupid shares on 28 Sep 2026, raising holding to 34.71%.
- Closure of Trading Window
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Intimation Of Disclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011
- Promoter Aditya Kumar Halwasiya acquired 5,90,304 shares on September 28, 2026, raising holding to 34.71%.
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Announcement under Regulation 30 (LODR)-Acquisition
- Cupid approves conversion of up to 30 lakh Baazar Style warrants for Rs73.86 crore.
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Intimation Of Disclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011
- Promoter Aditya Kumar Halwasiya bought 1,62,938 Cupid shares in open market on 25 September 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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May 2026PPT
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Apr 2026PPT
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Jan 2026PPT
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Aug 2025PPT
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May 2025PPT
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Aug 2024PPT
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Apr 2024PPT
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Jan 2024Transcript PPT
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Nov 2023Transcript REC
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Aug 2023Transcript
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Jun 2023Transcript PPT
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Feb 2023Transcript
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Nov 2022Transcript PPT
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Aug 2022Transcript
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Jun 2022Transcript
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Feb 2022Transcript
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Nov 2021Transcript PPT
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Aug 2021Transcript
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Jun 2021Transcript
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Feb 2021Transcript
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Nov 2020Transcript
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Sep 2020Transcript
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Jul 2020Transcript
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Jan 2020Transcript
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Nov 2019Transcript
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Jul 2019Transcript
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Jun 2019Transcript
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Feb 2019Transcript
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Nov 2018Transcript
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Aug 2018Transcript
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Feb 2018PPT
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Nov 2017Transcript
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Jul 2017Transcript
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May 2017Transcript
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Nov 2016Transcript
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Jul 2016Transcript
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May 2016Transcript PPT
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.