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 ₹ 26,737 Cr.
- Current Price ₹ 199
- High / Low ₹ 200 / 21.3
- Stock P/E 247
- Book Value ₹ 3.35
- Dividend Yield 0.00 %
- ROCE 33.5 %
- ROE 27.3 %
- 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 59.3 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 | |
|---|---|---|---|---|
| 149 | 172 | 183 | 358 | |
| 108 | 121 | 141 | 241 | |
| Operating Profit | 41 | 51 | 42 | 117 |
| OPM % | 28% | 30% | 23% | 33% |
| 0 | 7 | 19 | 34 | |
| Interest | 0 | 2 | 2 | 3 |
| Depreciation | 3 | 3 | 4 | 5 |
| Profit before tax | 38 | 53 | 55 | 142 |
| Tax % | 24% | 24% | 25% | 24% |
| 29 | 40 | 41 | 108 | |
| EPS in Rs | 0.22 | 0.30 | 0.30 | 0.80 |
| Dividend Payout % | 21% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | % |
| TTM: | 95% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | % |
| TTM: | 161% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 55% |
| 5 Years: | 141% |
| 3 Years: | 332% |
| 1 Year: | 814% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 27% |
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% | 67% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 62 | 102 | 134 | 103 |
| Inventory Days | 100 | 184 | 450 | 173 |
| Days Payable | 73 | 1 | 13 | 75 |
| Cash Conversion Cycle | 89 | 285 | 570 | 200 |
| Working Capital Days | 200 | 123 | 210 | 119 |
| ROCE % | 17% | 33% |
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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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Jun - Q1 FY27 revenue seen above ₹150 Cr; FY27 guidance raised to ₹660+ Cr, with Palava facility due next quarter.
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Closure of Trading Window
25 Jun - Trading window closed from 1 July 2026 until 48 hours after Q1 FY27 results.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 3 Jun
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Intimation Of Disclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011
3 Jun - Promoter Aditya Kumar Halwasiya acquired 21,00,000 shares in open market on June 3, 2026.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 3 Jun
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2026TranscriptAI SummaryPPT
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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.