Cupid Limited
₹324.55+₹4.05 (+1.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹11,780 Cr
- P/E
- 191.0x
- EV / EBITDA
- 202.9x
- Revenue
- ₹183 Cr
- Net margin
- 23.3%
- ROCE
- 16.3%
Price chart
Technical chartScreen technicals →+588.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +4.2%
- 3M
- +41.8%
- 6M
- +171.5%
- 1Y
- +588.8%
- 5Y
- +14,010.9%
52-week range
Day change +₹4.05 (+1.3%) from ₹321 to ₹325 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in CUPID, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong cash conversion — FCF/PAT ratio of 0.83
Concerns1
- Valuation elevated — PE of 191.0x is 131% above peer average of 82.8x
Rule-based from financial data. Not advice.
About the company
Cupid Limited designs, manufactures, markets, and exports male and female condoms in India.
Read moreShow less
Cupid Limited designs, manufactures, markets, and exports male and female condoms in India. The company offers water based lubricant jellies; in vitro diagnostic kits, including rapid diagnostic, viral transport medium, typhoid antibody, syphilis antibody, HIV 1 and 2 kit antibody, dengue IgG/IgM, malaria Pf-Pv and Pf-PAN antigen, hepatitis B (HbsAg) antigen, hepatitis C (HCV) antibody, pregnancy detection testing kit, LH ovulation testing kit, and dengue NS1 testing kit; and personal care products including deodorants, perfumes, toilet sanitizers, menstrual cups, petroleum jelly, hair and body oils, and hair removal sprays. It also exports its products to countries in Africa, Europe, Asia-Pacific, North America, Middle East, and South America. The company was formerly known as Cupid Condom Limited and changed its name to Cupid Limited in January 2006. The company was incorporated in 1993 and is based in Nashik, India.
- Sector
- Consumer Staples
- Shares outstanding
- 26.8 Cr shares
- ISIN
- INE509F01029
- BSE code
- 530843
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹11,780 Cr
- P/E
- 191.0x
- P/B
- 30.9x
- EV / EBITDA
- 202.9x
- EV / Sales
- 68.4x
- P/S
- 68.5x
- Earnings yield
- 0.5%
- 52-week high
- ₹366.05
- 52-week low
- ₹46.70
Profitability
- Operating margin
- 29.7%
- Net margin
- 23.3%
- EBITDA margin
- 33.7%
- ROE
- 13.3%
- ROCE
- 16.3%
- ROA
- 12.5%
- Dividend payout
- 0.0%
- Tax rate
- 24.0%
- Other income, % of PBT
- 13.2%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹183 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹58.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 26.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8.00 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -75.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹32.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 69.3%
Solvency and efficiency
- Current ratio
- 37.29
- Debt / Equity
- 0.04
- Debt / Assets
- 0.04
- Debt / EBITDA
- 0.21
- Interest coverage
- 25.50
- Financial leverage
- 1.06
- CFO / Net profit
- 0.20
- Cash / Market cap
- 1.0%
- Cash per share
- ₹4.25
- Asset turnover
- 0.54
- Fixed asset turnover
- 2.97
- Capital intensity
- 0.34
- Debtor days
- 102 days
- Inventory turnover
- 1.98
- Cash conversion cycle
- 285 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹22 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹141 Cr |
| Sales | Operating profit | ₹42 Cr |
| Operating profit | Interest | ₹2 Cr |
| Operating profit | Depreciation | ₹4 Cr |
| Operating profit | Profit before tax | ₹36 Cr |
| Other income | Profit before tax | ₹19 Cr |
| Profit before tax | Tax and other | ₹14 Cr |
| Profit before tax | Net profit | ₹41 Cr |
Revenue and net profit
Revenue grew 6.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹143 Cr | ₹29 Cr |
| FY2022 | ₹133 Cr | ₹17 Cr |
| FY2023 | ₹159 Cr | ₹32 Cr |
| FY2024 | ₹172 Cr | ₹40 Cr |
| FY2025 | ₹183 Cr | ₹41 Cr |
Cash flows
FY2025: -₹11.0 Cr from operations, ₹34.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹42 Cr | ₹33 Cr |
| FY2022 | ₹10 Cr | -₹3 Cr |
| FY2023 | ₹33 Cr | ₹11 Cr |
| FY2024 | ₹8 Cr | -₹72 Cr |
| FY2025 | -₹11 Cr | ₹34 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹183 Cr+6.4%1Y
- Net profit
- ₹41 Cr+2.5%1Y
- Cash from operations
- -₹11 Cr
- Free cash flow
- ₹34 Cr
- Revenue CAGR, 5Y
- 1.5%
- EBITDA CAGR, 5Y
- 1.1%
- Net profit CAGR, 5Y
- 0.0%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹183 Cr | ₹42 Cr | — | ₹41 Cr | -₹11 Cr | ₹34 Cr | 12.0% | +6.4% | +2.5% |
Monthly returns
Month-by-month returns of CUPID across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹372 Cr |
| Equity capital | ₹27 Cr |
| Reserves | ₹315 Cr |
| Borrowings | ₹19 Cr |
| Other liabilities | ₹11 Cr |
| Assets | ₹372 Cr |
| Fixed assets | ₹67 Cr |
| Capital work in progress | ₹6 Cr |
| Investments | ₹103 Cr |
| Other assets | ₹196 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
CUPID trades at 191.0x earnings against a peer median of 44.5x (a 329% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Cupid LimitedCUPIDthis companyP/E ↑ premium | ₹11,780 Cr | 191.0x | 30.9x | 13.3% | 202.9x |
| Zydus Wellness LimitedZYDUSWELL | ₹14,052 Cr | 413.0x | 3.5x | 0.8% | 275.0x |
| CCL Products (India) Ltd.CCL | ₹12,958 Cr | 70.8x | 10.2x | 8.5% | 62.2x |
| The Bombay Burmah Trading Corporation Ltd.BBTC | ₹12,667 Cr | 167.0x | 58.2x | -3.1% | 182.8x |
| Avanti Feeds ltd.AVANTIFEED | ₹11,080 Cr | 19.3x | 4.3x | 15.5% | 24.6x |
| Godrej Agrovet LimitedGODREJAGRO | ₹10,751 Cr | 18.5x | 4.0x | 15.8% | 17.0x |
| Tilaknagar Industries LtdTI | ₹10,605 Cr | 38.8x | 4.4x | 22.0% | 52.5x |
| Balrampur Chini Mills Ltd.BALRAMCHIN | ₹8,571 Cr | 23.0x | 2.3x | 13.2% | 11.6x |
| KRBL Ltd.KRBL | ₹8,295 Cr | 13.6x | 1.5x | 12.3% | 8.7x |
| Peer median | — | 44.5x | 7.0x | 14.2% | 25.9x |
Year-to-date ROI
CUPID since 1 January, against earlier years.
Historical volatility
CUPID's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 25.0% |
| FY2022 | 17.0% |
| FY2023 | 26.0% |
| FY2024 | 30.0% |
| FY2025 | 23.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹183 Cr |
| Costs | |
| Interest | ₹2 Cr |
| Expenses | ₹141 Cr |
| Operating profitOperating Profit | ₹42 Cr |
| Other income and charges | |
| Profit before tax | ₹55 Cr |
| Tax | |
| Net profitNet Profit | ₹41 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹372 Cr |
| Equity capitalEquity Capital | ₹27 Cr |
| Reserves | ₹315 Cr |
| Borrowings | ₹19 Cr |
| Other liabilitiesOther Liabilities | ₹11 Cr |
| AssetsTotal Assets | ₹372 Cr |
| Fixed assetsFixed Assets | ₹67 Cr |
| Capital work in progressCWIP | ₹6 Cr |
| Investments | ₹103 Cr |
| Other assetsOther Assets | ₹196 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹11 Cr |
| Investing cash flowCash from Investing Activity | ₹45 Cr |
| Financing cash flowCash from Financing Activity | -₹1 Cr |
| Change in cashNet Cash Flow | ₹32 Cr |
Learn while you research
Academy chapters picked for Cupid Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 191.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read