Cupid

₹100.4 -1.9 | 1.9%

WEBSITE BSE:530843 NSE : CUPID LTD 10 May, 16:01

Market Cap ₹2695 Cr.

Stock P/E 144.8

P/B 12.3

Current Price ₹100.4

Book Value ₹ 8.1

Face Value 1

52W High ₹269.8

Dividend Yield 0.5%

52W Low ₹ 12

Edit Ratio

Cupid Research see more...

Overview Inc. Year: 1993Industry: Household & Personal Products

Cupid Ltd is engaged inside the business of commercial enterprise of dealing, advertising and manufacture of rubber contraceptives and allied prophylactic merchandise. The Company offers Rubber Prophylactics. The Company manufactures male and woman condoms. It additionally provides water based lubricant jellies. The Company's services consist of settlement manufacturing, and studies and improvement. Its agreement manufactured variety of condoms consist of Playboy Condoms and Trust Condoms. It offers male condoms in diverse flavours, which include Natural Plain, Banana, Strawberry, Chocolate, Apple, Pineapple, Grapes, Rose, Jasmine, Mint, Whisky, Pan, Bubblegum and Vanilla. It offers Cupid Super Dotted Condom and Cupid Multi-Textured Condom. The Company offers diverse flavours, coloration, lubricants and Silicone Based lubricants in all its male condoms variety. The Company's woman condoms are available in pink and natural shades with or without flavours. It additionally develops production and testing device for speciality products.

Cupid Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Cupid Quarterly Results

#(Fig in Cr.)	Mar 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	42	31	31	45	42	41	35	34	40	63
Other Income	0	1	0	1	1	2	0	2	1	3
Total Income	42	32	31	46	43	43	35	36	41	66
Total Expenditure	33	25	25	33	29	31	32	29	28	32
Operating Profit	9	8	6	13	14	13	3	7	13	34
Interest	0	0	0	0	0	1	0	0	0	1
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	8	7	6	12	13	11	2	6	12	32
Provision for Tax	2	3	1	4	3	3	0	1	3	8
Profit After Tax	6	4	5	9	10	8	2	5	9	24
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	6	4	5	9	10	8	2	5	9	24
Adjusted Earnings Per Share	0.2	0.2	0.2	0.3	0.4	0.3	0.1	0.2	0.3	0.1

Cupid Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	28	20	44	61	84	81	85	160	144	133	159	172
Other Income	1	0	2	2	1	1	2	3	5	4	5	6
Total Income	29	20	46	63	84	82	88	164	149	137	164	178
Total Expenditure	26	18	33	36	50	53	65	108	108	110	118	121
Operating Profit	3	2	14	27	35	28	23	56	41	27	46	57
Interest	0	0	0	0	0	0	0	1	0	0	1	1
Depreciation	1	2	2	2	2	2	2	2	3	3	3	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	0	11	25	32	26	21	53	38	25	42	52
Provision for Tax	1	0	4	9	12	9	6	13	9	7	11	12
Profit After Tax	1	0	8	16	21	17	15	40	29	17	32	40
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	0	8	16	21	17	15	40	29	17	32	40
Adjusted Earnings Per Share	0	0	0.3	0.6	0.8	0.6	0.6	1.5	1.1	0.6	1.2	0.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	-0%	14%	19%
Operating Profit CAGR	70%	-6%	10%	31%
PAT CAGR	88%	-7%	13%	41%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	664%	102%	75%	71%
ROE Average	20%	19%	25%	27%
ROCE Average	27%	24%	30%	37%

Cupid Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	19	19	24	36	54	66	76	103	131	142	167
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	1	1	2	2	2	2	2	2	1	1	2
Total Current Liabilities	5	7	9	12	7	10	15	59	21	31	20
Total Liabilities	25	27	35	51	63	78	93	165	152	174	189
Fixed Assets	17	16	16	16	16	16	21	26	29	31	36
Other Non-Current Assets	1	0	0	0	2	1	1	3	1	6	0
Total Current Assets	7	10	19	35	45	61	71	135	122	138	153
Total Assets	25	27	35	51	63	78	93	165	152	174	189

Cupid Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0	3	1	12	3	3	1	1	0
Cash Flow from Operating Activities	2	-0	7	13	20	3	18	19	42	10	33
Cash Flow from Investing Activities	-2	-0	-1	-1	-5	-9	-14	-37	-9	-13	-22
Cash Flow from Financing Activities	-0	1	-3	-6	-4	-3	-5	16	-33	3	-11
Net Cash Inflow / Outflow	0	0	3	6	11	-9	-0	-2	0	-1	-0
Closing Cash & Cash Equivalent	0	0	3	9	12	3	3	1	1	0	0

Cupid Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.03	0	0.29	0.6	0.77	0.64	0.57	1.49	1.09	0.65	1.18
CEPS(Rs)	0.09	0.06	0.36	0.67	0.85	0.72	0.65	1.59	1.18	0.75	1.3
DPS(Rs)	0	0	0.15	0.3	0.4	0.45	0.4	0.45	0.45	0.45	0.5
Book NAV/Share(Rs)	0.7	0.7	0.91	1.35	2.02	2.46	2.85	3.88	4.91	5.33	6.23
Core EBITDA Margin(%)	8.91	8.18	26.5	41.4	40.45	33.68	24.06	32.45	24.95	17.32	25.93
EBIT Margin(%)	6.54	2.96	26.32	40.96	38.9	32.44	24.6	33.01	26.72	18.58	27.06
Pre Tax Margin(%)	4.83	0.55	25.73	40.61	38.76	32.37	24.47	32.68	26.42	18.47	26.56
PAT Margin (%)	3.02	0.27	17.34	26.06	24.57	21.2	17.8	24.71	20.05	13.02	19.82
Cash Profit Margin (%)	8.02	7.98	21.47	29.21	27.08	23.91	20.15	26.26	21.85	15.01	21.69
ROA(%)	3.37	0.2	25.11	37.28	36.15	24.17	17.76	30.92	18.28	10.59	17.41
ROE(%)	4.92	0.28	36.01	52.82	45.6	28.57	21.48	44.42	24.74	12.66	20.48
ROCE(%)	8.72	2.7	48.49	79.01	71.49	42.94	28.79	49.98	29.09	17.5	26.6
Receivable days	25.55	41.59	46.61	64.02	58.23	80.49	95.92	73.2	85.03	76.91	64.28
Inventory Days	44.46	71.82	33.61	20.56	17.15	27.17	33.04	27.61	38.2	43.5	42.33
Payable days	66.11	121.34	83.89	76.18	67.96	97.66	101.45	300	196.14	119.07	111.88
PER(x)	8.55	224.47	12.23	20.23	17.78	15.44	12.16	4.74	9.68	18.35	10.64
Price/Book(x)	0.4	0.63	3.9	8.92	6.77	4.02	2.44	1.83	2.14	2.23	2.02
Dividend Yield(%)	0	0	1.77	1.03	1.22	1.9	2.88	3.18	2.14	1.89	1.98
EV/Net Sales(x)	0.33	0.75	2.1	5.13	4.14	3.25	2.09	1.14	1.81	2.3	1.96
EV/Core EBITDA(x)	2.89	7.03	6.89	11.63	10	9.24	7.74	3.29	6.34	11.15	6.78
Net Sales Growth(%)	9.32	-31.22	127.5	37.59	36.79	-3.64	6.04	87.44	-10.08	-8	20.13
EBIT Growth(%)	17.32	-68.8	1920.06	114.11	29.91	-19.62	-19.61	153.21	-27.43	-36.17	74.84
PAT Growth(%)	46.31	-93.95	0	106.7	28.97	-16.83	-11.01	161.95	-27.25	-40.38	82.78
EPS Growth(%)	27.82	-93.95	0	106.7	28.97	-16.83	-11.01	161.95	-27.25	-40.38	82.78
Debt/Equity(x)	0.13	0.17	0.09	0.02	0	0.03	0.03	0.3	0	0.06	0.04
Current Ratio(x)	1.44	1.52	2.21	2.78	6.51	5.95	4.77	2.29	5.89	4.46	7.58
Quick Ratio(x)	0.82	0.8	1.8	2.51	5.87	5.22	4.24	2.01	5.23	3.88	6.63
Interest Cover(x)	3.82	1.23	44.91	116.65	278.78	457.16	195.91	101.73	90.25	183.31	54.69
Total Debt/Mcap(x)	0.34	0.28	0.02	0	0	0.01	0.01	0.17	0	0.03	0.02

Cupid Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	45.06	45.06	45.06	45.06	45.06	45.06	45.06	45.06	45.07	44.8
FII	0.28	0.46	0.65	0.59	0.58	0.66	0.46	0.34	0.45	5.2
DII	0.03	3.7	0	0	0	0	0	0	0	0
Public	54.63	50.78	54.28	54.35	54.35	54.28	54.48	54.6	54.48	50
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6
FII	0	0.01	0.01	0.01	0.01	0.01	0.01	0	0.01	0.07
DII	0	0.05	0	0	0	0	0	0	0	0
Public	0.73	0.68	0.72	0.72	0.72	0.72	0.73	0.73	0.73	0.67
Others	0	0	0	0	0	0	0	0	0	0
Total	1.33	1.33	1.33	1.33	1.33	1.33	1.33	1.33	1.33	1.34

Pros

Debtor days have improved from 119.07 to 111.88days.
Company is almost debt free.

Cons

Promoter holding is low: 44.8%.
Stock is trading at 12.3 times its book value.

* 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.