Cupid Limited
NSE: CUPID · Personal Care · sector
₹314.05NSE close 2026-10-26
Key numbers
Market cap₹42,229 cr
Price₹314.05
52w high / low₹369 / ₹45
P/E306.7xSector median 32.5x
P/B93.7xSector median 6.7x
Book value₹3.4
Dividend yield–Sector median 3.14%
ROE34.6%Sector median 26.6%
ROCE37.1%Sector median 28.6%
OPM35.4%Sector median 20.7%
Debt / equity0.11xSector median 0.02x
EV/EBITDA262.6xSector median 22.4x
Interest cover56.4x
Current ratio4.67x
Sales growth 3y+30.9%Sector median +4.6%
Profit growth 3y+50.8%Sector median +8.2%
PEG6.06x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 13 companies in Personal Care (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹186 cr vs borrowings ₹51 cr (FY26): cash is higher (net cash).
- Borrowings rose in each of the last 3 years (₹6 cr → ₹51 cr).
- Operating profit covered interest 56.4x in the last 12 months.
- 7.64% of the promoters' shares are pledged (3.6% of all shares).
- Promoter holding rose by 2.14 percentage points in a year, to 47.69% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- Dividend paid in 3 of the last 5 financial years.
- Price ₹314.05 on 2026-10-26: -14.9% from the 52-week high, +591.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹518.10 · low ₹59.90
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42 | 46 | 56 | 60 | 84 | 94 | 120 | 155 |
| EBITDA | 10 | 11 | 13 | 16 | 28 | 34 | 38 | 60 |
| OPM % | 24.7% | 24.5% | 23.7% | 27.5% | 33.6% | 36.7% | 31.3% | 38.8% |
| Other income | 6 | 4 | 5 | 5 | 6 | 11 | 12 | 2 |
| Net profit | 10 | 11 | 12 | 15 | 24 | 33 | 36 | 44 |
| EPS (₹) | 0.07 | 0.08 | 0.09 | 0.11 | 0.18 | 0.24 | 0.27 | 0.33 |
| Revenue YoY | +103.2% | +101.7% | +112.4% | +158.7% | ||||
| Profit YoY | +138.1% | +197.4% | +215.0% | +194.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 133 | 159 | 171 | 184 | 358 | 453 |
| EBITDA | 23 | 41 | 50 | 42 | 117 | 160 |
| Net profit | 17 | 32 | 40 | 41 | 108 | 137 |
| EPS (₹) | 0.13 | 0.24 | 0.03 | 0.30 | 0.81 | 1.02 |
| Revenue growth | +20.0% | +7.4% | +7.3% | +94.9% | +121.7% | |
| Profit growth | +82.8% | +26.2% | +2.6% | +164.7% | +188.2% | |
| Dividend / share (₹) | 4.50 | 5.50 | 3.00 | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +30.9% | +20.0% | +121.7% |
| Net profit | +50.8% | +30.1% | +188.2% |
| EPS | +50.7% | +30.1% | – |
| Share price | – | +375.4% (2y) | +579.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 167 | 301 | 342 | 451 |
| Borrowings | – | 6 | 12 | 13 | 51 |
| Cash & equivalents | – | 99 | 187 | 155 | 186 |
| Total assets | – | 189 | 320 | 372 | 553 |
| Fixed assets | – | 36 | 58 | 67 | 67 |
| Capital work in progress | – | 0 | 0 | 6 | 25 |
| Investments | – | 0 | 0 | 16 | 75 |
| Receivables | – | 26 | 48 | 67 | 101 |
| Inventory | – | 19 | 16 | 42 | 70 |
| Payables | – | 9 | 0 | 1 | 31 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 10 | 33 | 8 | -11 | 46 |
| Cash from investing | -13 | -22 | -80 | 45 | 28 |
| Cash from financing | 3 | -11 | 99 | -1 | 35 |
| Capex | 9 | 3 | 89 | 19 | 25 |
| Free cash flow | 2 | 30 | -82 | -31 | 21 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.9% | 13.2% | 11.9% | 24.0% |
| ROCE % | – | 24.9% | 17.4% | 16.0% | 29.0% |
| Debtor days | – | 59 | 102 | 133 | 103 |
| Inventory days | – | 107 | 96 | 226 | 173 |
| Payable days | – | 49 | 0 | 7 | 75 |
| Cash conversion cycle (days) | – | 117 | 198 | 352 | 201 |
| Working capital days | – | 304 | 522 | 518 | 309 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 47.69% |
| FIIs | 4.69% |
| DIIs | 1.20% |
| of which Mutual funds | 0.57% |
| of which Insurance | 0.60% |
| Public (non-institutions) | 46.42% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 42.52% | 42.52% | 45.55% | 45.55% | 45.95% | 46.03% | 46.24% | 47.69% |
| Promoter group | % |
|---|---|
| Aditya Kumar Halwasiya | 34.71% |
| Columbia Petro Chem Private Limited | 12.95% |
| Ekta Halwasiya | 0.03% |
| Ajay Kumar Halwasiya | 0.00% |
| Jaideep Halwasiya | 0.00% |
| Ankita Jain Halwasiya | 0.00% |
| Universal Petrochemicals Limited | 0.00% |
| Adar Hotels Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 3.69% |
| Setu Securities PVT Ltd | 2.78% |
| Cliff Trexim Private Limited | 2.75% |
| Veena Garg | 2.64% |
| Maybank Securities PTE Ltd - ODI | 1.64% |
| Vajra Machineries Private Limited | 1.59% |
| Majestic Commercial Private Limited | 1.40% |
| Radharani Sales Private Limited | 1.30% |
| Highpoint Commercial Private Limited | 1.26% |
| Garg Brothers Private Limited | 1.04% |
4,70,414 shareholders. Pledged: 7.64% of promoter shares.
Peers in Personal Care
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| GODREJCP | ₹85,248 cr | 44.5x | 6.7x | 16.6% | 17.8% | 18.9% | +4.5% | 2.40% |
| DABUR | ₹63,740 cr | 32.3x | 5.6x | 17.8% | 21.3% | 18.5% | +4.6% | 2.22% |
| COLPAL | ₹43,942 cr | 32.6x | 27.7x | 83.0% | 114.8% | 30.2% | +4.9% | 3.15% |
| CUPID | ₹42,229 cr | 306.7x | 93.7x | 34.6% | 37.1% | 35.4% | +30.9% | – |
| GILLETTE | ₹23,649 cr | 35.4x | 25.0x | 67.8% | 96.2% | 30.2% | +18.6% | 3.13% |
| PGHH | ₹22,109 cr | 28.0x | 29.3x | 106.1% | 143.5% | 25.3% | +11.9% | 3.81% |
| EMAMILTD | ₹15,989 cr | 21.4x | 5.5x | 26.6% | 28.6% | 24.7% | +3.5% | 3.28% |
| HONASA | ₹14,427 cr | 58.0x | 10.2x | 19.2% | 23.6% | 11.6% | – | – |
| BAJAJCON | ₹5,059 cr | 20.4x | 5.6x | 32.5% | 34.5% | 22.8% | +6.6% | – |
| RECODE | ₹344 cr | 30.7x | 29.0x | 94.5% | 132.5% | 20.7% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-03-09 | Bonus | Bonus 4:1 |
| 2024-04-04 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2024-04-04 | Bonus | Bonus 1:1 |
| 2023-09-18 | Dividend | Dividend - Rs 3 Per Share |
| 2022-11-24 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2022-09-19 | Dividend | Dividend - Rs 3.50 Per Share |
| 2021-11-25 | Dividend | Interim Dividend - Re 1 Per Share |
| 2021-09-17 | Dividend | Dividend - Rs 3.50 Per Share |
| 2020-12-17 | Other | Annual General Meeting |
| 2020-11-19 | Dividend | Interim Dividend - Re 1 Per Share |
| 2020-03-16 | Dividend | Interim Dividend - Rs 3.5 Per Share |
| 2019-11-21 | Dividend | Interim Dividend - Rs 1 Per Share |
| 2019-09-19 | Dividend | Dividend - Rs 3 Per Share |
| 2018-11-19 | Dividend | Interim Dividend - Re 1 Per Share |
| 2018-10-11 | Bonus | Bonus 1:5 |
| 2018-09-18 | Dividend | Dividend Rs 2/- Per Share/ Special Dividend Re 0.50 Per Share |
| 2017-11-17 | Dividend | Interim Dividend - Rs 2/- Per Share |
| 2017-08-29 | Dividend | Dividend - Rs 2/- Per Share |
| 2016-11-08 | Dividend | Interim Dividend Re 1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Chemical and Chemical products, Pharmaceuticals, Medicinal chemical and botanical products. Chemical and Chemical products, Pharmaceuticals, Medicinal chemical and botanical products.
- Trading of Finished Goods: Procurement and sale of sexual wellness and healthcare products, including condoms, lubricants, and diagnostic kits, to institutional and export markets.
| Sector | Fast Moving Consumer Goods |
| Industry | Personal Care |
| Sub-industry | Personal Care |
| Symbol | CUPID |
| BSE code | 530843 |
| ISIN | INE509F01029 |
| Face value | ₹1.0 |
| Incorporated | 1993-12-17 |
| Website | https://www.cupidlimited.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.