Cupid share price and its Fundamental
- Market Cap₹ 2,577 Cr.
- Current Price ₹96.0
- High / Low ₹142 / 14.0
- Stock P/E 56.1
- Book Value ₹7.65
- Dividend Yield 0.26 %
- ROCE 22.4 %
- ROE 17.0 %
- Face Value ₹1.00
About
Established in 1993, CUPID Limited is India’s premier manufacturer of male and female condoms, personal lubricant, and IVD kits.
Products Offered
The Co. manufactures male condoms, female condoms, water-based lubricant jelly, IVD products such as Pregnancy Test Kits, Covid 19 Antigen Test Kit, HIV Test Kit, Dengue test kits, Malaria antigen test kits, etc.
Brands
The Co sells its products under its own brands like Cupid, Big Dom, Hi-Life, Bull, Fantasy, Dsire, Stud, and Green Love.
Revenue Split FY24
Male & Female contraceptives & Jelly: ~92%
In Vito Devices(IVD) : ~2%
Others: ~6%
Geographical Split
CUPID currently exports its products to over 105 countries, with over 90% of its revenue generated from international markets. Furthermore, CUPID has established a long-term agreement with WHO/UNFPA.
Manufacturing Capacity
Manufacturing factory spread over 100,000 sq ft. in Sinnar, Nashik
Male condoms – 480 million pieces per annum
Female condoms – 52 million pieces per annum
Lubricant Jelly – 210 million sachets per annum
IVD Test Kits: 20 million kits annum
In Dec 24,A strategic land acquisition near Mumbai was made for capacity expansion to boost male condom production to 1.25 billion units and female condom production to 125 million units within 16 to 20 months~FY26.
Prequalification
Cupid is the 1st company in the world to get WHO/UNFPA Prequalification for both male & Female Condoms.
New Order
In April 24, Company signed an agreement to Supply female condoms in Brazil worth ~Rs 23.07 Cr. Full order to be supplied by Q2FY25.
New Product
Introduction of a new Deodorant product
line for both male and female.
New Management
In Oct 23, Columbia Petro Chem Private Limited and Mr. Aditya Kumar Halwasiya acquired a 41.84% stake in a company for Rs. 159.06 crore.
Mr. Kuldeep Halwasiya was appointed as Chairman of the company.
Mr. Aditya Halwasiya was appointed as MD of the company.
Mr. Ajay Halwasiya was appointed as executive director in Jan 24.
Bonus Share
In Apr 24, Company alloted 13,41,77,490 bonus Equity shares in ratio 1:1.
Issue of Covertible Warrants
In Feb 24,Company has issued and alloted 22,00,000 Convertible warrants having a face value of Rs. 10 at the Price of Rs 1,751. Company received RS 96,30,50,000 against g 25% of the issue price per warrant.
Civil Case
Vikas Lifecare Ltd Vs M/s Cupid Ltd & Ors – Pendind in court of Ld.ADJ-III, District Court, Alwar, Rajasthan. (Regarding sale and purchase of shareholdings in Cupid.)
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