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Cupid Limited
(CUPID)
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Rating:72Outperform
Price Target:
₹299.00
▼(-36.25% Downside)
Action:Upgraded
Date:08/18/26
The score is driven primarily by strong financial performance (high profitability, re-accelerating growth, and low leverage) and supportive technical momentum (price above key moving averages with positive MACD). The main offset is valuation risk from an extremely high P/E, which meaningfully reduces the overall score despite strong fundamentals and trend.
Positive Factors
Strong revenue re-acceleration
The sharp return to growth indicates stronger product demand, improved sales execution, or better institutional and commercial activity. Sustained revenue expansion can improve production utilization and provide a durable foundation for earnings growth.
Negative Factors
Volatile cash conversion
Uneven cash generation means reported profits may not consistently translate into liquidity. Working-capital swings could constrain reinvestment, tender execution, or shareholder returns, making cash conversion an important durability risk despite the recent rebound.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue re-acceleration
The sharp return to growth indicates stronger product demand, improved sales execution, or better institutional and commercial activity. Sustained revenue expansion can improve production utilization and provide a durable foundation for earnings growth.
Read all positive factors
Cupid Limited (CUPID) vs. iShares MSCI India ETF (INDA)
Market Cap
₹380.88B
Dividend Yield1.24%
Average Volume (3M)2.83M
Price to Earnings (P/E)278.0
Beta (1Y)1.51
Revenue Growth121.66%
EPS Growth188.33%
CountryIN
Employees169
SectorGeneral
Sector StrengthN/A
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)1.02
Shares Outstanding1,344,660,600
10 Day Avg. Volume1,563,379
30 Day Avg. Volume2,834,170
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)24.63
Price to Sales (P/S)31.04
P/FCF Ratio284.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Cupid Limited Business Overview & Revenue Model
Company Description
Cupid Limited specializes in the development, manufacturing, and global distribution of both male and female condoms, serving markets in India and internationally. Beyond its core contraceptive offerings, the company's product portfolio also encom...
How the Company Makes Money
Cupid Limited primarily makes money by manufacturing and selling sexual wellness products, with revenue recognized from product sales to customers. Key revenue streams include: (1) B2B/B2G institutional sales, where Cupid supplies condoms (includi...
Cupid Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.53B | 3.58B | 1.81B | 1.68B | 1.56B | 1.33B |
| Gross Profit | 2.54B | 1.73B | 1.13B | 1.08B | 904.96M | 707.46M |
| EBITDA | 1.91B | 1.50B | 612.71M | 561.05M | 455.73M | 273.02M |
| Net Income | 1.37B | 1.08B | 408.87M | 398.55M | 315.83M | 172.79M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.53B | 3.72B | 3.20B | 1.89B | 1.74B |
| Cash, Cash Equivalents and Short-Term Investments | 1.86B | 1.86B | 1.55B | 1.87B | 782.87M | 736.37M |
| Total Debt | 0.00 | 563.78M | 189.90M | 120.58M | 59.75M | 87.97M |
| Total Liabilities | -4.51B | 1.02B | 295.84M | 186.53M | 217.07M | 318.91M |
| Stockholders Equity | 4.51B | 4.51B | 3.42B | 3.01B | 1.67B | 1.42B |
Cash Flow | ||||||
| Free Cash Flow | 179.71M | 390.05M | -308.26M | -171.54M | 301.67M | 16.03M |
| Operating Cash Flow | 233.97M | 636.97M | -113.67M | 78.42M | 327.11M | 102.39M |
| Investing Cash Flow | 886.18M | 100.44M | 449.12M | -798.43M | -218.62M | -134.94M |
| Financing Cash Flow | 62.48M | 357.74M | -14.65M | 987.72M | -109.47M | 26.61M |
Cupid Limited Technical Analysis
Positive
469.00
Price Trends
243.12
Positive
188.07
Positive
135.06
Positive
Market Momentum
11.06
Positive
61.63
Neutral
61.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CUPID, the sentiment is Positive. The current price of 469 is above the 20-day moving average (MA) of 281.62, above the 50-day MA of 243.12, and above the 200-day MA of 135.06, indicating a bullish trend. The MACD of 11.06 indicates Positive momentum. The RSI at 61.63 is Neutral, neither overbought nor oversold. The STOCH value of 61.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CUPID.
Cupid Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹1.06T | 55.91 | ― | 0.45% | 25.00% | 12.83% | |
73 Outperform | ₹249.04B | 29.03 | ― | 3.83% | -1.54% | -4.58% | |
72 Outperform | ₹380.88B | 278.04 | ― | 1.24% | 121.66% | 188.33% | |
69 Neutral | ₹4.64T | 31.00 | ― | 2.08% | 3.83% | 38.55% | |
69 Neutral | ₹153.48B | 61.44 | ― | 0.64% | 21.08% | 237.04% | |
59 Neutral | ₹900.51B | 46.93 | ― | 2.26% | 9.22% | 3.19% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:CUPID
Cupid Limited
283.25
245.57
651.73%
IN:GODREJCP
Godrej Consumer Products Limited
880.00
-326.89
-27.09%
IN:HINDUNILVR
Hindustan Unilever Limited
1,974.00
-562.37
-22.17%
IN:HONASA
Honasa Consumer Limited
470.75
172.71
57.95%
IN:MARICO
Marico Limited
814.40
87.13
11.98%
IN:PGHH
Procter & Gamble Hygiene & Health Care Ltd.
7,671.90
-5,290.43
-40.81%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.