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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Cupid Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:18 pm

Market Cap 2,226 Cr.
Current Price 82.9
High / Low142/40.3
Stock P/E43.8
Book Value 8.36
Dividend Yield0.00 %
ROCE27.1 %
ROE20.8 %
Face Value 1.00
PEG Ratio-5.20

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Cupid Ltd

Competitors of Cupid Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Honasa Consumer Ltd 7,731 Cr. 238547/237102 35.50.00 %17.1 %% 10.0
Ambica Agarbathies Aroma & Industries Ltd 51.2 Cr. 29.943.2/23.234.2 60.60.00 %5.07 %3.65 % 10.0
Ador Multi Products Ltd 15.1 Cr. 32.345.9/30.1 23.20.00 %33.6 %26.7 % 10.0
Kaya Ltd 460 Cr. 348702/267 1060.00 %80.4 %% 10.0
Jyothy Labs Ltd 14,885 Cr. 405596/36739.6 51.40.86 %27.0 %21.2 % 1.00
Industry Average72,450.14 Cr2,175.3453.02103.770.70%36.77%29.68%4.94

All Competitor Stocks of Cupid Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales30.8547.8841.7033.5634.0736.9832.4231.4946.2142.9143.4935.2036.45
Expenses20.7234.5632.6625.0227.2732.6224.8125.0333.2628.8330.9031.8629.23
Operating Profit10.1313.329.048.546.804.367.616.4612.9514.0812.593.347.22
OPM %32.84%27.82%21.68%25.45%19.96%11.79%23.47%20.51%28.02%32.81%28.95%9.49%19.81%
Other Income0.000.000.000.000.000.000.000.000.000.000.000.000.00
Interest0.110.030.040.020.040.040.040.080.060.080.570.400.08
Depreciation0.650.670.640.610.610.620.810.650.710.780.830.710.72
Profit before tax9.3712.628.367.916.153.706.765.7312.1813.2211.192.236.42
Tax %24.33%24.72%22.61%24.78%24.39%32.43%38.17%19.02%29.64%24.05%25.47%3.14%20.25%
Net Profit7.089.506.475.954.652.494.194.638.5810.038.342.165.12
EPS in Rs5.317.124.854.463.491.873.143.476.437.526.251.623.84

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2628204461848185160143133159158
Expenses2325173236505365108107109118121
Operating Profit33213253427215236234137
OPM %10%10%10%29%41%41%34%24%33%25%17%26%24%
Other Income0001211235450
Interest1000000011011
Depreciation1122222223333
Profit before tax11011253226215338254233
Tax %18%37%60%33%36%37%34%27%24%24%30%25%
Net Profit1108162117154029173226
EPS in Rs0.500.650.045.8011.9815.4512.8511.4029.8721.7312.9623.6819.23
Dividend Payout %0%0%0%22%21%22%29%35%15%21%35%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%-100.00%100.00%31.25%-19.05%-11.76%166.67%-27.50%-41.38%88.24%
Change in YoY Net Profit Growth (%)0.00%-100.00%200.00%-68.75%-50.30%7.28%178.43%-194.17%-13.88%129.61%

Cupid Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:24%
5 Years:15%
3 Years:6%
TTM:26%
Compounded Profit Growth
10 Years:86%
5 Years:21%
3 Years:11%
TTM:98%
Stock Price CAGR
10 Years:46%
5 Years:54%
3 Years:96%
1 Year:87%
Return on Equity
10 Years:25%
5 Years:23%
3 Years:18%
Last Year:21%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:29 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital11111111111113131313131327
Reserves77132543556390118129154192198
Borrowings2321022310961216
Other Liabilities458149101530222316103119
Total Liabilities25273551637893165152174189320359
Fixed Assets17161616161621262931365866
CWIP0000000316000
Investments00005182221485469135131
Other Assets7101935424450114748483126161
Total Assets25273551637893165152174189320359

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2-071320318194210338
Cash from Investing Activity +-0-0-1-1-5-9-14-37-9-13-22-80
Cash from Financing Activity +-11-3-6-4-3-516-333-1199
Net Cash Flow003611-9-0-20-1-027

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow3.001.00-1.0011.0024.0034.0025.0019.0021.0036.0014.0035.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days16596779591009795658459102
Inventory Days6316515560133259168437230197229184
Days Payable32818427801621355791681341051
Cash Conversion Cycle47144139112112198130-46127147183286
Working Capital Days491207682671401181118711191149
ROCE %9%3%48%79%72%43%29%50%28%17%26%27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters45.06%45.06%45.06%45.06%45.06%45.06%45.06%45.06%45.06%45.06%44.80%44.80%
FIIs0.27%0.28%0.46%0.65%0.59%0.58%0.66%0.45%0.34%0.45%5.19%5.97%
DIIs0.04%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public54.63%54.63%54.48%54.28%54.35%54.36%54.28%54.49%54.60%54.49%50.00%49.24%
No. of Shareholders33,54832,41329,66629,41429,02927,22626,33326,43428,15425,58233,76195,639

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.9823.6812.9521.7329.87
Diluted EPS (Rs.)2.9723.5712.9521.7329.87
Cash EPS (Rs.)31.8825.9114.9423.6831.74
Book Value[Excl.RevalReserv]/Share (Rs.)224.54125.30106.6098.1077.57
Book Value[Incl.RevalReserv]/Share (Rs.)224.54125.30106.6098.1077.57
Dividend / Share (Rs.)0.005.004.504.504.50
Revenue From Operations / Share (Rs.)127.51119.4599.52107.76120.90
PBDIT / Share (Rs.)42.7234.5520.4730.8841.78
PBIT / Share (Rs.)40.5432.3218.4828.9439.91
PBT / Share (Rs.)39.1931.7318.3828.6439.51
Net Profit / Share (Rs.)29.7023.6812.9621.7329.87
PBDIT Margin (%)33.5028.9120.5628.6634.56
PBIT Margin (%)31.7927.0518.5726.8533.01
PBT Margin (%)30.7326.5618.4726.5732.68
Net Profit Margin (%)23.2919.8213.0120.1624.70
Return on Networth / Equity (%)13.2218.8912.1522.1538.50
Return on Capital Employeed (%)17.9525.5517.2129.3350.67
Return On Assets (%)12.4516.729.9219.0224.17
Total Debt / Equity (X)0.040.030.060.000.30
Asset Turnover Ratio (%)0.670.870.810.901.25
Current Ratio (X)15.397.584.465.852.26
Quick Ratio (X)14.476.633.885.191.99
Inventory Turnover Ratio (X)3.053.303.822.693.82
Dividend Payout Ratio (NP) (%)0.008.447.714.6025.10
Dividend Payout Ratio (CP) (%)0.007.726.694.2223.62
Earning Retention Ratio (%)0.0091.5692.2995.4074.90
Cash Earning Retention Ratio (%)0.0092.2893.3195.7876.38
Interest Coverage Ratio (X)31.6658.46202.99104.55105.45
Interest Coverage Ratio (Post Tax) (X)23.0241.07129.4774.5676.38
Enterprise Value (Cr.)3221.67312.48304.38261.22183.33
EV / Net Operating Revenue (X)18.831.962.291.821.14
EV / EBITDA (X)56.216.7811.156.343.29
MarketCap / Net Operating Revenue (X)19.062.112.391.951.17
Retention Ratios (%)0.0091.5592.2895.3974.89
Price / BV (X)10.822.012.232.141.83
Price / Net Operating Revenue (X)19.062.112.391.951.17
EarningsYield0.010.090.050.100.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Cupid Ltd as of November 22, 2024 is: 77.69

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, Cupid Ltd is Overvalued by 6.28% compared to the current share price 82.90

Intrinsic Value of Cupid Ltd as of November 22, 2024 is: 71.14

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, Cupid Ltd is Overvalued by 14.19% compared to the current share price 82.90

Last 5 Year EPS CAGR: -8.43%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 35.92%, which is a positive sign.
  2. The company has higher reserves (84.15 cr) compared to borrowings (6.62 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (90.92 cr) and profit (23.69 cr) over the years.
  1. The stock has a high average Working Capital Days of 100.08, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 131.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Cupid Ltd:
    1. Net Profit Margin: 23.29%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.95% (Industry Average ROCE: 36.77%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.22% (Industry Average ROE: 29.68%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 23.02
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 14.47
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 43.8 (Industry average Stock P/E: 53.02)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.04
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Cupid Ltd. is a Public Limited Listed company incorporated on 17/02/1993 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L25193MH1993PLC070846 and registration number is 070846. Currently Company is involved in the business activities of Manufacture of rubber contraceptives. Company’s Total Operating Revenue is Rs. 132.73 Cr. and Equity Capital is Rs. 13.34 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Personal CareA - 68, M.I.D.C. (Malegaon), Nasik District Maharashtra 422113cs@cupidlimited.com
http://www.cupidlimited.com
Management
NamePosition Held
Mr. Kuldeep HalwasiyaChairman & Executive Director
Mr. Aditya Kumar HalwasiyaManaging Director
Mr. Ajay Kumar HalwasiyaExecutive Director
Mr. Thallapaka Venkateswara RaoInd. Non-Executive Director
Mrs. Rajni MishraInd. Non-Executive Director
Mr. Rajinder Singh LoonaInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Cupid Ltd?

The latest intrinsic value of Cupid Ltd as on 21 November 2024 is ₹77.69, which is 6.28% lower than the current market price of ₹82.90.

What is the Market Cap of Cupid Ltd?

The Market Cap of Cupid Ltd is 2,226 Cr..

What is the current Stock Price of Cupid Ltd as on 21 November 2024?

The current stock price of Cupid Ltd as on 21 November 2024 is ₹82.9.

What is the High / Low of Cupid Ltd stocks in FY 2024?

In FY 2024, the High / Low of Cupid Ltd stocks is 142/40.3.

What is the Stock P/E of Cupid Ltd?

The Stock P/E of Cupid Ltd is 43.8.

What is the Book Value of Cupid Ltd?

The Book Value of Cupid Ltd is 8.36.

What is the Dividend Yield of Cupid Ltd?

The Dividend Yield of Cupid Ltd is 0.00 %.

What is the ROCE of Cupid Ltd?

The ROCE of Cupid Ltd is 27.1 %.

What is the ROE of Cupid Ltd?

The ROE of Cupid Ltd is 20.8 %.

What is the Face Value of Cupid Ltd?

The Face Value of Cupid Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Cupid Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE