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Last Updated: April 2, 2026, 2:48 am
Author: Getaka|Social: XLinkedIn

Cupid Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹41.85Overvalued by 51.79%vs CMP ₹86.80

P/E (140.0) × ROE (12.9%) × BV (₹2.84) × DY (2.00%)

₹17.20Overvalued by 80.18%vs CMP ₹86.80
MoS: -404.7% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹57.2022%Over (-34.1%)
Graham NumberEarnings₹6.2916%Over (-92.8%)
Earnings PowerEarnings₹2.2013%Over (-97.5%)
DCFCash Flow₹15.1211%Over (-82.6%)
Net Asset ValueAssets₹2.837%Over (-96.7%)
EV/EBITDAEnterprise₹3.909%Over (-95.5%)
Earnings YieldEarnings₹6.207%Over (-92.9%)
ROCE CapitalReturns₹4.549%Over (-94.8%)
Revenue MultipleRevenue₹2.045%Over (-97.6%)
Consensus (9 models)₹17.20100%Overvalued
Key Drivers: EPS CAGR 36.7% lifts DCF — verify sustainability. | P/E of 140 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 36.7%

*Investments are subject to market risks

Investment Snapshot

66
Cupid Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health77/100 · Strong
ROCE 17.1% GoodROE 12.9% GoodD/E 0.04 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 46.0% Stable
Earnings Quality55/100 · Moderate
OPM expanding (22% → 27%) ImprovingWorking capital: 210 days Capital intensive
Quarterly Momentum100/100 · Strong
Revenue (4Q): +54% YoY AcceleratingProfit (4Q): +58% YoY StrongOPM: 43.0% (up 12.0% YoY) Margin expansion
Industry Rank30/100 · Weak
P/E 140.0 vs industry 46.9 Premium to peersROCE 17.1% vs industry 29.2% Below peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Cupid Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
20/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 140.0 vs Ind 46.9 | ROCE 17.1% | ROE 12.9% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.04x | IntCov 0.0x | Current 14.68x | Borrow/Reserve 0.08x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹41 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.57 pp | DII -0.22 pp | Prom +0.39 pp
Business Momentum
+81
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +15.6% | Q NP +37.5% | Q OPM +5.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-80.2%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.08xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.57 ppLatest FII% minus previous FII%
DII Change-0.22 ppLatest DII% minus previous DII%
Promoter Change+0.39 ppLatest promoter% minus previous promoter%
Shareholder Count Change+22,720Latest shareholder count minus previous count
Quarterly Sales Change+15.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+37.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+5.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:48 am

Market Cap 11,677 Cr.
Current Price 86.8
Intrinsic Value₹17.20
High / Low 105/10.0
Stock P/E140
Book Value 2.84
Dividend Yield0.00 %
ROCE17.1 %
ROE12.9 %
Face Value 1.00
PEG Ratio3.82

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

View Share Price Target for Cupid Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Cupid Ltd 11,677 Cr. 86.8 105/10.0140 2.840.00 %17.1 %12.9 % 1.00
Honasa Consumer Ltd 10,003 Cr. 307 334/19064.7 38.80.00 %7.44 %5.51 % 10.0
Jyothy Labs Ltd 7,551 Cr. 206 400/19620.6 55.81.70 %24.6 %19.0 % 1.00
Emami Ltd 17,174 Cr. 393 655/38521.4 67.12.54 %32.4 %30.2 % 1.00
Bajaj Consumer Care Ltd 4,724 Cr. 362 409/15130.0 49.40.00 %19.1 %15.7 % 1.00
Industry Average60,427.93 Cr1,572.1446.89111.991.02%29.21%23.91%4.94

All Competitor Stocks of Cupid Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 434235364066444751616590104
Expenses 29313229283232313543435659
Operating Profit 141137123412161618213445
OPM % 33%26%9%20%30%51%26%34%31%30%33%38%43%
Other Income 0200100000000
Interest 0100010101111
Depreciation 1111111111111
Profit before tax 131126123211141416203243
Tax % 24%25%3%20%24%26%22%29%21%28%23%25%24%
Net Profit 108259248101112152433
EPS in Rs 0.380.310.080.190.330.890.310.370.410.430.560.901.22

Last Updated: February 6, 2026, 6:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 27, 2026, 3:30 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 204461848185160143133159172183320
Expenses 173236505365108107109118121141202
Operating Profit 21325342721523623415142119
OPM % 10%29%41%41%34%24%33%25%17%26%30%23%37%
Other Income 01211235457190
Interest 0000001101223
Depreciation 2222222333345
Profit before tax 01125322621533825425355111
Tax % 60%33%36%37%34%27%24%24%30%25%24%25%
Net Profit 081621171540291732404184
EPS in Rs 0.000.060.120.150.130.110.300.220.130.240.300.300.62
Dividend Payout % 0%22%21%22%29%35%15%21%35%21%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)100.00%31.25%-19.05%-11.76%166.67%-27.50%-41.38%88.24%25.00%2.50%
Change in YoY Net Profit Growth (%)0.00%-68.75%-50.30%7.28%178.43%-194.17%-13.88%129.61%-63.24%-22.50%

Cupid Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:5%
3 Years:15%
TTM:20%
Compounded Profit Growth
10 Years:18%
5 Years:1%
3 Years:35%
TTM:4%
Stock Price CAGR
10 Years:36%
5 Years:74%
3 Years:149%
1 Year:107%
Return on Equity
10 Years:21%
5 Years:16%
3 Years:16%
Last Year:13%

Last Updated: September 5, 2025, 2:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11111111111313131313132727
Reserves 7132543556390118129154288315354
Borrowings 32102231096121927
Other Liabilities 5814910153022231671134
Total Liabilities 273551637893165152174189320372442
Fixed Assets 16161616162126293136586767
CWIP 0000003160069
Investments 000518222148546914710314
Other Assets 101935424450114748483114196353
Total Assets 273551637893165152174189320372442

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -071320318194210338-11
Cash from Investing Activity + -0-1-1-5-9-14-37-9-13-22-8045
Cash from Financing Activity + 1-3-6-4-3-516-333-1199-1
Net Cash Flow 03611-9-0-20-1-02732
Free Cash Flow -161117112838230-17-31
CFO/OP -14%69%76%94%50%119%60%142%83%106%41%5%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-1.0011.0024.0034.0025.0019.0021.0036.0014.0035.0039.0023.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 596779591009795658459102134
Inventory Days 16515560133259168437230197229184450
Days Payable 81842780162135579168134105113
Cash Conversion Cycle 144139112112198130-46127147183285570
Working Capital Days 5958776713010840878777123210
ROCE %3%48%79%72%43%29%50%28%17%26%22%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters 45.06%45.06%45.06%44.80%44.80%45.62%42.51%42.51%42.51%45.56%45.56%45.95%
FIIs 0.45%0.34%0.45%5.19%5.97%3.33%3.14%1.63%0.95%2.58%1.48%0.91%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.11%0.11%0.35%0.30%0.08%
Public 54.49%54.60%54.49%50.00%49.24%51.05%54.34%55.75%56.43%51.51%52.66%53.06%
No. of Shareholders 26,43428,15425,58233,76195,6391,12,2361,16,3741,23,37999,81397,4831,45,8061,68,526

Shareholding Pattern Chart

No. of Shareholders

Cupid Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24
FaceValue 1.001.00
Basic EPS (Rs.) 1.521.49
Diluted EPS (Rs.) 1.521.49
Cash EPS (Rs.) 1.693.19
Book Value[Excl.RevalReserv]/Share (Rs.) 12.7522.45
Book Value[Incl.RevalReserv]/Share (Rs.) 12.7522.45
Revenue From Operations / Share (Rs.) 6.8412.80
PBDIT / Share (Rs.) 2.294.27
PBIT / Share (Rs.) 2.124.05
PBT / Share (Rs.) 2.043.92
Net Profit / Share (Rs.) 1.522.97
NP After MI And SOA / Share (Rs.) 1.522.97
PBDIT Margin (%) 33.4433.38
PBIT Margin (%) 31.0131.67
PBT Margin (%) 29.8930.62
Net Profit Margin (%) 22.2723.21
NP After MI And SOA Margin (%) 22.2723.21
Return on Networth / Equity (%) 11.9413.22
Return on Capital Employeed (%) 16.2317.95
Return On Assets (%) 10.9912.45
Total Debt / Equity (X) 0.030.04
Asset Turnover Ratio (%) 0.530.00
Current Ratio (X) 13.3014.68
Quick Ratio (X) 11.3313.76
Inventory Turnover Ratio (X) 6.400.00
Dividend Payout Ratio (NP) (%) 0.0010.03
Dividend Payout Ratio (CP) (%) 0.009.35
Earning Retention Ratio (%) 0.0089.97
Cash Earning Retention Ratio (%) 0.0090.65
Interest Coverage Ratio (X) 29.9231.66
Interest Coverage Ratio (Post Tax) (X) 20.9323.02
Enterprise Value (Cr.) 1644.5332583.66
EV / Net Operating Revenue (X) 8.96189.76
EV / EBITDA (X) 26.79568.48
MarketCap / Net Operating Revenue (X) 9.27189.92
Retention Ratios (%) 0.0089.96
Price / BV (X) 4.97108.24
Price / Net Operating Revenue (X) 9.27189.92
EarningsYield 0.020.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 183.52 Cr. and Equity Capital is Rs. 26.85 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Personal CareA - 68, M.I.D.C. (Malegaon), Sinnar, Nasik District Maharashtra 422113Contact not found
Management
NamePosition Held
Mr. Aditya Kumar HalwasiyaChairman & Managing Director
Mr. Ajay Kumar HalwasiyaExecutive Director
Mr. Thallapaka Venkateswara RaoIndependent Director
Mrs. Rajni MishraIndependent Director
Mr. Rajinder Singh LoonaIndependent Director
Ms. Smeeta BhatkalIndependent Director
Mr. Santosh DesaiIndependent Director
Mr. Akshay KumarIndependent Director

FAQ

What is the intrinsic value of Cupid Ltd and is it undervalued?

As of 05 April 2026, Cupid Ltd's intrinsic value is ₹17.20, which is 80.18% lower than the current market price of ₹86.80, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.9 %), book value (₹2.84), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Cupid Ltd?

Cupid Ltd is trading at ₹86.80 as of 05 April 2026, with a FY2026-2027 high of ₹105 and low of ₹10.0. The stock is currently near its 52-week high. Market cap stands at ₹11,677 Cr..

How does Cupid Ltd's P/E ratio compare to its industry?

Cupid Ltd has a P/E ratio of 140, which is above the industry average of 46.89. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Cupid Ltd financially healthy?

Key indicators for Cupid Ltd: ROCE of 17.1 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Cupid Ltd profitable and how is the profit trend?

Cupid Ltd reported a net profit of ₹41 Cr in Mar 2025 on revenue of ₹183 Cr. Compared to ₹17 Cr in Mar 2022, the net profit shows an improving trend.

Does Cupid Ltd pay dividends?

Cupid Ltd has a dividend yield of 0.00 % at the current price of ₹86.80. The company is currently not paying meaningful dividends.

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
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