MarketFriction

Cupid Ltd

NSE CUPID · BSE 530843 · Personal Care
₹312.50 +0.27%
NSE close2026-10-01
52 week range41.82 - 312.00
Market cap₹38,726 Cr.
P/E282
Nifty 500Nifty Smallcap 100Smallcap 250 ASM long-term Price band 20% Delivery 25.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales364066444751616590104132157
Expenses292832323135434356598295
Operating Profit71234121616182134455062
OPM %20%30%51%26%34%31%30%33%38%43%38%40%
Other Income010000000000
Interest001010111111
Depreciation111111111111
Profit before tax61232111414162032434760
Tax %20%24%26%22%29%21%28%23%25%24%24%26%
Net Profit592481011121524333644
EPS in Rs0.040.070.180.060.070.080.090.110.180.240.270.33
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales61848185160143133159172183358484
Expenses36505365108107109118121141239292
Operating Profit25342721523623415142119191
OPM %41%41%34%24%33%25%17%26%30%23%33%40%
Other Income21123545719320
Interest000011012233
Depreciation222223333455
Profit before tax25322621533825425355142183
Tax %36%37%34%27%24%24%30%25%24%25%24%
Net Profit16211715402917324041108137
EPS in Rs0.120.150.130.110.300.220.130.240.300.300.811.02
Dividend Payout %21%22%29%35%15%21%35%21%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth19%20%31%116%
Compounded Profit Growth21%31%52%188%
Stock Price CAGR61%162%313%570%
Return on Equity22%19%20%28%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1111111113131313131327134
Reserves132543556390118129154288315316
Borrowings2102231096121956
Other Liabilities814910153022231671146
Total Liabilities3551637893165152174189320372553
Fixed Assets161616162126293136586767
CWIP0000031600625
Investments00518222148546914710375
Other Assets1935424450114748483114196386
Total Assets3551637893165152174189320372553
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity71320318194210338-1146
Cash from Investing Activity-1-1-5-9-14-37-9-13-22-804528
Cash from Financing Activity-3-6-4-3-516-333-1199-135
Net Cash Flow3611-9-0-20-1-02732110
Free Cash Flow61117112838230-17-3121
CFO/OP69%76%94%50%119%60%142%83%106%41%5%66%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6779591009795658459102134103
Inventory Days15560133259168437230197229184450350
Days Payable842780162135579168134105113153
Cash Conversion Cycle139112112198130-46127147183285570301
Working Capital Days58776713010840878777123210119
ROCE %48%79%72%43%29%50%28%17%26%22%17%34%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters45.06%45.06%44.80%44.80%45.62%42.51%42.51%42.51%45.56%45.56%46.03%46.24%
FIIs0.34%0.45%5.19%5.97%3.33%3.14%1.63%0.95%2.58%1.48%1.01%4.17%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.11%0.11%0.35%0.30%0.17%0.34%
Public54.60%54.49%50.00%49.24%51.05%54.34%55.75%56.43%51.51%52.66%52.79%49.23%
No. of Shareholders28,15425,58233,76195,6391,12,2361,16,3741,23,37999,81397,4831,45,8062,09,6102,95,432

Fundamentals

Market Cap₹ 38,726 Cr.
Current Price₹ 288
Stock P/E282
Book Value₹ 3.35
ROCE33.9 %
ROE27.6 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)116%
Compounded Profit Growth (TTM)188%
Standalone figures.
Valuation
Market capRs 42,021 Cr
Enterprise valueRs 41,891 Cr
P/E (TTM)305.80x
Price to book93.20x
Price to sales86.88x
EV / EBITDA218.94x
EV / EBIT225.01x
EV / sales86.62x
Price to cash flow911.12x
Earnings yield0.33%
P/E, 3-year average39.86x
P/B, 3-year average8.95x
P/E, 5-year average23.98x
P/B, 5-year average5.38x
Profitability
Operating margin (excl. other income)33.14%
Operating margin (incl. other income)42.06%
EBITDA margin39.56%
Pre-tax margin37.81%
Net profit margin28.41%
Net margin, latest quarter28.13%
ROE27.30%
ROCE33.47%
ROA23.39%
ROE, 3-year average19.01%
ROCE, 3-year average24.24%
ROA, 3-year average16.96%
ROE, 5-year average18.02%
ROCE, 5-year average23.37%
ROA, 5-year average15.78%
ROIC (approx.)44.10%
Tax rate24.02%
Other income / net worth7.08%
Growth
Sales growth (latest year)95.46%
Profit growth (latest year)164.50%
Sales CAGR, 3 years30.97%
Sales CAGR, 5 years20.09%
Profit CAGR, 3 years50.78%
Profit CAGR, 5 years30.16%
Sales growth QoQ18.90%
Profit growth QoQ21.79%
Sales growth YoY (latest quarter)142.49%
Profit growth YoY (latest quarter)194.01%
Per share
EPS (TTM)Rs 1.02
EPS (latest year)Rs 0.81
EPS (latest quarter)Rs 0.33
EPS, 3-year averageRs 1.77
EPS, 5-year averageRs 8.39
Book value per shareRs 3.35
Sales per shareRs 3.60
Cash flow per shareRs 0.34
Free cash flow per shareRs 0.16
Dividend per share, 5-year averageRs 4.75
Dividends
Dividend payout, 5-year average27.92%
Efficiency
Asset turnover0.65x
Fixed asset turnover5.33x
Inventory turnover2.61x
Inventory days140 days
Debtor days103 days
Debtors turnover3.55x
Creditor days153 days
Cash conversion cycle301 days
Working capital days119 days
Leverage
Total debtRs 56 Cr
Cash and bankRs 186 Cr
Net debtRs -130 Cr
Debt to equity0.13x
Net debt / EBITDA-0.68x
Interest coverage56.59x
Current ratio (filing 2026-03-31)4.65x
Quick ratio (filing 2026-03-31)3.81x
Trade payables (filing 2026-03-31)Rs 30 Cr
Owners' fund to total sources81.46%
Debt to assets10.19%
Cash flow
Cash from Operating Activity (latest year)Rs 46 Cr
Cash from Investing Activity (latest year)Rs 28 Cr
Cash from Financing Activity (latest year)Rs 35 Cr
Net Cash Flow (latest year)Rs 110 Cr
Free cash flow (latest year)Rs 21 Cr
FCFE (approx.: FCF + change in debt)Rs 58 Cr
Cash from ops / profit, 5 years0.36x
Sales to cash flow7.76x
Statement figures
Net sales (TTM)Rs 484 Cr
Net sales (latest year)Rs 358 Cr
Sales (latest quarter)Rs 157 Cr
Operating profit excl. other income (latest year)Rs 119 Cr
Operating profit (latest quarter)Rs 62 Cr
Other income (TTM)Rs 32 Cr
EBITDA (TTM)Rs 191 Cr
PBDT (TTM)Rs 188 Cr
Profit before tax (TTM)Rs 183 Cr
Tax (latest year)Rs 34 Cr
Net profit (TTM)Rs 137 Cr
Net profit (latest year)Rs 108 Cr
Net profit (latest quarter)Rs 44 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 183 Cr
Total expenditure (latest year)Rs 239 Cr
Total income (latest year)Rs 390 Cr
Share capitalRs 134 Cr
ReservesRs 316 Cr
Shareholders' fundsRs 451 Cr
Total assetsRs 553 Cr
Net blockRs 67 Cr
Capital work in progressRs 25 Cr
InvestmentsRs 75 Cr
ReceivablesRs 101 Cr
InventoryRs 70 Cr
Other liabilitiesRs 46 Cr
Shares outstanding (crore)134.47
Ownership
Promoter holding46.24% (+3.73 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 305.8 is at the 99th percentile of its own 9.4-year range (median 16.0, low 7.0, high 305.8).
P/B 93.20 is at the 99th percentile (median 3.38).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodCUPIDNifty 50Difference
1 week+17.3%-2.8% +20.1 pts
1 month+13.6%-6.8% +20.4 pts
3 months+57.2%-7.6% +64.8 pts
6 months+276.1%+0.4% +275.6 pts
1 year+615.9%-9.9% +625.8 pts
2 years+1706.4%-13.6% +1719.9 pts
3 years+7540.6%+14.2% +7526.4 pts
5 years+13369.8%+27.9% +13341.9 pts
10 mutual fund schemes hold about ₹52 Cr. Over three months 1 bought more and 9 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund1.98%49 -12%
Angel One Nifty Total Market Momentum Quality 50 Index Fund3.20%1 +15%
Samco Small Cap Fund0.30%1 -84%
Groww Nifty Total Market Index Fund0.09%0 -8%
Angel One Nifty Total Market Index Fund0.09%0 -8%
Motilal Oswal BSE 1000 Index Fund0.09%0 -9%
Mirae Asset Nifty Total Market Index Fund0.09%0 -8%
Bandhan Nifty Total Market Index Fund0.09%0 -8%
Samco Multi Cap Fund0.00%0 -100%
Samco Active Momentum Fund0.00%0 -100%

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 23% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 11% of total assets in 2026
lookAuditor change Auditor change 2026-08-07: Cupid Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: ASM long-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-25Aditya Kumar HalwasiyaPromoter groupbuy162,938SAST Open Market
2026-09-24Aditya Kumar HalwasiyaPromoter groupbuy2,200,000SAST Open Market
2026-09-23Aditya Kumar HalwasiyaPromoter groupbuy1,100,000SAST Open Market
2026-09-22Aditya Kumar HalwasiyaPromoter groupbuy2,400,000SAST Open Market
2026-09-21Aditya Kumar HalwasiyaPromoter groupbuy4,100,000SAST Open Market
2025-07-29Saurabh V. KarmaseKey Managerial Personnelother70,000Rs 0.05 CrESOP
2024-12-06Columbia Petro Chem Private LimitePromotersother87,172Rs 0.72 Cr-
2024-12-06Columbia Petro Chem Private LimitePromotersother2,000Rs 0.02 Cr-
2024-12-05Columbia Petro Chem Private LimitePromotersother58,678Rs 0.49 Cr-
2024-12-04Columbia Petro Chem Private LimitePromoterssell96,000Rs 0.82 CrMarket Sale
2024-12-04Columbia Petro Chem Private LimitePromoterssell4,000Rs 0.03 CrMarket Sale
2024-11-19Aditya Kumar HalwasiyaPromotersbuy505,000Rs 4.25 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹157 Cr +141.5% vs Jun 2025. Net profit ₹44 Cr +193.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-03-09Bonus 4:10.2000
2024-04-04Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2024-04-04Bonus 1:10.5000
2023-09-18Dividend - Rs 3 Per Share
2022-11-24Interim Dividend - Rs 2 Per Share
2022-09-19Dividend - Rs 3.50 Per Share
2021-11-25 Interim Dividend - Re 1 Per Share
2021-09-17 Dividend - Rs 3.50 Per Share
2020-12-17 Annual General Meeting
2020-11-19 Interim Dividend - Re 1 Per Share
2020-03-16 Interim Dividend - Rs 3.5 Per Share
2019-11-21 Interim Dividend - Rs 1 Per Share
2019-09-19 Dividend - Rs 3 Per Share
2018-11-19 Interim Dividend - Re 1 Per Share
2018-10-11 Bonus 1:50.8333
2018-09-18 Dividend Rs 2/- Per Share/ Special Dividend Re 0.50 Per Share
2017-11-17 Interim Dividend - Rs 2/- Per Share
2017-08-29 Dividend - Rs 2/- Per Share
2016-11-08 Interim Dividend Re 1/- Per Share
DateTypeWhat it says
2026-09-30Press ReleaseA Press Release dated Sep 30, 2026, titled "Q2 FY27 Business Updates".
2026-09-28General UpdatesDisclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011
2026-09-26AcquisitionConversion of upto 30,00,000Warrants, in or more tranches, of Baazar Style Retail Limited ( Baazar Style ) held by the Company
2026-09-25General UpdatesDisclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
2026-09-24General UpdatesDisclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
2026-09-23General UpdatesDisclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
2026-09-23Shareholder meetingVoting results.
2026-09-22Press ReleaseA press release dated September 22, 2026, titled "Cupid Limited Highlights Strong FY26 Performance & Expanding Growth Platform at 33rd AGM".
2026-09-22General UpdatesDisclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-09-21General UpdatesDisclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011
2026-09-15General UpdatesDisclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011
2026-09-11General UpdatesDisclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011
2026-09-10General UpdatesIEPF Notice sent to Shareholders.
2026-09-09General UpdatesIntimation of Disclosure Under Regulation 29(2) Of SEBI (SAST)Regulations, 2011
2026-09-01General UpdatesIntimation of Disclosure Under Regulation 29(2) Of SEBI (SAST)Regulations, 2011
2026-08-28General UpdatesCompany Has Dispatched Letter Providing The Web-Link To Those Members Whose E-Mail Addresses Are Not Registered With Company / Registrar And Share Tra...
2026-08-28Press ReleaseA press release dated August 28, 2026, titled "Cupid Limited Receives In-Principle Board Approval for South African Manufacturing Venture".
2026-08-28General UpdatesIn-principle approval for the establishment of a South African manufacturing venture with a South African partner.
2026-08-26General UpdatesIntimation of Disclosure Under Regulation 29(2) Of SEBI (SAST)Regulations, 2011
2026-08-25General UpdatesBusiness Responsibility and Sustainability Reporting ( BRSR ) for the Financial Year 2025-26
2026-08-25Shareholder meetingNotice of 33rd Annual General Meeting ( AGM ) and Annual Report for the Financial Year 2025-26 including Report on Business Responsibility and Sustain...
2026-08-25General UpdatesIntimation of Disclosure Under Regulation 29(2) Of SEBI (SAST)Regulations, 2011
2026-08-24General UpdatesIntimation of Disclosure Under Regulation 29(2) Of SEBI (SAST)Regulations, 2011
2026-08-18General UpdatesIntimation of Disclosure Under Regulation 29(2) Of SEBI (SAST)Regulations, 2011.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-30500
2026-09-29910
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1Scrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03