Cupid Limited (CUPID) · mywealthgrid

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About

Cupid Limited manufactures personal care products in Consumer Staples sector, operating at ₹39,518 Cr market cap with recent quarterly revenues of ₹154.72 Cr and operating margins of 38.82%. Strong profitability with ROE 27.3% and conservative leverage (D/E 0.11) makes high-efficiency operator in growth category.

Face value: ₹1

Market cap

₹42,022 Cr

P/E

305.9×

P/B

93.2×

Dividend yield

ROE

27.3%

ROCE

35.4%

Debt / equity

0.11

OPM

32.6%

EPS (TTM)

₹1.0

Book value

₹3.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation extremely elevated at PE 287.68; verify if near-term earnings growth can justify multiple or stock has run ahead of fundamentals
Stock returned 774.9% in one year — assess correction risk and whether revenue growth can sustain momentum
Quarterly revenue base of ₹154.72 Cr remains modest; verify capital intensity and scaling path without external funding
FII shareholding only 4.17% and DII 0.34%; confirm institutional confidence and board-level governance quality

Generated analysis · source review pending

Growth drivers

Revenue scaled 83% in nine months (₹84.43 Cr to ₹154.72 Cr); verify if driven by volume, pricing, distribution expansion, or new products
Operating margin stable at 31–38% while scaling — confirm if cost discipline, pricing differentiation, or product mix shifts underpin efficiency
ROE of 27.3% on low leverage (D/E 0.11) means retained earnings can fund growth; verify capital deployment efficiency and whether balance sheet has excess capacity
FII shareholding jumped from 1.01% (Mar 2026) to 4.17% (Jun 2026) in three months; assess if reflects fundamental upgrade or market rotation

Generated analysis · source review pending

2,477 historical price candles were omitted because the exchange source has not been verified.

₹312.5+8.5%1Y

Quick read

rule-based

Pros

+Strong return on equity of 21.3% (3-yr avg)
+High return on capital employed of 28.3%
+Healthy operating margin of 32.6%
+Profit CAGR of 84.3% over the last 3 years
+Revenue CAGR of 39.2% over the last 3 years
+Comfortable interest coverage of 51.7×

Cons

−Expensive at 305.9× trailing earnings
−Trading at 93.2× book value

Research score

Structured signal from quality, growth, valuation and momentum.

65/100

Business quality: 95
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 100 NIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Godrej Consumer Products LimitedGODREJCPGODREJCP	₹85,949 Cr	₹90,085 Cr	₹16,050 Cr	₹3,257 Cr	20.8%	₹2,052 Cr	12.3%	23.9%	15.1%	12
Colgate Palmolive (India) LimitedCOLPALCOLPAL	₹47,192 Cr	₹47,192 Cr	₹6,204 Cr	₹1,900 Cr	31%	₹1,348 Cr	22%	106.4%	81.6%	-188
Cupid LimitedCUPIDCUPID	₹42,022 Cr	₹42,073 Cr	₹453 Cr	₹160 Cr	32.6%	₹137 Cr	30.3%	35.4%	27.3%	200
Gillette India LimitedGILLETTEGILLETTE	₹22,491 Cr	₹22,491 Cr	₹3,176 Cr	₹961 Cr	30.3%	₹668 Cr	21%	—	—	—
Procter & Gamble Hygiene And Health Care LimitedPGHHPGHH	₹21,577 Cr	₹21,577 Cr	₹4,245 Cr	₹1,075 Cr	25.3%	₹791 Cr	18.6%	—	—	—
Emami LimitedEMAMILTDEMAMILTD	₹16,266 Cr	₹16,389 Cr	₹3,915 Cr	₹976 Cr	25.5%	₹748 Cr	20.5%	30.3%	27.6%	8
Honasa Consumer LimitedHONASAHONASA	₹13,950 Cr	₹13,950 Cr	₹2,553 Cr	₹301 Cr	9.9%	₹249 Cr	8.4%	19.5%	15.4%	-78
Bajaj Consumer Care LimitedBAJAJCONBAJAJCON	₹6,516 Cr	₹6,516 Cr	₹1,240 Cr	₹264 Cr	19%	₹223 Cr	16.3%	30.5%	25.3%	42
Recode Studios LtdRECODERECODE	₹477 Cr	—	₹80 Cr	₹17 Cr	20.7%	₹11 Cr	14%	—	—	—
Radix Industries (India) LtdRADIXINDRADIXIND	₹193 Cr	₹193 Cr	₹48 Cr	₹4 Cr	7.6%	₹3 Cr	6.3%	19.6%	14.5%	65
H. R. Hygiene Products LtdHRHYGIENEHRHYGIENE	₹143 Cr	—	—	—	—	—	—	—	—	—
Jhs Svendgaard Laboratories LimitedJHSJHS	₹102 Cr	₹117 Cr	₹109 Cr	₹3 Cr	2.6%	₹-2 Cr	-1.9%	-0.8%	-1.1%	45

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
	144	133	159	184	358
COGS	—	—	—	67	148
Gross profit	—	—	—	116	210
	—	—	—	74	93
	36	23	41	42	117
OPM %	25.1%	17.3%	25.9%	22.7%	32.6%
Depreciation	3	3	3	4	5
Interest	0	0	1	2	3
	5	4	5	20	34
Profit before tax	38	25	42	55	142
Tax	—	—	—	14	34
Tax %	—	—	—	25.5%	24%
	29	17	32	41	108
PAT margin %	20.2%	13%	19.8%	22.3%	30.3%
EPS (₹)	—	—	—	1.5	0.8
EPS adjusted (₹)	0.2	0.1	0.2	0.3	0.8
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Equity capital	13	13	13	27	134
Reserves	118	129	154	315	316
	0	9	6	13	51
	22	23	16	17	51
Total equity & liabilities	152	174	189	372	553
	29	31	36	67	67
CWIP	—	—	—	6	25
Investments	—	—	—	103	75
	—	—	—	196	386
Total assets	152	174	189	372	553

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
	42	10	33	-11	46
	-9	-13	-22	45	28
	-33	3	-11	-1	35
Net cash flow	0	-1	-0	32	110
Free cash flow	—	—	—	-31	21
CFO / Operating profit %	116.3%	44.6%	79.2%	-27.3%	39.5%

Compounded sales growth

7 years: —
5 years: —
3 years: 39%
1 year: 95%

Compounded profit growth

7 years: —
5 years: —
3 years: 84%
1 year: 165%

Return on equity

7 years: —
5 years: 18%
3 years: 18%
Last year: 24%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	63.3%	58.6%
EBITDA margin %	25.1%	17.3%	25.9%	22.7%	32.6%
EBIT margin %	23.3%	15.3%	24.1%	20.3%	31.2%
PAT margin %	20.2%	13%	19.8%	22.3%	30.3%
Working capital
Receivable days	—	—	—	133	103
Inventory days	—	—	—	226	173
Payable days	—	—	—	7	75
NWC days	—	—	—	352	200
Leverage
Current ratio	5.89	4.46	7.58	13.3	4.67
Debt to EBITDA	0	0.38	0.14	0.3	0.44
Debt to equity	0	0.06	0.04	0.04	0.11
Interest coverage	98.9	189.6	54.6	27.8	51.7
Asset turnover	0.94	0.76	0.84	0.49	0.65
Return ratios
Return on assets %	19%	9.9%	16.7%	11%	19.6%
Return on capital employed %	29.3%	17.9%	27.6%	21.9%	35.4%
Return on equity %	22.1%	12.2%	18.9%	11.9%	24%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45.06%	45.06%	44.8%	44.8%	45.61%	42.52%	42.52%	42.52%	45.55%	45.55%	46.03%	46.24%
	0.34%	0.45%	5.2%	5.97%	3.33%	3.14%	1.63%	0.95%	2.58%	1.48%	1.01%	4.17%
	0%	1.53%	1.08%	0.34%	0%	0%	0.11%	0.11%	0.34%	0.3%	0.17%	0.34%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	54.6%	52.96%	48.92%	48.89%	51.06%	54.34%	55.74%	56.42%	51.53%	52.67%	52.79%	49.25%
No. of shareholders	—	—	—	—	—	—	—	—	97,483	1,45,806	2,09,610	2,95,432

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

0.13%

of the company's equity

All mutual funds

0.33%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 3 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	17.61 L	49.38	1.98%	0.131%	-38,545
SMALL CAP FUNDNEW	Samco Mutual Fund	20,805	0.58	0.3%	0.002%	—
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	12,052	0.34	0.09%	0.001%	+56
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1,994	0.06	0.09%	0%	+2

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results7 Aug 2026

1

Face value ₹10 → ₹14 Apr 2024 · ex-date

3

Bonus 4:19 Mar 2026 · ex-date
Bonus 1:14 Apr 2024 · ex-date
Bonus 1:511 Oct 2018 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

50 announcementsExport CSV

30 Sept 2026, 8:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	63.3%	58.6%
EBITDA margin %	25.1%	17.3%	25.9%	22.7%	32.6%
EBIT margin %	23.3%	15.3%	24.1%	20.3%	31.2%
PAT margin %	20.2%	13%	19.8%	22.3%	30.3%
Working capital
Receivable days	—	—	—	133	103
Inventory days	—	—	—	226	173
Payable days	—	—	—	7	75
NWC days	—	—	—	352	200
Leverage
Current ratio	5.89	4.46	7.58	13.3	4.67
Debt to EBITDA	0	0.38	0.14	0.3	0.44
Debt to equity	0	0.06	0.04	0.04	0.11
Interest coverage	98.9	189.6	54.6	27.8	51.7
Asset turnover	0.94	0.76	0.84	0.49	0.65
Return ratios
Return on assets %	19%	9.9%	16.7%	11%	19.6%
Return on capital employed %	29.3%	17.9%	27.6%	21.9%	35.4%
Return on equity %	22.1%	12.2%	18.9%	11.9%	24%

205 deals · 21 Apr 2022 – 10 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Mar 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	35,00,492	₹93.71	₹32.80 Cr
10 Mar 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	35,00,492	₹93.73	₹32.81 Cr
10 Mar 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	22,29,483	₹93.42	₹20.83 Cr
10 Mar 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	21,92,620	₹93.97	₹20.60 Cr
10 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	18,70,439	₹93.57	₹17.50 Cr
10 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	18,70,390	₹93.52	₹17.49 Cr
10 Mar 2026	QE SECURITIES LLP	Bulk	NSE	Buy	17,73,964	₹93.28	₹16.55 Cr
10 Mar 2026	QE SECURITIES LLP	Bulk	NSE	Sell	17,52,548	₹93.48	₹16.38 Cr
9 Mar 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	31,92,268	₹90.06	₹28.75 Cr
9 Mar 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	31,75,679	₹89.72	₹28.49 Cr

1–10 of 205

1 / 21

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
30 Sept 2026, 8:00 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
29 Sept 2026, 11:00 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
28 Sept 2026, 6:36 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 6:25 pm	Company Update General	Intimation Of Disclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011	PDF
22 Sept 2026, 6:45 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
22 Sept 2026, 6:23 pm	Company Update General	Intimation Of Disclosure Under Regulation 29(2) Of SEBI (SAST) Regulations, 2011	PDF
22 Sept 2026, 5:15 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
22 Sept 2026, 10:45 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF

Cupid Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Board meetings1

Stock splits1

Bonus issues3

Announcements

Ratio timeline

Not in the F&O segment

Board meetings1

Stock splits1

Bonus issues3

Announcements

Quarterly record

Annual reports

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

3

1

1

3