Debut Plus

212.98

-6.68 -3.04%

17 Jul 2026

NSE Listed · FMCG

ASM 1

Cupid Limited (CUPID)

Volume: 4,32,10,670Avg Vol 1W: 3,13,37,948Avg Vol 1M: 3,41,30,50452W Range:26.87226
Market Cap₹28,639 Cr
Current Price₹212.98
Previous Close₹219.66
High / Low (52w)₹226 / ₹26.87
Volume4,32,10,670
Avg Vol (1W)3,13,37,948
Avg Vol (1M)3,41,30,504
Stock P/E788.81
Book Value₹3.35
Dividend Yield0%
ROE24.01%
ROA19.56%
Revenue (TTM)₹374 Cr
Revenue Growth
Profit Margin30.26%
Total Debt₹56 Cr
Shares Outstanding134 Cr
Face Value₹1
EPS (TTM)₹0.8
P/B63.53
Debt / Equity0.05
50 DMA₹190.05
200 DMA₹125.8
Day change-3.04%
SurveillanceASM 1 (as of 2026-07-17)
Price Chart
212.98 215.90% · 1Y
2214030.0Cr
2025-11-24
2026-07-16

20-day avg volume: 3.6Cr shares

Pros
  • Healthy return on equity of 24.0%.
  • Company is almost debt-free.
  • Revenue grew 14% YoY.
Cons
  • Stock trades at a high P/E of 789.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹39 Cr₹42 Cr₹46 Cr₹56 Cr₹60 Cr₹84 Cr₹94 Cr₹120 Cr
EBITDA₹11 Cr₹15 Cr₹15 Cr₹17 Cr₹20 Cr₹33 Cr₹44 Cr₹48 Cr
Net Profit₹8 Cr₹10 Cr₹11 Cr₹12 Cr₹15 Cr₹24 Cr₹33 Cr₹36 Cr
EPS
Profit & Loss (Annual)
MetricMar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹83 Cr₹81 Cr₹164 Cr₹148 Cr₹137 Cr₹164 Cr₹178 Cr₹203 Cr
EBITDA₹0 Cr₹0 Cr₹53 Cr₹39 Cr₹25 Cr₹43 Cr₹54 Cr₹57 Cr
Net Profit₹21 Cr₹0 Cr₹40 Cr₹29 Cr₹17 Cr₹32 Cr₹40 Cr₹41 Cr
EPS29.8721.7312.952.261.481.51
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹165 Cr₹152 Cr₹174 Cr₹189 Cr₹320 Cr₹372 Cr
Total Liabilities₹61 Cr₹22 Cr₹32 Cr₹22 Cr₹19 Cr₹30 Cr
Equity₹103 Cr₹131 Cr₹142 Cr₹167 Cr₹301 Cr₹342 Cr
Total Debt₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹51 Cr₹19 Cr₹44 Cr₹21 Cr₹2 Cr
Investing₹-9 Cr₹-13 Cr₹-22 Cr₹-80 Cr₹45 Cr
Financing₹-33 Cr₹3 Cr₹-11 Cr₹99 Cr₹-1 Cr
Free Cash Flow₹51 Cr₹19 Cr₹44 Cr₹21 Cr₹2 Cr
Shareholding
Promoter 46.24% Institutions 4.51% Public 49.25%
About Cupid Limited

FMCG · Personal Care - Indian

Cupid Limited designs, manufactures, markets, and exports male and female condoms in India. The company offers water based lubricant jellies; in vitro diagnostic kits, including rapid diagnostic, viral transport medium, typhoid antibody, syphilis antibody, HIV 1 and 2 kit antibody, dengue IgG/IgM, malaria Pf-Pv and Pf-PAN antigen, hepatitis B (HbsAg) antigen, hepatitis C (HCV) antibody, pregnancy detection testing kit, LH ovulation testing kit, and dengue NS1 testing kit; and personal care products including deodorants, perfumes, toilet sanitizers, menstrual cups, petroleum jelly, hair and body oils, and hair removal sprays. It also exports its products to countries in Africa, Europe, Asia-Pacific, North America, Middle East, and South America. The company was formerly known as Cupid Condom Limited and changed its name to Cupid Limited in January 2006. The company was incorporated in 1993 and is based in Nashik, India.

www.cupidlimited.com
Efficiency & Working Capital
ROCE28.6%
Interest Coverage27.8
Dividend Payout
Debtor Days133 d
Inventory Days83 d
Payable Days2 d
Cash Conversion Cycle214 d
Working Capital Days216 d
Shareholding Details

As of 2026-03-31

Promoter46%
FII1%
DII0.2%
Institutions1.2%
Public52.8%
Promoter Pledge24.8%
No. of Shareholders2,09,610
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Apr 2024Apr 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters45.1%44.8%44.8%44.8%44.8%45.6%42.5%42.5%42.5%45.6%45.6%46%
FIIs0.4%5.2%5.4%5.4%6%3.3%3.1%1.6%0.9%2.6%1.5%1%
DIIs0%1.1%1%1%0.3%0%0%0.1%0.1%0.3%0.3%0.2%
Public54.5%48.9%48.8%48.8%48.9%51.1%54.3%55.7%56.4%51.5%52.7%52.8%
Promoter Pledge56.2%39.2%39.2%39.2%46.3%31%40.5%40.5%36%36.1%19%24.8%
No. of Shareholders25,58233,76143,36243,36295,6391,12,2361,16,3741,23,37999,81397,4831,45,8062,09,610
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Aditya Kumar HalwasiyaShareholding of Promoter and Promoter Group32.9%44.24 Cr
Columbia Petro Chem Private LimitedShareholding of Promoter and Promoter Group13%17.42 Cr
Setu Securities Pvt LtdPublic Shareholding3.6%4.84 Cr
Cliff Trexim Private LimitedPublic Shareholding3.5%4.71 Cr
Veena GargPublic Shareholding2.6%3.55 Cr
Vajra Machineries Private LimitedPublic Shareholding1.6%2.14 Cr
Unitbhai Shantilal MehtaPublic Shareholding1.4%1.93 Cr
Majestic Commercial Private LimitedPublic Shareholding1.4%1.86 Cr
Radharani Sales Private LimitedPublic Shareholding1.3%1.80 Cr
Highpoint Commercial Private LimitedPublic Shareholding1.3%1.70 Cr
Garg Brothers Private LimitedPublic Shareholding1.1%1.45 Cr
Ekta HalwasiyaShareholding of Promoter and Promoter Group0.2%23,48,147
Ankita Jain HalwasiyaShareholding of Promoter and Promoter Group0%0
Ajay Kumar HalwasiyaShareholding of Promoter and Promoter Group0%0
Jaideep HalwasiyaShareholding of Promoter and Promoter Group0%0
Universal Petrochemicals LimitedShareholding of Promoter and Promoter Group0%0
Adar Hotels Private LimitedShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Aditya Kumar Halwasiya15.16 Cr34.3%2026-03-31
Ajay Kumar Halwasiya00%2026-03-31
Jaideep Halwasiya00%2026-03-31
Ekta Halwasiya18,17,96077.4%2026-03-31
Ankita Jain Halwasiya00%2026-03-31
Columbia Petro Chem Private Limited00%2026-03-31
Universal Petrochemicals Limited00%2026-03-31
Adar Hotels Private Limited00%2026-03-31
Veena Garg00%2026-03-31
Unitbhai Shantilal Mehta00%2026-03-31
Garg Brothers Private Limited00%2026-03-31
Cliff Trexim Private Limited00%2026-03-31
Board of Directors
NameDesignationYear
Aditya Kumar HalwasiyaChairman / Executive Director / M D / Promoter2025
Ajay Kumar HalwasiyaExecutive Director2025
T V RaoIndependent Non Exe. Director2025
Rajni Anil MisraIndependent Non Exe. Director2025
RAJINDER SINGH LOONAIndependent Non Exe. Director2025
Santosh Ramesh DesaiIndependent Non Exe. Director2025
Akshay KumarIndependent Non Exe. Director2025
Smeeta Harsha BhatkalIndependent Non Exe. Director2025
Shaina ChudasamaNon Executive Director2025
Saurabh V KarmaseCompany Sec. & Compli. Officer2025
Soundara PandianAdditional Director2025
Meharbaba Prasad KalidasuAdditional Director2025
Segments — Product
SegmentRevenueShare
Manufacturing of Contraceptives₹0 Cr
Segments — Geography
RegionRevenueShare
Domestic Sales₹87 Cr48.2%
Other Countries₹94 Cr51.8%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹1502727
Corporate Actions
TypeDateValueRemark
bonus2026-03-094:14:1 Bonus Issue Of Equity Shares
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000203
2025000000
2025000202
Insider / Designated-Person Trades

30 recent disclosure(s)

Saurabh V. KarmaseAcquisition · 70,000
Columbia Petro Chem Private Limited RevisedDisposal · 58,678
Columbia Petro Chem Private Limited RevisedDisposal · 87,172
Columbia Petro Chem Private Limited RevisedDisposal · 2,000
Columbia Petro Chem Private LimitedDisposal · 96,000
Columbia Petro Chem Private LimitedDisposal · 4,000
Substantial Acquisitions (SAST)

30 disclosure(s)

Market03/06/2026 · 21,00,000
Market02/06/2026 · 26,00,000
Market30/03/2026 · 4,80,000
Market20/03/2026 · 8,00,000
Market05/02/2026 · 6,46,513
Market26/09/2025 · 5,00,000
Company Information
Incorporated1993
ChairmanAditya Kumar Halwasiya
AuditorChaturvedi Sohan & Co
Investor Email[email protected]; info@cupidlimi
🌐 www.cupidlimited.com

📍 A-68 MIDC Sinnar, Melegaon, Nashik, Maharashtra, 422113

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