Cupid Limited (CUPID) AI Stock Analysis

• Market Cap: ₹108.51B
• Dividend Yield: N/A
• Average Volume (3M): 227.77K
• Price to Earnings (P/E): 105.9
• Beta (1Y): 1.24
• Revenue Growth: 34.55%
• EPS Growth: 20.95%
• Country: IN
• Employees: 169
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Household & Personal Products
• EPS (TTM): 0.24
• Shares Outstanding: 1,344,660,600
• 10 Day Avg. Volume: 444,612
• 30 Day Avg. Volume: 227,772
• PEG Ratio: 20.03
• Price to Book (P/B): 4.82
• Price to Sales (P/S): 9.13
• P/FCF Ratio: -53.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹98.00 ▼(-79.10% Downside)
• Action: Reiterated Date: 01/23/26
• Date: Action: Reiterated 01/23/26

The score is primarily supported by strong financial health (notably the balance sheet and operating efficiency), but is meaningfully reduced by weak cash flow generation and a very expensive valuation. Technicals are mixed, reflecting a near-term pullback while the longer-term trend remains constructive.

Positive Factors

Balance sheet strength

Low leverage and a high equity ratio provide durable financial flexibility to fund working capital, meet tender collateral or financing requirements, and absorb shocks. A strong ROE indicates management extracts good returns from capital, supporting long-term reinvestment and growth without heavy debt dependence.

Negative Factors

Negative free cash flow

Persistent negative free cash flow and poor conversion of net income into operating cash reduce internal funding for capex, working capital and dividends. Over months this raises reliance on external financing, constrains strategic flexibility, and increases liquidity and refinancing risk if conditions tighten.

Cupid Limited Business Overview & Revenue Model

Company Description

Cupid Limited designs, manufactures, and markets male and female condoms in India and internationally. The company also offers water based lubricant jellies; hand sanitizers; and hair removal creams. In addition, it provides contract manufacturing...

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Cupid Limited designs, manufactures, and markets male and female condoms in India and internationally. The company also offers water based lubricant jellies; hand sanitizers; and hair removal creams. In addition, it provides contract manufacturing...

How the Company Makes Money

Cupid Limited primarily makes money by manufacturing and selling contraceptive and sexual wellness products. Its key revenue streams typically include: (1) Institutional/B2B sales, where condoms (and potentially other products) are supplied in bul...

Read more

Cupid Limited primarily makes money by manufacturing and selling contraceptive and sexual wellness products. Its key revenue streams typically include: (1) Institutional/B2B sales, where condoms (and potentially other products) are supplied in bul...

Cupid Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	2.44B	1.81B	1.68B	1.56B	1.33B	1.41B
Gross Profit	1.48B	1.13B	1.08B	904.96M	707.46M	903.00M
EBITDA	893.64M	612.71M	561.05M	455.73M	273.02M	411.79M
Net Income	616.88M	408.87M	398.55M	315.83M	172.79M	289.83M
Balance Sheet
Total Assets	4.42B	3.72B	3.20B	1.89B	1.74B	1.52B
Cash, Cash Equivalents and Short-Term Investments	2.05B	1.55B	1.87B	782.87M	736.37M	668.99M
Total Debt	267.55M	189.90M	120.58M	59.75M	87.97M	0.00
Total Liabilities	610.07M	295.84M	186.53M	217.07M	318.91M	215.29M
Stockholders Equity	3.81B	3.42B	3.01B	1.67B	1.42B	1.31B
Cash Flow
Free Cash Flow	179.71M	-308.26M	-171.54M	301.67M	16.03M	380.10M
Operating Cash Flow	233.97M	-113.67M	78.42M	327.11M	102.39M	418.88M
Investing Cash Flow	886.18M	449.12M	-798.43M	-218.62M	-134.94M	-88.17M
Financing Cash Flow	62.48M	-14.65M	987.72M	-109.47M	26.61M	-330.25M

Cupid Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 469.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CUPID, the sentiment is Positive. The current price of 469 is above the 20-day moving average (MA) of 81.31, above the 50-day MA of 82.76, and above the 200-day MA of 55.96, indicating a neutral trend. The MACD of -0.92 indicates Positive momentum. The RSI at 48.28 is Neutral, neither overbought nor oversold. The STOCH value of 50.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CUPID.

Cupid Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BAJAJCON	68 Neutral	₹47.23B	18.62	―	―	6.03%	0.51%
EMAMILTD	64 Neutral	₹180.22B	18.06	―	1.91%	0.84%	-2.44%
HONASA	64 Neutral	₹95.64B	46.47	―	―	10.59%	67.55%
JYOTHYLAB	64 Neutral	₹78.69B	31.99	―	1.24%	1.62%	-7.32%
CUPID	63 Neutral	₹108.51B	105.91	―	―	34.55%	20.95%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GODREJCP	59 Neutral	₹1.06T	62.79	―	1.67%	5.77%	―

Cupid Limited Corporate Events