Reported Earnings • May 17
Full year 2026 earnings released: EPS: ₹0.81 (vs ₹0.30 in FY 2025) Full year 2026 results: EPS: ₹0.81 (up from ₹0.30 in FY 2025). Revenue: ₹3.91b (up 113% from FY 2025). Net income: ₹1.08b (up 165% from FY 2025). Profit margin: 28% (up from 22% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 260% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Apr 29
Cupid Limited to Report Q4, 2026 Results on May 15, 2026 Cupid Limited announced that they will report Q4, 2026 results on May 15, 2026 Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: ₹1.22 (vs ₹0.41 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.22 (up from ₹0.41 in 3Q 2025). Revenue: ₹1.04b (up 125% from 3Q 2025). Net income: ₹328.3m (up 197% from 3Q 2025). Profit margin: 32% (up from 24% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 213% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 09
Cupid Limited to Report Q3, 2026 Results on Jan 29, 2026 Cupid Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Announcement • Jan 05
Cupid Limited Revises Earnings Guidance for the Fiscal Year 2026 Cupid Limited revised earnings guidance for the Fiscal year 2026. For the year, the Management remains confident of exceeding its earlier FY26 guidance of INR 3,350 million in revenue and INR 1,000 million in PAT, supported by operating efficiencies, stable demand, and execution progress. New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (45% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹0.90 (vs ₹0.37 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.90 (up from ₹0.37 in 2Q 2025). Revenue: ₹844.5m (up 103% from 2Q 2025). Net income: ₹241.3m (up 140% from 2Q 2025). Profit margin: 29% (up from 24% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 188% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
Cupid Limited to Report Q2, 2026 Results on Nov 12, 2025 Cupid Limited announced that they will report Q2, 2026 results on Nov 12, 2025 New Risk • Oct 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. New Risk • Sep 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Sep 02
Cupid Limited, Annual General Meeting, Sep 26, 2025 Cupid Limited, Annual General Meeting, Sep 26, 2025, at 12:30 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹0.56 (vs ₹0.31 in 1Q 2025) First quarter 2026 results: EPS: ₹0.56 (up from ₹0.31 in 1Q 2025). Revenue: ₹598.0m (up 53% from 1Q 2025). Net income: ₹150.1m (up 82% from 1Q 2025). Profit margin: 25% (up from 21% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 146% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 16
Cupid Limited (BSE:530843) acquired an unknown minority stake in GII Healthcare Investment Limited. Cupid Limited (BSE:530843) acquired an unknown minority stake in GII Healthcare Investment Limited on July 15, 2025. Cupid Limited Approves Strategic lnvestment in Gll Healthcare lnvestment Limited.
Cupid Limited (BSE:530843) completed the acquisition of an unknown minority stake in GII Healthcare Investment Limited on July 15, 2025. Announcement • Jul 07
Cupid Limited to Report Q1, 2026 Results on Aug 08, 2025 Cupid Limited announced that they will report Q1, 2026 results at 3:30 PM, Indian Standard Time on Aug 08, 2025 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹104, the stock trades at a trailing P/E ratio of 68.2x. Average trailing P/E is 62x in the Personal Products industry in India. Total returns to shareholders of 906% over the past three years. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹1.53 (vs ₹1.49 in FY 2024) Full year 2025 results: EPS: ₹1.53 (up from ₹1.49 in FY 2024). Revenue: ₹2.03b (up 19% from FY 2024). Net income: ₹408.9m (up 2.6% from FY 2024). Profit margin: 20% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 10
Cupid Limited to Report Q4, 2025 Results on May 21, 2025 Cupid Limited announced that they will report Q4, 2025 results on May 21, 2025 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹73.69, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 47x in the Personal Products industry in India. Total returns to shareholders of 462% over the past three years. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.41 (vs ₹0.33 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.41 (up from ₹0.33 in 3Q 2024). Revenue: ₹507.6m (up 25% from 3Q 2024). Net income: ₹110.4m (up 25% from 3Q 2024). Profit margin: 22% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 24
Cupid Limited to Report Q3, 2025 Results on Feb 14, 2025 Cupid Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Announcement • Jan 21
Cupid Limited Announces Resignation of Kuldeep Halwasiya as Chairman and Executive Director Cupid Limited announced that Mr. Kuldeep Halwasiya has tendered his resignation as the Chairman and Executive Director of the company with effect from close of business hours on January 20, 2025 citing personal reasons and other business commitments. Announcement • Dec 19
Cupid Limited Announces Board Appointments Cupid Limited has strengthened its Board with the appointment of four new directors held on December 19, 2024. Ms. Smeeta Bhatkal, Mr. Santosh Desai and Mr. Akshay Kumar have joined as Independent Directors and Ms. Shaina NC has joined as a Non-Executive Director to support Cupid's commitment to maximising shareholder value by focusing on growing its existing international and domestic business, entering into new international markets and successfully scaling Cupid's recent foray into India's B2C FMCG space. Ms. Smeeta Bhatkal is Dean, BFSI at Welingkar Institute of Management. Currently she is also pursuing a Ph. D. at Mumbai University and has 16 years of corporate experience in the investment banking and financial services space and has spent 22 years as an educator and mentor to her students. Mr. Santosh Desai is one of India's best-known social commentator and advertising and marketing professional. He is the Managing Director and CEO of Future Brands Ltd. and the Founder of Think9 Consumer Technologies Pvt Ltd. He was also President of McCann- Erickson, one of India's premier advertising agencies, having been strategically involved in building key brands for a range of local and multinational clients in his 21 year advertising career. An avid columnist, author and public speaker he enjoys sharing complex ideas through simple everyday references. Mr. Akshay Kumar has had a successful corporate career in India and abroad working for global companies such as Unilever, Citibank, Standard Chartered, Bharti Airtel, Millicom across multiple industries like FMCG, Retail Banking, Telecom and Transportation. A MBA graduate from IIM Ahmedabad, he is a process oriented leader with a high market and customer sensitivity having taught International Marketing at IIM Shillong and IIM Bodh Gaya. Ms. Shaina NC is a renowned fashion designer, social worker and politician. She has been a frequent participant in debates on television news channels, where she discusses current events, political and social issues. Ms. Shaina is also involved in social work through her charity fashion shows and two NGOs, `I Love Mumbai' and `Giants Welfare Foundation'. She holds a degree in political science from St. Xavier's College, Mumbai and a diploma in fashion design from the Fashion Institute of Technology in New York. New Risk • Dec 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹6.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (71% accrual ratio). Minor Risk Significant insider selling over the past 3 months (₹6.8m sold). Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹0.37 (vs ₹0.19 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.37 (up from ₹0.19 in 2Q 2024). Revenue: ₹415.5m (up 21% from 2Q 2024). Net income: ₹100.4m (up 96% from 2Q 2024). Profit margin: 24% (up from 15% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 21
Cupid Limited to Report Q2, 2025 Results on Nov 12, 2024 Cupid Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Recent Insider Transactions • Sep 17
MD & Additional Executive Director recently bought ₹34m worth of stock On the 13th of September, Aditya Halwasiya bought around 400k shares on-market at roughly ₹85.54 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Aditya's only on-market trade for the last 12 months. Announcement • Sep 04
Cupid Limited, Annual General Meeting, Sep 28, 2024 Cupid Limited, Annual General Meeting, Sep 28, 2024, at 16:00 Indian Standard Time. Reported Earnings • Aug 06
First quarter 2025 earnings released: EPS: ₹0.31 (vs ₹0.081 in 1Q 2024) First quarter 2025 results: EPS: ₹0.31 (up from ₹0.081 in 1Q 2024). Revenue: ₹440.3m (up 31% from 1Q 2024). Net income: ₹82.6m (up 283% from 1Q 2024). Profit margin: 19% (up from 6.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹96.73, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 64x in the Personal Products industry in India. Total returns to shareholders of 735% over the past three years. Announcement • Jul 25
Cupid Limited to Report Q1, 2025 Results on Aug 05, 2024 Cupid Limited announced that they will report Q1, 2025 results on Aug 05, 2024 Recent Insider Transactions • Jun 22
Chief Operating Officer recently sold ₹3.8m worth of stock On the 19th of June, Durgesh Garg sold around 40k shares on-market at roughly ₹94.73 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹4.5m. Durgesh has been a net seller over the last 12 months, reducing personal holdings by ₹16m. Recent Insider Transactions • May 31
Company Secretary & Compliance Officer recently sold ₹1.9m worth of stock On the 27th of May, Saurabh Karmase sold around 20k shares on-market at roughly ₹96.16 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹4.5m. Insiders have been net sellers, collectively disposing of ₹23m more than they bought in the last 12 months. Recent Insider Transactions • Apr 23
Chief Operating Officer recently sold ₹3.7m worth of stock On the 18th of April, Durgesh Garg sold around 30k shares on-market at roughly ₹122 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹4.5m. Durgesh has been a net seller over the last 12 months, reducing personal holdings by ₹12m. Reported Earnings • Apr 09
Full year 2024 earnings released: EPS: ₹2.98 (vs ₹1.18 in FY 2023) Full year 2024 results: EPS: ₹2.98 (up from ₹1.18 in FY 2023). Revenue: ₹1.78b (up 12% from FY 2023). Net income: ₹398.5m (up 26% from FY 2023). Profit margin: 22% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 127% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹1.57b (US$18.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change). Significant insider selling over the past 3 months (₹17m sold). Market cap is less than US$100m (₹1.57b market cap, or US$18.8m). Recent Insider Transactions • Apr 02
Chief Operating Officer recently sold ₹4.5m worth of stock On the 27th of March, Durgesh Garg sold around 2k shares on-market at roughly ₹2,230 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Durgesh has been a net seller over the last 12 months, reducing personal holdings by ₹8.4m. Announcement • Mar 30
Cupid Limited to Report Q4, 2024 Results on Apr 08, 2024 Cupid Limited announced that they will report Q4, 2024 results at 3:30 PM, Indian Standard Time on Apr 08, 2024 New Risk • Mar 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Significant insider selling over the past 3 months (₹6.3m sold). Announcement • Mar 15
Cupid Limited announced that it has received INR 963.05 million in funding from Elara Capital Plc., Forbes EMF, Zeal Global Opportunities Fund, Nova Global Opportunities Fund PCC - Touchstone, Arrow Emerging Opportunities Fund Limited, Aries Opportunities Fund Limited Cupid Limited announced a private placement of 2,200,000 convertible warrant at a price of INR 437.75 for the gross proceeds of INR 963,050,000 on March 14, 2024. The transaction will include participation from new investors, Elara India Opportunities Fund, a fund managed by, Elara Capital Plc., Forbes EMF, Zeal Global Opportunities Fund, Nova Global Opportunities Fund PCC - Touchstone, Arrow Emerging Opportunities Fund Limited, Aries Opportunities Fund Limited all participating for 400,000 warrants each. The warrants were issued on preferential basis. Recent Insider Transactions • Feb 28
Chief Financial Officer recently sold ₹1.2m worth of stock On the 23rd of February, Narendra Joshi sold around 510 shares on-market at roughly ₹2,360 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Narendra's only on-market trade for the last 12 months. Reported Earnings • Jan 25
Third quarter 2024 earnings released: EPS: ₹6.65 (vs ₹7.52 in 3Q 2023) Third quarter 2024 results: EPS: ₹6.65 (down from ₹7.52 in 3Q 2023). Revenue: ₹400.5m (down 4.1% from 3Q 2023). Net income: ₹88.6m (down 12% from 3Q 2023). Profit margin: 22% (down from 24% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 102% per year, which means it is well ahead of earnings. Announcement • Jan 24
Cupid Limited Announces Directors Appointment The Board of Directors of Cupid Limited at its meeting held on January 23, 2024 considered and approved the appointment of Mr. Ajay Halwasiya as an Additional Director and an Executive Director of the company. Profile of Ajay Halwasiya; Cupid Limited University: Bachelors in Business Management- 2014, Graduated from Singapore Management University in 2014 with a Major in Entrepreneurship. High School- 2010, Graduated from La Martiniere for Boys, Kolkata in 2010. ORGANIZATIONS ASSOCIATED WITH; A & A SYNERGY DMCC Shareholder & Managing Director 2015 - Present, A&ASYNERGYLIMITED Promoter & Manager of a Proprietary lnvestment Desk domiciled in UAE which focuses on Global Capital Markets & lnternational Real Estate. Director & Shareholder of PLUS HOLDING LIMITED 2022 - Present THREE MUSKETEERS HOSPITALITY Managing the operations & development of A Five Star Hotel Project at Al Marjan lsland - Ras Al Khaimah.AA INFRA PROPERTIES LTD Director. AA rNFRA (ME) LTD 2016 - 2021. Shareholder & Director RAPID VENTURES LTD 2018 - 2021. Hobbie; Reading - Tennis - Swimming - Traveling - Financial Analysis. Announcement • Jan 06
Cupid Limited to Report Q3, 2024 Results on Jan 23, 2024 Cupid Limited announced that they will report Q3, 2024 results on Jan 23, 2024 Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,016, the stock trades at a trailing P/E ratio of 52.9x. Average trailing P/E is 57x in the Personal Products industry in India. Total returns to shareholders of 328% over the past three years. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹3.84 (vs ₹6.43 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.84 (down from ₹6.43 in 2Q 2023). Revenue: ₹344.6m (down 24% from 2Q 2023). Net income: ₹51.2m (down 40% from 2Q 2023). Profit margin: 15% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Announcement • Nov 04
Cupid Limited to Report Q2, 2024 Results on Nov 08, 2023 Cupid Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Board Change • Oct 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Chairman Kuldeep Halwasiya is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹603, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 56x in the Personal Products industry in India. Total returns to shareholders of 205% over the past three years. Announcement • Oct 26
Cupid Limited Announces Board Resignations Cupid Limited announced resignation of Mr. Omprakash Garg, Mrs. Veena Garg, Mr. Suresh Chand Garg, Mr. Sunil Sureka and Ms. Nalini Mishra from the Directorship and from membership of all committees of the board with immediate effect. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹476, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 58x in the Personal Products industry in India. Total returns to shareholders of 139% over the past three years. Upcoming Dividend • Sep 11
Upcoming dividend of ₹3.50 per share at 1.2% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 25 October 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (1.5%). Announcement • Aug 31
Cupid Limited, Annual General Meeting, Sep 25, 2023 Cupid Limited, Annual General Meeting, Sep 25, 2023, at 12:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the company for the financial year ended 31st March, 2023 together with the Report of the Directors and the Auditors thereon; to declare a dividend on equity shares; to appoint a Director in place of Mrs. Veena Garg and to consider other matters. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: ₹1.62 (vs ₹3.47 in 1Q 2023) First quarter 2024 results: EPS: ₹1.62 (down from ₹3.47 in 1Q 2023). Revenue: ₹336.8m (up 9.3% from 1Q 2023). Net income: ₹21.6m (down 53% from 1Q 2023). Profit margin: 6.4% (down from 15% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jul 24
Cupid Limited to Report Q1, 2024 Results on Jul 31, 2023 Cupid Limited announced that they will report Q1, 2024 results on Jul 31, 2023 Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹300, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 59x in the Personal Products industry in India. Total returns to shareholders of 51% over the past three years. Announcement • May 31
Cupid Limited Announces Board Changes Cupid Limited announced the outcome of board meeting submitted on 27 May 2023, that the board has reconstituted the audit committee as follows: Mr. Jandhyala L. Sharma – Chairperson; Ms. Nalini Mishra - Member; Mr. Omprakash Garg - Member. However, the reconstitution of audit committee should be read as follows instead of: Mr. Jandhyala L. Sharma - Chairperson; Mr. Sunil Sureka – Member; Mr. Omprakash Garg - Member. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹23.68 (vs ₹12.96 in FY 2022) Full year 2023 results: EPS: ₹23.68 (up from ₹12.96 in FY 2022). Revenue: ₹1.59b (up 20% from FY 2022). Net income: ₹315.8m (up 83% from FY 2022). Profit margin: 20% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • May 19
Cupid Limited to Report Q4, 2023 Results on May 27, 2023 Cupid Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 27, 2023 Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: ₹7.52 (vs ₹1.77 in 3Q 2022) Third quarter 2023 results: EPS: ₹7.52 (up from ₹1.77 in 3Q 2022). Revenue: ₹417.6m (up 15% from 3Q 2022). Net income: ₹100.3m (up 325% from 3Q 2022). Profit margin: 24% (up from 6.5% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jan 23
Cupid Limited to Report Q3, 2023 Results on Jan 30, 2023 Cupid Limited announced that they will report Q3, 2023 results on Jan 30, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 17% share price gain to ₹275, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 57x in the Personal Products industry in India. Total returns to shareholders of 37% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹6.43 (vs ₹3.33 in 2Q 2022) Second quarter 2023 results: EPS: ₹6.43 (up from ₹3.33 in 2Q 2022). Revenue: ₹452.5m (up 38% from 2Q 2022). Net income: ₹85.8m (up 93% from 2Q 2022). Profit margin: 19% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 12
Upcoming dividend of ₹3.50 per share Eligible shareholders must have bought the stock before 19 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (1.3%). Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹3.47 (vs ₹4.43 in 1Q 2022) First quarter 2023 results: EPS: ₹3.47 (down from ₹4.43 in 1Q 2022). Revenue: ₹308.2m (down 4.7% from 1Q 2022). Net income: ₹46.3m (down 22% from 1Q 2022). Profit margin: 15% (down from 18% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Jun 05
Full year 2022 earnings released: EPS: ₹12.95 (vs ₹21.73 in FY 2021) Full year 2022 results: EPS: ₹12.95 (down from ₹21.73 in FY 2021). Revenue: ₹1.33b (down 8.3% from FY 2021). Net income: ₹172.8m (down 40% from FY 2021). Profit margin: 13% (down from 20% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹266, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 40x in the Personal Products industry in India. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 20% share price gain to ₹303, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 46x in the Personal Products industry in India. Total returns to shareholders of 147% over the past three years. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.77 (down from ₹7.13 in 3Q 2021). Revenue: ₹362.2m (down 23% from 3Q 2021). Net income: ₹23.6m (down 75% from 3Q 2021). Profit margin: 6.5% (down from 20% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 18
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 07 December 2021. Trailing yield: 2.0%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (1.3%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹4.43 (vs ₹4.44 in 1Q 2021) The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2022 results: Revenue: ₹323.5m (up 16% from 1Q 2021). Net income: ₹59.1m (flat on 1Q 2021). Profit margin: 18% (down from 21% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 05
Full year 2021 earnings released: EPS ₹21.73 (vs ₹29.87 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.49b (down 7.7% from FY 2020). Net income: ₹289.8m (down 27% from FY 2020). Profit margin: 20% (down from 25% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 17
New 90-day low: ₹212 The company is down 1.0% from its price of ₹214 on 19 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 7.0% over the same period.