CUPIDFast Moving Consumer Goods

Cupid Limited

Personal Care · ISIN INE509F01029 · BSE 530843 · NSE EQ · FV ₹1
Last price
₹279
-0.30%today
What this company does

Cupid Limited operates in Personal Care, part of the Fast Moving Consumer Goods sector. It booked ₹155 cr of revenue in its latest quarter (Q1 FY27) and kept 28.5% of sales as profit. It is the 4th largest of 9 Personal Care companies we track, by market value.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Fast Moving Consumer Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 27–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
56

At close. Not part of the score.

Profitability & returns93

How much profit it earns on the money it employs

Balance sheet79

How much it owes, and whether earnings cover the interest

Cash quality22

Whether reported profit actually arrives as cash

Valuation3

What today's price implies, against our models or its peers

Governance & risk71

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 29% net margin
Sales up 159% vs last year
Profit up 194% vs last year
Promoters hold 46%
Strong 39% return on equity
Turns profit into real cash
Watch-outs
! 8.0% of promoter stake pledged

What if I invest in CUPID?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹279 -0.30%
latest close · 2026-09-17
52-wk low ₹20442 sessions so far52-wk high ₹299
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio211.5High
LowAverageHigh
P/B ratio83.26High
Below bookModerateHigh
EV / EBITDA150.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity39.2%Strong
WeakFairStrong ▸15%
Return on capital51.9%Strong
WeakFairStrong
Net margin28.5%Strong
ThinDecentStrong
EBITDA margin40.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.11Comfortable
LowModerateHigh ▸1
Interest cover54.8×Strong
RiskyOkayStrong ▸5×
Current ratio4.67Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹37,536 cr
Book value
₹3
EPS
₹0.33
latest quarter
Net debt
₹-118 cr
more cash than debt
Enterprise value
₹37,419 cr
EBITDA
₹249 cr
annualised
EBIT
₹244 cr
annualised
Operating margin
39.4%
Return on assets
31.9%
Earnings yield
0.47%
P/S
60.65
Sales / share
₹4.6
Tax rate
26.3%
Face value
₹1
Shares
134.5 cr
Working capital
₹303 cr
Current assets
₹385 cr
Current liabilities
₹83 cr
Delivery %
36.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹3₹6, midpoint ₹5

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹155 cr
Other Income₹2 cr
Total Income₹157 cr
Cost of Materials₹19 cr
Purchases of Stock-in-Trade₹55 cr
Inventory Change (±)₹-9 cr
Employee Benefit Expense₹9 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹21 cr
Total Expenses₹97 cr
Profit before Tax₹60 cr
Tax Expense₹16 cr
Net Profit₹44 cr
Net margin on total income28.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹65 cr41.3%
Employee benefit expense₹9 cr5.5%
Finance costs₹1 cr0.7%
Depreciation & amortisation₹1 cr0.8%
Other expenses₹21 cr13.6%
Tax expense₹16 cr10.0%
Profit for the period₹44 cr28.1%
Total income ₹157 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue93 cr120 cr155 cr
Total income104 cr132 cr157 cr
Expenses61 cr85 cr97 cr
Profit before tax43 cr47 cr60 cr
Tax10 cr11 cr16 cr
Net profit (owners' share)33 cr36 cr44 cr
Net margin (owners' share, on revenue)35.1%30.2%28.5%
EPS (₹)1.220.270.33
YoY (latest quarter): total income +142.5% · net profit +194.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹553 cr
Shareholder equity
₹451 cr
parent shareholders
Total debt
₹51 cr
Cash
₹169 cr
Cash flow · H1 FY26
Operating
₹23 cr
Investing
₹89 cr
Financing
₹6 cr
Peer comparison
Personal Care · by market value
CompanyPriceMarket capP/E
Godrej Consumer Products Limited₹873₹89,325 cr44.3
Dabur India Limited₹385₹68,219 cr28.9
Colgate Palmolive (India) Limited₹1,840₹50,056 cr36.5
Cupid Limitedthis company₹279₹37,536 cr211.5
Procter & Gamble Hygiene and Health Care Limited₹7,613₹24,712 cr48.9
Gillette India Limited₹7,307₹23,814 cr37.3
Emami Limited₹376₹16,417 cr29.8
Honasa Consumer Limited₹460₹15,024 cr41.5
Bajaj Consumer Care Limited₹502₹6,563 cr23.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹3
ex 18 Sep 2023
ActionDetailEx-date
Bonus issue1:49 Mar 2026
Stock splitStock Split From Rs.10/- to Rs.1/-4 Apr 2024
Bonus issue1:14 Apr 2024
Dividend₹3 / share18 Sep 2023
Dividend₹2 / share24 Nov 2022
Dividend₹3.5 / share19 Sep 2022
Who owns it · 2026-06-30
8.0% pledged
Promoter
46.2%
FII / Foreign
4.2%
DII / Domestic
0.3%
Retail / others
49.2%
Promoter stake up 1.4% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSaurabh V. Karmase · Key Managerial Personnel70,000 · ₹4.9 L29 Jul 25
SoldColumbia Petro Chem Private Limited · Promoters87,172 · ₹71.5 L6 Dec 24
SoldColumbia Petro Chem Private Limited · Promoters2,000 · ₹1.6 L6 Dec 24
Bulk / block deals
short · NSE5015 Sep 26
short · NSE1,00027 Aug 26
short · NSE526 Aug 26
Stake changes
BoughtAditya Kumar Halwasiya · promoter→ 33.69% · 8.61 L1 Sep 26
BoughtAditya Kumar Halwasiya · promoter→ 33.62% · 11.00 L26 Aug 26
BoughtAditya Kumar Halwasiya · promoter→ 33.54% · 97,39225 Aug 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 24 Feb 2026
See the official result
1
Increase in threshold of loans / guarantees, providing of securities and making of investments in securities under section 186 of the Companies Act, 2013.
Backed by 85% of shareholders other than promotersneeded 75%
37.54 L votes for, 6.65 L against · 54% of mutual funds and other big investors said no
2
Increase in Authorised Capital and the Alteration of Capital Clause in Memorandum of Association of the company.
Backed by 87% of shareholders other than promotersneeded 50%
38.62 L votes for, 5.57 L against · 46% of mutual funds and other big investors said no
3
Issue of Bonus Shares.
Backed by 100% of shareholders other than promotersneeded 50%
44.23 L votes for, 511 against · 0% of mutual funds and other big investors said no
4
Continuation of Directorship of Mr. Rajinder Singh Loona (DIN: 02305074) as a Non-Executive Independent Director of the Company post attaining the age of 75 years.
Backed by 91% of shareholders other than promotersneeded 75%
40.23 L votes for, 3.97 L against · 32% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 46.2% between them · as of 2026-06-30
ADITYA KUMAR HALWASIYA33.29%
COLUMBIA PETRO CHEM PRIVATE LIMITED12.95%
Adar Hotels Private Limitedno shares
AJAY KUMAR HALWASIYAno shares
ANKITA JAIN HALWASIYAno shares
EKTA HALWASIYAno shares
JAIDEEP HALWASIYAno shares
Universal Petrochemicals Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹385 cr raised in Mar 2024 by selling shares to selected investors

As of Sep 2025, the company says it has spent 25% of what it set aside, leaving ₹289 cr still to be spent. Crisil Ratings Limited watches the spending on the exchange’s behalf.

Enhancement of capacities and certifications in the company's existing manufacturing facility
57%
₹20 cr of ₹35 cr
Strategic foreign Acquisitions and/or Joint Ventures
0%
₹0 cr of ₹245 cr
Formation of new foreign subsidiaries to streamline sales, marketing and distribution of the company's products abroad
0%
₹0 cr of ₹9 cr
Working capital requirements
100%
₹58 cr of ₹58 cr
General corporate purpose
48%
₹19 cr of ₹39 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.