Cupid Ltd
NSE:CUPID
Cupid Ltd
Cupid Ltd. engages in dealing, marketing, and manufacturing of rubber contraceptives and allied prophylactic products. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2004-01-05. The firm is engaged in designing, manufacturing and marketing of male condoms, female condoms and lubricant jelly. Its manufacturing facility is located at Sinnar near Nashik, approximately 200 kilometers east of Mumbai. Its facility has a capacity of approximately 480 million pieces for male condoms, 52 million pieces of female condoms and 210 million sachets of lubricant jelly per annum. The firm offers various flavors, colors, lubricants and silicone-based lubricants in all its male condoms range. Its male condoms are available in various flavors, including natural plain, banana, strawberry, chocolate, apple, pineapple, grapes, rose, jasmine, mint, whisky, rum Jamaica, pan, bubblegum and vanilla. Its male condoms include Cupid Super Dotted Condom and Cupid Multitextured Condom. Its female condom is made from natural rubber latex. The firm offers water-based lubricants, which are available in sachets and tubes.
Cupid Ltd. engages in dealing, marketing, and manufacturing of rubber contraceptives and allied prophylactic products. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2004-01-05. The firm is engaged in designing, manufacturing and marketing of male condoms, female condoms and lubricant jelly. Its manufacturing facility is located at Sinnar near Nashik, approximately 200 kilometers east of Mumbai. Its facility has a capacity of approximately 480 million pieces for male condoms, 52 million pieces of female condoms and 210 million sachets of lubricant jelly per annum. The firm offers various flavors, colors, lubricants and silicone-based lubricants in all its male condoms range. Its male condoms are available in various flavors, including natural plain, banana, strawberry, chocolate, apple, pineapple, grapes, rose, jasmine, mint, whisky, rum Jamaica, pan, bubblegum and vanilla. Its male condoms include Cupid Super Dotted Condom and Cupid Multitextured Condom. Its female condom is made from natural rubber latex. The firm offers water-based lubricants, which are available in sachets and tubes.
Revenue Growth: Revenue for Q3 was about INR 40 crores, up 16% from the previous quarter.
Profit Surge: Net profit after tax jumped 73% versus Q2.
Export Dominance: 89% of Q3 sales were exports, with 11% domestic.
Female Condom Delays: Female condom sales were low at INR 1 crore in Q3 due to export delays; a big rebound is expected in Q4.
Strong Pipeline: Projected Q4 revenue is INR 50–65 crores, with female condom sales around INR 21 crores.
Order Book: Current order book stands at INR 80 crores, mostly international.
Major Fundraise: Company to issue non-convertible shares to FIIs, raising about INR 385 crores, mainly for strategic acquisitions.
Capacity Expansion: Capacity increases and new product introductions planned, with ambitious targets to reach INR 400 crores revenue post-acquisition.
