Cupid Share Price Target 2024,2025,2026,2030

Hello friends, Welcome back to another blog post, We’ll talk about Cupid share price target 2024,2025,2026,2030 business fundamentals, products and services, and necessary key metrics.

In this article, we’ll also discuss the company’s growth prospects, opportunities, and possible risk factors.

Let’s explore Cupid share price targets for 2024,2025,2026 and 2030. To know more read the article!

Cupid Share Price Target 2024,2025,2026,2030

Company Overview

Cupid Ltd is involved in the business of production, dealing, and marketing  male condoms, female condoms, lubricant jelly, and many more products. Founded in the year of 1993, The company has a market capitalization of Rs 2,969 crore on 26,2024.

Its RoE is 21 per cent and RoCE is 27 per cent. The company markets its products under different brand names such as Bull, Big Dom, Hi-Life, Fantasy, Desire, Green Love, and Cupid.

The company sees huge potential in the condoms and related product in the financial FY2025-26.

Also Read :Varun Beverages Share Price Target 

Financial Analysis of Cupid

Cupid posted its Q3 FY24 results. The company revenue from operation declined by 4.1 per cent to Rs 40.05 crore as compared to the previous year same quarter Rs 41.76 crore due to slow demand.

 While profit for the same period decreased by 11.66 percent to Rs 8.86 crore as against Q3 FY23.

Operating profit for Q3 FY24 declined 8.52 per cent to Rs 12.88 crore as compared to the corresponding year’s same quarter at Rs 14.08 crore.

If we see earnings per equity (EPS) for December 2023, decreased from Rs 7.52 in Q3 FY 23 to Rs 6.65 in Q3 FY24.

New Update

Revenue and Profit for Q4 FY24

Cupid Ltd a condom maker announced quarterly results for Q4 FY24 (31 MARCH 2024). The company’s revenue from operations increased by 52 percent to Rs 63 crore. Revenue from operation reported for the period of Q4 FY23 to Rs 41.50 crore.

Whereas net profit for the period of Q4 FY24 reported, 189 percent increased to  Rs 23.7 crore as against Rs 8.3 crore in the same quarter a year ago.

Fundamentals of Cupid Ltd

Market Cap	3,251 crore
EPS	18.4
RoE	20.3%
RoCE	26.4%
Stock P/E	133
Sector P/E	37.8
Book Value	128
Debt to Equity	0.05
Dividend Yield	0.10%
Current Price	2,423
Face Value	10
52-Week High/Low	2,833/240

Cupid Share Price Target 2024,2025,2026,2030 Table

Years	First Target	Second Target
Cupid Share Price Target 2024	2870	3000
Cupid Share Price Target 2025	3550	3760
Cupid Share Price Target 2026	4400	4600
Cupid Share Price Target 2027	5700	5900
Cupid Share Price Target 2028	6850	7000
Cupid Share Price Target 2030	11,400	12,000

Cupid Share Price Target 2024 

Recently, the Board of directors of Cupid Ltd declared a bonus issue in the ratio of 1:1, it means 1 bonus equity share for 1 equity share of investors or stakeholders, face value of Rs 1 each fully paid up.

The company also declared a stock split or sub-division of face value Rs 10 into 10 equity shares that means 1:10 ratio of face value Rs 1 each share. The company did not announce the record date for split and bonus share.

The corporate action taken by the company increased liquidity and boosted the retail investors sentiment.

In addition, we concluded that share price of Cupid will initially reach at Rs 2870 and further grew up to Rs 3000.

 

Cupid Share Price Target 2025

Earlier, the company declared land acquisition to increase its production capacity about 1.5 times of current capacity.

Now, the company’s manufacturing capacity will be increased to over 770 million male condoms and 75 million female condoms.

Therefore, the initial share price target of Cupid could reach up to Rs 3550 whereas in bull run maximum share price target in 2025 will reach at Rs 3760 and looking for further growth potential in future.

 Also Read: Sarveshwar Foods Share Price Target

Cupid Share Price Target 2026

Cupid Ltd is doing their business in India as well as internationally. The company is doing over 90 per cent of its business from the global market. It exports its products to about 105 countries at present time.

For further growth perspective, it is important to raise awareness regarding use of condoms.

Rising awareness for use of condoms in men and women both create more opportunities to generate high revenue growth in upcoming days.

We look for strong growth possibility in share price target for Cupid will reach in 2026 at Rs 4,400 and further upside potential to reach at Rs 4,600.

 Cupid Share Price Target 2027

The company posted positive quarterly (Q3FY24) as well as yearly(FY23) numbers. Its RoE is 21 per cent and RoCE is 27 per cent.

With a market cap of Rs 3,251 crore, Multi-bagger stock, Cupid delivered 850 per cent returns to its investor from a 52-week low of Rs 235.30 a share. 

Additionally, a new management team joins the company with acquired 41.8 per cent stake in the company. Columbia Petro Chem Private Limited and Mr. Aditya Kumar Halwasiya is a new management team member who joined the company.

We look for higher growth possibility in revenue and operating profit in future. Therefore we’ll see the initial target price of Cupid to reach at Rs 5700 while in bull case reach at Rs 5900.

 

Cupid Share Price Target 2028

Cupid Ltd is widely presence in India as well as globally including countries like Africa, Europe, Oceania, North America and South America and it is being the first company in the world to succeed UNFPA pre-qualification for supply male and female condoms as well.

The company’s 90 per cent revenue come from international market and its continuous focus on to enhance its presence to reach more and more countries.

All these facts provide us more insights to growth potential, therefore we’ll look for more upside share price target of Cupid in 2028 to reach up to Rs 6850 and in favorable market condition reach to Rs 7000.

Cupid Share Price Target 2030

Here, we are providing you some important key facts about company below list.

• Cupid has presence over 105 countries globally.
• 90 per cent revenue come from international countries.
• Strong export business.
• The company has in house research and development (R&D) operation team.
• The company has over two decades of experience.
• The company has world class manufacturing facilities across 100,000 sq. ft. and equipped with German technology for condom manufacturing.
• Strong revenue and operating profit, debt free company.

As we see analysis and research, the company is looking strong upside potential. Though the company’s sales are a range bound but with increasing awareness, demand of products sharply increase in future.

Therefore, you can look for initial share price target of Cupid will reach at Rs 11,400 while maximum upside at Rs12000.

Conclusion

In this article, we are explain all necessary key metrics including fundamentals, quarterly earnings, important ratios, products and businesses.

The company does its business domestic as well as internationally, its 90 per cent revenue comes from globally.

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We’ll happy to answer your queries if any.