In Monday’s trading session, the shares of one of the leading Pharma stocks specialised in the manufacturing of female condoms, personal lubricant, and IVD kits jumps upto 5 percent upon receiving new work order worth ~Rs. 18.20 crores from United Nations Population Fund (UNFPA).
Price action
With a market capitalization of 2,114.45 Crores on Monday, the shares of Cupid Limited is up by 4.95 percent making a high of Rs 83.95 compared to its previous closing price of Rs 77.92.
What Happened
Cupid Limited specialised in the manufacturing of female condoms, personal lubricant, and IVD kits, has received a new work order.
Cupid Limited has received a new work order valued at ~Rs. 18.20 crores from United Nations Population Fund (UNFPA) for ) for supply of Male Condoms and Female Condoms.
The orders are part of a Long-Term Agreement (LTA) with UNFPA, an international entity, and contracts are direct orders to be executed between March and May 2025.
About the company
Cupid Limited is one of the leading Pharma stocks specialized in design, development, and manufacturing of medical devices, primarily focusing on contraceptive products.
Cupid Ltd has expanded its product portfolio to include male and female condoms, pregnancy test kits, and other medical devices, contributing to its position as a key provider in the healthcare sector.
The company operates with a strong commitment to quality, innovation, and affordability, aiming to provide effective and accessible healthcare solutions to a diverse customer base across more than 100 countries. It holds multiple patents for its technologies and products, further strengthening its competitive edge.
Key operational Highlights
The design of the greenfield plant at Palava is ready, and the plant is expected to be operational by the end of the calendar year 2025 and the company has launched its B2C business with perfume products, and hair oils, massage oils, and creams are currently under development.
Financials
The company’s revenue rose by 29.7 percent from Rs 36.45 crore to Rs 47.29 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 5.12 crores to Rs 10.04 crore during the same period.
Key Financial ratios
Cupid Limited has an impressive Return on Equity (RoE) of 15.87 percent and a Return on Capital Employed (RoCE) of 21.08 percent. Furthermore, the company’s debt-to-equity ratio is 0.05.
Written by Sridhar J
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