Rs 194 crore order book: This multibagger micro-cap company receives order worth Rs 17.93 crore from Liber Manufacturing Group Limited!
The company is almost debt free and has been maintaining a healthy dividend payout of 25.50 per cent.
Cupid Limited announce that it has received a purchase order for a supply of male condoms and female condoms worth Rs 17.93 Crore (approx.) from Liber Manufacturing Group Limited. The order is from an international entity and will be completed by March 2024.
"We are excited to receive this valuable repeat order", says Mr Omprakash Garg, CMD, Cupid Limited.
The company strong order book of Rs 177 crore by April 2023. Including the above order, the company’s book stands at Rs 194.93 crore.
On Friday, the shares of Cupid Ltd soared 1.56 per cent to Rs 246.95 per share from its previous closing of Rs 243.15. The stock traded at an intraday high of Rs 247.90 and an intraday low of Rs 241.25. The stock achieved multibagger returns of over 2,000 per cent over the last ten years.
Cupid Ltd was incorporated in 1993 and has a market cap of 330 crore. The company is engaged in the business of dealing, marketing, and manufacturing rubber contraceptives and allied prophylactic products.
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The net sales increased by per cent to Rs 32.13 per cent to Rs 41.50 crore and net profit increased by 99.09 per cent to Rs 8.34 crore in Q4FY23 over Q4FY22. The net sales increased by per cent to Rs 20.03 per cent to Rs 159.33 crore and net profit increased by 82.78 per cent to Rs 31.58 crore in FY23 over FY22.
The stock now has a PE of 10.43x, an ROE of 20.40 per cent and a ROCE of 26.60 per cent. The company is almost debt free and has been maintaining a healthy dividend payout of 25.50 per cent. Investors should keep an eye on this stock.