Under Rs 100: Small-Cap Company Bags Order from CIPLA, Stock Gains Over 620% in Just 1 Year!

The shares of the company have delivered a return of over 620 per cent to its shareholders in just 1 year only.

Cupid Limited announced that it has bags an initial order from Cipla Health to manufacture a range of male condoms under the Cipla brand. Following this initial rollout, Cipla Health has committed to placing regular, sizable orders for male condoms with Cupid Limited in the coming quarters.

Swapnil Dhage, Marketing Manager at Cupid Limited, commented, "We have had productive discussions with the Cipla Health team and are excited about this long-term and mutually beneficial partnership. Securing this initial order is a significant milestone for us, and we look forward to growing our business with Cipla Health."

He added, "Cupid is dedicated to manufacturing top-quality products, whether under our brand or for established players and new market entrants. We are enthusiastic about taking on all opportunities to deliver excellence.

Share Performance:

Today, the company’s stock closed at Rs 94.91. The company’s current market capitalization stands at Rs 2546.96 crore. The stock has delivered a multibagger return of around 621 per cent in just 1 year. Recently, the company has announced bonus shares in the ratio of 1:1 also the stock underwent a split in the ratio of 10:1 this year only.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 63 crore and an operating profit of Rs 31 crore. The operating profit margin for the quarter stands at 49 per cent. The company’s net profit stood at Rs 24 crore. In FY24, the company reported a revenue of Rs 171 crore compared to Rs 159 crore, and a net profit of Rs 40 crore, compared to a profit of Rs 32 crore in the previous year.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.