1:10 Split, 1:1 Bonus Soon: Smallcap Stock Announces Q4 Date Ahead Of Splitting; 900% Returns In 1-Year

Leading condoms and personal hygiene maker, Cupid Ltd has announced the date of Q4 results for FY24. The quarterly earnings will be declared after the company's share price turns ex-bonus and ex-split. Cupid is set to reward bonus shares with a 1:1 ratio and split 1 existing share into ten new shares.

Cupid Share Price:

The smallcap stock rose to Rs 2,430 on Monday before correcting and slipping by 4.10% to Rs 2,330.85 apiece. The market cap of the company is at Rs 3,127.48 crore.

On the current price level, the stock is up by a whopping 870.58% from its 52-week low of Rs 240.15 apiece. While from the April 1st intraday high of Rs 2430 apiece, the stock gained as much as 911.86% from the 1-year low.

Its 52-week high is at Rs 2,833 apiece.

Cupid Q4 Results:

As per the regulatory filing, Cupid said that the meeting of the board of directors of the company is scheduled on April 8, 2024, inter alia, to consider and approve Financial results for the quarter and financial year ended March 31, 2024, and other matters.

In Q3FY24, CUPID's revenue from operations grew by 16% from Rs. 34.46 Cr in Q2FY24 to Rs. 40.05 Cr in Q3FY24. While EBITDA increased by 132% from Rs. 5.22 Cr in Q2FY24 to Rs. 12.15 Cr in Q3FY24. And lastly, PAT increased by 73% from Rs. 5.11 Cr in Q2FY24 to Rs. 8.86 Cr in Q3FY24.

CUPID Stock Split:

The company announced a 1:10 stock split, meaning a sub-division of 1 (One) Equity Share of the face value of Rs 101 each fully paid up into 10 (10) Equity Shares of the face value of Re. 1/- each fully paid up.

The record date for the stock split is fixed on April 4, 2024.

CUPID Bonus Issue:

The company is planning bonus issuance of 1:1 -- meaning -- 1 (One) Bonus Equity Share of the face value of Re. 1l- each fully paid up for every 1 (One) existing Equity Share of Face Value of Re, 1/- each fully paid up.

The record date is the same as the stock split.

About CUPID:

Established in 1993, CUPID Limited is India's premier manufacturer of male and female condoms, personal lubricants, and IVD kits. The company boasts a production capacity of up to 480 million male condoms, 52 million female condoms, 210 million sachets of personal lubricant and 20 million IVD Test Kits annually. In December 2023, the company announced a strategic land acquisition that will enable it to amplify its production capacity by 1.5 times the existing output. As a result, the annual production capacity will be augmented by approximately 770 million male condoms and 75 million female condoms.