1:10 Stock Split, 1:1 Bonus: Smallcap Hits Back-To-Back Upper Circuits After Splitting; Q4 Result In Focus

Smallcap stock, CUPID has been on a bullish trend since it split into the ratio of 1:10. But that's not all, CUPID has also determined investors to reward them with bonus shares in the ratio of 1:1. After splitting, the next big development in CUPID is its quarterly results announcement.

CUPID Share Price:

On April 5th, CUPID shares froze at 5% upper circuit to Rs 129 apiece with a market cap of Rs 3,461.78 crore.

On the day it turned ex-split and ex-bonus, CUPID touched a 5% upper circuit as well on April 4th.

The stock's 52-week high and low are now at Rs 141.65 apiece, and Rs 12.01 apiece respectively.

From its 1-year low, the stock is currently up by a whopping 974.10% on BSE.

CUPID Q4 Results:

Cupid has announced 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.

Accordingly, CUPID shares will be in focus next week as well.

During the third quarter of FY24, 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:

CUPID turned ex-split on April 4 which was also its record date to determine eligible shareholders for bonus issue and splitting benefits.

The company split into the ratio of 1:10, 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.

CUPID Bonus Issue:

Also, CUPID turned ex-bonus and identified eligible shareholders on April 4, in the ratio 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.

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.

CUPID Stock Fundamentals:

As per Trendlyne data, the following are the key fundamentals of CUPID stock:

1. Stock Price rose 904.28% and outperformed its sector by 887.52% in the past year.

2. Debt to Equity Ratio of 0.04 is less than 1 and healthy. This implies that its assets are financed mainly through equity.

3. Promoter Share Holding stayed the same in the most recent quarter at 45.06%.

4. Promoter Pledges are zero.

5. Price to Earning Ratio is 141.62, higher than its sector PE ratio of 59.28.

6. Return on Equity(ROE) for the last financial year was 18.89%, in the normal range of 10% to 20%.

7. The Interest Coverage Ratio is 58.46, higher than 1.5. This means that it can meet its interest payments comfortably with its earnings (EBIT).

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