Document Dates
August 25, 2026 (AGM Notice), August 07, 2026 (Corporate Governance), May 15, 2026 (Financial Statements)
Comprehensive Summary
Financial Performance Highlights
Cupid Limited delivered exceptional FY26 results with revenue from operations surging 95% to ₹357.71 crore (₹183.52 crore in FY25) and net profit skyrocketing 165% to ₹108.23 crore (₹40.93 crore in FY25). Total comprehensive income reached ₹108.15 crore, while EPS stood at ₹0.81 (adjusted for bonus issue). The company achieved its highest quarterly performance in Q4 FY26 with total income of ₹132.04 crore, representing 116% YoY growth.
Capital Structure and Corporate Actions
The company executed a 4:1 bonus share issue during FY26, increasing paid-up capital from ₹26.85 crore to ₹134.47 crore. Additionally, 4,65,000 shares were issued under the Employee Stock Option Plan 2022. The authorized share capital was increased to ₹150 crore from ₹50 crore to accommodate future growth initiatives.
Operational and Strategic Milestones
Key achievements included commencement of premium nitrile (NBR) female condom development, advancement of Palava manufacturing facility with integrated dual-polymer technology, and receipt of CE (EU IVDR) certifications for key IVD products. The company secured a long-term supply contract with Partnership for Supply Chain Management (PFSCM) and deployed ₹119.81 crore towards Baazar Style Retail investment. Exports contributed ₹208.13 crore (59.3% of total revenue), reaching 125+ countries.
Balance Sheet and Financial Position
As of March 31, 2026, the company maintained a strong balance sheet with total assets of ₹553.49 crore (standalone), including cash and cash equivalents of ₹168.67 crore, inventories of ₹70.04 crore, and trade receivables of ₹100.79 crore. The company operated with total borrowings of ₹50.97 crore and maintained a debt-free profile with comfortable leverage ratios.
AGM and Corporate Governance Details
The 33rd Annual General Meeting is scheduled for September 22, 2026, via video conferencing. Key agenda items include adoption of financial statements, re-appointment of Mr. Aditya Kumar Halwasiya as Director, and appointment of new independent directors. The board composition includes 7 directors with promoter holding at approximately 46.03% and reduced pledge of 3.42%.
Outlook and Guidance
The company enhanced its FY2027 guidance to ₹725-750 crore revenue and ₹210-225 crore net profit, with FY2028 target of ₹1,085 crore revenue and FY2029 aspiration of ₹1,500 crore revenue. Growth drivers include expanding FMCG distribution, high-margin consumer revenue, global tender growth, new diagnostics products, and operating leverage benefits.
Regulatory Compliance and Disclosures
Auditors issued unmodified opinions on both standalone and consolidated financial statements with no reported instances of fraud. The company maintained compliance with SEBI Listing Regulations and Companies Act 2013. Significant disclosures include Micro and Small Enterprises dues of ₹211.97 lakh outstanding as of March 31, 2026, and contingent liabilities of ₹664.42 lakh in bank guarantees.
Sustainability and CSR Initiatives
The company spent ₹1.01 crore on CSR activities focusing on education, environmental sustainability, and healthcare. Environmental metrics included 21,377 m³ ETP inlet water processed and 618,810 kWh renewable electricity consumed, demonstrating commitment to sustainable operations.
Subsidiary Performance
Cupid Invesco Limited (Dubai subsidiary) reported total assets of ₹25.78 lakh and net loss of ₹3.10 lakh for FY26. The subsidiary maintains 100% ownership by Cupid Limited with principal activity focused on trading of goods.