Microcap company with 250% returns; Cupid Limited

 

Cupid Share rise from Rs.256 Per share to Rs.880 per share

In this article, we will discuss about the company that has generated a lot of wealth for investors in the last 19 years despite the COVID-19 situation and ongoing geopolitical tensions. The company is India FMCG Company and the name of the company is Cupid Limited.

About Company:-

·       Cupid was founded in Year 1991 by Mr. Om Prakash Garg.

·       Company is Indian Leading Condom manufacturing company and deals in Male and Female condoms, Water based lubricant jelly and In Vitro Diagnostics(IVD) kits.

·      Company has manufacturing capacity of approx. 480 million pieces of male condoms, 210 million sachets of lubricant jelly and 52 million female condoms.

·       The company reported revenue of Rs. 34 crore and net profit of Rs. 5 crore for Q2 of FY 2023-24.

Company Returns:-

This stock has given very good returns to its investors. The company has given an excellent return of 242% in its last 7 years. On 16th Sept 2016, the stock was trading at Rs. 256.92 per share and now on 17.11.2023 the stock is trading at Rs. 880 per share. Now if you had invested Rs. 1 lakh in the stock at that time, then its price as on today's date would be Rs 2.42 Lakhs.

The stock prices mentioned include all stock splits and bonuses issued by the company.

Dividend paid by the company:-

The returns mentioned are without considering dividends. Now let us see how much this company has distributed in the last few years:-

Return against dividend:-

The company has paid a dividend of Rs 35.50 per share since 2015. The company has continued to pay dividends even during COVID-19 and ongoing geopolitical tensions. The company has paid a dividend of Rs. 5 per share for the financial year 2022-23. Their dividend yield has been increasing year after year.

Now if you have bought Rs. 1 lakh share of Cupid at a price of Rs. 256.92 per share. As of today, you are holding 389 shares and in against those shares you have already enjoyed get Rs. 13817 as dividend income. Now in Year 2022-23 you could get Rs.1946 as dividend income. This company is microcap company has valuation of Rs.350 crores only but is consistent dividend paying company.