4:1 Bonus Share Alert: Get 4 Free Shares for Every One Share Held
Kiran DSIJ / 30 Jan 2026 / Categories: Bonus and Spilt Shares, Multibaggers, Trending
The shares of the company gave multibagger returns of over 700 per cent from its 52-week low of Rs 50 per share and a whopping 3,200 per cent in 3 years.
On Friday, shares of Cupid Limited jumped 13.3 per cent to Rs 442 per share from its previous closing of Rs 390.25 per share. The stock’s 52-week high is Rs 527.40 per share and its 52-week low is Rs 50 per share. The shares of the company saw a Spurt in Volume by more than 3 times on the BSE.
Cupid Limited has reported a landmark performance for Q3FY26, marking the strongest quarter in the company's history. The healthcare and wellness leader achieved a staggering 201 per cent year-on-year growth in EBITDA and a 196 per cent rise in Net Profit, driven by disciplined execution and robust demand across its diversified business segments. With an all-time high Order Book providing multi-year revenue visibility, management is confident in exceeding its full-year guidance, projecting annual revenue to surpass Rs 335 crore and net profit to exceed Rs 100 crore.
The company’s export-led B2B operations remain a primary growth engine, bolstered by significant international contracts such as the five-year National Female and Male Condom Program in South Africa, valued at approximately Rs 115 crore annually. Beyond exports, the domestic FMCG business is scaling rapidly through a vast distribution network of over 1.50 lakh retail outlets. To further this momentum, Cupid is expanding its global footprint with a strategic move into the GCC region, having received in-principle approval to establish a manufacturing facility in Saudi Arabia to serve Middle Eastern markets.
In addition to its core contraceptive business, the Diagnostics (IVD) division is emerging as a critical future growth driver. The company is currently producing 15 types of rapid test kits with plans to more than double its daily production capacity to 4 lakh kits by the end of 2026. This expansion is supported by prestigious certifications like the EU IVDR, which paves the way for entry into regulated European markets. This technological and operational scaling, combined with aggressive R&D, ensures that the company is well-positioned to capture increasing demand in both government and private healthcare sectors.
To reward shareholders during this period of exceptional growth, Cupid’s Board of Directors has approved a 4:1 bonus issue. This initiative will grant eligible shareholders four fully paid-up equity shares for every one share held, a move designed to improve stock affordability and enhance market liquidity. By broadening the investor base and encouraging retail participation, the company is aligning its capital structure with its long-term growth trajectory, signalling strong management confidence as it heads into FY27 with record momentum.
About the Company
Established in 1993, CUPID Limited, India's premier manufacturer and brand of male and female condoms, water-based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly and other FMCG Products. The company operates with a strong commitment to public health and well-being, maintaining ethical business practices aligned with international standards. In alignment with its strategic growth plans, the company has recently expanded its product offerings to include Fast-Moving Consumer Goods (FMCG) such as fragrance products (Eau De Perfumes, Deodorants, Pocket Perfumes), personal care items (Toilet Sanitisers, Hair & Body Oils, Hair Removal Sprays, Face Wash) and other wellness solutions.
In March 2024, the company completed a strategic land acquisition in Palava, Maharashtra, enabling it to amplify its production capacity. As a result, the annual production capacity will be augmented by approximately 770 million male condoms and 75 million female condoms. The company has a prominent presence in international markets and is the first company in the world to attain WHO / UNFPA pre-qualification for both male and female condoms. CUPID currently exports its products to over 125 countries, with a substantial portion of its revenue generated from international markets.
The company has a market cap of over Rs 11,000 crore. The shares of the company gave multibagger returns of over 700 per cent from its 52-week low of Rs 50 per share and a whopping 3,200 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.