Cupid slumps after uninspiring Q4 results

Cupid lost 7.22% to Rs 290.50 at 12:46 IST on BSE after net profit rose 6.72% to Rs 4.92 crore on 1.37% growth in total revenue to Rs 18.49 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 23 May 2017.

Meanwhile, the S&P BSE Sensex was up 63.83 points or 0.21% at 30,429.08. The S&P BSE Small-Cap index was down 38.02 points or 0.26% at 14,731.84.

On the BSE, 40,000 shares were traded on the counter so far as against the average daily volumes of 1.02 lakh shares in the past one quarter. The stock had hit a high of Rs 309.40 and a low of Rs 285.60 so far during the day.

 

The stock had hit a 52-week high of Rs 374 on 1 November 2016 and a 52-week low of Rs 251.25 on 27 July 2016. It had underperformed the market over the past one month till 23 May 2017, sliding 2.55% compared with the Sensex's 3.41% rise. The scrip had also underperformed the market over the past one quarter, advancing 0.18% as against the Sensex's 5.1% rise.

The small-cap company has equity capital of Rs 11.11 crore. Face value per share is Rs 10.

The company's earnings before interest, taxation, depreciation and amortization (EBITDA) declined 7.57% to Rs 8.18 crore in Q4 March 2017 over Q4 March 2016.

EBITDA margin shrank to 44% in Q4 March 2017, from 49% in Q4 March 2016.

As on 31 March 2017, the company has confirmed orders worth Rs 58 crore and repeat orders of Rs 31 crore both executable in the coming period.

Cupid said it remains confident of its growth over the foreseeable period as it continues to take key strategic initiatives for the scale up. This apart, the company would continue its efforts in evaluating new growth opportunities both through organic and inorganic route.

Cupid's board at its meeting held yesterday, 23 May 2017, recommended final dividend of Rs 2 per share for the year ended March 2017.

Cupid is a leading manufacturer of quality male and female condoms.

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