Cupid Limited (CUPID) - Net Assets

Latest as of September 2025: Rs3.81 Billion INR ≈ $41.22 Million USD

Based on the latest financial reports, Cupid Limited (CUPID) has net assets worth Rs3.81 Billion INR (≈ $41.22 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs4.42 Billion ≈ $47.82 Million USD) and total liabilities (Rs610.07 Million ≈ $6.60 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Cupid Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs3.81 Billion
% of Total Assets	86.2%
Annual Growth Rate	20.07%
5-Year Change	161.51%
10-Year Change	847.12%
Growth Volatility	21.95

Cupid Limited - Net Assets Trend (2006–2025)

This chart illustrates how Cupid Limited's net assets have evolved over time, based on quarterly financial data. Also explore Cupid Limited balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Cupid Limited (2006–2025)

The table below shows the annual net assets of Cupid Limited from 2006 to 2025. For live valuation and market cap data, see market cap of Cupid Limited.

Year	Net Assets	Change
2025-03-31	Rs3.42 Billion ≈ $37.01 Million	+13.58%
2024-03-31	Rs3.01 Billion ≈ $32.58 Million	+80.28%
2023-03-31	Rs1.67 Billion ≈ $18.07 Million	+17.54%
2022-03-31	Rs1.42 Billion ≈ $15.38 Million	+8.66%
2021-03-31	Rs1.31 Billion ≈ $14.15 Million	+26.47%
2020-03-31	Rs1.03 Billion ≈ $11.19 Million	+36.25%
2019-03-31	Rs759.35 Million ≈ $8.21 Million	+15.67%
2018-03-31	Rs656.50 Million ≈ $7.10 Million	+21.57%
2017-03-31	Rs540.02 Million ≈ $5.84 Million	+49.47%
2016-03-31	Rs361.30 Million ≈ $3.91 Million	+49.31%
2015-03-31	Rs241.98 Million ≈ $2.62 Million	+30.04%
2014-03-31	Rs186.08 Million ≈ $2.01 Million	+0.28%
2013-03-31	Rs185.56 Million ≈ $2.01 Million	+11.49%
2012-03-31	Rs166.45 Million ≈ $1.80 Million	+8.04%
2011-03-31	Rs154.06 Million ≈ $1.67 Million	+9.92%
2010-03-31	Rs140.17 Million ≈ $1.52 Million	-7.06%
2009-03-31	Rs150.81 Million ≈ $1.63 Million	-14.80%
2008-03-31	Rs177.01 Million ≈ $1.91 Million	+15.79%
2007-03-31	Rs152.87 Million ≈ $1.65 Million	+44.34%
2006-03-31	Rs105.91 Million ≈ $1.15 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Cupid Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 219506400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs2.20 Billion	64.15%
Common Stock	Rs268.47 Million	7.85%
Other Comprehensive Income	Rs958.39 Million	28.01%
Other Components	Rs3.00K	0.00%
Total Equity	Rs3.42 Billion	100.00%

Cupid Limited Competitors by Market Cap

The table below lists competitors of Cupid Limited ranked by their market capitalization.

Company	Market Cap
Zhejiang Weixing Industrial Development Co Ltd SHE:002003	$1.74 Billion
Quick Intelligent Equipment Co Ltd SHG:603203	$1.74 Billion
Gujarat State Petronet Limited NSE:GSPL	$1.74 Billion
Gas Malaysia Bhd KLSE:5209	$1.74 Billion
BitVentures Limited NASDAQ:BVC	$1.74 Billion
No Va Land Investment Group Corp VN:NVL	$1.74 Billion
Inner Mongolia Lantai Industrial Co Ltd SHG:600328	$1.74 Billion
Greif Inc NYSE:GEF-B	$1.74 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cupid Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 3,012,854,000 to 3,421,924,000, a change of 409,070,000 (13.6%).
Net income of 408,872,000 contributed positively to equity growth.
New share issuances of 112,000 increased equity.
Other comprehensive income decreased equity by 1,347,001.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs408.87 Million	+11.95%
Share Issuances	Rs112.00K	+0.0%
Other Comprehensive Income	Rs-1.35 Million	-0.04%
Other Changes	Rs1.43 Million	+0.04%
Total Change	Rs-	13.58%

Book Value vs Market Value Analysis

This analysis compares Cupid Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 46.77x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 967.52x to 46.77x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs0.12	Rs119.58	x
2007-03-31	Rs0.16	Rs119.58	x
2008-03-31	Rs0.19	Rs119.58	x
2009-03-31	Rs0.15	Rs119.58	x
2010-03-31	Rs0.14	Rs119.58	x
2011-03-31	Rs0.13	Rs119.58	x
2012-03-31	Rs0.12	Rs119.58	x
2013-03-31	Rs0.14	Rs119.58	x
2014-03-31	Rs0.14	Rs119.58	x
2015-03-31	Rs0.18	Rs119.58	x
2016-03-31	Rs0.27	Rs119.58	x
2017-03-31	Rs0.40	Rs119.58	x
2018-03-31	Rs0.49	Rs119.58	x
2019-03-31	Rs0.57	Rs119.58	x
2020-03-31	Rs0.78	Rs119.58	x
2021-03-31	Rs98.10	Rs119.58	x
2022-03-31	Rs1.07	Rs119.58	x
2023-03-31	Rs1.25	Rs119.58	x
2024-03-31	Rs2.25	Rs119.58	x
2025-03-31	Rs2.56	Rs119.58	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cupid Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 11.95%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 22.64%
• Asset Turnover: 0.49x
• Equity Multiplier: 1.09x
Recent ROE (11.95%) is below the historical average (15.42%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	28.58%	23.55%	0.76x	1.59x	Rs19.68 Million
2007	17.70%	14.41%	0.75x	1.64x	Rs11.77 Million
2008	6.14%	4.46%	0.87x	1.57x	Rs-6.83 Million
2009	-18.02%	-21.99%	0.44x	1.86x	Rs-42.26 Million
2010	-13.87%	-22.88%	0.34x	1.77x	Rs-33.46 Million
2011	2.52%	2.03%	0.71x	1.74x	Rs-11.53 Million
2012	3.52%	2.26%	0.99x	1.58x	Rs-10.78 Million
2013	4.62%	3.02%	1.15x	1.33x	Rs-9.98 Million
2014	0.28%	0.27%	0.74x	1.42x	Rs-18.09 Million
2015	31.85%	17.34%	1.27x	1.44x	Rs52.88 Million
2016	44.10%	26.06%	1.21x	1.40x	Rs123.20 Million
2017	38.05%	25.01%	1.30x	1.17x	Rs151.48 Million
2018	26.03%	21.94%	1.00x	1.19x	Rs105.25 Million
2019	20.03%	18.45%	0.89x	1.22x	Rs76.16 Million
2020	38.51%	25.87%	0.93x	1.59x	Rs294.94 Million
2021	22.15%	20.59%	0.92x	1.16x	Rs158.98 Million
2022	12.15%	13.02%	0.76x	1.22x	Rs30.61 Million
2023	18.90%	20.31%	0.82x	1.13x	Rs148.70 Million
2024	13.23%	23.79%	0.52x	1.06x	Rs97.26 Million
2025	11.95%	22.64%	0.49x	1.09x	Rs66.68 Million

Industry Comparison

This section compares Cupid Limited's net assets metrics with peer companies in the Household & Personal Products industry.

Industry Context

Industry: Household & Personal Products
Average net assets among peers: $14,640,869,948
Average return on equity (ROE) among peers: 39.85%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cupid Limited (CUPID)	Rs3.81 Billion	28.58%	0.16x	$1.74 Billion
Ambica Agarbathies & Aroma industries Limited (AMBICAAGAR)	$1.09 Billion	0.45%	1.05x	$4.41 Million
Bajaj Consumer Care Limited (BAJAJCON)	$516.34 Million	91.01%	0.44x	$636.30 Million
Colgate Palmolive (India) Limited (COLPAL)	$7.70 Billion	72.57%	1.21x	$6.17 Billion
Dabur India Limited (DABUR)	$16.28 Billion	34.47%	1.47x	$8.47 Billion
Emami Limited (EMAMILTD)	$12.35 Billion	39.31%	0.36x	$2.10 Billion
Hindustan Unilever Limited (HINDUNILVR)	$78.85 Billion	76.78%	1.36x	$57.20 Billion
Honasa Consumer Limited (HONASA)	$11.80 Billion	6.16%	0.52x	$1.20 Billion
Kaya Limited (KAYA)	$-288.00 Million	0.00%	0.00x	$42.70 Million
Procter & Gamble Hygiene and Health Care Limited (PGHH)	$3.47 Billion	37.91%	0.63x	$3.56 Billion

About Cupid Limited

NSE:CUPID India Household & Personal Products

Market Cap

$1.74 Billion

Rs160.79 Billion INR

Market Cap Rank

#6783 Global

#299 in India

Share Price

Rs119.58

Change (1 day)

+3.23%

52-Week Range

Rs76.25 - Rs524.90

All Time High

Rs524.90