Cupid Limited (CUPID) - Net Assets

Latest as of March 2026: Rs4.51 Billion INR ≈ $48.75 Million USD

Based on the latest financial reports, Cupid Limited (CUPID) has net assets worth Rs4.51 Billion INR (≈ $48.75 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.53 Billion ≈ $59.83 Million USD) and total liabilities (Rs1.02 Billion ≈ $11.08 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 Cupid Limited (CUPID) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs4.51 Billion
% of Total Assets	81.49%
Annual Growth Rate	20.63%
5-Year Change	217.05%
10-Year Change	734.8%
Growth Volatility	21.5

Cupid Limited - Net Assets Trend (2006–2026)

This chart illustrates how Cupid Limited's net assets have evolved over time, based on quarterly financial data. See Cupid Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Cupid Limited (2006–2026)

The table below shows the annual net assets of Cupid Limited from 2006 to 2026. For live valuation and market cap data, see market cap of Cupid Limited.

Year	Net Assets	Change
2026-03-31	Rs4.51 Billion ≈ $48.75 Million	+31.74%
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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs1.34 Billion	29.83%
Other Components	Rs3.16 Billion	70.17%
Total Equity	Rs4.51 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
MLS Co Ltd SHE:002745	$2.46 Billion
Luoyang Longhua Heat Trans Energy SHE:300263	$2.46 Billion
Wanda Cinema Line Corp SHE:002739	$2.46 Billion
ZTE Corporation F:FZM	$2.46 Billion
Levi Strauss & Co Class A NYSE:LEVI	$2.46 Billion
Meitu Inc F:M5U	$2.46 Billion
Enliven Therapeutics Inc. NASDAQ:ELVN	$2.46 Billion
CREDITACCESS GRAMEEN LIMITED NSE:CREDITACC	$2.46 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 2025 to 2026, total equity changed from 3,421,924,000 to 4,508,058,000, a change of 1,086,134,000 (31.7%).
Net income of 1,082,333,000 contributed positively to equity growth.
New share issuances of 3,255,000 increased equity.
Other comprehensive income decreased equity by 958,389,999.
Other factors increased equity by 958,935,999.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs1.08 Billion	+24.01%
Share Issuances	Rs3.25 Million	+0.07%
Other Comprehensive Income	Rs-958.39 Million	-21.26%
Other Changes	Rs958.94 Million	+21.27%
Total Change	Rs-	31.74%

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: 51.42x
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 1368.91x to 51.42x 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	Rs169.19	x
2007-03-31	Rs0.16	Rs169.19	x
2008-03-31	Rs0.19	Rs169.19	x
2009-03-31	Rs0.15	Rs169.19	x
2010-03-31	Rs0.14	Rs169.19	x
2011-03-31	Rs0.13	Rs169.19	x
2012-03-31	Rs0.12	Rs169.19	x
2013-03-31	Rs0.14	Rs169.19	x
2014-03-31	Rs0.14	Rs169.19	x
2015-03-31	Rs0.18	Rs169.19	x
2016-03-31	Rs0.27	Rs169.19	x
2017-03-31	Rs0.40	Rs169.19	x
2018-03-31	Rs0.49	Rs169.19	x
2019-03-31	Rs0.57	Rs169.19	x
2020-03-31	Rs0.78	Rs169.19	x
2021-03-31	Rs98.10	Rs169.19	x
2022-03-31	Rs1.07	Rs169.19	x
2023-03-31	Rs1.25	Rs169.19	x
2024-03-31	Rs2.25	Rs169.19	x
2025-03-31	Rs2.56	Rs169.19	x
2026-03-31	Rs3.29	Rs169.19	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): 24.01%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 30.26%
• Asset Turnover: 0.65x
• Equity Multiplier: 1.23x
Recent ROE (24.01%) is above the historical average (15.83%), indicating improving 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
2026	24.01%	30.26%	0.65x	1.23x	Rs631.53 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: $71,262,466,862
Average return on equity (ROE) among peers: 8.99%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cupid Limited (CUPID)	Rs4.51 Billion	28.58%	0.23x	$2.46 Billion
Ambica Agarbathies & Aroma industries Limited (AMBICAAGAR)	$971.85 Million	4.39%	1.10x	$4.69 Million
Bajaj Consumer Care Limited (BAJAJCON)	$6.53 Billion	28.29%	0.25x	$876.51 Million
Colgate Palmolive (India) Limited (COLPAL)	$2.93 Billion	27.29%	0.69x	$5.96 Billion
Dabur India Limited (DABUR)	$112.10 Billion	15.77%	0.45x	$8.22 Billion
Emami Limited (EMAMILTD)	$18.23 Billion	16.62%	0.47x	$1.89 Billion
Hindustan Unilever Limited (HINDUNILVR)	$514.23 Billion	19.99%	0.53x	$56.37 Billion
Honasa Consumer Limited (HONASA)	$-17.65 Billion	0.00%	0.00x	$1.43 Billion
Kaya Limited (KAYA)	$548.52 Million	-69.30%	5.71x	$42.17 Million
Procter & Gamble Hygiene and Health Care Limited (PGHH)	$3.47 Billion	37.91%	0.63x	$3.16 Billion

About Cupid Limited

NSE:CUPID India Household & Personal Products

Market Cap

$2.46 Billion

Rs227.50 Billion INR

Market Cap Rank

#5648 Global

#244 in India

Share Price

Rs169.19

Change (1 day)

+1.81%

52-Week Range

Rs76.25 - Rs524.90

All Time High

Rs524.90