Cupid Limited (CUPID.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-92.8%

₹24.57

vs ₹342.15 price

Levered DCF

₹3.77

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	102.59×	41.07×	78.33×	10.54×	18.23×	1.93×	0.95×	12.91×
P/B	24.63×	4.82×	10.47×	2.02×	2.22×	2.14×	1.82×	2.49×
P/S	31.04×	9.13×	18.82×	2.17×	2.38×	1.99×	1.22×	2.3×
EV / EBITDA	73.08×	26.1×	55.5×	7.53×	11.89×	6.78×	3.92×	8.22×
Gross margin	48.3%	62.7%	64.6%	58.2%	53.3%	64.2%	103.7%	77.0%
Operating margin	31.2%	21.0%	28.5%	24.7%	15.3%	24.4%	31.2%	22.4%
Net margin	30.3%	22.6%	23.8%	20.3%	13.0%	20.6%	25.9%	18.4%
Current ratio	4.67×	13.3×	14.68×	7.58×	4.46×	5.89×	2.26×	4.77×
Debt / equity	0.13×	0.06×	0.04×	0.04×	0.06×	0×	0.3×	0.03×
Interest coverage	39.75×	19.58×	79.83×	134.59×	151.25×	59.94×	91.02×	171.99×
Dividend yield	0.0%	0.0%	0.1%	2.2%	1.9%	0.5%	6.4%	2.6%
Payout ratio	0.0%	0.0%	10.0%	23.2%	34.7%	4.6%	30.3%	32.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	24.0%	11.9%	13.2%	18.9%	12.2%	22.1%	38.5%	20.0%
Return on invested capital	16.6%	7.7%	11.9%	16.4%	9.4%	19.8%	26.5%	16.7%
Return on assets	19.6%	11.0%	12.5%	16.7%	9.9%	19.0%	24.2%	16.4%
Free cash flow yield	0.4%	-1.9%	-0.5%	8.9%	0.5%	13.6%	4.1%	6.2%
Earnings yield	1.0%	2.5%	1.3%	9.4%	5.5%	10.3%	21.2%	8.0%
Enterprise value	₹109.9B	₹16B	₹31.1B	₹3.4B	₹3.2B	₹2.8B	₹2.2B	₹1.9B
Net debt / EBITDA	-0.75×	-0.81×	-0.7×	0.12×	0.31×	-0.02×	0.55×	-0.02×
Cash conversion cycle (days)	181	356	201	120	117	98	440	131