Introduction:
Leading Pharma company has secured a significant ₹42 crore order from the Medical Stores Department of Tanzania for supplying male condoms. This achievement highlights the company’s strong international presence and commitment to expanding its business across global markets.
Also Read: Stock jumps after announcing 1:10 stock split and ₹14.5 dividend
Share price movement of Cupid Ltd:
On February 27, 2025, Cupid Ltd opened at ₹70.76, up 0.48% from its previous close of ₹68.57. The stock reached a high of ₹70.76 and a low of ₹67.71. By 1:27 PM, it traded at ₹68.24, with a market cap of ₹1,831.25 crore.
Cupid Limited Secures ₹42 Crore Order:
Cupid Limited has received a significant international order worth approximately ₹42 crore from the Medical Stores Department of Tanzania. The contract, covering the supply of male condoms, strengthens Cupid’s presence in global markets and reflects its strong international relationships.
The order, part of a framework agreement, is set to be executed between July 2025. Cupid’s Chairman and Managing Director, Aditya Kumar Halwasiya, highlighted the company’s strategic expansion across both B2B and B2C segments in India and abroad, ensuring sustainable and profitable growth.
This contract underscores Cupid Limited’s growing influence in the global healthcare industry. The company aims to leverage this success to drive further business expansion and establish a stronger foothold in the international market while maintaining its focus on quality and innovation.
Recent news on Cupid Ltd:
As of February 15, 2025, Cupid Ltd reported a 24.60% rise in net profit to ₹11.04 crore for Q3, with total income increasing 24.47% to ₹50.76 crore. Operating income surged 15.73% to ₹46.35 crore year-over-year.
Stock performance of Cupid Ltd for Period of 1 week, 6 months and 1 year:
Cupid Ltd has faced a challenging period, with a 0.79% dip over the past week. The stock declined 19.5% in six months and plunged 49.2% over the past year, reflecting sustained pressure on its market performance.
Shareholding pattern of Cupid Ltd:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 42.50% | 45.60% | 45% |
| FII | 3.10% | 3.30% | 6.00% |
| DII | 0% | 0% | 0.30% |
| Public | 54.30% | 51.10% | 48.90% |
About Cupid Ltd:
Cupid Ltd (NSE: CUPID), established in 1993, is a leading Indian manufacturer of male and female condoms, personal lubricants, and IVD kits, including pregnancy tests, COVID-19 antigen kits, and HIV test kits, catering to domestic and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
