Please share download link.BSE site doesn’t have it
Link for Annual Report https://drive.google.com/file/d/0B8z2fpVljRiUYlJtcEt3QjZ5cjQ/view
Moat in the business is that it has cost advantage. Cost of producing a Piece is 4 Rs for Cupid as compared to Rs 15 of it only competitor FHC,listed in US.
Its difficult for a player to get WHO/UNPF approval and takes 2-3 years.
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A recent article in The Times of India on August 21, brought home the relevance of “Cupid 2” female condom that the Co. is trying to get the necessary approvals for.
The physical anatomy of people from different regions of the world differs & the concept of “One size fits all” does not hold good. Cupid 2 is clearly designed for the Asian communities (Chinese, far eastern countries like Indonesia, Thailand etc, Japan, Indian sub continent), so it potentially could open up a huge new market for Cupid.
The water based lubricant gel is another concept that can potentially be a big success, more so with the LGBT community. I understand that Cupid will perhaps be amongst the very few suppliers selling in small sachets, adding a great deal to the convenience. Although it is being developed for exports, the Indian market too has potential with very few, if any, suppliers. This too could start contributing to both revenues & profitability in a couple of years.
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Can someone please share the latest annual report pdf
Hi Rajeev - found your name in the top shareholders list!
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hi,
have been trying to learn about this business but one of the thing that looks like a concern is the successor to the current chairman OMPRAKASH GARG as he is aged around 75 & i guess his children are settled abroad.
does anyone have an idea about the key figures or likely able successors?
The management had said that they are looking for a CEO. Mr Garg had said that he would ideally like to have one yesterday.
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Today’s massive volumes in Cupid could be linked to the following article that appeared last evening.
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Screener show ROCE of 2% in the preceeding year. Can anyone please explain me on what basis are people claiming ROCE of 49%
https://www.screener.in/company/530843/
It’s always a good idea to calculate the RoCE yourself. It also helps in understanding the Co. that much better. You could do it as on March 31, 2016 for which the balance sheet is available.
from the article its still not clear if basant maheswari has actually bought the stock or not.
Its given in Annual Report.
Basant Maheshwari did purchase shares. Please see Cupid’s Annual Report.
Only puzzle is his name is not there in June end shareholding pattern. He may have sold few shares to “remain below the radar” of 1% threshold.
Disc : Invested
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thanks… but not sure why would he want to stay out of radar.
To prevent euphoria till he finishes accumulating.
ROE is around 44 %
ROCE is approx 67%
Basant’s holding of 110920 as on 31-03 was slighly less than 1% as total number of shares were 11,11,5000. Hence his name does not figure in quarterly shareholding pattern.