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Contraceptives & personal-care maker Historical case study · data as of 27 Jul 2026 · published 30 Oct 2026 (95 days later)

Cupid — 100-point case study

How Cupid looked on 50 technical and 50 fundamental measures on 27 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: CUPID · BSE: 530843
Close on 27 Jul 2026	₹221.46
Market cap then	₹29,736 crore
Valuation	P/E 275.3× · P/B 66.08×
Momentum	RSI (14) 66 · 1-year return +648.7%
Next 3 months	+44.6% vs Nifty 50 -4.4% (to 29 Oct 2026)

Scorecard

Technical — 50 points

31 bullish · 16 neutral · 1 caution · 1 bearish — the picture leaned positive.

Fundamental — 50 points

15 bullish · 31 neutral · 2 caution · 1 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Data note: Cupid issued 4 bonus shares for every 1 held (record date 9 Mar 2026). Prices before that date are adjusted by Yahoo Finance for the bonus, so they are one-fifth of what traded at the time. Screener's consolidated tables skip some older years and quarters.

Technical analysis — 50 points

Calculated by code from daily prices up to 27 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope +0.48%/day	Bullish	Over the last 20 sessions the regression line of closing prices was rising about 0.48% a day — a short-term uptrend. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return +95.8%	Bullish	The 100-session trend line was up (+1.15%/day) and the stock was +95.8% over three months, so the medium-term picture was bullish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return +648.7%	Bullish	Compared with a year earlier the price was +648.7%. A strong positive year. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 184.64 / 30W 124.34	Bullish	On the weekly chart the stock showed a weekly close above a rising 10-week and 30-week average stack. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 133.92→226.00; lows 176.89→201.00	Bullish	The two most recent swing points showed higher swing highs and higher swing lows — classic uptrend structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	21.0	Bullish	ADX at 21.0 shows a trend of moderate strength. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 24.9 / –DI 18.7	Bullish	+DI was above –DI: upward price pressure outweighed downward pressure. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	208.37 (+6.3%)	Bullish	Close of 221.46 was 6.3% above the 20-day SMA — the short-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	171.14 (+29.4%)	Bullish	Close of 221.46 was 29.4% above the 50-day SMA — the medium-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	103.14 (+114.7%)	Bullish	Close of 221.46 was 114.7% above the 200-day SMA — the long-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 212.43 / 21E 203.55	Bullish	The 9-day EMA was above the 21-day EMA; the last crossover happened on 01 Apr 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	no cross in data window	Bullish	The 50-day average was 65.9% above the 200-day. No 50/200 crossover occurred in the data window. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	+26.8% in 20 sessions	Bullish	The 50-day average rose 26.8% over the past month — rising. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	208 / 171 / 134 / 103	Bullish	The 20/50/100/200-day averages were perfectly stacked bullish (20 > 50 > 100 > 200). Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	209.79 (+5.6%)	Bullish	Anchored to the start of July, the volume-weighted average price was 209.79; the close was above it — buyers that month were on average in profit. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	66.4	Bullish	RSI at 66.4 showed positive momentum without being overbought. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	none	Neutral	Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD 11.87 / signal 13.79	Bearish	MACD was below its signal line — momentum turning or staying negative. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	-1.92 → -1.92	Bullish	The histogram rose over the last five sessions, meaning momentum was improving. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	11.87	Bullish	MACD above zero means the 12-day EMA was above the 26-day EMA — a positive momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 76.5 / %D 69.4	Bullish	Slow stochastic at 76.5 was mid-range with %K above %D. Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-9.2	Caution	%R of -9.2 put the close near the top of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	113	Bullish	CCI at 113 signalled an unusually strong upward deviation (>+100). Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	+7.1%	Bullish	Price changed +7.1% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.84 (bands 189.32–227.43)	Neutral	%B of 0.84 — inside the bands, upper half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 18.3% (17th pct of 6M)	Neutral	Band width was at the 17th percentile of the last six months, a normal level. How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹10.37 (4.7% of price)	Neutral	A typical day's range was about ₹10.37, or 4.7% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	55.2% vs 1Y 57.2%	Neutral	Annualised 30-day volatility was 55.2%, close to the one-year level of 57.2%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	183.40–225.51	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	0.89	Neutral	A beta of 0.89 means the stock tended to move less than the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.52× / 5-day 0.49×	Neutral	The final session traded 0.52× its 20-day average volume and the last five sessions averaged 0.49× — lighter than usual participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 0.97	Neutral	Average volume on up days was 0.97× that on down days — balanced. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV rising	Bullish	OBV rose over the month while price rose — volume confirmed the price move. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	rising (20d)	Bullish	The A/D line rose, meaning closes tended to be in the upper part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	0.24	Bullish	CMF at +0.24 indicated net inflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	57.1	Bullish	MFI, a volume-weighted RSI, was 57.1. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹997 cr/day	Neutral	About ₹997 crore changed hands per day on average over 20 sessions — highly liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	201.00 / 176.89 / 124.70	Neutral	Nearest support (prior swing lows) sat at 201.00, 10.2% below the close, then 176.89, 124.70. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	224.50	Neutral	Nearest resistance (prior swing highs) sat at 224.50, 1.4% above the close. How to read: Information only.
40	Monthly pivot points (for next month)	P 208.12 \| R1 239.34 \| S1 190.23	Neutral	Classic pivots from July's high/low/close gave a pivot of 208.12; the close was above it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 190 \| 38.2% 168 \| 50.0% 150 \| 61.8% 132	Neutral	Measuring the 6-month rise from 73.10 to 226.00, the close was nearest the 23.6% retracement at 189.92. How to read: Information only.
42	52-week high / low	H 226.00 / L 28.45	Bullish	The close was 2.0% below the 52-week high and 678.4% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	none	Neutral	No unfilled price gaps in the last six months. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	rising channel	Bullish	Rule-based pattern scan: rising channel — successive higher highs and lows. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 176.89–226.00	Neutral	The close was inside the prior 20-day range of 176.89–226.00. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Bullish marubozu-type candle	Bullish	On 27 Jul the candle opened 214.56, ranged 213.75–222.00 and closed 221.46: Bullish marubozu-type candle. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 127.90–146.93; Tenkan 212.00 / Kijun 198.12	Bullish	Price was above the cloud and the Tenkan line was above the Kijun line — a bullish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M +21.5% / 3M +95.4%	Bullish	The stock outperformed the Nifty 50 by 95.4 points over three months and outperformed by 21.5 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M +166.7%	Bullish	No sector index in today's data set, so we show the 6-month comparison instead: 166.7 points ahead of the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	31 bullish · 1 bearish · 16 neutral · 1 caution	Bullish	Across the 49 readings the technical picture leaned positive. Levels that mattered: support 201.00, resistance 224.50. This is a description of the chart on 27 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 27 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Jun 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 27 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	275.3×	Neutral	At ₹221.46 the market valued the company at about ₹29,736 crore, or 275.3× the ₹108 crore profit of the four quarters to Mar 2026. That is a premium multiple — the market expected growth. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	66.08×	Neutral	Market cap was 66.08× the Mar 2026 book value (equity + reserves) of ₹450 crore. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Sales	83.06×	Neutral	The company was valued at 83.06× its trailing-12-month sales of ₹358 crore. How to read: Information only.
4	EV / EBITDA (approx.)	256.8×	Neutral	Enterprise value (market cap + ₹56 cr borrowings; cash not netted) was 256.8× trailing operating profit of ₹116 crore. How to read: Information only. Lower means cheaper relative to operating profit.
5	Earnings yield	0.4%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹0.4 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	n/m	Neutral	PEG is not meaningful because 3-year profit growth was not available. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	n/a	Neutral	Dividend history in our data window was not available. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹29,736 cr	Neutral	At about ₹0.30 lakh crore the company was a small-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹7.79 vs ₹221.46	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹7.79; the price was 2744% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+95.6%	Bullish	Revenue for FY26 was ₹358 crore, +95.6% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+114.3%	Bullish	The Jan–Mar 2026 quarter brought ₹120 crore of revenue, +114.3% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+163.4%	Bullish	FY26 net profit was ₹108 crore, +163.4% on FY25's ₹41 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	+200.0%	Bullish	Quarterly profit was ₹36 crore versus ₹12 crore a year earlier (+200.0%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	n/a	Neutral	Not available. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	n/a	Neutral	Not available. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	19.2%	Caution	Over five years (FY21–FY26) revenue compounded at 19.2% a year. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	+166.7%	Bullish	Reported EPS went from ₹0.30 to ₹0.80 (+166.7%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Operating margin FY26	33%	Neutral	Operating profit (EBITDA) was 33% of sales in FY26 versus 23% in FY25. How to read: Information only — normal margins differ a lot by industry.
19	Operating margin trend (4 quarters)	28% → 34% → 37% → 31%	Bullish	Quarterly margins moved from 28% to 31% over the last four quarters — expanding. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral when broadly stable.
20	Net profit margin FY26	30.2%	Neutral	₹30.2 of every ₹100 of revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	27.3%	Bullish	FY26 profit was 27.3% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	ROCE FY26	34%	Bullish	Return on capital employed (debt + equity) was 34% in FY26. Bullish above 20% · Bearish below 10% · Neutral 10–20%.
23	Return on assets FY26	19.53%	Neutral	Net profit was 19.53% of total assets. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	24%	Neutral	The company paid about 24% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Other income share of pre-tax profit	23%	Neutral	Non-operating 'other income' of ₹32 crore made up 23% of pre-tax profit. How to read: Caution above 25% (headline profit leans on non-core income). Neutral otherwise.

D. Balance sheet

#	Point	Reading	Tag	Commentary
26	Debt / equity	0.12	Bullish	Borrowings of ₹56 crore were 0.12× equity — very low leverage. Bullish below 0.3 (very low leverage) · Bearish above 1 (high leverage) · Neutral 0.3–1.
27	Debt / EBITDA	0.47×	Bullish	Debt equalled 0.47 years of FY26 operating profit. Bullish below 1× · Bearish above 3× · Neutral 1–3×.
28	Interest coverage	48.3×	Bullish	Earnings before interest and tax covered interest cost 48.3 times. Bullish above 8× · Bearish below 3× · Neutral 3–8×, or not meaningful when interest is negligible.
29	Book value growth	+31.6%	Bullish	Shareholders' equity grew +31.6% from ₹342 crore to ₹450 crore in FY26. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.
30	Capital work in progress	₹25 cr (37% of fixed assets)	Neutral	Projects under construction (CWIP) were 37% of fixed assets — a big expansion pipeline not yet earning. How to read: Information only. Above 20% means a big expansion pipeline that is not yet earning.
31	Working capital days	119 days	Neutral	Working capital tied up equalled 119 days of sales (FY25: 210). Negative means suppliers/customers fund operations. How to read: Information only. Lower is generally more efficient; negative means suppliers or customers fund the business.
32	Cash conversion cycle	301 days	Neutral	It took 301 days to turn inventory and receivables into cash, net of supplier credit. How to read: Information only. Shorter is generally better.
33	Debtor days	103 (FY25 134)	Neutral	Customers took 103 days on average to pay, versus 134 a year earlier. How to read: Caution when debtor days rose more than 20% in a year (collections stretching). Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹46 cr	Bullish	The business generated ₹46 crore of operating cash in FY26 versus ₹-11 crore in FY25. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Free cash flow FY26	₹21 cr	Bullish	After capital spending, free cash flow was ₹21 crore. Bullish positive · Bearish negative · Neutral when not available.
36	Cash conversion (CFO ÷ net profit)	0.43×	Caution	Operating cash flow was 0.43× reported profit — cash lagged profits; worth watching. Bullish above 1× (profits well backed by cash) · Caution below 0.7×. Neutral 0.7–1×.
37	Free-cash-flow yield	0.1%	Neutral	FY26 free cash flow was 0.1% of the snapshot market cap. Bullish above 4% · Neutral at 4% or less.
38	Free cash flow — 3-year total	₹-27 cr	Bearish	Free cash flow over FY24–FY26 added up to ₹-27 crore. Bullish positive total · Bearish negative total · Neutral when not available.
39	Capex FY26 (CFO – FCF)	₹25 cr	Neutral	Implied capital expenditure was about ₹25 crore, 7.0% of sales. How to read: Information only.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	0%	Neutral	The company paid out about 0% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	0% / 0% / 0%	Neutral	Payout ratios for FY24 / FY25 / FY26 — dividends were irregular. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+396.3%	Neutral	Paid-up equity capital rose +396.3%, consistent with a bonus issue or split — shareholders' ownership was not diluted. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	46.24% (+3.73 pts YoY)	Neutral	Promoters owned 46.24% at Jun 2026 versus 42.51% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	4.17% (+3.22 pts YoY)	Bullish	FIIs held 4.17% at Jun 2026, up from 0.95% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	0.34% (+0.23 pts YoY)	Neutral	Mutual funds, insurers and other DIIs held 0.34%, up from 0.11%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	3.0 lakh (+196.0% YoY)	Neutral	The shareholder count moved from 1.0 lakh to 3.0 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 8 tests)	6/8	Neutral	Passed: positive profit, positive operating cash flow, operating margin improved, ROA improved, asset turnover improved, no meaningful dilution (<3%). Failed: CFO > net profit, leverage fell. Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	3 strength(s) · 2 weakness(es)	Neutral	Strengths: Company is expected to give good quarter; Promoter holding has increased by 1.45% over last quarter; Company's working capital requirements have reduced from 151 days to 119 days. Weaknesses: Stock is trading at 93.8 times its book value; Though the company is reporting repeated profits, it is not paying out dividend. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	15 bullish · 1 bearish · 31 neutral · 2 caution	Bullish	On the numbers published by 27 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 275.3×, P/B 66.08×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 27 Apr 2026 – 27 Jul 2026 that an investor could have known on the snapshot date.

15 May 2026 Cupid reports FY26 results: revenue Rs391 cr (+93%), net profit Rs108 cr (+165%) — Cupid filed Q4/FY26 results and an investor presentation with the exchanges on 15 May 2026. FY26 revenue was about Rs391.4 crore, up 93% YoY, and net profit Rs108.2 crore, up 165%. Exports were about 60% of revenue. Initial FY27 revenue guidance was Rs600 crore. source
30 Jun 2026 Cupid issues Q1 FY27 business update, raises FY27 revenue guidance to over Rs660 cr — In a press release, Cupid said it expected Q1 FY27 revenue above Rs150 crore and raised FY27 revenue guidance from Rs600 crore to over Rs660 crore. It cited a long-term supply agreement and a new Palava facility expected to raise capacity about 1.5 times. source
08 Jul 2026 Cupid shares extend rally after upbeat Q1 update — HDFC Sky reported that the stock rose up to 2% intraday, having gained about 19% in a week after the June-quarter business update and the higher FY27 guidance. source
13 Jul 2026 Cupid moved to BSE Group 'A'; shares dip on profit booking — BSE reclassified Cupid from Group 'B' to Group 'A'. The shares fell as much as 3% intraday on 13 July after a 27% gain over the previous month. source

What happened next (27 Jul 2026 → 29 Oct 2026)

Price went from ₹221.46 to ₹320.15 by 29 Oct 2026 (+44.6%) while the Nifty 50 moved -4.4% — outperforming by 49.0 points.
Highest ₹368.95 on 12 Oct 2026; lowest ₹221.70 on 28 Jul 2026.
S1 201.00: held on a closing basis.
S2 176.89: held on a closing basis.
R1 224.50: cleared on a closing basis on 28 Jul 2026.
200-day SMA: price was above it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 07 Aug 2026): revenue ₹155 crore (+158.3% YoY), net profit ₹44 crore (+193.3% YoY), operating margin 39% vs 28% a year earlier (Screener consolidated figures).

Later news

07 Aug 2026 Cupid Q1 FY27 results: net profit Rs44.15 cr, up 194% YoY — Results for the quarter ended 30 June 2026 were filed with NSE on 7 August 2026. Revenue from operations was Rs154.72 crore (+158.7% YoY), total income Rs156.98 crore (+142%) and net profit Rs44.15 crore (+194%). The EBITDA margin was about 38.8%. source
17 Aug 2026 Cupid shares swing 20% intraday amid block-deal activity — The stock fell about 20% intraday to Rs235, recovered about 14% from that low and ended down about 8%. Volume was more than twice the two-week average. Block deals had taken place the previous trading day, and no single cause was confirmed. source
26 Aug 2026 Cupid raises FY27 guidance to Rs725-750 cr revenue, Rs210-225 cr profit — Cupid raised its FY27 consolidated guidance to Rs725-750 crore revenue and Rs210-225 crore net profit, up from the Rs600 crore / Rs180 crore set in May. It also set an FY29 revenue target of Rs1,500 crore. source
28 Sep 2026 Cupid holds 33rd AGM; outlines Palava plant, Baazar Style Retail tie-up and IVDR certification — A company release on the AGM reported FY26 figures, a planned 170,000 sq ft Palava facility, a Rs331.53 crore warrant investment in Baazar Style Retail, CE IVDR certification for diagnostic kits, and inclusion in the FTSE Emerging Markets All Cap index effective 21 September 2026. source
01 Oct 2026 Cupid expects Q2 net sales above Rs200 cr; FY27 guidance raised to Rs800 cr revenue — Cupid said it expected September-quarter net sales above Rs200 crore and raised FY27 guidance to Rs800 crore revenue and Rs250 crore net profit. It also referred to a South African manufacturing venture and a follow-on investment in GII Healthcare. source

Educational summary. On 27 Jul 2026 the technical picture leaned positive and the fundamental picture leaned positive. Over the next three months the stock moved +44.6% against -4.4% for the Nifty 50. Here the chart's message lined up with what followed. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Cupid today.

Method designed by our founder, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 30 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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