Cupid shares rise 10x in two years; now, promoter reduces pledge from 36% to 20%

Cupid share price

The shares of Cupid have seen a significant surge this year so far, jumping over 500 percent. Several reasons may have led to the sharp uptrend in the stock, which has now jumped a whopping 10 times in two years.

The shares of the condom-maker closed more than 1 percent higher at Rs 474.65 apiece on December 24.

What does Cupid do?

Cupid manufactures and supplies male and female condoms, water-based lubricant jelly and IVD kits. The company has a current capacity of over 480 million pieces for male condoms, 52 million pieces of the female condoms and 210 million sachets of lubricant jelly per annum.

The company's manufacturing facility is located at Sinnar near Nashik, about 200 km east of Mumbai. It claims to be the first company in the world to obtain pre-qualification status from WHO/UNFPA for supply of both male and female condoms.

Cupid promoter pledge:

In an exchange filing released on December 23, Cupid announced that the pledged shareholding in the company today stands at 20 percent, after being reduced from 36.13 percent as on September 30.

The firm said that this meaningful reduction highlights its improving financial strength and the promoters’ strong confidence in its long-term growth trajectory. The lower level of pledged shares is expected to further enhance investor confidence and reflects the company’s disciplined financial management, it added.

"The reduction in promoter share pledge is a reflection of our strengthening balance sheet and sustained business momentum. It reinforces our commitment to maintaining financial prudence, transparency, and long-term value creation for our shareholders," said Aditya Kumar Halwasiya, Chairman and Managing Director, Cupid.

Cupid share price history:

Cupid shares have surged nearly 10 percent in the past five days, and around 41 percent in the past one month. The stock rallied 395 percent in the past six months, 524 percent in 2025 so far and a whopping 3,752 percent in the past five years.

Its P/E ratio currently stands at 264.54. Market capitalisation of the company stands at Rs 12,743 crore.