Profit toh record tod gaya!
Asal mein, Cupid ne Q4FY26 mein ₹36.26 Crore ka net profit kamaya, jo pichhle saal ke mukable 215% zyada hai. Poore FY26 ke liye, company ka net profit 165% badh kar ₹108.23 Crore pahunch gaya. Revenue bhi chamak gaya, Q4 mein 116% jump ke saath ₹132.04 Crore aur poore saal ka revenue 93% badh ke ₹391.40 Crore ho gaya. Company ne apne targets bhi paar kar liye the, revenue target ₹335 Crore aur profit target ₹100 Crore se upar.
Lekin stock flat kyun raha? Valuation aur Baazar Retail ka game!
Itne mast results hone ke baad bhi stock market mein ₹120.36 ke aas paas hi trade kar raha tha. Iska sabse bada reason hai company ka valuation, jo ekdum Aasmaan chhu raha hai. P/E ratio lagbhag 149x se 200x ke beech hai, jabki pichhle 10 saal mein ye average 23x tha. Iske alawa, company ne Baazar Style Retail mein ₹331.53 Crore ka bada investment kiya hai taaki FMCG business ko expand kar sake. Isse FY26 mein ₹84.26 Crore ka revenue bhi aaya hai, par retail mein itna paisa lagana aur use manage karna kafi challenging ho sakta hai aur execution risk bhi hai.
Experts kya bol rahe hain?
Morningstar ne toh stock ko 'Overvalued' keh diya hai aur fair value sirf ₹93.70 batayi hai. Dusri taraf, competitors jaise Bajaj Consumer Care ka P/E 36.12x aur Honasa Consumer ka 70.78x hai, jo Cupid ke comparison mein kaafi kam hain. Pichhle ek saal mein hi stock 620% aur teen saal mein 4,500% se bhi zyada bhaga hai. Aisa lagta hai jaise stock price mein future ki saari growth already price in ho chuki hai.
Aage kya hai? Outlook aur Risks
Cupid ne FY27 tak ₹600 Crore aur FY29 tak ₹1,150 Crore revenue ka aggressive target rakha hai. Lekin, retail expansion mein execution risk aur export par 59.30% depend hone ka currency fluctuation ka risk bhi hai. Fillhaal, experts yahi keh rahe hain ki filhal buying thodi risky ho sakti hai, 'Hold' karna hi behtar hai.