The company exports to 90 + countries with majority of the sales to African and Latin American countries. Product Diversification – Cupid’s sales are largely based on Govt. Tenders and procurement by UNFPA and therefore the order flow tends to be lumpy. The difference could be due to report talking about whole pie but cupid management might be concerned about their own limited area of business. As per cupid management the whole business of FC is 100 mn & cupid has 52mn target for this year. I understand that FDA regulatory approval process where FC was reclassified & required producers to obtain fresh approvals as per new classification might have impacted sales in particularly that region.

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Bhumika looks sweet and charming and perhaps is the only life of the movie. There are a whole lot of other characters — Ali (who plays Sivaram’s friend), Venumadhav , Brahmanandam and several others but there’s nothing to write home about. It’s all because of the script, which is prosaic and pedestrian. For Q2, they had to provide cash flow statement and balance sheet, which is not required for Q3. I think thats the reason they are able to release results early. We may not be able to sustain price levels for sales of FC2 in the U.S. market.

• Really the disinvestment policy became the policy of corruption.
• Despite the same, the company has done well to keep the working capital days below 100 for most of the years and the bad debts have been very few and small.
• Wifibasket is an online portal which helps you to find all your daily needs.
• Once the technology adopted, subsidy need not be given 4.

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Further, the management has been trying to bring down the costs further and improve the margin profile of the male condoms segment. Like the existing condoms business, the IVD business is again going to be largely based on the tenders by the governments across the world. In India as well, there have been tenders from the Central Government and Ministry of Health as well as from the several State Governments as there is a shortage of some of these products in the market. Enterprise Value is a measure of a company’s total value, often used as a more comprehensive alternative to equity market capitalization.

I think that there may be an outstretched chance that veru could go down. They need to constantly dilute equity and have been doing so because of the “free money” available with US private equity firms. Unless their cancer drugs get usfda clearance and then go to market and generate healthy cash flows… i dont see anything else that helps them keep afloat. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision. As per one of the reports, in terms of unit shipments, the institutional condoms segment dominated the global market in 2020 and accounted for over 48% of the revenue.

Vetti veru herb syrup is well known to reduce body heat. This unique root is used to reduce impurities in water; cures stomach related issues and cold symptoms. Adding it to drinking water is the easiest way to boost our immune system. As on 11th Apr 2023, the P/E ratio for Veru Inc shares is -0.7.

 Income tax, Excise duty, customs duty and corporate tax were reduced. Iii) Overall mortality rate and infant mortality rate were very high. Iii) The contribution of industrial sector to GDP was very low.

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Earlier, there were 4, but in 2019, China based PATH lost its approval. Veru Inc, Cupid and HLL are the 3 approved players but HLL has only a minuscule share of the segment. Add 50gms of cleaned vetti veru to 2 litres of water and let it rest for 5 hours. Replace the Vetti veru , when you feel the aroma has reduced. Market cap or market capitalization is the total market value of all of a company’s outstanding shares. Investing.com – U.S. equities were mixed at the close on Wednesday, as gains in the Consumer Goods, Healthcare and Industrials sectors propelled shares higher while losses in the Financials,…

• CUPID & VERU operate in a small pie of whole business as both are mainly dependent on tenders of various governments, Public Health organisations etc.
• The company has a modern facility at Nashik with a capacity of over 50 crore pieces for MCs, 5.2 crore pieces of the FCs & 21 crore sachets of Lubricant Jelly per annum.
• In US, the government has covered the cost of Female Condoms under the Medical insurance plan for the users.
• Since she is the only daughter of the rich man, the family members are plotting to kill her off.
• We may not be able to sustain price levels for sales of FC2 in the U.S. market.

As can be noticed above, Veru’s US prescription sales for female condoms have increased by more than 10x in 2 years to USD 27 million (~ Rs 200 crore). As the orders are tender based, growth isn’t uniform; nevertheless, the company has done well to secure a leading position in the female condoms segment. As a result, despite the lowest contribution by female condoms in over 6 years in FY 21, the company could still manage operating margins in excess of 25%. In case of Cupid, unlike other companies, since the last 6 years the company has consistently recorded 35% + sales from female condoms. As per one of the reports, in 2020, the male condom segment dominated the market with a share of over 98% and 99% by revenue and unit shipments, respectively. However, female condoms are gaining popularity, and the market is expected to witness a significant CAGR of over 15% +.

A graph of daily closing https://1investing.in/s of securities is available at(Choose a company from the list on the browser and select the “three years” period in the price chart. At around current price of 245, Cupid is available at a market cap of Rs 327 crore. The company is debt free and has surplus cash and equivalents of Rs 65 crore + and therefore the enterprise value is Rs 260 crore. Female condoms also command significantly higher margins of 45-55% against around 20% for male condoms. However, the company is setting up a facility at a cost of around Rs 10 crore that will comply with WHO Pre-qualification and USFDA for manufacturing of medical diagnostic tests for India and International markets. The commercial production is expected to start from Jul’21.

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Most of these orders by governments and organizations are towards promoting good sexual health and the importance of consistent condom use to prevent HIV and other STDs. Valuations – As mentioned above, Cupid is a debt free company with a current market cap of Rs 327 crore and cash and equivalents of Rs 65 crore +. So, against an enterprise value of Rs 260 crore, the average operating PBT for the last 6 years is Rs 30 crore and the TTM operating PBT is Rs 33 crore. Veru considering selling Female Condom business – Veru, along with Cupid controls 95-98% of the B2G FC market. Veru is also the only company to have presence in the US Prescription FC market.

So, Veru considering selling the FC business could strengthen the Cupid’s dominant position further in the FC market. Wifibasket is an online portal which helps you to find all your daily needs. Here you get to buy from different categories like fruits, vegetables, dairy products, grocery items, electronics etc.. We aim at making life of our customers much more simpler. With the ease of a click your products will reach your doorstep, saving all your time.

View the VERU premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the Veru Inc real time stock price chart below. You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the VERU quote.

So, it’s probably just the mix of orders F2C took in the past Vs now. If you look at the long term trend, it has been more or less flat , which is what we expect from an oligopoly. The presence of high levels of mono-unsaturated fats and polyunsaturated fats in peanuts help to keep the heart-healthy. I’ve been a regular customer for NatureLoc for last 3 Yrs.. The news provoked Cantor Fitzgerald expert Brandon Folkes to rehash his overweight rating on Veru’s stock.

The company is working on getting all the paperwork ready for registration into different countries, including the U.S. FDA, Indian Drug Controller, and many other potential customers. As we will find out in the sections below, since Cupid started focusing on the export orders, it has turned highly profitable. At Ulamart.com, customer satisfaction is our top priority.

When autocomplete results are available use up and down arrows to review and enter to select. Touch device users, explore by touch or with swipe gestures. Please read all scheme related documents carefully before investing. Past performance is not an indicator of future returns. The lowest VERU stock price was $ 0.99 on 11th Apr 2023 within the past 52 weeks.

He accepts the biotech’s portion cost could move to $24, or generally 68% over the calculating base decline and capital efficiency’s ongoing cost close to $14.30. Thus, the stock is available at 10.50 to 11.50 times TTM and 6 years average PAT. Cupid is also a cash rich company with cash and equivalents of Rs 65 crore + at the end of FY 21. US FDA approval and an entry into the US market can open up a big opportunity and lend consistency to the sales. As depicted in one of the charts above, FY 15 onwards the company started focusing on the export orders and reduced focus on the domestic sales. In 1987, he decided to be an entrepreneur and started wholesale jewellery distribution business based in Cleveland, Ohio.