I have recently entered Cupid Ltd. Very small portion of the portfolio, may increase with my conviction. I have no fresh cash, so these are just portfolio adjustments.
I have explained in a small post the rationale behind the entry. I think, we have enough revenue visibility for next 2 years with positive order wins as we go along, margin expansion will kick in, promoter pledge coming down, dividend started coming in from the company. All signs of a typical TURN AROUND in place. Not much capex, so free cash flow over next 2-3 years unless company wants to invest big in new product lines that that company is talking about.
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