Manipal Payment and Identity Solutions Ltd
₹ 341
-1.10%
18 Sep
- close price
About
Incorporated in 2008, Manipal Payment
& Identity Solutions Limited provides the
payment solutions, identification solutions, secure solutions, and smart tagging and
Internet of Things (IoT) solutions to banks, fintechs, & NBFC's.[1]
Key Points
- Market Cap ₹ 7,913 Cr.
- Current Price ₹ 341
- High / Low ₹ 350 / 316
- Stock P/E 32.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 43.3 %
- ROE 45.1 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 77.6%
Cons
- Debtor days have increased from 43.2 to 54.3 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 1,248 | 1,256 | 1,327 | |
| 912 | 865 | 901 | |
| Operating Profit | 335 | 391 | 426 |
| OPM % | 27% | 31% | 32% |
| 20 | 127 | 27 | |
| Interest | 20 | 109 | 48 |
| Depreciation | 35 | 55 | 56 |
| Profit before tax | 300 | 354 | 349 |
| Tax % | 17% | 20% | 27% |
| 249 | 282 | 253 | |
| EPS in Rs | 60.24 | 13.65 | 11.40 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 64% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 78% |
| Last Year: | 45% |
Balance Sheet
Figures in Rs. Crores
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 41 | 41 | 44 |
| Reserves | 48 | 263 | 747 |
| 492 | 565 | 153 | |
| 521 | 541 | 216 | |
| Total Liabilities | 1,103 | 1,410 | 1,161 |
| 138 | 215 | 352 | |
| CWIP | 4 | 12 | 12 |
| Investments | 0 | 172 | 61 |
| 961 | 1,011 | 736 | |
| Total Assets | 1,103 | 1,410 | 1,161 |
Cash Flows
Figures in Rs. Crores
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 309 | 284 | 208 | |
| -76 | -586 | 245 | |
| 267 | -173 | -328 | |
| Net Cash Flow | 500 | -475 | 125 |
| Free Cash Flow | 297 | 219 | 126 |
| CFO/OP | 108% | 91% | 71% |
Ratios
Figures in Rs. Crores
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 35 | 40 | 54 |
| Inventory Days | 69 | 87 | 146 |
| Days Payable | 54 | 73 | 98 |
| Cash Conversion Cycle | 49 | 54 | 102 |
| Working Capital Days | 51 | 56 | 62 |
| ROCE % | 49% | 43% |
Business Overview:[1][2]
The company provides payment,
identification, secure printing, smart
tagging, and IoT solutions to banks,
fintechs, NBFCs, and government
organisations across India and
international markets. It is part
of the Manipal Group, whose
printing business dates back
to 1948.
Its business has evolved beyond
conventional card manufacturing
into a broader secure transaction
and identification solutions platform.
The company manufactures and
personalizes payment cards, supplies
identity documents, provides secure
logistics and communications, and
offers tax-stamp, hologram, RFID,
and anti-counterfeiting solutions.