Manipal Payment and Identity Solutions Ltd

₹ 362 0.06%

09 Oct - close price

mpimanipal.com BSE: 544916 NSE: MPIMANIPAL

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

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.

Website BSE NSE

Market Cap ₹ 8,391 Cr.
Current Price ₹ 362
High / Low ₹ 458 / 316
Stock P/E 29.0
Book Value ₹
Dividend Yield 0.00 %
ROCE 43.3 %
ROE 45.1 %
Face Value ₹ 2.00

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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.

Peer comparison

Financial Services Financial Services Financial Technology (Fintech) Financial Technology (Fintech)

Part of BSE IPO Nifty IPO

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2025	Mar 2026	Jun 2026
	284	347	409
	197	240	290
Operating Profit	86	106	120
OPM %	30%	31%	29%
	9	9	5
Interest	34	5	4
Depreciation	14	16	19
Profit before tax	48	94	102
Tax %	28%	28%	26%
	34	68	76
EPS in Rs	1.55	3.07	3.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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

Standalone Figures in Rs. Crores / View Consolidated

	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

Standalone Figures in Rs. Crores / View Consolidated

	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

Standalone / View Consolidated

	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%

Shareholding Pattern

Numbers in percentages

	Sep 2026
	53.92%
	4.27%
	24.81%
	17.01%
No. of Shareholders	56,828

	Sep 2026
	53.92%
	4.27%
	24.81%
	17.01%
No. of Shareholders	56,828

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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Annual reports

No data available.

DRHP

Concalls

Oct 2026

Transcript
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