Manipal Payment and Identity Solutions Limited
NSE: MPIMANIPALFinancial Technology (Fintech)
Share price
₹361.80
-4.18% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
59
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹7,960 Cr
P/E ratio
31.2
P/B ratio
—
ROCE
43.3%
ROE
46.6%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
We do not have three full years of its sales yet, so there is nothing to compare with its sector.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
It has no steady three-year profit record yet, so growth cannot be weighed against the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Manipal Payment and Identity Solutions Limited — this one | — | 31.2× | — |
| One 97 Communications Limited | 34%/yr | 129.5× | ₹3.8 |
| PB Fintech Limited | 50%/yr | 61.9× | ₹1.2 |
| Pine Labs Limited | 36%/yr | 150.2× | ₹4.2 |
| Moneyview Limited | 34%/yr | 26.0× | ₹0.76 |
| Seshaasai Technologies Limited | — | 21.7× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Financial Technology (Fintech)), it ranks 1 of 11 on returns, 2 of 11 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 43.3% on capital, ahead of 91% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the 3 years of cash statements on file it made ₹801 crore of cash from the business, spent ₹159 crore on plant and equipment, and returned ₹234 crore to lenders and shareholders.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
Not enough filed accounts to run these checks yet.
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 1 Oct 2026 · Consolidated · Unaudited
Revenue
₹419 Cr
Revenue vs last year
+47.5%
Revenue vs last quarter
+23.6%
Net profit
₹78 Cr
Profit vs last year
+128.5%
Profit vs last quarter
+36.3%
Net margin
18.5%
EPS
₹3.49
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹7,960 Cr
- Prev close
- ₹361.80
- 52w High
- ₹458
- 52w Low
- ₹316
- Enterprise value
- ₹8,378 Cr
- Beta
- —
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 21.8%
- PEG ratio
- —
- P/E ratio
- 31.2
- P/B ratio
- —
- EV / EBITDA
- 19.7
- Industry P/E
- 61.6
- ROCE
- 43.3%
- ROCE 5y average
- 46.0%
- ROE
- 46.6%
- Debt / Equity
- 0.2
- Interest coverage
- 8.3
- Dividend yield
- 0.0%
- ROE 3y average
- 78.0%
- ROE last year
- 45.0%
Annual P&L
- Annual revenue
- ₹1,327 Cr
- Annual profit
- ₹253 Cr
- Operating margin
- 32.0%
- Net profit margin
- 19.1%
- EBITDA margin
- 32.1%
- Sales growth 3y
- —
- Sales growth 5y
- —
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹11.4
- Sales growth TTM
- 6.0%
- Profit growth TTM
- 64.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹409 Cr
- Profit latest quarter
- ₹76 Cr
- YoY quarterly sales growth
- 44.1%
- YoY quarterly profit growth
- 123.4%
- OPM latest quarter
- 30.0%
Balance Sheet
- Book Value
- ₹36.0
- Face Value
- ₹2.0
- Total debt
- ₹153 Cr
- Total cash
- —
- Borrowings
- ₹153 Cr
- Reserves / Equity
- 17.0
Cash Flow
- Operating cash flow
- ₹208 Cr
- Free cash flow
- ₹126 Cr
- FCF yield
- 1.0%
- Net cash flow
- ₹125 Cr
Shareholding
- Promoter holding
- 53.9%
- FII holding
- 4.3%
- DII holding
- 24.8%
- Public holding
- 17.0%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| One 97 | 1,732.00 | 137.1 | 1,11,213 | 0.00 | 220.0 | 57.6 | 2,448.0 | 27.6 | 5.0 |
| PB Fintech. | 1,040.00 | 64.3 | 48,126 | 0.00 | 162.9 | 92.5 | 1,888.3 | 40.1 | 10.3 |
| Pine Labs | 177.67 | 158.5 | 20,516 | 0.00 | 19.6 | 308.6 | 736.9 | 19.6 | 4.2 |
| Moneyview | 60.46 | 27.1 | 10,642 | 0.00 | 18.3 | ||||
| Manipal Payment | 377.60 | 29.3 | 8,753 | 0.00 | 77.7 | 129.1 | 419.0 | 47.8 | |
| Seshaasai Tech. | 369.70 | 22.3 | 5,982 | 0.68 | 61.8 | 68.3 | 376.2 | 21.0 | 28.0 |
| AvenuesAI | 15.56 | 18.3 | 5,430 | 0.00 | 84.8 | 24.3 | 2,680.4 | 109.4 | 7.7 |
| Network People | 1,854.90 | 86.7 | 3,870 | 0.11 | 11.1 | 53.7 | 56.5 | 68.0 | 19.7 |
| Median | 216.88 | 29.3 | 5,706 | 0.00 | 19.6 | 63.0 | 376.2 | 33.7 | 10.3 |
Competes with: Asset Reconstruction Company (India) Limited, AvenuesAI Limited, Karamtara Engineering Limited, LCC Projects Limited, Moneyview Limited, Network People Services Technologies Limited, One 97 Communications Limited, One Mobikwik Systems Limited, PB Fintech Limited, Pine Labs Limited, Rentomojo Limited, Seshaasai Technologies Limited, Steamhouse India Limited, Suvidhaa Infoserve Limited, Turtlemint Fintech Solutions Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 284 | 339 | 409 |
| Expenses | 197 | 245 | 295 |
| Material Cost | 148 | ||
| Change in Inventories | 6.03 | ||
| Purchases of Stock-in-Trade | 16 | ||
| Employee Cost | 32 | ||
| Other Expenses | 88 | ||
| Operating Profit | 86 | 95 | 124 |
| OPM % | 30 | 28 | 30 |
| Other Income | 9 | 10 | 5 |
| Exceptional items (within Other Income) | 0 | ||
| Interest | 34 | 5 | 4.41 |
| Depreciation | 14 | 17 | 19 |
| Profit before tax | 48 | 82 | 102 |
| Tax % | 29 | 31 | 26 |
| Net Profit | 34 | 57 | 76 |
| EPS in Rs | 1.53 | 2.56 | 3.42 |
| Diluted EPS in Rs | 3.32 |
Filed only on the standalone basis, so shown from it: Change in Inventories, Depreciation, Diluted EPS in Rs, EPS in Rs, Employee Cost, Exceptional items (within Other Income), Gross Margin %, Interest, Material Cost, Net Profit, Other Expenses, Profit before tax, Purchases of Stock-in-Trade, Sales.
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 1,248 | 1,256 | 1,327 |
| Expenses | 912 | 865 | 901 |
| Operating Profit | 335 | 391 | 426 |
| OPM % | 27 | 31 | 32 |
| Other Income | 20 | 127 | 27 |
| Interest | 20 | 109 | 48 |
| Depreciation | 35 | 55 | 56 |
| Profit before tax | 300 | 354 | 349 |
| Tax % | 17 | 20 | 27 |
| Net Profit | 249 | 282 | 253 |
| EPS in Rs | 60 | 14 | 11 |
| Dividend Payout % | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- 6%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- 64%
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- 78%
- Last year
- 45%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity Capital | 41 | 41 | 44 |
| Reserves | 48 | 263 | 747 |
| Borrowings | 492 | 565 | 153 |
| Other Liabilities | 521 | 541 | 216 |
| Total Liabilities | 1,103 | 1,410 | 1,161 |
| Fixed Assets | 138 | 215 | 352 |
| CWIP | 4 | 12 | 12 |
| Investments | 0 | 172 | 61 |
| Other Assets | 961 | 1,011 | 736 |
| Total Assets | 1,103 | 1,410 | 1,161 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from Operating Activity | 309 | 284 | 208 |
| Cash from Investing Activity | -76 | -586 | 245 |
| Cash from Financing Activity | 267 | -173 | -328 |
| Net Cash Flow | 500 | -475 | 125 |
| Free Cash Flow | 297 | 219 | 126 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | 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 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
News
News and filings about Manipal Payment and Identity Solutions Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- Asset Reconstruction Company (India) Limited
- AvenuesAI Limited
- Karamtara Engineering Limited
- LCC Projects Limited
- Moneyview Limited
- Network People Services Technologies Limited
- One 97 Communications Limited
- One Mobikwik Systems Limited
- PB Fintech Limited
- Pine Labs Limited
- Rentomojo Limited
- Seshaasai Technologies Limited
- Steamhouse India Limited
- Suvidhaa Infoserve Limited
- Turtlemint Fintech Solutions Limited
Exports to
- Bahrain
- Hong Kong
- Oman
- Singapore
- South Africa
- UAE
- United Kingdom
Sells to
- Axis Bank · secure payment, identity and logistics solutions
- Bank of India · secure payment, identity and logistics solutions
- Canara Bank · secure payment, identity and logistics solutions
- Election Commission of India · voter identity cards
- Federal Bank · secure payment, identity and logistics solutions
- Government of India · secure identity credentials including national IDs, driving licences and registration cert…
- HDFC Bank · secure payment, identity and logistics solutions
- ICICI Bank · secure payment, identity and logistics solutions
- Kotak Mahindra · secure payment, identity and logistics solutions
- NBFCs · payment cards
- Revolut · secure payment, identity and logistics solutions
- SBI · secure payment, identity and logistics solutions
- SBI Cards & Payment Services · secure payment, identity and logistics solutions
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Financial Services
- Industry
- Financial Technology (Fintech)
- Classification
- Financial Services › Financial Technology (Fintech)
- ISIN
- INE241U01028
Plants
- Precision Manufacturing Facility · Manipal, Karnataka
News impact
Big market events that reach Manipal Payment and Identity Solutions Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
No dividends, splits or big trades on record.
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Results presentation30 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.