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MANIPAL PAYMENT AND IDENTITY SOLUTIONS LIMITED

  • https://mpimanipal.com/
  • Sector: Banks/NBFC/Payments
  • CHRYSEUM SCORE: 5.50/10.00
    ×

    MANIPAL PAYMENT AND IDENTITY SOLUTIONS LIMITED

    • Sector: Banks/NBFC/Payments
    • CHRYSEUM SCORE: 5.50/10.00

    Description: Manipal Payment and Identity Solutions, part of the Manipal Group, is India s leading manufacturer of banking and smart cards. The company has provided innovative card services, including design, manufacturing, and delivery. 

    Evaluation is basis the latest financial year disclosures filed by the company

    Valuation

    Max Score: 3.50

    P/E of Company

    42.47

    AVG P/E of Key Peer/s

    15.28

    Valuation Score

    0.00

    The Valuation Score depicts if the company is available at a discount when compared to its listed/unlisted peers. Higher the discount, more is the score given to the company.

    Growth

    Max Score: 3.50

    Sales Growth

    65.53%

    PAT Growth

    121.24%

    ROE

    49.13%

    Growth Score

    3.50

    The Growth Score accounts for the growth in Sales and PAT on a 3 year CAGR basis and the Company’s ROE as per the latest financial year results released by the company.

    Leverage

    Max Score: 1.50

    Debt / Equity

    1.21

    AVG Industry Debt / Equity

    NA

    Leverage Score

    0.50

    Lower the Debt/Equity, higher the score.

    Management Quality

    Max Score: 1.50

    Board Structure & Composition

    1.00

    Related Party Transactions

    1.00

    Timely Disclosure

    1.00

    Management Score

    1.50

    This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹362.00 0.00 (0.00%)

As on 13 Oct, 2026
L 355.00 52 Week Range H 430.00
Company Description : Manipal Payment and Identity Solutions, part of the Manipal Group, is India s leading manufacturer of banking and smart cards. The company has provided innovative card services, including design, manufacturing, and delivery. 
Company Overview
  • Name of Company MANIPAL PAYMENT AND IDENTITY SOLUTIONS LIMITED
  • Sector Banks/NBFC/Payments
  • ISIN INE241U01028
  • Scrip Code MANIPAL PAYMENT
  • CIN U72900KA2008PLC045316
  • Pan No AAFCM4088E
  • Face Value 10
  • Price ₹ 362.00
  • No. of Shares outstanding 22.24 Cr.
  • Market Cap ₹ 8,049.61 Cr
Financials
  • Revenue from operations ₹ 1,256.07 Cr.
  • EBITDA ₹ 408.77 Cr.
  • EBITDA Margin % 32.54%
  • Profit After Tax ₹ 282.22 Cr.
  • PAT Margin % 22.10%
  • EPS 12.69
  • Stock P/E 28.53
  • Book Value Per Share 13.68
  • P/B 26.46
  • Debt/Equity 1.55
Other Key Statistics
  • 52 week High/Low 430.00/355.00
  • Dividend Per Share 0.00
  • Dividend Yield 0.00%
  • Sales Growth - 3 years 73.64%
  • EBITDA Growth - 3 years 130.34%
  • PAT Growth - 3 years 188.36%
  • EPS Growth - 3 years 64.52%
  • ROE 92.76%
  • ROCE 48.35%
  • Cash Equivalents 85.28
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY25
Company Name Manipal Payment and identity Solutions Seshaasai Technologies Ltd
Listing Status Unlisted Listed
Revenue from Operations 1,256.07 1,462.00
Total Income 1,277.11 1,472.30
Finance Cost 109.12 34.20
Depreciation & Amortization 55.19 41.15
Total Expenses 1,032.65 1,177.57
EBITDA 408.77 370.08
PAT 282.22 222.21
No. of Shares Outstanding 22.24 16.18
EPS (in ₹) 12.69 13.73
Share Capital 41.36 148.00
Total Net Worth 304.25 639.00
Total Assets 1,409.67 1,160.00
Borrowings 472.86 352.89
Key Metrics:
CMP* 362.00 347.00
Market Cap (In Cr.) 8,049.61 5,614.46
Market Cap/Sales 6.30 3.81
EPS (Earnings Per Share) 12.69 13.73
BVPS (Book Value Per Share) 13.68 39.49
P/E 28.53 25.27
P/BV 26.46 8.79
EBITDA Margin 32.54% 25.31%
ROE 92.76% 34.77%
ROA 20.02% 19.16%
*Market Price in ₹ as on 13 Oct, 2026

Profit Loss

FY25 FY24 FY23 FY22 FY21
Revenue from operations 1,256.07 1,029.17 745.59 239.91 226.91
Y-o-Y Revenue Growth 22.05% 38.03% 210.78% 5.73% -13.97%
Other Income 21.04 21.47 12.06 14.85 25.00
Total Income 1,277.11 1,050.64 757.65 254.76 251.91
Total Expenses (Excludes Interest and Depreciation) 868.34 763.78 643.16 221.31 210.94
Operating Profit (After deducting Depreciation) 332.54 237.26 84.68 8.99 5.74
OPM % 26.47 23.05 11.36 3.75 2.53
EBITDA 408.77 286.86 114.49 33.45 40.97
Depreciation 55.19 28.13 17.75 9.61 10.23
EBIT 353.58 258.73 96.74 23.84 30.74
Interest 109.12 22.06 11.94 7.89 7.73
EBT before Exceptional Items 244.46 236.67 84.80 15.95 23.01
Prior period/Exceptional /Extra Ordinary Items -110.00 0.00 0.00 0.00 0.00
Profit before tax/EBT 354.46 236.67 84.80 15.95 23.01
Tax 72.24 53.76 17.88 4.17 6.11
Net Profit 282.22 182.91 66.92 11.77 16.89
Profit (loss) of minority interest 0.00 0.00 0.00 0.00 0.00
Total profit (loss) for period 282.22 182.91 66.92 11.77 16.89
EPS in Rs 12.69 8.83 3.24 2.85 4.08
EPS Change % 43.73% 172.53% 13.68% -30.15% -23.60%
EBITDA Change % 42.50% 150.55% 242.27% -18.35% -11.65%
Profit growth 54.29% 173.33% 468.56% -30.31% -23.47%
ROCE 48.35% 30.70% 39.08% 12.20% 15.75%
ROE 92.76% 204.12% -71.90% 7.05% 10.64%
Debt / Equity Ratio 1.55 5.02 -1.04 0.41 0.44
Sales growth 3Years 73.64%
Sales growth 5Years 36.64%
Dividend per share 0.00

Balance Sheet

FY25 FY24 FY23 FY22 FY21
Share Capital 41.36 41.36 41.36 41.36 41.36
Reserves 262.89 48.25 -134.43 125.59 117.38
Total shareholders' funds 304.25 89.61 -93.07 166.95 158.74
Borrowings 472.86 449.48 96.62 67.81 69.63
Other Liabilities 405.38 101.02 90.90 9.24 9.83
Total Liabilities 1,105.42 658.76 327.77 139.44 170.71
Fixed Assets 212.57 117.79 81.03 51.28 57.92
Capital WIP 12.09 0.00 0.00 0.00 0.00
Investments 171.91 0.04 0.04 0.04 0.04
Other Assets 654.24 79.14 60.45 46.93 52.23
Total Assets 1,409.67 1,031.02 521.01 306.39 329.46
Cash Equivalents 85.28 543.66 17.16 8.81 11.19
Total Current liability 678.40 188.13 273.49 111.01 134.27
Total Assets -Total Current liabilty 731.27 842.89 247.52 195.38 195.19

Cash Flow

FY25 FY24 FY23 FY22 FY21
Net Cash from / (used in) Operating Activity 284.38 195.41 -72.59 -11.20 -8.70
Net Cash from / (used in) Investing Activity -586.13 -17.87 7.44 25.33 10.31
Net Cash from / (used in) Financing Activity -172.79 322.17 69.70 -14.76 -5.08
Net Inc/Dec In Cash And Cash Equivalents -474.54 499.71 4.55 -0.62 -3.48

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 13.93 62.65%
Non Promoters 8.31 37.35%

News

MANIPAL PAYMENT AND IDENTITY SOLUTIONS LIMITED

  • https://mpimanipal.com/
  • Sector: Banks/NBFC/Payments
  • CHRYSEUM SCORE: 5.50/10.00
    ×

    MANIPAL PAYMENT AND IDENTITY SOLUTIONS LIMITED

    • Sector: Banks/NBFC/Payments
    • CHRYSEUM SCORE: 5.50/10.00

    Description: Manipal Payment and Identity Solutions, part of the Manipal Group, is India s leading manufacturer of banking and smart cards. The company has provided innovative card services, including design, manufacturing, and delivery. 

    Evaluation is basis the latest financial year disclosures filed by the company

    Valuation

    Max Score: 3.50

    P/E of Company

    42.47

    AVG P/E of Key Peer/s

    15.28

    Valuation Score

    0.00

    The Valuation Score depicts if the company is available at a discount when compared to its listed/unlisted peers. Higher the discount, more is the score given to the company.

    Growth

    Max Score: 3.50

    Sales Growth

    65.53%

    PAT Growth

    121.24%

    ROE

    49.13%

    Growth Score

    3.50

    The Growth Score accounts for the growth in Sales and PAT on a 3 year CAGR basis and the Company’s ROE as per the latest financial year results released by the company.

    Leverage

    Max Score: 1.50

    Debt / Equity

    1.21

    AVG Industry Debt / Equity

    NA

    Leverage Score

    0.50

    Lower the Debt/Equity, higher the score.

    Management Quality

    Max Score: 1.50

    Board Structure & Composition

    1.00

    Related Party Transactions

    1.00

    Timely Disclosure

    1.00

    Management Score

    1.50

    This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹362.00 0.00 (0.00%)

As on 13 Oct, 2026
L 355.00 52 Week Range H 430.00
Company Description : Manipal Payment and Identity Solutions, part of the Manipal Group, is India s leading manufacturer of banking and smart cards. The company has provided innovative card services, including design, manufacturing, and delivery. 
Company Overview
  • Name of Company MANIPAL PAYMENT AND IDENTITY SOLUTIONS LIMITED
  • Sector Banks/NBFC/Payments
  • ISIN INE241U01028
  • Scrip Code MANIPAL PAYMENT
  • CIN U72900KA2008PLC045316
  • Pan No AAFCM4088E
  • Face Value 10
  • Price ₹ 362.00
  • No. of Shares outstanding 22.24 Cr.
  • Market Cap ₹ 8,049.61 Cr
Financials
  • Revenue from operations ₹ 1,256.07 Cr.
  • EBITDA ₹ 408.77 Cr.
  • EBITDA Margin % 32.54%
  • Profit After Tax ₹ 282.22 Cr.
  • PAT Margin % 22.10%
  • EPS 12.69
  • Stock P/E 28.53
  • Book Value Per Share 13.68
  • P/B 26.46
  • Debt/Equity 1.55
Other Key Statistics
  • 52 week High/Low 430.00/355.00
  • Dividend Per Share 0.00
  • Dividend Yield 0.00%
  • Sales Growth - 3 years 73.64%
  • EBITDA Growth - 3 years 130.34%
  • PAT Growth - 3 years 188.36%
  • EPS Growth - 3 years 64.52%
  • ROE 92.76%
  • ROCE 48.35%
  • Cash Equivalents 85.28
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY25
Company Name Manipal Payment and identity Solutions Seshaasai Technologies Ltd
Listing Status Unlisted Listed
Revenue from Operations 1,256.07 1,462.00
Total Income 1,277.11 1,472.30
Finance Cost 109.12 34.20
Depreciation & Amortization 55.19 41.15
Total Expenses 1,032.65 1,177.57
EBITDA 408.77 370.08
PAT 282.22 222.21
No. of Shares Outstanding 22.24 16.18
EPS (in ₹) 12.69 13.73
Share Capital 41.36 148.00
Total Net Worth 304.25 639.00
Total Assets 1,409.67 1,160.00
Borrowings 472.86 352.89
Key Metrics:
CMP* 362.00 347.00
Market Cap (In Cr.) 8,049.61 5,614.46
Market Cap/Sales 6.30 3.81
EPS (Earnings Per Share) 12.69 13.73
BVPS (Book Value Per Share) 13.68 39.49
P/E 28.53 25.27
P/BV 26.46 8.79
EBITDA Margin 32.54% 25.31%
ROE 92.76% 34.77%
ROA 20.02% 19.16%
*Market Price in ₹ as on 13 Oct, 2026

Profit Loss

FY25 FY24 FY23 FY22 FY21
Revenue from operations 1,256.07 1,029.17 745.59 239.91 226.91
Y-o-Y Revenue Growth 22.05% 38.03% 210.78% 5.73% -13.97%
Other Income 21.04 21.47 12.06 14.85 25.00
Total Income 1,277.11 1,050.64 757.65 254.76 251.91
Total Expenses (Excludes Interest and Depreciation) 868.34 763.78 643.16 221.31 210.94
Operating Profit (After deducting Depreciation) 332.54 237.26 84.68 8.99 5.74
OPM % 26.47 23.05 11.36 3.75 2.53
EBITDA 408.77 286.86 114.49 33.45 40.97
Depreciation 55.19 28.13 17.75 9.61 10.23
EBIT 353.58 258.73 96.74 23.84 30.74
Interest 109.12 22.06 11.94 7.89 7.73
EBT before Exceptional Items 244.46 236.67 84.80 15.95 23.01
Prior period/Exceptional /Extra Ordinary Items -110.00 0.00 0.00 0.00 0.00
Profit before tax/EBT 354.46 236.67 84.80 15.95 23.01
Tax 72.24 53.76 17.88 4.17 6.11
Net Profit 282.22 182.91 66.92 11.77 16.89
Profit (loss) of minority interest 0.00 0.00 0.00 0.00 0.00
Total profit (loss) for period 282.22 182.91 66.92 11.77 16.89
EPS in Rs 12.69 8.83 3.24 2.85 4.08
EPS Change % 43.73% 172.53% 13.68% -30.15% -23.60%
EBITDA Change % 42.50% 150.55% 242.27% -18.35% -11.65%
Profit growth 54.29% 173.33% 468.56% -30.31% -23.47%
ROCE 48.35% 30.70% 39.08% 12.20% 15.75%
ROE 92.76% 204.12% -71.90% 7.05% 10.64%
Debt / Equity Ratio 1.55 5.02 -1.04 0.41 0.44
Sales growth 3Years 73.64%
Sales growth 5Years 36.64%
Dividend per share 0.00

Balance Sheet

FY25 FY24 FY23 FY22 FY21
Share Capital 41.36 41.36 41.36 41.36 41.36
Reserves 262.89 48.25 -134.43 125.59 117.38
Total shareholders' funds 304.25 89.61 -93.07 166.95 158.74
Borrowings 472.86 449.48 96.62 67.81 69.63
Other Liabilities 405.38 101.02 90.90 9.24 9.83
Total Liabilities 1,105.42 658.76 327.77 139.44 170.71
Fixed Assets 212.57 117.79 81.03 51.28 57.92
Capital WIP 12.09 0.00 0.00 0.00 0.00
Investments 171.91 0.04 0.04 0.04 0.04
Other Assets 654.24 79.14 60.45 46.93 52.23
Total Assets 1,409.67 1,031.02 521.01 306.39 329.46
Cash Equivalents 85.28 543.66 17.16 8.81 11.19
Total Current liability 678.40 188.13 273.49 111.01 134.27
Total Assets -Total Current liabilty 731.27 842.89 247.52 195.38 195.19

Cash Flow

FY25 FY24 FY23 FY22 FY21
Net Cash from / (used in) Operating Activity 284.38 195.41 -72.59 -11.20 -8.70
Net Cash from / (used in) Investing Activity -586.13 -17.87 7.44 25.33 10.31
Net Cash from / (used in) Financing Activity -172.79 322.17 69.70 -14.76 -5.08
Net Inc/Dec In Cash And Cash Equivalents -474.54 499.71 4.55 -0.62 -3.48

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 13.93 62.65%
Non Promoters 8.31 37.35%

News

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