Company Overview
Manipal Payment and Identity Solutions Limited, a smart card manufacturer, provides payments solutions, identifications solutions, secure solutions, and smart tagging and internet of things solutions to banks, fintechs, non-banking finance companies, and governments across domestic and international jurisdictions. The company offers various payment solutions, such as payment cards, cheque solutions, near-field communication (NFC)/quick response (QR) codes, payment-enabled wearables, and digital automation solutions; identification solutions that include driving licenses, registration certificates, national identity cards, and transit management solutions; secure solutions, such as secure logistics, premium notices, renewal letters, and marketing collateral; and security-enhanced packaging solutions, such as tamper-evident envelopes, holograms, and coated products. It also offers smart tagging and IOT solutions that include printing of excise labels with holograms and encrypted QR codes for various state excise departments, IOT and track and trace solutions with radio-frequency identification (RFID) tags, and anti-counterfeiting solutions. Manipal Payment and Identity Solutions Limited was formerly known as MCT Cards and Technology Private Limited and changed its name to Manipal Payment and Identity Solutions Limited in August 2024. The company was incorporated in 2008 and is based in Manipal, India. Manipal Payment and Identity Solutions Limited operates as a subsidiary of Manipal Technologies Limited.
Why Investors Should Care
Generates a return on equity of 46.2%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 43.4%.
Net profit has compounded at 29.1% per year over the last five years.
Revenue has grown at a 13.7% CAGR over the past five years.
Maintains a net profit margin of 19.1%.
Carries low leverage with a debt-to-equity ratio of 0.17.
Recent Developments
- Mar 2026 Revenue of ₹1,317.04 Cr (+5.8% YoY); net profit ₹253.46 Cr.
- Trailing 12 Months Year-on-year growth — revenue +5.8%, earnings -10.2%.
- 5-Year Trend Long-term compounding — revenue CAGR 13.7%, profit CAGR 29.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 13.73% |
| 1 Year: | 5.79% |
Compounded Profit Growth
| 5 Years: | 29.15% |
| 1 Year: | -10.19% |
Stock Price Performance
| 1 Year: | - |
| 6 Months: | - |
| 3 Months: | - |
| 1 Month: | - |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
P/E of 28.35 is above the sector median of 24.46 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 46.2%.
- Healthy ROCE of 43.4%.
- Compounding revenue at 13.7% over 5 years.
- Profit CAGR of 29.1% over 5 years.
- Generates positive free cash flow.
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MPIMANIPAL MPIMANIPAL.NS NSETECH | 345.15 | 28.35 | ₹8,000.73 Cr | 0.00% | 43.45% | 46.25% | 13.73% | 29.15% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,188.80 | 15.91 | ₹7.92 L Cr | 2.88% | 54.93% | 47.74% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,060.00 | 13.86 | ₹4.29 L Cr | 4.62% | 41.66% | 32.00% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,253.00 | 19.51 | ₹3.39 L Cr | 4.70% | 27.21% | 24.07% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 166.89 | 13.26 | ₹1.65 L Cr | 4.66% | 17.85% | 16.13% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,558.00 | 26.94 | ₹1.38 L Cr | 3.27% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,233.00 | 24.01 | ₹1.25 L Cr | 1.69% | 25.39% | 21.97% | 8.43% | 4.41% |
| 8 | PAYTM One97 Communications Limited NIFTY_MIDNSEAITECH | 1,790.00 | 178.64 | ₹1.15 L Cr | 0.00% | 3.68% | 3.45% | 2.20% | 43.71% |
| 9 | LGEINDIA LG Electronics India Limited NIFTY_MIDNSETECH | 1,628.20 | 60.48 | ₹1.11 L Cr | 0.00% | 27.64% | 21.98% | 1.25% | - |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Jun 2025 |
|---|---|
| Revenue | 281.37 Cr |
| Cost of Revenue | 138.62 Cr |
| Gross Profit | 142.76 Cr |
| Operating Expenses | 70.40 Cr |
| Operating Income | 72.35 Cr |
| EBITDA | 94.78 Cr |
| Interest Expense | 33.19 Cr |
| Pretax Income | 47.75 Cr |
| Tax Provision | 13.82 Cr |
| Net Income | 33.93 Cr |
| Diluted EPS | 1.46 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | 895.25 Cr | 1,239.66 Cr | 1,244.93 Cr | 1,317.04 Cr |
| Cost of Revenue | 621.14 Cr | 741.90 Cr | 637.43 Cr | 643.36 Cr |
| Gross Profit | 274.11 Cr | 497.75 Cr | 607.50 Cr | 673.68 Cr |
| Operating Expenses | 147.88 Cr | 192.09 Cr | 269.83 Cr | 303.86 Cr |
| Operating Income | 126.23 Cr | 305.66 Cr | 337.66 Cr | 369.82 Cr |
| EBITDA | 176.69 Cr | 353.82 Cr | 518.24 Cr | 449.28 Cr |
| Interest Expense | 9.80 Cr | 18.65 Cr | 108.59 Cr | 43.77 Cr |
| Pretax Income | 131.54 Cr | 300.35 Cr | 354.46 Cr | 349.26 Cr |
| Tax Provision | 13.87 Cr | 51.18 Cr | 72.24 Cr | 95.80 Cr |
| Net Income | 117.67 Cr | 249.16 Cr | 282.21 Cr | 253.46 Cr |
| Diluted EPS | 5.08 | 10.75 | 12.17 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Total Assets | 613.45 Cr | 1,102.71 Cr | 1,409.67 Cr | 1,160.90 Cr |
| Current Assets | 444.30 Cr | 907.73 Cr | 1,127.02 Cr | 742.50 Cr |
| Cash & Equivalents | 4.93 Cr | 504.63 Cr | 30.08 Cr | 155.14 Cr |
| Inventory | 142.31 Cr | 112.13 Cr | 109.44 Cr | 182.76 Cr |
| Receivables | 152.56 Cr | 116.84 Cr | 137.82 Cr | 196.75 Cr |
| Total Liabilities | 706.52 Cr | 1,013.10 Cr | 1,105.42 Cr | 369.00 Cr |
| Current Liabilities | 291.36 Cr | 190.75 Cr | 678.40 Cr | 256.28 Cr |
| Long Term Debt | 41.43 Cr | 428.38 Cr | 357.41 Cr | 29.00 L |
| Total Debt | 115.07 Cr | 492.41 Cr | 564.53 Cr | 152.85 Cr |
| Total Equity | -93.07 Cr | 89.61 Cr | 304.25 Cr | 791.90 Cr |
| Shares Outstanding | 23.18 Cr | 23.18 Cr | 23.18 Cr | 23.18 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating Cash Flow | 43.25 Cr | 308.57 Cr | 284.38 Cr | 207.67 Cr |
| Investing Cash Flow | 6.94 Cr | -75.88 Cr | -586.13 Cr | 243.07 Cr |
| Financing Cash Flow | -45.63 Cr | 267.02 Cr | -172.79 Cr | -327.51 Cr |
| Capital Expenditure | -1.87 Cr | -11.81 Cr | -66.00 Cr | -81.37 Cr |
| Free Cash Flow | 41.38 Cr | 296.76 Cr | 218.38 Cr | 126.30 Cr |
| Net Change in Cash | 4.55 Cr | 499.71 Cr | -474.54 Cr | 123.23 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Gross Margin % | 30.6% | 40.2% | 48.8% | 51.2% |
| Operating Margin % | 14.1% | 24.7% | 27.1% | 28.1% |
| Net Margin % | 13.1% | 20.1% | 22.7% | 19.2% |
| ROE % | -126.4% | 278.0% | 92.8% | 32.0% |
| ROCE % | 39.2% | 33.5% | 46.2% | 40.9% |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MPIMANIPAL
Manipal Payment and Identity Solutions Limited Stock (MPIMANIPAL) - Quote NSE India S.E. - marketscreener.com
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MANIPAL PAYMENT & IDE S L Share Price - Upstox
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Manipal Payment and Identity Solutions Ltd. Share Price Live Today - CNBC TV18
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Manipal Payment & Identity Solutions IPO allotment today: GMP signals flat listing; check status on... - Moneycontrol.com
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Manipal Payment and Identity Solutions Limited has completed an IPO in the amount of INR 8.05 billion. - marketscreener.com
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Manipal Payment IPO Date, Review, Price, Allotment Details - ipowatch.in
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MPIMANIPAL — Frequently Asked Questions
What is the current share price of MPIMANIPAL?
As of 2026-09-18 04:56 IST, MPIMANIPAL trades at ₹345.15 on NSE. Its 52-week range is ₹345.15 to ₹345.15.
What is the market capitalisation of MPIMANIPAL?
MPIMANIPAL has a market capitalisation of ₹8,000.73 Cr on NSE.
What is the P/E ratio of MPIMANIPAL?
MPIMANIPAL trades at a trailing price-to-earnings (P/E) ratio of 28.35. The industry average P/E is 24.46. Its price-to-book (P/B) ratio is 10.10.
What is the return on equity (ROE) of MPIMANIPAL?
MPIMANIPAL has a return on equity (ROE) of 46.25%. Its return on capital employed (ROCE) is 43.45%.
Is MPIMANIPAL a good stock to buy?
This page provides a data-driven analysis of MPIMANIPAL, including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.