Manipal Payment and Identity Solutions Limited
: MPIMANIPAL · Financial Technology (Fintech)
Snapshot
Unlock Manipal Payment and Identity Solutions Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Manipal Payment and Identity Solutions Limited is a leading Indian provider of secure print, digital transaction, and identity management solutions. The company manufactures smart cards, EMV payment cards, SIM cards, and secure identity documents such as passports and national ID cards for banking, telecom, and government sectors.
Business Model
The company generates revenue through the large-scale manufacturing and supply of secure payment cards, telecom SIM cards, and government identity documents. It also provides banking kiosk solutions and biometric devices tailored for rural and semi-urban markets.
Growth Outlook
Growth is driven by increasing adoption of digital payment methods, expansion of financial inclusion initiatives in rural markets, and rising demand for secure identity documents and telecom solutions.
Key Risks
- Technological Obsolescence. Rapid shifts towards digital-only transactions could reduce long-term demand for physical smart cards and secure print solutions.
- Client Concentration. Heavy reliance on banking, telecommunications, and government sectors exposes the business to regulatory changes and government spending cycles.
- Raw Material Price Volatility. Fluctuations in the costs of specialized plastics, silicon chips, and security printing materials can compress operating margins.
Start your research today
Unlock AI insights, financials, peers and live data on Manipal Payment and Identity Solutions Limited and 5,000+ companies — free.
Peers · Financial Technology (Fintech)
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Manipal Payment and Identity Solutions LimitedMPIMANIPAL | ₹8,001 Cr | — | — | — | 32.0% | — | — | — |
PB Fintech Ltd.POLICYBZR | ₹81,665 Cr | 108.75 | 82.50 | 38.0% | 13.4% | 10.9% | 11.6% | -1.4% |
Pine LabsPINELABS | ₹21,183 Cr | 163.26 | 37.38 | — | 19.0% | 2.2% | 4.2% | — |
Seshaasai Technologies LimitedSTYL | ₹5,920 Cr | 22.05 | 14.01 | — | 27.5% | 18.5% | 24.8% | — |
Turtlemint Fintech Solutions LimitedTURTLEMINT | ₹3,877 Cr | — | — | — | -12.0% | — | — | — |
One Mobikwik Systems LimitedMOBIKWIK | ₹1,564 Cr | -122.62 | 37.96 | 2.7% | 3.7% | -2.2% | 2.0% | -34.2% |
As of Mar 2026
Financials
Manipal Payment and Identity Solutions Limited
: MPIMANIPAL · Financial Technology (Fintech)
Snapshot
Unlock Manipal Payment and Identity Solutions Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Manipal Payment and Identity Solutions Limited is a leading Indian provider of secure print, digital transaction, and identity management solutions. The company manufactures smart cards, EMV payment cards, SIM cards, and secure identity documents such as passports and national ID cards for banking, telecom, and government sectors.
Business Model
The company generates revenue through the large-scale manufacturing and supply of secure payment cards, telecom SIM cards, and government identity documents. It also provides banking kiosk solutions and biometric devices tailored for rural and semi-urban markets.
Growth Outlook
Growth is driven by increasing adoption of digital payment methods, expansion of financial inclusion initiatives in rural markets, and rising demand for secure identity documents and telecom solutions.
Key Risks
- Technological Obsolescence. Rapid shifts towards digital-only transactions could reduce long-term demand for physical smart cards and secure print solutions.
- Client Concentration. Heavy reliance on banking, telecommunications, and government sectors exposes the business to regulatory changes and government spending cycles.
- Raw Material Price Volatility. Fluctuations in the costs of specialized plastics, silicon chips, and security printing materials can compress operating margins.
Start your research today
Unlock AI insights, financials, peers and live data on Manipal Payment and Identity Solutions Limited and 5,000+ companies — free.
Peers · Financial Technology (Fintech)
As of Mar 2026