Manipal Housing Finance Syndicate Ltd
- Unlisted share
- Financial Services
- ISIN INE03Y801013
At a glance
Sales
FY26
₹74.44 Cr
+18.9%on FY25What the company earned from its customers in the year.
Profit
FY26
₹14.09 Cr
+13.8%on FY25What was left after every cost and tax was paid.
Market valuecalculated
₹71 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹140 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Manipal Housing Finance Syndicate Ltd
- ISIN
- INE03Y801013
- Sector
- Financial Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹83.16
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Manipal Housing Finance Syndicate Ltd
Manipal Housing Finance Syndicate is a small deposit-taking housing finance company based at Manipal in Karnataka that lends for homes, home improvement and against gold, almost entirely within the state, and funds itself with bank loans and public deposits. It was set up in 1986 by the Manipal group together with Syndicate Bank, now Canara Bank, which still holds 7.05% and has a nominee on the board; the Pai family and group companies hold most of the rest of the promoter stake.
Written from: manipalhousing.com, careratings.com, manipalhousing.com
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Financial Services
- ISIN
- INE03Y801013
- Registered office
- Manipal, Udupi district, Karnataka
- Promoters
- Manipal group (MPL Insurance Agency Services Pvt Ltd 34.10%, ICDS Ltd 8.57%, T Narayan M Pai 9.27% and other Pai family members) with Canara Bank (formerly Syndicate Bank) 7.05%
- Key people
- Chairman: N A Shanbhag; Executive Director: T Sunil Pai; General Manager: Dr. K K Ammannaya
- Face value per share
- ₹10
- Equity shares outstanding
- 85,05,150 shares
- CIN
- U65922KA1986PLC007396
- Website
- manipalhousing.com
Read from: 40th Annual Report 2025-26, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
5.1×
At this price you pay ₹5.1 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
0.51×
At this price you pay ₹0.51 for every ₹1 of net worth on the company's books.
Profit margincalculated
18.9%
Out of every ₹100 of sales, ₹18.9 was left as profit.
Return on equitycalculated
10.1%
For every ₹100 of the owners' money, the company made ₹10.1 of profit in the year.
Debt to equitycalculated
3.12×
The company has borrowed ₹3.12 for every ₹1 of its owners' money.
Lenders and finance companies normally borrow far more than other businesses.
- Indicative price
- ₹83.16
- Market valuecalculated
- ₹71 Cr
- price × shares
- No. of shares
- 85,05,150
- EPS
- ₹16.46
- Book value per share
- ₹164.04
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Manipal Housing Finance Syndicate Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY26: ₹55.58 Cr to ₹74.44 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY26: ₹10.81 Cr to ₹14.09 Cr.
| Particulars | FY23 | FY24 | FY25 | FY26Latest |
|---|---|---|---|---|
| Revenue from operations | 55.58 | 54.9 | 62.62 | 74.44▲19% |
| Other income | 1.78 | 3.72 | 2.1 | 2.85▲36% |
| Total income (gross income) | 57.36 | 58.62 | 64.72 | 77.3▲19% |
| Depreciation and amortisation | 0.35 | 0.65 | 0.31 | 0.37▲21% |
| Finance costs | 29.3 | 32.84 | 36.86 | 40.73▲10% |
| Profit before tax | 14.47 | 15.51 | 16.6 | 18.78▲13% |
| Profit after tax | 10.81 | 11.54 | 12.38 | 14.09▲14% |
| Earnings per share (basic) (₹) | 12.61 | 13.47 | 14.45 | 16.46▲14% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: 38th Annual Report 2023-24, 40th Annual Report 2025-26.
Credit rating. ACUITE A-/Stable on bank loans (Rs 400.93 crore) and ACUITE A/Stable on fixed deposits (Rs 80 crore), Acuité, 31 January 2025 (31 January 2025) Acuité press release, 31 January 2025
Ownership
Shareholding pattern
Who owns the company
As of 31 March 2026
34.1%Promoter: MPL Insurance Agency Services Private Ltd, Manipal
- Largest holder
- 34.1%
- Top 3 together
- 51.9%
- Holders named
- 9
- Promoter: MPL Insurance Agency Services Private Ltd, Manipal34.10%
- Promoter: T Narayan M Pai9.27%
- Promoter: ICDS Ltd, Manipal8.57%
- Promoter: Canara Bank (formerly Syndicate Bank)7.05%
- Promoter: Sangeetha Pai3.45%
- Promoter: Pranitha Pai3.33%
- Total74.97%
Read from: 40th Annual Report 2025-26
Leadership
Management
N A Shanbhag
Chairman
T Sunil Pai
Executive Director
Vijayalaxmi N Pai
Non Executive Director
K Gokuldas Pai
Non Executive Independent Director
Raghuveera Shenoy
Non Executive Independent Director
H K Gangadhar
Nominee Director (Canara Bank)
Dr. K K Ammannaya
General Manager
N Ashok
Deputy General Manager
Read from: 40th Annual Report 2025-26
Corporate calendar
Events
- 16 Sept 2026AGM40th annual general meeting at Manipal; equity dividend of 6.5% (₹0.65 a share) for FY2025-26 put to membersOpen
- 12 Sept 2025AGM39th annual general meeting; equity dividend of 6.5% for FY2024-25 recommendedOpen
- 11 Jun 2025Board changeCanara Bank nominee director changed: H K Gangadhar appointed in place of Rama NaikOpen
- 16 Apr 2025RatingCARE keeps the fixed deposit rating at CARE BB+; Stable under 'issuer not cooperating'Open
- 31 Jan 2025RatingAcuité reaffirms ACUITE A-/Stable on bank loans and ACUITE A/Stable on fixed deposits, and rates added limitsOpen
- 2 Sept 2024AGM38th annual general meeting; equity dividend of 6.5% for FY2023-24 recommendedOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Manipal Housing Finance Syndicate Ltd on WhatsAppIs the price shown for Manipal Housing Finance Syndicate Ltd final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Manipal Housing Finance Syndicate Ltd shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Manipal Housing Finance Syndicate Ltd shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Manipal Housing Finance Syndicate Ltd. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.