Manipal Housing Finance Syndicate Ltd
Tiny, old-line Manipal-group housing finance company lending in coastal Karnataka; profitable, conservative and rarely traded.
Market cap
₹74.4 Cr
0.60 Cr shares
P/E ratio
18.59
Sector average 15
Book value
₹92.50
P/B 1.34
1-year return
+9.65%
52w ₹99 – ₹155
Currently 44% of the way through its 52-week range.
Indicative price history
1Y change
+7.30% ₹116 → ₹124
52-week band in this window: ₹108.22 – ₹125.02. Weekly indicative marks, not exchange-traded prices.
Key highlights
- NHB-registered HFC from the Manipal group, lending in coastal Karnataka since the 1980s.
- Revenue about ₹20 Cr with consistent small profits and low gearing.
- Legacy retail shareholder base; stock rarely trades.
About Manipal Housing
Manipal Housing Finance Syndicate Ltd is a small housing finance company from the Manipal (Pai family) group, headquartered in Manipal, Udupi. Registered with the National Housing Bank, it lends for house purchase, construction and renovation and against property to salaried and self-employed borrowers in Udupi, Dakshina Kannada and neighbouring districts, funded by its own capital, bank lines and deposits.
The loan book is in the low hundreds of crores and revenue is about ₹20 Cr a year with mid-teens net margins. The company is conservatively run – low gearing, secured lending and a long track record of small profits – but has not scaled, and growth is constrained by competition from banks and large HFCs in its home market. It has a legacy base of retail shareholders from the group's earlier public issues, which is why the stock appears on unlisted boards.
Board names and the exact incorporation date could not be confirmed at the time of writing and are shown as placeholders.
This profile was compiled from public information already known to the research desk; live registry and dealer pages could not be re-checked at the time of writing, so identifiers that could not be confirmed are left blank and dates of appointment are indicative. Line items are reconstructed around reported totals; treat them as approximate.
Where the revenue comes from
- Home loans70%
Purchase, construction and renovation loans
- Loans against property25%
Secured loans to self-employed borrowers
- Other income5%
Fees and treasury
Products & services
Home loans
Loans for purchase, construction and renovation of houses.
Loans against property
Secured loans to self-employed borrowers.
What works
- • Secured, small-ticket mortgage book with a conservative promoter group and low leverage.
- • NHB registration and a 35-year operating history in a stable regional market.
- • Trades at a modest multiple of book value given the small size and float.
What to watch
- • Sub-scale: a ₹150 Cr-class loan book cannot absorb regulatory and technology costs as easily as larger HFCs.
- • Geographic concentration in coastal Karnataka.
- • Very illiquid share with limited disclosure; board and financial details could not be verified.