Medi Assist Healthcare Services Ltd
Incorporated in June 2000, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.[1]
- Market Cap ₹ 3,760 Cr.
- Current Price ₹ 533
- High / Low ₹ 716 / 435
- Stock P/E 74.6
- Book Value ₹ 30.0
- Dividend Yield 0.75 %
- ROCE 24.5 %
- ROE 17.4 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 79.6%
- Debtor days have improved from 121 to 52.1 days.
- Company's working capital requirements have reduced from 141 days to 82.9 days
Cons
- Stock is trading at 17.8 times its book value
- Promoter holding is low: 20.6%
- Company has a low return on equity of 12.4% over last 3 years.
- Earnings include an other income of Rs.27.3 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Insurance Industry: Miscellaneous
Part of BSE SmallCap BSE Financial Services BSE IPO BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|
53 | 62 | 54 | 55 | 64 | 108 | 139 | |
27 | 27 | 42 | 41 | 60 | 71 | 85 | |
Operating Profit | 25 | 35 | 12 | 13 | 3 | 38 | 54 |
OPM % | 48% | 56% | 22% | 25% | 5% | 35% | 39% |
-11 | 25 | 45 | 14 | 22 | -1 | 27 | |
Interest | 0 | 1 | 3 | 0 | 0 | 0 | 3 |
Depreciation | 6 | 10 | 11 | 8 | 6 | 12 | 17 |
Profit before tax | 8 | 49 | 43 | 18 | 19 | 26 | 62 |
Tax % | 49% | 24% | 18% | -2% | 12% | 24% | |
4 | 37 | 35 | 18 | 17 | 19 | 50 | |
EPS in Rs | 1,127.42 | 10,246.54 | 9,413.98 | 2.69 | 2.41 | 2.77 | 7.17 |
Dividend Payout % | 0% | 0% | 0% | 70% | 78% | 90% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 26% |
TTM: | 46% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 62% |
3 Years: | 2% |
TTM: | 74% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 7% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 12% |
Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0.04 | 0.04 | 0.04 | 34 | 34 | 35 | 35 |
Reserves | 79 | 76 | 164 | 133 | 133 | 181 | 176 |
52 | 78 | 6 | 5 | 3 | 1 | 16 | |
61 | 61 | 38 | 23 | 27 | 35 | 162 | |
Total Liabilities | 192 | 215 | 208 | 195 | 198 | 252 | 389 |
21 | 23 | 16 | 10 | 23 | 17 | 82 | |
CWIP | 3 | 1 | 1 | 6 | 0 | 3 | 0 |
Investments | 75 | 88 | 94 | 103 | 95 | 133 | 125 |
94 | 104 | 97 | 76 | 79 | 99 | 182 | |
Total Assets | 192 | 215 | 208 | 195 | 198 | 252 | 389 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
18 | -14 | 24 | -8 | 24 | 40 | |
-21 | -0 | 28 | -4 | 7 | -49 | |
0 | -2 | -3 | -19 | -15 | 0 | |
Net Cash Flow | -2 | -16 | 50 | -32 | 16 | -9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 266 | 59 | 207 | 239 | 73 | 52 |
Inventory Days | ||||||
Days Payable | ||||||
Cash Conversion Cycle | 266 | 59 | 207 | 239 | 73 | 52 |
Working Capital Days | 48 | 54 | 101 | 251 | 88 | 83 |
ROCE % | 34% | 25% | 9% | 11% | 25% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Feb - Newspaper Advertisement - Unaudited financial results for the quarter and nine months ended December 31, 2024
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Feb - Newspaper Advertisement - Unaudited financial results for the quarter and nine months ended December 31, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Feb - Audio link of investor conference call available.
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Integrated Filing (Financial)
5 Feb - Integrated filing of financials for Q3 2024.
Annual reports
Concalls
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Nov 2024TranscriptNotesPPT
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Sep 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT
Business Profile[1] Company provides third-party administration (TPA) services to insurance companies through its wholly-owned Subsidiaries, Medi Assist TPA, Medvantage TPA, and Raksha TPA. A third-party administrator is an organization that processes health insurance claims for insurance companies and provides services such as policy administration, customer service, and network management, among others.