Medi Assist Healthcare Services Ltd

Medi Assist Ser. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Medi Assist Healthcare Services Ltd

₹ 528 7.91%
21 May 10:48 a.m.
mediassist.in BSE: 544088 NSE: MEDIASSIST
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 3,710 Cr.
  • Current Price ₹ 528
  • High / Low ₹ 564 / 430
  • Stock P/E 98.8
  • Book Value ₹ 30.7
  • Dividend Yield 0.00 %
  • ROCE 25.0 %
  • ROE 19.6 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 97.7%
  • Debtor days have improved from 121 to 52.1 days.

Cons

  • Stock is trading at 15.9 times its book value
  • Company has a low return on equity of 13.2% over last 3 years.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024
16 18 28 27 31
16 18 18 19 16
Operating Profit 0 -0 10 8 15
OPM % 0% -0% 35% 29% 48%
0 20 -22 0 20
Interest 0 0 0 0 -0
Depreciation 1 2 4 2 3
Profit before tax -1 19 -16 6 32
Tax % -3% 11% -9% 16% 13%
-1 17 -17 5 28
EPS in Rs -0.13 2.41 -2.54 0.73 3.98
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
53 62 54 55 64 108
27 27 42 41 61 71
Operating Profit 25 35 12 13 3 38
OPM % 48% 56% 22% 25% 5% 35%
-11 25 45 14 22 -1
Interest 0 1 3 0 0 0
Depreciation 6 10 11 8 6 12
Profit before tax 8 49 43 18 19 26
Tax % 49% 24% 18% -2% 12% 24%
4 37 35 18 17 19
EPS in Rs 1,127.42 10,246.54 9,413.98 2.69 2.41 2.77
Dividend Payout % 0% 0% 0% 70% 78% 144%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 26%
TTM: 70%
Compounded Profit Growth
10 Years: %
5 Years: 66%
3 Years: 6%
TTM: 135%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 13%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 0 34 34 35
Reserves 79 76 164 133 133 181
52 78 6 5 3 1
61 61 38 23 27 35
Total Liabilities 192 215 208 195 198 252
21 23 16 10 23 20
CWIP 3 1 1 6 0 0
Investments 75 88 94 103 95 133
94 104 97 76 79 99
Total Assets 192 215 208 195 198 252

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 88 249
ROCE % 34% 25% 9% 11%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2024
38.91%
9.67%
30.60%
20.80%
No. of Shareholders 92,833

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

No data available.

Concalls