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

₹ 322 1.42%
02 Apr - close price
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 ₹ 2,399 Cr.
  • Current Price ₹ 322
  • High / Low ₹ 594 / 293
  • Stock P/E 49.7
  • Book Value ₹ 35.1
  • Dividend Yield 0.00 %
  • ROCE 20.0 %
  • ROE 14.3 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 65.7 days to 39.9 days

Cons

  • Stock is trading at 9.17 times its book value
  • Promoter holding is low: 4.62%
  • Company has a low return on equity of 14.0% 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

Financial Services Financial Services Insurance Insurance Distributors

Part of BSE Allcap BSE Financial Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
16 18 23 28 27 31 34 39 34 43 44 61 57
16 18 18 18 19 16 20 22 27 22 29 36 40
Operating Profit 0 -0 5 10 8 15 15 17 7 20 14 25 18
OPM % 0% -0% 22% 35% 29% 48% 42% 44% 21% 47% 33% 41% 31%
0 20 1 -22 0 20 2 3 2 1 2 3 4
Interest 0 0 0 0 0 -0 1 1 1 1 1 0 1
Depreciation 1 2 2 4 2 3 4 5 5 5 5 5 5
Profit before tax -1 19 4 -16 6 32 11 15 4 15 11 23 16
Tax % 3% 11% -13% 9% 16% 13% 23% 32% -1% 27% 26% 23% 25%
-1 17 4 -17 5 28 9 10 4 11 8 18 12
EPS in Rs -0.13 2.41 0.58 -2.54 0.73 3.98 1.23 1.44 0.52 1.52 1.14 2.50 1.59
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
53 62 54 55 64 108 151 204
27 27 42 41 60 71 91 127
Operating Profit 25 35 12 13 3 38 59 77
OPM % 48% 56% 22% 25% 5% 35% 39% 38%
-11 25 45 14 22 -1 8 10
Interest 0 1 3 0 0 0 4 3
Depreciation 6 10 11 8 6 12 19 20
Profit before tax 8 49 43 18 19 26 45 64
Tax % 49% 24% 18% -2% 12% 24% 25%
4 37 35 18 17 19 33 48
EPS in Rs 1,127.42 10,246.54 9,413.98 2.69 2.41 2.77 4.71 6.75
Dividend Payout % 0% 0% 0% 70% 78% 90% 0%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 40%
TTM: 47%
Compounded Profit Growth
10 Years: %
5 Years: -3%
3 Years: 26%
TTM: -4%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -31%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 14%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.04 0.04 0.04 34 34 35 35 35
Reserves 79 76 164 133 133 181 194 226
52 78 6 5 3 1 15 13
61 61 38 23 27 35 86 67
Total Liabilities 192 215 208 195 198 252 331 342
21 23 16 10 23 17 64 70
CWIP 3 1 1 6 0 3 4 0
Investments 75 88 94 103 95 133 120 83
94 104 97 76 79 99 143 188
Total Assets 192 215 208 195 198 252 331 342

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
18 -14 24 -8 24 40 63
-21 -0 28 -4 7 -49 -49
0 -2 -3 -19 -15 0 -12
Net Cash Flow -2 -16 50 -32 16 -9 2
Free Cash Flow 3 -24 21 -7 10 32 29
CFO/OP 136% -7% 44% -3% 882% 119% 119%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 266 59 207 239 73 52 58
Inventory Days
Days Payable
Cash Conversion Cycle 266 59 207 239 73 52 58
Working Capital Days -315 -378 91 240 77 80 40
ROCE % 34% 25% 9% 11% 25% 20%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025
Group Premium Under Management
INR Cr

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Network Hospital Tie-ups
count
Total Premium Under Management (PUM)
INR Cr
Group Account Retention Rate
%
Group Segment Market Share
%
Number of Claims Processed (IP+OP)
Lakhs
Number of Corporate Clients
count
Total Health Insurance Market Share (Premium Administered)
%
Fraud Waste & Abuse (FWA) Savings
INR Cr
Revenue per Average Headcount (Non-Govt)
INR Lakhs

Shareholding Pattern

Numbers in percentages

Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
38.91% 38.85% 20.60% 20.56% 20.56% 20.55% 4.87% 4.62%
9.67% 9.76% 16.25% 14.04% 13.26% 13.89% 23.00% 25.27%
30.60% 29.18% 41.33% 42.72% 42.91% 42.30% 48.90% 49.91%
20.80% 22.21% 21.83% 22.68% 23.25% 23.27% 23.24% 20.19%
No. of Shareholders 92,83378,44588,20395,87199,9841,02,99198,80593,181

* 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.

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Documents

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Credit ratings

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