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 ₹ 2,330 Cr.
- Current Price ₹ 312
- High / Low ₹ 594 / 295
- Stock P/E 37.8
- Book Value ₹ 77.8
- Dividend Yield 0.00 %
- ROCE 18.7 %
- ROE 17.4 %
- Face Value ₹ 5.00
Pros
Cons
- Promoter holding is low: 4.62%
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 277 | 319 | 323 | 394 | 505 | 635 | 723 | 852 | |
| 194 | 237 | 247 | 302 | 385 | 501 | 569 | 685 | |
| Operating Profit | 82 | 82 | 76 | 92 | 120 | 133 | 154 | 167 |
| OPM % | 30% | 26% | 23% | 23% | 24% | 21% | 21% | 20% |
| -14 | 7 | 11 | 21 | 12 | -5 | 24 | 11 | |
| Interest | 4 | 4 | 6 | 3 | 3 | 3 | 10 | 25 |
| Depreciation | 23 | 27 | 32 | 28 | 27 | 43 | 56 | 70 |
| Profit before tax | 41 | 59 | 49 | 81 | 102 | 82 | 112 | 82 |
| Tax % | 37% | 41% | 47% | 21% | 28% | 16% | 18% | |
| 26 | 35 | 26 | 64 | 74 | 69 | 92 | 56 | |
| EPS in Rs | 7,254.85 | 9,576.18 | 7,064.52 | 9.33 | 10.76 | 9.53 | 12.89 | 7.92 |
| Dividend Payout % | -0% | -0% | -0% | 20% | 18% | 26% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 22% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 12% |
| TTM: | -35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 218 | 212 | 290 | 303 | 342 | 437 | 506 | 544 |
| 98 | 115 | 35 | 27 | 31 | 26 | 204 | 305 | |
| 202 | 231 | 220 | 238 | 295 | 344 | 412 | 536 | |
| Total Liabilities | 518 | 558 | 545 | 602 | 702 | 842 | 1,158 | 1,420 |
| 142 | 138 | 119 | 99 | 171 | 246 | 306 | 679 | |
| CWIP | 3 | 1 | 1 | 6 | -0 | 3 | 4 | -0 |
| Investments | 88 | 72 | 111 | 201 | 44 | 77 | 274 | 91 |
| 285 | 347 | 315 | 296 | 487 | 516 | 574 | 650 | |
| Total Assets | 518 | 558 | 545 | 602 | 702 | 842 | 1,158 | 1,420 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 35 | 19 | 139 | 64 | 81 | 66 | 138 | |
| -21 | -22 | -61 | -83 | -10 | -55 | -218 | |
| -10 | -12 | -10 | -30 | -32 | -15 | 112 | |
| Net Cash Flow | 4 | -15 | 69 | -49 | 39 | -3 | 32 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 119 | 78 | 137 | 110 | 92 | 103 | 112 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 119 | 78 | 137 | 110 | 92 | 103 | 112 |
| Working Capital Days | -80 | -103 | -73 | -59 | -66 | -43 | -105 |
| ROCE % | 20% | 19% | 23% | 26% | 23% | 19% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Group Premium Under Management INR Cr |
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| Network Hospital Tie-ups count |
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| Total Premium Under Management (PUM) INR Cr |
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| Group Account Retention Rate % |
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| Group Segment Market Share % |
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| Number of Claims Processed (IP+OP) Lakhs |
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| Number of Corporate Clients count |
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| Total Health Insurance Market Share (Premium Administered) % |
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| Fraud Waste & Abuse (FWA) Savings INR Cr |
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| Revenue per Average Headcount (Non-Govt) INR Lakhs |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
12 Mar - Care Ratings reaffirmed MAITPA ratings: ₹152cr LT, ₹114cr LT/ST (enhanced); press release March 11, 2026.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
12 Mar - Wasatch sold 57,799 Medi Assist shares (0.078%), holding now 3.781% as of March 10, 2026.
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
3 Mar - Medi Assist TPA paid INR 4.83 Crore after GST search (Feb 16–Mar 2, 2026) to avoid penalties.
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Press Release
27 Feb - Medi Assist partners with LawtonAsia to deploy AI health-insurance platform in Thailand; implementation started, go‑live expected in coming weeks.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
26 Feb - Allotment of equity shares pursuant to exercise of ESOP
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Nov 2024TranscriptAI SummaryPPT
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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.