Medi Assist Healthcare Services Ltd

Medi Assist Healthcare Services Ltd

₹ 553 -2.04%
12 Jul - close price
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.

  • Market Cap 3,888 Cr.
  • Current Price 553
  • High / Low 605 / 430
  • Stock P/E 46.1
  • Book Value 67.2
  • Dividend Yield 0.00 %
  • ROCE 23.5 %
  • ROE 19.9 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 21.4% CAGR over last 5 years

Cons

  • Stock is trading at 8.23 times its book value

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Dec 2023 Mar 2024
125 136 166 167
95 105 132 130
Operating Profit 31 31 34 37
OPM % 24% 23% 20% 22%
6 2 4 4
Interest 1 1 1 1
Depreciation 6 8 11 12
Profit before tax 30 23 26 28
Tax % 28% 32% 17% 9%
22 16 21 26
EPS in Rs 3.13 2.30 2.98 3.58
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
277 319 323 394 505 635
194 237 247 302 385 501
Operating Profit 82 82 76 92 120 133
OPM % 30% 26% 23% 23% 24% 21%
-14 7 11 21 12 -5
Interest 4 4 6 3 3 3
Depreciation 23 27 32 28 27 43
Profit before tax 41 59 49 81 102 82
Tax % 37% 41% 47% 21% 28% 16%
26 35 26 64 74 69
EPS in Rs 7,254.85 9,576.18 7,064.52 9.33 10.76 9.53
Dividend Payout % 0% 0% 0% 20% 18% 0%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 25%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 52%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 20%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 0 34 34 35
Reserves 218 212 290 303 342 437
98 115 35 27 31 26
202 231 220 238 295 352
Total Liabilities 518 558 545 602 702 851
142 138 119 99 171 249
CWIP 3 1 1 6 0 0
Investments 88 72 111 201 44 77
285 347 315 296 487 524
Total Assets 518 558 545 602 702 851

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
35 19 139 64 81 66
-21 -22 -61 -83 -10 -55
-10 -12 -10 -30 -32 -15
Net Cash Flow 4 -15 69 -49 39 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 119 78 137 110 92 103
Inventory Days
Days Payable
Cash Conversion Cycle 119 78 137 110 92 103
Working Capital Days -2 -11 -62 -50 -57 3
ROCE % 20% 19% 23% 26% 24%

Shareholding Pattern

Numbers in percentages

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