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Medi Assist Healthcare Services Ltd (MEDIASSIST)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544088 NSE: MEDIASSIST Business Support | Small Cap | Medi Assist Health Share Price

₹358.85 -6.70 (-1.83%)

As on 04-Jun'26 16:59

Medi Assist Healthcare Services Ltd (MEDIASSIST)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544088 NSE: MEDIASSIST Business Support | Small Cap | Medi Assist Health Share Price

₹358.85 -6.70 (-1.83%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,681 Cr.
Current Price
₹358.9
52-Week Low / High
₹293 / 594
TTM EPS
₹11.8
TTM Sales
₹905 Cr.
Book Value per Share
₹112.3
P/E Ratio
30.50
Lower than its 5-year historical median
Industry PE
23
Price to Book (P/B)
3.20
Lower than its 5-year historical median
Price to Sales (P/S)
2.96
Lower than its 5-year historical median
EV/EBITDA
13.44
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
18.38%
Outperforms industry median
Return on Capital Employed (ROCE)
20.99%
Outperforms industry median
Return on Assets (ROA)
6.90%
Operating Profit Margin
20.9%
Net Profit Margin
12.66%
Gross Profit Margin
23.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
13.96%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
20.17%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
28.47%
Asset Quality
Promoter Holding
4.61%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹802 Cr.
Equity
₹37.4 Cr.
Face Value
₹5
All Time Low / High
₹293.40 / 715.00

Medi Assist Healthcare Services stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Medi Assist Healthcare Services Ltd a good quality company?
Medi Assist Healthcare Services Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Medi Assist Healthcare Services Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Medi Assist Healthcare Services Ltd vs industry peers?
Medi Assist Healthcare Services Ltd revenue CAGR is 17.82%, compared to the industry median CAGR of 0.35%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Medi Assist Healthcare Services Ltd?
Promoters hold 4.61% of the Medi Assist Healthcare Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Medi Assist Healthcare Services Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -24.27% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Medi Assist Healthcare Services Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%24.5%16.5%22.8%23.3%26.7%29.9%20.6%21%-
Value Creation
Index
NANA0.80.20.60.70.91.10.50.5-

Growth Parameters

Sales 00341406319323394505635723905
Sales YoY Gr.-NANA18.9%-21.5%1.3%22%28.2%25.7%14%-
Adj EPS 006.15558.211121311.8
YoY Gr.-NANA-18%1%-0.8%64.5%34.1%8.6%8.5%-
BVPS (₹) 0030.531.930.941.647.853.16675.7112.3
Adj Net
Profit
0039.133.333.634.456.675.883.991.588
Cash Flow from Ops. 0040.23516.813964.581.166.4138-
Debt/CF from Ops. 001.31.54.300001.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA17.8%22.5%14%
Adj EPS NA20.9%16.5%8.5%
BVPSNA19.6%16.5%14.7%
Share Price - - - -27.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0019.115.815.713.71821.219.818.112.5
Op. Profit
Mgn %
0020.818.624.422.820.923.82120.919.3
Net Profit
Mgn %
0011.48.211.510.514.41513.612.79.7
Debt to
Equity
000.30.30.400000.30
Working Cap
Days
000231329330232178177352114
Cash Conv.
Cycle
000-2637886751527312

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales341406319323394505635723
Operating Expenses + 270331241249312386509573
Manufacturing Costs2329333558657570
Material Costs00000000
Employee Cost 109136135143156198255306
Other Costs 138166737199123180197
Operating Profit 7175787381119125150
Operating Profit Margin (%) 20.8%18.5%24.4%22.8%20.7%23.6%19.7%20.8%
Other Income + 114122528142627
Exceptional Items 0-110030-210
Interest 444633310
Depreciation 1925263228274356
Profit Before Tax 593959618110484112
Tax 1913212317281320
Profit After Tax 4026383863757192
PAT Margin (%) 11.9%6.5%12.0%11.8%16.1%14.9%11.2%12.7%
Adjusted EPS (₹)6.23.94.63.99.310.89.512.9
Dividend Payout Ratio (%)0%0%0%0.10%20.30%17.60%42%0%

Valuation of Medi Assist Health - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 197212206285329365463534
Share Capital 000034343535
Reserves 197212206285295331428498
Debt +5252720000147
Long Term Debt000000013
Short Term Debt5252720000133
Minority Interest3222271011
Trade Payables4966393329364331
Others Liabilities 178184236304232288633786
Total Liabilities 4805165556245936971,1481,508

Fixed Assets

Net Fixed Assets +13214213811999171246306
Gross Block176211218231237319437533
Accumulated Depreciation446980112138147191227
CWIP 03116034
Investments 9188721112014477274
Inventories00000000
Trade Receivables9890144121119127179221
Cash Equivalents 12143911563212164185
Others Assets 147179162158105142479518
Total Assets 4805165556245936971,1481,508

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 403517139648166138
PBT 604154468210282112
Adjustment 1427234520235752
Changes in Working Capital -1211-27166-5-45-27
Tax Paid -22-45-3332-43-39-272
Cash Flow From Investing Activity + -42-21-21-61-83-10-55-218
Capex -19-21-20-12-3-28-18-46
Net Investments -24-1-3-55-834162-186
Others 21263-24-9914
Cash Flow From Financing Activity + -7-10-12-10-30-32-15112
Net Proceeds from Shares 000000158
Net Proceeds from Borrowing 00000000
Interest Paid -0-0-0-1-0-0-1-3
Dividend Paid 0000-17-13-13-28
Others -7-10-11-9-13-18-16135
Net Cash Flow -94-1669-4939-332

Financial Ratio

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)20.4812.7818.2515.4920.6721.6817.2118.38
ROCE (%)24.4516.5222.8223.2726.6629.8720.6420.99
Asset Turnover Ratio0.710.820.590.550.650.780.690.54
PAT to CFO Conversion(x)11.350.453.661.021.080.931.5
Working Capital Days
Receivable Days104.4084.40134149.70111.2088.9087.90100.90
Inventory Days00000000
Payable Days00000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Medi Assist Healthcare Services Ltd FAQs

The current trading price of Medi Assist Health on 04-Jun-2026 16:59 is ₹358.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Medi Assist Health stood at ₹2,680.7 Cr

The latest P/E ratio of Medi Assist Health as of 03-Jun-2026 is 51.57.

The latest P/B ratio of Medi Assist Health as of 03-Jun-2026 is 5.48.

The 52-week high of Medi Assist Health is ₹594.4 and the 52-week low is ₹293.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Medi Assist Health is ₹225 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Medi Assist Healthcare Services Ltd is a good quality company.

The key valuation ratios of Medi Assist Healthcare Services Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Medi Assist Healthcare Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Medi Assist Healthcare Services Ltd

The Company was incorporated on June 7, 2000 as a private limited company under the Companies Act 1956, with the name “Net Logistics Private Limited” and a certificate of incorporation granted by the Registrar of Companies, Karnataka at Bengaluru. Subsequently, the name of the Company was changed to “Medi Assist Healthcare Services Private Limited” with a fresh certificate of incorporation granted by the Registrar of Companies, Karnataka at Bengaluru on November 21, 2012. Pursuant to the conversion of the Company to a public limited company and as approved by the shareholders of the Company pursuant to a special resolution dated February 27, 2018, the name of the Company was changed to “Medi Assist Healthcare Services Limited” and the Registrar of Companies, Karnataka at Bengaluru issued a fresh certificate of incorporation on March 20, 2018.

Medi Assist Healthcare Services provides third party administration services to insurance companies through its wholly wned Subsidiaries, Medi Assist TPA, Medvantage TPA (from February 13, 2023) and Raksha TPA (from August 25, 2023). 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. As a third party administrator, the company acts as a facilitator between (a) insurance companies and their policy holders, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company also facilitates other healthcare and ancillary services such as hospitalization services, call centre services, customer relations and contract management services, billing services and claims processing services through the company and its other Subsidiaries, IHMS, Mayfair India, Mayfair UK, Mayfair Group Holding, Mayfair Philippines and Mayfair Singapore. 

The company’s technology-driven infrastructure and services are custom-built, and assist various stakeholders such as insurance companies, hospitals, insurance brokers and insurance agents in their operations, and are scalable, comprehensive, easy to use and secure. This enables it to offer a comprehensive healthcare solution to its customers, encompassing an extensive in-patient and out-patient network, on-demand health services, robust management of fraud, waste, and abuse, as well as effective medical inflation control. 

Business area of the company

The company is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies. 

Awards and Accreditations

  • 2014: Awarded the ‘Red Herring Top 100 Asia 2014 Award’ for innovative use of technology in the healthcare services industry.
  • 2015: Recognition from the Maharashtra Rajya Police Mukhyalaya for servicing the Maharashtra Police Kutumb Arogya Yojana.
  • 2016: Awarded the ‘Skoch Order of Merit’ for qualifying amongst top 100 projects in India for cloud, mobility and apps by the Skoch Group.
  • 2016: Awarded the ‘Skoch Award - Silver’ for cloud, mobility and apps by the Skoch Group
  • 2018: Certificate of appreciation for organising a voluntary blood donation camp by the Lions Blood Bank.
  • 2019: Awarded the ‘Top Organizations with Innovative HR Practices’ by the Asia Pacific HRM Congress.
  • 2020: Silver Level - Healthy Workplace Award 2020 by Arogya World India Trust.
  • 2022: Awarded ‘Best Organisations for Women, 2022’ by the Economic Times.

Major events and milestones

  • 2000: Incorporation of the company.
  • 2002: Registration of Medi Assist TPA as a third party administrator with IRDAI.
  • 2010: Medimatter Health acquired stake in the Company from Reliance Capital Limited and Medybiz Private Limited.
  • 2011: Investment by Bessemer Health in the Company.
  • 2011: Acquisition of 100% of the paid up equity share capital of Medi Assist TPA by the company.
  • 2013: Investment by Investcorp Private Equity Fund I.
  • 2016: Medi Assist TPA acquired DHS.
  • 2018: MSPL amalgamated its business and operations in the Company.
  • 2018 Medi Assist TPA acquired Medicare Insurance TPA Services (India) Private Limited on a slump sale basis.
  • 2019: Demerger of the consumer facing health and wellness division of the Company into Mandala.
  • 2022: Acquisition of IHMS by the Company.
  • 2022: Acquisition of Mayfair India by the Company.
  • 2022: Acquisition of Mayfair UK by the Company 2023.
  • 2022: Acquisition of Medvantage TPA by Medi Assist TPA.
  • 2023: Acquisition of Raksha TPA by Medi Assist TPA. 
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