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

₹ 596 1.31%
04 Dec 2:02 p.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 ₹ 4,201 Cr.
  • Current Price ₹ 596
  • High / Low ₹ 716 / 430
  • Stock P/E 81.1
  • Book Value ₹ 30.0
  • Dividend Yield 0.67 %
  • ROCE 24.5 %
  • ROE 17.4 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 79.6%
  • Debtor days have improved from 121 to 52.1 days.
  • Company's working capital requirements have reduced from 141 days to 82.9 days

Cons

  • Stock is trading at 19.7 times its book value
  • Promoter holding has decreased over last quarter: -18.2%
  • Promoter holding is low: 20.6%
  • Company has a low return on equity of 12.4% over last 3 years.
  • Earnings include an other income of Rs.26.0 Cr.

* 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

Part of BSE SmallCap BSE IPO 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
16 18 23 28 27 31 34 39
16 18 18 18 19 16 20 22
Operating Profit 0 -0 5 10 8 15 15 17
OPM % 0% -0% 22% 35% 29% 48% 42% 44%
0 20 1 -22 0 20 2 3
Interest 0 0 0 0 0 -0 1 1
Depreciation 1 2 2 4 2 3 4 5
Profit before tax -1 19 4 -16 6 32 11 15
Tax % 3% 11% -13% 9% 16% 13% 23% 32%
-1 17 4 -17 5 28 9 10
EPS in Rs -0.13 2.41 0.58 -2.54 0.73 3.98 1.23 1.44
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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 TTM
53 62 54 55 64 108 131
27 27 42 41 60 71 77
Operating Profit 25 35 12 13 3 38 55
OPM % 48% 56% 22% 25% 5% 35% 42%
-11 25 45 14 22 -1 26
Interest 0 1 3 0 0 0 2
Depreciation 6 10 11 8 6 12 15
Profit before tax 8 49 43 18 19 26 64
Tax % 49% 24% 18% -2% 12% 24%
4 37 35 18 17 19 52
EPS in Rs 1,127.42 10,246.54 9,413.98 2.69 2.41 2.77 7.38
Dividend Payout % 0% 0% 0% 70% 78% 90%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 26%
TTM: 56%
Compounded Profit Growth
10 Years: %
5 Years: 62%
3 Years: 2%
TTM: 125%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 12%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.04 0.04 0.04 34 34 35 35
Reserves 79 76 164 133 133 181 176
52 78 6 5 3 1 16
61 61 38 23 27 35 162
Total Liabilities 192 215 208 195 198 252 389
21 23 16 10 23 17 82
CWIP 3 1 1 6 0 3 0
Investments 75 88 94 103 95 133 125
94 104 97 76 79 99 182
Total Assets 192 215 208 195 198 252 389

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 83
ROCE % 34% 25% 9% 11% 25%

Shareholding Pattern

Numbers in percentages

10 Recently
Mar 2024Jun 2024Sep 2024
38.91% 38.85% 20.60%
9.67% 9.76% 16.25%
30.60% 29.18% 41.33%
20.80% 22.21% 21.83%
No. of Shareholders 92,83378,44588,203

* 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

Announcements

Annual reports

Concalls