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

₹ 586 -0.12%
03 Dec - 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 ₹ 4,126 Cr.
  • Current Price ₹ 586
  • High / Low ₹ 716 / 430
  • Stock P/E 48.1
  • Book Value ₹ 69.4
  • Dividend Yield 0.68 %
  • ROCE 23.2 %
  • ROE 18.9 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 20.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.3%

Cons

  • Stock is trading at 8.44 times its book value
  • Promoter holding has decreased over last quarter: -18.2%
  • Promoter holding is low: 20.6%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
125 136 141 166 167 168 181
95 105 118 132 130 132 142
Operating Profit 31 31 22 34 37 35 38
OPM % 24% 23% 16% 20% 22% 21% 21%
6 2 5 4 4 5 6
Interest 1 1 1 1 1 2 2
Depreciation 6 8 8 11 12 14 14
Profit before tax 30 23 18 26 28 25 30
Tax % 28% 32% 3% 17% 9% 24% 29%
22 16 18 21 26 19 21
EPS in Rs 3.13 2.30 2.58 2.98 3.58 2.68 2.99
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
277 319 323 394 505 635 681
194 237 247 302 385 501 537
Operating Profit 82 82 76 92 120 133 145
OPM % 30% 26% 23% 23% 24% 21% 21%
-14 7 11 21 12 -5 19
Interest 4 4 6 3 3 3 5
Depreciation 23 27 32 28 27 43 51
Profit before tax 41 59 49 81 102 82 108
Tax % 37% 41% 47% 21% 28% 16%
26 35 26 64 74 69 87
EPS in Rs 7,254.85 9,576.18 7,064.52 9.33 10.76 9.53 12.23
Dividend Payout % 0% 0% 0% 20% 18% 26%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 25%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 50%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 19%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 218 212 290 303 342 437 453
98 115 35 27 31 26 59
202 231 220 238 295 344 521
Total Liabilities 518 558 545 602 702 842 1,069
142 138 119 99 171 246 323
CWIP 3 1 1 6 0 3 0
Investments 88 72 111 201 44 77 92
285 347 315 296 487 516 653
Total Assets 518 558 545 602 702 842 1,069

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 -37
ROCE % 20% 19% 23% 26% 23%

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