BSE: 544088 | NSE: MEDIASSIST | Business Support | Small Cap
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 24.5% | 16.5% | 22.8% | 23.3% | 26.7% | 29.9% | 20.6% | - |
| Value Creation Index ⓘ | NA | NA | NA | 0.8 | 0.2 | 0.6 | 0.7 | 0.9 | 1.1 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 341 | 406 | 319 | 323 | 394 | 505 | 635 | 681 |
| Sales YoY Gr. | - | NA | NA | NA | 18.9% | -21.5% | 1.3% | 22% | 28.2% | 25.7% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 6.1 | 5 | 5 | 5 | 8.2 | 11 | 12 | 12.1 |
| YoY Gr. | - | NA | NA | NA | -18% | 1% | -0.8% | 64.5% | 34.1% | 8.6% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 30.5 | 31.9 | 30.9 | 41.6 | 47.8 | 53.1 | 66 | 69.3 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 39.1 | 33.3 | 33.6 | 34.4 | 56.6 | 75.8 | 83.9 | 85 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 40.2 | 35 | 16.8 | 139 | 64.5 | 81.1 | 66.4 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 1.3 | 1.5 | 4.3 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 9.4% | 25.3% | 25.7% | ||||
| Adj EPS ⓘ | NA | 19.2% | 33.8% | 8.6% | ||||
| BVPSⓘ | NA | 15.7% | 16.7% | 24.3% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 19.1 | 15.8 | 15.7 | 13.7 | 18 | 21.2 | 19.8 | 17.9 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 20.8 | 18.6 | 24.4 | 22.8 | 20.9 | 23.8 | 21 | 21.2 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 11.4 | 8.2 | 11.5 | 10.5 | 14.4 | 15 | 13.6 | 12.5 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0.3 | 0.3 | 0.4 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 231 | 329 | 330 | 232 | 178 | 177 | 142 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | -26 | 37 | 88 | 67 | 51 | 52 | 41 |
Sales growth is growing at healthy rate in last 3 years 25.29%
Net Profit is growing at healthy rate in last 3 years 33.83%
Sales growth is good in last 4 quarters at 21.55%
Return on Equity has declined versus last 3 years average to 17.90%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.3 | 12.1 |
| TTM Sales (₹ Cr.) | 131 | 681 |
| BVPS (₹.) ⓘ | 30 | 69.3 |
| Reserves (₹ Cr.) ⓘ | 193 | 453 |
| P/BV ⓘ | 19.94 | 8.63 |
| PE ⓘ | 81.38 | 49.31 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 430.15 / 715.00 |
| All Time Low / High (₹) | 430.15 / 715.00 |
| Market Cap (₹ Cr.) | 4,214 |
| Equity (₹ Cr.) | 35.3 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 53.6 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Sales | 341 | 406 | 319 | 323 | 394 | 505 | 635 |
| Operating Expenses ⓘ | 270 | 331 | 241 | 249 | 312 | 386 | 501 |
| Manufacturing Costs | 23 | 29 | 33 | 35 | 58 | 65 | 75 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 109 | 136 | 135 | 143 | 156 | 198 | 254 |
| Other Costs ⓘ | 138 | 166 | 73 | 71 | 99 | 123 | 172 |
| Operating Profit ⓘ | 71 | 75 | 78 | 73 | 81 | 119 | 133 |
| Operating Profit Margin (%) | 20.8% | 18.5% | 24.4% | 22.8% | 20.7% | 23.6% | 21.0% |
| Other Income ⓘ | 11 | 4 | 12 | 25 | 28 | 14 | 18 |
| Interest ⓘ | 4 | 4 | 4 | 6 | 3 | 3 | 3 |
| Depreciation ⓘ | 19 | 25 | 26 | 32 | 28 | 27 | 43 |
| Exceptional Items ⓘ | 0 | -11 | 0 | 0 | 3 | 0 | -21 |
| Profit Before Tax ⓘ | 59 | 39 | 59 | 61 | 81 | 104 | 84 |
| Tax ⓘ | 19 | 13 | 21 | 23 | 17 | 28 | 13 |
| Profit After Tax | 40 | 26 | 38 | 38 | 63 | 75 | 71 |
| PAT Margin (%) | 11.8% | 6.4% | 12.0% | 11.8% | 16.1% | 14.9% | 11.2% |
| Adjusted EPS (₹) | 6.2 | 3.9 | 4.6 | 3.9 | 9.3 | 10.8 | 9.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 20% | 18% | 42% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 197 | 212 | 206 | 285 | 329 | 365 | 463 | |||
| Share Capital ⓘ | 0 | 0 | 0 | 0 | 34 | 34 | 35 | |||
| Reserves ⓘ | 197 | 212 | 206 | 285 | 295 | 331 | 428 | |||
| Minority Interest | 3 | 2 | 2 | 2 | 2 | 7 | 10 | |||
| Debt | 52 | 52 | 72 | 0 | 0 | 0 | 0 | |||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Short Term Debt | 52 | 52 | 72 | 0 | 0 | 0 | 0 | |||
| Trade Payables | 49 | 66 | 39 | 33 | 29 | 36 | 43 | |||
| Others Liabilities ⓘ | 178 | 184 | 236 | 304 | 232 | 288 | 321 | |||
| Total Liabilities ⓘ | 480 | 516 | 555 | 624 | 593 | 697 | 836 | |||
Fixed Assets | ||||||||||
| Gross Block | 176 | 211 | 218 | 231 | 237 | 319 | 437 | |||
| Accumulated Depreciation | 44 | 69 | 80 | 112 | 138 | 147 | 191 | |||
| Net Fixed Assetsⓘ | 132 | 142 | 138 | 119 | 99 | 171 | 246 | |||
| CWIP ⓘ | 0 | 3 | 1 | 1 | 6 | 0 | 3 | |||
| Investmentsⓘ | 91 | 88 | 72 | 111 | 201 | 44 | 77 | |||
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Trade Receivables | 98 | 90 | 144 | 121 | 119 | 127 | 179 | |||
Cash Equivalents  ⓘ
| 12 | 14 | 39 | 115 | 63 | 212 | 164 | |||
| Others Assetsⓘ | 147 | 179 | 162 | 158 | 105 | 142 | 168 | |||
| Total Assets ⓘ | 480 | 516 | 555 | 624 | 593 | 697 | 836 | |||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 40 | 35 | 17 | 139 | 64 | 81 | 66 |
| PBT ⓘ | 60 | 41 | 54 | 46 | 82 | 102 | 82 |
| Adjustment ⓘ | 14 | 27 | 23 | 45 | 20 | 23 | 57 |
| Changes in Working Capital ⓘ | -12 | 11 | -27 | 16 | 6 | -5 | -45 |
| Tax Paid ⓘ | -22 | -45 | -33 | 32 | -43 | -39 | -27 |
| Cash Flow From Investing Activity ⓘ | -42 | -21 | -21 | -61 | -83 | -10 | -55 |
| Capex | -19 | -21 | -20 | -12 | -3 | -28 | -18 |
| Net Investments | -24 | -1 | -3 | -55 | -83 | 41 | 62 |
| Others ⓘ | 2 | 1 | 2 | 6 | 3 | -24 | -99 |
| Cash Flow From Financing Activityⓘ | -7 | -10 | -12 | -10 | -30 | -32 | -15 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 15 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | -1 | 0 | 0 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | -17 | -13 | -13 |
| Others ⓘ | -7 | -10 | -11 | -9 | -13 | -18 | -16 |
| Net Cash Flow ⓘ | -9 | 4 | -16 | 69 | -49 | 39 | -3 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 20.48 | 12.78 | 18.25 | 15.49 | 20.67 | 21.68 | 17.21 | |||
| ROCE (%) | 24.45 | 16.52 | 22.82 | 23.27 | 26.66 | 29.87 | 20.64 | |||
| Asset Turnover Ratio | 0.71 | 0.82 | 0.59 | 0.55 | 0.65 | 0.78 | 0.83 | |||
| PAT to CFO Conversion(x) | 1 | 1.35 | 0.45 | 3.66 | 1.02 | 1.08 | 0.93 | Working Capital Days | ||
| Receivable Days | 104 | 84 | 134 | 150 | 111 | 89 | 88 | |||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
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
Major events and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
