Is Medi Assist Healthcare Services a good quality company?

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

Is Medi Assist Healthcare Services undervalued or overvalued?

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 .

What is Medi Assist Healthcare Services share price return in the past 10 years?

Data is not available for this company

Is Medi Assist Healthcare Services a good buy now?

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

What is the P/E ratio of Medi Assist Healthcare Services?

The latest standalone P/E ratio of Medi Assist Healthcare Services as of 22-Nov-2024 is 76.03.

What is the P/B ratio of Medi Assist Healthcare Services?

The latest standalone P/B ratio of Medi Assist Healthcare Services as of 22-Nov-2024 is 18.63.

What is the 52-week high and low of Medi Assist Healthcare Services?

The 52-week high of Medi Assist Healthcare Services is Rs. 715.00 and the 52-week low is Rs. 430.15.

Medi Assist Healthcare Services Ltd - Stock Valuation and Financial Performance

Name: Medi Assist Healthcare Services
Brand: Medi Assist Healthcare Services

BSE: 544088 | NSE: MEDIASSIST | Business Support | Small Cap

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Medi Assist Health Share Price

₹560.75 -1.10 -0.20%
as on 22-Nov'24 16:59

10 Year X-Ray of Medi Assist Health:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	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 ⓘ

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	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.1	15.8	15.7	13.7	18	21.2	19.8	17.9
Op. Profit Mgn % ⓘ	20.8	18.6	24.4	22.8	20.9	23.8	21	21.2
Net Profit Mgn % ⓘ	11.4	8.2	11.5	10.5	14.4	15	13.6	12.5
Debt to Equity ⓘ	0.3	0.3	0.4	0	0	0	0	0
Working Cap Days ⓘ	0	231	329	330	232	178	177	142
Cash Conv. Cycle ⓘ	0	-26	37	88	67	51	52	41

Recent Performance Summary

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%

Latest Financials - Medi Assist Healthcare Services Ltd.

	Standalone	Consolidated
TTM EPS (₹)	7.4	12.1
TTM Sales (₹ Cr.)	131	681
BVPS (₹.) ⓘ	30	69.3
Reserves (₹ Cr.) ⓘ	176	453
P/BV ⓘ	18.63	8.06
PE ⓘ	76.03	46.07

From the Market
52 Week Low / High (₹)	430.15 / 715.00
All Time Low / High (₹)	430.15 / 715.00
Market Cap (₹ Cr.)	3,937
Equity (₹ Cr.)	35.3
Face Value (₹)	5
Industry PE ⓘ	47.2

Management X-Ray of Medi Assist Health:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Medi Assist Health

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Medi Assist Health

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Finance Ratio

Standalone Basis Consolidated Basis

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

Medi Assist Healthcare Services Ltd Stock News

Medi Assist Healthcare Services Ltd FAQs

What is the share price of Medi Assist Health?

Company share prices are keep on changing according to the market conditions. The closing price of Medi Assist Health on 22-Nov-2024 16:59 is ₹560.8.

What is the market cap of Medi Assist Health?

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 22-Nov-2024 16:59 the market cap of Medi Assist Health stood at ₹3,936.9.

What is the P/E ratio of Medi Assist Health?

The latest P/E ratio of Medi Assist Health as of 22-Nov-2024 16:59 is 76.03.

What is the P/B ratio of Medi Assist Health?

The latest P/B ratio of Medi Assist Health as of 22-Nov-2024 16:59 is 18.63.

What is the 52-week high and low of Medi Assist Health?

The 52-week high of Medi Assist Health is ₹715.0 and the 52-week low is ₹430.1.

What is the TTM revenue of Medi Assist Health?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Medi Assist Health is ₹131.4 ( Cr.) .

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.