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Medi Assist Healthcare Services Ltd (MEDIASSIST)

₹5582.07%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 2 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 2 analysts offering long term price targets for Medi Assist Healthcare Services Ltd. An average target of ₹600

Source: S&P Global Market Intelligence

Medi Assist Healthcare Services Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹532
    ₹563.45
  • 52 Week's Low

    52 Week's High

    ₹430.55
    ₹605
1 Month Return-4.74 %
3 Month Return+ 15.15 %
1 Year Return+ 20.23 %
Previous Close₹546.70
Open₹547.40
Volume1.89L
Upper Circuit-
Lower Circuit-
Market Cap₹3,844.13Cr

Key Statistics

P/E Ratio46.35
PEG Ratio3.85
Market Cap₹3,844.13 Cr
P/B Ratio0
EPS0

Peer Comparison

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Canara Robeco ELSS Tax Saver Direct Plan Growth OptionCanara Robeco ELSS Tax Saver Direct Plan Growth Option1.12%
Invesco India Smallcap Fund Direct GrowthInvesco India Smallcap Fund Direct Growth1.1%
Aditya Birla Sun Life Small Cap Fund Direct Plan GrowthAditya Birla Sun Life Small Cap Fund Direct Plan Growth0.69%
Kotak Business Cycle Fund Direct GrowthKotak Business Cycle Fund Direct Growth1.11%
WhiteOak Capital Flexi Cap Fund Direct GrowthWhiteOak Capital Flexi Cap Fund Direct Growth0.64%

Company Information

Medi Assist Healthcare Services Limited was formerly incorporated on June 7 2000 as a Private Limited Company with the name Net Logistics Private Limited. Subsequently name of the Company was changed to Medi Assist Healthcare Services Private Limited on November 21 2012. Upon the conversion to a Public Company the name was changed to Medi Assist Healthcare Services Limited through fresh Certificate of Incorporation issued by the RoC on March 20 2018.The Company is Indias largest health benefits administrator in terms of revenues and premium serviced for health insurance policies. Under the TPA Regulations insurance companies are the Main clients which serve as an intermediary between a general and health insurance companies and the insured members under retail corporate and insurance backed public health insurance policies b insurance companies and healthcare providers such as hospitals and c the Government and beneficiaries of public health schemes.The Company offer Insurance Companies seamless exchange of insured member and claims Information claims processing fraud detection management of cashless healthcare provider network enabling final payout to insured members and hospitals and data analytics among others. The Company was registered as a Third Party Administrator TPA with IRDAI in 2002. In December 2010 Medimatter Health acquired equity stake into the Company from Reliance Capital Limited and Medybiz Private Limited. On May 27 2017 Company acquired business of Medicare Insurance TPA Services India Private Limited as a going concern through slump sale which became effective from June 29 2018. On 17 February 2018 Medybiz Services Private Limited MSPL got merged with Company through Scheme of Amalgamation and resultant entire business undertaking of MSPL was transferred to and vested into Company effective from Appointed Date April 1 2018. With effect from 1 April 2018 the wholly owned subsidiary Medybiz Services Private Limited MSPL merged with Company and the business undertaking of MSPL got transferred to and vested in the Company in 2019. The Consumer Health Business CHB of Company was demerged into M/s. Mandala Wellness Private Limited MWPL through Scheme of Arrangement effective from Appointed Date i.e. 1 September 2019. The Company is proposing an Offer for Sale of issuing upto 28028168 Equity Shares through Initial Public Offer..

Share Price: ₹558.00 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹3,844.13Cr as of today
Revenue: ₹166.79Cr as on March 2024 (Q1 24)
Net Profit: ₹25.51Cr as on March 2024 (Q1 24)
Listing date: 23 Jan, 2024
Chairperson Name: Vikram Jit Singh Chhatwal
OrganisationMedi Assist Healthcare Services Ltd
HeadquartersBengaluru
IndustryInsurance
E-voting on sharesClick here to vote

Key events for Medi Assist Healthcare Services Ltd

  • Medi Assist Healthcare Services Posts Mixed Performance in FY24 - 17 May, 2024

    Medi Assist Healthcare Services has reported strong revenue growth and profit rises, but margins fell due to integration-related costs. Health insurance is in a sweet spot, and third-party administrators have become indispensable. The valuation is reasonable considering business moats.

  • Medi Assist Healthcare Services Reports Strong Q4 Results - 16 May, 2024

    Medi Assist Healthcare Services reported a 51% YoY rise in its Q4 net profit at ₹25.7 crore, with revenue from operations rising 23% YoY to ₹166.8 crore. For FY2024, revenue grew 26% to ₹634.7 crore while operating EBITDA rose 12% to ₹133.3 crore. The firm's market share of health insurance premiums stood at 19.6%, recording a growth of 186 basis points YoY. The board declared a final dividend of ₹4 per equity share and approved the appointment of Sandeep Daga as CFO.

Insights on Medi Assist Healthcare Services Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 0.00% to 29.52% in Jan 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, MEDIASSIST stock has moved up by 7.5%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.00% to 7.66% in Jan 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.00% to 6.60% in Jan 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 77.14% to 39.67% in Jan 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹166.79Cr
↑0.49%
Net Income
₹25.51Cr
↑20.44%
Net Profit Margin
15.29%
↑19.83%
2023Y/Y Change
Revenue
₹504.93Cr
↑28.22%
Net Income
₹74.04Cr
↑15.29%
Net Profit Margin
14.66%
↓10.12%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹198.38Cr
↑1.42%
Total Liabilities
₹30.58Cr
↑7.34%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹24.16Cr
↓390.73%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
38.91%
-1.92
Foreign Institutions
9.67%
26.28
Mutual Funds
13.77%
108.60
Retail Investors
20.8%
-29.54
Others
16.85%
1.83

Key Indicators

Medi Assist Healthcare Services Ltd Valuation

Medi Assist Healthcare Services Ltd in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

March 28, 2024

Industry (27.39x)

July 19, 2024

Today (46.35x)

July 19, 2024

Highest (49.01x)

June 19, 2024

LowHigh

Earnings and Dividends

  • Medi Assist Healthcare Services Ltd Earnings Results

    Medi Assist Healthcare Services Ltd’s net profit jumped 58.26% since last year same period to ₹25.10Cr in the Q4 2023-2024. On a quarterly growth basis, Medi Assist Healthcare Services Ltd has generated 22.38% jump in its net profits since last 3-months.

    Read More about Earnings Results

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Medi Assist Healthcare Services Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Medi Assist Healthcare Services Ltd (MEDIASSIST) share price today is ₹558

Medi Assist Healthcare Services Ltd is listed on NSE

Medi Assist Healthcare Services Ltd is listed on BSE

  • Today’s highest price of Medi Assist Healthcare Services Ltd is ₹563.45.
  • Today’s lowest price of Medi Assist Healthcare Services Ltd is ₹532.

PE Ratio of Medi Assist Healthcare Services Ltd is 46.35

PE ratio = Medi Assist Healthcare Services Ltd Market price per share / Medi Assist Healthcare Services Ltd Earnings per share

Today’s traded volume of Medi Assist Healthcare Services Ltd(MEDIASSIST) is 1.89L.

Today’s market capitalisation of Medi Assist Healthcare Services Ltd(MEDIASSIST) is ₹3844.13Cr.

Medi Assist Healthcare Services Ltd(MEDIASSISTPrice
52 Week High
₹605
52 Week Low
₹430.55

Medi Assist Healthcare Services Ltd(MEDIASSIST) share price is ₹558. It is down -7.77% from its 52 Week High price of ₹605

Medi Assist Healthcare Services Ltd(MEDIASSIST) share price is ₹558. It is up 29.60% from its 52 Week Low price of ₹430.55

Medi Assist Healthcare Services Ltd(MEDIASSISTReturns
1 Day Returns
11.3%
1 Month Returns
-4.74%
3 Month Returns
15.15%
1 Year Returns
20.23%