Medi Assist Healthcare Services Limited (IN:MEDIASSIST)
:MEDIASSIST
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Medi Assist Healthcare Services Limited
(MEDIASSIST)
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Rating:54Neutral
Price Target:
₹369.00
▼(-7.09% Downside)
Action:ReiteratedDate:03/10/26
The score is supported primarily by solid financial performance (strong growth and improved 2025 margins), but is pulled down by very bearish technicals (sharp downtrend and weak momentum) and an expensive valuation (very high P/E with modest dividend yield).
Positive Factors
Strong revenue scaling
Medi Assist's multi-year revenue scaling and renewed acceleration in 2025 indicate durable demand for its TPA and admin services. A larger administered base and higher claim volumes deepen client relationships, create recurring fee streams, and improve unit economics over time, supporting sustainable top-line growth.
Negative Factors
Rising leverage in 2025
The sharp increase in leverage reduces financial flexibility and raises interest-rate and refinancing sensitivity. With higher debt levels, Medi Assist has less cushion for cyclical stress, which could constrain investment, increase financing costs, and limit ability to pursue opportunistic M&A or absorb adverse shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue scaling
Medi Assist's multi-year revenue scaling and renewed acceleration in 2025 indicate durable demand for its TPA and admin services. A larger administered base and higher claim volumes deepen client relationships, create recurring fee streams, and improve unit economics over time, supporting sustainable top-line growth.
Read all positive factors
Medi Assist Healthcare Services Limited (MEDIASSIST) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.95B
Dividend Yield0.92%
Average Volume (3M)9.41K
Price to Earnings (P/E)205.1
Beta (1Y)1.05
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees6,140
SectorHealthcare
Sector Strength45
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)2.60
Shares Outstanding74,609,430
10 Day Avg. Volume7,822
30 Day Avg. Volume9,407
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)6.14
Price to Sales (P/S)4.60
P/FCF Ratio36.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)16.05
Revenue Forecast (FY)₹10.64B
Medi Assist Healthcare Services Limited Business Overview & Revenue Model
Company Description
Medi Assist Healthcare Services Limited, together with its subsidiaries, provides third party administration services in India and internationally. It acts as a health-tech and insurance-tech company that manages health benefits for employers, ret...
How the Company Makes Money
Medi Assist primarily makes money by providing outsourced health benefits administration and claims-related services to payers such as health insurance companies and employers/corporates. The core revenue stream is service/administration fees earn...
Medi Assist Healthcare Services Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
70
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.46B | 7.23B | 6.35B | 5.05B | 3.94B | 3.23B |
| Gross Profit | 4.31B | 4.17B | 2.62B | 2.12B | 1.98B | 1.12B |
| EBITDA | 1.87B | 1.78B | 1.31B | 1.33B | 1.12B | 974.61M |
| Net Income | 944.60M | 908.79M | 669.39M | 740.59M | 642.18M | 262.74M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 11.58B | 8.51B | 7.06B | 6.02B | 5.45B |
| Cash, Cash Equivalents and Short-Term Investments | 4.56B | 4.56B | 2.33B | 2.54B | 2.50B | 1.94B |
| Total Debt | 0.00 | 2.04B | 263.31M | 306.79M | 274.78M | 353.00M |
| Total Liabilities | -5.52B | 6.06B | 3.69B | 3.22B | 2.63B | 2.53B |
| Stockholders Equity | 5.52B | 5.41B | 4.72B | 3.77B | 3.37B | 2.90B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 922.93M | 479.57M | 534.10M | 527.03M | 1.22B |
| Operating Cash Flow | 0.00 | 1.38B | 663.81M | 810.79M | 643.99M | 1.35B |
| Investing Cash Flow | 0.00 | -2.18B | -548.64M | -104.88M | -828.99M | -555.99M |
| Financing Cash Flow | 0.00 | 1.12B | -147.55M | -315.25M | -303.71M | -107.58M |
Medi Assist Healthcare Services Limited Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹276.17B | 52.18 | ― | ― | 28.04% | -38.44% | |
61 Neutral | ₹94.71B | 60.35 | ― | 0.21% | 15.41% | 5.93% | |
58 Neutral | ₹19.41B | 38.37 | ― | 0.38% | 11.51% | 21.56% | |
54 Neutral | ₹26.95B | 205.09 | ― | 0.92% | ― | ― | |
54 Neutral | ₹78.75B | 35.22 | ― | 0.16% | 10.46% | 111.15% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
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Medi Assist Healthcare Services Limited Corporate Events
Medi Assist Allots 92,415 ESOP Shares, Marginally Raises Equity Capital
Apr 3, 2026
Medi Assist Healthcare Services Limited has allotted 92,415 equity shares of face value Rs 5 each to an eligible employee following the exercise of stock options granted under its Employee Stock Option Scheme 2013. The new shares, issued at exerci...
Medi Assist publishes postal ballot e-voting details in line with SEBI rules
Mar 28, 2026
Medi Assist Healthcare Services Limited has published newspaper advertisements in English and Marathi outlets to inform shareholders about a postal ballot process, in line with SEBI’s disclosure and advertising requirements. The company stat...
Medi Assist Subsidiary Pays INR 4.83 Crore After GST Search, Says Operations Unaffected
Mar 3, 2026
Medi Assist Healthcare Services has updated investors on a search and inspection conducted by the Maharashtra Goods and Services Tax Department at the Mumbai office of its subsidiary, Medi Assist Insurance TPA. The search, initiated on February 16...
Medi Assist Shareholders Clear Board Reappointments and Pay via Postal Ballot
Feb 25, 2026
Medi Assist Healthcare Services Limited has announced the results of a recent postal ballot conducted via remote e-voting, through which shareholders approved a series of board-level reappointments and remuneration proposals. The resolutions inclu...
Medi Assist Posts Audio of Q3 and Nine-Month FY26 Earnings Call Online
Feb 9, 2026
Medi Assist Healthcare Services Limited has notified the stock exchanges that the audio recording of its investor earnings and conference call held on February 9, 2026 is now available on its website. The call covered the unaudited standalone and ...
Medi Assist Files Q3 and 9MFY26 Investor Presentation With Indian Bourses
Feb 8, 2026
Medi Assist Healthcare Services Limited has submitted an investor presentation for the third quarter and nine-month period of fiscal 2026 to the National Stock Exchange of India and BSE. The filing, made under SEBI’s disclosure regulations, ...
Medi Assist Posts 24% Revenue Growth, Margin Gains and Turns Debt-Free
Feb 7, 2026
Medi Assist Healthcare Services Limited reported strong financial performance for the nine months ended December 31, 2025, highlighted by 24% year-on-year growth in operating revenue, a 154-basis-point sequential improvement in margins, and the tr...
Medi Assist Confirms No Deviation in Use of ₹198 Crore Preferential Issue Proceeds
Feb 6, 2026
Medi Assist Healthcare Services Limited has reported that the entire ₹198 crore raised via a preferential issue on October 10, 2025 has been used in line with the stated objectives, primarily to invest in its wholly owned material subsidiary...
Medi Assist Confirms No Deviation in Use of Preferential Issue Funds
Feb 6, 2026
Medi Assist Healthcare Services Limited reported to the stock exchanges that the funds of approximately INR 198 crore raised through a preferential issue on October 10, 2025, have been utilized in line with the stated objectives, primarily for inv...
Medi Assist Publishes Postal Ballot and E-Voting Details in Newspapers
Jan 25, 2026
Medi Assist Healthcare Services Limited has notified the stock exchanges that it has published newspaper advertisements in English and Marathi confirming completion of dispatch of its postal ballot notice to shareholders. The advertisements also s...
Medi Assist Receives Promoter Group Re-Classification Requests With No Impact on Shareholding
Jan 9, 2026
Medi Assist Healthcare Services Limited has disclosed that several Bessemer-affiliated entities and other promoter group companies have requested re-classification from the ‘promoter/promoter group’ category to the ‘public’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.