Medi Assist Health Ser L

NSE: MEDIASSIST · Insurance Distributors

52W Range₹293 ₹594

Snapshot

Unlock Medi Assist Health Ser L's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Medi Assist Healthcare Services Limited operates as a health-tech and insurance-tech company providing third-party administration (TPA) services. It manages health benefits for employers, retail members, and public health schemes while offering consultancy and business support services to insurance companies.

Business Model

The company generates revenue by providing administrative and health management services to insurance companies, corporate employers, and government bodies. It acts as an intermediary in the healthcare ecosystem, facilitating policy administration, claims processing, and pre-policy health check-ups.

Growth Outlook

Growth is driven by the increasing penetration of health insurance in India and the rising demand for digitised health benefit management. The company is positioned to benefit from the expansion of public health schemes and the outsourcing of administrative functions by private insurers.

Key Risks

  • Regulatory Risk. Changes in IRDAI regulations regarding third-party administrators could significantly impact the company's operational model and profitability.
  • Client Concentration. The company's revenue is heavily dependent on a limited number of large insurance partners and corporate clients.
  • Data Privacy and Security. As a handler of sensitive health information, the company faces significant risks related to data breaches and non-compliance with data protection laws.
  • Technological Disruption. The rapid evolution of health-tech may lead to disintermediation if insurance companies choose to develop in-house claims processing capabilities.

Price

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Key Metrics

REVENUE

₹905 Cr

TTM · consolidated

+25.1%YoY

NET PROFIT

₹89 Cr

TTM · consolidated

-2.4%YoY

EPS

₹12.15

TTM · consolidated

-6.0%YoY

RETURN ON EQUITY

14.5%

TTM · consolidated

-4.2 ppYoY

P/E

29.4x

Q4 FY26 · consolidated

29.4 vs 45.4x5Y avg

NET PROFIT MARGIN

22.5%

Q4 FY26 · consolidated

+11.1 ppYoY

DEBT TO EQUITY

0.6%

Q4 FY26 · consolidated

+0.3 ppYoY

Peers · Insurance Distributors

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Medi Assist Health Ser LMEDIASSIST
2,34729.4225.1%19.0%14.5%-36.3%
Star Health and Allied Insurance Company Ltd.STARHEALTH
26,7834.0%14.8%+37.2%
The New India Assurance Company Ltd.NIACL
20,56720.761.0%5.5%-4.1%
Canara HSBCCANHLIFE
13,5941.0%
Niva Bupa Health Insurance Company Ltd.NIVABUPA
12,7642.0%-3.5%
Max India LtdMAXIND
737-7.0031.0%-58.0%-32.8%-15.2%

As of Q4 FY26

Financials