Medi Assist Healthcare Services Limited

NSE: MEDIASSIST · Insurance Distributors

52W Range₹293 ₹576

Snapshot

Unlock Medi Assist Healthcare Services Limited'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.

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Key Metrics

REVENUE

₹951 Cr

TTM · consolidated

+27.4%YoY

NET PROFIT

₹94 Cr

TTM · consolidated

-1.0%YoY

EPS

₹12.68

TTM · consolidated

-5.5%YoY

RETURN ON EQUITY

13.7%

TTM · consolidated

-3.9 ppYoY

P/E

26.8x

Q1 FY27 · consolidated

26.8 vs 42.2x5Y avg

NET PROFIT MARGIN

11.7%

Q1 FY27 · consolidated

-0.2 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

-0.28xYoY

Peers · Insurance Distributors

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Medi Assist Healthcare Services LimitedMEDIASSIST
₹2,542 Cr26.8427.4%19.0%13.7%-35.3%
Star Health and Allied Insurance Company Ltd.STARHEALTH
₹32,796 Cr4.6%14.8%+25.6%
Go Digit General Insurance Ltd.GODIGIT
₹23,882 Cr43.851.8%-27.4%
Canara HSBC Life Insurance Company LimitedCANHLIFE
₹14,937 Cr1.1%8.2%
Niva Bupa Health Insurance Company Ltd.NIVABUPA
₹14,802 Cr2.4%-1.4%
Max India LtdMAXIND
₹791 Cr-5.9637.2%-42.0%-34.5%-31.8%

As of Q1 FY27

Financials