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Medi Assist Healthcare Services Ltd

MEDIASSIST

Medi Assist Healthcare Services Ltd

MEDIASSIST
FinancialsInsurance
SmallcapWith a market cap of ₹4,337 cr, stock is ranked 844
High RiskStock is 3.06x as volatile as Nifty
613.700.01% (-0.05)
613.700.01% (-0.05)

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1D
1W
1M
1Y
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Max
SIP
FinancialsInsurance
SmallcapWith a market cap of ₹4,337 cr, stock is ranked 844
High RiskStock is 3.06x as volatile as Nifty

How to use scorecard? Learn more

FinancialsInsurance
SmallcapWith a market cap of ₹4,337 cr, stock is ranked 844
High RiskStock is 3.06x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
50.769.010.40%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
18.532.580.94%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 3 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Medi Assist Healthcare Services provide third party administration services to insurance companies.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 18.36%, vs industry avg of 11.63%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.03% to 0.04%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 20.65%, vs industry avg of 34.38%

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Financial YearFY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue241.58281.17330.41345.29415.42518.95653.05701.11
Raw Materialssubtract0.000.000.000.000.000.000.00537.12
Power & Fuel Costsubtract2.643.154.222.432.663.845.26
Employee Costsubtract89.37107.61134.88143.26155.68197.69254.36
Selling & Administrative Expensessubtract37.9849.0955.1537.1862.3389.85126.20
Operating & Other expensessubtract28.9652.5947.2175.8681.9595.47138.71
Depreciation/Amortizationsubtract18.6623.1626.5131.5228.4126.7743.0850.60
Interest & Other Itemssubtract3.554.283.695.732.952.993.165.27
Taxes & Other Itemssubtract19.9815.1024.1923.0317.2228.2815.3322.66
EPS6.293.995.173.879.3310.769.6312.17
DPS0.000.000.000.001.891.892.504.00
Payout ratio0.000.000.000.000.200.180.260.33

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
FinancialsInsurance

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Medi Assist Healthcare Services Ltd64.799.010.40%
Life Insurance Corporation Of India14.667.231.05%
Bajaj Finserv Ltd32.552.560.06%
SBI Life Insurance Company Ltd77.359.830.18%

Price Comparison

Compare MEDIASSIST with any stock or ETF
Compare MEDIASSIST with any stock or ETF
MEDIASSIST
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 18.31%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 2.04%

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 6.49%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding20.60%23.94%17.39%16.25%21.82%

Jan 2024

Mar 2024

Jun 2024

Sep 2024

Shareholding History

MayJanMarJunSep0.00%7.66%9.67%9.76%16.25%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 12.33%

Top 5 Mutual Funds holding Medi Assist Healthcare Services Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Canara Robeco ELSS Tax Saver - Growth - Direct Plan

Growth
2.4725%1.22%0.04%49/78 (-3)
Aditya Birla Sun Life Multi-Cap Fund - Growth - Direct Plan

Growth
2.0085%1.38%1.38%53/83 (+23)
HDFC Large and Mid Cap Fund - Growth - Direct Plan

Growth
1.9754%0.36%0.36%94/210 (+109)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 6, 2024

Final
Final | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Sep 6, 2024

News & Opinions
Earnings
Medi Assist Healthcare Services reports standalone net profit of Rs 10.14 crore in the September 2024 quarter

Net profit of Medi Assist Healthcare Services reported to Rs 10.14 crore in the quarter ended September 2024 as against net loss of Rs 17.48 crore during the previous quarter ended September 2023. Sales rose 42.73% to Rs 39.48 crore in the quarter ended September 2024 as against Rs 27.66 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales39.4827.66 43 OPM %43.9035.47 - PBDT19.5810.64 84 PBT14.836.65 123 NP10.14-17.48 LP Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Medi Assist Healthcare Services to convene board meeting

Medi Assist Healthcare Services will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Broader market outperforms; pharma shares in demand

The headline equity benchmarks continued to trade with minor cuts in morning trade. The Nifty traded below the 25,000 level after hitting the day's high of 25,043.65 in morning trade. Pharma shares extended gains for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex was down 31.70 points or 0.04% to 81,659.50. The Nifty 50 index lost 14.30 points or 0.06% to 24,996.30. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.27% and the S&P BSE Small-Cap index gained 0.43%. The market breadth was positive. On the BSE, 2,122 shares rose and 1,488 shares fell. A total of 151 shares were unchanged. Buzzing Index: The Nifty Pharma index gained 0.80% to 22,735.05. The index added 0.91% in two consecutive trading sessions. Alkem Laboratories (up 2.33%), Laurus Labs (up 2.14%), J B Chemicals & Pharmaceuticals (up 2.09%), Gland Pharma (up 1.97%), Mankind Pharma (up 1.91%), Lupin (up 1.7%), Cipla (up 1.45%), Glenmark Pharmaceuticals (up 0.99%), Sanofi India (up 0.99%) and Zydus Lifesciences (up 0.93%) rallied. On the other hand, Granules India (down 0.7%), Natco Pharma (down 0.22%) and Divis Laboratories (down 0.11%) edged lower. Stocks in Spotlight: Medi Assist Healthcare Services surged 8.43% after the firm's subsidiary, Medi Assist Insurance TPA has entered into share purchase agreement for 100% acquisition of Paramount Health Services & Insurance TPA (Paramount TPA). JSW Energy added 1.22% after the company's wholly owned subsidiary JSW Neo Energy has received letter of award (LoA) for setting up a wind-solar hybrid power project from Maharashtra State Electricity Distribution Company (MSEDCL). Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Medi Assist Healthcare jumps after arm inks pact to acquire Paramount TPA

Paramount Health Services & Insurance TPA, owned by Fairfax Asia and the Shah family. It is one of India's leading third-party administrators (TPA), licensed by the IRDAI managing health insurance policies across group, retail and government segment. It managed Rs 3,866 crore of total premiums for Group & retail segment and reported revenue from operations of Rs 153 crore in FY24. Paramount TPA works with 30 insurers and more than 3,000 group customers and retail policyholders. With the acquisition of Paramount TPA, Medi Assist TPA market share will grow to 36.6% for the group segment and 23.6% of the health insurance industry, by premiums managed. This acquisition with enable Medi Assist deliver further efficiencies across teams, technology and inpatient/outpatient networks thereby strengthening its proposition as a long-term strategic partner to Insurers (General, SAHI and Life). The company will acquire 100% stake for total consideration of Rs 311.8 crore, subject to regulatory approval and completion of customary closing formalities. The said acquisition is expected to be completed in 4-6 months by end of FY2025. Gobinath Athappan, chairman & CEO, Fairfax Asia, said, 'Paramount TPA has performed really well over the past years under Dr. Nayan Shah's leadership. We are thrilled that in its new home, Medi Assist TPA, it will reach greater heights.' Dr. Nayan Shah, MD Paramount TPA, said, 'Paramount TPAs 28-years of leadership in the TPA industry stands testament to its success. Our COO, Atman Shah's leadership has been instrumental in the growth of the business. The coming together of 2 leading TPAs will go a long way in delivering on the promise of Insurance for all by 2047.' Satish Gidugu, CEO Medi Assist, said, 'This strategic move strengthens our market leadership and aligns with our long-term vision of making quality healthcare accessible and efficient. I welcome the Paramount team to the Medi Assist family and to achieving greater milestones.' Medi Assist Healthcare Services provides third party administration (TPA) services to insurance companies through its wholly owned Subsidiaries, Medi Assist TPA, Medvantage TPA and Raksha TPA. 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. The company's consolidated net profi increased 5.9% to Rs 18.82 crore in Q1 FY25 as compared with Rs 17.77 crore in Q1 FY24. Net sales jumped 19.1% YoY to Rs 167.71 crore during the quarter.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Medi Assist Healthcare Services to hold AGM

Medi Assist Healthcare Services announced that the 24th Annual General Meeting (AGM) of the company will be held on 20 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Medi Assist Healthcare Services consolidated net profit rises 5.91% in the June 2024 quarter

Net profit of Medi Assist Healthcare Services rose 5.91% to Rs 18.82 crore in the quarter ended June 2024 as against Rs 17.77 crore during the previous quarter ended June 2023. Sales rose 19.10% to Rs 167.71 crore in the quarter ended June 2024 as against Rs 140.82 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales167.71140.82 19 OPM %21.0115.94 - PBDT38.7626.76 45 PBT25.0518.38 36 NP18.8217.77 6 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Medi Assist Healthcare Services to declare Quarterly Result

Medi Assist Healthcare Services will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live