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Medi Assist Healthcare Services Ltd share Price Today

Company details

576.00
596.05
430.55
596.05
6M Return 0.00%
1Y Return 27.14%
Mkt Cap.(Cr) 4,142.68
Volume 344,421
Div Yield 0.70%
OI
-
OI Chg %
-
Volume 344,421

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Healthcare Services company Medi Assist Healthcare Services announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total Income is Rs 171.1 crore, a growth of 22.9% over the corresponding quarter of the previous year
  • Revenue from contracts with customers excluding other income (“Operating Revenue”) is Rs 166.8 crore, a growth of 22.6% over the corresponding quarter of the previous year
  • Revenue from contracts with customers included:
    • 11.4% from Government business
    • 5.2% from International benefits business
  • EBITDA excluding Other Income (“Operating EBITDA”) is Rs 37.0 crore
    • a growth 20.7% YoY over the corresponding quarter of the previous year
    • a margin of 22.2% on Operating Revenue
  • Profit after tax is Rs 25.7 crore, at 15% Margin on Total Income
    • a growth of 50.6% YoY over the corresponding quarter of the previous year
    • a margin improvement of 277bps YoY

FY24 Financial Highlights:

  • Revenue from contracts with customers excluding other income (“Operating Revenue”) is Rs 634.7 crore, a growth of 25.7% over the previous year
  • Revenue from contracts with customers included:
    • 10.1% from Government business
    • 5.8% from international benefits business
  • EBITDA excluding Other Income (“Operating EBITDA”) is Rs 133.3 crore
    • a growth of 11.7% YoY over the previous year
    • a margin of 21.0% on Operating Revenue
  • Profit for the period (adjusting for exceptional item) is Rs 92.3 crore
    • a growth of 22.6% over the previous year
    • a margin of 14.1% on Total Income
  • Key Balance sheet and operating metrics for FY24 are as follows:
    • Net cash balance in the books is Rs 245 crore
    • Net Worth is Rs 481 crore, Return on Net Worth is 19.2%
    • Return on Capital employed is 20.4%
    • Revenue per average headcount (on non-government contracts) is Rs 1.38 million

Satish Gidugu, CEO, said, “Medi Assist has delivered another year of strong growth, with a 3 year revenue CAGR of over 25%, backed by the trust we continue to enjoy from our customers. Our organic growth clubbed with successful integration of acquisitions stand testament to our performance.”

Result PDF

View Other Company Results

Medi Assist Healthcare Services Ltd shares SWOT Analysis

Strengths (9)

  • New 52 week high today
  • Good quarterly growth in the recent results
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (2)

  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Positive Breakout First Resistance ( LTP > R1)
  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 598.7
R2 607.4
R3 618.8
Pivot

587.37

S1 578.7
S2 567.3
S3 558.6
EMA SMA
528.6
511.5
500.1
-
515.8
508.1
500.1
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
EDELWEISS BROKING LIMITED Bulk Sell 2024-04-03 500.02 482641 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-24 471.84 351002 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-24 472.02 351002 NSE
Name Category Shares
Bessemer India Capital Holdings II Ltd PROMOTER 29.26%
Medimatter Health Management Private Limited PROMOTER 9.65%

FINANCIALS

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Operating Profit
Profit after Tax
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Medi Assist Healthcare Services Ltd Stocks COMPARISON

Financials( in Cr) Medi Assist Healthcare Services Ltd Life Insurance Corporation of India SBI Life Insurance Company Ltd HDFC Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd
Price 590.05 1,031.50 1,449.20 596.20 601.85
% Change 2.79 -2.37 -1.65 -0.83 -0.82
Mcap Cr 4,142.68 652,423.54 145,132.31 128,239.28 86,703.47
Revenue TTM Cr 504.93 784,627.64 80,635.64 70,207.08 89,683.04
Net Profit TTM Cr 74.04 35,996.65 1,720.57 1,368.28 850.66
PE TTM 47.50 16.33 77.94 82.19 102.69
1 Year Return 27.14 66.83 13.17 -4.84 9.58
ROCE 26.18 0.95 0.66 0.62 0.38
ROE 20.75 124.84 14.14 9.60 8.34
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 335.28 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35
Medi Assist Healthcare Services Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 18, 2024 l NSE Announcement

Medi Assist Healthcare Services Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 12, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Medi Assist Healthcare Services Ltd Information

Stock PE (TTM)
47.5
Promoter Holding
38.91%
Book Value
67.1038
ROCE
26.18%
ROE
20.75%
Description
  • 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 India`s 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 28,028,168 Equity Shares through Initial Public Offer.

Registered Address

Tower D4th Floor IBC Knowledge, Park,4/1 Bannerghatta Road, Bengaluru, Karnataka, 560029

Tel : +91 80 6919 0000
Email : investor.relations:mediassist.in
Website : http://www.mediassist.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) :
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 544088
NSE Code : MEDIASSIST
Book Closure Date (Month) :
BSE Group : B
ISIN : INE456Z01021

FAQ’s on Medi Assist Healthcare Services Ltd Shares

You can buy Medi Assist Healthcare Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Medi Assist Healthcare Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 19, 2024 04:03 PM the closing price of Medi Assist Healthcare Services Ltd was Rs.590.05.

The latest PE ratio of Medi Assist Healthcare Services Ltd as of Jun 19, 2024 04:03 PM is 47.50

The latest PB ratio of Medi Assist Healthcare Services Ltd as of Jun 19, 2024 04:03 PM is 0.12

The 52-week high of Medi Assist Healthcare Services Ltd share price is Rs. 596.05 while the 52-week low is Rs. 430.55

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 19, 2024 04:03 PM, the market cap of Medi Assist Healthcare Services Ltd stood at Rs. 4,142.68.

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