MEDIASSIST

Medi Assist Healthcare Services Limited

Health-insurance and benefits administrator for insurers and employers

Financial Services›Financial Services›Insurance›Insurance Distributors

mediassist.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹299.75
Market cap
2,237 Cr
Stock P/E
24.0
P/B
2.67
Dividend yield
1.3%
ROE (FY26)
10.3%
ROCE (FY26)
11.9%
Operating margin (FY26)
10.8%
Debt / equity (FY26)
0.0061

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Medi Assist is a health-insurance third-party administrator (TPA) that processes health claims and runs health-benefit programmes for insurers, corporate employers and government schemes in India.

Company snapshot

1stBy market cap

Ranked among 1 companies in Insurance Distributors.

What we see

Positives
  • ✓Cash flow from operations is higher than reported profit — earnings quality looks solid.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales166 Cr167 Cr168 Cr181 Cr186 Cr189 Cr191 Cr233 Cr240 Cr242 Cr237 Cr
Operating expenses (approx.)132 Cr130 Cr132 Cr142 Cr146 Cr148 Cr149 Cr193 Cr195 Cr194 Cr189 Cr
EBITDA34 Cr37 Cr35 Cr38 Cr40 Cr41 Cr42 Cr40 Cr45 Cr48 Cr48 Cr
OPM %20.4%22.2%21.0%21.3%21.3%21.6%22.0%17.1%18.6%19.9%20.3%
Other income4 Cr4 Cr5 Cr6 Cr4 Cr8 Cr7 Cr2 Cr8 Cr1 Cr10 Cr
Interest1 Cr0.78 Cr2 Cr2 Cr2 Cr4 Cr5 Cr8 Cr8 Cr0.65 Cr2 Cr
Depreciation11 Cr12 Cr14 Cr14 Cr14 Cr14 Cr14 Cr21 Cr21 Cr21 Cr22 Cr
Profit before tax26 Cr28 Cr25 Cr30 Cr27 Cr30 Cr31 Cr13 Cr8 Cr28 Cr35 Cr
Tax %17.1%9.0%24.0%28.9%-10.0%28.0%25.8%40.1%51.2%-95.2%20.9%
Net profit21 Cr26 Cr19 Cr21 Cr30 Cr22 Cr23 Cr8 Cr4 Cr54 Cr28 Cr
EPS (₹)₹2.98₹3.64₹2.68₹2.99₹4.20₹3.05₹3.18₹1.13₹0.51₹7.33₹3.71

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales323 Cr394 Cr505 Cr635 Cr723 Cr905 CrSign in free for the trailing twelve months
Operating expenses (approx.)247 Cr303 Cr386 Cr501 Cr569 Cr730 CrSign in free for the trailing twelve months
EBITDA76 Cr91 Cr119 Cr133 Cr154 Cr175 CrSign in free for the trailing twelve months
OPM %23.4%23.2%23.6%21.0%21.3%19.3%Sign in free for the trailing twelve months
Other income23 Cr18 Cr14 Cr18 Cr24 Cr18 CrSign in free for the trailing twelve months
Interest6 Cr3 Cr3 Cr3 Cr10 Cr21 CrSign in free for the trailing twelve months
Depreciation32 Cr28 Cr27 Cr43 Cr56 Cr77 CrSign in free for the trailing twelve months
Profit before tax61 Cr81 Cr104 Cr82 Cr112 Cr80 CrSign in free for the trailing twelve months
Tax %37.7%21.3%27.3%15.3%18.1%-11.1%Sign in free for the trailing twelve months
Net profit26 Cr64 Cr74 Cr69 Cr92 Cr89 CrSign in free for the trailing twelve months
EPS (₹)₹3.92₹9.33₹10.76₹9.71₹12.91₹12.14Sign in free for the trailing twelve months
Dividend payout %———18.8%30.7%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital0.04 Cr34 Cr34 Cr35 Cr35 Cr37 Cr
Reserves290 Cr303 Cr342 Cr437 Cr506 Cr802 Cr
Borrowings——0.08 Cr—150 Cr—
Other liabilities253 Cr263 Cr322 Cr369 Cr456 Cr520 Cr
Total liabilities545 Cr602 Cr706 Cr851 Cr1,158 Cr1,372 Cr
Fixed assets (net)29 Cr21 Cr27 Cr55 Cr32 Cr43 Cr
CWIP———0 Cr0 Cr0 Cr
Investments111 Cr201 Cr44 Cr77 Cr274 Cr158 Cr
Trade receivables116 Cr119 Cr127 Cr179 Cr221 Cr287 Cr
Cash & bank63 Cr15 Cr54 Cr51 Cr83 Cr55 Cr
Other assets226 Cr246 Cr453 Cr490 Cr548 Cr830 Cr
Total assets545 Cr602 Cr706 Cr851 Cr1,158 Cr1,372 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity135 Cr64 Cr79 Cr66 Cr138 Cr118 Cr
Cash from investing-56 Cr-83 Cr-8 Cr-55 Cr-218 Cr-160 Cr
Cash from financing-11 Cr-30 Cr-31 Cr-15 Cr112 Cr12 Cr
Net cash flow69 Cr-49 Cr39 Cr-3 Cr32 Cr-28 Cr
Free cash flow (OCF − Capex)122 Cr62 Cr51 Cr48 Cr92 Cr62 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %22.8%24.7%27.8%17.6%17.4%11.9%
ROE %9.0%18.9%19.3%13.9%16.5%10.3%
Debtor days13111092103111115
Inventory days———000
Days payable382726241518
Cash conversion cycle938365789697
Debt / equity——0.00020.000.280.0061
Current ratio1.691.811.591.501.491.34
Net debt / EBITDA-0.84-0.16-0.45-0.380.44-0.31