Medi Assist Healthcare Services Ltd

NSE: MEDIASSIST BSE: 544088Finance

Incorporated in June 2000, Medi Assist Healthcare Services Limited is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.[1]

₹374

52W: ₹293 — ₹594

PE 53.6 · Book ₹65.6 · +470% vs book

Market Cap₹2,791 Cr

Stock P/E53.6Price to Earnings

ROCE20.4%Return on Capital

ROE14.5%Return on Equity

Div. Yield0%Face Value ₹5

Strengths

+Company has reduced debt.
+Company is almost debt free.
+Company is expected to give good quarter

Weaknesses

−Though the company is reporting repeated profits, it is not paying out dividend
−Promoter holding is low: 4.61%
−Working capital days have increased from 84.9 days to 135 days

Shareholding Pattern

Promoters4.61%

FIIs24.31%

DIIs49.18%

Public21.9%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	38.85%	20.6%▼18.3	20.56%▼0.0	20.56%	20.55%▼0.0	4.87%▼15.7	4.62%▼0.3	4.61%▼0.0
FIIs	9.76%	16.25%▲6.5	14.04%▼2.2	13.26%▼0.8	13.89%▲0.6	23%▲9.1	25.27%▲2.3	24.31%▼1.0
DIIs	29.18%	41.33%▲12.1	42.72%▲1.4	42.91%▲0.2	42.3%▼0.6	48.9%▲6.6	49.91%▲1.0	49.18%▼0.7
Public	22.21%	21.83%▼0.4	22.68%▲0.9	23.25%▲0.6	23.27%▲0.0	23.24%▼0.0	20.19%▼3.0	21.9%▲1.7

Financial Statements

Metric	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	27	31	34	39	34	43	44	61	57	64
Expenses	19	16	20	22	27	22	29	36	40	40
Operating Profit	8	15	15	17	7	20	14	25	18	24
OPM %	29%	48%	42%	44%	21%	47%	33%	41%	31%	38%
Net Profit	5	28	9	10	4	11	8	18	12	14
EPS ₹	0.73	3.98	1.23	1.44	0.52	1.52	1.14	2.5	1.59	1.94

AI Insights

Revenue Trend

Mar 2026 revenue at ₹225Cr, up 49% YoY. OPM at 36%.

Debt Position

Borrowings at ₹5Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Institutional Flow

DIIs: 49.18% (+18.58pp change). FIIs: 24.31% (+14.64pp change). Promoters hold 4.61%.

Margin & Efficiency

ROCE improving from 0% (Mar 2019) to 20% (Mar 2026). Working capital days: 135.

Valuation

PE 53.6x with 20.4% ROCE. Price is 470% above book value of ₹65.6. Dividend yield: 0%.