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Unlisted Shares

MEDI ASSIST Essentials

As of July 27, 2024, Medi Assist Healthcare Services, Listed Shares are trading at ₹581.00 per share.

ISIN

INE456Z01021

Face Value

₹ 5

Total Share

6,88,59,212

Total Income

₹ 504.93 undefined

Profit After Tax

₹ ****

EPS

₹ ****

P/E

****

P/B

****

Market Capitalisation

₹ 4,000.72 Cr

Enterprise Value

₹ ****

Book Value

₹ 52.5

Intrinsic Value

₹ ****

Dividend Yield

0.33 %

Earnings Yield

1.88 %

Sector

Financials

Sub-sector

Insurance

Category

Listed

Cashflow - Operations

81.08

Cashflow - Financing

-₹ 31.53

MEDI ASSIST Growth

Compounded Sales Growth

1 Year

3 Year

7 Year

Compounded Profit Growth

1 Year

3 Year

7 Year

Return On Equity

2017

2020

2023

Highlights

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  • Leading Third-Party Administrator (TPA) - Medi Assist Healthcare Services Limited operates as a third-party administrator (TPA) in India, specializing in offering administrative services to health insurance companies. The primary focus of Medi Assist is the efficient processing of health insurance claims for its clients. In addition to this core function, the company, along with its subsidiaries, extends its services to include provider network management, customer service, and wellness programs.
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  • Revenue Growth - The company has witnessed a significant upswing in its revenue, surging from ₹393.8 crore in FY22 to ₹504.9 crore in FY23, reflecting a growth rate of 28.2%. Over the preceding five years, the company's revenue has consistently expanded, resulting in a compound annual growth rate (CAGR) of 8.3% from FY18 to FY23.
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  • Profitability - The company's profitability has shown a continuous upward trend. The EBIT margin, starting at 10.7% in FY18, has advanced to 18.5% in FY23, indicating a compound annual growth rate (CAGR) of 9.5%. Similarly, the net profit margin of the company has grown from 8.4% in FY18 to 14.9% in FY23, showcasing a CAGR of 10.2% from FY18 to FY23.
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  • Key Stakeholders - Medi Assist's list of investors features India's counterpart to Warren Buffett, Rakesh Jhunjhunwala. The majority stake of 45.5% in the company is owned by Bessemer Venture Partners. Additionally, Investcorp Private Limited and Medimatter Health Capital also possess a noteworthy percentage of ownership in the company.


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  • Thesis - Medi Assist commands the leading position as the largest third-party administrator in India, boasting a substantial market share of 37%. Recent acquisitions of Raksha Health Insurance TPA and Medvantage Insurance TPA have further bolstered Medi Assist's market reach. The company's consistent positive performance is noteworthy. In the present industry landscape, the P/E multiple stands at 72.3x. With the application of a 20% DLOM factor, the adjusted P/E becomes 57.8x. Based on this adjusted P/E, Medi Assist is currently trailing at 38.7x, presenting investors with an undervalued opportunity.

Business Rating

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Managment

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Accounting Practice

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Profatibility

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Solvency

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Growth

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Valuation

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Overall Ratings

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Recommendation

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Our Team

Quantity

Invest

, Min. Investment: ₹