As of July 27, 2024, Medi Assist Healthcare Services, Listed Shares are trading at ₹581.00 per share.
ISIN
INE456Z01021
An International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. The numbers are allocated by a country's respective national numbering agency (NNA).
Face Value
₹ 5
Value of a security, as stated by its issuer. It has no relation with market price of the stock.
Total Share
6,88,59,212
Total shares or total number of shares outstanding represents the amount of stock on the open market, including shares held by institutional investors and restricted shares held by insiders and company officers.
Total Income
₹ 504.93 undefined
Gross income refers to the total income earned by an individual on a pay check before taxes and other deductions. It comprises all incomes received by an individual from all sources – including wages, rental income, interest income, and dividends.
Profit After Tax
₹ ****
It is the final profit left over after subtracting all operating and non operating items from net revenue.
EPS
₹ ****
It is the profit allocated to each outstanding share of common stock.
P/E
****
It is a valuation parameter that measures the company's current share price relative to its per-share earnings. Generally, high P/E is Overvalued & low P/E is Undervalued.
P/B
****
It shows the relationship between the current price and the book value of each share. A lower P/B ratio can mean that the stock is undervalued.
Market Capitalisation
₹ 4,000.72 Cr
Market capitalization is the aggregate valuation of the company based on its current share price and the total number of outstanding shares.
Enterprise Value
₹ ****
It measures companys total value, which includes market capitalization, debt and excludes cash.
Book Value
₹ 52.5
It calculates the per share value of a company based on its equity available to common shareholders
Intrinsic Value
₹ ****
Intrinsic value is the anticipated value of a company or stock determined through fundamental analysis. It is also referred to as the price a rational investor is willing to pay for an investment, given its level of risk.
Dividend Yield
0.33 %
It measures the amount of cash dividends distributed to equity shareholders relative to the market value per share.
Earnings Yield
1.88 %
Sector
Financials
A sector is an area in which businesses share the same or a related product or service. It can also be known as an industry or market that shares common operating characteristics
Sub-sector
Insurance
Subsectors are the divisions of a sector. They are areas that vary from the rest of the sector substantially enough to justify creating a plan just for the subsector.
Category
Listed
Category is defined as a class or division of things regarded as having particular shared characteristics.
Cashflow - Operations
₹ 81.08
It indicates the amount of money a company brings in from its ongoing and regular operations over a fixed period of time.
Cashflow - Financing
-₹ 31.53
It shows the net flows of cash that are used to fund the company, which include transactions involving debt, equity, and dividends.
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
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.
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.
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.
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.
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.