Medi Assist Healthcare Services Ltd.
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ABOUT
AI Sector View
AI GENERATEDServices
Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 22.9% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.28x)
- Working capital cycle has improved - days down from 125 to 60
- Institutional investors have been accumulating - FII+DII up 16.5pp
CONS
- Promoter holding has decreased over last 2 years: -34.2pp
- A large part of profit comes from other income (26.5% of PBT)
- Operating margins have contracted to 19.0% from 26.4%
- Recurring exceptional / one-off items are inflating headline profit
- Growth is decelerating - 3Y profit CAGR (5.8%) trails the 5Y trend (18.6%)
- Expensive relative to growth - PEG of 4.4
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PFOCUS | 312.75 | 210.73 | 24356.15 | 0.00 | -457.78 | -514.43 | 12668.15 | 1196.88 | 2.74 | 23.76 |
| SAGILITY | 44.57 | 21.01 | 20864.68 | 0.34 | 216.81 | 45.94 | 1963.48 | 27.59 | 13.82 | 22.32 |
| HORIZONIND | 55.59 | 243.77 | 16026.06 | 0.00 | -116.27 | — | 2005.46 | — | 3.32 | 80.26 |
| SYNGENE | 384.20 | 70.18 | 15508.97 | 0.33 | -9.00 | -110.38 | 736.00 | -15.84 | 9.48 | 12.34 |
| INDGN | 577.00 | 34.68 | 13903.78 | 0.39 | 116.20 | -0.17 | 1063.10 | 39.73 | 18.92 | 16.39 |
| IGIL | 311.90 | 22.11 | 13479.06 | 1.60 | 165.74 | 30.98 | 370.78 | 23.22 | 77.00 | 60.35 |
| NESCO | 1091.55 | 18.46 | 7691.06 | 0.64 | 99.96 | 3.97 | 211.80 | 9.55 | 19.23 | 48.33 |
| SPARC | 196.95 | 4.03 | 6391.45 | 0.00 | -20.78 | 59.94 | 39.92 | 314.11 | 163.94 | -85.17 |
| LEAPIND | 140.95 | 99.60 | 6209.36 | 0.00 | 247.33 | — | 2034.13 | — | 9.32 | 51.19 |
| SMARTWORKS | 537.60 | 220.61 | 6149.13 | 0.00 | 13.15 | 413.27 | 546.25 | 44.05 | 61.12 | 63.33 |
| JUSTDIAL | 667.45 | 15.64 | 5676.60 | 0.00 | 115.74 | 38.44 | 270.27 | 16.23 | 12.88 | 26.17 |
| MEDIASSIST | 323.60 | 25.93 | 2417.35 | 0.62 | 27.60 | 21.94 | 236.52 | 24.12 | 13.30 | 20.30 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 141 | 161 | 166 | 167 | 168 | 181 | 186 | 189 | 191 | 233 | 240 | 242 | 237 | |
| 118 | 121 | 132 | 130 | 132 | 142 | 146 | 148 | 149 | 193 | 195 | 194 | 212 | |
| Operating Profit | 22 | 40 | 34 | 37 | 35 | 38 | 40 | 41 | 42 | 40 | 45 | 48 | 24 |
| OPM % | 15.95% | 24.79% | 20.42% | 22.19% | 21.01% | 21.28% | 21.34% | 21.57% | 22.05% | 17.08% | 18.62% | 19.94% | 10.32% |
| 5 | -16 | 4 | 4 | 5 | 6 | 4 | 8 | 7 | 2 | -7 | 1 | 10 | |
| Interest | 1 | 0 | 1 | 1 | 2 | 2 | 2 | 4 | 5 | 8 | 8 | 1 | 2 |
| Depreciation | 8 | 11 | 11 | 12 | 14 | 14 | 14 | 14 | 14 | 21 | 21 | 21 | 22 |
| Profit before Tax | 18 | 12 | 26 | 28 | 25 | 29 | 27 | 30 | 31 | 13 | 8 | 28 | 35 |
| Tax % | 3.15% | 46.34% | 17.15% | 8.98% | 23.84% | 28.93% | -10.03% | 27.99% | 25.83% | 40.09% | 51.12% | -95.23% | 20.94% |
| Net Profit | 0 | 0 | 0 | 0 | 19 | 21 | 30 | 22 | 23 | 8 | 4 | 54 | 28 |
| 2.58 | 0.71 | 3.00 | 3.67 | 2.68 | 2.98 | 4.19 | 3.06 | 3.18 | 1.13 | 0.51 | 7.33 | 3.71 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 341 | 406 | 319 | 323 | 394 | 505 | 635 | 723 | 905 | 951 | |
| 270 | 331 | 241 | 249 | 312 | 386 | 509 | 573 | 733 | 794 | |
| Operating Profit | 71 | 75 | 78 | 73 | 81 | 119 | 125 | 150 | 172 | 157 |
| OPM % | 20.82% | 18.55% | 24.37% | 22.76% | 20.66% | 23.64% | 19.73% | 20.81% | 18.98% | 16.51% |
| 11 | -7 | 12 | 25 | 31 | 14 | 5 | 27 | 7 | 7 | |
| Interest | 4 | 4 | 4 | 6 | 3 | 3 | 3 | 10 | 21 | 18 |
| Depreciation | 19 | 25 | 26 | 32 | 28 | 27 | 43 | 56 | 77 | 85 |
| Profit before Tax | 59 | 39 | 59 | 61 | 81 | 104 | 84 | 112 | 80 | 85 |
| Tax % | 31.69% | 33.27% | 35.82% | 37.74% | 21.34% | 27.32% | 15.51% | 18.06% | -11.15% | -11.25% |
| Net Profit | 40 | 26 | 38 | 38 | 63 | 75 | 71 | 92 | 89 | 94 |
| EPS | 0.00 | 0.00 | 9298.27 | 3.88 | 9.33 | 10.65 | 9.53 | 12.89 | 11.78 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.07% | 20.27% | 17.57% | 41.95% | 0.00% | 16.98% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 23%
- 3 Years:
- 21%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 27%
- 3 Years:
- 6%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -39%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 18%
- 3 Years:
- 16%
- Last Year:
- 13%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 0 | 34 | 34 | 35 | 35 | 37 |
| Minority Interest | 3 | 2 | 2 | 2 | 2 | 7 | 10 | 11 | 13 |
| 197 | 212 | 206 | 285 | 295 | 331 | 428 | 498 | 794 | |
| 92 | 91 | 106 | 26 | 18 | 26 | 23 | 211 | 45 | |
| Trade Payables | 49 | 66 | 39 | 33 | 29 | 36 | 43 | 31 | 46 |
| 138 | 146 | 203 | 278 | 215 | 262 | 609 | 540 | 623 | |
| Total Liabilities | 480 | 516 | 555 | 624 | 593 | 697 | 1,148 | 1,327 | 1,559 |
| 132 | 142 | 138 | 119 | 99 | 171 | 246 | 306 | 639 | |
| 91 | 88 | 72 | 111 | 201 | 44 | 77 | 274 | 158 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 179 | 221 | 287 | |
| Cash & Bank | 12 | 14 | 39 | 115 | 63 | 212 | 164 | 185 | 86 |
| 245 | 273 | 307 | 280 | 230 | 270 | 482 | 340 | 388 | |
| Total Assets | 480 | 516 | 555 | 624 | 593 | 697 | 1,148 | 1,327 | 1,559 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 62 | 80 | 50 | 107 | 107 | 120 | 66 | 138 | 118 | |
| Cash from Investing | -42 | -21 | -21 | -61 | -83 | -10 | -55 | -218 | -160 |
| Cash from Financing | -7 | -10 | -12 | -10 | -30 | -32 | -15 | 112 | 12 |
| -9 | 4 | -16 | 69 | -49 | 39 | -3 | 32 | -30 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-02 - Medi Assist Healthcare Services Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-01 - Medi Assist Healthcare Services Limited has informed the Exchange about General Updates- Business Responsibility & Sustainability Reporting
2026-09-01 - Medi Assist Healthcare Services Limited has informed the Exchange about General Updates- Dispatch of letter to shareholders whose e-mail addresses are not registered withCompany/ Registrar & Transfer Agent/ Depository Participants
2026-09-01 - Medi Assist Healthcare Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026
2026-08-14 - Medi Assist Healthcare Services Limited has informed the Exchange about Transcript
2026-08-12 - Medi Assist Healthcare Services Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-11 - Medi Assist Healthcare Services Limited has informed the Exchange regarding 'Communication to shareholders regarding 26th Annual General Meeting, Record Date andDeduction of tax at source on dividend pay-out'.
2026-08-10 - Medi Assist Healthcare Services Limited has informed the Exchange about Link of Recording
2026-08-09 - Medi Assist Healthcare Services Limited has informed the Exchange regarding a press release dated August 09, 2026, titled "Medi Assist Q1 FY27: Revenue Up 24.1% Paramount Integration is at its logical closure; AI Platform Contracts Signed; International Platform Established".
News
Recent coverage and analyst commentary for MEDIASSIST
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