MEDIASSISTFinancial Services

Medi Assist Healthcare Services Limited

Insurance Distributors · ISIN INE456Z01021 · BSE 544088 · NSE EQ · FV ₹5
Last price
₹290
+0.48%today
What this company does

Medi Assist Healthcare Services Limited operates in Insurance Distributors, part of the Financial Services sector. It booked ₹242 cr of revenue in its latest quarter (Q2 FY27) and kept 8.9% of sales as profit.

In the report:
41out of 100
Equitytale Health Score
Strained

Healthier than 41% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 55–253 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Profitability & returns37

How much profit it earns on the money it employs

Cash quality88

Whether reported profit actually arrives as cash

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

Governance & risk72

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Profit up 171% vs last year
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in MEDIASSIST?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹290▲ +0.48%
latest close · 2026-11-04
52-wk low ₹27674 sessions so far52-wk high ₹376
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio25.2Average
LowAverageHigh
P/B ratio2.45Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.7%Fair
WeakFairStrong ▸15%
Return on capital13.2%Fair
WeakFairStrong
Net margin8.9%Decent
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Current ratio1.31Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,167 cr
Book value
₹118
EPS
₹2.88
latest quarter
Net debt
—
Enterprise value
—
EBITDA
—
EBIT
—
Operating margin
—
Return on assets
6.0%
Earnings yield
3.97%
P/S
2.24
Sales / share
₹129.3
Tax rate
27.4%
Face value
₹5
Shares
7.5 cr
Working capital
₹151 cr
Current assets
₹642 cr
Current liabilities
₹492 cr
Delivery %
57.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹116 vs market price ₹290 — price is 150% above it
Safety cushion-149.8%(target ≥ +20%)
Models span ₹84–₹177, midpoint ₹116
Model ₹116
Price ₹290
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹242 cr
Other Income₹4 cr
Total Income₹245 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹104 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹22 cr
Other Expenses₹89 cr
Total Expenses₹216 cr
Profit before Tax₹30 cr
Tax Expense₹8 cr
Net Profit₹22 cr
Net margin on total income8.8%
Where the money goes · Q2 FY27
% of total income
Employee benefit expense₹104 cr42.2%
Finance costs₹2 cr0.6%
Depreciation & amortisation₹22 cr8.9%
Other expenses₹89 cr36.1%
Tax expense₹8 cr3.3%
Profit for the period₹22 cr8.8%
Total income ₹245 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue242 cr237 cr242 cr
Total income243 cr247 cr245 cr
Expenses215 cr212 cr216 cr
Profit before tax28 cr35 cr30 cr
Tax-27 cr7 cr8 cr
Net profit (owners' share)53 cr28 cr22 cr
Net margin (owners' share, on revenue)22.1%11.7%8.9%
EPS (₹)7.333.712.88
YoY (latest quarter): total income +4.5% · net profit +170.8%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹1,441 cr
Shareholder equity
₹884 cr
parent shareholders
Total debt
₹0 cr
Cash
₹50 cr
Cash flow · H1 FY27
Operating
₹40 cr
Investing
₹-29 cr
Financing
₹-17 cr
Peer comparison
Financial Services · by market value (sector-level match)
CompanyPriceMarket capP/E
HDFC Bank Limited₹726₹11.19 L cr13.5
ICICI Bank Limited₹1,425₹10.23 L cr15.6
State Bank of India₹970₹8.96 L cr8.8
Bajaj Finance Limited₹970₹6.04 L cr24.1
Bajaj Finserv Limited₹1,718₹5.52 L cr21.9
Kotak Mahindra Bank Limited₹465₹4.62 L cr20.5
Axis Bank Limited₹1,233₹3.84 L cr12.4
Shriram Finance Limited₹885₹2.08 L cr14.1
BSE Limited₹3,666₹1.50 L cr43.2
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.69%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹2 / share11 Sep 2026
Dividend₹4 / share6 Sep 2024
Who owns it · 2026-09-30
No pledge
Promoter
4.6%
FII / Foreign
24.6%
DII / Domestic
46.1%
Retail / others
24.8%
Promoter stake down 34.3% over the last 12 quarters.
Smart-money activity
Bulk / block deals
short— · NSE114 Oct 26
short— · NSE122 Sep 26
BoughtNTASIAN DISCOVERY MASTER FUND · NSE4.00 L @ ₹356.7625 Aug 26
Stake changes
SoldSBI Life Insurance Company Limited→ 2.70%3 Sep 26
SoldSBI General Insurance Company Limited→ 1.02% · 14,9603 Sep 26
SoldHDFC Mutual Fund→ 5.59% · 11.90 L20 Jul 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
5.11 cr votes for, 136 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
5.11 cr votes for, 136 against · 0% of mutual funds and other big investors said no
3
To re-appoint a Director in place of Ms. Sunita Rebecca Cherian who retires by rotation and being eligible, offers herself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
5.11 cr votes for, 556 against · 0% of mutual funds and other big investors said no
4
Approval of payment of commission to Non-Executive Directors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
5.11 cr votes for, 1,251 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 17 named members
owning 4.6% between them · as of 2026-09-30
Medimatter Health Management Private Limited4.61%
Ashok Kumar Choudhuryno shares
Geetali Chhatwal Jonssonno shares
Harita Guptano shares
Major General M J S Chhatwal HUFno shares
Manas Factories Combine (Private) Limitedno shares
Manas Products (Protein) Private Limitedno shares
Manas Tradersno shares
Business done with them
FY2025 · 3 of the group
The company paid ₹6 cr to companies in the promoter group last year — about 0.9% of its ₹723 cr revenue.
Vikram Jit Singh Chhatwal
Other payments to them · Reimbursement of charges from Promoter, Employee benefit payables & Reimbursement of expense to Director
₹4 cr
company paid
MEDIMATTER HEALTH MANAGEMENT PRIVATE LIMITED
Other payments to them · Reimbursement of charges from Promoter
also owns 4.61% of the company
₹2 cr
company paid
Bessemer Health Capital LLC
Other payments to them · Reimbursement of charges from Promoter
₹99.5 L
company paid

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹198 cr raised in Oct 2025 by selling shares to selected investors

As of Sep 2026, the company says it has spent 76% of what it set aside, leaving ₹47 cr still to be spent. Care Edge Ratings watches the spending on the exchange’s behalf.

For undertaking investment in Medi Assist Insurance TPA Pvt. Limited, a wholly-owned material subsidiary of the Company (“Subsidiary”), in the form of equity/quasi equity, debt/loan instruments, which will be utilized by the Subsidiary to prepay/repay, in full or part, all or a portion of certain outstanding borrowings availed by the Subsidiary from banks, nonbanking finance companies and other lenders, if any. (“Investment in Subsidiary for Debt Prepayment/ Repayment”)
99%
₹148 cr of ₹150 cr
Up to 25% (twenty-five percent) of the Issue Proceeds will be utilised for general corporate purposes, which includes, inter alia, meeting ongoing general corporate exigencies and contingencies, expenses and investments of the Company as applicable in such a manner and proportion as may be decided by the Board from time to time, and/or any other general purposes as may be permissible under applicable laws (“General Corporate Purposes”)
6%
₹3 cr of ₹48 cr
Spent by quarter: 75% → 75% → 77% → 76% (to Sep 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.