Medi Assist Healthcare Services Ltd

About Medi Assist Healthcare Services Ltd

Medi Assist Healthcare Services Ltd is India's largest Third-Party Administrator (TPA) in the health insurance sector. It provides comprehensive services including claims processing, policy administration, and network management for corporate, public, and retail clients. Leveraging technology, it facilitates efficient and cashless healthcare access, serving insurers, employers, and policyholders.

Key Financial Ratios of Medi Assist Healthcare Services Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Medi Assist Healthcare Services Ltd's P/E ratio (TTM) is 48.57, compared to the industry median of 32.53 and large cap median of 32.53.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Medi Assist Healthcare Services Ltd's P/B ratio is 3.02, compared to the industry median of 3.84 and large cap median of 3.84.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Medi Assist Healthcare Services Ltd's P/S ratio is 2.72, compared to the industry median of 3.46 and large cap median of 3.46.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Medi Assist Healthcare Services Ltd's PEG ratio is 1.75.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Medi Assist Healthcare Services Ltd's EV/EBITDA ratio is 13.63.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Medi Assist Healthcare Services Ltd's ROE is 10.61%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Medi Assist Healthcare Services Ltd's ROA is 12.76%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Medi Assist Healthcare Services Ltd's ROCE is 14%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Medi Assist Healthcare Services Ltd's operating margin is 19.34%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Medi Assist Healthcare Services Ltd's net margin is 9.83%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Medi Assist Healthcare Services Ltd's current ratio is 1.16.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Medi Assist Healthcare Services Ltd's debt-to-equity ratio is 0.06.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Medi Assist Healthcare Services Ltd's interest coverage ratio is 4.81.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Medi Assist Healthcare Services Ltd's DPS is ₹0.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Medi Assist Healthcare Services Ltd's EPS is -8.61.

(Source line: "Ratios as of 24 Oct 2026, based on last traded price of ₹338.05. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 2002

• Headquarters: Bengaluru, Karnataka

• Core Offerings: Third-Party Administration (TPA) services, Health Insurance Claims Processing, Hospital Network Management, Wellness Programs, Medical Bill Review

• Stock Listing: NSE (MEDIASSIST), BSE (544088)

• Promoter: Dr. Vikram Jit Singh Chhatwal, Dr. Medha Samant, Bessemer India Capital Holdings II Ltd.

History of Medi Assist Healthcare Services Ltd

Medi Assist was incorporated in 2002 as Medi Assist Healthcare Services Private Limited. It received its TPA license from IRDAI in 2006. The company expanded significantly through organic growth and acquisitions, including Medicare Insurance TPA Services (India) Private Limited in 2014 and Dedicated Healthcare Services (TPA) Private Limited in 2016. In 2021, it converted to a Public Limited Company and successfully listed on NSE and BSE through an IPO in January 2024, solidifying its position as a leading TPA.

Business Segments and Revenue Mix

• Third Party Administration (TPA) Services: This is the core business, encompassing end-to-end health insurance claims processing, cashless hospitalization management, and reimbursement services. It involves maintaining an extensive network of empaneled hospitals and healthcare providers across India.

• Value-added Services & Managed Care: Within its TPA framework, Medi Assist offers complementary services like wellness programs, preventive health check-ups, teleconsultations, and digital health management tools through platforms like Medibuddy, aimed at enhancing policyholder engagement and health outcomes.

Key Personnel

Dr. Vikram Jit Singh Chhatwal (MD & CEO): Co-founder of Medi Assist, he has over two decades of experience in healthcare management and has been pivotal in steering the company's strategic vision and growth. Dr. Medha Samant (Whole-time Director): Co-founder, she has been instrumental in building operational efficiencies and fostering strong relationships with healthcare providers and insurance partners.

Subsidiaries and Associate Companies

• Medi Assist Insurance TPA Private Limited

• Medi Assist TPA Services Private Limited

• Medibuddy TPA Services Private Limited

• Insure Secure Online Services Private Limited

Corporate Actions

Initial Public Offering (IPO) in January 2024, raising approximately ₹1,171.58 crores through an Offer for Sale. No major recent bonus or rights issues reported post-IPO.

References

1. Annual Report 2023-24
2. Red Herring Prospectus (RHP) dated Jan 2024
3. Exchange Filings (NSE/BSE)
4. Company Website