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NSE:MEDIASSIST

MEDI ASSIST HEALTH SER L

Financial Services › Insurance
₹289.50
at close · 27 Oct 2026
▲ 5.95 (+2.10%)

Latest filings

  1. RTA confirms all shares held in demat form for Q2 FY27 · Compliance
  2. Medi Assist appointed as HBA for PFRDA's NPS Swasthya scheme · Business Updates
  3. Trading window closure for Q2 and H1 FY26 results · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates as a third-party administrator (TPA) for health insurance, processing claims, managing hospital networks, and providing technology platforms on behalf of insurers, corporate employers, government schemes, and individual policyholders. Group insurance administration is the largest line, contributing 69.5% of operating income (₹629.1 crore) and administering over ₹23,000 crore of group premiums at a 33.7% market share. Government health schemes contribute 12.6% (₹113.6 crore), retail (individual) insurance 10.6% (₹95.5 crore), and international operations 4.5% (₹41.1 crore) through the UK subsidiary Mayfair We Care and a Thailand strategic partnership. A technology and SaaS business, contributing 2.5% of operating income (₹21.7 crore), sells the MAtrix claims platform, MAven Guard fraud detection, and Raksha Prime pre-bill discharge tools to insurers and other TPAs. The MAtrix platform processes roughly one million claims per month across 6,000 networked hospitals, and MAven Guard prevented ₹540 crore of fraud in FY26. Employee costs are the dominant cost line at 43.6% of revenue, with other operating expenses at 37.1% and depreciation at 8.5%. The business is asset-light: total capex runs at 6.2% of revenue and the company became debt-free in January 2026 with ₹260.5 crore of free cash flow.

Revenue mix · reported segments
Group health insurance administration69.5%
Government health schemes12.6%
Retail/individual health insurance10.6%
International operations4.5%
Technology and SaaS2.5%
Operating scale
Premium under management
₹25,923 crore (+22.8% YoY)FY26
Group segment market share
33.7% (+340 bps YoY)FY26
Claims processed on MAtrix platform
~1 million per monthFY26
Raksha Prime hospital network
6,000 hospitals; 322,000+ patients enabled for pre-bill dischargeFY26
Group insurance retention
93.2%FY26
Fraud prevented via MAven Guard
₹540 croreFY26
Who pays it
Health insurance companies, corporate employers purchasing group health cover, government health schemes, and individual retail policyholders; the technology business also sells to other TPAs and insurers.
Biggest cost
Employee costs at 43.6% of revenue, reflecting the people-intensive nature of claims administration.
Kind of business
Asset-light services business administering health insurance claims and selling technology to insurers, with employee costs dominating the cost stack.
Where it sits
Health insurance TPA holding 33.7% of the group health insurance administration segment in FY26, plus a small but fast-growing technology SaaS line.
Market Cap
₹2,163 Cr
P / E (TTM)
22.8×
EV / EBITDA
11.2×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
10.9%·
ROCE (FY26)
ROE 10.5% · margin 19.8%
Leverage
0.00·
Debt / Equity · low
Net cash ₹55 Cr
Revenue FY24→FY26
1.4×▲
Margin −1.0 pts
₹635 Cr → ₹905 Cr
Cash conversion
1.29×▲
Operating cash ÷ profit · 3 yrs
₹322 Cr on ₹250 Cr
Moves on a normal day
1.44%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 12 Insurance peersBar = share of peers beaten · tick = industry median · latest reported figures
Profit growth#7/12

Scorecard

Measured from the filed financials, judged against its Insurance peers · as of FY26 — not investment advice

Strengths
No borrowings on the balance sheet
Over 3 years it reported ₹250 Cr of profit and ₹322 Cr of operating cash — 1.29×
Profit is converting into cash
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

MEDIASSIST · price

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MEDI ASSIST HEALTH SER L's filed financials and exchange disclosures

What does MEDI ASSIST HEALTH SER L do?

MEDI ASSIST HEALTH SER L is a Insurance company listed on NSE and BSE, trading under the symbol MEDIASSIST.

Is MEDI ASSIST HEALTH SER L profitable?

Yes. Over the trailing twelve months MEDI ASSIST HEALTH SER L reported a net profit of ₹94 Cr on revenue of ₹951 Cr.

Does MEDI ASSIST HEALTH SER L pay a dividend?

Not in the latest reported year — MEDI ASSIST HEALTH SER L's dividend payout for FY26 was nil.

Is MEDI ASSIST HEALTH SER L debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹55 Cr of cash.

How much does the MEDI ASSIST HEALTH SER L share price move in a day?

On a typical session MEDI ASSIST HEALTH SER L moves 1.44% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track MEDI ASSIST HEALTH SER L's announcements?

Every NSE and BSE filing by MEDI ASSIST HEALTH SER L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.