Recent Price Movement and Market Context
On 29 Jan 2026, Medi Assist Healthcare Services Ltd recorded a day decline of 1.70%, closing at Rs.397.25, which represents the lowest price level ever observed for the stock. This drop outpaced the Sensex’s marginal fall of 0.01% on the same day. The stock has underperformed its insurance sector peers by 0.55% today, continuing a trend of relative weakness.
The stock has been on a losing streak for four consecutive days, cumulatively falling by 5.79% during this period. Over the past week, the decline has deepened to 6.44%, while the Sensex remained nearly flat with a 0.03% gain. The one-month performance shows a sharper fall of 11.75%, compared to the Sensex’s 2.79% decline. Over three months, the stock has plunged 28.52%, significantly underperforming the Sensex’s 3.13% drop.
Year-to-date, Medi Assist Healthcare Services Ltd has lost 13.81%, whereas the Sensex has declined by 3.39%. The one-year performance is particularly notable, with the stock falling 27.72% while the Sensex gained 7.58%. Over longer horizons of three, five, and ten years, the stock has shown no appreciable returns, contrasting sharply with the Sensex’s robust gains of 38.77%, 77.88%, and 231.05% respectively.
Technical Indicators and Moving Averages
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning underscores the prevailing bearish momentum and suggests a lack of short- to medium-term price support levels.
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Fundamental Performance and Financial Metrics
Medi Assist Healthcare Services Ltd operates within the insurance industry and holds a market capitalisation grade of 3, indicating a relatively modest market cap size. The company’s Mojo Score currently stands at 19.0, with a Mojo Grade of Strong Sell, an upgrade in severity from the previous Sell rating assigned on 2 Dec 2025.
Interest expenses over the last nine months have surged to Rs.16.73 crores, reflecting a growth rate of 182.12%. This sharp increase in interest costs has exerted pressure on profitability metrics. The operating profit to interest ratio for the latest quarter is at a low 5.23 times, signalling tighter coverage of interest obligations by operating earnings.
Profit before tax excluding other income (PBT less OI) for the quarter has declined by 51.0% to Rs.11.19 crores compared to the previous four-quarter average, highlighting a contraction in core profitability.
Despite these challenges, the company maintains a return on equity (ROE) of 14.05%, which is considered strong within its sector. However, the stock’s valuation remains elevated, trading at a price-to-book value of 5.2, which is expensive relative to its historical peer averages. This valuation premium persists even as the stock trades at a discount compared to its peers’ average historical valuations.
Comparative Performance and Market Position
Over the past year, Medi Assist Healthcare Services Ltd has generated a negative return of 27.72%, while its profits have increased modestly by 5%. This divergence between earnings growth and share price performance suggests market concerns over other factors impacting the stock’s valuation.
Long-term performance has also been below par. The stock has underperformed the BSE500 index over the last three years, one year, and three months, indicating persistent relative weakness. This underperformance is reflected in the stock’s current trading levels, which have reached historic lows.
Summary of Key Financial and Market Indicators
The combination of rising interest expenses, reduced core profitability, and a high valuation multiple amid declining share price has contributed to the stock’s current status. The downgrade to a Strong Sell Mojo Grade on 2 Dec 2025 reflects these deteriorating fundamentals and market sentiment.
Trading below all major moving averages and recording consecutive days of losses, the stock’s technical and fundamental indicators align to portray a challenging environment for Medi Assist Healthcare Services Ltd.
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Industry and Sector Context
Medi Assist Healthcare Services Ltd is positioned within the insurance sector, which has experienced mixed performance in recent periods. While the sector has shown resilience, the company’s stock has lagged behind, reflecting company-specific factors rather than broader industry trends.
The stock’s market cap grade of 3 places it in the small-cap category, which often entails higher volatility and sensitivity to financial metrics such as interest costs and profitability margins. The company’s ability to sustain its ROE of 14.05% is a positive fundamental indicator, yet it has not translated into share price appreciation.
Conclusion
Medi Assist Healthcare Services Ltd’s fall to an all-time low of Rs.397.25 marks a significant point in its market journey, underscored by a combination of elevated interest expenses, declining core profitability, and a high valuation multiple. The stock’s underperformance relative to the Sensex and its sector peers over multiple time frames highlights the severity of its current market position.
Trading below all major moving averages and with a Strong Sell Mojo Grade, the stock reflects a challenging environment for shareholders. While the company maintains a strong ROE, the market has responded with a marked decline in share price, culminating in the historic low observed today.
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