Medi Assist Healthcare Services Ltd Hits All-Time Low Amidst Continued Downtrend

Intraday and Recent Price Movements

On 2 Feb 2026, Medi Assist Healthcare Services Ltd opened with a gap down of -2.54%, touching an intraday low of Rs.392.05, which represents its lowest price ever recorded. The stock closed the day with a decline of -1.02%, underperforming the Sensex, which gained 0.47% on the same day. Furthermore, the stock lagged its insurance sector peers by approximately 1% during the session.

Technical indicators reveal that the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish trend. This technical positioning underscores the stock’s current weakness relative to its historical price levels.

Performance Over Multiple Time Horizons

The stock’s recent performance paints a challenging picture. Over the past week, Medi Assist Healthcare Services Ltd has declined by 5.27%, compared to a modest 0.53% drop in the Sensex. The one-month performance shows a sharper fall of 14.77%, while the Sensex fell by 5.43% in the same period. Over three months, the stock has plummeted 30.13%, significantly underperforming the Sensex’s 3.38% decline.

Year-to-date figures also reflect a negative trend, with the stock down 13.39% against the Sensex’s 4.83% fall. The one-year performance is particularly stark, with Medi Assist Healthcare Services Ltd posting a -31.72% return, while the Sensex gained 4.64%. Over longer horizons, the stock has failed to generate any returns over three, five, and ten years, contrasting sharply with the Sensex’s respective gains of 35.33%, 62.87%, and 230.52%.

Financial Metrics and Valuation Insights

Medi Assist Healthcare Services Ltd’s financial indicators reveal a complex scenario. The company’s interest expense over the past nine months has surged by 182.12% to Rs.16.73 crores, indicating a significant rise in borrowing costs or financial obligations. Concurrently, the operating profit to interest ratio for the latest quarter stands at a low 5.23 times, the lowest recorded, suggesting tighter coverage of interest expenses by operating earnings.

Profit before tax excluding other income for the latest quarter has declined by 51.0% to Rs.11.19 crores compared to the previous four-quarter average, reflecting pressure on core profitability. Despite these headwinds, the company’s return on equity (ROE) remains at a moderate 14.05%, signalling some underlying fundamental strength.

Valuation metrics indicate that the stock is trading at a price-to-book value of 5.1, which is considered expensive relative to its peers’ historical averages. This elevated valuation contrasts with the stock’s recent price decline and subdued returns, highlighting a disconnect between market price and underlying fundamentals.

Comparative Performance and Market Position

When benchmarked against the BSE500 index, Medi Assist Healthcare Services Ltd has underperformed consistently over the last three years, one year, and three months. While the broader market indices have delivered positive returns, the stock has stagnated or declined, failing to keep pace with sectoral and market growth.

This underperformance is further emphasised by the company’s Mojo Score of 24.0 and a Mojo Grade of Strong Sell, which was downgraded from Sell on 2 Dec 2025. The market capitalisation grade stands at 3, reflecting a relatively modest market cap within its sector.

Sector and Industry Context

Medi Assist Healthcare Services Ltd operates within the insurance industry, a sector that has experienced varied performance dynamics in recent periods. Despite the company’s challenges, the insurance sector has generally maintained resilience, with many peers demonstrating stronger returns and more stable valuations. The stock’s relative underperformance within this context highlights the specific pressures faced by the company.

While the company’s fundamentals show some strengths, such as a consistent ROE, the combination of rising interest expenses, declining core profitability, and a stretched valuation multiple has contributed to the stock’s current price weakness.

Summary of Key Data Points

To summarise, Medi Assist Healthcare Services Ltd’s stock has:

• Hit an all-time low of Rs.392.05 on 2 Feb 2026
• Underperformed the Sensex and insurance sector across all recent time frames
• Experienced a 31.72% decline in share price over the past year
• Seen interest expenses rise by 182.12% over nine months
• Recorded a low operating profit to interest coverage ratio of 5.23 times in the latest quarter
• Reported a 51.0% fall in profit before tax excluding other income in the latest quarter
• Maintained a moderate ROE of 14.05% despite valuation at 5.1 times price-to-book
• Received a Strong Sell Mojo Grade as of 2 Dec 2025, downgraded from Sell

The stock’s performance and financial metrics collectively illustrate a period of considerable difficulty, reflected in its historic low price and relative market standing.

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