Stock Price Movement and Market Context
On 3 Feb 2026, Medi Assist Healthcare Services Ltd recorded its lowest price in the last 52 weeks at Rs.385.15. Despite opening with a gap up of 2.45%, the stock ultimately declined to this new low. The intraday high reached Rs.406.60, representing a 4.14% gain during the session, but the closing price settled at the low point. The stock outperformed its sector, Miscellaneous Insurance, which gained 2.88% on the day, by 1.24% in relative terms.
Technical indicators show the stock trading above its 5-day moving average but below its 20-day, 50-day, 100-day, and 200-day moving averages, signalling a short-term support level but longer-term downward pressure. The broader market, represented by the Sensex, experienced a volatile session, opening 3,656.74 points higher but closing down by 1,314.46 points at 84,008.74, a 2.87% decline. The Sensex remains 2.56% below its 52-week high of 86,159.02, with mega-cap stocks leading the market.
Performance Overview and Valuation Metrics
Over the past year, Medi Assist Healthcare Services Ltd has delivered a negative return of -27.03%, significantly underperforming the Sensex, which posted an 8.84% gain over the same period. The stock’s 52-week high was Rs.594.40, highlighting the extent of the recent decline. The company’s market capitalisation grade stands at 3, reflecting a mid-tier valuation relative to peers.
Despite the stock’s price decline, the company’s profits have shown a modest increase of 5% over the last year. However, this has not translated into positive returns for shareholders. The return on equity (ROE) remains steady at 14.05%, indicating consistent profitability on shareholder funds. Nevertheless, the stock’s price-to-book value ratio of 5 suggests a relatively expensive valuation compared to historical averages and peer companies, which may be contributing to the subdued market sentiment.
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Financial Health and Profitability Indicators
The company’s interest expense over the past nine months has risen sharply to Rs.16.73 crores, representing a growth of 182.12%. This increase in interest costs has impacted profitability metrics, with the operating profit to interest ratio falling to a low of 5.23 times. The profit before tax excluding other income (PBT less OI) for the most recent quarter stood at Rs.11.19 crores, reflecting a decline of 51.0% compared to the previous four-quarter average.
These figures highlight the pressure on earnings from financing costs and core business performance. While the company maintains a strong long-term fundamental profile, as evidenced by its average ROE of 14.05%, recent quarters have seen a deterioration in profit margins and earnings growth.
Relative Performance and Sector Comparison
In addition to underperforming the Sensex, Medi Assist Healthcare Services Ltd has lagged behind the BSE500 index over the last three years, one year, and three months. This sustained underperformance indicates challenges in maintaining competitive positioning within the insurance sector. The sector itself has shown resilience, with the miscellaneous insurance segment gaining 2.88% on the day of the stock’s new low.
The stock’s Mojo Score currently stands at 19.0, with a Mojo Grade of Strong Sell, upgraded from Sell on 2 Dec 2025. This grading reflects the combination of valuation concerns, rising interest costs, and subdued earnings growth. The market’s reaction to these factors has been reflected in the stock’s price decline to its new 52-week low.
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Summary of Key Metrics
Medi Assist Healthcare Services Ltd’s recent stock price movement to Rs.385.15 marks a significant low point in its trading history, down from a 52-week high of Rs.594.40. The stock’s one-year return of -27.03% contrasts with the Sensex’s positive 8.84% return, underscoring the stock’s relative weakness. Rising interest expenses and a decline in quarterly profit before tax excluding other income have contributed to the current valuation pressures.
Despite these challenges, the company’s long-term return on equity remains solid at 14.05%, and profits have increased modestly by 5% over the past year. The stock’s price-to-book ratio of 5 indicates a valuation premium relative to peers, which may be a factor in its recent price correction.
Overall, the stock’s performance reflects a combination of financial pressures and market dynamics within the insurance sector, resulting in its current 52-week low price level.
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