Stock Performance and Market Context
On the trading day, Medi Assist Healthcare Services Ltd opened with a gap down of 2.54%, continuing its downward trajectory to touch an intraday low of Rs.392.05, representing a 2.54% decline from the previous close. The stock’s day change stood at -2.18%, underperforming the insurance sector by 1.11%. This decline contrasts with the broader market’s positive momentum, as the Sensex recovered from an initial negative opening to close 0.35% higher at 81,006.97 points.
Despite the Sensex’s recovery, led by mega-cap stocks, Medi Assist’s shares remain below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning underscores the stock’s sustained weakness relative to market benchmarks.
Long-Term and Recent Performance Metrics
Over the past year, Medi Assist Healthcare Services Ltd has delivered a total return of -32.52%, significantly lagging the Sensex’s 4.46% gain over the same period. The stock’s 52-week high was Rs.594.40, indicating a substantial decline of approximately 34% from its peak. Furthermore, the company’s performance has been below par not only in the last year but also over the preceding three years and the recent three-month period, underperforming the BSE500 index consistently.
While the stock price has declined, the company’s profits have shown a modest increase of 5% over the last year, suggesting some resilience in earnings despite the share price pressure. However, this has not translated into positive market sentiment or valuation support.
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Valuation and Financial Ratios
Medi Assist Healthcare Services Ltd currently trades at a price-to-book value of 5.1, which is considered very expensive relative to its peers and historical averages. This elevated valuation multiple contrasts with the company’s recent share price decline, indicating a disconnect between market pricing and fundamental metrics.
The company’s return on equity (ROE) stands at 14.05%, reflecting solid long-term fundamental strength. Despite this, the stock’s Mojo Score has deteriorated to 24.0, with a Mojo Grade of Strong Sell as of 2 December 2025, downgraded from a previous Sell rating. The market capitalisation grade remains low at 3, signalling limited market confidence in the stock’s near-term prospects.
Profitability and Interest Coverage
Interest expenses for the nine-month period have surged to Rs.16.73 crores, representing a growth of 182.12%. This sharp increase in interest costs has exerted pressure on the company’s operating profit to interest ratio, which has fallen to a low of 5.23 times in the most recent quarter. Additionally, profit before tax excluding other income (PBT less OI) declined by 51.0% to Rs.11.19 crores compared to the previous four-quarter average, highlighting challenges in maintaining profitability margins.
These financial indicators contribute to the stock’s current valuation challenges and have influenced the recent downgrade in its Mojo Grade.
Sector and Market Comparison
Within the insurance sector, Medi Assist Healthcare Services Ltd’s share price performance has lagged behind sector averages and broader market indices. While the Sensex has shown resilience, supported by mega-cap stocks, Medi Assist’s shares have not participated in the market’s upward momentum. The stock’s underperformance relative to the sector by 1.11% on the day of the new low further emphasises its relative weakness.
Trading below all major moving averages, the stock’s technical indicators suggest continued downward pressure, with no immediate signs of reversal based on current market data.
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Summary of Key Metrics
The stock’s 52-week low of Rs.392.05 marks a significant milestone in its recent price trajectory, down from a high of Rs.594.40 within the last year. The 1-year return of -32.52% contrasts sharply with the Sensex’s positive 4.46% performance. Despite a modest 5% increase in profits over the year, the company faces elevated interest costs and a reduced operating profit to interest coverage ratio.
With a Mojo Grade of Strong Sell and a low market cap grade, the stock’s valuation and financial metrics reflect ongoing challenges in the insurance sector and company-specific factors. The stock’s position below all major moving averages further underscores the current bearish sentiment.
Long-Term Fundamental Strength
Notwithstanding recent price declines, Medi Assist Healthcare Services Ltd maintains a respectable average ROE of 14.05%, indicating underlying business strength over the long term. This fundamental metric suggests that the company has maintained profitability and efficient capital utilisation despite market headwinds.
Conclusion
The new 52-week low for Medi Assist Healthcare Services Ltd at Rs.392.05 reflects a confluence of valuation pressures, rising interest expenses, and relative underperformance against sector and market benchmarks. While the company’s long-term fundamentals remain sound, current market indicators and financial ratios point to continued caution among investors.
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