Medi Assist Healthcare Services Limited (MEDIASSIST.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+71.6%

₹490.04

vs ₹285.55 price

Levered DCF

₹306.33

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.4

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	24.44×	36.6×	52.43×	43.13×	49.74×	118.39×	82×	94.14×
P/B	2.56×	6.14×	7.44×	8.49×	9.48×	11.01×	13.01×	11.39×
P/S	2.37×	4.6×	5.53×	6.33×	8.11×	9.9×	8.63×	8.96×
EV / EBITDA	11.83×	19.38×	26.67×	23.77×	28.64×	32.5×	36.72×	31.14×
Gross margin	56.4%	57.7%	41.3%	41.9%	50.3%	34.7%	57.7%	59.2%
Operating margin	10.8%	13.6%	15.1%	20.7%	16.7%	20.7%	57.7%	58.2%
Net margin	9.7%	12.6%	10.5%	14.7%	16.3%	8.1%	10.5%	9.5%
Current ratio	1.34×	1.49×	1.5×	1.59×	1.81×	1.69×	1.02×	1.11×
Debt / equity	0.06×	0.38×	0.06×	0.08×	0.08×	0.12×	0.54×	0.45×
Interest coverage	4.55×	9.55×	30.76×	35.17×	22.24×	14.04×	0×	47.73×
Dividend yield	0.0%	0.8%	0.4%	0.4%	0.5%	0.0%	0.0%	0.0%
Payout ratio	0.0%	31.0%	19.4%	17.6%	26.8%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.5%	16.8%	14.2%	19.7%	19.0%	9.0%	15.9%	12.0%
Return on invested capital	10.2%	10.1%	14.9%	17.3%	13.7%	12.4%	35.1%	33.9%
Return on assets	6.4%	7.8%	7.9%	10.5%	10.7%	4.8%	6.0%	5.0%
Free cash flow yield	2.4%	2.8%	1.4%	1.7%	1.6%	3.8%	-0.1%	0.9%
Earnings yield	4.1%	2.7%	1.9%	2.3%	2.0%	0.8%	1.2%	1.1%
Enterprise value	₹21.2B	₹34.5B	₹34.8B	₹31.7B	₹32.1B	₹31.7B	₹28.5B	₹25.7B
Net debt / EBITDA	-0.18×	0.68×	-0.19×	-0.19×	0.11×	-0.29×	1.3×	1.07×
Cash conversion cycle (days)	73	75	101	65	73	95	59	26