HealthAssure is a company based in Mumbai, Maharashtra, India, operating in the healthtech sector. Founded in 2011, it now employs 288 individuals. The company was established by Varun Gera.
HealthAssure Financial Highlights
Financial highlights of HealthAssure and a snapshot of its key metrics.
Total Revenue
22%
Prev FY
₹67.8 Cr
Total Expenses
50%
Prev FY
₹94.8 Cr
Profit After Tax
-246%
Prev FY
₹-27.0 Cr
Total Assets
144%
Prev FY
₹60.2 Cr
Net Profit Margin
-182%
Prev FY
-39.8%
Note: Above mentioned stats are for FY 2022-2023
HealthAssure Profit and loss Highlights
Profit and loss highlights of HealthAssure and a snapshot of its key metrics.
Total Revenue
22%
Prev FY
₹67.8 Cr
Total Expenses
50%
Prev FY
₹94.8 Cr
Profit Before Tax
-246%
Prev FY
₹-27.0 Cr
Profit After Tax
-246%
Prev FY
₹-27.0 Cr
Note: Above mentioned stats are for FY 2022-2023
Over Years
HealthAssure Profit & loss statement
Financial Year
Trend
2021
2022
2023
Revenue from Operations (₹)
41.4 Cr
53.8 Cr
66.8 Cr
Other Income (₹)
92.0 Lakh
1.4 Cr
1.0 Cr
Total Revenue (₹)
42.3 Cr
55.2 Cr
67.8 Cr
EXPENSES
Cost of Materials Consumed (₹)
27.1 Cr
37.2 Cr
48.9 Cr
Purchases of Stock in Trade (₹)
0.0
0.0
0.0
Changes in Inventory (₹)
0.0
0.0
0.0
Employee Benefit Expenses (₹)
11.9 Cr
17.2 Cr
31.6 Cr
Finance Costs (₹)
17.0 Lakh
15.0 Lakh
15.0 Lakh
Depreciation and Amortization (₹)
72.0 Lakh
66.0 Lakh
53.0 Lakh
Other Expenses (₹)
6.4 Cr
7.8 Cr
13.6 Cr
Total Expenses (₹)
46.2 Cr
63.0 Cr
94.8 Cr
Total Revenue Less Total Expenses (₹)
-3.9 Cr
-7.8 Cr
-27.0 Cr
Prior Period and Exceptional Items (₹)
0.0
0.0
0.0
Profit Before Tax (₹)
-3.9 Cr
-7.8 Cr
-27.0 Cr
TAX EXPENSES
Current Tax Expense (₹)
0.0
0.0
0.0
Deferred Tax Expense (₹)
0.0
0.0
0.0
Total Tax Expense (₹)
0.0
0.0
0.0
Net Movement in Regulatory Deferral Account Balances (₹)
0.0
0.0
0.0
Profit from Continuing Operations (₹)
-3.9 Cr
-7.8 Cr
-27.0 Cr
Profit from Discontinuing Operations After Tax (₹)
0.0
0.0
0.0
Net Profit/Loss After Tax (₹)
-3.9 Cr
-7.8 Cr
-27.0 Cr
Other Comprehensive Income (₹)
0.0
0.0
0.0
Total Comprehensive Income (₹)
0.0
0.0
0.0
Profit Before Extraordinary Items (₹)
-3.9 Cr
-7.8 Cr
-27.0 Cr
Extraordinary Items (₹)
0.0
0.0
0.0
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HealthAssure generated a total revenue of ₹94.8 Cr and incurred expenses of ₹94.8 Cr, resulting in a profit before tax of ₹-27.0 Cr for FY 2022-2023. After a total tax expense of ₹0.0, the profit after tax stood at ₹-27.0 Cr.
HealthAssure Balance Sheet Highlights
Balance Sheet highlights of HealthAssure and a snapshot of its key metrics.
Equity Share Capital
173%
Prev FY
₹8.3 Cr
Non Current Liability
21%
Prev FY
₹1.7 Cr
Current Liability
66%
Prev FY
₹38.5 Cr
Total Liability
64%
Prev FY
₹40.2 Cr
Non Current Assets
-57%
Prev FY
₹4.8 Cr
Current Assets
304%
Prev FY
₹55.4 Cr
Note: Above mentioned stats are for FY 2022-2023
HealthAssure Balance Sheet Table
Financial Year
Trend
2021
2022
2023
EQUITY & LIABILITIES
Equity Share Capital (₹)
3.0 Cr
3.0 Cr
8.3 Cr
Reserves & Surplus (₹)
4.5 Cr
-2.9 Cr
11.8 Cr
Money Received Against Share Warrants (₹)
0.0
0.0
0.0
Money Pending Allotment (₹)
0.0
0.0
0.0
Other Equity (₹)
0.0
0.0
0.0
NON-CURRENT LIABILITIES
FINANCIAL LIABILITIES
Borrowings (₹)
42.0 Lakh
28.0 Lakh
10.0 Lakh
Trade Payables (₹)
0.0
0.0
0.0
Other Financial Liabilities (₹)
0.0
0.0
0.0
Provisions (₹)
72.0 Lakh
1.1 Cr
1.6 Cr
Deferred Tax Liabilities (Net) (₹)
0.0
0.0
0.0
Other Liabilities (₹)
0.0
0.0
0.0
Total Non-current Liabilities (₹)
1.1 Cr
1.4 Cr
1.7 Cr
CURRENT LIABILITIES
FINANCIAL LIABILITIES
Borrowings (₹)
59.0 Lakh
1.2 Cr
1.4 Cr
Trade Payables (₹)
15.8 Cr
19.7 Cr
30.1 Cr
Other Financial Liabilities (₹)
0.0
0.0
0.0
Provisions (₹)
24.0 Lakh
32.0 Lakh
43.0 Lakh
Current Tax Liabilities (Net) (₹)
0.0
0.0
0.0
Other Liabilities (₹)
98.0 Lakh
1.8 Cr
6.6 Cr
Total Current Liabilities (₹)
17.6 Cr
23.0 Cr
38.5 Cr
Liabilities Associated with Assets in Disposal Group (₹)
0.0
0.0
0.0
Regulatory Deferral Account Credit Balances (₹)
0.0
0.0
0.0
Total Equity and Liabilities (₹)
26.3 Cr
24.6 Cr
60.2 Cr
ASSETS
NON-CURRENT ASSETS
Property Plant and Equipment (₹)
0.0
0.0
0.0
Capital Work in Progress (₹)
0.0
0.0
0.0
Investment Property (₹)
0.0
0.0
0.0
Goodwill (₹)
0.0
0.0
0.0
Intangible Assets (₹)
64.0 Lakh
35.0 Lakh
47.0 Lakh
Intangible Assets under Development (₹)
14.0 Lakh
31.0 Lakh
0.0
FINANCIAL ASSETS
Investments (₹)
13.0 Lakh
50.0 Lakh
50.0 Lakh
Trade Receivables (₹)
0.0
0.0
0.0
Loans (₹)
3.8 Cr
3.7 Cr
2.4 Cr
Other Financial Assets (₹)
0.0
5.7 Cr
63.0 Lakh
Deferred Tax Assets (Net) (₹)
0.0
0.0
0.0
Other Assets (₹)
0.0
0.0
0.0
Tangible Assets (₹)
62.0 Lakh
39.0 Lakh
79.0 Lakh
Total Non-current Assets (₹)
5.3 Cr
10.9 Cr
4.8 Cr
CURRENT ASSETS
Inventories (₹)
0.0
0.0
0.0
FINANCIAL ASSETS
Investments (₹)
34.0 Lakh
62.0 Lakh
1.3 Cr
Trade Receivables (₹)
4.5 Cr
5.6 Cr
7.2 Cr
Cash and Cash Equivalents (₹)
8.8 Cr
5.0 Lakh
2.9 Cr
Other Bank Balances with Banks (₹)
0.0
0.0
0.0
Loans (₹)
79.0 Lakh
85.0 Lakh
71.0 Lakh
Other Financial Assets (₹)
0.0
0.0
0.0
Current Tax Assets (₹)
0.0
0.0
0.0
Other Assets (₹)
6.5 Cr
6.6 Cr
43.4 Cr
Total Current Assets (₹)
21.0 Cr
13.7 Cr
55.4 Cr
NON-CURRENT ASSETS HELD FOR SALE (₹)
0.0
0.0
0.0
REGULATORY DEFERRAL ACCOUNT DEBIT BALANCES (₹)
0.0
0.0
0.0
TOTAL ASSETS (₹)
26.3 Cr
24.6 Cr
60.2 Cr
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As of FY 2022-2023, HealthAssure has an equity share capital of ₹8.3 Cr, total assets amounting to ₹60.2 Cr, and total liabilities of ₹40.2 Cr.
HealthAssure Cash Flow Highlights
Cash Flow highlights of HealthAssure and a snapshot of its key metrics.
Cash Balance (Beginning of year)
-94%
Prev FY
₹5.0 Lakh
Cash Flow (Operating Activities)
-8134%
Prev FY
₹-41.2 Cr
Cash Used (Investing Activities)
-100%
Prev FY
₹-1.1 Cr
Cash Used (Financing Activities)
12788%
Prev FY
₹45.1 Cr
Note: Above mentioned stats are for FY 2022-2023
HealthAssure Cash Flow Table
Financial Year
Trend
2021
2022
2023
CASH AND EQUIVALENTS AT THE BEGINNING
Cash flows from / used in investing activities (₹)
0.0
-57.0 Lakh
-1.1 Cr
Cash flows from / used in financing activities (₹)
0.0
35.0 Lakh
45.1 Cr
Adjustments for exchange rate changes (₹)
0.0
0.0
0.0
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For FY 2022-2023, HealthAssure maintained a cash balance of ₹5.0 Lakh, with cash flows from operations at ₹-41.2 Cr, investing activities at ₹-1.1 Cr, and financing activities at ₹45.1 Cr.
HealthAssure Financial Ratio Highlights
Financial Ratio highlights of HealthAssure and a snapshot of its key metrics.
Earning Per Share
97%
Prev FY
₹-134.8
Net Profit Margin
-182%
Prev FY
-39.8%
Return on Assets
-186%
Prev FY
₹-2.1K
Debt/Equity
-99%
Prev FY
0.4
Current Ratio
144%
Prev FY
1.4
Note: Above mentioned stats are for FY 2022-2023
HealthAssure Financial Ratios Table
Financial Year
Trend
2021
2022
2023
Total Debt/Equity Ratio (X)
0.3
25.6
0.4
Total Debt/Total Assets Ratio (X)
0.1
0.1
0.1
Total Assets/Equity Ratio (X)
3.5
188.4
3.0
Net Debt/Equity Ratio (X)
0.0
25.1
0.3
Quick Ratio (X)
0.8
0.3
0.3
Current Ratio (X)
1.2
0.6
1.4
Interest Coverage Ratio (X)
-22.5
-50.2
-174.1
Gross Margin (%)
34.6
30.8
26.8
Net Margin (%)
-9.3
-14.2
-39.8
EBITDA Margin (%)
-7.2
-12.7
-38.8
Return on Fixed Assets (₹)
-281.1
-748.8
-2.1K
Return on Equity (X)
-52.5
-6.0K
-134.8
Return on Capital Employed (X)
-83.0
0.0
-148.1
Fixed Asset Turnover (₹)
29.6
51.5
52.9
Days Receivables Outstanding
39.0
37.0
39.0
Days Payables Outstanding
172.0
159.0
175.0
Days of Inventory
0.0
0.0
0.0
Enterprise Value (₹)
0.0
0.0
0.0
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In FY 2022-2023, HealthAssure achieved a net profit margin of -39.84, earnings per share of ₹-134.79, a debt/equity ratio of 0.40, and a current ratio of 1.44.
FAQs on HealthAssure
What were HealthAssure's total revenue and profit for the latest financial year?
For FY 2022-2023, HealthAssure reported a total revenue of ₹67.8 Cr and a profit after tax of ₹-27.0 Cr, showcasing its financial performance and profitability.
How does the balance sheet of HealthAssure reflect its financial stability?
As of FY 2022-2023, HealthAssure has total assets of ₹60.2 Cr, total liabilities of ₹40.2 Cr, and equity share capital of ₹8.3 Cr, indicating its financial health and stability.
What insights can be gained from HealthAssure's cash flow management?
In FY 2022-2023, HealthAssure maintained a cash balance of ₹5.0 Lakh, with cashflows from operations at ₹-41.2 Cr, investing activities at ₹-1.1 Cr, and financing activities at ₹45.1 Cr, reflecting its cash management strategies.
What do the key financial ratios of HealthAssure indicate?
For FY 2022-2023,HealthAssure achieved a net profit margin of -39.84%, earning per share of ₹-134.8, and a debt/equity ratio of 0.4, and a current ratio of 1.4, offering insights into its profitability, leverage, and liquidity.
How has HealthAssure's financial performance evolved compared to previous year?
Compared to the previous year, HealthAssure experienced a 22.79% increase in total revenue and a -245.71% increase in profit after tax, highlighting its growth and change in profitability.
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