MakeMyTrip Limited MMYT

46.75 (0.12) (0.26%) as of 25 Sep
Market cap
$4.4B
P/E
134×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 23.94%

Capital & Financial Ratios

Market Cap 4,410.00
Revenue 1,060.72
Net Income 34.97
Free Cash Flow 167.40
Net Debt 659.19
Current Ratio 3.13
Debt/Equity (24.20)
P/E ratio 133.57
P/S ratio 4.27
P/B ratio 0.00
Past 5Y EPS Growth 45.67%
This Y EPS Growth 10.79%
Next Y EPS Growth 97.70%
Next 5Y EPS Growth 56.62%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2024 2025 2026 Q'26
Cash 607 761 765 776
Receivables 92 141 163 187
Inventory 0 0 1 0
Other 158 163 118 127
857 1,065 1,046 1,090
2024 2025 2026 Q'26
Payables 119 147 136 158
ST’ Debt 5 222 6 6
Other 174 207 201 183
298 577 343 349
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 12.00% 44.90% 20.75%
Cash Flow 0.00% 23.12% 78.28%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 0.00%

Revenue

Jun Sep Dec Mar Year
’26 286 — — — —
’26 269 229 296 250 1,044
’25 255 211 267 245 978
’24 197 169 214 203 783
’23 143 131 171 149 593
’22 33 67 115 89 304
’21 6 21 57 79 163
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Jun Sep Dec Mar Year
’26 27 — — — —
’26 42 49 46 46 183
’25 72 36 (11) 88 185
’24 37 18 72 (1) 126
’23 (8) 5 (8) 44 32
’22 (32) 34 5 (2) 6
’21 7 25 31 1 65
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Jun Sep Dec Mar Year
’26 27 — — — —
’26 42 49 46 33 169
’25 72 36 (11) 77 174
’24 37 18 72 (14) 113
’23 (8) 5 (8) 28 16
’22 (32) 34 5 (14) (7)
’21 7 25 25 (7) 56
in millions of $ · fiscal quarters ending in the months shown

EPS

Jun Sep Dec Mar Year
’26 0.09 — — — —
’26 0.22 (0.06) 0.07 0.24 0.36
’25 0.19 0.16 0.23 0.25 0.83
’24 0.17 0.02 0.22 1.26 1.74
’23 (0.09) (0.06) 0.00 0.05 (0.10)
’22 (0.22) (0.07) (0.08) (0.04) (0.42)
’21 (0.32) (0.20) (0.03) 0.03 (0.52)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
22.40 19.66 20.82 10.00 22.96 20.06 22.50 43.31 69.69 32.67

Analyst estimates 2027–2029

Powerpack
Low Price
40.90 41.70 32.30 30.13 39.02 34.68 47.39 123.00 122.35 85.37
High Price
4,000 3,051 3,450 3,960 3,256 3,338 4,090 4,576 5,122 5,507
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
448 675 486 512 163 304 593 783 978 1,044
Revenue
61.15% 73.95% 64.32% 69.83% 86.35% 80.67% 70.06% 73.12% 74.80% 76.93%
Gross Margin
(110) (220) (169) (448) (61) (47) (12) 93 116 78
EBT
(24.60%) (32.60%) (34.70%) (87.49%) (37.05%) (15.36%) (2.05%) 11.88% 11.85% 7.51%
EBT Margin
(110) (220) (168) (448) (56) (46) (11) 217 95 52
Net Income
15 30 27 34 33 29 27 27 27 28
Depreciation
8.51 6.73 4.67 4.86 1.53 2.80 5.41 7.04 8.69 10.24
Revenue/Sh
(2.09) (2.18) (1.61) (4.26) (0.52) (0.42) (0.10) 1.95 0.84 0.51
Earnings/Sh
(2.06) (1.25) (0.76) (1.07) 0.60 0.06 0.29 1.13 1.65 1.79
Cash Flow/Sh
(0.28) (0.12) (0.09) (0.12) (0.08) (0.12) (0.15) (0.11) (0.10) (0.13)
Capex/Sh
(2.34) (1.37) (0.85) (1.19) 0.53 (0.06) 0.14 1.02 1.55 1.66
Free CF/Sh
26.72 15.53 13.05 8.20 8.34 8.26 7.99 10.05 10.73 (0.57)
Book Value/Sh
53 100 104 105 107 108 110 111 113 102
Shares
0.00 0.00 0.00 0.00 0.00 0.00 0.00 36.62 115.28 76.10
PE Ratio
4.07 4.82 5.90 2.46 20.64 9.58 4.52 10.14 11.28 3.64
PS Ratio
1.30 2.09 2.11 1.46 3.78 3.25 3.06 7.11 9.13 0.00
PB Ratio
3.67 4.24 5.26 2.18 19.28 8.72 4.11 9.64 10.74 4.26
EV/Sales
(12.99) (19.10) (20.28) (7.61) 84.56 (110.48) (212.00) 99.49 79.35 34.43
EV/FCF
(108) (125) (79) (113) 65 6 32 126 185 183
Op' Cash Flow
(15) (12) (10) (13) (8) (13) (16) (12) (11) (13)
Capex
(123) (137) (88) (125) 56 (7) 16 113 174 169
FCF
129 341 236 99 307 400 218 560 489 703
Working Cap'
1 1 1 26 204 217 235 222 236 1,406
Total Debt
(176) (389) (311) (142) (221) (261) (246) (385) (525) 640
Net Debt
1,405 1,559 1,357 862 891 896 876 1,116 1,208 (58)
Sh' Equity
(11.32%) (13.20%) (10.06%) (33.75%) (4.65%) (3.45%) (0.84%) 14.36% 5.45% 2.89%
ROA
(6.89%) (11.72%) (9.14%) (37.27%) (6.31%) (2.99%) 2.34% 5.57% 10.97% 16.75%
ROIC
(14.86%) (14.74%) (11.50%) (40.35%) (6.35%) (5.08%) (1.28%) 21.76% 8.18% 9.01%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

MakeMyTrip Limited (MMYT) key facts

  • MakeMyTrip Limited (MMYT) is a Travel Services company in the Consumer Cyclical sector, listed on Nasdaq.
  • MakeMyTrip Limited’s revenue for fiscal 2026 (year ended March 2026) was $1.0 billion, up 6.71% from fiscal 2025.
  • As of September 25, 2026, MMYT traded at $46.75, a market capitalization of $4.4 billion.
  • Return on equity was 9.01% and debt-to-equity -24.20.

Source: company filings (standardised) and stockrow calculations.

MakeMyTrip Limited (MMYT) Latest News

News by impact score

Fine-tune

10 Aug

3 transcript

MakeMyTrip Limited held its Q1 2027 earnings call, covering financial results, business updates and forward outlook. Quarterly earnings calls provide performance metrics and guidance that can move market views but rarely shift long-term strategy.

6 Aug

3

MakeMyTrip reported mixed Q1 results, raising questions on whether the stock remains undervalued. Mixed quarterly earnings directly affect near-term financial perceptions and stock valuation.

4 Aug

3 transcript

MakeMyTrip Limited held its Q1 2027 earnings call covering quarterly financial results, operational metrics, and forward guidance. Earnings call delivers updated financials and outlook that moderately shift near-term investor sentiment and valuation.

3 Aug

4

MakeMyTrip Limited stock surges sharply higher amid positive developments driving investor interest. Sharp stock surge signals major positive event likely to alter near-term trajectory and sentiment.

3 transcript

MakeMyTrip Q1 earnings call highlighted financial results, revenue growth, and management outlook on travel demand recovery along with cost management initiatives. Q1 earnings details and guidance offer moderate insight into near-term financial trajectory and operational priorities.

13 Jun

4

MakeMyTrip discusses potential combination with Yatra, centering attention on combined growth plans and updated company valuation metrics. Potential combination talks directly target MakeMyTrip growth strategy and valuation, likely shifting investor expectations and market trajectory.

20 May

4 transcript

MakeMyTrip Ltd posted strong Q4 2026 growth during its earnings call despite ongoing geopolitical challenges. Strong Q4 2026 earnings growth signals major positive shifts for MakeMyTrip performance and investor sentiment.

4 transcript

MakeMyTrip Limited held its Q4 2026 earnings call covering quarterly results, revenue, profitability, and forward guidance. Earnings call discloses key financial metrics and strategy updates that directly move stock valuation and investor outlook.

3

MakeMyTrip shares fell 7.8 percent after reporting mixed FY26 earnings, pressured by travel disruptions and ongoing investments. Mixed earnings under disruptions create moderate short-term pressure while investments may support gradual recovery.

19 May

3

MakeMyTrip Q4 earnings results featured key financial metrics compared against analyst estimates. Q4 earnings metrics versus estimates can shift near-term investor views on MakeMyTrip performance.

3

MakeMyTrip Q4 earnings call highlighted revenue growth, margin expansion, and strategic focus on travel recovery plus new market initiatives. Q4 earnings updates and guidance provide performance details and outlook that moderately influence near-term stock movement and sentiment.

24 Apr

4

MakeMyTrip Limited (MMYT) released an update outlining its strategic priorities. Strategic priorities update indicates major directional shifts with significant potential to alter trajectory and investor sentiment.

16 Apr

3

Wall Street analysts maintain bullish views on MakeMyTrip Limited (MMYT), sparking debate on its investment merits amid positive outlooks. Bullish Wall Street views on MMYT could moderately enhance investor sentiment and near-term market performance.

18 Mar

3

Wall Street analysts express optimism about MakeMyTrip (MMYT), questioning if the stock represents a buy opportunity amid positive outlooks. Analyst optimism can moderately boost investor sentiment and short-term market performance without fundamentally altering long-term trajectory.

16 Mar

4

MakeMyTrip Limited (MMYT) stock plunged 21% in six months amid debates on whether investors should buy, sell, or hold. MMYT's 21% stock plunge over six months signals significant negative shifts in market dynamics and investor sentiment, potentially altering its trajectory.

25 Feb

4

Analysts reset the investment story for MakeMyTrip Limited (MMYT) as price targets rise and key assumptions shift positively amid strong travel demand recovery in India. Shifts in price targets and assumptions represent major updates to MMYT's valuation and growth outlook, likely boosting investor sentiment and stock performance.

18 Feb

4

MakeMyTrip Limited deepens its AI-first strategy via collaboration with OpenAI to enhance travel services through advanced AI integration. OpenAI partnership enables major AI enhancements in personalization and operations, significantly boosting competitive edge and investor interest.

10 Feb

4

MakeMyTrip Limited has partnered with Minor Hotels to enhance premium accommodation options for Indian travelers. This collaboration aims to expand the range of luxury stays available, catering to the growing demand for high-end travel experiences in India. The initiative is expected to attract more affluent customers and strengthen MakeMyTrip's position in the competitive travel market. The partnership with Minor Hotels is a significant strategic move that could enhance MakeMyTrip's competitive positioning and attract a new customer segment.

26 Jan

4 transcript

MakeMyTrip Limited (MMYT) reported strong growth in air ticketing during Q3 2026, highlighting a significant increase in revenue and customer engagement. The company attributed this growth to enhanced operational efficiencies and strategic marketing initiatives. Additionally, MMYT is focusing on expanding its service offerings to capture a larger market share in the travel sector. Overall, the earnings call emphasized a positive outlook for the company's future performance. Strong growth in air ticketing and strategic initiatives are likely to significantly impact future performance and investor sentiment.

22 Jan

3

MakeMyTrip Limited (MMYT) shares fell 14.5% following an earnings miss and the completion of a buyback program. The company's recent financial performance did not meet market expectations, leading to a decline in investor confidence. The buyback, while a positive move, was overshadowed by the disappointing earnings report, raising concerns about future growth and profitability. Earnings misses can moderately influence investor sentiment and financial performance, but the buyback completion may provide some support.

21 Jan

4

MakeMyTrip Limited (MMYT) reported its Q3 earnings, showcasing key metrics that reflect the company's performance in the travel sector. The results indicate growth in revenue and customer bookings, driven by increased travel demand post-pandemic. The company also highlighted improvements in operational efficiency and customer engagement, positioning itself favorably in a competitive market. Analysts are optimistic about MMYT's future prospects, citing strategic initiatives aimed at enhancing user experience and expanding service offerings. Significant growth in revenue and customer bookings indicates a strong recovery and strategic positioning in the travel market.

4

MakeMyTrip Limited (MMYT) reported its Q3 earnings, surpassing analysts' estimates. The company showed strong growth in revenue and improved profitability, driven by increased travel demand and effective cost management strategies. This positive performance reflects the recovery in the travel sector and positions MMYT favorably for future growth. Investors reacted positively to the results, indicating confidence in the company's trajectory. Surpassing earnings estimates and demonstrating strong growth signals significant positive momentum for the company's future performance.

4

MakeMyTrip Limited reported its Q3 earnings, showcasing significant growth in revenue and bookings. The company highlighted a strong recovery in travel demand, driven by increased domestic and international travel. Management emphasized strategic initiatives aimed at enhancing customer experience and expanding market presence. The outlook for the upcoming quarters remains positive, with expectations of continued growth as travel restrictions ease and consumer confidence returns. Strong recovery in travel demand and strategic initiatives are likely to significantly impact future performance.

4 transcript

MakeMyTrip Limited reported its Q3 2026 earnings, showcasing a significant increase in revenue driven by a surge in travel demand post-pandemic. The company highlighted improvements in operational efficiency and customer engagement, leading to a positive outlook for the upcoming quarters. Management emphasized strategic initiatives aimed at enhancing user experience and expanding market presence. Despite challenges in the competitive landscape, the overall performance exceeded market expectations, reinforcing investor confidence. The earnings report indicates significant revenue growth and strategic initiatives that could alter the company's trajectory and investor sentiment.

4

MakeMyTrip Limited reported its fiscal Q3 earnings, showcasing a significant increase in revenue driven by a rebound in travel demand. The company highlighted improvements in its hotel and holiday packages segments, contributing to overall growth. Despite challenges in the competitive landscape, MakeMyTrip remains optimistic about future performance, bolstered by strategic initiatives and a focus on enhancing customer experience. The earnings report reflects a positive trend in the travel industry as consumer confidence returns. The earnings report indicates significant growth and strategic initiatives that could alter the company's trajectory and investor sentiment.

15 Jan

3

MakeMyTrip Limited (MMYT) shares declined despite overall market gains, attributed to concerns over rising competition and potential impacts on profitability. Analysts noted that the company's recent performance may not meet investor expectations, leading to a sell-off. The travel sector is facing challenges, including fluctuating demand and pricing pressures, which could further affect MMYT's market position. Investors are advised to monitor these developments closely as they may influence future stock performance. Rising competition and profitability concerns are expected to moderately influence MakeMyTrip's financial performance and market positioning.

14 Jan

3

MakeMyTrip Limited (MMYT) has experienced a recent pullback in share prices, prompting discussions about its future performance and market position. Analysts are evaluating whether this decline presents a buying opportunity or signals deeper issues within the company. Factors such as competitive pressures, market dynamics, and financial health are being considered as investors reassess their strategies regarding MMYT. The share price pullback indicates potential concerns that may moderately influence investor sentiment and financial performance.

13 Jan

3

MakeMyTrip Limited has announced a repurchase right notification for its 0.00% Convertible Senior Notes due in 2028. This notification allows noteholders to sell their notes back to the company under specified conditions, potentially impacting the company's financial structure and liquidity. The repurchase of convertible notes may moderately influence the company's financial performance and investor sentiment.

9 Jan

3

MakeMyTrip Limited (MMYT) experienced a decline in stock price despite overall market gains. Factors contributing to this drop include concerns over rising competition in the travel sector and potential impacts from economic fluctuations. Analysts are closely monitoring the company's performance metrics and strategic initiatives as they assess future growth prospects. Rising competition and economic concerns may moderately influence MakeMyTrip's financial performance and market positioning.

6 Jan

4

MakeMyTrip Limited (MMYT) has outperformed the market, driven by strong demand for travel services and strategic initiatives. The company reported increased bookings and revenue growth, reflecting a rebound in the travel sector post-pandemic. Key factors contributing to this rise include enhanced customer experience, technological advancements, and effective marketing strategies. Analysts remain optimistic about MMYT's future performance, citing its competitive positioning and market expansion efforts. Strong demand and strategic initiatives are likely to significantly impact future performance and investor sentiment.

stockrow.com/MMYT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com