MakeMyTrip Limited

MMYT Consumer Cyclical Travel Services

MakeMyTrip Limited’s revenue for fiscal 2026 (year ended March 2026) was $1.0 billion, up 6.71% from fiscal 2025. In the quarter to June 2026, revenue grew 6.22%, EPS fell 60.9%, free cash flow fell 36.2% and total debt rose 5.59%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

46.60 0.18 −0.38%
Market cap
$4.4B
P/E
133×
Fwd P/E
82.6×
Dividend yield
—
F-score
7/9
Altman Z
0.40
Beneish M
−3.40
Dividend safety
n/a
Mar '17 Mar '18 Mar '19 Mar '20 Mar '21 Mar '22 Mar '23 Mar '24 Mar '25 Mar '26
Piotroski F-Score
4 4 2 3 5 6 5 6 6 7
P/E ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 36.62 115.28 76.10
Altman Z-Score
7.67 9.92 7.65 1.21 3.79 3.33 2.75 8.86 11.03 0.40
P/S ratio
4.07 4.82 5.90 2.46 20.64 9.58 4.52 10.14 11.28 3.64
Altman Z″-Score (non-manufacturers)
9.92 7.40 5.61 (1.42) 0.43 1.05 0.13 2.63 2.58 (2.00)
P/FCF ratio
0.00 0.00 0.00 0.00 90.49 0.00 0.00 104.56 83.31 29.46
Beneish M-Score
(1.31) (2.55) (2.62) (4.05) (3.53) (2.07) (1.73) (1.91) (2.35) (3.40)
P/Operating CF
(29.18) (138.98) 216.41 (24.04) 3,903.53 (1,700.92) 60.51 (6,517.82) 125.60 81.88
P/B ratio
1.30 2.09 2.11 1.46 3.78 3.25 3.06 7.11 9.13 0.00
EV/Sales
3.67 4.24 5.26 2.18 19.28 8.72 4.11 9.64 10.74 4.26
EV/EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 103.26 115.73 87.65 28.48
EV/FCF
(12.99) (19.10) (20.28) (7.61) 84.56 (110.48) (212.00) 99.49 79.35 34.43
Current Ratio
1.96 2.70 2.15 1.55 2.58 3.09 1.48 2.88 1.85 3.05
Net Debt/EBITDA
1.46 2.05 2.47 0.36 6.37 258.81 (4.84) (4.17) (3.57) 3.48
Debt/Equity
0.00 0.00 0.00 0.03 0.23 0.24 0.27 0.20 0.20 (24.04)
ROE
(14.86%) (14.74%) (11.50%) (40.35%) (6.35%) (5.08%) (1.28%) 21.76% 8.18% 9.01%
ROA
(11.32%) (13.20%) (10.06%) (33.75%) (4.65%) (3.45%) (0.84%) 14.36% 5.45% 2.89%
ROIC
(6.89%) (11.72%) (9.14%) (37.27%) (6.31%) (2.99%) 2.34% 5.57% 10.97% 16.75%
Return on Tangible Assets
(76.44%) (61.65%) (67.22%) (331.33%) (16.90%) (10.82%) (4.65%) 37.02% 18.46% 7.15%
Average Days of Receivables
28.63 30.48 39.95 38.11 56.23 43.13 42.37 42.89 52.66 56.99
Earnings Yield
(6.06%) (6.73%) (5.88%) (35.45%) (1.65%) (1.53%) (0.41%) 2.73% 0.87% 1.31%
Free Cash Flow Yield
(6.95%) (4.61%) (4.39%) (11.66%) 1.11% (0.82%) (0.43%) 0.96% 1.20% 3.39%
Free Cash Flow per Share
(2.34) (1.37) (0.85) (1.19) 0.53 (0.06) 0.14 1.02 1.55 1.66
Book value per Share
26.72 15.53 13.05 8.20 8.34 8.26 7.99 10.05 10.73 (0.57)
Free Cash Flow
(123.34) (137.24) (88.47) (125.37) 56.18 (6.61) 15.72 113.31 173.96 169.30
EV/EBIT
0.00 0.00 0.00 0.00 0.00 0.00 103.26 115.73 87.65 28.48
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