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.

Revenue
+2.54%
EPS
+130.5%
Free cash flow
+3.81%
Total debt
+5.58%

Quarter to September 2026, against a year earlier

51.29 0.54 +1.06%
Market cap
$4.8B
P/E
120×
Fwd P/E
123×
Dividend yield
—
F-score
7/9
Altman Z
0.40
Beneish M
−3.40
Dividend safety
n/a

MakeMyTrip Limited (MMYT) Free cash flow margin

Alert me on Free cash flow margin

MakeMyTrip Limited's free cash flow margin over the twelve months to 30 September 2026 was 15.9%, down 0.4 percentage points from fiscal 2026 (16.2%). Over the past ten years it has ranged from −27.6% (fiscal 2017) to 34.4% (fiscal 2021); the current reading is higher than 83% of that period. That is above the Travel Services industry median of 7.89% and above the Consumer Cyclical sector median of 3.20%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2026 16.2% (1.56)
FY2025 17.8% 3.30
FY2024 14.5% 11.83
FY2023 2.65% 4.82
FY2022 −2.17% (36.54)
FY2021 34.4% 58.88
FY2020 −24.5% (6.31)
FY2019 −18.2% 2.12
FY2018 −20.3% 7.24
FY2017 −27.6% (4.68)

Against its own ten years

Low −27.6% High 34.4%
Ten-year median −0.44%
Current reading's percentile 83

Free cash flow margin against peers

Company Free cash flow margin
EXPE Expedia Group, Inc. compare 23.1%
VIK Viking Holdings Ltd. compare 16.6%
MMYT MakeMyTrip Limited 15.9%
LIND Lindblad Expeditions compare 11.2%
TNL Travel + Leisure Co. compare 10.3%
TCOM Trip.com Group Limited Sponsored ADR compare 0.00%
PRSU Pursuit Attractions and Hospitality, Inc. compare −1.13%
TRIP TripAdvisor, Inc. compare −3.04%
NCLH Norwegian Cruise Line Holdings Ltd. compare −5.55%
Travel Services industry median 7.89%
Consumer Cyclical sector median 3.20%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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