NASDAQ:MMYT qualifies as a high growth stock and is consolidating.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if MAKEMYTRIP LTD (NASDAQ:MMYT) is suited for growth investing, while it is forming a base and may be ready to breakout. Investors should of course do their own research, but we spotted MAKEMYTRIP LTD showing up in our growth with base formation screen, so it may be worth spending some more time on it.

Growth Analysis for NASDAQ:MMYT

To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NASDAQ:MMYT has achieved a 8 out of 10:

• The Earnings Per Share has grown by an impressive 1766.67% over the past year.
• MMYT shows a strong growth in Revenue. In the last year, the Revenue has grown by 31.95%.
• Measured over the past years, MMYT shows a quite strong growth in Revenue. The Revenue has been growing by 9.99% on average per year.
• Based on estimates for the next years, MMYT will show a very strong growth in Earnings Per Share. The EPS will grow by 27.71% on average per year.
• MMYT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.85% yearly.
• The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

How We Gauge Health for NASDAQ:MMYT

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:MMYT has achieved a 8 out of 10:

• MMYT has an Altman-Z score of 9.41. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
• MMYT's Altman-Z score of 9.41 is amongst the best of the industry. MMYT outperforms 98.51% of its industry peers.
• The Debt to FCF ratio of MMYT is 1.76, which is an excellent value as it means it would take MMYT, only 1.76 years of fcf income to pay off all of its debts.
• MMYT has a Debt to FCF ratio of 1.76. This is amongst the best in the industry. MMYT outperforms 84.33% of its industry peers.
• MMYT has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
• MMYT's Debt to Equity ratio of 0.20 is fine compared to the rest of the industry. MMYT outperforms 78.36% of its industry peers.
• A Current Ratio of 2.88 indicates that MMYT has no problem at all paying its short term obligations.
• MMYT has a Current ratio of 2.88. This is amongst the best in the industry. MMYT outperforms 94.03% of its industry peers.
• A Quick Ratio of 2.88 indicates that MMYT has no problem at all paying its short term obligations.
• The Quick ratio of MMYT (2.88) is better than 94.78% of its industry peers.

Profitability Insights: NASDAQ:MMYT

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:MMYT was assigned a score of 5 for profitability:

• The Return On Assets of MMYT (13.06%) is better than 88.06% of its industry peers.
• The Return On Equity of MMYT (19.52%) is better than 73.88% of its industry peers.
• MMYT has a better Profit Margin (27.71%) than 97.01% of its industry peers.
• With an excellent Gross Margin value of 72.51%, MMYT belongs to the best of the industry, outperforming 84.33% of the companies in the same industry.
• MMYT's Gross Margin has improved in the last couple of years.

Looking at the Setup

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:MMYT scores a 7 out of 10:

MMYT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 79.65, a Stop Loss order could be placed below this zone.

More Strong Growth stocks can be found in our Strong Growth screener.

Our latest full fundamental report of MMYT contains the most current fundamental analsysis.

Check the latest full technical report of MMYT for a complete technical analysis.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.