NASDAQ:MMYT: a strong growth stock preparing for the next leg up?.

For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether MAKEMYTRIP LTD (NASDAQ:MMYT) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but MAKEMYTRIP LTD has caught our attention on our screen for growth with base formation. It may warrant additional investigation.

What does the Growth looks like 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:

• MMYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 195.41%, which is quite impressive.
• MMYT shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.96%.
• MMYT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.99% yearly.
• MMYT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 30.80% yearly.
• The Revenue is expected to grow by 21.63% on average over the next years. This is a very strong growth
• When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

Health Analysis 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 11.21. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
• MMYT has a Altman-Z score of 11.21. This is amongst the best in the industry. MMYT outperforms 98.50% of its industry peers.
• The Debt to FCF ratio of MMYT is 1.38, which is an excellent value as it means it would take MMYT, only 1.38 years of fcf income to pay off all of its debts.
• The Debt to FCF ratio of MMYT (1.38) is better than 87.97% of its industry peers.
• MMYT has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
• MMYT has a better Debt to Equity ratio (0.19) than 77.44% of its industry peers.
• MMYT has a Current Ratio of 2.82. This indicates that MMYT is financially healthy and has no problem in meeting its short term obligations.
• MMYT has a better Current ratio (2.82) than 93.98% of its industry peers.
• MMYT has a Quick Ratio of 2.81. This indicates that MMYT is financially healthy and has no problem in meeting its short term obligations.
• The Quick ratio of MMYT (2.81) is better than 95.49% of its industry peers.

Assessing Profitability for NASDAQ:MMYT

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:MMYT, the assigned 5 is a significant indicator of profitability:

• MMYT has a Return On Assets of 13.22%. This is amongst the best in the industry. MMYT outperforms 87.22% of its industry peers.
• The Return On Equity of MMYT (20.17%) is better than 78.20% of its industry peers.
• Looking at the Profit Margin, with a value of 26.64%, MMYT belongs to the top of the industry, outperforming 96.24% of the companies in the same industry.
• MMYT has a Gross Margin of 71.67%. This is amongst the best in the industry. MMYT outperforms 86.47% of its industry peers.
• MMYT's Gross Margin has improved in the last couple of years.

How does the Setup look for NASDAQ:MMYT

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:MMYT currently has a 8 as setup rating:

Besides having an excellent technical rating, MMYT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

For an up to date full fundamental analysis you can check the fundamental report of MMYT

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

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.