MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
NASDAQ:MMYT - MU0295S00016 - Common Stock
103.2 USD
+2.34 (+2.32%)
Taking everything into account, MMYT scores 5 out of 10 in our fundamental rating. MMYT was compared to 131 industry peers in the Hotels, Restaurants & Leisure industry. While MMYT has a great health rating, its profitability is only average at the moment. MMYT is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
MMYT had positive earnings in the past year.
MMYT had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: MMYT reported negative net income in multiple years.
Each year in the past 5 years MMYT had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 5.20%, MMYT is doing good in the industry, outperforming 69.47% of the companies in the same industry.
MMYT's Return On Equity of 7.91% is fine compared to the rest of the industry. MMYT outperforms 64.12% of its industry peers.
With a decent Return On Invested Capital value of 7.97%, MMYT is doing good in the industry, outperforming 64.89% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MMYT is significantly below the industry average of 15.79%.
The last Return On Invested Capital (7.97%) for MMYT is above the 3 year average (4.91%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 7.91% | ||
| ROIC | 7.97% |
ROA(3y)5.81%
ROA(5y)1.95%
ROE(3y)8.71%
ROE(5y)2.96%
ROIC(3y)4.91%
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 9.72%, MMYT is doing good in the industry, outperforming 73.28% of the companies in the same industry.
MMYT has a better Operating Margin (12.41%) than 65.65% of its industry peers.
MMYT has a Gross Margin of 71.96%. This is amongst the best in the industry. MMYT outperforms 87.79% of its industry peers.
MMYT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.41% | ||
| PM (TTM) | 9.72% | ||
| GM | 71.96% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.74%
GM growth 5Y0.6%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MMYT is destroying value.
Compared to 1 year ago, MMYT has more shares outstanding
Compared to 5 years ago, MMYT has more shares outstanding
MMYT has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 9.66 indicates that MMYT is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 9.66, MMYT belongs to the best of the industry, outperforming 96.18% of the companies in the same industry.
MMYT has a debt to FCF ratio of 1.36. This is a very positive value and a sign of high solvency as it would only need 1.36 years to pay back of all of its debts.
MMYT's Debt to FCF ratio of 1.36 is amongst the best of the industry. MMYT outperforms 89.31% of its industry peers.
MMYT has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
MMYT has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. MMYT outperforms 87.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.36 | ||
| Altman-Z | 9.66 |
ROIC/WACC0.81
WACC9.8%
2.3 Liquidity
MMYT has a Current Ratio of 1.85. This is a normal value and indicates that MMYT is financially healthy and should not expect problems in meeting its short term obligations.
MMYT has a better Current ratio (1.85) than 82.44% of its industry peers.
MMYT has a Quick Ratio of 1.85. This is a normal value and indicates that MMYT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.85, MMYT belongs to the top of the industry, outperforming 83.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 |
3. Growth
3.1 Past
The earnings per share for MMYT have decreased by -1.46% in the last year.
Looking at the last year, MMYT shows a quite strong growth in Revenue. The Revenue has grown by 18.13% in the last year.
Measured over the past years, MMYT shows a quite strong growth in Revenue. The Revenue has been growing by 13.85% on average per year.
EPS 1Y (TTM)-1.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-43.59%
Revenue 1Y (TTM)18.13%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%5.63%
3.2 Future
Based on estimates for the next years, MMYT will show a very strong growth in Earnings Per Share. The EPS will grow by 21.61% on average per year.
The Revenue is expected to grow by 20.22% on average over the next years. This is a very strong growth
EPS Next Y16.74%
EPS Next 2Y21.11%
EPS Next 3Y21.61%
EPS Next 5YN/A
Revenue Next Year19.33%
Revenue Next 2Y20.36%
Revenue Next 3Y20.22%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 76.44, MMYT can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as MMYT.
The average S&P500 Price/Earnings ratio is at 26.76. MMYT is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 46.29 indicates a quite expensive valuation of MMYT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMYT is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 34.91. MMYT is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 76.44 | ||
| Fwd PE | 46.29 |
4.2 Price Multiples
MMYT's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. MMYT is more expensive than 79.39% of the companies in the same industry.
MMYT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 56.59 | ||
| EV/EBITDA | 56.09 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MMYT does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of MMYT may justify a higher PE ratio.
MMYT's earnings are expected to grow with 21.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.57
PEG (5Y)N/A
EPS Next 2Y21.11%
EPS Next 3Y21.61%
5. Dividend
5.1 Amount
MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:MMYT (8/22/2025, 3:58:00 PM)
103.2
+2.34 (+2.32%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners77.16%
Inst Owner Change-14.22%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap9.82B
Analysts85
Price Target122.75 (18.94%)
Short Float %6.2%
Short Ratio2.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.68%
Min EPS beat(2)6.56%
Max EPS beat(2)36.8%
EPS beat(4)4
Avg EPS beat(4)29.1%
Min EPS beat(4)6.56%
Max EPS beat(4)37.29%
EPS beat(8)8
Avg EPS beat(8)56.78%
EPS beat(12)10
Avg EPS beat(12)20.8%
EPS beat(16)13
Avg EPS beat(16)-3.07%
Revenue beat(2)0
Avg Revenue beat(2)-3.56%
Min Revenue beat(2)-5.97%
Max Revenue beat(2)-1.15%
Revenue beat(4)1
Avg Revenue beat(4)-1.97%
Min Revenue beat(4)-5.97%
Max Revenue beat(4)3.03%
Revenue beat(8)5
Avg Revenue beat(8)2.5%
Revenue beat(12)6
Avg Revenue beat(12)1.29%
Revenue beat(16)8
Avg Revenue beat(16)0.66%
PT rev (1m)-1.41%
PT rev (3m)0.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.01%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.68%
Revenue NQ rev (1m)-1.86%
Revenue NQ rev (3m)-5.89%
Revenue NY rev (1m)-0.58%
Revenue NY rev (3m)-1.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 76.44 | ||
| Fwd PE | 46.29 | ||
| P/S | 10.04 | ||
| P/FCF | 56.59 | ||
| P/OCF | 53 | ||
| P/B | 8.17 | ||
| P/tB | 16.23 | ||
| EV/EBITDA | 56.09 |
EPS(TTM)1.35
EY1.31%
EPS(NY)2.23
Fwd EY2.16%
FCF(TTM)1.82
FCFY1.77%
OCF(TTM)1.95
OCFY1.89%
SpS10.28
BVpS12.64
TBVpS6.36
PEG (NY)4.57
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.2% | ||
| ROE | 7.91% | ||
| ROCE | 9.7% | ||
| ROIC | 7.97% | ||
| ROICexc | 40.62% | ||
| ROICexgc | N/A | ||
| OM | 12.41% | ||
| PM (TTM) | 9.72% | ||
| GM | 71.96% | ||
| FCFM | 17.74% |
ROA(3y)5.81%
ROA(5y)1.95%
ROE(3y)8.71%
ROE(5y)2.96%
ROIC(3y)4.91%
ROIC(5y)N/A
ROICexc(3y)11.07%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)5.97%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.74%
GM growth 5Y0.6%
F-Score6
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.36 | ||
| Debt/EBITDA | 0.1 | ||
| Cap/Depr | 43.37% | ||
| Cap/Sales | 1.2% | ||
| Interest Coverage | 42.77 | ||
| Cash Conversion | 124.78% | ||
| Profit Quality | 182.46% | ||
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 | ||
| Altman-Z | 9.66 |
F-Score6
WACC9.8%
ROIC/WACC0.81
Cap/Depr(3y)50.82%
Cap/Depr(5y)44.6%
Cap/Sales(3y)1.9%
Cap/Sales(5y)3.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-43.59%
EPS Next Y16.74%
EPS Next 2Y21.11%
EPS Next 3Y21.61%
EPS Next 5YN/A
Revenue 1Y (TTM)18.13%
Revenue growth 3Y47.66%
Revenue growth 5Y13.85%
Sales Q2Q%5.63%
Revenue Next Year19.33%
Revenue Next 2Y20.36%
Revenue Next 3Y20.22%
Revenue Next 5YN/A
EBIT growth 1Y59.21%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year49.67%
EBIT Next 3Y34.33%
EBIT Next 5YN/A
FCF growth 1Y53.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y47.36%
OCF growth 3Y213.74%
OCF growth 5YN/A