MAKEMYTRIP LTD (MMYT) Fundamental Analysis & Valuation

NASDAQ:MMYT • MU0295S00016

Current stock price

36.3 USD
-3.7 (-9.25%)
At close:
36.92 USD
+0.62 (+1.71%)
After Hours:

This MMYT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. MMYT Profitability Analysis

1.1 Basic Checks

  • MMYT had positive earnings in the past year.
  • In the past year MMYT had a positive cash flow from operations.
  • In multiple years MMYT reported negative net income over the last 5 years.
  • MMYT had a positive operating cash flow in each of the past 5 years.
MMYT Yearly Net Income VS EBIT VS OCF VS FCFMMYT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M

1.2 Ratios

  • MMYT has a Return On Assets of 3.05%. This is comparable to the rest of the industry: MMYT outperforms 57.94% of its industry peers.
  • MMYT has a better Return On Invested Capital (9.83%) than 70.63% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MMYT is significantly below the industry average of 10.65%.
  • The 3 year average ROIC (4.91%) for MMYT is below the current ROIC(9.83%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.05%
ROE N/A
ROIC 9.83%
ROA(3y)5.81%
ROA(5y)1.95%
ROE(3y)8.71%
ROE(5y)2.96%
ROIC(3y)4.91%
ROIC(5y)N/A
MMYT Yearly ROA, ROE, ROICMMYT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60 -80 -100

1.3 Margins

  • MMYT's Profit Margin of 5.46% is fine compared to the rest of the industry. MMYT outperforms 62.70% of its industry peers.
  • MMYT's Operating Margin of 14.28% is fine compared to the rest of the industry. MMYT outperforms 62.70% of its industry peers.
  • The Gross Margin of MMYT (73.41%) is better than 89.68% of its industry peers.
  • MMYT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 14.28%
PM (TTM) 5.46%
GM 73.41%
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%
MMYT Yearly Profit, Operating, Gross MarginsMMYT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. MMYT Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MMYT is creating some value.
  • The number of shares outstanding for MMYT has been increased compared to 1 year ago.
  • MMYT has more shares outstanding than it did 5 years ago.
  • MMYT has a better debt/assets ratio than last year.
MMYT Yearly Shares OutstandingMMYT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
MMYT Yearly Total Debt VS Total AssetsMMYT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • MMYT has an Altman-Z score of 0.26. This is a bad value and indicates that MMYT is not financially healthy and even has some risk of bankruptcy.
  • MMYT has a worse Altman-Z score (0.26) than 84.92% of its industry peers.
  • MMYT has a debt to FCF ratio of 6.30. This is a slightly negative value and a sign of low solvency as MMYT would need 6.30 years to pay back of all of its debts.
  • MMYT's Debt to FCF ratio of 6.30 is fine compared to the rest of the industry. MMYT outperforms 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 6.3
Altman-Z 0.26
ROIC/WACC1.06
WACC9.24%
MMYT Yearly LT Debt VS Equity VS FCFMMYT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

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 Current ratio of 1.85. This is amongst the best in the industry. MMYT outperforms 80.16% 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 80.95% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.85
Quick Ratio 1.85
MMYT Yearly Current Assets VS Current LiabilitesMMYT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. MMYT Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 8.11% over the past year.
  • The Revenue has grown by 11.07% in the past year. This is quite good.
  • The Revenue has been growing by 13.85% on average over the past years. This is quite good.
EPS 1Y (TTM)8.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.43%
Revenue 1Y (TTM)11.07%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%10.59%

3.2 Future

  • Based on estimates for the next years, MMYT will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.91% on average per year.
  • MMYT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.36% yearly.
EPS Next Y7.46%
EPS Next 2Y19.83%
EPS Next 3Y18.91%
EPS Next 5YN/A
Revenue Next Year13.51%
Revenue Next 2Y15.64%
Revenue Next 3Y17.36%
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.
MMYT Yearly Revenue VS EstimatesMMYT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
MMYT Yearly EPS VS EstimatesMMYT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 2 -2

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Find the best growth stocksShow best growing peers

3

4. MMYT Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 22.69 indicates a rather expensive valuation of MMYT.
  • The rest of the industry has a similar Price/Earnings ratio as MMYT.
  • When comparing the Price/Earnings ratio of MMYT to the average of the S&P500 Index (24.88), we can say MMYT is valued inline with the index average.
  • A Price/Forward Earnings ratio of 16.63 indicates a correct valuation of MMYT.
  • Based on the Price/Forward Earnings ratio, MMYT is valued a bit cheaper than 61.11% of the companies in the same industry.
  • MMYT's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 22.69
Fwd PE 16.63
MMYT Price Earnings VS Forward Price EarningsMMYT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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 76.98% of the companies in the same industry.
  • MMYT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MMYT is cheaper than 79.37% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.42
EV/EBITDA 29.72
MMYT Per share dataMMYT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

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.
  • A more expensive valuation may be justified as MMYT's earnings are expected to grow with 18.91% in the coming years.
PEG (NY)3.04
PEG (5Y)N/A
EPS Next 2Y19.83%
EPS Next 3Y18.91%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. MMYT Dividend Analysis

5.1 Amount

  • MMYT does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

MMYT Fundamentals: All Metrics, Ratios and Statistics

MAKEMYTRIP LTD

NASDAQ:MMYT (3/27/2026, 8:00:01 PM)

After market: 36.92 +0.62 (+1.71%)

36.3

-3.7 (-9.25%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)01-21
Earnings (Next)05-04
Inst Owners98.27%
Inst Owner Change0.96%
Ins Owners0.34%
Ins Owner Change0%
Market Cap3.45B
Revenue(TTM)1.04B
Net Income(TTM)56.75M
Analysts85.88
Price Target104.99 (189.23%)
Short Float %10.18%
Short Ratio4.1
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)1
Avg EPS beat(2)6.78%
Min EPS beat(2)-1.96%
Max EPS beat(2)15.52%
EPS beat(4)3
Avg EPS beat(4)15.49%
Min EPS beat(4)-1.96%
Max EPS beat(4)36.8%
EPS beat(8)7
Avg EPS beat(8)28.95%
EPS beat(12)11
Avg EPS beat(12)44.69%
EPS beat(16)13
Avg EPS beat(16)21.73%
Revenue beat(2)0
Avg Revenue beat(2)-9.95%
Min Revenue beat(2)-15.21%
Max Revenue beat(2)-4.68%
Revenue beat(4)0
Avg Revenue beat(4)-8.74%
Min Revenue beat(4)-15.21%
Max Revenue beat(4)-4.68%
Revenue beat(8)2
Avg Revenue beat(8)-4.52%
Revenue beat(12)5
Avg Revenue beat(12)-1.67%
Revenue beat(16)7
Avg Revenue beat(16)-0.6%
PT rev (1m)-0.96%
PT rev (3m)-7.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.19%
EPS NY rev (1m)0%
EPS NY rev (3m)7.26%
Revenue NQ rev (1m)-0.91%
Revenue NQ rev (3m)-2.73%
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)-1.2%
Valuation
Industry RankSector Rank
PE 22.69
Fwd PE 16.63
P/S 3.32
P/FCF 15.42
P/OCF 15.42
P/B N/A
P/tB N/A
EV/EBITDA 29.72
EPS(TTM)1.6
EY4.41%
EPS(NY)2.18
Fwd EY6.01%
FCF(TTM)2.35
FCFY6.48%
OCF(TTM)2.35
OCFY6.48%
SpS10.92
BVpS-0.13
TBVpS-6.02
PEG (NY)3.04
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 3.05%
ROE N/A
ROCE 11.96%
ROIC 9.83%
ROICexc 9.83%
ROICexgc 17.92%
OM 14.28%
PM (TTM) 5.46%
GM 73.41%
FCFM 21.55%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score5
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 6.3
Debt/EBITDA 6.7
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 127.59%
Profit Quality 394.58%
Current Ratio 1.85
Quick Ratio 1.85
Altman-Z 0.26
F-Score5
WACC9.24%
ROIC/WACC1.06
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)8.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.43%
EPS Next Y7.46%
EPS Next 2Y19.83%
EPS Next 3Y18.91%
EPS Next 5YN/A
Revenue 1Y (TTM)11.07%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%10.59%
Revenue Next Year13.51%
Revenue Next 2Y15.64%
Revenue Next 3Y17.36%
Revenue Next 5YN/A
EBIT growth 1Y27.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year29.66%
EBIT Next 3Y28.61%
EBIT Next 5YN/A
FCF growth 1Y30.73%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y30.73%
OCF growth 3Y210.31%
OCF growth 5YN/A

MAKEMYTRIP LTD / MMYT Fundamental Analysis FAQ

What is the ChartMill fundamental rating of MAKEMYTRIP LTD (MMYT) stock?

ChartMill assigns a fundamental rating of 4 / 10 to MMYT.


What is the valuation status of MAKEMYTRIP LTD (MMYT) stock?

ChartMill assigns a valuation rating of 3 / 10 to MAKEMYTRIP LTD (MMYT). This can be considered as Overvalued.


How profitable is MAKEMYTRIP LTD (MMYT) stock?

MAKEMYTRIP LTD (MMYT) has a profitability rating of 5 / 10.


How financially healthy is MAKEMYTRIP LTD?

The financial health rating of MAKEMYTRIP LTD (MMYT) is 4 / 10.


What is the earnings growth outlook for MAKEMYTRIP LTD?

The Earnings per Share (EPS) of MAKEMYTRIP LTD (MMYT) is expected to grow by 7.46% in the next year.