MAKEMYTRIP LTD (MMYT) Stock Fundamental Analysis
USA - NASDAQ:MMYT - MU0295S00016 - Common Stock
89.325 USD
+0.39 (+0.43%)
MMYT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 134 industry peers in the Hotels, Restaurants & Leisure industry. MMYT has an excellent financial health rating, but there are some minor concerns on its profitability. While showing a medium growth rate, MMYT is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year MMYT was profitable.
MMYT had a positive operating cash flow in the past year.
In multiple years MMYT reported negative net income over the last 5 years.
Each year in the past 5 years MMYT had a positive operating cash flow.
1.2 Ratios
MMYT has a better Return On Assets (5.20%) than 69.40% of its industry peers.
MMYT's Return On Equity of 7.91% is fine compared to the rest of the industry. MMYT outperforms 64.18% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.97%, MMYT is in the better half of the industry, outperforming 64.93% 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 10.67%.
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
MMYT has a Profit Margin of 9.72%. This is in the better half of the industry: MMYT outperforms 74.63% of its industry peers.
With a decent Operating Margin value of 12.41%, MMYT is doing good in the industry, outperforming 66.42% of the companies in the same industry.
MMYT has a better Gross Margin (71.96%) than 87.31% of its industry peers.
In the last couple of years the Gross Margin of MMYT has remained more or less at the same level.
| 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
MMYT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
MMYT has more shares outstanding than it did 1 year ago.
MMYT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MMYT has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 8.57 indicates that MMYT is not in any danger for bankruptcy at the moment.
MMYT has a better Altman-Z score (8.57) than 92.54% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 1.36, MMYT belongs to the top of the industry, outperforming 88.06% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that MMYT is not too dependend on debt financing.
MMYT has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. MMYT outperforms 86.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 1.36 | ||
| Altman-Z | 8.57 |
ROIC/WACC0.83
WACC9.56%
2.3 Liquidity
A Current Ratio of 1.85 indicates that MMYT should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.85, MMYT belongs to the top of the industry, outperforming 82.09% of the companies in the same industry.
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.
MMYT's Quick ratio of 1.85 is amongst the best of the industry. MMYT outperforms 83.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 |
3. Growth
3.1 Past
MMYT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.46%.
MMYT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.13%.
The Revenue has been growing by 13.85% on average over the past years. This is quite good.
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.
Based on estimates for the next years, MMYT will show a very strong growth in Revenue. The Revenue will grow by 20.18% on average per year.
EPS Next Y10.25%
EPS Next 2Y16.87%
EPS Next 3Y21.61%
EPS Next 5YN/A
Revenue Next Year19.03%
Revenue Next 2Y20.24%
Revenue Next 3Y20.18%
Revenue Next 5YN/A
3.3 Evolution
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 66.17, 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 26.83. MMYT is valued rather expensively when compared to this.
MMYT is valuated quite expensively with a Price/Forward Earnings ratio of 43.03.
MMYT's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.82. MMYT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.17 | ||
| Fwd PE | 43.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MMYT is valued expensively inside the industry as 80.60% of the companies are valued cheaper.
MMYT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.98 | ||
| EV/EBITDA | 48.45 |
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)6.45
PEG (5Y)N/A
EPS Next 2Y16.87%
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 (10/24/2025, 3:54:04 PM)
89.325
+0.39 (+0.43%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners96.71%
Inst Owner Change-1.2%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap8.50B
Revenue(TTM)992.66M
Net Income(TTM)95.10M
Analysts85
Price Target122.75 (37.42%)
Short Float %6.37%
Short Ratio4.99
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)0%
PT rev (3m)-1.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.6%
EPS NY rev (3m)-5.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.86%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)-0.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 66.17 | ||
| Fwd PE | 43.03 | ||
| P/S | 8.69 | ||
| P/FCF | 48.98 | ||
| P/OCF | 45.87 | ||
| P/B | 7.07 | ||
| P/tB | 14.05 | ||
| EV/EBITDA | 48.45 |
EPS(TTM)1.35
EY1.51%
EPS(NY)2.08
Fwd EY2.32%
FCF(TTM)1.82
FCFY2.04%
OCF(TTM)1.95
OCFY2.18%
SpS10.28
BVpS12.64
TBVpS6.36
PEG (NY)6.45
PEG (5Y)N/A
Graham Number19.59
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
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-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 | 8.57 |
F-Score6
WACC9.56%
ROIC/WACC0.83
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 Y10.25%
EPS Next 2Y16.87%
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 Year19.03%
Revenue Next 2Y20.24%
Revenue Next 3Y20.18%
Revenue Next 5YN/A
EBIT growth 1Y59.21%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year49.67%
EBIT Next 3Y34.23%
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
MAKEMYTRIP LTD / MMYT FAQ
What is the ChartMill fundamental rating of MAKEMYTRIP LTD (MMYT) stock?
ChartMill assigns a fundamental rating of 5 / 10 to MMYT.
What is the valuation status for MMYT stock?
ChartMill assigns a valuation rating of 2 / 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 6 / 10.
What is the financial health of MAKEMYTRIP LTD (MMYT) stock?
The financial health rating of MAKEMYTRIP LTD (MMYT) is 7 / 10.
What is the expected EPS growth for MAKEMYTRIP LTD (MMYT) stock?
The Earnings per Share (EPS) of MAKEMYTRIP LTD (MMYT) is expected to grow by 10.25% in the next year.