NASDAQ:MMYT—A High-Growth Stock Gearing Up for Its Next Upward Move.

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

ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NASDAQ:MMYT scores a 8 out of 10:

• The Earnings Per Share has grown by an impressive 617.28% over the past year.
• MMYT shows a strong growth in Revenue. In the last year, the Revenue has grown by 31.96%.
• 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.
• MMYT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 33.95% yearly.
• MMYT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.04% yearly.
• 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

ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NASDAQ:MMYT was assigned a score of 8 for health:

• MMYT has an Altman-Z score of 11.14. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
• MMYT has a Altman-Z score of 11.14. This is amongst the best in the industry. MMYT outperforms 98.52% of its industry peers.
• The Debt to FCF ratio of MMYT is 1.96, which is an excellent value as it means it would take MMYT, only 1.96 years of fcf income to pay off all of its debts.
• With an excellent Debt to FCF ratio value of 1.96, MMYT belongs to the best of the industry, outperforming 83.70% of the companies in the same industry.
• 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 78.52% of its industry peers.
• A Current Ratio of 2.88 indicates that MMYT has no problem at all paying its short term obligations.
• The Current ratio of MMYT (2.88) is better than 94.07% of its industry peers.
• A Quick Ratio of 2.88 indicates that MMYT has no problem at all paying its short term obligations.
• Looking at the Quick ratio, with a value of 2.88, MMYT belongs to the top of the industry, outperforming 94.81% of the companies in the same industry.

Assessing Profitability for NASDAQ:MMYT

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:MMYT, the assigned 5 is noteworthy for profitability:

• The Return On Assets of MMYT (13.06%) is better than 88.15% of its industry peers.
• MMYT's Return On Equity of 19.52% is fine compared to the rest of the industry. MMYT outperforms 74.81% of its industry peers.
• Looking at the Profit Margin, with a value of 27.71%, MMYT belongs to the top of the industry, outperforming 97.04% of the companies in the same industry.
• MMYT has a Gross Margin of 72.51%. This is amongst the best in the industry. MMYT outperforms 84.44% of its industry peers.
• MMYT's Gross Margin has improved in the last couple of years.

Why is NASDAQ:MMYT a setup?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:MMYT currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, MMYT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for MMYT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

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

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

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.