Is NASDAQ:MMYT on the Verge of a Major Breakout as a Strong Growth Stock?

In this article we will dive into MAKEMYTRIP LTD (NASDAQ:MMYT) as a possible candidate for growth investing. Investors should always do their own research, but we noticed MAKEMYTRIP LTD showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.

A Closer Look at Growth for NASDAQ:MMYT

ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NASDAQ:MMYT has earned a 8 for growth:

• 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.
• Looking at the last year, MMYT shows a very strong growth in Revenue. 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.
• Based on estimates for the next years, MMYT will show a very strong growth in Earnings Per Share. The EPS will grow by 30.80% 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 21.93% on average per year.
• The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

Evaluating Health: NASDAQ:MMYT

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NASDAQ:MMYT scores a 8 out of 10:

• MMYT has an Altman-Z score of 12.03. This indicates that MMYT is financially healthy and has little risk of bankruptcy at the moment.
• The Altman-Z score of MMYT (12.03) is better than 98.51% 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.
• With an excellent Debt to FCF ratio value of 1.38, MMYT belongs to the best of the industry, outperforming 88.81% of the companies in the same industry.
• MMYT has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
• The Debt to Equity ratio of MMYT (0.19) is better than 77.61% 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's Current ratio of 2.82 is amongst the best of the industry. MMYT outperforms 94.03% 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.
• MMYT has a better Quick ratio (2.81) than 95.52% of its industry peers.

Exploring NASDAQ:MMYT's Profitability

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NASDAQ:MMYT has earned a 5 out of 10:

• With an excellent Return On Assets value of 13.22%, MMYT belongs to the best of the industry, outperforming 90.30% of the companies in the same industry.
• MMYT's Return On Equity of 20.17% is fine compared to the rest of the industry. MMYT outperforms 79.85% of its industry peers.
• MMYT's Profit Margin of 26.64% is amongst the best of the industry. MMYT outperforms 98.51% of its industry peers.
• MMYT has a better Gross Margin (71.67%) than 88.06% of its industry peers.
• MMYT's Gross Margin has improved in the last couple of years.

How does the Setup look for NASDAQ:MMYT

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:MMYT scores a 8 out of 10:

MMYT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 108.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.53, a Stop Loss order could be placed below this zone.

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.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.