NASDAQ:MMYT qualifies as a high growth stock and is consolidating.

Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether MAKEMYTRIP LTD (NASDAQ:MMYT) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but MAKEMYTRIP LTD has surfaced on our radar for growth with base formation, warranting further examination.

Looking at the Growth

ChartMill assigns a Growth Rating to each stock, ranging from 0 to 10. This rating is determined by analyzing different growth elements, including EPS and revenue growth, spanning both historical and future figures. In the case of NASDAQ:MMYT, the assigned 8 reflects its growth potential:

• The Earnings Per Share has grown by an impressive 195.41% over the past year.
• The Revenue has grown by 28.96% in the past year. This is a very strong growth!
• 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.
• Based on estimates for the next years, MMYT will show a very strong growth in Earnings Per Share. The EPS will grow by 32.03% 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 21.79% on average per year.
• 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.

Understanding NASDAQ:MMYT's Health

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NASDAQ:MMYT, the assigned 8 reflects its health status:

• An Altman-Z score of 13.03 indicates that MMYT is not in any danger for bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 13.03, MMYT belongs to the top of the industry, outperforming 98.51% of the companies in the same industry.
• MMYT has a debt to FCF ratio of 1.38. This is a very positive value and a sign of high solvency as it would only need 1.38 years to pay back of all of its debts.
• MMYT has a Debt to FCF ratio of 1.38. This is amongst the best in the industry. MMYT outperforms 88.81% of its industry peers.
• 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 76.87% 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 has a better Current ratio (2.82) than 94.78% of its industry peers.
• A Quick Ratio of 2.81 indicates that MMYT has no problem at all paying its short term obligations.
• The Quick ratio of MMYT (2.81) is better than 96.27% of its industry peers.

Evaluating Profitability: NASDAQ:MMYT

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NASDAQ:MMYT has achieved a 5:

• MMYT has a better Return On Assets (13.22%) than 90.30% of its industry peers.
• MMYT has a Return On Equity of 20.17%. This is in the better half of the industry: MMYT outperforms 79.85% of its industry peers.
• Looking at the Profit Margin, with a value of 26.64%, MMYT belongs to the top of the industry, outperforming 98.51% of the companies in the same industry.
• MMYT's Gross Margin of 71.67% is amongst the best of the industry. MMYT outperforms 87.31% of its industry peers.
• MMYT's Gross Margin has improved in the last couple of years.

Why is NASDAQ:MMYT a setup?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NASDAQ:MMYT is 8:

MMYT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 115.04, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

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

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.