55.82 USD
-7.81 (-12.27%)
At close: Feb 3, 2026
55.98 USD
+0.16 (+0.29%)
After Hours: 2/3/2026, 8:00:02 PM
Taking everything into account, MMYT scores 4 out of 10 in our fundamental rating. MMYT was compared to 132 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and the financial health of MMYT get a neutral evaluation. Nothing too spectacular is happening here. 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.
- The reported net income has been mixed in the past 5 years: MMYT reported negative net income in multiple years.
- In the past 5 years MMYT always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.05%, MMYT is in line with its industry, outperforming 56.06% of the companies in the same industry.
- MMYT's Return On Invested Capital of 9.83% is fine compared to the rest of the industry. MMYT outperforms 71.97% of its industry peers.
- MMYT had an Average Return On Invested Capital over the past 3 years of 4.91%. This is significantly below the industry average of 10.39%.
- The last Return On Invested Capital (9.83%) for MMYT is above the 3 year average (4.91%), which is a sign of increasing profitability.
| Industry Rank | Sector 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
1.3 Margins
- MMYT's Profit Margin of 5.46% is fine compared to the rest of the industry. MMYT outperforms 60.61% of its industry peers.
- MMYT has a Operating Margin of 14.28%. This is in the better half of the industry: MMYT outperforms 66.67% of its industry peers.
- With an excellent Gross Margin value of 73.41%, MMYT belongs to the best of the industry, outperforming 89.39% of the companies in the same industry.
- 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 | 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%
2. Health
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.
- The debt/assets ratio for MMYT has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.98, we must say that MMYT is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 0.98, MMYT is not doing good in the industry: 62.88% of the companies in the same industry are doing better.
- 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 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 6.3 | ||
| Altman-Z | 0.98 |
ROIC/WACC1.04
WACC9.43%
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.
- Looking at the Current ratio, with a value of 1.85, MMYT belongs to the top of the industry, outperforming 81.82% 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.
- With an excellent Quick ratio value of 1.85, MMYT belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.85 | ||
| Quick Ratio | 1.85 |
3. Growth
3.1 Past
- MMYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.11%, which is quite good.
- MMYT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.07%.
- MMYT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.85% yearly.
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
- The Earnings Per Share is expected to grow by 16.03% on average over the next years. This is quite good.
- MMYT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.29% yearly.
EPS Next Y11.39%
EPS Next 2Y14.56%
EPS Next 3Y16.03%
EPS Next 5YN/A
Revenue Next Year13.51%
Revenue Next 2Y15.56%
Revenue Next 3Y17.29%
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
- MMYT is valuated quite expensively with a Price/Earnings ratio of 34.89.
- MMYT's Price/Earnings is on the same level as the industry average.
- MMYT is valuated rather expensively when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 27.98 indicates a quite expensive valuation of MMYT.
- MMYT's Price/Forward Earnings ratio is in line with the industry average.
- MMYT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.89 | ||
| Fwd PE | 27.98 |
4.2 Price Multiples
- MMYT's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. MMYT is more expensive than 80.30% of the companies in the same industry.
- 63.64% of the companies in the same industry are more expensive than MMYT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.72 | ||
| EV/EBITDA | 42.53 |
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.
- MMYT's earnings are expected to grow with 16.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.06
PEG (5Y)N/A
EPS Next 2Y14.56%
EPS Next 3Y16.03%
5. Dividend
5.1 Amount
- MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
55.82
-7.81 (-12.27%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)01-21 2026-01-21/bmo
Earnings (Next)N/A N/A
Inst Owners100.04%
Inst Owner Change-1.1%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap5.31B
Revenue(TTM)1.04B
Net Income(TTM)56.75M
Analysts85.88
Price Target112.82 (102.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)-0.9%
PT rev (3m)-6.54%
EPS NQ rev (1m)-15.69%
EPS NQ rev (3m)10.35%
EPS NY rev (1m)11.19%
EPS NY rev (3m)1.95%
Revenue NQ rev (1m)-3.22%
Revenue NQ rev (3m)-6.02%
Revenue NY rev (1m)-1.2%
Revenue NY rev (3m)-4.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.89 | ||
| Fwd PE | 27.98 | ||
| P/S | 5.11 | ||
| P/FCF | 23.72 | ||
| P/OCF | 23.72 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 42.53 |
EPS(TTM)1.6
EY2.87%
EPS(NY)1.99
Fwd EY3.57%
FCF(TTM)2.35
FCFY4.22%
OCF(TTM)2.35
OCFY4.22%
SpS10.92
BVpS-0.13
TBVpS-6.02
PEG (NY)3.06
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.98 |
F-Score5
WACC9.43%
ROIC/WACC1.04
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 Y11.39%
EPS Next 2Y14.56%
EPS Next 3Y16.03%
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 2Y15.56%
Revenue Next 3Y17.29%
Revenue Next 5YN/A
EBIT growth 1Y27.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year30.46%
EBIT Next 3Y29.72%
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 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 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 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 11.39% in the next year.