65.54 USD
-9.05 (-12.13%)
66.68 USD
+1.14 (+1.74%)
We assign a fundamental rating of 4 out of 10 to MMYT. MMYT was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. MMYT has only an average score on both its financial health and profitability. MMYT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- MMYT had positive earnings in the past year.
- 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
- The Return On Assets of MMYT (4.12%) is better than 62.41% of its industry peers.
- MMYT has a better Return On Equity (300.04%) than 100.00% of its industry peers.
- MMYT's Return On Invested Capital of 9.25% is fine compared to the rest of the industry. MMYT outperforms 71.43% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for MMYT is significantly below the industry average of 10.34%.
- The last Return On Invested Capital (9.25%) for MMYT is above the 3 year average (4.91%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.12% | ||
| ROE | 300.04% | ||
| ROIC | 9.25% |
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 7.57% is fine compared to the rest of the industry. MMYT outperforms 66.17% of its industry peers.
- With a decent Operating Margin value of 14.06%, MMYT is doing good in the industry, outperforming 66.92% of the companies in the same industry.
- The Gross Margin of MMYT (73.70%) is better than 90.23% 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 | 14.06% | ||
| PM (TTM) | 7.57% | ||
| GM | 73.7% |
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.
- The number of shares outstanding for MMYT has been increased compared to 5 years ago.
- MMYT has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.06, we must say that MMYT is in the distress zone and has some risk of bankruptcy.
- MMYT has a worse Altman-Z score (1.06) than 61.65% of its industry peers.
- The Debt to FCF ratio of MMYT is 8.27, which is on the high side as it means it would take MMYT, 8.27 years of fcf income to pay off all of its debts.
- With a decent Debt to FCF ratio value of 8.27, MMYT is doing good in the industry, outperforming 67.67% of the companies in the same industry.
- A Debt/Equity ratio of 45.37 is on the high side and indicates that MMYT has dependencies on debt financing.
- The Debt to Equity ratio of MMYT (45.37) is worse than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 45.37 | ||
| Debt/FCF | 8.27 | ||
| Altman-Z | 1.06 |
ROIC/WACC0.98
WACC9.48%
2.3 Liquidity
- MMYT has a Current Ratio of 1.91. This is a normal value and indicates that MMYT is financially healthy and should not expect problems in meeting its short term obligations.
- The Current ratio of MMYT (1.91) is better than 83.46% of its industry peers.
- MMYT has a Quick Ratio of 1.91. 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 1.91 is amongst the best of the industry. MMYT outperforms 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.91 |
3. Growth
3.1 Past
- MMYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.89%, which is quite good.
- The Revenue has grown by 25.02% 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 13.85% on average per year.
EPS 1Y (TTM)16.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%48.57%
Revenue 1Y (TTM)25.02%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%10.6%
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 18.07% yearly.
EPS Next Y11.39%
EPS Next 2Y14.56%
EPS Next 3Y16.03%
EPS Next 5YN/A
Revenue Next Year14.69%
Revenue Next 2Y16.83%
Revenue Next 3Y18.07%
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 37.88.
- MMYT's Price/Earnings ratio is in line with the industry average.
- MMYT's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.32.
- MMYT is valuated quite expensively with a Price/Forward Earnings ratio of 32.85.
- MMYT's Price/Forward Earnings ratio is in line with the industry average.
- When comparing the Price/Forward Earnings ratio of MMYT to the average of the S&P500 Index (24.30), we can say MMYT is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.88 | ||
| Fwd PE | 32.85 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MMYT is valued a bit more expensive than 78.20% of the companies in the same industry.
- The rest of the industry has a similar Price/Free Cash Flow ratio as MMYT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.16 | ||
| EV/EBITDA | 38.3 |
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 has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as MMYT's earnings are expected to grow with 16.03% in the coming years.
PEG (NY)3.32
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% |
65.54
-9.05 (-12.13%)
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 Change0.84%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap6.24B
Revenue(TTM)978.34M
Net Income(TTM)76.53M
Analysts85.88
Price Target112.82 (72.14%)
Short Float %7.67%
Short Ratio5.72
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)2
Avg EPS beat(2)13.56%
Min EPS beat(2)11.59%
Max EPS beat(2)15.52%
EPS beat(4)4
Avg EPS beat(4)17.62%
Min EPS beat(4)6.56%
Max EPS beat(4)36.8%
EPS beat(8)8
Avg EPS beat(8)34.85%
EPS beat(12)11
Avg EPS beat(12)36.83%
EPS beat(16)13
Avg EPS beat(16)-4.57%
Revenue beat(2)0
Avg Revenue beat(2)-12.16%
Min Revenue beat(2)-15.21%
Max Revenue beat(2)-9.11%
Revenue beat(4)0
Avg Revenue beat(4)-7.86%
Min Revenue beat(4)-15.21%
Max Revenue beat(4)-1.15%
Revenue beat(8)3
Avg Revenue beat(8)-3.85%
Revenue beat(12)5
Avg Revenue beat(12)-1.42%
Revenue beat(16)8
Avg Revenue beat(16)-0.28%
PT rev (1m)-1.34%
PT rev (3m)-8.09%
EPS NQ rev (1m)-25%
EPS NQ rev (3m)-14.72%
EPS NY rev (1m)11.19%
EPS NY rev (3m)1.03%
Revenue NQ rev (1m)-0.7%
Revenue NQ rev (3m)-4.26%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-3.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.88 | ||
| Fwd PE | 32.85 | ||
| P/S | 6.17 | ||
| P/FCF | 37.16 | ||
| P/OCF | 37.16 | ||
| P/B | 244.5 | ||
| P/tB | N/A | ||
| EV/EBITDA | 38.3 |
EPS(TTM)1.73
EY2.64%
EPS(NY)1.99
Fwd EY3.04%
FCF(TTM)1.76
FCFY2.69%
OCF(TTM)1.76
OCFY2.69%
SpS10.63
BVpS0.27
TBVpS-5.73
PEG (NY)3.32
PEG (5Y)N/A
Graham Number3.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.12% | ||
| ROE | 300.04% | ||
| ROCE | 11.25% | ||
| ROIC | 9.25% | ||
| ROICexc | 26.9% | ||
| ROICexgc | N/A | ||
| OM | 14.06% | ||
| PM (TTM) | 7.57% | ||
| GM | 73.7% | ||
| FCFM | 16.6% |
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 Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 45.37 | ||
| Debt/FCF | 8.27 | ||
| Debt/EBITDA | 6.83 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 99.13% | ||
| Profit Quality | 219.32% | ||
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.91 | ||
| Altman-Z | 1.06 |
F-Score5
WACC9.48%
ROIC/WACC0.98
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)16.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%48.57%
EPS Next Y11.39%
EPS Next 2Y14.56%
EPS Next 3Y16.03%
EPS Next 5YN/A
Revenue 1Y (TTM)25.02%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%10.6%
Revenue Next Year14.69%
Revenue Next 2Y16.83%
Revenue Next 3Y18.07%
Revenue Next 5YN/A
EBIT growth 1Y36.22%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year36.62%
EBIT Next 3Y33.12%
EBIT Next 5YN/A
FCF growth 1Y84.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y84.96%
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 6 / 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.