MAKEMYTRIP LTD (MMYT) Fundamental Analysis & Valuation

NASDAQ:MMYT • MU0295S00016

Current stock price

45.5 USD
-0.03 (-0.07%)
At close:
45.5 USD
0 (0%)
After Hours:

This MMYT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. MMYT Profitability Analysis

1.1 Basic Checks

  • In the past year MMYT was profitable.
  • In the past year MMYT had a positive cash flow from operations.
  • 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.
MMYT Yearly Net Income VS EBIT VS OCF VS FCFMMYT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M

1.2 Ratios

  • The Return On Assets of MMYT (3.05%) is comparable to the rest of the industry.
  • MMYT has a better Return On Invested Capital (9.83%) than 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 10.48%.
  • The 3 year average ROIC (4.91%) for MMYT is below the current ROIC(9.83%), indicating increased profibility in the last year.
Industry RankSector 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
MMYT Yearly ROA, ROE, ROICMMYT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60 -80 -100

1.3 Margins

  • MMYT has a Profit Margin of 5.46%. This is in the better half of the industry: MMYT outperforms 61.90% of its industry peers.
  • With a decent Operating Margin value of 14.28%, MMYT is doing good in the industry, outperforming 62.70% of the companies in the same industry.
  • MMYT has a Gross Margin of 73.41%. This is amongst the best in the industry. MMYT outperforms 89.68% of its industry peers.
  • MMYT's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
MMYT Yearly Profit, Operating, Gross MarginsMMYT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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4

2. MMYT Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MMYT is creating some value.
  • Compared to 1 year ago, MMYT has more shares outstanding
  • The number of shares outstanding for MMYT has been increased compared to 5 years ago.
  • Compared to 1 year ago, MMYT has an improved debt to assets ratio.
MMYT Yearly Shares OutstandingMMYT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
MMYT Yearly Total Debt VS Total AssetsMMYT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of 0.43, we must say that MMYT is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.43, MMYT is not doing good in the industry: 80.16% of the companies in the same industry are doing better.
  • The Debt to FCF ratio of MMYT is 6.30, which is on the high side as it means it would take MMYT, 6.30 years of fcf income to pay off all of its debts.
  • MMYT has a Debt to FCF ratio of 6.30. This is in the better half of the industry: MMYT outperforms 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 6.3
Altman-Z 0.43
ROIC/WACC1.05
WACC9.35%
MMYT Yearly LT Debt VS Equity VS FCFMMYT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 1.85 indicates that MMYT should not have too much problems paying its short term obligations.
  • MMYT's Current ratio of 1.85 is amongst the best of the industry. MMYT outperforms 80.16% of its industry peers.
  • A Quick Ratio of 1.85 indicates that MMYT should not have too much problems paying its short term obligations.
  • MMYT has a Quick ratio of 1.85. This is amongst the best in the industry. MMYT outperforms 80.95% of its industry peers.
Industry RankSector Rank
Current Ratio 1.85
Quick Ratio 1.85
MMYT Yearly Current Assets VS Current LiabilitesMMYT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. MMYT Growth Analysis

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%.
  • 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)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

  • Based on estimates for the next years, MMYT will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.91% on average per year.
  • MMYT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.33% yearly.
EPS Next Y7.46%
EPS Next 2Y19.83%
EPS Next 3Y18.91%
EPS Next 5YN/A
Revenue Next Year13.51%
Revenue Next 2Y15.6%
Revenue Next 3Y17.33%
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.
MMYT Yearly Revenue VS EstimatesMMYT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
MMYT Yearly EPS VS EstimatesMMYT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 2 -2

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Find the best growth stocksShow best growing peers

2

4. MMYT Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 28.44 indicates a quite expensive valuation of MMYT.
  • Compared to the rest of the industry, the Price/Earnings ratio of MMYT is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 25.70. MMYT is around the same levels.
  • The Price/Forward Earnings ratio is 20.85, which indicates a rather expensive current valuation of MMYT.
  • The rest of the industry has a similar Price/Forward Earnings ratio as MMYT.
  • When comparing the Price/Forward Earnings ratio of MMYT to the average of the S&P500 Index (23.84), we can say MMYT is valued inline with the index average.
Industry RankSector Rank
PE 28.44
Fwd PE 20.85
MMYT Price Earnings VS Forward Price EarningsMMYT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 77.78% of the companies in the same industry are cheaper than MMYT, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, MMYT is valued a bit cheaper than 72.22% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.33
EV/EBITDA 32.7
MMYT Per share dataMMYT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

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 18.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.81
PEG (5Y)N/A
EPS Next 2Y19.83%
EPS Next 3Y18.91%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. MMYT Dividend Analysis

5.1 Amount

  • No dividends for MMYT!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

MMYT Fundamentals: All Metrics, Ratios and Statistics

MAKEMYTRIP LTD

NASDAQ:MMYT (3/13/2026, 8:00:00 PM)

After market: 45.5 0 (0%)

45.5

-0.03 (-0.07%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)01-21
Earnings (Next)05-04
Inst Owners98.27%
Inst Owner Change0.96%
Ins Owners0.34%
Ins Owner ChangeN/A
Market Cap4.33B
Revenue(TTM)1.04B
Net Income(TTM)56.75M
Analysts85.88
Price Target105.17 (131.14%)
Short Float %9.63%
Short Ratio4.09
Dividend
Industry RankSector 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)-0.96%
PT rev (3m)-8.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.19%
EPS NY rev (1m)0%
EPS NY rev (3m)17.43%
Revenue NQ rev (1m)-0.91%
Revenue NQ rev (3m)-3.06%
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)-1.88%
Valuation
Industry RankSector Rank
PE 28.44
Fwd PE 20.85
P/S 4.17
P/FCF 19.33
P/OCF 19.33
P/B N/A
P/tB N/A
EV/EBITDA 32.7
EPS(TTM)1.6
EY3.52%
EPS(NY)2.18
Fwd EY4.8%
FCF(TTM)2.35
FCFY5.17%
OCF(TTM)2.35
OCFY5.17%
SpS10.92
BVpS-0.13
TBVpS-6.02
PEG (NY)3.81
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector 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 RankSector 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 0.43
F-Score5
WACC9.35%
ROIC/WACC1.05
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 Y7.46%
EPS Next 2Y19.83%
EPS Next 3Y18.91%
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 2Y15.6%
Revenue Next 3Y17.33%
Revenue Next 5YN/A
EBIT growth 1Y27.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year29.66%
EBIT Next 3Y28.61%
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 Fundamental Analysis 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 7.46% in the next year.