78.895 USD
+2.75 (+3.62%)
We assign a fundamental rating of 4 out of 10 to MMYT. MMYT was compared to 131 industry peers in the Hotels, Restaurants & Leisure industry. MMYT has an average financial health and profitability rating. While showing a medium growth rate, MMYT is valued expensive at the moment.
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.
In multiple years MMYT reported negative net income over the last 5 years.
MMYT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MMYT has a Return On Assets (4.12%) which is comparable to the rest of the industry.
The Return On Equity of MMYT (300.04%) is better 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 70.23% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MMYT is significantly below the industry average of 10.43%.
The 3 year average ROIC (4.91%) for MMYT is below the current ROIC(9.25%), indicating increased profibility in the last year.
| 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 has a better Profit Margin (7.57%) than 64.12% of its industry peers.
MMYT has a Operating Margin of 14.06%. This is in the better half of the industry: MMYT outperforms 66.41% of its industry peers.
Looking at the Gross Margin, with a value of 73.70%, MMYT belongs to the top of the industry, outperforming 90.08% 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 | 14.06% | ||
| 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.
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
MMYT has an Altman-Z score of 1.39. This is a bad value and indicates that MMYT is not financially healthy and even has some risk of bankruptcy.
MMYT's Altman-Z score of 1.39 is in line compared to the rest of the industry. MMYT outperforms 41.98% of its industry peers.
MMYT has a debt to FCF ratio of 8.27. This is a slightly negative value and a sign of low solvency as MMYT would need 8.27 years to pay back of all of its debts.
MMYT has a Debt to FCF ratio of 8.27. This is in the better half of the industry: MMYT outperforms 66.41% of its industry peers.
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 70.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 45.37 | ||
| Debt/FCF | 8.27 | ||
| Altman-Z | 1.39 |
ROIC/WACC0.97
WACC9.52%
2.3 Liquidity
A Current Ratio of 1.91 indicates that MMYT should not have too much problems paying its short term obligations.
MMYT's Current ratio of 1.91 is amongst the best of the industry. MMYT outperforms 83.97% 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 has a Quick ratio of 1.91. This is amongst the best in the industry. MMYT outperforms 84.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.91 |
3. Growth
3.1 Past
MMYT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.41%.
The Revenue has grown by 14.55% in the past year. This is quite good.
The Revenue has been growing by 13.85% on average over the past years. This is quite good.
EPS 1Y (TTM)5.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.78%
Revenue 1Y (TTM)14.55%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%8.7%
3.2 Future
MMYT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.53% yearly.
MMYT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.42% yearly.
EPS Next Y-8.49%
EPS Next 2Y9.44%
EPS Next 3Y15.53%
EPS Next 5YN/A
Revenue Next Year15.68%
Revenue Next 2Y17.59%
Revenue Next 3Y18.42%
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 50.57.
The rest of the industry has a similar Price/Earnings ratio as MMYT.
When comparing the Price/Earnings ratio of MMYT to the average of the S&P500 Index (26.59), we can say MMYT is valued expensively.
With a Price/Forward Earnings ratio of 43.34, MMYT can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMYT is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.80. MMYT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.57 | ||
| Fwd PE | 43.34 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MMYT indicates a rather expensive valuation: MMYT more expensive than 81.68% of the companies listed in the same industry.
MMYT's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.73 | ||
| EV/EBITDA | 44.26 |
4.3 Compensation for Growth
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 15.53% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.44%
EPS Next 3Y15.53%
5. Dividend
5.1 Amount
MMYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:MMYT (12/11/2025, 3:22:21 PM)
78.895
+2.75 (+3.62%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners96.82%
Inst Owner Change-2.48%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap7.51B
Revenue(TTM)1.01B
Net Income(TTM)76.53M
Analysts86.25
Price Target114.35 (44.94%)
Short Float %7.48%
Short Ratio5.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)-5.27%
PT rev (3m)-6.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)13.7%
EPS NY rev (1m)0%
EPS NY rev (3m)-17.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.02%
Revenue NY rev (1m)-0.34%
Revenue NY rev (3m)-2.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.57 | ||
| Fwd PE | 43.34 | ||
| P/S | 7.43 | ||
| P/FCF | 44.73 | ||
| P/OCF | 44.73 | ||
| P/B | 294.32 | ||
| P/tB | N/A | ||
| EV/EBITDA | 44.26 |
EPS(TTM)1.56
EY1.98%
EPS(NY)1.82
Fwd EY2.31%
FCF(TTM)1.76
FCFY2.24%
OCF(TTM)1.76
OCFY2.24%
SpS10.63
BVpS0.27
TBVpS-5.73
PEG (NY)N/A
PEG (5Y)N/A
Graham Number3.07
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 | 1.39 |
F-Score5
WACC9.52%
ROIC/WACC0.97
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)5.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.78%
EPS Next Y-8.49%
EPS Next 2Y9.44%
EPS Next 3Y15.53%
EPS Next 5YN/A
Revenue 1Y (TTM)14.55%
Revenue growth 3Y47.65%
Revenue growth 5Y13.85%
Sales Q2Q%8.7%
Revenue Next Year15.68%
Revenue Next 2Y17.59%
Revenue Next 3Y18.42%
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 for 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.
What is the financial health of MAKEMYTRIP LTD (MMYT) stock?
The financial health rating of MAKEMYTRIP LTD (MMYT) is 4 / 10.
What is the expected EPS growth for MAKEMYTRIP LTD (MMYT) stock?
The Earnings per Share (EPS) of MAKEMYTRIP LTD (MMYT) is expected to decline by -8.49% in the next year.