Symbols / MMYT Stock $45.88 -4.38% MakeMyTrip Limited

Consumer Cyclical • Travel Services • India • NMS
MMYT (Stock) Chart
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About

MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air ticketing, hotels and packages, bus tickets, rail tickets, and car hire; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products, foreign currency exchange services, and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands. The company allows travelers to research, plan, and book a range of travel services and products in India and internationally through its primary websites, including makemytrip.com, goibibo.com, redbus.in, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, franchisee-owned travel stores, and travel agents' network, as well as its mobile applications. It primarily serves leisure travelers and corporates. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in March 2010. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.

Stock Fundamentals
Scroll to Statements
Market Cap 4.37B Enterprise Value 5.08B Income 56.75M Sales 1.04B Book/sh -0.12 Cash/sh 8.33
Dividend Yield — Payout 0.00% Employees 5122 IPO — P/E 88.23 Forward P/E 22.41
PEG 5.39 P/S 4.20 P/B -385.55 P/C — EV/EBITDA 30.66 EV/Sales 4.89
Quick Ratio 1.59 Current Ratio 1.85 Debt/Eq — LT Debt/Eq — EPS (ttm) 0.52 EPS next Y 2.05
EPS Growth -69.60% Revenue Growth 10.60% Earnings 2026-05-13 ROA 5.05% ROE 9.55% ROIC —
Gross Margin 57.67% Oper. Margin 13.83% Profit Margin 5.46% Shs Outstand 89.57M Shs Float 25.16M Short Float 11.84%
Short Ratio 4.81 Short Interest — 52W High 113.85 52W Low 32.67 Beta 0.83 Avg Volume 1.93M
Volume 1.20M Target Price $88.10 Recom Strong_buy Prev Close $47.98 Price $45.88 Change -4.38%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$88.10
Mean price target
2. Current target
$45.88
Latest analyst target
3. DCF / Fair value
$25.49
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$45.88
Low
$60.00
High
$117.00
Mean
$88.10

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-13 main Citigroup Buy → Buy $80
2026-01-21 main Citigroup Buy → Buy $96
2025-12-24 main B of A Securities Buy → Buy $113
2025-07-23 main Citigroup Buy → Buy $120
2025-06-24 up Macquarie Neutral → Outperform $110
2025-05-15 main Citigroup Buy → Buy $125
2024-12-27 main B of A Securities Buy → Buy $130
2024-10-24 main B of A Securities Buy → Buy $119
2024-08-27 main B of A Securities Buy → Buy $112
2024-07-24 main Citigroup Buy → Buy $115
2024-07-24 main B of A Securities Buy → Buy $100
2024-07-08 main B of A Securities Buy → Buy $95
2024-02-21 down Macquarie Outperform → Neutral $60
2023-08-02 main Citigroup Buy → Buy $45
2023-07-13 reit Citigroup Buy → Buy $43
2022-12-08 up Morgan Stanley Equal-Weight → Overweight $36
2022-09-14 init JP Morgan — → Overweight $44
2022-08-30 up B of A Securities Neutral → Buy $40
2022-05-26 main Citigroup — → Buy $43
2019-11-04 up B of A Securities Underperform → Buy —
News
RSS: Latest MMYT news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
978.34
+25.02%
782.52
+31.95%
593.04
+95.13%
303.92
Operating Revenue
881.30
+20.81%
729.48
+30.18%
560.35
+96.01%
285.88
Cost Of Revenue
274.35
+27.55%
215.09
+21.13%
177.57
+202.24%
58.75
Reconciled Cost Of Revenue
274.35
+27.55%
215.09
+21.13%
177.57
+202.24%
58.75
Gross Profit
703.99
+24.06%
567.43
+36.58%
415.47
+69.46%
245.17
Operating Expense
582.70
+18.60%
491.31
+24.70%
394.01
+41.70%
278.06
Selling General And Administration
388.11
+20.28%
322.65
+31.63%
245.11
+37.64%
178.09
Selling And Marketing Expense
217.25
+33.00%
163.35
+60.77%
101.60
+99.09%
51.03
General And Administrative Expense
170.85
+7.25%
159.31
+11.00%
143.51
+12.96%
127.05
Salaries And Wages
160.06
+8.45%
147.59
+11.84%
131.97
+12.87%
116.92
Other Gand A
10.79
-7.94%
11.72
+1.51%
11.54
+13.98%
10.13
Other Operating Expenses
167.47
+18.43%
141.41
+16.25%
121.65
+72.28%
70.61
Total Expenses
857.05
+21.33%
706.40
+23.59%
571.58
+69.70%
336.81
Operating Income
121.29
+59.34%
76.12
+254.71%
21.46
+165.26%
-32.88
Total Operating Income As Reported
119.89
+83.84%
65.21
+176.28%
23.60
+177.73%
-30.37
EBITDA
159.95
+15.96%
137.93
+334.80%
31.72
+1683.77%
-2.00
Normalized EBITDA
175.87
+11.86%
157.22
+169.28%
58.38
+1170.32%
4.60
Reconciled Depreciation
27.12
-0.45%
27.25
0.00%
27.25
-7.19%
29.36
EBIT
132.83
+20.00%
110.69
+2372.35%
4.48
+114.28%
-31.36
Total Unusual Items
-15.92
+17.47%
-19.29
+27.66%
-26.66
-304.02%
-6.60
Total Unusual Items Excluding Goodwill
-15.92
+17.47%
-19.29
+27.66%
-26.66
-304.02%
-6.60
Special Income Charges
-2.57
+78.13%
-11.74
-754.26%
1.79
+11.15%
1.61
Other Special Charges
-0.02
-66.67%
-0.01
+88.00%
-0.10
+76.02%
-0.42
Impairment Of Capital Assets
1.48
+47.51%
1.00
+569.33%
0.15
-3.23%
0.15
Write Off
1.17
-89.27%
10.88
+3018.62%
0.35
-61.39%
0.90
Net Income
95.10
-56.13%
216.80
+2015.03%
-11.32
+75.07%
-45.41
Pretax Income
115.89
+24.70%
92.94
+865.30%
-12.14
+73.98%
-46.67
Net Non Operating Interest Income Expense
10.58
-70.65%
36.05
+618.51%
-6.95
+3.75%
-7.22
Interest Expense Non Operating
16.94
-4.57%
17.75
+6.79%
16.62
+8.54%
15.31
Net Interest Income
10.58
-70.65%
36.05
+618.51%
-6.95
+3.75%
-7.22
Interest Expense
16.94
-4.57%
17.75
+6.79%
16.62
+8.54%
15.31
Interest Income Non Operating
28.26
+16.24%
24.31
+121.51%
10.97
+9.96%
9.98
Interest Income
28.26
+16.24%
24.31
+121.51%
10.97
+9.96%
9.98
Other Income Expense
-15.98
+16.91%
-19.23
+27.83%
-26.65
-305.96%
-6.57
Other Non Operating Income Expenses
—
—
-0.67
+43.01%
-1.18
Gain On Sale Of Security
-13.35
-76.99%
-7.54
+73.49%
-28.46
-246.43%
-8.21
Gain On Sale Of Business
0.00
0.00
-100.00%
2.02
-10.40%
2.25
Tax Provision
20.62
+116.65%
-123.81
-12584.94%
-0.98
+11.83%
-1.11
Tax Rate For Calcs
0.00
-40.70%
0.00
+273.28%
0.00
+238.85%
0.00
Tax Effect Of Unusual Items
-2.83
+51.06%
-5.79
-170.04%
-2.14
-1269.03%
-0.16
Net Income Including Noncontrolling Interests
95.27
-56.04%
216.74
+2040.75%
-11.17
+75.49%
-45.57
Net Income From Continuing Operation Net Minority Interest
95.10
-56.13%
216.80
+2015.03%
-11.32
+75.07%
-45.41
Net Income From Continuing And Discontinued Operation
95.10
-56.13%
216.80
+2015.03%
-11.32
+75.07%
-45.41
Net Income Continuous Operations
95.27
-56.04%
216.74
+2040.75%
-11.17
+75.49%
-45.57
Minority Interests
-0.17
-398.28%
0.06
+137.91%
-0.15
-194.44%
0.16
Normalized Income
108.19
-53.02%
230.30
+1645.07%
13.20
+133.87%
-38.96
Net Income Common Stockholders
95.10
-56.13%
216.80
+2015.03%
-11.32
+75.07%
-45.41
Diluted EPS
0.83
-52.30%
1.74
+1840.00%
-0.10
+76.19%
-0.42
Basic EPS
0.84
-56.92%
1.95
+2050.00%
-0.10
+76.19%
-0.42
Basic Average Shares
112.59
+1.35%
111.09
+1.31%
109.66
+1.09%
108.47
Diluted Average Shares
114.54
-3.13%
118.24
+7.82%
109.66
+1.09%
108.47
Diluted NI Availto Com Stockholders
95.10
-56.13%
216.80
+2015.03%
-11.32
+75.07%
-45.41
Amortization
18.01
-9.07%
19.81
-6.34%
21.15
-9.36%
23.34
Amortization Of Intangibles Income Statement
18.01
-9.07%
19.81
-6.34%
21.15
-9.36%
23.34
Depreciation Amortization Depletion Income Statement
27.12
-0.45%
27.25
0.00%
27.25
-7.19%
29.36
Depreciation And Amortization In Income Statement
27.12
-0.45%
27.25
0.00%
27.25
-7.19%
29.36
Depreciation Income Statement
9.11
+22.51%
7.44
+21.98%
6.10
+1.21%
6.02
Earnings From Equity Interest
-0.06
-223.08%
0.05
+420.00%
0.01
-70.59%
0.03
Gain On Sale Of PPE
0.06
-53.79%
0.13
-25.42%
0.18
+2850.00%
0.01
Total Other Finance Cost
0.74
+102.50%
-29.49
-2358.27%
1.31
-30.94%
1.89
Line Item Trend 2025-03-31 2024-03-31
Total Assets
1,828.29
+10.13%
1,660.08
Current Assets
1,065.27
+24.26%
857.28
Cash Cash Equivalents And Short Term Investments
761.18
+25.45%
606.79
Cash And Cash Equivalents
508.90
+55.60%
327.06
Cash Equivalents
245.39
+105.74%
119.27
Cash Financial
263.50
+26.81%
207.79
Other Short Term Investments
252.29
-9.81%
279.72
Receivables
150.79
+55.18%
97.17
Accounts Receivable
141.14
+53.50%
91.95
Other Receivables
0.51
+100.40%
0.25
Taxes Receivable
9.14
+84.76%
4.95
Loans Receivable
0.00
-100.00%
0.02
Inventory
0.36
+66.51%
0.22
Prepaid Assets
149.84
-0.13%
150.03
Restricted Cash
—
—
Other Current Assets
3.10
+0.85%
3.07
Total Non Current Assets
763.02
-4.96%
802.80
Net PPE
26.46
+2.17%
25.89
Gross PPE
54.22
+13.11%
47.93
Accumulated Depreciation
-27.76
-25.97%
-22.04
Properties
0.00
0.00
Land And Improvements
0.82
+7.16%
0.77
Buildings And Improvements
22.70
+8.08%
21.00
Machinery Furniture Equipment
24.22
+16.78%
20.74
Construction In Progress
0.00
0.00
Leases
6.48
+19.41%
5.42
Goodwill And Other Intangible Assets
597.79
-2.54%
613.39
Goodwill
551.90
-1.43%
559.88
Other Intangible Assets
45.89
-14.23%
53.50
Investments And Advances
5.02
+15.34%
4.35
Long Term Equity Investment
1.91
-5.34%
2.02
Non Current Accounts Receivable
26.92
-9.55%
29.77
Non Current Deferred Assets
106.43
-17.70%
129.32
Non Current Deferred Taxes Assets
106.43
-17.70%
129.32
Non Current Prepaid Assets
0.40
+372.94%
0.09
Total Liabilities Net Minority Interest
620.31
+14.10%
543.66
Current Liabilities
576.61
+93.77%
297.57
Payables And Accrued Expenses
155.25
+22.23%
127.02
Payables
99.49
+31.73%
75.52
Accounts Payable
91.24
+36.06%
67.05
Other Payable
8.25
-2.56%
8.47
Current Accrued Expenses
55.76
+8.29%
51.49
Employee Benefits
14.71
+26.09%
11.66
Current Debt And Capital Lease Obligation
222.68
+4533.33%
4.81
Current Debt
218.10
+19425.16%
1.12
Other Current Borrowings
217.56
+19377.17%
1.12
Current Capital Lease Obligation
4.58
+24.21%
3.69
Current Deferred Liabilities
120.10
+29.05%
93.06
Current Deferred Revenue
120.10
+29.05%
93.06
Other Current Liabilities
27.58
+2.83%
26.82
Total Non Current Liabilities Net Minority Interest
43.70
-82.24%
246.09
Long Term Debt And Capital Lease Obligation
13.89
-93.59%
216.82
Long Term Debt
3.12
-98.47%
203.85
Long Term Capital Lease Obligation
10.78
-16.90%
12.97
Non Current Deferred Liabilities
2.70
-47.73%
5.17
Non Current Deferred Revenue
0.17
-57.63%
0.41
Non Current Deferred Taxes Liabilities
2.53
-46.87%
4.75
Other Non Current Liabilities
12.40
-0.34%
12.44
Stockholders Equity
1,202.63
+8.26%
1,110.86
Common Stock Equity
1,202.63
+8.26%
1,110.86
Capital Stock
0.06
+1.82%
0.06
Common Stock
0.06
+1.82%
0.06
Share Issued
111.26
+1.35%
109.78
Ordinary Shares Number
111.03
+1.13%
109.78
Treasury Shares Number
0.24
0.00
Additional Paid In Capital
2,203.45
+1.95%
2,161.22
Retained Earnings
-929.87
+8.88%
-1,020.52
Minority Interest
5.35
-3.88%
5.56
Total Equity Gross Minority Interest
1,207.98
+8.20%
1,116.42
Total Capitalization
1,205.75
-8.29%
1,314.70
Working Capital
488.65
-12.69%
559.70
Invested Capital
1,423.84
+8.21%
1,315.82
Total Debt
236.57
+6.75%
221.62
Capital Lease Obligations
15.36
-7.80%
16.66
Net Tangible Assets
604.84
+21.58%
497.47
Tangible Book Value
604.84
+21.58%
497.47
Available For Sale Securities
2.21
+47.66%
1.49
Current Provisions
51.01
+11.21%
45.87
Duefrom Related Parties Current
—
—
Duefrom Related Parties Non Current
—
—
Financial Assets Designatedas Fair Value Through Profitor Loss Total
0.90
+7.56%
0.83
Investmentin Financial Assets
3.10
+33.30%
2.33
Investmentsin Associatesat Cost
—
—
Line Of Credit
0.54
0.00
Other Equity Interest
-71.00
-137.48%
-29.90
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
185.29
+47.36%
125.74
+290.34%
32.21
+419.48%
6.20
Cash Flow From Continuing Operating Activities
185.29
+47.36%
125.74
+290.34%
32.21
+419.48%
6.20
Net Income From Continuing Operations
95.27
-56.04%
216.74
+2040.75%
-11.17
+75.49%
-45.57
Depreciation Amortization Depletion
27.12
-0.45%
27.25
0.00%
27.25
-7.19%
29.36
Depreciation
9.11
+22.51%
7.44
+21.98%
6.10
+1.21%
6.02
Amortization Cash Flow
18.01
-9.07%
19.81
-6.34%
21.15
-9.36%
23.34
Depreciation And Amortization
27.12
-0.45%
27.25
0.00%
27.25
-7.19%
29.36
Amortization Of Intangibles
18.01
-9.07%
19.81
-6.34%
21.15
-9.36%
23.34
Other Non Cash Items
3.92
+114.14%
-27.68
-177.64%
35.66
+123.91%
15.93
Stock Based Compensation
36.02
-2.56%
36.96
+3.70%
35.64
-2.73%
36.65
Provisionand Write Offof Assets
—
—
—
0.00
Asset Impairment Charge
1.48
-86.60%
11.05
+7267.33%
0.15
-3.23%
0.15
Deferred Tax
20.62
+116.65%
-123.81
-12584.94%
-0.98
+11.83%
-1.11
Deferred Income Tax
20.62
+116.65%
-123.81
-12584.94%
-0.98
+11.83%
-1.11
Operating Gains Losses
0.00
+101.63%
-0.18
+91.65%
-2.20
+3.80%
-2.29
Gain Loss On Sale Of PPE
-0.06
+53.79%
-0.13
+25.42%
-0.18
-2850.00%
-0.01
Change In Working Capital
6.41
+230.05%
-4.92
+89.72%
-47.93
-25.55%
-38.17
Change In Receivables
-52.42
-108.76%
-25.11
+33.35%
-37.67
-242.06%
-11.01
Changes In Account Receivables
—
-25.11
+33.35%
-37.67
-242.06%
-11.01
Change In Inventory
-0.14
+25.64%
-0.20
-3150.00%
-0.01
-120.69%
0.03
Change In Payables And Accrued Expense
51.18
+20.36%
42.52
-0.35%
42.67
+60.83%
26.54
Change In Payable
51.18
+20.36%
42.52
-0.35%
42.67
+60.83%
26.54
Change In Other Working Capital
2.27
+33.26%
1.71
+93.97%
0.88
-38.66%
1.43
Change In Other Current Assets
0.43
+101.01%
-42.45
+16.81%
-51.03
-77.08%
-28.82
Change In Other Current Liabilities
5.09
-72.64%
18.61
+772.50%
-2.77
+89.49%
-26.34
Investing Cash Flow
26.44
+134.98%
-75.59
-262.11%
46.63
+159.93%
-77.81
Cash Flow From Continuing Investing Activities
26.44
+134.98%
-75.59
-262.11%
46.63
+159.93%
-77.81
Net PPE Purchase And Sale
-4.04
+26.82%
-5.51
+22.09%
-7.08
-153.27%
-2.79
Purchase Of PPE
-4.47
+24.24%
-5.90
+21.16%
-7.49
-141.66%
-3.10
Sale Of PPE
0.44
+12.34%
0.39
-5.12%
0.41
+34.87%
0.30
Capital Expenditure
-11.76
+8.28%
-12.82
+24.12%
-16.90
-30.90%
-12.91
Net Investment Purchase And Sale
23.91
+130.77%
-77.72
-237.46%
56.54
+177.75%
-72.72
Purchase Of Investment
-379.28
+10.47%
-423.62
-68.26%
-251.77
+30.16%
-360.49
Sale Of Investment
403.19
+16.56%
345.90
+12.19%
308.31
+7.14%
287.77
Net Business Purchase And Sale
-10.39
-60.50%
-6.48
-344.47%
-1.46
-533.63%
0.34
Purchase Of Business
-10.39
-60.50%
-6.48
-344.47%
-1.46
0.00
Gain Loss On Sale Of Business
—
—
—
0.00
Net Intangibles Purchase And Sale
-7.29
-5.33%
-6.92
+26.48%
-9.41
+4.08%
-9.81
Purchase Of Intangibles
-7.29
-5.33%
-6.92
+26.48%
-9.41
+4.08%
-9.81
Net Other Investing Changes
-0.49
+44.63%
-0.89
-504.05%
-0.15
+27.09%
-0.20
Financing Cash Flow
-22.89
-267.08%
-6.24
-0.47%
-6.21
+35.13%
-9.57
Cash Flow From Continuing Financing Activities
-22.89
-267.08%
-6.24
-0.47%
-6.21
+35.13%
-9.57
Net Issuance Payments Of Debt
-5.22
-160.90%
-2.00
-100.80%
-1.00
+7.86%
-1.08
Issuance Of Debt
0.00
-100.00%
2.11
-2.49%
2.17
+85.46%
1.17
Repayment Of Debt
-5.22
-26.84%
-4.11
-30.03%
-3.16
-40.62%
-2.25
Long Term Debt Issuance
0.00
-100.00%
2.11
-2.49%
2.17
+85.46%
1.17
Long Term Debt Payments
-5.22
-26.84%
-4.11
-30.03%
-3.16
-40.62%
-2.25
Net Long Term Debt Issuance
-5.22
-160.90%
-2.00
-100.80%
-1.00
+7.86%
-1.08
Net Common Stock Issuance
-21.72
0.00
0.00
—
Common Stock Payments
-21.72
0.00
0.00
—
Cash Dividends Paid
0.00
0.00
0.00
0.00
Repurchase Of Capital Stock
-21.72
0.00
0.00
—
Proceeds From Stock Option Exercised
6.89
+14.88%
6.00
+172.50%
2.20
+6011.11%
0.04
Net Other Financing Charges
—
-7.43
-47.51%
-5.04
+18.36%
-6.17
Changes In Cash
188.84
+330.02%
43.91
-39.54%
72.63
+189.48%
-81.17
Effect Of Exchange Rate Changes
-7.54
-769.90%
-0.87
+54.34%
-1.90
-212.34%
-0.61
Beginning Cash Position
327.06
+15.16%
284.02
+33.16%
213.28
-27.72%
295.07
End Cash Position
508.36
+55.43%
327.06
+15.16%
284.02
+33.16%
213.28
Free Cash Flow
173.52
+53.68%
112.92
+637.43%
15.31
+328.20%
-6.71
Earnings Losses From Equity Investments
0.06
+223.08%
-0.05
+97.43%
-2.03
+11.29%
-2.29
Interest Paid CFF
-2.84
-1.21%
-2.80
-18.01%
-2.38
-0.81%
-2.36
Interest Received CFI
24.75
+12.82%
21.93
+168.02%
8.18
+10.76%
7.39
Sale Of Business
—
0.00
0.00
-100.00%
0.34
Taxes Refund Paid
-5.55
+42.59%
-9.66
-129.71%
-4.21
-137.37%
11.26
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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