Makemytrip Limited (MMYT)
NASDAQ:MMYT
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MMYT Stock Chart & Stats
$51.02
-$0.39(-0.35%)
At close: 4:00 PM EST
$51.02
-$0.39(-0.35%)
Day’s Range― - ―
52-Week Range$32.67 - $104.99
Previous CloseN/A
Volume124.97K
Average Volume (3M)945.92K
Market Cap
$4.44B
Enterprise Value$5.42B
Total Cash (Recent Filing)$765.12M
Total Debt (Recent Filing)$1.41B
Price to Earnings (P/E)83.2
Beta1.70
Next Earnings
Jul 28, 2026EPS Estimate
0.22Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.49
Shares Outstanding89,571,500
10 Day Avg. Volume973,354
30 Day Avg. Volume945,916
Financial Highlights & Ratios
PEG Ratio-1.87
Price to Book (P/B)-56.10
Price to Sales (P/S)3.64
P/FCF Ratio0.00
Enterprise Value/Market Cap1.22
Enterprise Value/Revenue5.19
Enterprise Value/Gross Profit7.47
Enterprise Value/Ebitda26.49
Forecast
1Y Price Target
$75.20Price Target Upside47.39% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.49
Revenue Forecast (FY)$1.23B
Bulls Say, Bears Say
Bulls Say
Sustained Gross Booking GrowthMulti-year ~34% CAGR in gross bookings demonstrates durable market demand and network effects in India travel. Scale strengthens supplier access, pricing power and cross-sell opportunities, supporting structural revenue growth and higher monetization potential across segments over the next 2–6 months and beyond.
Strong Cash GenerationHigh operating cash flow and near-complete conversion of adjusted operating profit indicate robust cash generation and working-capital management. This underpins capacity for strategic investments, buybacks and liquidity buffers that support resilience through demand cycles and fund product/market expansion.
AI/Product-Driven EfficiencyRapid adoption of AI (Myra) and embedded automation generates sustainable operating leverage: higher conversion, lower acquisition/servicing costs and faster product development. These structural efficiency gains can expand margins and improve unit economics as usage scales across underpenetrated Tier‑2 and regional markets.
Bears Say
Balance Sheet DeteriorationShift to negative equity and materially higher debt weakens financial resilience and increases refinancing and covenant risk. Reduced equity cushions limit strategic flexibility for M&A or a local listing, and amplify downside in a revenue slowdown or higher interest-rate environment over the medium term.
Free Cash Flow CollapseA drop to zero free cash flow, despite strong operating cash, signals higher capex or working-capital strain that impairs capacity to deleverage, fund buybacks or invest organically without tapping external funding. That elevates liquidity and allocation risk over the coming quarters.
Geopolitical And Capacity RisksSustained geopolitical, fuel-cost and currency pressures have structurally depressed international bookings and prompted airlines to curtail capacity. These supply and demand shocks can persistently reduce higher-yield international volumes and add volatility to revenue mix and margins over the medium term.
Makemytrip News
MMYT FAQ
What was Makemytrip Limited’s price range in the past 12 months?
Makemytrip Limited lowest stock price was $32.67 and its highest was $104.99 in the past 12 months.
What is Makemytrip Limited’s market cap?
Makemytrip Limited’s market cap is $4.44B.
When is Makemytrip Limited’s upcoming earnings report date?
Makemytrip Limited’s upcoming earnings report date is Jul 28, 2026 which is in 54 days.
How were Makemytrip Limited’s earnings last quarter?
Makemytrip Limited released its earnings results on May 19, 2026. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.165 by $0.085.
Is Makemytrip Limited overvalued?
According to Wall Street analysts Makemytrip Limited’s price is currently Undervalued.
Does Makemytrip Limited pay dividends?
Makemytrip Limited does not currently pay dividends.
What is Makemytrip Limited’s EPS estimate?
Makemytrip Limited’s EPS estimate is 0.22.
How many shares outstanding does Makemytrip Limited have?
Makemytrip Limited has 89,571,500 shares outstanding.
What happened to Makemytrip Limited’s price movement after its last earnings report?
Makemytrip Limited reported an EPS of $0.25 in its last earnings report, beating expectations of $0.165. Following the earnings report the stock price went down -7.723%.
Which hedge fund is a major shareholder of Makemytrip Limited?
Currently, no hedge funds are holding shares in MMYT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Makemytrip Stock Smart Score
Underperform
1
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5
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7
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9
10
Analyst Consensus
Strong Buy
Average Price Target:
$75.20 (47.39% Upside)
$75.20 (47.39% Upside)
Blogger Sentiment
Bullish
MMYT Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 53.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 3.2%
Last 30 Days ▼ 3.2%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-56.42%
12-Months-Change
Fundamentals
Return on Equity
-38.21%
Trailing 12-Months
Asset Growth
-4.01%
Trailing 12-Months
Company Description
Makemytrip Limited
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its services and products include air tickets; hotels; packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance. The company allows travelers to research, plan, book, and purchase travel services and products through its websites, such as makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, travel stores, and travel agents' network, as well as mobile service platform. As of March 31, 2022, it had approximately 125 franchisee-owned travel stores. The company serves leisure and corporate travelers. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.
MMYT Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a predominantly constructive operating and financial picture: FY26 showed solid revenue growth, meaningful EBIT improvement (+30.1% YoY), margin expansion, strong cash generation, robust segmental gains (hotels, bus, ancillaries), accelerated AI adoption (Myra, automation) and strategic investments. At the same time, material near-term headwinds from the West Asia conflict, higher fuel costs, INR depreciation and airline capacity reductions have depressed international volumes and created demand volatility in March/April, tempering near-term guidance. Overall the positives on profitability, cash flow, product/AI momentum and diversified domestic demand outweigh the current external challenges, though management remains cautious about the near-term outlook.View all MMYT earnings summariesMMYT Stock 12 Month Forecast
Average Price Target
$75.20
▲(47.39% Upside)
Technical Analysis
Trip.com Group Sponsored ADR
―
Expedia
―
Booking Holdings
―
TripAdvisor
―
Yatra Online
―
Ownership Overview
― Insiders
21.21% Mutual Funds
36.57% Other Institutional Investors
41.42% Public Companies and
Individual Investors