MMYT Chart
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.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Travel Services Market Cap 5.42B
Enterprise Value 6.10B Income 56.75M Sales 1.04B
Book/sh -0.12 Cash/sh 8.33 Dividend Yield —
Payout 0.00% Employees 5122 IPO —
P/E 109.53 Forward P/E 26.39 PEG —
P/S 5.21 P/B -478.61 P/C —
EV/EBITDA 36.81 EV/Sales 5.87 Quick Ratio 1.59
Current Ratio 1.85 Debt/Eq — LT Debt/Eq —
EPS (ttm) 0.52 EPS next Y 2.16 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 25.15M Short Float 8.30% Short Ratio 4.12
Short Interest — 52W High 113.85 52W Low 53.09
Beta 0.62 Avg Volume 1.65M Volume 570.22K
Target Price $101.90 Recom Strong_buy Prev Close $56.32
Price $56.95 Change 1.13%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$101.90
Mean price target
2. Current target
$56.96
Latest analyst target
3. DCF / Fair value
$25.49
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$56.96
Low
$85.00
High
$117.00
Mean
$101.90

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
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 —
2019-04-30 down B of A Securities Buy → Underperform $25
Insider Transactions

No recent insider transactions.

Financials
Line Item2025-03-312024-03-312023-03-312022-03-31
TaxEffectOfUnusualItems-2.83M-5.79M-2.14M-156.51K
TaxRateForCalcs0.180.300.080.02
NormalizedEBITDA175.87M157.22M58.38M4.60M
TotalUnusualItems-15.92M-19.29M-26.66M-6.60M
TotalUnusualItemsExcludingGoodwill-15.92M-19.29M-26.66M-6.60M
NetIncomeFromContinuingOperationNetMinorityInterest95.10M216.80M-11.32M-45.41M
ReconciledDepreciation27.12M27.25M27.25M29.36M
ReconciledCostOfRevenue274.35M215.09M177.57M58.75M
EBITDA159.95M137.93M31.72M-2.00M
EBIT132.83M110.69M4.48M-31.36M
NetInterestIncome10.58M36.05M-6.95M-7.22M
InterestExpense16.94M17.75M16.62M15.31M
InterestIncome28.26M24.31M10.97M9.98M
NormalizedIncome108.19M230.30M13.20M-38.96M
NetIncomeFromContinuingAndDiscontinuedOperation95.10M216.80M-11.32M-45.41M
TotalExpenses857.05M706.40M571.58M336.81M
TotalOperatingIncomeAsReported119.89M65.21M23.60M-30.37M
DilutedAverageShares114.54M118.24M109.66M108.47M
BasicAverageShares112.59M111.09M109.66M108.47M
DilutedEPS0.831.74-0.10-0.42
BasicEPS0.841.95-0.10-0.42
DilutedNIAvailtoComStockholders95.10M216.80M-11.32M-45.41M
NetIncomeCommonStockholders95.10M216.80M-11.32M-45.41M
NetIncome95.10M216.80M-11.32M-45.41M
MinorityInterests-173.00K58.00K-153.00K162.00K
NetIncomeIncludingNoncontrollingInterests95.27M216.74M-11.17M-45.57M
NetIncomeContinuousOperations95.27M216.74M-11.17M-45.57M
TaxProvision20.62M-123.81M-976.00K-1.11M
PretaxIncome115.89M92.94M-12.14M-46.67M
OtherIncomeExpense-15.98M-19.23M-26.65M-6.57M
OtherNonOperatingIncomeExpenses-673.00K-1.18M350.00K
SpecialIncomeCharges-2.57M-11.74M1.79M1.61M
GainOnSaleOfPPE61.00K132.00K177.00K6.00K
GainOnSaleOfBusiness0.000.002.02M2.25M
OtherSpecialCharges-20.00K-12.00K-100.00K-417.00K
WriteOff1.17M10.88M349.00K904.00K
ImpairmentOfCapitalAssets1.48M1.00M150.00K155.00K
EarningsFromEquityInterest-64.00K52.00K10.00K34.00K
GainOnSaleOfSecurity-13.35M-7.54M-28.46M-8.21M
NetNonOperatingInterestIncomeExpense10.58M36.05M-6.95M-7.22M
TotalOtherFinanceCost736.00K-29.49M1.31M1.89M
InterestExpenseNonOperating16.94M17.75M16.62M15.31M
InterestIncomeNonOperating28.26M24.31M10.97M9.98M
OperatingIncome121.29M76.12M21.46M-32.88M
OperatingExpense582.70M491.31M394.01M278.06M
OtherOperatingExpenses167.47M141.41M121.65M70.61M
DepreciationAmortizationDepletionIncomeStatement27.12M27.25M27.25M29.36M
DepreciationAndAmortizationInIncomeStatement27.12M27.25M27.25M29.36M
Amortization18.01M19.81M21.15M23.34M
AmortizationOfIntangiblesIncomeStatement18.01M19.81M21.15M23.34M
DepreciationIncomeStatement9.11M7.44M6.10M6.02M
SellingGeneralAndAdministration388.11M322.65M245.11M178.09M
SellingAndMarketingExpense217.25M163.35M101.60M51.03M
GeneralAndAdministrativeExpense170.85M159.31M143.51M127.05M
OtherGandA10.79M11.72M11.54M10.13M
SalariesAndWages160.06M147.59M131.97M116.92M
GrossProfit703.99M567.43M415.47M245.17M
CostOfRevenue274.35M215.09M177.57M58.75M
TotalRevenue978.34M782.52M593.04M303.92M
OperatingRevenue881.30M729.48M560.35M285.88M
Line Item2025-03-312024-03-31
TreasurySharesNumber236.01K0.00
OrdinarySharesNumber111.03M109.78M106.13M105.27M
ShareIssued111.26M109.78M106.13M105.27M
TotalDebt236.57M221.62M235.16M216.58M
TangibleBookValue604.84M497.47M240.59M208.48M
InvestedCapital1.42B1.32B1.09B1.10B
WorkingCapital488.65M559.70M218.25M400.15M
NetTangibleAssets604.84M497.47M240.59M208.48M
CapitalLeaseObligations15.36M16.66M16.38M13.95M
CommonStockEquity1.20B1.11B869.57M894.13M
TotalCapitalization1.21B1.31B871.47M1.10B
TotalEquityGrossMinorityInterest1.21B1.12B876.06M896.48M
MinorityInterest5.35M5.56M6.49M2.34M
StockholdersEquity1.20B1.11B869.57M894.13M
OtherEquityInterest-71.00M-29.90M40.14M73.57M
RetainedEarnings-929.87M-1.02B-1.23B-1.21B
AdditionalPaidInCapital2.20B2.16B2.06B2.03B
CapitalStock56.00K55.00K53.00K53.00K
CommonStock56.00K55.00K53.00K53.00K
TotalLiabilitiesNetMinorityInterest620.31M543.66M483.77M426.27M
TotalNonCurrentLiabilitiesNetMinorityInterest43.70M246.09M30.11M235.05M
OtherNonCurrentLiabilities12.40M12.44M4.51M9.13M
EmployeeBenefits14.71M11.66M8.89M9.09M
NonCurrentDeferredLiabilities2.70M5.17M1.06M3.03M
NonCurrentDeferredRevenue175.00K413.00K240.00K434.00K
NonCurrentDeferredTaxesLiabilities2.53M4.75M822.00K2.60M
LongTermDebtAndCapitalLeaseObligation13.89M216.82M15.65M213.81M
LongTermCapitalLeaseObligation10.78M12.97M13.75M11.61M
LongTermDebt3.12M203.85M1.90M202.19M
CurrentLiabilities576.61M297.57M453.66M191.22M
OtherCurrentLiabilities27.58M26.82M27.93M30.00M
CurrentDeferredLiabilities120.10M93.06M75.48M53.59M
CurrentDeferredRevenue120.10M93.06M75.48M53.59M
CurrentDebtAndCapitalLeaseObligation222.68M4.81M219.51M2.78M
CurrentCapitalLeaseObligation4.58M3.69M2.63M2.34M
CurrentDebt218.10M1.12M216.88M437.00K
OtherCurrentBorrowings217.56M1.12M216.88M437.00K
LineOfCredit536.00K0.00
CurrentProvisions51.01M45.87M34.02M35.97M
PayablesAndAccruedExpenses155.25M127.02M96.71M68.88M
CurrentAccruedExpenses55.76M51.49M44.03M29.31M
Payables99.49M75.52M52.68M39.57M
OtherPayable8.25M8.47M6.93M6.05M
AccountsPayable91.24M67.05M45.75M33.52M
TotalAssets1.83B1.66B1.36B1.32B
TotalNonCurrentAssets763.02M802.80M687.91M731.38M
NonCurrentPrepaidAssets402.00K85.00K53.00K82.00K
NonCurrentDeferredAssets106.43M129.32M0.00
NonCurrentDeferredTaxesAssets106.43M129.32M0.00
DuefromRelatedPartiesNonCurrent0.0053.00K55.00K
NonCurrentAccountsReceivable26.92M29.77M24.55M18.73M
InvestmentsAndAdvances5.02M4.35M8.96M7.59M
OtherInvestments5.51M
InvestmentinFinancialAssets3.10M2.33M6.89M4.04M
AvailableForSaleSecurities2.21M1.49M6.15M557.00K
FinancialAssetsDesignatedasFairValueThroughProfitorLossTotal896.00K833.00K740.00K3.48M
LongTermEquityInvestment1.91M2.02M2.07M3.56M
InvestmentsinAssociatesatCost3.56M5.26M
GoodwillAndOtherIntangibleAssets597.79M613.39M628.97M685.66M
OtherIntangibleAssets45.89M53.50M67.47M84.51M
Goodwill551.90M559.88M561.50M601.15M
NetPPE26.46M25.89M25.38M19.31M
AccumulatedDepreciation-27.76M-22.04M-28.67M-28.22M
GrossPPE54.22M47.93M54.05M47.53M
Leases6.48M5.42M5.39M4.55M
ConstructionInProgress0.000.0019.00K0.00
MachineryFurnitureEquipment24.22M20.74M19.94M18.56M
BuildingsAndImprovements22.70M21.00M27.88M23.58M
LandAndImprovements823.00K768.00K818.00K839.00K
Properties0.000.000.000.00
CurrentAssets1.07B857.28M671.91M591.37M
OtherCurrentAssets3.10M3.07M2.21M760.00K
RestrictedCash117.00K117.00K
PrepaidAssets149.84M150.03M119.71M77.11M
Inventory363.00K218.00K25.00K11.00K
Receivables150.79M97.17M68.90M35.91M
OtherReceivables507.00K253.00K
DuefromRelatedPartiesCurrent49.00K0.00
TaxesReceivable9.14M4.95M0.000.00
LoansReceivable0.0024.00K49.00K0.00
AccountsReceivable141.14M91.95M68.85M35.91M
CashCashEquivalentsAndShortTermInvestments761.18M606.79M481.07M477.46M
OtherShortTermInvestments252.29M279.72M197.06M264.18M
CashAndCashEquivalents508.90M327.06M284.02M213.28M
CashEquivalents245.39M119.27M77.28M27.12M
CashFinancial263.50M207.79M206.74M186.16M
Line Item2025-03-312024-03-312023-03-312022-03-31
FreeCashFlow173.52M112.92M15.31M-6.71M
RepurchaseOfCapitalStock-21.72M0.000.00
RepaymentOfDebt-5.22M-4.11M-3.16M-2.25M
IssuanceOfDebt0.002.11M2.17M1.17M
CapitalExpenditure-11.76M-12.82M-16.90M-12.91M
EndCashPosition508.36M327.06M284.02M213.28M
BeginningCashPosition327.06M284.02M213.28M295.07M
EffectOfExchangeRateChanges-7.54M-867.00K-1.90M-608.00K
ChangesInCash188.84M43.91M72.63M-81.17M
FinancingCashFlow-22.89M-6.24M-6.21M-9.57M
CashFlowFromContinuingFinancingActivities-22.89M-6.24M-6.21M-9.57M
NetOtherFinancingCharges-7.43M-5.04M-6.17M-5.97M
InterestPaidCFF-2.84M-2.80M-2.38M-2.36M
ProceedsFromStockOptionExercised6.89M6.00M2.20M36.00K
CashDividendsPaid0.000.000.000.00
NetCommonStockIssuance-21.72M0.000.00
CommonStockPayments-21.72M0.000.00
NetIssuancePaymentsOfDebt-5.22M-2.00M-996.00K-1.08M
NetLongTermDebtIssuance-5.22M-2.00M-996.00K-1.08M
LongTermDebtPayments-5.22M-4.11M-3.16M-2.25M
LongTermDebtIssuance0.002.11M2.17M1.17M
InvestingCashFlow26.44M-75.59M46.63M-77.81M
CashFlowFromContinuingInvestingActivities26.44M-75.59M46.63M-77.81M
NetOtherInvestingChanges-495.00K-894.00K-148.00K-203.00K
InterestReceivedCFI24.75M21.93M8.18M7.39M
NetInvestmentPurchaseAndSale23.91M-77.72M56.54M-72.72M
SaleOfInvestment403.19M345.90M308.31M287.77M
PurchaseOfInvestment-379.28M-423.62M-251.77M-360.49M
NetBusinessPurchaseAndSale-10.39M-6.48M-1.46M336.00K
SaleOfBusiness0.000.00336.00K0.00
PurchaseOfBusiness-10.39M-6.48M-1.46M0.00
NetIntangiblesPurchaseAndSale-7.29M-6.92M-9.41M-9.81M
PurchaseOfIntangibles-7.29M-6.92M-9.41M-9.81M
NetPPEPurchaseAndSale-4.04M-5.51M-7.08M-2.79M
SaleOfPPE437.00K389.00K410.00K304.00K
PurchaseOfPPE-4.47M-5.90M-7.49M-3.10M
OperatingCashFlow185.29M125.74M32.21M6.20M
CashFlowFromContinuingOperatingActivities185.29M125.74M32.21M6.20M
TaxesRefundPaid-5.55M-9.66M-4.21M11.26M
ChangeInWorkingCapital6.41M-4.92M-47.93M-38.17M
ChangeInOtherWorkingCapital2.27M1.71M879.00K1.43M
ChangeInOtherCurrentLiabilities5.09M18.61M-2.77M-26.34M
ChangeInOtherCurrentAssets427.00K-42.45M-51.03M-28.82M
ChangeInPayablesAndAccruedExpense51.18M42.52M42.67M26.54M
ChangeInPayable51.18M42.52M42.67M26.54M
ChangeInInventory-145.00K-195.00K-6.00K29.00K
ChangeInReceivables-52.42M-25.11M-37.67M-11.01M
ChangesInAccountReceivables-25.11M-37.67M-11.01M
OtherNonCashItems3.92M-27.68M35.66M15.93M
StockBasedCompensation36.02M36.96M35.64M36.65M
ProvisionandWriteOffofAssets0.000.00
AssetImpairmentCharge1.48M11.05M150.00K155.00K
DeferredTax20.62M-123.81M-976.00K-1.11M
DeferredIncomeTax20.62M-123.81M-976.00K-1.11M
DepreciationAmortizationDepletion27.12M27.25M27.25M29.36M
DepreciationAndAmortization27.12M27.25M27.25M29.36M
AmortizationCashFlow18.01M19.81M21.15M23.34M
AmortizationOfIntangibles18.01M19.81M21.15M23.34M
Depreciation9.11M7.44M6.10M6.02M
OperatingGainsLosses3.00K-184.00K-2.20M-2.29M
EarningsLossesFromEquityInvestments64.00K-52.00K-2.03M-2.29M
GainLossOnSaleOfPPE-61.00K-132.00K-177.00K-6.00K
GainLossOnSaleOfBusiness0.000.00
NetIncomeFromContinuingOperations95.27M216.74M-11.17M-45.57M
SEC Filings

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

Public Trades for MMYT
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