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MakeMyTrip Limited

MMYT

Last
$44.73
Day
+2.8%
1y
-53.9%
5y
+56.5%
52w
-54.9%
SPY YTD
+13.3%
XLY
-5.6%
Earnings
2026-10-2716d
EMA 21
47.16
EMA 50
50.43
EMA 200
57.19
20d high
-14.6%
5y high
-64.6%
5y range
23th
Website · 5,507 employees · India

Positions held

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Score
-24
Hold
avoid
Signal
Strong Sell
Target
$47.11
Stop
$40.54
Stop distance
9.4%
Target vs last
+5.3%

Bull / bear case

Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.

Bull case
  • MakeMyTrip Limited is well-positioned in the travel services industry, leveraging its strong brand recognition and market presence to capture a growing consumer base.
  • Revenue increased by 14% compared to the prior quarter, reaching $286 million.
  • The company maintains a gross margin of 71%, despite a slight decrease from the previous quarter's 76.2%.
Bear case
  • The company's earnings growth has been negative, with a decline of 60.8% year-over-year, indicating potential challenges in profitability.
  • The stock has a trailing P/E ratio of 216.85, suggesting it may be overvalued compared to its earnings.
  • The current score indicates a 'Strong Sell' signal with a score of -24.00, reflecting bearish market trends.

Fundamentals

Market cap$4.09BEnterprise value$4.89BTrailing P/E217.65Forward P/E17.53
PEG5.39Price / book-60.80Beta1.07Dividend yield0.00%
Revenue growth6.2%Earnings growth-60.8%Gross margin58.6%Operating margin15.3%
Profit margin3.2%ROE28.7%ROA3.0%Debt / equity—
Current ratio3.13Free cash flow$41.22MAnalyst recommendationstrong_buyMean target$73.80
52w high$96.6052w low$32.67

Quarterly

2026-Q22026-Q12025-Q42025-Q32025-Q2
Revenue$286M$250M$296M$229M$269M
Op margin15.3%16.0%13.8%15.0%15.0%
Net income$8.3M$24.2M$7.2M-$5.6M$25.9M
Gross margin71.1%76.2%70.3%77.5%72.1%
Gross profit$203M$191M$208M$178M$194M
Operating income$43.7M$40.1M$40.9M$34.4M$40.4M
  • Revenue +14% vs prior quarter ($286M vs $250M).
  • Gross margin 71% (was 76.2% prior quarter).

Yearly (6y)

2026202520242023
Revenue$1.0B$978M$783M$593M
Op margin14.9%12.4%9.7%3.6%
Net income$51.8M$95.1M$217M-$11.3M
Gross margin73.8%72.0%72.5%70.1%
Gross profit$770M$704M$567M$415M
Operating income$156M$121M$76.0M$21.5M
Headline scan

No flags

• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).

News

MMYT · daily-10.0% over 13 sessions
Close EMA21 EMA50 EMA200
41.3643.3845.3947.4149.432026-092026-092026-092026-092026-102026-102026-10
Quarterly · revenue, net income, margins
Revenue Net income Gross margin Op margin
-$6M$70M$145M$220M$296M0%39%78%2025-Q22025-Q32025-Q42026-Q12026-Q2