Stock AnalizMakeMyTrip Ltd MMYT
Transportation Services · IPO 2010 · data as of November 13, 2026
MakeMyTrip Ltd (MMYT) is a consumer discretionary company listed in the US with a market value of about $4.8B. In the twelve months to September 30, 2026 it had revenue of $1.1B and net income of $42M, a net margin of 3.9%.
Its overall Stock Analiz score is 1.0 out of 5 (weak). The strongest part is future growth (2/5); the weakest is value (0/5).
Key numbers: a P/E of 189.6, a price to free cash flow of 31.1, 5-year revenue growth of 14% a year, a 5-year average ROIC of 1%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 56% below the current price.
Score: 1.0 / 5
Checks passed
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- 5-year revenue growth above 8% a year
- Positive free cash flow
- Liabilities below 60% of assets
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- Profit margin improving
- Strong R&D investment or growth above 20%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $978M | $783M | $593M | $304M | $163M | $512M | $486M | $675M | $448M |
| Net income | $42M | $52M | $95M | $217M | -$11M | -$45M | -$56M | -$448M | -$168M | -$218M | -$110M |
| Free cash flow | $155M | $168M | $181M | $120M | $25M | $3M | $64M | -$116M | -$82M | -$130M | -$117M |
| EPS (diluted) | $0.40 | $0.47 | $1.01 | $2.31 | $-0.12 | $-0.48 | $-0.59 | $-4.76 | $-1.78 | $-2.32 | $-1.17 |
| Net margin | 3.9% | 5.0% | 9.7% | 27.7% | -1.9% | -14.9% | -34.0% | -87.5% | -34.5% | -32.4% | -24.6% |
| ROIC | — | — | 6.9% | 3.9% | 2.0% | -2.7% | -5.7% | -48.6% | -11.2% | -11.1% | -7.6% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 10 analysts is $67.70, 32% above the current price; targets range from $55.00 to $80.00; the consensus rating is “none”; expected EPS is $1.97 for the fiscal year ending March 31, 2027.
Frequently asked questions
What is MakeMyTrip’s P/E ratio?
About 189.6, based on the last twelve months of diluted earnings per share (forward P/E about 23.3).
Is MakeMyTrip stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 56% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does MakeMyTrip pay a dividend?
Not currently.
Is MakeMyTrip a good stock to buy?
We do not give buy or sell advice. MakeMyTrip scores 1.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.