MMYT

NEUTRAL

$44.62 Live

MakeMyTrip Limited · NASDAQ

Target $93.8 (+110.2%)

$32.67 52W Range $113.85

MMYT MakeMyTrip Limited - Fundamental Analysis

NEUTRAL

Console Chart News

MMYT Stock | Fundamental Analysis & Investment Insights

NASDAQ • Consumer Cyclical • Travel Services

Current Price Live

$44.62

Analyst Target

$93.8

+110.2% Upside

52W High

$113.85

52W Low

$32.67

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers Insiders

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 15, 2026

Market cap

$4.25B

P/E

85.81

ROE

9.6%

Profit margin

5.5%

Debt/Equity

N/A

Dividend yield

N/A

AI Analysis

AI-powered fundamental assessment

Confidence

80%

MMYT exhibits a strong deterministic health profile with a Piotroski F-Score of 7/9, indicating robust operational efficiency and financial stability. However, there is a severe valuation disconnect, as the current price of $44.62 trades at a massive premium to the growth-based intrinsic value of $3.64 and shows a negative Price/Book ratio. While the Forward P/E of 20.95 suggests a significant earnings recovery is expected, the technical trend remains bearish following a 54.5% one-year decline. The stock is currently a battle between strong fundamental health/analyst optimism and poor valuation/price momentum.

Key Strengths

Strong Piotroski F-Score (7/9) indicating high financial health

Healthy liquidity with a Current Ratio of 1.85 and Quick Ratio of 1.59

Strong analyst consensus (Strong Buy) with a target price of $93.80

Positive revenue growth (10.60% YoY) and strong gross margins (57.67%)

Significant improvement in Forward P/E (20.95) compared to Trailing P/E (85.81)

Key Risks

Extreme valuation premium over intrinsic value ($3.64)

Negative shareholders' equity as indicated by the Price/Book ratio (-374.96)

Severe negative price momentum (-54.5% over the last year)

High volatility in earnings growth (-69.60% YoY)

Lack of dividend support and mediocre insider sentiment (40/100)

AI Fair Value Estimate

Based on comprehensive analysis

$52.5

+17.7% above current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Moderate

Value

Future

Past

Health

Dividend

AI Verdict

Speculative Recovery

Key drivers: Piotroski Health, Forward P/E Compression, Analyst Price Targets, Negative Book Value

Confidence

85%

Value

20/100

Ref P/E, PEG, Graham Number

Positives

Forward P/E is reasonable at 20.95

Watchpoints

Trailing P/E of 85.81 is excessive
Price/Book is deeply negative
Current price is ~12x the intrinsic value formula

Future

70/100

Ref Growth rates

Positives

Strong analyst target price ($93.80)
Consistent revenue growth
Recent Q/Q EPS growth of +40.5%

Watchpoints

YoY earnings growth remains negative

Past

40/100

Ref Historical trends

Positives

Long term 5Y change is positive (+71.3%)

Watchpoints

Catastrophic 1Y return (-54.5%)
Bearish technical trend (0/100)

Health

85/100

Ref Altman Z-Score, Piotroski F-Score

Positives

Piotroski F-Score of 7/9 is strong
Current and Quick ratios indicate no short-term liquidity risk

Watchpoints

Negative equity/book value

Dividend

0/100

Ref Yield, Payout

Positives

No standout positives identified.

Watchpoints

No dividend payments
0% payout ratio

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$44.62

Analyst Target

$93.8

Upside/Downside

+110.2%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for MMYT and closest competitors.

Updated 2026-04-14

Company	5Y	3Y	1Y	6M	1M	1W
MMYT MakeMyTrip Limited Primary	+71.3%	+85.7%	-54.5%	-51.1%	-2.5%	+16.6%
FTDR Frontdoor, Inc. Peer	+4.2%	+113.0%	+45.2%	-11.7%	-10.8%	+5.7%
MAT Mattel, Inc. Peer	-28.9%	-18.0%	-4.7%	-16.0%	-9.5%	+0.1%
ANF Abercrombie & Fitch Co. Peer	+294.4%	+242.8%	-22.4%	+4.3%	-24.0%	-7.5%
ALH Alliance Laundry Holdings Inc. Peer	-21.4%	-21.4%	-21.4%	-21.4%	-13.1%	-1.6%

MMY

MakeMyTrip Limited

Primary

+71.3%

+85.7%

-54.5%

-51.1%

-2.5%

+16.6%

FTD

Frontdoor, Inc.

Peer

+4.2%

+113.0%

+45.2%

-11.7%

-10.8%

+5.7%

MAT

Mattel, Inc.

Peer

-28.9%

-18.0%

-4.7%

-16.0%

-9.5%

+0.1%

ANF

Abercrombie & Fitch Co.

Peer

+294.4%

+242.8%

-22.4%

+4.3%

-24.0%

-7.5%

ALH

Alliance Laundry Holdings Inc.

Peer

-21.4%

-13.1%

-1.6%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

85.81

20.95

N/A

-374.96

4.08

4.77

29.91

$4.25B

Profitability

Profit margins and return metrics

Profit Margin 5.46%

Operating Margin 13.83%

Gross Margin 57.67%

ROE 9.55%

ROA 5.05%

Growth

Revenue and earnings growth rates

Revenue Growth +10.6%

Earnings Growth -69.6%

Q/Q Revenue Growth +10.59%

Q/Q Earnings Growth -73.2%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

N/A

Current Ratio

1.85

Good

Quick Ratio

1.59

Excellent

Cash/Share

$8.33

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue

$0.3B

Gross Margin

70.3%

Op. Margin

13.8%

Net Margin

2.5%

Total Assets

$1.9B

Liabilities

$1.9B

Equity

$-0.0B

Debt/Equity

-160.66x

Operating CF

$0.0B

Free Cash Flow

$0.0B

FCF Yield

100%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-05-13

$N/A

2026-01-21

$0.52

+23.1% surprise

2025-10-28

$0.37

-11.9% surprise

2025-07-22

$0.42

Consumer Cyclical Sector Comparison

Comparing MMYT against 237 companies in the Consumer Cyclical sector (12 bullish, 83 neutral, 142 bearish)

P/E Ratio

85.81

This Stock

36.19

Sector Avg

+137.1% (Expensive)

Return on Equity (ROE)

9.55%

This Stock

-38.9%

Sector Avg

-124.6% (Below Avg)

Profit Margin

5.46%

This Stock

-4.36%

Sector Avg

-225.2% (Weaker)

Revenue Growth

10.6%

This Stock

16.59%

Sector Avg

-36.1% (Slower)

Current Ratio

1.85

This Stock

2.5

Sector Avg

-25.8% (Weaker)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
MMYT MakeMyTrip Limited	NEUTRAL	$4.25B	85.81	9.6%	5.5%	$44.62
FTDR Frontdoor, Inc.	BEARISH	$4.07B	16.67	106.0%	12.2%	$57.68	Compare
MAT Mattel, Inc.	NEUTRAL	$4.52B	11.72	17.7%	7.4%	$14.53	Compare
ANF Abercrombie & Fitch Co.	NEUTRAL	$4.53B	9.38	40.9%	10.1%	$96.3	Compare
ALH Alliance Laundry Holdings Inc.	BEARISH	$3.96B	34.82	177.3%	6.0%	$19.5	Compare

MMYT MakeMyTrip Limited

NEUTRAL

Mkt Cap

$4.2B

P/E

85.8

ROE

9.6%

Price

$44.62

Compare with MMYT

Compare with MMYT

ANF Abercrombie & Fitch Co.

Compare with MMYT

Compare with MMYT

Wall Street Analysts

Professional analyst ratings and price targets

Consensus

STRONG_BUY

10 analysts

Citigroup

2026-04-13

Maintains

Buy Buy

Citigroup

2026-01-21

Maintains

Buy Buy

B of A Securities

2025-12-24

Maintains

Buy Buy

Past News Coverage

Recent headlines mentioning MMYT from our newsroom.

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MMYT

MMYT MakeMyTrip Limited - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Consumer Cyclical Sector Comparison

Similar Companies

Wall Street Analysts

Past News Coverage

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