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Home CompaniesMakeMyTrip Limited

MakeMyTrip Limited

Consumer Cyclical Travel Services
PortfolioPortfolio WatchlistWatchlist
Company price
52.6 USD -0.27 ( 0.51%)
Last update at 2026-11-12T15:51:00Z
VOLUME
173411
Market Cap
4505.41M
P/E
217.73

Momentum Score

…

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, Saudi Arabia, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air tickets, hotels and alternative accommodations, holiday packages, bus tickets, rail tickets, car hire, tours and attractions, travel assurance products and add-on products for bookings; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products; and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands, as well as foreign exchange, prepaid forex cards, cross-border remittances and related financial services. 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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
51.73
Low
53.02
High
52 Week Price Range
32.67
Low
103.23
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

MakeMyTrip Limited operates India-focused online travel platforms, offering flight and hotel bookings, holiday packages and ground-transport services through brands such as MakeMyTrip, Goibibo and redBus. Long-term growth may be supported by rising domestic travel and business trips, expanding smartphone and internet penetration, greater hotel and ancillary monetization, and the company's scale and network effects that appear positioned to improve margins.

Key risks include intense competition from domestic and international travel platforms, macroeconomic or health-related demand shocks, regulatory and pricing pressures, and execution risk in retaining market share and controlling costs.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
52.87
Dividend Yield
-
Revenue TTM
1060.72M
Revenue Per Share
10.89
Gross Profit TTM
621.62M
Debt / Equity
-20.75
ROE
28.69%
Net Debt
981.60M
ROCE
12.97%
Diluted EPS TTM
0.22

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Income before tax 78.37M 115.89M 92.94M -12.14M -46.67M
Minority interest 0.13M -0.17M 0.06M -0.15M 0.16M
Net income 51.80M 95.10M 216.80M -11.17M -45.57M
Selling general administrative 405.84M 170.85M 159.31M 131.97M 116.92M
Selling and marketing expenses - 217.25M 163.35M 101.60M 51.03M
Gross profit 583.46M 703.99M 567.43M 415.47M 245.17M
Reconciled depreciation 27.85M 27.12M 27.25M 27.40M 29.50M
Ebit 183.12M 132.83M 110.69M 34.59M -20.35M
Ebitda 210.97M 159.95M 137.93M 61.98M 9.15M
Depreciation and amortization 27.85M 27.12M 27.25M 27.40M 29.50M
Operating income 153.93M 119.89M 65.21M 34.59M -20.35M
Other operating expenses 890.06M 858.45M 717.31M 569.43M 334.29M
Interest expense 104.76M 17.67M 17.75M 46.73M 26.33M
Tax provision 26.70M 20.62M -123.81M -0.98M -1.11M
Interest income 27.15M 28.26M 24.31M 10.97M 9.98M
Net interest income -35.14M 10.58M 36.05M -35.76M -16.34M
Income tax expense 26.70M 20.62M -123.81M -0.98M -1.11M
Total revenue 1043.99M 978.34M 782.52M 593.04M 303.92M
Total operating expenses 429.53M 584.10M 502.22M 391.87M 275.54M
Cost of revenue 460.53M 274.35M 215.09M 177.57M 58.75M
Total other income expense net -75.57M -4.00M 27.72M -46.73M -26.33M
Net income from continuing ops 51.67M 95.27M 216.74M -11.17M -45.57M
Net income applicable to common shares - - - -11.32M -45.41M
Breakdown 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total assets 1754.88M 1828.29M 1660.08M 1359.83M 1322.74M
Intangible assets 36.87M 45.89M 613.39M 67.47M 84.51M
Other current assets 117.65M 152.93M 153.12M 121.96M 77.98M
Total liab 1813.34M 620.31M 543.66M 483.77M 426.27M
Total stockholder equity -67.77M 1202.63M 1110.86M 869.57M 894.13M
Other current liab 87.73M 142.60M 81.26M 69.16M 72.40M
Common stock 0.05M 0.06M 0.06M 0.05M 0.05M
Capital stock 0.05M 0.06M - 0.05M 0.05M
Retained earnings -2792.73M -929.87M -1020.52M -1227.99M -1214.16M
Other liab - - - 14.46M 21.25M
Good will 515.38M 551.90M - 561.50M 601.15M
Other assets - - - 24.61M 18.81M
Cash 424.83M 508.90M 327.06M 284.02M 213.28M
Total current liabilities 343.20M 576.61M 297.57M 453.66M 191.22M
Current deferred revenue 113.00M 120.10M 92.96M 75.21M 53.21M
Net debt 981.60M -272.32M -105.44M -48.85M 3.30M
Short term debt 6.70M 222.68M 4.81M 219.51M 2.78M
Short long term debt 2.24M 218.10M - 219.51M 2.78M
Short long term debt total 1406.42M 236.57M 221.62M 235.16M 216.58M
Other stockholder equity 2600.69M 2181.72M 2161.22M 2097.50M 2108.24M
Property plant equipment - - - 25.38M 19.31M
Total current assets 1046.48M 1065.27M 857.28M 671.91M 591.37M
Long term investments 32.05M 5.02M - 8.96M 7.59M
Net tangible assets - - - 240.59M 208.48M
Short term investments 340.30M 252.29M 279.72M 197.06M 264.18M
Net receivables 163.09M 150.79M 97.15M 68.85M 35.91M
Long term debt 1392.40M 3.12M - 15.65M 213.81M
Inventory 0.61M 0.36M 0.22M 0.03M 0.01M
Accounts payable 135.78M 91.24M 118.55M 89.78M 62.83M
Accumulated other comprehensive income 124.22M -49.28M -29.90M - -
Non currrent assets other 31.95M 27.32M 22.16M 24.61M 18.81M
Non current assets total 708.40M 763.02M 802.80M 687.91M 731.38M
Capital lease obligations 11.79M 15.36M - 16.38M 13.95M
Breakdown 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Investments -123.34M 26.44M -75.59M 46.78M -111.22M
Change to liabilities - - - 0.00M 26.54M
Total cashflows from investing activities -127.08M 26.44M -75.59M 46.78M -77.60M
Net borrowings 1426.39M -5.22M -2.00M - -1.08M
Total cash from financing activities -107.41M -22.89M -6.24M -6.21M -9.57M
Change to operating activities - - - -52.28M -53.73M
Net income 51.80M 95.27M 216.74M -11.17M -45.57M
Change in cash -84.07M 181.30M 43.05M 70.73M -81.78M
Begin period cash flow 508.90M 327.06M 284.02M 213.28M 295.07M
End period cash flow 424.83M 508.36M 327.06M 284.02M 213.28M
Total cash from operating activities 182.54M 185.29M 125.74M 32.06M 6.00M
Issuance of capital stock 1656.00M 0.00M 0.00M - -
Depreciation 27.85M 27.12M 27.25M 27.25M 29.36M
Other cashflows from investing activities 13.28M 17.40M 14.51M 46.78M 46.23M
Dividends paid 0.00M 0.00M 0.00M 0.00M 0.00M
Change to inventory -0.27M -0.14M -0.20M -0.01M 0.03M
Change to account receivables - -52.42M -25.11M - -11.01M
Sale purchase of stock -3130.55M -21.72M 0.00M - -
Other cashflows from financing activities -107.41M 4.05M -4.24M -3.04M -7.32M
Change to netincome - - - 95.67M 60.22M
Capital expenditures 14.53M 11.76M 12.82M 16.90M 12.91M
Change in working capital -24.45M 6.41M -4.92M -52.28M -27.12M
Stock based compensation 22.98M 36.02M 36.96M 35.64M 36.65M
Other non cash items 104.36M -0.15M -26.48M 33.60M 13.79M
Free cash flow 168.01M 173.52M 112.92M 15.16M -6.91M

Peer Comparison*

Sector: Consumer Cyclical Industry: Travel Services

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MMYT
MakeMyTrip Limited		 -0.27
0.51%		 52.60 217.73 96.15 4.25 158.87 5.11 27.01
BKNG
Booking Holdings Inc		 3.39
2.12%		 163.60 28.83 17.92 5.61 34.95 5.73 16.72
ABNB
Airbnb Inc		 1.48
0.81%		 182.60 38.87 28.99 7.66 12.90 6.92 32.32
RCL
Royal Caribbean Cruises Ltd		 -4.16
1.24%		 331.02 15.40 12.39 3.57 6.67 4.87 12.36
TCOM
Trip.com Group Ltd ADR		 -0.28
0.64%		 43.33 23.73 16.29 0.91 2.30 5.84 18.29

Profile*

MakeMyTrip Limited

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, Saudi Arabia, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air tickets, hotels and alternative accommodations, holiday packages, bus tickets, rail tickets, car hire, tours and attractions, travel assurance products and add-on products for bookings; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products; and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands, as well as foreign exchange, prepaid forex cards, cross-border remittances and related financial services. 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.

Building No. 5, Gurugram, India, 122002

91 12 4439 5000

https://www.makemytrip.com

5507

Name Title Year Born
Mr. Rajesh Magow Co-Founder, Group CEO & Director 1969
Mr. Deep Kalra Founder & Chairman 1969
Mr. Mohit Kabra Group Chief Financial Officer 1971
Mr. Vipul Prakash Chief Operating Officer 1968
Mr. Ravi Prakash Tyagi VP of Admin. NA
Mr. Vipul Garg VP of Investor Relations NA
Mr. Sunil Suresh Chief Marketing Officer NA
Mr. Saujanya Shrivastava Chief Bus. Officer 1974
Mr. Deep Kalra Founder, Group Chairman & Chief Mentor 1969
Mr. Sanjay Mohan Group Chief Technology Officer 1965

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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