MakeMyTrip Limited

Informe acción NasdaqGS:MMYT

Capitalización de mercado: US$4.5b

MakeMyTrip Resultados de beneficios anteriores

Pasado controles de criterios 2/6

MakeMyTrip ha aumentado sus beneficios a una tasa media anual de 68.3%, mientras que los beneficios de la industria de Hospitality han experimentado un crecimiento anual de 35.4%. Los ingresos han ido creciendo a una tasa media de 31.7% al año.

Información clave

68.28%

Tasa de crecimiento de los beneficios

68.69%

Tasa de crecimiento del BPA

Crecimiento de la industria Hospitality 19.52%
Tasa de crecimiento de los ingresos31.74%
Rentabilidad financieran/a
Margen neto5.46%
Próxima actualización de resultados19 May 2026

Actualizaciones de resultados anteriores recientes

Recent updates

Actualización del análisis Apr 27

MMYT: AI Trip Planning And India Listing Plans Will Support Future Repricing Potential

Analysts have trimmed their MakeMyTrip price target by $5.70 to $88.10, citing updated assumptions on revenue growth, profit margins and future P/E multiples following recent Street research that included target cuts at Citi and BofA as well as the stock’s removal from Goldman Sachs’ APAC Conviction List. Analyst Commentary Bullish Takeaways Bullish analysts still see room for execution upside if MakeMyTrip converts existing traffic and user engagement into higher quality revenue, which could support the revised P/E assumptions over time.
Seeking Alpha Apr 25

MakeMyTrip: Rising Competition, Demanding Valuation

Summary MakeMyTrip has corrected over 50%, but remains a cautious Hold or Sell due to a demanding valuation amid intensifying competition. Recent revenue growth has normalized to 8% YoY, with net profit down over 50% due to non-cash finance costs from convertible debt. Domestic travel offers a long growth runway, but international OTAs and vendor disintermediation threaten MMYT’s market share and margin expansion. At a 2% FCF yield versus a 10% cost of equity, MMYT’s valuation demands aggressive growth and margin improvement that appears challenging. Read the full article on Seeking Alpha
Nuevo análisis Apr 16

Long Term Leisure Travel And AI Adoption Will Transform This Online Travel Platform

Catalysts About MakeMyTrip MakeMyTrip operates a leading online travel platform offering air tickets, hotels, holiday packages, bus and rail tickets, and other travel services. What are the underlying business or industry changes driving this perspective?
Actualización del análisis Apr 12

MMYT: AI Trip Planning And Buybacks Will Support Future Repricing Potential

Analysts have trimmed their average price target on MakeMyTrip by about $8, reflecting slightly more cautious assumptions on fair value and profitability after recent target cuts and list removals across several research houses. Analyst Commentary Bullish Takeaways Bullish analysts keep MakeMyTrip in their coverage even after target cuts, which suggests they still see a case for long term execution on its core travel platform.
Nuevo análisis Apr 02

AI Spending And Budget Hotel Mix Will Pressure Margins Yet Support Resilient Travel Demand

Catalysts About MakeMyTrip MakeMyTrip operates an online travel platform that offers flights, hotels, buses and related travel services for consumers and corporates. What are the underlying business or industry changes driving this perspective?
Actualización del análisis Mar 26

MMYT: AI Trip Planning And Buybacks Will Support Future Upside Potential

Analysts have trimmed their price targets on MakeMyTrip, with reductions such as $7 and $12 in recent research, reflecting updated views on risk, growth assumptions, and valuation multiples. Analyst Commentary Recent research points to a more cautious tone around MakeMyTrip, even as analysts highlight factors that could still support the long term story.
Actualización del análisis Mar 11

MMYT: AI Trip Planning Will Anchor Future Upside Potential

Analysts have trimmed their price targets on MakeMyTrip by $12 and $7 respectively and cite updated assumptions for discount rates and forward P/E multiples as key drivers of the change. Analyst Commentary Recent research points to updated discount rates and revised forward P/E assumptions as the main reasons behind the new price targets, rather than a single company specific event.
Actualización del análisis Feb 25

MMYT: AI Trip Planning And Buybacks Will Support Future Upside Potential

Analysts have trimmed their MakeMyTrip fair value estimate by about $1 per share to roughly $102, reflecting slightly updated assumptions on discount rate, revenue growth, profit margins, and future P/E after recent price target reductions from the Street. Analyst Commentary Street research has recently focused on recalibrating price targets for MakeMyTrip, which feeds directly into how analysts think about upside, execution risk, and the right P/E to apply.
Actualización del análisis Feb 09

MMYT: Share Repurchases And Outperform Initiation Will Support Future Upside Potential

Narrative update: MakeMyTrip analyst price target shift The updated analyst price target for MakeMyTrip now aligns at about US$103, reflecting minor tweaks to discount rate and P/E assumptions, as analysts incorporate recent target cuts from Morgan Stanley and Citi, along with new coverage from CICC. Analyst Commentary Recent research on MakeMyTrip has focused on recalibrating price targets and ratings rather than changing the core thesis.
Actualización del análisis Jan 25

MMYT: Recent Buybacks And Outperform Initiation Will Support Long Term Upside

Analysts have trimmed their fair value estimate for MakeMyTrip from $110.70 to $102.90. This reflects slightly adjusted expectations around growth, margins and future P/E multiples based on recent research updates.
Artículo de análisis Jan 24

MakeMyTrip Limited's (NASDAQ:MMYT) 26% Cheaper Price Remains In Tune With Revenues

MakeMyTrip Limited ( NASDAQ:MMYT ) shareholders that were waiting for something to happen have been dealt a blow with a...
Actualización del análisis Jan 09

MMYT: New Outperform Rating Will Support Long Term Upside Potential

Analysts have trimmed their fair value estimate for MakeMyTrip from US$111.40 to US$110.70, reflecting slightly updated assumptions on discount rate, revenue growth and profit margins, as well as fresh Street research such as CICC's new Outperform rating with a US$95 price target. Analyst Commentary Bullish Takeaways Bullish analysts see the updated fair value estimate of US$110.70 as broadly consistent with the new US$95 price target.
Actualización del análisis Dec 14

MMYT: Conviction List Inclusion Will Drive Long-Term Upside Despite Air Travel Weakness

Analysts have trimmed their fair value estimate for MakeMyTrip by about $0.50 to roughly $111.40 per share, citing slightly higher discount rates, modestly softer growth and margin assumptions, yet maintaining a constructive view supported by recent positive coverage and conviction-list inclusion. Analyst Commentary Recent Street research reflects a broadly constructive stance on MakeMyTrip, with valuation frameworks balancing strong growth optionality against execution and macro risks in the travel cycle.
Actualización del análisis Nov 28

MMYT: Addition To APAC Conviction List Will Drive Long-Term Upside

Analysts have modestly lowered their price target for MakeMyTrip from $113.78 to $111.90. They cite temporary softness in domestic air travel but maintain a positive longer-term outlook, supported by recent research coverage and favorable profit margin trends.
Actualización del análisis Nov 13

MMYT: Addition To APAC Conviction List Will Drive Long-Term Upside

Analysts have slightly lowered their price target for MakeMyTrip from $118.44 to $113.78, citing temporary headwinds in the domestic air travel segment. However, they maintain a positive long-term outlook due to expected recovery.
Actualización del análisis Oct 29

Addition To Conviction List Will Drive Renewed Confidence In Travel Recovery

Analysts have reduced their fair value estimate for MakeMyTrip from $121 to $118.44 per share, citing slightly lower expectations for revenue growth and profit margins. This comes despite continued optimism about the company's long-term positioning.
Artículo de análisis Sep 21

Is MakeMyTrip (NASDAQ:MMYT) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Artículo de análisis Jul 25

MakeMyTrip Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a good week for MakeMyTrip Limited ( NASDAQ:MMYT ) shareholders, because the company has just released its...
Artículo de análisis Jun 23

MakeMyTrip's (NASDAQ:MMYT) Weak Earnings May Only Reveal A Part Of The Whole Picture

Investors weren't pleased with the recent soft earnings report from MakeMyTrip Limited ( NASDAQ:MMYT ). Our analysis...
Artículo de análisis Jun 02

Returns Are Gaining Momentum At MakeMyTrip (NASDAQ:MMYT)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Artículo de análisis May 11

Subdued Growth No Barrier To MakeMyTrip Limited's (NASDAQ:MMYT) Price

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...
Artículo de análisis Apr 09

MakeMyTrip (NASDAQ:MMYT) Has A Rock Solid Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Artículo de análisis Mar 25

If EPS Growth Is Important To You, MakeMyTrip (NASDAQ:MMYT) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Seeking Alpha Mar 12

MakeMyTrip: Stretched Valuations Point To Further Correction

Summary MakeMyTrip has shown significant growth but currently faces stretched valuations and macroeconomic headwinds, suggesting a bearish short-term outlook. Despite India's promising long-term travel market, near-term economic challenges and high valuations make MMYT stock unattractive at current levels. Valuations are significantly higher than sector medians, indicating potential further downside despite robust revenue growth and strong financial performance. Future expansionary policies and GST rate cuts could positively impact MMYT, but the immediate outlook remains cautious due to economic deceleration and high valuations. Read the full article on Seeking Alpha
Artículo de análisis Feb 23

Returns At MakeMyTrip (NASDAQ:MMYT) Are On The Way Up

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Artículo de análisis Feb 08

Getting In Cheap On MakeMyTrip Limited (NASDAQ:MMYT) Is Unlikely

With a price-to-earnings (or "P/E") ratio of 52.4x MakeMyTrip Limited ( NASDAQ:MMYT ) may be sending very bearish...
Seeking Alpha Jan 25

MakeMyTrip Ltd: Still Well Positioned To Grow

Summary I reiterate my buy rating for MakeMyTrip Ltd. due to its strong market leadership, scale, and product innovation driving growth and profitability. MMYT's 3Q25 results showed a 25% y/y revenue increase and a 38% y/y rise in adj EBIT, reinforcing its favorable growth outlook. MMYT's strategic investments in tier 2 and 3 cities and product innovations like GenAI and part-payment options enhance its competitive position and customer retention. Read the full article on Seeking Alpha
Artículo de análisis Jan 08

What Is MakeMyTrip Limited's (NASDAQ:MMYT) Share Price Doing?

Let's talk about the popular MakeMyTrip Limited ( NASDAQ:MMYT ). The company's shares saw a significant share price...
Artículo de análisis Dec 24

These 4 Measures Indicate That MakeMyTrip (NASDAQ:MMYT) Is Using Debt Safely

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Artículo de análisis Nov 24

Here's Why We Think MakeMyTrip (NASDAQ:MMYT) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Artículo de análisis Nov 08

MakeMyTrip (NASDAQ:MMYT) Is Doing The Right Things To Multiply Its Share Price

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Seeking Alpha Oct 25

MakeMyTrip: Overvalued With High Customer Acquisition Costs And Intense Competition

Summary MakeMyTrip has shown strong financial performance, with a 46.3% increase in operating profit and a 24.3% rise in gross bookings year-on-year. The company benefits from macroeconomic tailwinds in India, including a growing middle class, increased travel spending, and government investments in travel infrastructure. Despite its strong market position, MMYT faces intense competition and high customer acquisition costs, which could limit its ability to achieve super normal profits. Valuation concerns are significant; the stock trades at a high EV/Sales multiple, suggesting limited future growth potential and a 50% downside risk. Read the full article on Seeking Alpha
Seeking Alpha Oct 17

MakeMyTrip: Lofty Valuation Leaves Little Room For Errors

Summary MakeMyTrip shows strong growth with significant revenue increases. However, expect volatility in margins to persist as the company is still in its growth phase. MMYT is well-positioned to enjoy enduring macroeconomic and fiscal-related tailwinds. In addition, the company has multiple growth drivers to leverage on to maintain its lead in the industry. Despite outperforming peers in profitability and liquidity, MMYT's valuation metrics suggest that the current share price is overvalued. Valuation analysis suggests that markets are pricing in generous and overly optimistic assumptions, leaving little room for errors. Any slight deterioration in growth is likely to cause a huge sell-off. Read the full article on Seeking Alpha
Artículo de análisis Oct 16

Market Participants Recognise MakeMyTrip Limited's (NASDAQ:MMYT) Revenues

When close to half the companies in the Hospitality industry in the United States have price-to-sales ratios (or "P/S...
Artículo de análisis Oct 01

Is Now An Opportune Moment To Examine MakeMyTrip Limited (NASDAQ:MMYT)?

Let's talk about the popular MakeMyTrip Limited ( NASDAQ:MMYT ). The company's shares saw a decent share price growth...
Artículo de análisis Sep 16

Does MakeMyTrip (NASDAQ:MMYT) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
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Nuevo análisis Aug 23

Expanding Into High-Cost Ventures And Market Fluctuations Threaten Profit Margins And Growth

Reliance on high-margin international bookings may face challenges from geopolitical tensions and economic downturns, affecting revenue growth.
Artículo de análisis Aug 15

With EPS Growth And More, MakeMyTrip (NASDAQ:MMYT) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Artículo de análisis Jul 31

Additional Considerations Required While Assessing MakeMyTrip's (NASDAQ:MMYT) Strong Earnings

Despite posting some strong earnings, the market for MakeMyTrip Limited's ( NASDAQ:MMYT ) stock hasn't moved much. Our...
Seeking Alpha Jul 30

MakeMyTrip: Dominant OTA Player In India

Summary Buy rating for MakeMyTrip due to its robust long-term growth runway supported by a strong domestic and international travel industry. MMYT is the largest player in India's online travel agency market, with strong revenue growth and margin expansion potential. The expected target price for MMYT is $111 based on a 9.2x forward revenue multiple. Read the full article on Seeking Alpha
Artículo de análisis Jun 30

MakeMyTrip's (NASDAQ:MMYT) Returns On Capital Are Heading Higher

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Artículo de análisis Jun 11

At US$79.87, Is MakeMyTrip Limited (NASDAQ:MMYT) Worth Looking At Closely?

While MakeMyTrip Limited ( NASDAQ:MMYT ) might not have the largest market cap around , it saw a significant share...
Seeking Alpha May 26

MakeMyTrip: Encouraging Performance Across Hotels And Packages Segment

Summary MakeMyTrip stock has continued to see strong growth in revenue. Performance across the Hotels and Packages segment has been encouraging. I continue to take a bullish view on MakeMyTrip. Read the full article on Seeking Alpha
Artículo de análisis May 24

With MakeMyTrip Limited (NASDAQ:MMYT) It Looks Like You'll Get What You Pay For

When close to half the companies in the Hospitality industry in the United States have price-to-sales ratios (or "P/S...

Desglose de ingresos y gastos

Cómo gana y gasta dinero MakeMyTrip. Basado en los últimos beneficios reportados, en base a los últimos doce meses (LTM).


Historial de beneficios e ingresos

NasdaqGS:MMYT Ingresos, gastos y beneficios (USD Millions)
FechaIngresosBeneficiosGastos G+AGastos de I+D
31 Dec 251,039571760
30 Sep 251,011771710
30 Jun 259931001690
31 Mar 25978951650
31 Dec 249362381550
30 Sep 248832351440
30 Jun 248402191330
31 Mar 247832171230
31 Dec 23728501150
30 Sep 23684261080
30 Jun 23647171070
31 Mar 23593-111020
31 Dec 22533-21900
30 Sep 22478-30840
30 Jun 22414-31710
31 Mar 22304-45510
31 Dec 21295-38510
30 Sep 21236-32360
30 Jun 21190-46270
31 Mar 21163-56230
31 Dec 20189-398380
30 Sep 20279-424750
30 Jun 20376-4401130
31 Mar 20512-4481670
31 Dec 19527-1491880
30 Sep 19505-1491930
30 Jun 19490-1591980
31 Mar 19486-1681990
31 Dec 18524-1702520
30 Sep 18571-1863110
30 Jun 18621-2013830
31 Mar 18675-2184600
31 Dec 17637-2484410
30 Sep 17588-1873760
30 Jun 17518-1643090
31 Mar 17448-1102280
31 Dec 16416-872020
30 Sep 16381-1231860
30 Jun 16364-961520
31 Mar 16336-891120
31 Dec 15307-45940
30 Sep 15300-29940
30 Jun 15298-21940

Ingresos de calidad: MMYT tiene ganancias de alta calidad.

Margen de beneficios creciente: Los actuales márgenes de beneficio(5.5%) de MMYT son inferiores a los del año pasado (25.4%).


Análisis del flujo de caja libre vs. Beneficios


Análisis del crecimiento de los beneficios en el pasado

Tendencia de beneficios: MMYT ha pasado a ser rentable en los últimos 5 años, con un crecimiento de los beneficios de 68.3% al año.

Acelerando crecimiento: MMYT ha tenido un crecimiento negativo de los beneficios en el último año, por lo que no puede compararse con su media de 5 años.

Beneficios vs. Industria: MMYT tuvo un crecimiento negativo de los beneficios (-76.1%) durante el año pasado, lo que dificulta la comparación con la media de la industria Hospitality (10.1%).


Rentabilidad financiera

Alta ROE: El pasivo de MMYT supera su activo, por lo que es difícil calcular su rentabilidad financiera.


Rentabilidad económica


Rendimiento del capital invertido


Descubre empresas con buenos resultados en el pasado

Análisis de la empresa y estado de los datos financieros

DatosÚltima actualización (huso horario UTC)
Análisis de la empresa2026/05/06 13:00
Precio de las acciones al final del día2026/05/06 00:00
Beneficios2025/12/31
Ingresos anuales2025/03/31

Fuentes de datos

Los datos utilizados en nuestro análisis de empresas proceden de S&P Global Market Intelligence LLC. Los siguientes datos se utilizan en nuestro modelo de análisis para generar este informe. Los datos están normalizados, lo que puede introducir un retraso desde que la fuente está disponible.

PaqueteDatosMarco temporalEjemplo Fuente EE.UU. *
Finanzas de la empresa10 años
  • Cuenta de resultados
  • Estado de tesorería
  • Balance
Estimaciones del consenso de analistas+3 años
  • Previsiones financieras
  • Objetivos de precios de los analistas
Precios de mercado30 años
  • Precios de las acciones
  • Dividendos, escisiones y acciones
Propiedad10 años
  • Accionistas principales
  • Información privilegiada
Gestión10 años
  • Equipo directivo
  • Consejo de Administración
Principales avances10 años
  • Anuncios de empresas

* Ejemplo para valores de EE.UU., para no EE.UU. se utilizan formularios y fuentes normativas equivalentes.

A menos que se especifique lo contrario, todos los datos financieros se basan en un periodo anual, pero se actualizan trimestralmente. Esto se conoce como datos de los últimos doce meses (TTM) o de los últimos doce meses (LTM). Más información.

Modelo de análisis y copo de nieve

Los detalles del modelo de análisis utilizado para generar este informe están disponibles en nuestra página de Github, también tenemos guías sobre cómo utilizar nuestros informes y tutoriales en Youtube.

Conozca al equipo de talla mundial que diseñó y construyó el modelo de análisis Simply Wall St.

Métricas industriales y sectoriales

Simply Wall St calcula cada 6 horas nuestras métricas sectoriales y de sección. Los detalles de nuestro proceso están disponibles en Github.

Fuentes analistas

MakeMyTrip Limited está cubierta por 23 analistas. 9 de esos analistas presentaron las estimaciones de ingresos o ganancias utilizadas como datos para nuestro informe. Las estimaciones de los analistas se actualizan a lo largo del día.

AnalistaInstitución
Nitin BhasinAmbit Capital
Ashwin MehtaAmbit Capital
null nullAntique Stockbroking Ltd.