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MakeMyTrip Limited

MMYTConsumer CyclicalNASDAQ

Travel Services · Last scanned Jun 1, 2026

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Financials · Annual
Revenue
$978.3M
+25.0% YoY
Net Income
$95.1M
-56.1% YoY
EBITDA
$159.9M
+16.0% YoY
Free Cash Flow
$88.1M

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About 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,. The $4.43B market capitalization puts MMYT squarely in mid-cap range for its industry. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing.

Key stats
Market Cap$4.43B
P/E (TTM)129.83
Fwd P/E20.63
EPS$0.36
Beta1.03
52W Change-54.7%
ROE9.0%
Analysis

The company holds $765.1M in cash, though total debt stands at $1.41B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $88.1M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 9.0% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 5.4% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $303.9M (2022) to $978.3M (2025), reflecting a 222% increase over the period.

The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing MMYT.

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