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General information

Country: INDIA

Sector: Travel Services

Makemytrip Ltd. offers travel services over the Internet. The Company operates websites that allow travelers to research and plan trips and book airline tickets, hotels, packages, rail tickets, bus tickets, and rental cars. Makemytrip also offers access to travel insurance.
Website: makemytrip.com



Growth: Good revenue growth rate >200%, there is acceleration compared to average historical growth rates 39.2%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of -6.7%

Profitability: LTM EBITDA margin is positive, +4.8%. On average the margin is improving steadily. Gross margin is high, +69.6%. In the last quarter the company beat the estimated EPS, +60.0%. The company was ahead of estimated EPS in 60% of quarters (showing a gain of +$0.01 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -2.3% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 229.9% higher than minimum and 11.2% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 7.9x by EV / Sales multiple , the company can be 54.8% overvalued

Key Financials (Download financials)

Ticker: MMYT
Share price, USD:  (-0.1%)67.47
year average price 42.94  


year start price 23.44 2023-04-28

min close price 23.44 2023-04-28

max close price 75.97 2024-04-05

current price 67.47 2024-04-27
Common stocks: 107 973 003

Dividend Yield:  0.0%
FCF Yield LTM: -2.3%
EV / LTM EBITDA: 362.5x
EV / EBITDA annualized: 139.5x
Last revenue growth (y/y):  > 200.0%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  39.2%
Historical growth of EBITDA:  67.7%
EV / Sales: 17.5x
Margin (EBITDA LTM / Revenue): 4.8%
Fundamental value created in LTM:
Market Cap ($m): 7 285
Net Debt ($m): -34
EV (Enterprise Value): 7 251
Price to Book: 7.8x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-24Seeking Alpha

MakeMyTrip: Favorable Growth Outlook With Profitability Improvement Potential

2024-04-02Zacks Investment Research

All You Need to Know About MakeMyTrip (MMYT) Rating Upgrade to Strong Buy

2024-02-08Seeking Alpha

MakeMyTrip: Sales Growth Remains Impressive, But Watching Customer Inducement Costs

2024-01-23Seeking Alpha

MakeMyTrip Limited (MMYT) Q3 2024 Earnings Call Transcript

2024-01-23Zacks Investment Research

MakeMyTrip (MMYT) Tops Q3 Earnings and Revenue Estimates

2024-01-16Zacks Investment Research

MakeMyTrip (MMYT) Earnings Expected to Grow: Should You Buy?

2023-11-24Seeking Alpha

MakeMyTrip: Gross Bookings Growth Encouraging

2023-10-31Seeking Alpha

MakeMyTrip Limited (MMYT) Q2 2024 Earnings Call Transcript

2023-10-31Zacks Investment Research

MakeMyTrip (MMYT) Q2 Earnings Lag Estimates

2023-10-21Business Wire

MakeMyTrip Limited to report Fiscal 2024 Second Quarter Financial & Operating Results on October 31, 2023
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol MMYT MMYT MMYT MMYT MMYT MMYT
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-01-23 2023-10-31 2023-08-01 2023-05-16 2022-12-31 2022-09-30
acceptedDate 2024-01-23 06:03:29 2023-10-31 06:21:37 2023-08-01 06:24:54 2023-05-16 06:34:35 2022-12-30 19:00:00 2022-09-29 20:00:00
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
revenue 214M 169M 197M 149M 171M 131M
costOfRevenue 62M 40M 60M 43M 59M 32M
grossProfit 152M 128M 137M 106M 111M 99M
grossProfitRatio 0.709 0.761 0.697 0.712 0.653 0.754
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 36M 35M 34M 34M 33M 33M
sellingAndMarketingExpenses 36M 25M 31M 23M 29M 25M
sellingGeneralAndAdministrativeExpenses 72M 60M 64M 57M 62M 58M
otherExpenses 0 0 0 41M 42M 37M
operatingExpenses 129M 122M 118M 98M 104M 95M
costAndExpenses 192M 162M 178M 141M 163M 127M
interestIncome 8M 5M 4M 3M 3M 3M
interestExpense 6M 10M 5M 6M 11M 14M
depreciationAndAmortization 7M 7M 7M 7M 7M 7M
ebitda 37M 19M 30M 18M 17M 14M
ebitdaratio 0.173 0.112 0.155 0.122 0.101 0.105
operatingIncome 23M 7M 19M 11M 10M 7M
operatingIncomeRatio 0.106 0.040 0.097 0.075 0.062 0.053
totalOtherIncomeExpensesNet 42 000 -49 000 48 000 -6M -11M -14M
incomeBeforeTax 24M 2M 19M 5M -207 000 -7M
incomeBeforeTaxRatio 0.113 0.013 0.094 0.036 -0.001 -0.055
incomeTaxExpense -48 000 184 000 -11 000 -87 000 -381 000 -394 000
netIncome 24M 2M 18M 6M 174 000 -7M
netIncomeRatio 0.113 0.012 0.094 0.038 0.001 -0.052
eps 0.220 0.020 0.170 0.050 0.002 -0.062
epsdiluted 0.220 0.020 0.170 0.050 0.002 -0.062
weightedAverageShsOut 111M 111M 111M 110M 110M 110M
weightedAverageShsOutDil 113M 112M 112M 111M 111M 110M
link Link Link Link Link
finalLink Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol MMYT MMYT MMYT MMYT MMYT MMYT
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-01-23 2023-10-31 2023-08-01 2023-05-16 2022-12-31 2022-09-30
acceptedDate 2024-01-23 06:03:29 2023-10-31 06:21:37 2023-08-01 06:24:54 2023-05-16 06:34:35 2022-12-30 19:00:00 2022-09-29 20:00:00
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 310M 304M 334M 284M 227M 275M
shortTermInvestments 297M 220M 182M 197M 217M 186M
cashAndShortTermInvestments 607M 524M 516M 481M 444M 461M
netReceivables 93M 85M 85M 69M 74M 64M
inventory 16 000 5000.000 27 000 25 000 16 000 38 000
otherCurrentAssets 138M 168M 127M 122M 133M 112M
totalCurrentAssets 837M 778M 728M 672M 651M 637M
propertyPlantEquipmentNet 27M 25M 25M 25M 24M 21M
goodwill 0 0 0 562M 0 0
intangibleAssets 612M 616M 0 67M 0 0
goodwillAndIntangibleAssets 612M 616M 627M 629M 627M 639M
longTermInvestments 17M 17M 9M 9M 12M 12M
taxAssets 32M 30M 26M 0 0 0
otherNonCurrentAssets 43 000 42 000 40 000 25M 23M 20M
totalNonCurrentAssets 689M 688M 688M 688M 685M 692M
otherAssets 0 0 0 0 0 0
totalAssets 1 525M 1 466M 1 416M 1 360M 1 336M 1 329M
accountPayables 134M 116M 102M 90M 95M 74M
shortTermDebt 232M 228M 224M 220M 3M 3M
taxPayables 0 0 0 0 0 0
deferredRevenue 91M 99M 78M 75M 64M 82M
otherCurrentLiabilities 89M 84M 79M 69M 72M 74M
totalCurrentLiabilities 547M 527M 482M 454M 235M 234M
longTermDebt 16M 15M 15M 16M 228M 222M
deferredRevenueNonCurrent 225 000 240 000 234 000 163 000 122 000 93 000
deferredTaxLiabilitiesNonCurrent 432 000 459 000 499 000 822 000 1M 2M
otherNonCurrentLiabilities 20M 14M 14M 13M 12M 76M
totalNonCurrentLiabilities 37M 30M 30M 30M 241M 236M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 17M 15M 0 16M 0 0
totalLiabilities 584M 557M 512M 484M 476M 470M
preferredStock 50M 30M 0 0 0 0
commonStock 54 000 54 000 53 000 53 000 53 000 53 000
retainedEarnings -1 184M -1 209M -1 210M -1 228M -1 233M -1 234M
accumulatedOtherComprehensiveIncomeLoss -50M -30M 0 0 0 0
othertotalStockholdersEquity 2 121M 2 112M 2 107M 2 097M 2 086M 2 085M
totalStockholdersEquity 937M 904M 897M 870M 853M 851M
totalEquity 941M 909M 904M 876M 853M 851M
totalLiabilitiesAndStockholdersEquity 1 525M 1 466M 1 416M 1 360M 1 336M 1 329M
minorityInterest 5M 5M 7M 6M 7M 8M
totalLiabilitiesAndTotalEquity 1 525M 1 466M 1 416M 1 360M 1 336M 1 329M
totalInvestments 314M 238M 192M 206M 228M 198M
totalDebt 249M 243M 239M 235M 231M 225M
netDebt -61M -61M -95M -49M 4M -49M
link Link Link Link Link
finalLink Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol MMYT MMYT MMYT MMYT MMYT MMYT
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-01-23 2023-10-31 2023-08-01 2023-05-16 2022-12-31 2022-09-30
acceptedDate 2024-01-23 06:03:29 2023-10-31 06:21:37 2023-08-01 06:24:54 2023-05-16 06:34:35 2022-12-30 19:00:00 2022-09-29 20:00:00
calendarYear 2024.000 2024.000 2024.000 2023.000 2023.000 2023.000
period Q3 Q2 Q1 Q4 Q3 Q2
netIncome 24M 2M 19M 5M 174 000 -7M
depreciationAndAmortization 7M 7M 0 0 7M 0
deferredIncomeTax 0 -15M 0 0 0 0
stockBasedCompensation 8M 8M 0 0 0 0
changeInWorkingCapital 35M -14M 3M 22M -32M -14M
accountsReceivables 0 0 0 0 0 0
inventory 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0
otherWorkingCapital 35M -14M 0 0 0 0
otherNonCashItems 6M 30M 15M 17M 16M 25M
netCashProvidedByOperatingActivities 72M 18M 37M 44M -8M 5M
investmentsInPropertyPlantAndEquipment 0 0 0 0 0 0
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites -65M -44M 0 0 -34M 16M
netCashUsedForInvestingActivites -65M -44M 14M 16M -34M 16M
debtRepayment 0 0 0 0 0 0
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites -609 000 -3M 0 0 -6M 2M
netCashUsedProvidedByFinancingActivities -609 000 -3M -1M -1M -6M 2M
effectOfForexChangesOnCash -80 000 -690 000 395 000 -2M 1M -893 000
netChangeInCash 6M -30M 50M 57M -48M 21M
cashAtEndOfPeriod 310M 304M 334M 284M 227M 275M
cashAtBeginningOfPeriod 304M 334M 284M 227M 275M 254M
operatingCashFlow 72M 18M 37M 44M -8M 5M
capitalExpenditure 0 0 0 0 0 0
freeCashFlow 72M 18M 37M 44M -8M 5M
link Link Link Link Link
finalLink Link Link Link Link

Earning call transcript

2023 q4
2024-01-23 ET (fiscal 2024 q3)
2023 q3
2023-10-31 ET (fiscal 2024 q2)
2023 q2
2023-08-01 ET (fiscal 2024 q1)
2023 q1
2023-05-16 ET (fiscal 2023 q4)
2022 q4
2023-01-31 ET (fiscal 2023 q3)
2022 q3
2022-11-01 ET (fiscal 2023 q2)
2022 q2
2022-07-27 ET (fiscal 2023 q1)
2022 q1
2022-05-25 ET (fiscal 2022 q4)
2021 q4
2022-01-25 ET (fiscal 2022 q3)
2021 q3
2021-10-26 ET (fiscal 2022 q2)
2021 q2
2021-07-27 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-01-18 03:30 ET
MakeMyTrip Limited Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2028
2024-01-15 12:00 ET
MakeMyTrip Limited to Report Fiscal 2024 Third Quarter Financial & Operating Results on January 23, 2024
2023-10-21 06:30 ET
MakeMyTrip Limited to report Fiscal 2024 Second Quarter Financial & Operating Results on October 31, 2023
2023-08-09 16:40 ET
MakeMyTrip Limited Announces Details of its Annual Shareholders Meeting
2023-07-21 11:30 ET
MakeMyTrip Limited to Report Fiscal 2024 First Quarter Financial & Operating Results on August 01, 2023
2023-05-05 11:30 ET
MakeMyTrip Limited to report Fiscal 2023 Fourth Quarter and Full Year Financial & Operating Results on May 16, 2023
2023-01-20 12:30 ET
MakeMyTrip Limited to Report Fiscal 2023 Third Quarter Financial & Operating Results on January 31, 2023
2022-10-21 11:30 ET
MakeMyTrip Limited to Report Fiscal 2023 Second Quarter Financial & Operating Results on November 01, 2022
2022-07-29 16:18 ET
MakeMyTrip Limited Announces Details of its Annual Shareholders Meeting
2022-07-18 14:00 ET
MakeMyTrip Limited to Report Fiscal 2023 First Quarter Financial & Operating Results on July 27, 2022
2022-05-12 14:00 ET
MakeMyTrip Limited to Report Fiscal 2022 Fourth Quarter and Full Year Financial & Operating Results on May 25, 2022
2022-01-25 12:45 ET
MakeMyTrip Limited Announces Fiscal 2022 Third Quarter Financial & Operating Results
2022-01-17 16:34 ET
MakeMyTrip Limited to Report Fiscal 2022 Third Quarter Financial & Operating Results on January 25, 2022
2021-11-01 14:06 ET
MakeMyTrip & Amazon Pay Announce Strategic Partnership
2021-10-19 14:00 ET
MakeMyTrip Limited to Report Fiscal 2022 Second Quarter Financial & Operating Results on October 26, 2021
2021-10-14 14:00 ET
MakeMyTrip Limited Announces Partnership with Leading AI-Enabled Travel Booking App Hopper
2021-08-09 17:45 ET
MakeMyTrip Limited Announces Details of its Annual Shareholders Meeting
2021-07-21 14:30 ET
MakeMyTrip Limited to Report Fiscal 2022 First Quarter Financial & Operating Results on July 27, 2021
2021-05-18 14:30 ET
MakeMyTrip Limited to Report Fiscal 2021 Fourth Quarter and Full Year Financial & Operating Results on May 25, 2021
2021-02-05 11:35 ET
MakeMyTrip Limited Announces Pricing of Upsized $200 Million 0.00% Convertible Senior Notes due 2028
2021-02-03 21:56 ET
MakeMyTrip Limited Announces Proposed Offering of $175 Million Convertible Senior Notes
2021-01-21 18:30 ET
MakeMyTrip Limited to Report Fiscal 2021 Third Quarter Financial & Operating Results on January 28, 2021
2020-10-20 14:00 ET
MakeMyTrip Limited to Report Fiscal 2021 Second Quarter Financial & Operating Results on October 27, 2020
2020-09-08 14:00 ET
MakeMyTrip Limited Announces Details of Its Annual Shareholders Meeting
2020-08-18 18:30 ET
MakeMyTrip Limited to Report Fiscal 2021 First Quarter Financial & Operating Results on August 21, 2020

SEC forms

Show financial reports only

SEC form 6
2024-01-23 06:09 ET
MakeMyTrip published news for 2023 q4
SEC form 6
2024-01-23 06:09 ET
MakeMyTrip published news for 2023 q4
SEC form 6
2024-01-23 06:03 ET
MakeMyTrip published news for 2023 q4
SEC form 6
2024-01-23 06:03 ET
MakeMyTrip reported for 2023 q4
SEC form 6
2023-10-31 06:31 ET
MakeMyTrip published news for 2023 q3
SEC form 6
2023-10-31 06:21 ET
MakeMyTrip reported for 2023 q3
SEC form 6
2023-09-15 10:37 ET
MakeMyTrip published news for 2023 q2
SEC form 6
2023-08-01 06:35 ET
MakeMyTrip published news for 2023 q2
SEC form 6
2023-08-01 06:24 ET
MakeMyTrip reported for 2023 q2
SEC form 6
2023-07-25 11:38 ET
MakeMyTrip published news for 2023 q2
SEC form 6
2023-05-16 06:47 ET
MakeMyTrip published news for 2023 q1
SEC form 6
2023-05-16 06:34 ET
MakeMyTrip reported for 2023 q1
SEC form 6
2023-03-10 11:54 ET
MakeMyTrip published news for 2022 q4
SEC form 6
2023-01-31 06:13 ET
MakeMyTrip published news for 2022 q4
SEC form 6
2023-01-31 06:04 ET
MakeMyTrip reported for 2022 q4
SEC form 6
2022-11-01 06:40 ET
MakeMyTrip published news for 2022 q3
SEC form 6
2022-11-01 06:30 ET
MakeMyTrip reported for 2022 q3
SEC form 6
2022-10-19 16:40 ET
MakeMyTrip published news for 2022 q3
SEC form 6
2022-08-26 08:27 ET
MakeMyTrip published news for 2022 q2
SEC form 6
2022-07-29 12:46 ET
MakeMyTrip published news for 2022 q2
SEC form 6
2022-07-27 06:31 ET
MakeMyTrip published news for 2022 q2
SEC form 6
2022-07-27 06:22 ET
MakeMyTrip published news for 2022 q2
SEC form 6
2022-07-12 11:54 ET
MakeMyTrip published news for 2022 q2
SEC form 6
2022-05-25 07:37 ET
MakeMyTrip published news for 2022 q1
SEC form 6
2022-05-25 06:22 ET
MakeMyTrip published news for 2022 q1
SEC form 6
2022-04-22 11:23 ET
MakeMyTrip published news for 2022 q1
SEC form 6
2022-02-16 09:36 ET
MakeMyTrip published news for 2021 q4
SEC form 6
2022-01-25 06:03 ET
MakeMyTrip published news for 2021 q4
SEC form 6
2021-10-26 06:20 ET
MakeMyTrip published news for 2021 q3
SEC form 6
2021-09-08 09:22 ET
MakeMyTrip published news for 2021 q2
SEC form 6
2021-08-09 14:04 ET
MakeMyTrip published news for 2021 q2
SEC form 6
2021-07-27 06:24 ET
MakeMyTrip published news for 2021 q2
SEC form 6
2021-07-13 17:21 ET
MakeMyTrip published news for 2021 q2
SEC form 6
2021-05-25 06:25 ET
MakeMyTrip published news for 2021 q1
SEC form 6
2021-02-09 16:30 ET
MakeMyTrip published news for 2020 q4
SEC form 6
2021-02-05 17:00 ET
MakeMyTrip published news for 2020 q4
SEC form 6
2021-02-05 06:31 ET
MakeMyTrip published news for 2020 q4
SEC form 6
2021-02-03 17:16 ET
MakeMyTrip published news for 2020 q4
SEC form 6
2021-01-28 06:01 ET
MakeMyTrip published news for 2020 q4
SEC form 6
2020-10-27 06:32 ET
MakeMyTrip published news for 2020 q3
SEC form 6
2020-09-30 13:34 ET
MakeMyTrip published news for 2020 q2