MakeMyTrip Limited(MMYT) Stock Research - Grey Stern Research
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MakeMyTrip Limited (MMYT) Stock Analysis

$117.39 (0.81%)

MMYT Financial Performance


Use the table below to view MakeMyTrip Limited's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2025

Metric Value Ranking among Peers
Price $116.45 -
52 Week Low $43.00 -
52 Week High $118.75 -
Market Cap $12.8 Billion 2/9
Gross Margin 55% 6/9
Profit Margin 8% 5/9
EBITDA margin 19% 4/9
Q2 - 2025 Revenue $211.0 Million 4/9
Q2 - 2025 Earnings $17.9 Million 4/9
Q2 - 2025 Free Cash Flow $35.6 Million 2/9
Trailing 4 Quarters Revenue $882.6 Million 4/9
Trailing 4 Quarters Earnings $235.2 Million 2/9
Quarterly Earnings Growth 762% 3/9
Annual Earnings Growth 309% 1/9
Quarterly Revenue Growth 25% 2/9
Annual Revenue Growth 16% 4/9
Cash On Hand $401.9 Million 3/9
Short Term Debt $5.2 Million 5/9
Long Term Debt $223.7 Million 5/9

MakeMyTrip Limited Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare MakeMyTrip Limited's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 54.36 1/9
PS 14.48 2/9
PB 10.91 1/9
PC 31.81 2/9
Liabilities to Equity 0.52 4/9
ROA 0.13 1/9
ROE 0.20 3/9
Current Ratio 2.93 1/9
Quick Ratio 1.18 2/9
Long Term Debt to Equity 0.19 2/9
Debt to Equity 0.20 2/9
Burn Rate -52.94 8/9
Cash to Cap 0.03 8/9
CCR 2.00 2/9
EV to EBITDA 314.50 2/9
EV to Revenue 14.29 1/9

Company Details

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its services and products include air tickets; hotels; packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance. The company allows travelers to research, plan, book, and purchase travel services and products through its Websites makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, travel stores, and travel agents' network, as well as mobile service platform. As of March 31, 2021, it had approximately 150 franchisee-owned travel stores. The company serves leisure and corporate travelers. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.

CEO: Mr. Deep Kalra

Website: https://www.makemytrip.com

Address: 19Th Floor, Building No.5,, Dlf Cyber City Gurgaon, HARYANA

Exchange: NASDAQ Global Select

Industry: Travel Services

MakeMyTrip Limited Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to MakeMyTrip Limited. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Tripadvisor, Inc. TRIP $2.0 Billion
Despegar.com, Corp. DESP $1.2 Billion
Tuniu Corporation TOUR $133.4 Million
Yatra Online, Inc. YTRA $85.4 Million
Lindblad Expeditions Holdings, Inc. LIND $729.8 Million
Sabre Corporation SABRP $23.6 Billion
Travel + Leisure Co. TNL $3.8 Billion
Inspirato Incorporated ISPO $40.2 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
MMYT Income Statements
Quarter Year Revenue Earnings
Q2 2025 $ 211.0 Million $17.9 Million
Q1 2025 $ 254.5 Million $21.0 Million
Q4 2024 $ 202.9 Million $172.0 Million
Q3 2024 $ 214.2 Million $24.3 Million
Q2 2024 $ 168.7 Million $2.1 Million
Q1 2024 $ 196.7 Million $18.5 Million
Q4 2023 $ 148.5 Million $5.7 Million
Q3 2023 $ 170.5 Million $174,000

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MMYT Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2025 $401.9 Million $1.8 Billion $229.0 Million $1.2 Billion
Q1 2025 $348.8 Million $1.7 Billion $256.0 Million $1.1 Billion
Q4 2024 $327.1 Million $1.7 Billion $221.6 Million $1.1 Billion
Q3 2024 $309.8 Million $1.5 Billion $248.7 Million $941.2 Million
Q2 2024 $303.6 Million $1.5 Billion $242.7 Million $908.6 Million
Q1 2024 $333.6 Million $1.4 Billion $238.6 Million $897.4 Million
Q4 2023 $284.0 Million $1.4 Billion $235.2 Million $869.6 Million
Q3 2023 $227.2 Million $1.3 Billion $231.0 Million $853.4 Million

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MMYT Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2025 $35.6 Million $0 $53.3 Million
Q1 2025 $72.3 Million $0 $21.8 Million
Q4 2024 -$104,702 $0 $17.3 Million
Q3 2024 $72.0 Million $0 $6.1 Million
Q2 2024 $17.8 Million $0 -$29.9 Million
Q1 2024 $36.5 Million $0 $49.5 Million
Q4 2023 $44.2 Million $0 $56.9 Million
Q3 2023 -$8.3 Million $0 -$47.6 Million

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