SeekingAlpha•2026-04-25
MakeMyTrip: Rising Competition, Demanding ValuationMMYT — MakeMyTrip Ltd
NASDAQ · Hotels, Restaurants & Leisure · Hotels, Restaurants & Leisure
$46.02-45.06%Market cap3.57B
- Latest Close
- $46.02
- 30-Day Move
- -45.1%
- Market Cap
- $3.6B
- Shares Outstanding
- 95,150,000
- P/E Ratio
- 62.88
- P/B Ratio
- 9.07
NASDAQ:MMYTHotels, Restaurants & Leisure / Hotels, Restaurants & LeisureDelayed public snapshot
MakeMyTrip Ltd
A read-only Alphactor snapshot forMakeMyTrip Ltd. It uses the same research structure as the app, but with delayed data and shallow depth so search visitors can evaluate the stock before signing up.
Snapshot as of2026-04-24
Topline snapshot
Latest Close
$46.02
30-Day Move
-45.1%
Market Cap
$3.6B
Shares Outstanding
95,150,000
P/E Ratio
62.88
P/B Ratio
9.07
Not investment advice. Signals and scores shown here are model outputs derived from historical data, not recommendations. Past performance does not guarantee future results. Do your own research before trading. Full disclaimer
Chart snapshot
$46.02
-45.1%last 90 delayed daily bars
Market cap$3.6B
90D High
$86.94
90D Low
$32.67
Avg Volume
1,732,829
What stands out
Gross margin is running at 73.4%, which gives a quick read on operating quality before you open the full model.
Net margin is 5.5%, useful for comparing MMYT against peers in Hotels, Restaurants & Leisure.
MMYT is down 45.1% over the last 30 trading days shown on this page.
Latest operating income is $41M, which helps anchor the headline ratios with an actual earnings figure.
Research snapshot
Composite Fair Value
$69.87
Rule of 40
42.8%
Dark Pool Short %
35.1%
Fundamentals snapshot
Latest Close
$46.02
30-Day Move
-45.1%
Market Cap
$3.6B
Shares Outstanding
95,150,000
P/E Ratio
62.88
P/B Ratio
9.07
ROE
7.9%
ROA
5.2%
Gross Margin
73.4%
Operating Margin
14.1%
Net Margin
5.5%
Debt / Equity
0.2
Current Ratio
1.85
Latest Revenue
$296M
Financial statement snapshot
Revenue
$296M
Gross Profit
$208M
Operating Income
$41M
Net Income
$7M
Gross Margin
7341.0%
Net Margin
546.0%
Current Ratio
1.85
Debt / Equity
0.20
Valuation snapshot
Fair Value
$69.87
Upside / Downside
+51.8%
Signal
Undervalued
Implied Growth
5.6%
DCF
$149.10
EPV
$6.23
EV/Rev
$54.27
Growth Assumption
47.7%
Discount Rate
9.0%
Terminal Growth
2.0%
Base FCF
$174M
Valuation spread
Current Price
$46.02
Composite Fair Value
$69.87
DCF
$149.10
EPV
$6.23
EV/Rev
$54.27
After signup
The full valuation workspace goes deeper
Adjust DCF growth, discount, and terminal assumptions instead of relying on one static snapshot.
Open the deeper balance-sheet and cash-flow views to inspect debt, liquidity, and cash generation line by line.
Compare multiple valuation models against peers and save your own thesis instead of re-reading a fixed public state.
Low growth priced in
Quality snapshot
Altman Z
3.81
Safe
Piotroski
6
Moderate (4-6)
Cash Conversion
1.95x
Rule of 40
42.8%
Strong
Annual financial history
Annual performance mix
| Period | Revenue | Operating Income | Net Income | Free Cash Flow |
|---|---|---|---|---|
| 2022-12-31 | $304M | $-33M | $-45M | $-7M |
| 2023-12-31 | $593M | $21M | $-11M | $15M |
| 2024-12-31 | $783M | $76M | $217M | $113M |
| 2025-12-31 | $978M | $121M | $95M | $174M |
After signup
The app opens the full statement deep dive
Extend the history well beyond this public snapshot to inspect longer cycles and regime changes.
Move from summary lines into detailed balance-sheet and cash-flow rows for working capital, debt, and capex analysis.
Cross-link statement changes with alerts, watchlists, and saved research workflows after signup.
News snapshot
Finnhub•2026-04-20
MakeMyTrip Reportedly Weighs India Listing Via Depository ReceiptsAfter signup
The full sentiment workspace adds context
Go past the public headlines into fuller article history, source cross-checks, and deeper narrative tracking.
Tie news into alerts, watchlists, and conviction changes instead of browsing one static batch of stories.
ETF holders snapshot
| ETF | Shares | Weight | As Of |
|---|---|---|---|
| VANGUARD WORLD FUND-Vanguard International Growth Fund | 3,237,427 | 0.04% | 2025-11-30 |
| Artisan Partners Funds Inc.-Artisan Developing World Fund | 2,111,580 | 0.02% | 2025-12-31 |
| SmallCap World Fund Inc | 1,105,057 | 0.01% | 2025-12-31 |
| JPMorgan Trust I-JPMorgan Emerging Markets Equity Fund | 1,099,911 | 0.01% | 2026-01-31 |
| MFS SERIES TRUST X-MFS Emerging Markets Equity Fund | 985,755 | 0.01% | 2025-11-30 |
| Fidelity Investment TRT-Fidelity Series Emerging Markets Opportunities | 930,559 | 0.01% | 2026-02-28 |
| -Price (T.Rowe) Emerging Markets Equity Trust | 672,769 | 0.01% | 2025-12-31 |
| ALLSPRING FUNDS TRUST-Allspring Emerging Markets Equity Fund | 599,336 | 0.01% | 2026-02-28 |
After signup
The deeper ownership view shows who is leaning in
Open richer institutional and holder diffs to see position changes across filings instead of one static snapshot.
Use those ownership shifts alongside conviction and alerts in the full app workflow.
Institutional holders snapshot
Qube Research & Technologies
Filed 2026-02-17
--
--
Northern Trust
Filed 2025-08-13
--
--
D.E. Shaw
Filed 2026-02-17
--
--
FMR LLC (Fidelity)
Filed 2026-02-17
$224M
-68.4%
Goldman Sachs
Filed 2026-02-10
$159M
+11.5%
Capital Research Global Investors
Filed 2026-02-11
$150M
--
Marshall Wace
Filed 2025-11-13
$129M
--
Man Group
Filed 2026-02-17
$113M
+60.6%
Dark-pool activity snapshot
For informational and educational purposes only. Not financial advice. Learn more
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