MakeMyTrip Limited(MMYT)Earnings, Financials & Key Ratios
MMYT•NASDAQ
$47.06
$4.22B mkt cap·56.7× P/E·Price updated May 6, 2026
AboutMakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, 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, such as 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, 2022, it had approximately 125 franchisee-owned travel stores. The company serves leisure and corporate travelers. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.Show more
- Revenue$978M+25.0%
- EBITDA$147M+59.0%
- Net Income$95M-56.1%
- EPS (Diluted)0.83-54.6%
- Gross Margin71.96%-0.8%
- EBITDA Margin15.03%+27.2%
- Operating Margin12.25%+47.0%
- Net Margin9.72%-64.9%
- ROE8.18%-62.4%
- ROIC9.24%+73.6%
- Debt/Equity0.20-1.3%
- Interest Coverage6.78+84.6%
MMYT Key Insights
MakeMyTrip Limited (MMYT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 17.7% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 13.8%
- ✓Share count reduced 3.1% through buybacks
✗Weaknesses
- ✗Weak momentum: RS Rating 10 (bottom 10%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MMYT Price & Volume
MakeMyTrip Limited (MMYT) stock price & volume — 10-year historical chart
Loading chart...
MMYT Growth Metrics
MakeMyTrip Limited (MMYT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.56%
5 Years13.85%
3 Years47.65%
TTM11.07%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-76.15%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-73.6%
Return on Capital
10 Years-10.16%
5 Years1.57%
3 Years5.75%
Last Year9.17%
MMYT Recent Earnings
MakeMyTrip Limited (MMYT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q1 2026Latest
Jan 21, 2026EPS
$0.45
Est $0.39
+15.4%
Revenue
$311M
Est $306M
+1.5%
Q4 2025
Oct 28, 2025EPS
$0.37
Est $0.19
+96.2%
Revenue
$229M
Est $262M
-12.5%
Q3 2025
Jul 22, 2025EPS
$0.42
Est $0.45
-6.7%
Revenue
$269M
Est $263M
+2.2%
Q2 2025
May 14, 2025EPS
$0.42
Est $0.20
+109.1%
Revenue
$245M
Est $258M
-4.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Jan 21, 2026 | $0.45vs $0.39+15.4% | $311Mvs $306M+1.5% |
| Q4 2025 | Oct 28, 2025 | $0.37vs $0.19+96.2% | $229Mvs $262M-12.5% |
| Q3 2025 | Jul 22, 2025 | $0.42vs $0.45-6.7% | $269Mvs $263M+2.2% |
| Q2 2025 | May 14, 2025 | $0.42vs $0.20+109.1% | $245Mvs $258M-4.8% |
Based on last 12 quarters of dataView full earnings history →
MMYT Peer Comparison
MakeMyTrip Limited (MMYT) competitors in Online Travel Agencies and Lodging — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BKNG | 129.89B | 167.63 | 25.32 | 13.39% | 22.23% | 7% | ||
 EXPE | 32.81B | 248.65 | 25.35 | 7.61% | 8.78% | 50.8% | 9.48% | 2.62 |
 TCOM | 34.23B | 52.40 | 14.42 | 19.73% | 52.16% | 18.34% | 8.16% | 0.28 |
 TRIP | 1.29B | 11.28 | 36.39 | 3.05% | 2.12% | 6.2% | 12.62% | 1.92 |
 ABNB | 84.96B | 139.73 | 34.67 | 10.26% | 22.03% | 30.56% | 5.47% | 0.24 |
 TZOO | 101.89M | 9.32 | 22.73 | 9.32% | 4.32% | 486.29% | 5.49% | |
 SABR | 695.5M | 1.76 | 1.31 | -8.54% | 18.44% | |||
 UAL | 30.41B | 93.67 | 9.17 | 3.52% | 6.06% | 24.91% | 8.41% | 2.03 |
Compare MMYT vs Peers
MakeMyTrip Limited (MMYT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MMYT Income Statement
MakeMyTrip Limited (MMYT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 447.62M | 675.26M | 486.01M | 511.53M | 163.44M | 303.92M | 593.04M | 782.52M | 978.34M | 1.04B |
| Revenue Growth % | 33.2% | 50.86% | -28.03% | 5.25% | -68.05% | 85.95% | 95.13% | 31.95% | 25.02% | 11.07% |
| Cost of Goods Sold | 173.92M | 175.88M | 173.41M | 154.32M | 22.31M | 58.75M | 177.57M | 215.09M | 274.35M | 276.37M |
| COGS % of Revenue | 38.85% | 26.05% | 35.68% | 30.17% | 13.65% | 19.33% | 29.94% | 27.49% | 28.04% | - |
| Gross Profit | 273.7M▲ 0% | 499.38M▲ 82.5% | 312.6M▼ 37.4% | 357.21M▲ 14.3% | 141.13M▼ 60.5% | 245.17M▲ 73.7% | 415.47M▲ 69.5% | 567.43M▲ 36.6% | 703.99M▲ 24.1% | 762.96M▲ 0% |
| Gross Margin % | 61.15% | 73.95% | 64.32% | 69.83% | 86.35% | 80.67% | 70.06% | 72.51% | 71.96% | 73.41% |
| Gross Profit Growth % | 61.93% | 82.46% | -37.4% | 14.27% | -60.49% | 73.72% | 69.46% | 36.58% | 24.07% | - |
| Operating Expenses | 331.03M | 601.54M | 346.67M | 786.62M | 208.81M | 275.54M | 391.87M | 502.22M | 584.1M | 616.04M |
| OpEx % of Revenue | 73.95% | 89.08% | 71.33% | 153.78% | 127.76% | 90.66% | 66.08% | 64.18% | 59.7% | - |
| Selling, General & Admin | 317.77M | 586.86M | 325.54M | 312.63M | 135.62M | 178.09M | 245.11M | 322.65M | 388.11M | 402.56M |
| SG&A % of Revenue | 70.99% | 86.91% | 66.98% | 61.12% | 82.98% | 58.6% | 41.33% | 41.23% | 39.67% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 102.77M | 141.88M | 147.72M | 473.99M | 73.19M | 97.45M | 146.75M | 179.57M | 195.99M | 4M |
| Operating Income | -135.39M▲ 0% | -219.44M▼ 62.1% | -152.94M▲ 30.3% | -429.41M▼ 180.8% | -67.68M▲ 84.2% | -30.37M▲ 55.1% | 23.6M▲ 177.7% | 65.21M▲ 176.3% | 119.89M▲ 83.8% | 146.92M▲ 0% |
| Operating Margin % | -30.25% | -32.5% | -31.47% | -83.95% | -41.41% | -9.99% | 3.98% | 8.33% | 12.25% | 14.14% |
| Operating Income Growth % | -102.59% | -62.08% | 30.3% | -180.77% | 84.24% | 55.13% | 177.73% | 176.28% | 83.84% | - |
| EBITDA | -120.85M | -189.6M | -126.12M | -395.73M | -34.67M | -1.01M | 50.85M | 92.46M | 147.01M | 175.04M |
| EBITDA Margin % | -27% | -28.08% | -25.95% | -77.36% | -21.21% | -0.33% | 8.57% | 11.82% | 15.03% | 16.84% |
| EBITDA Growth % | -108.11% | -56.89% | 33.48% | -213.76% | 91.24% | 97.09% | 5144.64% | 81.83% | 59% | 32.14% |
| D&A (Non-Cash Add-back) | 14.54M | 29.84M | 26.82M | 33.68M | 33.01M | 29.36M | 27.25M | 27.25M | 27.12M | 28.12M |
| EBIT | -101.54M | -219.73M | -168.32M | -444.66M | -56.65M | -31.36M | 4.48M | 110.69M | 132.83M | 159.71M |
| Net Interest Income | -12.01M | 4.28M | 5.73M | -2.8M | 2.74M | -7.22M | -6.28M | 6.56M | 10.58M | -67.87M |
| Interest Income | 2.84M | 5.19M | 6.46M | 3.33M | 7.18M | 0 | 10.97M | 24.31M | 28.26M | 28.02M |
| Interest Expense | 14.85M | 911K | 730K | 6.14M | 4.44M | 7.22M | 17.25M | 17.75M | 17.67M | 95.89M |
| Other Income/Expense | 25.28M | -710K | -15.68M | -18.14M | 7.13M | -16.31M | -35.75M | 27.72M | -4M | -67.88M |
| Pretax Income | -110.11M▲ 0% | -220.15M▼ 99.9% | -168.62M▲ 23.4% | -447.55M▼ 165.4% | -60.55M▲ 86.5% | -46.67M▲ 22.9% | -12.14M▲ 74.0% | 92.94M▲ 865.3% | 115.89M▲ 24.7% | 79.04M▲ 0% |
| Pretax Margin % | -24.6% | -32.6% | -34.7% | -87.49% | -37.05% | -15.36% | -2.05% | 11.88% | 11.85% | 7.61% |
| Income Tax | 193K | 91K | -740K | -29K | -4.51M | -1.11M | -976K | -123.81M | 20.62M | 22.47M |
| Effective Tax Rate % | -0.18% | -0.04% | 0.44% | 0.01% | 7.44% | 2.37% | 8.04% | -133.21% | 17.79% | 28.43% |
| Net Income | -110.17M▲ 0% | -218.41M▼ 98.3% | -167.76M▲ 23.2% | -447.78M▼ 166.9% | -55.64M▲ 87.6% | -45.41M▲ 18.4% | -11.32M▲ 75.1% | 216.8M▲ 2015.0% | 95.1M▼ 56.1% | 56.75M▲ 0% |
| Net Margin % | -24.61% | -32.35% | -34.52% | -87.54% | -34.04% | -14.94% | -1.91% | 27.71% | 9.72% | 5.46% |
| Net Income Growth % | -24.46% | -98.25% | 23.19% | -166.92% | 87.57% | 18.39% | 75.07% | 2015.03% | -56.13% | -76.15% |
| Net Income (Continuing) | -110.3M | -220.24M | -167.88M | -447.52M | -56.04M | -45.57M | -11.17M | 216.74M | 95.27M | 56.57M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 661K | 298K | 193K | 4.05M | 3.67M | 2.34M | 6.49M | 5.56M | 5.35M | 4.27M |
| EPS (Diluted) | -2.09▲ 0% | -2.18▼ 4.3% | -1.61▲ 26.1% | -4.25▼ 164.0% | -0.52▲ 87.8% | -0.42▲ 19.2% | -0.10▲ 76.2% | 1.83▲ 1930.0% | 0.83▼ 54.6% | 0.57▲ 0% |
| EPS Growth % | 1.42% | -4.31% | 26.15% | -163.98% | 87.76% | 19.23% | 76.19% | 1930% | -54.64% | -73.6% |
| EPS (Basic) | -2.09 | -2.18 | -1.61 | -4.26 | -0.52 | -0.42 | -0.10 | 1.95 | 0.84 | - |
| Diluted Shares Outstanding | 52.61M | 100.39M | 103.99M | 105.19M | 106.8M | 108.47M | 111.1M | 118.24M | 114.54M | 99.32M |
| Basic Shares Outstanding | 52.61M | 100.19M | 103.99M | 105.11M | 106.8M | 108.11M | 109.66M | 111.09M | 112.59M | 97.7M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
MMYT Balance Sheet
MakeMyTrip Limited (MMYT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 263.19M | 540.59M | 440.64M | 279.02M | 501.18M | 591.37M | 671.91M | 857.28M | 1.07B | 1.15B |
| Cash & Short-Term Investments | 177.22M | 389.82M | 311.98M | 167.7M | 424.89M | 477.46M | 481.07M | 606.79M | 761.18M | 814.11M |
| Cash Only | 101.7M | 187.65M | 177.99M | 129.88M | 295.07M | 213.28M | 284.02M | 327.06M | 508.9M | 433.89M |
| Short-Term Investments | 75.51M | 202.17M | 133.99M | 37.82M | 129.82M | 264.18M | 197.06M | 279.72M | 252.29M | 380.22M |
| Accounts Receivable | 35.19M | 73.51M | 54.92M | 57.85M | 25.18M | 35.91M | 68.85M | 97.17M | 150.79M | 169.95M |
| Days Sales Outstanding | 28.69 | 39.74 | 41.25 | 41.28 | 56.23 | 43.13 | 42.37 | 45.33 | 56.26 | 55.53 |
| Inventory | 251K | 596K | 606K | 36K | 40K | 11K | 25K | 218K | 363K | 687K |
| Days Inventory Outstanding | 0.53 | 1.24 | 1.28 | 0.09 | 0.65 | 0.07 | 0.05 | 0.37 | 0.48 | 0.68 |
| Other Current Assets | 737K | 1.57M | 1.35M | 800K | 551K | 73.75M | 118.44M | 148.49M | 3.1M | 161.33M |
| Total Non-Current Assets | 1.28B | 1.22B | 1.13B | 804.19M | 807.83M | 731.38M | 687.91M | 802.8M | 763.02M | 713.41M |
| Property, Plant & Equipment | 15.33M | 13.69M | 13.5M | 36M | 22.16M | 19.31M | 25.38M | 25.89M | 26.46M | 22.73M |
| Fixed Asset Turnover | 29.19x | 49.32x | 36.00x | 14.21x | 7.38x | 15.74x | 23.37x | 30.22x | 36.98x | 42.33x |
| Goodwill | 996.81M | 994.73M | 936.7M | 607.25M | 619.87M | 601.15M | 561.5M | 559.88M | 551.9M | 0 |
| Intangible Assets | 173.92M | 152.79M | 132.18M | 114.74M | 101.03M | 84.51M | 67.47M | 53.5M | 45.89M | 561.46M |
| Long-Term Investments | 44.16M | 22.65M | 11.04M | 9.25M | 35.81M | 7.59M | 8.96M | 12.04M | 5.02M | 71.2M |
| Other Non-Current Assets | 11.41M | 11.38M | 6.82M | 131K | 88K | 18.81M | 24.61M | 22.16M | 27.32M | 167.42M |
| Total Assets | 1.54B▲ 0% | 1.77B▲ 14.3% | 1.57B▼ 11.1% | 1.08B▼ 31.0% | 1.31B▲ 20.8% | 1.32B▲ 1.0% | 1.36B▲ 2.8% | 1.66B▲ 22.1% | 1.83B▲ 10.1% | 1.86B▲ 0% |
| Asset Turnover | 0.29x | 0.38x | 0.31x | 0.47x | 0.12x | 0.23x | 0.44x | 0.47x | 0.54x | 0.40x |
| Asset Growth % | 285.24% | 14.29% | -11.05% | -31.02% | 20.85% | 1.05% | 2.8% | 22.08% | 10.13% | 198.55% |
| Total Current Liabilities | 134.4M | 199.97M | 204.57M | 179.87M | 194.19M | 191.22M | 453.66M | 297.57M | 576.61M | 617.92M |
| Accounts Payable | 31.16M | 74.81M | 69.2M | 21.02M | 23.81M | 33.52M | 45.75M | 67.05M | 91.24M | 177.48M |
| Days Payables Outstanding | 65.38 | 155.26 | 145.66 | 49.71 | 389.61 | 208.24 | 94.04 | 113.79 | 121.38 | 188.43 |
| Short-Term Debt | 226K | 228K | 233K | 333K | 309K | 437K | 216.88M | 1.12M | 218.1M | 234.84M |
| Deferred Revenue (Current) | 265K | 64.88M | 0 | 0 | 0 | 0 | 75.21M | 93.06M | 120.1M | 343.4M |
| Other Current Liabilities | 45.88M | 0 | 76.13M | 92.4M | 120.1M | 103.51M | 43.48M | 124.18M | 78.59M | 205.6M |
| Current Ratio | 1.96x | 2.70x | 2.15x | 1.55x | 2.58x | 3.09x | 1.48x | 2.88x | 1.85x | 1.85x |
| Quick Ratio | 1.96x | 2.70x | 2.15x | 1.55x | 2.58x | 3.09x | 1.48x | 2.88x | 1.85x | 1.85x |
| Cash Conversion Cycle | -36.16 | -114.29 | -103.14 | -8.35 | -332.72 | -165.04 | -51.61 | -68.09 | -64.64 | -132.22 |
| Total Non-Current Liabilities | 4.92M | 6.55M | 8.35M | 41.05M | 223.63M | 235.05M | 30.11M | 246.09M | 43.7M | 1.52B |
| Long-Term Debt | 523K | 424K | 474K | 698K | 188M | 202.19M | 1.9M | 203.85M | 3.12M | 1.45B |
| Capital Lease Obligations | 0 | 0 | 0 | 20.91M | 13.62M | 11.61M | 13.75M | 12.97M | 10.78M | 24.48M |
| Deferred Tax Liabilities | 159K | 115K | 601K | 1.78M | 3.86M | 2.6M | 822K | 4.75M | 2.53M | 154.84M |
| Other Non-Current Liabilities | 4.4M | 5.92M | 6.9M | 16.11M | 17.7M | 18.62M | 13.48M | 24.1M | 27.1M | 107.76M |
| Total Liabilities | 139.32M | 206.52M | 212.92M | 220.92M | 417.82M | 426.27M | 483.77M | 543.66M | 620.31M | 2.14B |
| Total Debt | 749K | 652K | 707K | 25.58M | 203.96M | 216.58M | 235.16M | 221.62M | 236.57M | 1.68B |
| Net Debt | -100.95M | -187M | -177.28M | -104.3M | -91.11M | 3.3M | -48.85M | -105.44M | -272.32M | 1.25B |
| Debt / Equity | 0.00x | 0.00x | 0.00x | 0.03x | 0.23x | 0.24x | 0.27x | 0.20x | 0.20x | 0.20x |
| Debt / EBITDA | - | - | - | - | - | - | 4.62x | 2.40x | 1.61x | 9.62x |
| Net Debt / EBITDA | - | - | - | - | - | - | -0.96x | -1.14x | -1.85x | -1.85x |
| Interest Coverage | -9.12x | -240.88x | -209.51x | -69.98x | -15.24x | -4.20x | 1.37x | 3.67x | 6.78x | 1.67x |
| Total Equity | 1.41B▲ 0% | 1.56B▲ 10.9% | 1.36B▼ 12.9% | 862.29M▼ 36.5% | 891.19M▲ 3.4% | 896.48M▲ 0.6% | 876.06M▼ 2.3% | 1.12B▲ 27.4% | 1.21B▲ 8.2% | -279.36M▲ 0% |
| Equity Growth % | 1710.95% | 10.92% | -12.93% | -36.47% | 3.35% | 0.59% | -2.28% | 27.44% | 8.2% | -330.6% |
| Book Value per Share | 26.72 | 15.53 | 13.05 | 8.20 | 8.34 | 8.26 | 7.89 | 9.44 | 10.55 | -2.81 |
| Total Shareholders' Equity | 1.4B | 1.56B | 1.36B | 858.24M | 887.52M | 894.13M | 869.57M | 1.11B | 1.2B | -283.63M |
| Common Stock | 46K | 52K | 52K | 52K | 53K | 53K | 53K | 55K | 56K | 48K |
| Retained Earnings | -298.58M | -515.85M | -682.05M | -1.15B | -1.2B | -1.21B | -1.23B | -1.02B | -929.87M | -2.82B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -21.72M | -63.21M |
| Accumulated OCI | 95.96M | 113.74M | 61.86M | 20.23M | 0 | 0 | 40.14M | -29.9M | -49.28M | -113.69M |
| Minority Interest | 661K | 298K | 193K | 4.05M | 3.67M | 2.34M | 6.49M | 5.56M | 5.35M | 4.27M |
MMYT Cash Flow Statement
MakeMyTrip Limited (MMYT) cash flow — operating, investing & free cash flow history
| Line item | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -108.46M | -125.48M | -78.93M | -112.73M | 67.93M | 6M | 32.21M | 125.74M | 185.29M | 185.29M |
| Operating CF Margin % | -24.23% | -18.58% | -16.24% | -22.04% | 41.56% | 1.97% | 5.43% | 16.07% | 18.94% | - |
| Operating CF Growth % | -64.33% | -15.69% | 37.1% | -42.83% | 160.26% | -91.17% | 437.06% | 290.34% | 47.36% | 14396.48% |
| Net Income | -110.3M | -220.24M | -167.88M | -447.52M | -55.64M | -45.57M | -11.17M | 216.74M | 95.27M | 56.75M |
| Depreciation & Amortization | 14.54M | 29.84M | 26.82M | 33.68M | 33.01M | 29.36M | 27.25M | 27.25M | 27.12M | 13.98M |
| Stock-Based Compensation | 26.8M | 44.86M | 40.03M | 41.63M | 0 | 36.65M | 35.64M | 36.96M | 36.02M | 17.72M |
| Deferred Taxes | 193K | 91K | -740K | -29K | 0 | -1.11M | -976K | -123.81M | 20.62M | 0 |
| Other Non-Cash Items | -12.24M | -1.2M | 6.81M | 320.42M | 37.81M | 13.79M | 29.4M | -26.48M | -149K | 115.44M |
| Working Capital Changes | -27.44M | 21.17M | 16.04M | -60.91M | 52.75M | -27.12M | -47.93M | -4.92M | 6.41M | 20.29M |
| Change in Receivables | 2.61M | -23.23M | 1.13M | -1.97M | 34.62M | -11.01M | -37.67M | -25.11M | -52.42M | 0 |
| Change in Inventory | 268K | -317K | -30K | 560K | -2K | 29K | -6K | -195K | -145K | 0 |
| Change in Payables | -28.1M | 46.32M | 3.45M | -82.11M | -18.31M | 26.54M | 0 | 0 | 51.18M | 0 |
| Cash from Investing | 163.01M | -115.09M | 70.01M | 73.83M | -124.83M | -77.6M | 46.63M | -75.59M | 26.44M | -86.1M |
| Capital Expenditures | -14.98M | -12.1M | -9.7M | -12.76M | -8.77M | -12.91M | -7.49M | -5.9M | -4.47M | 0 |
| CapEx % of Revenue | 3.35% | 1.79% | 2% | 2.49% | 5.37% | 4.25% | 1.26% | 0.75% | 0.46% | - |
| Acquisitions | 101.72M | -4.45M | -11.25M | -13.93M | 423K | 336K | -1.46M | -6.48M | -10.39M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.63M | 8.14M | 22.75M | 4.45M | -54K | 7.69M | -966K | 14.51M | 17.4M | -86.1M |
| Cash from Financing | 2.16M | 327.9M | -335K | -10.99M | 221.96M | -9.57M | -6.21M | -6.24M | -22.89M | -78.2M |
| Debt Issued (Net) | 131K | -96K | 97K | -3.1M | -314K | -1.08M | -996K | -2M | -5.22M | 0 |
| Equity Issued (Net) | 1000K | 1000K | 0 | 0 | 1000K | -518K | 0 | 0 | -1000K | -3M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -2.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -21.72M | -4.67B |
| Other Financing | -4.67M | -2M | -432K | -7.89M | -2.04M | -7.97M | -5.21M | -4.24M | 4.05M | 4.59B |
| Net Change in Cash | 55.43M▲ 0% | 85.94M▲ 55.0% | -9.66M▼ 111.2% | -48.11M▼ 398.2% | 165.19M▲ 443.4% | -81.78M▼ 149.5% | 70.73M▲ 186.5% | 43.05M▼ 39.1% | 181.3M▲ 321.2% | 42.47M▲ 0% |
| Free Cash Flow | -123.44M▲ 0% | -137.57M▼ 11.5% | -88.63M▲ 35.6% | -125.49M▼ 41.6% | 67.29M▲ 153.6% | -6.91M▼ 110.3% | 15.31M▲ 321.5% | 112.92M▲ 637.4% | 173.52M▲ 53.7% | 223.94M▲ 0% |
| FCF Margin % | -27.58% | -20.37% | -18.24% | -24.53% | 41.17% | -2.27% | 2.58% | 14.43% | 17.74% | 21.55% |
| FCF Growth % | -60.08% | -11.45% | 35.58% | -41.59% | 153.62% | -110.27% | 321.5% | 637.43% | 53.68% | 146.36% |
| FCF per Share | -2.35 | -1.37 | -0.85 | -1.19 | 0.63 | -0.06 | 0.14 | 0.96 | 1.51 | 1.51 |
| FCF Conversion (FCF/Net Income) | 0.98x | 0.57x | 0.47x | 0.25x | -1.22x | -0.13x | -2.85x | 0.58x | 1.95x | 3.95x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MMYT Key Ratios
MakeMyTrip Limited (MMYT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -14.86% | -14.74% | -11.5% | -40.35% | -6.35% | -5.08% | -1.28% | 21.76% | 8.18% | 30.38% |
| Return on Invested Capital (ROIC) | -13.25% | -12.3% | -8.99% | -33.23% | -6.52% | -2.68% | 2.05% | 5.32% | 9.24% | 9.24% |
| Gross Margin | 61.15% | 73.95% | 64.32% | 69.83% | 86.35% | 80.67% | 70.06% | 72.51% | 71.96% | 73.41% |
| Net Margin | -24.61% | -32.35% | -34.52% | -87.54% | -34.04% | -14.94% | -1.91% | 27.71% | 9.72% | 5.46% |
| Debt / Equity | 0.00x | 0.00x | 0.00x | 0.03x | 0.23x | 0.24x | 0.27x | 0.20x | 0.20x | 0.20x |
| Interest Coverage | -9.12x | -240.88x | -209.51x | -69.98x | -15.24x | -4.20x | 1.37x | 3.67x | 6.78x | 1.67x |
| FCF Conversion | 0.98x | 0.57x | 0.47x | 0.25x | -1.22x | -0.13x | -2.85x | 0.58x | 1.95x | 3.95x |
| Revenue Growth | 33.2% | 50.86% | -28.03% | 5.25% | -68.05% | 85.95% | 95.13% | 31.95% | 25.02% | 11.07% |
MMYT Frequently Asked Questions
MakeMyTrip Limited (MMYT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
MakeMyTrip Limited (MMYT) reported $1.04B in revenue for fiscal year 2025. This represents a 1416% increase from $68.6M in 2009.
MakeMyTrip Limited (MMYT) grew revenue by 25.0% over the past year. This is strong growth.
Yes, MakeMyTrip Limited (MMYT) is profitable, generating $56.8M in net income for fiscal year 2025 (9.7% net margin).
Dividend & Returns
MakeMyTrip Limited (MMYT) has a return on equity (ROE) of 8.2%. This is below average, suggesting room for improvement.
MakeMyTrip Limited (MMYT) generated $223.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More MMYT
MakeMyTrip Limited (MMYT) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates