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Upturn AI Summary - About
MakeMyTrip Limited(MMYT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MMYT
10/02/2026: MMYT (1-star) is currently NOT-A-BUY. Pass it for now.
MakeMyTrip Limited is a prominent Indian online travel agency that facilitates air, hotel, and bus bookings through its multi-brand platform. The company has a leading position in the Indian market, characterized by strong brand recognition and deep infrastructure integration. Its primary growth story revolves around the ongoing digitalization of travel in India and the expansion of high-margin segments like homestays. Risks include intense domestic and global competition, regulatory uncertainties, and a heavy reliance on the Indian economic environment. The stock is best suited for growth-oriented investors who are comfortable with the risks associated with emerging market consumer tech and seek exposure to India's long-term travel growth.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company offers exposure to the structural growth of India's digital travel economy. |
| Momentum investor | Strong fit while signal remains positive | The stock often follows strong trends in Indian consumer discretionary spending and positive earnings momentum. |
| Value investor | Mixed fit | Valuation is often premium due to growth expectations, making it less suitable for deep-value seekers. |
| Dividend investor | Weak fit | The company does not pay a dividend as it prioritizes growth capital. |
| Low-risk investor | Weak fit | Emerging market exposure and sector volatility make this stock higher risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is susceptible to fluctuations based on Indian market sentiment and travel demand cycles. |
| Valuation risk | Medium | High growth expectations are priced into the stock, leaving little margin for earnings misses. |
| Competition risk (Direct digital competitors) | High | Intense rivalry from both global OTAs and local platforms keeps margins under constant pressure. |
| Business quality | Medium / high | The company has a strong, defensible market position in India, though it faces execution challenges in new segments. |
| Dividend income | Low / none | Income-focused investors will find no yield here. |
| Execution risk | Medium | Maintaining leadership across multiple segments requires consistent operational execution and tech innovation. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -10.72% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/02/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.49B USD | Price to earnings Ratio 207.61 | 1Y Target Price 74.3 |
Price to earnings Ratio 207.61 | 1Y Target Price 74.3 | ||
Volume (30-day avg) 762.2K shares | Beta 1 | 52 Weeks Range 32.67 - 96.60 | Updated Date 10/01/2026 |
52 Weeks Range 32.67 - 96.60 | Updated Date 10/01/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.23 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Air Ticketing | Commissions and fees from domestic and international flight bookings. | Steady but competitive foundation of the company's volume. |
| Hotels and Packages | Commissions from hotel bookings and markup on vacation packages. | The primary driver of margin expansion for the business. |
| Bus Ticketing | Commissions from bus operator ticket sales. | A highly profitable, dominant niche with strong recurring usage. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 207.61 | Forward PE 96.15 | Enterprise Value 5.06B | Price to Sales(TTM) 4.23 |
Enterprise Value 5.06B | Price to Sales(TTM) 4.23 | ||
Enterprise Value to Revenue 4.77 | Enterprise Value to EBITDA 25.21 | Shares Outstanding 88.76M | Shares Floating 29.14M |
Shares Outstanding 88.76M | Shares Floating 29.14M | ||
Percent Insiders 20.76 | Percent Institutions 105.53 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About MakeMyTrip Limited
Exchange NASDAQ | Headquarters - | ||
IPO Launch date 2010-08-12 | Co-Founder, Group CEO & Director Mr. Rajesh Magow | ||
Sector Consumer Cyclical | Industry Travel Services | Full time employees 5507 | Website https://www.makemytrip.com |
Full time employees 5507 | Website https://www.makemytrip.com | ||
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, Vietnam, Saudi Arabia, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air tickets, hotels and alternative accommodations, holiday packages, bus tickets, rail tickets, car hire, tours and attractions, travel assurance products and add-on products for bookings; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products; and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands, as well as foreign exchange, prepaid forex cards, cross-border remittances and related financial services. The company allows travelers to research, plan, and book a range of travel services and products in India and internationally through its primary websites, including makemytrip.com, goibibo.com, redbus.in, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, franchisee-owned travel stores, and travel agents' network, as well as its mobile applications. It primarily serves leisure travelers and corporates. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in March 2010. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.
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