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Upturn AI SWOT - About
MMYT 
MakeMyTrip Limited (MMYT)
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Upturn Advisory Summary
09/15/2025: MMYT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
10 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $121
1 Year Target Price $121
| 5 | Strong Buy |
| 4 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 110.94% | Avg. Invested days 54 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/15/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.31B USD | Price to earnings Ratio 113.95 | 1Y Target Price 121 |
Price to earnings Ratio 113.95 | 1Y Target Price 121 | ||
Volume (30-day avg) 10 | Beta 0.87 | 52 Weeks Range 81.84 - 123.00 | Updated Date 09/15/2025 |
52 Weeks Range 81.84 - 123.00 | Updated Date 09/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.86 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.07% | Operating Margin (TTM) 15.01% |
Management Effectiveness
Return on Assets (TTM) 2.53% | Return on Equity (TTM) 16.56% |
Valuation
Trailing PE 113.95 | Forward PE - | Enterprise Value 8781754921 | Price to Sales(TTM) 9.38 |
Enterprise Value 8781754921 | Price to Sales(TTM) 9.38 | ||
Enterprise Value to Revenue 8.98 | Enterprise Value to EBITDA 54.9 | Shares Outstanding 89851696 | Shares Floating 39264586 |
Shares Outstanding 89851696 | Shares Floating 39264586 | ||
Percent Insiders 17.8 | Percent Institutions 96.84 |
Upturn AI SWOT
MakeMyTrip Limited
Company Overview
History and Background
MakeMyTrip Limited was founded in 2000 by Deep Kalra. Initially focused on serving the US-India travel market, it expanded to offer a wider range of travel services within India and internationally. It launched its India operations in 2005 and has grown to become a leading online travel agency in India.
Core Business Areas
- Air Ticketing: Facilitates booking of airline tickets for domestic and international travel. This remains one of the core revenue generators.
- Hotels and Packages: Offers hotel booking services and customizable holiday packages combining flights, accommodations, and activities.
- Other Travel Services: Includes bus ticketing, rail ticketing, car rentals, visa assistance, and travel insurance.
Leadership and Structure
Deep Kalra is the Founder and Chairman. Rajesh Magow is the Group Chief Executive Officer. The company operates with a functional organizational structure with various departments managing different aspects of the business.
Top Products and Market Share
Key Offerings
- Flights: MakeMyTrip is a leading platform for booking flights, leveraging extensive airline partnerships. Competitors include EaseMyTrip (EASEMYTRIP.NS), Yatra, and various airline websites. Estimated market share is approximately 25-30% in India's online flight booking segment (this is a broad estimate based on available reports and may not be perfectly accurate).
- Hotels: Offers a wide range of hotel options, from budget to luxury, with various deals and discounts. Competition includes Booking.com (BKNG), Agoda (BKNG), and domestic aggregators. Revenue from hotels contribute significantly to the overall revenue.
- Holiday Packages: Customizable vacation packages combining flights, hotels, and activities tailored to customer preferences. Competitors include Thomas Cook India, SOTC, and other travel agencies. The revenue generated from holiday packages is relatively lower than Flights and Hotels.
Market Dynamics
Industry Overview
The online travel industry is experiencing growth, driven by increasing internet penetration, mobile usage, and a growing middle class in India. It's highly competitive, with players vying for market share through discounts and personalized services.
Positioning
MakeMyTrip is positioned as a leading online travel aggregator in India, offering a comprehensive suite of travel services. Its competitive advantages include brand recognition, established customer base, and strong technology platform.
Total Addressable Market (TAM)
The Indian travel market is estimated to be a multi-billion dollar industry with the online travel segment rapidly expanding. MakeMyTrip is positioned to capture a significant share of this growing TAM through its diverse offerings and strong brand presence.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Large customer base
- Comprehensive service offerings
- Established technology platform
- Extensive partnerships with airlines and hotels
Weaknesses
- High dependence on online channels
- Susceptibility to economic downturns
- Intense competition
- Pricing pressure
- Dependence on third party service providers
Opportunities
- Expanding into new geographic markets
- Developing innovative travel products
- Leveraging data analytics for personalization
- Growing demand for experiential travel
- Partnerships with local businesses
Threats
- Increasing competition from global players
- Fluctuations in currency exchange rates
- Changes in government regulations
- Economic slowdown
- Geopolitical instability
Competitors and Market Share
Key Competitors
- BKNG
- EXPE
- ABNB
- EASEMYTRIP.NS
Competitive Landscape
MakeMyTrip benefits from its strong brand in India and deep understanding of the local market. However, it faces increasing competition from global players with greater financial resources and technological expertise.
Major Acquisitions
Ibibo Group
- Year: 2016
- Acquisition Price (USD millions): 720
- Strategic Rationale: Consolidation of market share, expansion of hotel and bus ticketing offerings, and synergies in technology and marketing.
Growth Trajectory and Initiatives
Historical Growth: MakeMyTrip's growth has been driven by the expansion of the online travel market in India and strategic acquisitions.
Future Projections: Analyst projections generally point toward continued revenue growth due to the increasing adoption of online travel services in India.
Recent Initiatives: Recent initiatives include focusing on customer experience enhancements, strengthening partnerships, and expanding into new service categories.
Summary
MakeMyTrip is a leading online travel agency in India with a strong brand and established customer base. Its comprehensive service offerings and technology platform are its strengths. However, it faces intense competition, pricing pressure, and susceptibility to economic downturns and needs to look out for those competitive pressures to maintain market share. The company needs to focus on innovation and expanding its service offerings to remain competitive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (if available), Industry reports, Analyst estimates, Market research data
- SEC.gov
Disclaimers:
This analysis is based on publicly available information and general industry knowledge. It should not be considered financial advice. Market share data are estimates and may not be precise.
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.
About MakeMyTrip Limited
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2010-08-12 | Co-Founder, Group CEO & Director Mr. Rajesh Magow | ||
Sector Consumer Cyclical | Industry Travel Services | Full time employees 5122 | Website https://www.makemytrip.com |
Full time employees 5122 | 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, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air ticketing, hotels and packages, bus tickets, rail tickets, and car hire; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products, foreign currency exchange services, and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands. 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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