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MMYT
Upturn stock ratingUpturn stock rating

MakeMyTrip Limited (MMYT)

Upturn stock ratingUpturn stock rating
$92.12
Last Close (24-hour delay)
Today's Top Performer Top performer
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

07/10/2025: MMYT (5-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Outstanding Performance

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Number of Analysts

rating

10 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $122.07

1 Year Target Price $122.07

Analysts Price Target For last 52 week
$122.07 Target price
52w Low $76.95
Current$92.12
52w High $123

Analysis of Past Performance

Type Stock
Historic Profit 122.15%
Avg. Invested days 61
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 5.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/10/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 8.76B USD
Price to earnings Ratio 110.8
1Y Target Price 122.07
Price to earnings Ratio 110.8
1Y Target Price 122.07
Volume (30-day avg) 10
Beta 0.88
52 Weeks Range 76.95 - 123.00
Updated Date 07/11/2025
52 Weeks Range 76.95 - 123.00
Updated Date 07/11/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.82

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 9.72%
Operating Margin (TTM) 13.29%

Management Effectiveness

Return on Assets (TTM) 4.35%
Return on Equity (TTM) 8.2%

Valuation

Trailing PE 110.8
Forward PE -
Enterprise Value 8120480582
Price to Sales(TTM) 8.96
Enterprise Value 8120480582
Price to Sales(TTM) 8.96
Enterprise Value to Revenue 8.3
Enterprise Value to EBITDA 50.77
Shares Outstanding 89851696
Shares Floating 57246328
Shares Outstanding 89851696
Shares Floating 57246328
Percent Insiders 18.25
Percent Institutions 76.49

ai summary icon Upturn AI SWOT

MakeMyTrip Limited

stock logo

Company Overview

overview logo History and Background

MakeMyTrip Limited was founded in 2000 by Deep Kalra. It started with online travel services for the Indian market and expanded to offer a wide range of travel-related services, including flights, hotels, and packages. It has grown through organic expansion and acquisitions.

business area logo Core Business Areas

  • Air Ticketing: Offers flight booking services across various airlines.
  • Hotels and Packages: Provides hotel booking and packaged tour services.
  • Online Travel Technology Services: Offers a marketplace to help other Online Travel Agents and Suppliers book various travel aspects from Flights to Hotels
  • Ground Transportation: Provides car rental and bus booking services.

leadership logo Leadership and Structure

Deep Kalra is the founder and Chairman. Rajesh Magow is the Group CEO. The company has a board of directors responsible for overall governance.

Top Products and Market Share

overview logo Key Offerings

  • Flights: Flight ticket bookings constitute a significant portion of MakeMyTrip's revenue. Competitors include EaseMyTrip (EASEMYTRIP.NS) and Yatra. Market share fluctuates; reliable recent figures are proprietary to research firms.
  • Market Share: Data unavailable
  • Hotels: Hotel bookings are another major revenue stream. Competitors include Booking.com (BKNG), Expedia (EXPE), and Agoda. Market share fluctuates; reliable recent figures are proprietary to research firms.
  • Market Share: Data unavailable
  • Market Share: Data unavailable
  • Packages: Travel packages combining flights, hotels, and activities. Competitors include Thomas Cook India (THOMASCOOK.NS). Market share fluctuates; reliable recent figures are proprietary to research firms.

Market Dynamics

industry overview logo Industry Overview

The online travel industry is highly competitive and fragmented. It's influenced by factors like economic growth, disposable income, and travel trends.

Positioning

MakeMyTrip is a leading online travel aggregator in India. Its competitive advantages include a strong brand presence, a wide range of offerings, and a large customer base.

Total Addressable Market (TAM)

The Indian online travel market is substantial, estimated to be in the billions of USD annually. MakeMyTrip holds a considerable share but faces competition from global and local players.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition in India
  • Wide range of travel products and services
  • Extensive distribution network
  • Established technology platform
  • Loyalty Programs

Weaknesses

  • High dependence on the Indian market
  • Intense competition
  • Susceptibility to economic downturns
  • Fluctuations in currency exchange rates
  • Profitability challenges

Opportunities

  • Expanding into new geographic markets
  • Developing new travel products and services
  • Leveraging data analytics for personalization
  • Growing demand for online travel bookings
  • Strategic partnerships and alliances

Threats

  • Increased competition from global players
  • Economic slowdowns affecting travel spending
  • Changes in government regulations
  • Cybersecurity risks
  • Geopolitical instability

Competitors and Market Share

competitor logo Key Competitors

  • BKNG
  • EXPE
  • CDRE.L

Competitive Landscape

MakeMyTrip faces competition from both global players like Booking Holdings (BKNG) and Expedia (EXPE), as well as domestic players. It must differentiate itself through service, pricing, and technology.

Major Acquisitions

ibibo Group

  • Year: 2016
  • Acquisition Price (USD millions): 720
  • Strategic Rationale: Strengthened its position in the Indian online travel market by acquiring key brands such as Goibibo and redBus.

Growth Trajectory and Initiatives

Historical Growth: MakeMyTrip has experienced substantial growth in revenue over the past decade, driven by the expansion of the Indian online travel market. However, growth rates have fluctuated due to economic conditions and competition.

Future Projections: Future growth projections depend on various factors, including market conditions, competitive pressures, and the company's strategic initiatives. Analyst estimates should be consulted for specific figures.

Recent Initiatives: Recent initiatives could include expansion into new markets, development of new travel products, or strategic partnerships.

Summary

MakeMyTrip is a leading player in the Indian online travel market with a strong brand and extensive offerings. Intense competition and economic uncertainties present challenges. The company's ability to innovate and expand into new markets will be crucial for future success. The acquistions of the past have proven fruitful for the company, but the company's biggest weakness continues to be profitability.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company reports
  • Industry analysis reports
  • Financial news sources

Disclaimers:

The data provided is based on available information and may be subject to change. Market share data is approximate and relies on industry estimates.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 5122

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.