MakeMyTrip (MMYT) Stock Price, News & Analysis

Company Overview

MakeMyTrip Inc. (NASDAQ: MMYT) operates as a leading online travel company, offering a comprehensive range of travel services through its proprietary technology platform. Founded in 2000 by Deep Kalra, the company pioneered the digitalization of travel bookings in India and has since expanded its footprint globally. Headquartered in Gurugram, India, MakeMyTrip empowers consumers and corporate clients to plan, book, and manage travel arrangements with ease and convenience.

The company’s core offerings include airline ticketing, hotel and alternative accommodations booking, holiday packages, and ancillary travel services such as rail and bus reservations, car rentals, and travel insurance. Leveraging a user-friendly website and mobile app, MakeMyTrip delivers end-to-end travel solutions that cater to leisure and business travelers. It also offers specialized services like visa processing, foreign exchange, and last-mile transfers to enhance the overall travel experience.

MakeMyTrip’s influence extends beyond India, with strategic operations across Southeast Asia and the Middle East. Its key subsidiaries and brands—Goibibo, RedBus, and a suite of regional platforms—strengthen its market presence and allow for tailored offerings in diverse geographies. These platforms collectively serve millions of users by integrating local expertise with MakeMyTrip’s robust technological infrastructure.

Under the leadership of Founder and Group CEO Deep Kalra, alongside Co-Group CEO and Managing Director Rajesh Magow, MakeMyTrip has pursued growth through organic expansion and strategic acquisitions. A landmark merger with Ibibo Group in 2016 bolstered its portfolio and market share, positioning the company as a dominant force in the online travel industry. With a continued focus on innovation, customer satisfaction, and strategic partnerships, MakeMyTrip aims to drive long-term value and solidify its role as a premier global travel platform.

Key Stats

• Today's Range: $90.41 to $92.69
• 50-Day Range: $90.86 to $113.21
• 52-Week Range: $76.95 to $123.00
• Volume: 1.53 million shs
• Average Volume: 831,276 shs
• Market Capitalization: $10.11 billion
• P/E Ratio: 109.47
• Dividend Yield: N/A
• Price Target: $121.67
• Consensus Rating: Buy

MakeMyTrip Stock Analysis - MarketRank™

MakeMyTrip scored higher than 69% of companies evaluated by MarketBeat, and ranked 280th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

MakeMyTrip has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

MakeMyTrip has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 39.37%

Earnings Growth

Earnings for MakeMyTrip are expected to grow by 39.37% in the coming year, from $1.27 to $1.77 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MakeMyTrip is 109.47, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.92.

Price to Earnings Ratio vs. Sector

The P/E ratio of MakeMyTrip is 109.47, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 36.80.

Price to Book Value per Share Ratio

MakeMyTrip has a P/B Ratio of 8.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.25% of the float of MakeMyTrip has been sold short.

Short Interest Ratio / Days to Cover

MakeMyTrip has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MakeMyTrip has recently increased by 102.87%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

MakeMyTrip does not currently pay a dividend.

Dividend Growth

MakeMyTrip does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.25% of the float of MakeMyTrip has been sold short.

Short Interest Ratio / Days to Cover

MakeMyTrip has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MakeMyTrip has recently increased by 102.87%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.57

News Sentiment

MakeMyTrip has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.86 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for MakeMyTrip this week, compared to 7 articles on an average week.

Search Interest

Only 1 people have searched for MMYT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

2 people have added MakeMyTrip to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MakeMyTrip insiders have not sold or bought any company stock.

Percentage Held by Insiders

10.30% of the stock of MakeMyTrip is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

51.89% of the stock of MakeMyTrip is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MMYT Stock Analysis - Frequently Asked Questions

How have MMYT shares performed this year?

MakeMyTrip's stock was trading at $112.28 on January 1st, 2025. Since then, MMYT stock has decreased by 19.1% and is now trading at $90.86.

How were MakeMyTrip's earnings last quarter?

MakeMyTrip Limited (NASDAQ:MMYT) issued its quarterly earnings results on Thursday, January, 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.12. MakeMyTrip had a net margin of 9.72% and a trailing twelve-month return on equity of 12.13%.
Read the conference call transcript.

Does MakeMyTrip have any subsidiaries?

MakeMyTrip subsidiaries include these companies: Ibibo Group Holdings (Singapore) Pte. Ltd., Ibibo Group Private Limited, and MakeMyTrip (India) Private Limited.

Who are MakeMyTrip's major shareholders?

Top institutional shareholders of MakeMyTrip include Exchange Traded Concepts LLC (0.08%), Sumitomo Mitsui DS Asset Management Company Ltd (0.02%), Confluence Investment Management LLC and Farther Finance Advisors LLC.

How do I buy shares of MakeMyTrip?

Shares of MMYT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of MakeMyTrip own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MakeMyTrip investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Humana (HUM), Adobe (ADBE) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 1/23/2025
• Today: 7/12/2025
• Next Earnings (Estimated): 7/22/2025
• Fiscal Year End: 3/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Internet Services - Delivery
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:MMYT
• CIK: 1495153
• Web: www.makemytrip.com
• Phone: 911244395000
• Fax: N/A
• Employees: 5,122
• Year Founded: 2000

Price Target and Rating

• Average Price Target for MakeMyTrip: $121.67
• High Price Target: $130.00
• Low Price Target: $110.00
• Potential Upside/Downside: +33.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.83
• Trailing P/E Ratio: 109.47
• Forward P/E Ratio: 71.54
• P/E Growth: N/A
• Net Income: $95.10 million
• Net Margins: 9.72%
• Pretax Margin: 11.85%
• Return on Equity: 12.13%
• Return on Assets: 8.00%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 1.85
• Quick Ratio: 1.85

Sales & Book Value

• Annual Sales: $978.34 million
• Price / Sales: 10.33
• Cash Flow: $1.50 per share
• Price / Cash Flow: 60.53
• Book Value: $10.86 per share
• Price / Book: 8.37

Miscellaneous

• Outstanding Shares: 111,260,000
• Free Float: 99,802,000
• Market Cap: $10.11 billion
• Optionable: Optionable
• Beta: 0.85