MakeMyTrip (MMYT) Stock Price, News & Analysis

Company Overview

MakeMyTrip Inc. is an online travel company that provides a comprehensive suite of travel products and services through its website and mobile app platform. The company’s offerings include air ticketing, hotel reservations, holiday packages, rail and bus ticket bookings, ancillary travel services such as travel insurance and visa assistance, and corporate travel management solutions. By leveraging technology-driven platforms, MakeMyTrip aims to deliver convenience, competitive pricing, and a seamless booking experience for both retail and business customers.

Founded in June 2000 by Deep Kalra, MakeMyTrip has grown to become one of India’s leading travel technology firms. Over the years, the company has expanded its portfolio through strategic acquisitions and organic growth, integrating brands such as Goibibo and redBus to strengthen its position in flights, hotels, and ground transportation segments. MakeMyTrip’s user-friendly interface and extensive inventory partnerships enable travelers to compare options and book travel arrangements efficiently.

The company completed its initial public offering on the NASDAQ in June 2010, marking one of the first major U.S.-listed travel technology stocks from India. Since then, MakeMyTrip has continued to invest in digital innovation, building data-driven solutions, personalized offers, and mobile-first experiences. Its technology stack supports real-time search, dynamic pricing, and loyalty programs designed to enhance customer engagement and retention.

Headquartered in Gurugram, India, MakeMyTrip serves customers across South Asia, Southeast Asia, the Middle East, and beyond. The company maintains regional offices in key travel markets and has developed a mobile presence to capture the growing demand for app-based bookings. Deep Kalra, the company’s founder, serves as Executive Chairman, while Rajesh Magow holds the position of Chief Executive Officer. Under their leadership, MakeMyTrip continues to focus on market expansion, product innovation, and operational efficiency.

Key Stats

• Today's Range: $95.21 to $98.27
• 50-Day Range: $90.86 to $103.21
• 52-Week Range: $81.84 to $123.00
• Volume: 732,331 shs
• Average Volume: 1.02 million shs
• Market Capitalization: $10.64 billion
• P/E Ratio: 111.21
• Dividend Yield: N/A
• Price Target: $120.00
• Consensus Rating: Buy

MakeMyTrip Stock Analysis - MarketRank™

MakeMyTrip scored higher than 77% of companies evaluated by MarketBeat, and ranked 326th out of 650 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: 3.1 / 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 111.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 269.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of MakeMyTrip is 111.21, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 416.86.

Price to Book Value per Share Ratio

MakeMyTrip has a P/B Ratio of 8.81. 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

4.18% of the outstanding shares of MakeMyTrip have been sold short.

Short Interest Ratio / Days to Cover

MakeMyTrip has a short interest ratio ("days to cover") of 3.5, 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 1.53%, indicating that investor sentiment is decreasing.

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

4.18% of the outstanding shares of MakeMyTrip have been sold short.

Short Interest Ratio / Days to Cover

MakeMyTrip has a short interest ratio ("days to cover") of 3.5, 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 1.53%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.25

News Sentiment

MakeMyTrip has a news sentiment score of 1.25. 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 higher news sentiment than the 1.00 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for MakeMyTrip this week, compared to 8 articles on an average week.

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 at the start of the year. Since then, MMYT stock has decreased by 14.8% and is now trading at $95.64.

How were MakeMyTrip's earnings last quarter?

MakeMyTrip Limited (NASDAQ:MMYT) posted its quarterly earnings data on Thursday, January, 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.12. MakeMyTrip had a trailing twelve-month return on equity of 16.62% and a net margin of 10.07%.
Read the conference call transcript.

Does MakeMyTrip have any subsidiaries?

The following companies are subsidiaries of MakeMyTrip: Ibibo Group Holdings (Singapore) Pte. Ltd., Ibibo Group Private Limited, and MakeMyTrip (India) Private Limited.

Who are MakeMyTrip's major shareholders?

MakeMyTrip's top institutional shareholders include Schroder Investment Management Group (5.06%), Artisan Partners Limited Partnership (1.90%), Franklin Resources Inc. (1.84%) and Jennison Associates LLC (1.66%).

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: 9/02/2025
• Next Earnings (Estimated): 10/22/2025
• 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: $120.00
• High Price Target: $130.00
• Low Price Target: $110.00
• Potential Upside/Downside: +25.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.86
• Trailing P/E Ratio: 111.21
• Forward P/E Ratio: 75.31
• P/E Growth: N/A
• Net Income: $95.10 million
• Net Margins: 10.07%
• Pretax Margin: 12.37%
• Return on Equity: 16.62%
• Return on Assets: 5.86%

Debt

• Debt-to-Equity Ratio: 18.35
• Current Ratio: 1.15
• Quick Ratio: 1.15

Sales & Book Value

• Annual Sales: $978.34 million
• Price / Sales: 10.88
• Cash Flow: $1.47 per share
• Price / Cash Flow: 64.89
• Book Value: $10.86 per share
• Price / Book: 8.81

Miscellaneous

• Outstanding Shares: 111,260,000
• Free Float: 99,802,000
• Market Cap: $10.64 billion
• Optionable: Optionable
• Beta: 0.87