MMYT

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MakeMyTrip Limited

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Key Metrics

Previous Close: $61.24
52-Week Range: $32.67 – $104.43
Market Cap: $5.72B
P/E (TTM): 264.30
EPS (TTM): 0.23
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: 5.39
Return on Equity: 2868.74%
Return on Assets: 2.99%
Gross Margin: 58.60%
Operating Margin: 15.30%
Profit Margin: 3.23%
Current Ratio: 3.13
Debt/Equity: —
Total Debt: $1.44B
Free Cash Flow: $41.22M
Revenue Growth: 6.20%
Earnings Growth: -60.80%
Enterprise Value: $6.60B

MMYT Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$593.04M	$782.52M	$978.34M	$1.04B
Cost of Revenue	$177.57M	$215.09M	$274.35M	$273.85M
Gross Profit	$415.47M	$567.43M	$703.99M	$770.14M
Selling, General & Admin	$245.11M	$322.65M	$388.11M	$405.84M
Operating Expenses	$394.01M	$491.46M	$582.75M	$614.32M
Operating Income	$21.46M	$75.98M	$121.24M	$155.82M
EBITDA	$31.72M	$137.93M	$159.95M	$198.07M
Pretax Income	-$12.14M	$92.94M	$115.89M	$78.37M
Income Tax	-$976.00K	-$123.81M	$20.62M	$26.70M
Net Income	-$11.32M	$216.80M	$95.10M	$51.80M
Diluted EPS	-0.10	1.74	0.83	—
Diluted Shares	109.66M	118.24M	114.54M	—

MMYT Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$284.02M	$327.06M	$508.90M	$424.83M
Receivables	$68.90M	$97.17M	$150.79M	$163.09M
Inventory	$25.00K	$218.00K	$363.00K	$612.00K
Current Assets	$671.91M	$857.28M	$1.07B	$1.05B
Total Assets	$1.36B	$1.66B	$1.83B	$1.75B
Current Liabilities	$453.66M	$297.57M	$576.61M	$343.20M
Long-Term Debt	$1.90M	$203.85M	$3.12M	$1.39B
Total Debt	$235.16M	$221.62M	$236.57M	$1.41B
Total Liabilities	$483.77M	$543.66M	$620.31M	$1.81B
Retained Earnings	-$1.23B	-$1.02B	-$929.87M	-$2.79B
Shareholders' Equity	$869.57M	$1.11B	$1.20B	-$67.77M
Working Capital	$218.25M	$559.70M	$488.65M	$703.28M
Net Debt	—	—	—	$969.81M

MMYT Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$32.21M	$125.74M	$185.29M	$182.54M
Capital Expenditure	-$16.90M	-$12.82M	-$11.76M	-$14.53M
Free Cash Flow	$15.31M	$112.92M	$173.52M	$168.01M
Depreciation & Amortisation	$27.25M	$27.25M	$27.12M	$27.85M
Stock-Based Compensation	$35.64M	$36.96M	$36.02M	$22.98M
Investing Cash Flow	$46.63M	-$75.59M	$26.44M	-$127.08M
Financing Cash Flow	-$6.21M	-$6.24M	-$22.89M	-$107.41M
Dividends Paid	$0.00	$0.00	$0.00	$0.00
Share Repurchases	$0.00	$0.00	-$21.72M	-$3.13B
Net Change in Cash	$72.63M	$43.91M	$188.84M	-$51.95M

MMYT Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$245.46M	$268.85M	$229.34M	$295.69M	$250.12M
Cost of Revenue	$62.11M	$74.89M	$51.51M	$87.86M	$59.59M
Gross Profit	$183.35M	$193.96M	$177.83M	$207.82M	$190.53M
Selling, General & Admin	$147.57M	$84.14M	$78.37M	$92.48M	$150.85M
Operating Expenses	$150.72M	$153.60M	$143.39M	$166.94M	$150.39M
Operating Income	$32.63M	$40.36M	$34.44M	$40.89M	$40.14M
EBITDA	$30.19M	$54.32M	$48.63M	$54.67M	$40.70M
Pretax Income	$30.96M	$36.38M	-$1.45M	$13.15M	$30.28M
Income Tax	$1.74M	$10.57M	$4.29M	$5.87M	$5.96M
Net Income	$29.20M	$25.92M	-$5.62M	$7.25M	$24.25M
Diluted EPS	0.25	0.22	-0.06	0.07	0.02
Diluted Shares	115.10M	117.29M	97.98M	99.32M	104.53M

MMYT Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$508.90M	$486.60M	$521.71M	$433.89M	$424.83M
Receivables	$150.79M	$152.72M	$159.00M	$169.95M	$163.09M
Inventory	$363.00K	$364.00K	$643.00K	$687.00K	$612.00K
Current Assets	$1.07B	$4.13B	$1.13B	$1.15B	$1.05B
Total Assets	$1.83B	$4.88B	$1.86B	$1.86B	$1.75B
Current Liabilities	$576.61M	$3.60B	$592.55M	$617.92M	$343.20M
Long-Term Debt	$3.12M	$1.13B	$1.16B	$1.18B	$1.39B
Total Debt	$236.57M	$1.36B	$1.39B	$1.41B	$1.41B
Total Liabilities	$620.31M	$4.82B	$1.83B	$1.87B	$1.81B
Retained Earnings	-$929.87M	-$903.93M	-$2.83B	-$2.82B	-$2.79B
Shareholders' Equity	$1.20B	$56.50M	$25.51M	-$11.62M	-$67.77M
Working Capital	$488.65M	$524.74M	$542.04M	$528.15M	$703.28M
Net Debt	—	$873.46M	$865.59M	$977.23M	$969.81M

MMYT Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$87.84M	$41.84M	$48.67M	$45.58M	$46.44M
Free Cash Flow	$76.08M	$41.84M	$48.67M	$45.58M	$31.91M
Investing Cash Flow	$53.66M	-$60.69M	$3.64M	-$82.71M	$12.68M
Financing Cash Flow	-$23.83M	-$2.25M	-$1.68M	-$50.43M	-$53.04M
Net Change in Cash	$117.67M	-$21.10M	$50.63M	-$87.56M	$6.08M

Market Snapshot

About

MakeMyTrip is the leading online travel company in India, offering flight tickets, hotels, holiday packages, bus tickets, and rail tickets. The platform serves millions of travelers across India, the United States, and Southeast Asia.