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StockVS

NASDAQ · Travel Services · USD

MakeMyTrip Limited (MMYT) Stock Analysis

MakeMyTrip Limited (MMYT) is a Travel Services stock listed on NASDAQ and quoted in US Dollar.

MMYT

$55.62

−$1.51 (−2.64%)

Sep 4, 2026 · Market close

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Price History

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MMYT Key Statistics

As of Sep 4, 2026
Trading
Open
$56.93
Previous Close
$57.13
Day's Range
54.85–56.94
52-Week Range
32.67–103.24
Volume
452.30K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.00
Valuation
Market Cap
$5.23B
P/E Ratio
252.82
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
22.41
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
5.39
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.93
EPS (ttm)Profit attributable to each share over the last twelve months.
0.22
Financials (FY)
Revenue (FY)
$1.04B+6.71%
Net Income (FY)
$51.80M−45.53%
Profit marginThe share of revenue left as profit after all costs and taxes.
3.23%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
88.76M
1-Year Return
−44.43%
Dividend and dates
Earnings Date
October 27, 2026
Avg Volume
897.79K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

MMYT Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−32.27%
2025−26.86%
2024+139.00%
2023+70.40%
2022−0.51%
2021−6.16%
2020+28.95%
2019−5.88%
2018−18.49%
2017+34.46%
2016 (partial year)+17.83%

As of September 4, 2026.

MMYT Revenue and Earnings by Fiscal Year

FY ends March
Fiscal yearRevenueNet incomeNet margin
2025$1.04B$51.80M5.0%
2024$978.34M$95.10M9.7%
2023$782.52M$216.80M27.7%
2022$593.04M−$11.32M−1.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$1.04B$770.14M$155.82M$51.80M5.0%
2024$978.34M$703.99M$121.24M$95.10M9.7%
2023$782.52M$567.44M$75.98M$216.80M27.7%
2022$593.04M$415.47M$21.46M−$11.32M−1.9%

Annual figures as reported, in the company's reporting currency. As of March 31, 2026.

MMYT Valuation vs Travel Services Median

Median of 20 stocks
MetricMMYTTravel Services medianvs median
P/E252.8218.7313.5x the median
P/S ratio4.931.90160% above
Profit margin3.23%6.77%3.5 pts below

Medians across 20 Travel Services stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

MakeMyTrip Limited (MMYT) carries a market capitalisation of $5.23B. The company sits in the Consumer Cyclical sector, in the Travel Services industry. Headcount on file is 5,507.

MMYT last closed at $55.62 on September 4, 2026. That is −$1.51 (−2.64%) against the previous close. The 52-week range on file runs from $32.67 to $103.24. The latest close sits 70.25% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $1.04B. Against the prior fiscal year total of $978.34M, that is a change of +6.71%. The same year closed with net income of $51.80M. That is −45.53% against the prior fiscal year. Profit margin runs at 3.23%. That is 3.5 percentage points below the Travel Services median of 6.77%. Earnings per share on a trailing basis come to 0.22.

Across the 4 fiscal years on file, revenue moves from $593.04M in 2022 to $1.04B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 252.82 times earnings. That is 13.5 times the Travel Services median of 18.73. The forward P/E on file is 22.41. The PEG ratio, which sets the P/E against expected earnings growth, reads 5.39. The price-to-sales ratio is 4.93. On price-to-sales that is 160.19% above the Travel Services median of 1.9. The medians here are taken across 20 Travel Services companies that report the metric.

The trailing one-year price return is −44.43%. Across 10 years the annualized return works out at +10.99%. Beta against the wider market is reported at 1. Daily returns over the trailing 10 years annualize to a volatility of 53.83%.

Growth & Income

No dividend is on file for MMYT.

The strongest complete calendar year on file is 2024 at +139.00%; the weakest is 2025 at −26.86%. Of the 9 complete calendar years on file, 4 finished higher. 2026 is still running; the price is −32.27% year to date.

Peer Comparison

MakeMyTrip Limited (MMYT) operates in the Travel Services industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
MakeMyTrip Limited MMYT $5.23B 252.8
Booking Holdings Inc. BKNG $145.23B 21.7
Airbnb, Inc. ABNB $108.94B 41.6
Royal Caribbean Cruises Ltd. RCL $70.93B 16.4

The Travel Services industry average P/E ratio is 18.7x. MakeMyTrip Limited trades at a P/E of 252.8.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About MakeMyTrip Limited

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, Saudi Arabia, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air tickets, hotels and alternative accommodations, holiday packages, bus tickets, rail tickets, car hire, tours and attractions, travel assurance products and add-on products for bookings; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products; and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands, as well as foreign exchange, prepaid forex cards, cross-border remittances and related financial services. 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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