MakeMyTrip stock
MMYTNASDAQMakeMyTrip Limited, Consumer CyclicalISIN MU0295S00016
53Score 53 out of 100, Neutral
Price and trend
60 / 100
Price history
−34% in one yearThe chart shows daily closes over 16 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 2.2% above it.
Since October 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Overheated: the price has risen very quickly lately (RSI 78).
The price is 41% below its 52-week high. Largest decline in 16 years: 73% (June 2018 to March 2020).
Chart figures for advanced users
- SMA 50$47.17
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$49.92
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)78
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$36.30
- The lowest closing price of the last twelve months.
- Resistance$86.39
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- MakeMyTrip Limited belongs to the Travel Services industry (India) and, with a market value of $4.8B, is number 10 of 20 companies in its industry on MEQIRI.
- In fiscal 2026 it reported revenue of $1.04B (up 6.7% year on year) and earnings of $51.8M (down 45.5%).
- For fiscal 2027, analysts expect on average revenue of $1.18B (up 13.2%) and adjusted earnings per share of $0.36 (down 27.9%).
Show more
- MEQIRI Score 53 out of 100 (Neutral): rank 421 of 596 in Consumer Cyclical, median 61.
- Our model puts fair value at $19.66, with the price 159% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Analysts expect strong earnings growthUp 42.8% a year through 2029 (estimates from 4 analysts).Growth 61
- Earnings turn into cashFree cash flow 133% of earnings over the last 12 months.Fundamentals 57
Weaknesses
- Above fair valuePrice 159% above the fair value of $19.66.Valuation 18
- Margin may fall backOperating margin 14.7%, average of the prior years 4%, which ranged from −41.4% to 12.3%. After peaks like this, the margin was more than a quarter lower two years later in 44 of 100 cases, against 24 of 100 for other companies with high margins.Profitability 64
- Interest barely coveredOperating profit covers interest only 1.7 times.Stability 46
The score is held back by capital allocation and valuation.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 54 to 53.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- price far below its 52-week high
Valuation
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $14.04 and expensive above $32.77 (uncertainty high, based on the price swings of the past year).
Calculated with a cost of equity of 13.6%. At 14.6% the fair value would be $17.68, at 12.6% it would be $22.10.
Valuation metrics
From the cash-flow model alone; the profit includes one-off items, so there is no industry value.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 4.9% on the twelve months before. Revenue has grown strongly since 2008, at around 20% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2026: gross 56%, operating 15%, net 5%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 20 Jan 2027in 68 days
- Last reported
- 26 Oct 2026EPS reported $0.47 (expected $0.04)above expectations
Analyst estimates
Analysts have cut their 2027 earnings estimate by 26.5% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $0.36−26.5%
- Revenue
- $1.18B−1.4%
- Earnings per share
- $0.90−10.1%
- Revenue
- $1.37B−2.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −1.7%MakeMyTrip does not give a concretely raised or lowered revenue, profit or margin forecast, but only expects margin expansion to gradually resume as fares and volumes normalize.
“We expect this gap between revenue and processing cost to narrow as fares and volume normalize, supporting a resumption of margin expansion.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 26 Oct 2026 (fiscal Q2 2027), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $1.41M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at MakeMyTrip
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
596 rated companies in Consumer Cyclical
- This company
- 53
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Travel Services
The next larger and next smaller companies by market value
- Expedia GroupEXPE $29.89B73
- Trip.com GroupTCOM $28.07B59
- Hanjin Kal180640.KS $10.16B43
- Norwegian Cruise Line HoldingsNCLH $8.29B53
- Travel + LeisureTNL $4.71B70
- TUITUI1.DE $4.27B59
- Lindblad Expeditions HoldingsLIND $2.24B51
- HBX Group International PlcHBX.MC $2.19B71
ETFs that hold MakeMyTrip
Held by 6 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| EMQQ Emerging Markets Internet UCITS ETF AccEMQQ | 0.62% | 0.86% | €87.18M |
| iShares Ageing Population UCITS ETF2B77 | 0.33% | 0.40% | €813.42M |
| JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETFJREM | 0.02% | 0.30% | €2.46B |
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| Amundi Prime All Country World UCITS ETF AccWEBN | 0.00% | 0.07% | €8.95B |
| Vanguard ESG Global All Cap UCITS ETF (USD) AccumulatingV3AA | 0.00% | 0.24% | €1.69B |
| Vanguard FTSE Global All-Cap UCITS ETF Accum USDVGLA | 0.00% | 0.07% | €3.9B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 3 Nov 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.