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MakeMyTrip Limited (MMYT) Stock Verdict & Ratings | Investment Bastion

Stock Verdict·Updated 1d ago

MakeMyTrip Limited

MMYTMarket cap $4.08BPrice $43.4

Country🇮🇳India

SectorConsumer

IndustryHotels & Leisure

Runs India's dominant online travel platform, booking flights, hotels, and holiday packages for millions of Indians. It controls roughly half the country's online travel market, riding the wave of a billion-plus population that's just starting to travel more.

In Bastion Portfolios?

52W Return-51%Global Market +16%?

01Key Ratings

How does this stock score across Bastion factors?

Growth

Historical Revenue

Rev CAGR (3y)+21%9

Revenue Forecast

Rev CAGR (1y)+13%7

Rev CAGR (3y)+18%9

Rev CAGR (5y)+14%9

Earnings Forecast

EPS Growth Y+1+356%10

EPS Growth Y+2+19%8

EPS Growth Y+3+25%8

Quality

Margins

EBIT Margin15%6

Net Income Margin3%3

Free Cash Flow Margin15%7

Debt

Net Debt/EBITDA3.72

Efficiency

ROE121%10

ROA1%3

Earnings Stability55

GEAR+AVERAGE44

Overall rating across all five factors

Value

Price Multiples

P/E Ratio (Forward)194

P/E Ratio (Forward 3y)136

P/BVna–

EV Multiples

EV/EBITDA Fwd232

EV/EBIT Fwd263

Yield

Free Cash Flow Yield4.0%6

Dividend Yieldna–

Momentum

Short term

1 month return-22%1

3 month return-26%1

YTD return-47%1

Mid term

Price vs 52wHigh45%1

1 year return-54%1

Long term

3 year return+8%3

5 year return+47%6

Risk Shield

Price Risk

Beta1.81

Volatility55%3

Free Cash Flow

Free Cash Flow Margin15%7

Free Cash Flow Yield4.0%6

Quality

ROCE12%6

Earnings Stability55

Net Debt/EBITDA3.72

02Growth

Is it actually growing, and how fast?

MMYTMakeMyTrip

Revenue FY26$1.0B

GROWTH RATING↗

VERY STRONG89 / 100

REVENUE GROWTH▾SCORE

Revenue, last 3Y, CAGR+21%9

Revenue, next 1Y+13%7

Revenue, next 3Y, CAGR+18%9

Revenue, next 5Y, CAGR+14%9

EARNINGS FORECAST▾SCORE

EPS growth, FY27E+356%10

EPS growth, FY28E+19%8

EPS growth, FY29E+25%8

GROWTH ASSESSMENT

STRENGTHS

It out-grows 89% of companies worldwide.

Revenue grew 21%/yr over the last 3 years, ahead of 80% of companies worldwide.9/10

Revenue is set to grow 18%/yr over the next 3 years, ahead of most of the market.8/10

The runway holds up: revenue is set to grow 14%/yr over five years.9/10

Earnings are set to grow faster than sales (EPS about 25%/yr vs revenue 18%/yr), so margins should widen.

WATCH

Revenue grew 21%/yr over the last 3 years; forecasts see it cooling to 18%/yr.

WEAKNESSES

None flagged.

BOTTOM LINE

Elite Compounder

A top-tier grower that is slowing. The one thing to watch: the pace is cooling.

03Price Momentum

Is the market behind it right now?

MMYTMakeMyTrip

Total return Current25.4%

Price return Current25.4%

MOMENTUM RATING↗

VERY WEAK5 / 100

SHORT-TERM RETURNS▾SCORE

1-month return-22%1

3-month return-26%1

YTD return-47%1

MID & LONG-TERM▾SCORE

% of 52-week high45%1

1-year return-54%1

3-year return+8%3

5-year return+47%6

MOMENTUM ASSESSMENT

STRENGTHS

None flagged.

WATCH

Average long-term results. Multi-year returns are middling (+7.8% over three years and +47% over five), roughly average for the market.

WEAKNESSES

It's down 54% over the past year, now 55% below its 52-week high. That is lagging the market.

The stock is underperforming over the past month (-22%), over three months (-26%) and so far this year (-47%).

BOTTOM LINE

Falling Knife

Returns rank poorly over both the short and long run, and the price is still falling. Momentum is firmly negative — catching this is a bet against the tape, not with it. Wait for a base to form. The one thing to watch: the one-year trend is weak.

04Value

Are you paying a fair price for it?

Stop guessing on MakeMyTrip Limited. Get the full investment case.

Premium

$20.75/month

Billed annually at $249/year $348

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02Growth

Is it actually growing, and how fast?

MMYTMakeMyTrip

Revenue FY26$1.0B

GROWTH RATING↗

VERY STRONG89 / 100

REVENUE GROWTH▾SCORE

Revenue, last 3Y, CAGR+21%9

Revenue, next 1Y+13%7

Revenue, next 3Y, CAGR+18%9

Revenue, next 5Y, CAGR+14%9

EARNINGS FORECAST▾SCORE

EPS growth, FY27E+356%10

EPS growth, FY28E+19%8

EPS growth, FY29E+25%8

GROWTH ASSESSMENT

STRENGTHS

It out-grows 89% of companies worldwide.

Revenue grew 21%/yr over the last 3 years, ahead of 80% of companies worldwide.9/10

Revenue is set to grow 18%/yr over the next 3 years, ahead of most of the market.8/10

The runway holds up: revenue is set to grow 14%/yr over five years.9/10

Earnings are set to grow faster than sales (EPS about 25%/yr vs revenue 18%/yr), so margins should widen.

WATCH

Revenue grew 21%/yr over the last 3 years; forecasts see it cooling to 18%/yr.

WEAKNESSES

None flagged.

BOTTOM LINE

Elite Compounder

A top-tier grower that is slowing. The one thing to watch: the pace is cooling.

03Price Momentum

Is the market behind it right now?

MMYTMakeMyTrip

Total return Current25.4%

Price return Current25.4%

MOMENTUM RATING↗

VERY WEAK5 / 100

SHORT-TERM RETURNS▾SCORE

1-month return-22%1

3-month return-26%1

YTD return-47%1

MID & LONG-TERM▾SCORE

% of 52-week high45%1

1-year return-54%1

3-year return+8%3

5-year return+47%6

MOMENTUM ASSESSMENT

STRENGTHS

None flagged.

WATCH

Average long-term results. Multi-year returns are middling (+7.8% over three years and +47% over five), roughly average for the market.

WEAKNESSES

It's down 54% over the past year, now 55% below its 52-week high. That is lagging the market.

The stock is underperforming over the past month (-22%), over three months (-26%) and so far this year (-47%).

BOTTOM LINE

Falling Knife

04Value

Are you paying a fair price for it?

Stop guessing on MakeMyTrip Limited. Get the full investment case.

Premium

$20.75/month

Billed annually at $249/year $348

✓
Stock VerdictValuation and investment strategy for 4,000+ stocks. Days of hedge fund analyst research, done in 2 minutes.
✓
RadarFind your next investment idea: top-ranked stocks across all 9 Bastion strategies.
✓
Portfolio ManagerCheck if Bastion algorithms added the stock you care about to their portfolios.

Secure via Stripe

Trusted by 1,000+ investors in our community