MakeMyTrip Limited (MMYT)Consumer Cyclical | Travel Services | Gurugram, India | NasdaqGS
59.02 USD
+0.84
(1.444%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 59.02 |
Hot Take ↕ | Aug. 22, 2026, 2:34 a.m. EDT
The investment case here is a tale of two narratives: a fundamentally resilient business trapped by a massive earnings miss, versus a market that is pricing in a severe correction. The company boasts exceptional operational metrics—ROE near 29%, healthy operating margins, and a massive 443% cumulative gain over the last nine years—proving the core travel platform is a dominant winner. However, the recent earnings collapse (-68% growth) and the resulting astronomical trailing P/E of 263x have shattered the momentum. The stock is currently trading below its 200-day average, reflecting this deterioration. While the long-term fundamentals remain strong enough to warrant a 'solid buy' rating, the short-term outlook is murky. The statistical forecast offers almost no directional guidance, and the options market is screaming caution, with traders buying protection at levels far below the current price. This disconnect suggests the market is waiting for a catalyst to reverse the earnings trend before committing capital. Until the earnings story stabilizes, the stock remains a volatile hold rather than a clear momentum play. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.088589 |
| AutoETS | 0.102565 |
| AutoTheta | 0.102649 |
| AutoARIMA | 0.237583 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 3.42 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.091 |
| Excess Kurtosis | -0.18 |
| Attribute | Value |
|---|---|
| Sector | Consumer Cyclical |
| Revenue per Share | 10.89 |
| Market Cap | 5,551,342,592 |
| Trailing P/E | 245.92 |
| Forward P/E | 23.77 |
| Beta | 1.00 |
| Profit Margins | 3.23% |
| Website | https://www.makemytrip.com |
As of Aug. 22, 2026, 2:34 a.m. EDT: Speculators are positioning defensively with heavy put volume and open interest concentrated at strikes significantly below the current price (45, 50, 55), suggesting a fear of a downside correction. Conversely, call activity shows a distinct 'wall' of open interest at the 80 strike for December expiration, indicating a speculative target for a rebound, while extreme volume at the 150 strike suggests a long-term bullish thesis exists despite the immediate hedging activity.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.39167714 |
| Address1 | Building No. 5 |
| Address2 | 19th Floor DLF Cyber City |
| All Time High | 123.0 |
| All Time Low | 10.0 |
| Ask | 75.11 |
| Ask Size | 2 |
| Average Analyst Rating | 1.0 - Strong Buy |
| Average Daily Volume10 Day | 378,710 |
| Average Daily Volume3 Month | 922,646 |
| Average Volume | 922,646 |
| Average Volume10Days | 378,710 |
| Beta | 0.999 |
| Bid | 41.97 |
| Bid Size | 2 |
| Book Value | -0.716 |
| City | Gurugram |
| Compensation As Of Epoch Date | 1,640,908,800 |
| Country | India |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 59.02 |
| Current Ratio | 3.128 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 59.53 |
| Day Low | 58.08 |
| Display Name | MakeMyTrip |
| Earnings Call Timestamp End | 1,785,756,600 |
| Earnings Call Timestamp Start | 1,785,756,600 |
| Earnings Growth | -0.608 |
| Earnings Quarterly Growth | -0.678 |
| Earnings Timestamp | 1,785,760,200 |
| Earnings Timestamp End | 1,793,104,200 |
| Earnings Timestamp Start | 1,793,104,200 |
| Ebitda | 175,546,000 |
| Ebitda Margins | 0.16549999 |
| Enterprise To Ebitda | 36.385 |
| Enterprise To Revenue | 6.022 |
| Enterprise Value | 6,387,166,208 |
| Eps Current Year | 2.00652 |
| Eps Forward | 2.48248 |
| Eps Trailing Twelve Months | 0.24 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 56.3806 |
| Fifty Day Average Change | 2.6394005 |
| Fifty Day Average Change Percent | 0.046813983 |
| Fifty Two Week Change Percent | -39.167713 |
| Fifty Two Week High | 103.24 |
| Fifty Two Week High Change | -44.219997 |
| Fifty Two Week High Change Percent | -0.42832235 |
| Fifty Two Week Low | 32.67 |
| Fifty Two Week Low Change | 26.350002 |
| Fifty Two Week Low Change Percent | 0.80655044 |
| Fifty Two Week Range | 32.67 - 103.24 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,281,619,800,000 |
| Float Shares | 29,143,752 |
| Forward Eps | 2.48248 |
| Forward P E | 23.774612 |
| Free Cashflow | 41,221,376 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 5,507 |
| Fullday Change | 0.84 |
| Fullday Change Percent | 1.4438 |
| Fullday Price | 59.02 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.58604 |
| Gross Profits | 621,622,976 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.20754999 |
| Held Percent Institutions | 1.05282 |
| Implied Shares Outstanding | 94,058,662 |
| Industry | Travel Services |
| Industry Disp | Travel Services |
| Industry Key | travel-services |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,774,915,200 |
| Long Business Summary | 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. |
| Long Name | MakeMyTrip Limited |
| Market | us_market |
| Market Cap | 5,551,342,592 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_109916200 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 34,230,000 |
| Next Fiscal Year End | 1,806,451,200 |
| Non Diluted Market Cap | 5,472,803,247 |
| Number Of Analyst Opinions | 10 |
| Open | 58.37 |
| Operating Cashflow | 167,403,008 |
| Operating Margins | 0.15303999 |
| Payout Ratio | 0.0 |
| Peg Ratio | 5.39 |
| Phone | 91 12 4439 5000 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 59.02 |
| Post Market Time | 1,787,959,806 |
| Previous Close | 58.18 |
| Price Eps Current Year | 29.41411 |
| Price Hint | 2 |
| Price To Book | -82.43017 |
| Price To Sales Trailing12 Months | 5.233541 |
| Profit Margins | 0.03227 |
| Quick Ratio | 2.769 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.0 |
| Region | US |
| Regular Market Change | 0.84 |
| Regular Market Change Percent | 1.4438 |
| Regular Market Day High | 59.53 |
| Regular Market Day Low | 58.08 |
| Regular Market Day Range | 58.08 - 59.53 |
| Regular Market Open | 58.37 |
| Regular Market Previous Close | 58.18 |
| Regular Market Price | 59.02 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 298,994 |
| Return On Assets | 0.029930001 |
| Return On Equity | 28.68745 |
| Revenue Growth | 0.062 |
| Revenue Per Share | 10.89 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Consumer Cyclical |
| Sector Disp | Consumer Cyclical |
| Sector Key | consumer-cyclical |
| Shares Outstanding | 88,762,972 |
| Shares Percent Shares Out | 0.0953 |
| Shares Short | 8,963,968 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 8,899,030 |
| Short Name | MakeMyTrip Limited |
| Short Percent Of Float | 0.123500004 |
| Short Ratio | 11.48 |
| Source Interval | 15 |
| Symbol | MMYT |
| Target High Price | 85.0 |
| Target Low Price | 65.0 |
| Target Mean Price | 75.4 |
| Target Median Price | 75.0 |
| Total Cash | 776,182,976 |
| Total Cash Per Share | 8.013 |
| Total Debt | 1,436,125,056 |
| Total Revenue | 1,060,723,968 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.24 |
| Trailing P E | 245.91667 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 57.60745 |
| Two Hundred Day Average Change | 1.4125519 |
| Two Hundred Day Average Change Percent | 0.024520298 |
| Type Disp | Equity |
| Volume | 298,994 |
| Website | https://www.makemytrip.com |
| Zip | 122,002 |