MakeMyTrip Limited (MMYT)Consumer Cyclical | Travel Services | Gurugram, India | NasdaqGS
46.60 USD
-0.18
(-0.395%) ⇩
(Oct. 16, 2026, 4 p.m.
EDT)
After hours: 46.60 |
Hot Take ↕ | Oct. 10, 2026, 10:43 a.m. EDT
The investment case here is fractured by a disconnect between the company's deteriorating operational reality and the market's lingering hope for a turnaround. Fundamentally, the business is struggling: earnings have collapsed by nearly 68%, and the stock has suffered a sharp 10.6% decline year-over-year, marking the first annual drop in nine years. While the forward P/E looks attractive at 18x, this is a classic value trap where the cheap price reflects the severe impairment of the business quality, not a bargain opportunity. The balance sheet is also concerning with negative book value and debt exceeding cash. Short-term, the stock is technically weak, trading well below its 50-day and 200-day averages, indicating persistent selling pressure. The options market confirms this hesitation; while there is speculative buying of far-out calls hoping for a miracle, the heavy put positioning suggests a fear of further downside. With no dividend to provide income and a low-reliability statistical forecast, the risk/reward profile is unfavorable. Investors should wait for concrete evidence of earnings stabilization before committing capital. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.152796 |
| AutoETS | 0.177822 |
| AutoARIMA | 0.177822 |
| MSTL | 0.184679 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 34% |
| H-stat | 91.77 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.082 |
| Excess Kurtosis | -1.47 |
| Attribute | Value |
|---|---|
| Sector | Consumer Cyclical |
| Revenue per Share | 10.89 |
| Market Cap | 4,382,663,680 |
| Trailing P/E | 232.98 |
| Forward P/E | 18.64 |
| Beta | 1.07 |
| Profit Margins | 3.23% |
| Website | https://www.makemytrip.com |
As of Oct. 10, 2026, 10:43 a.m. EDT: Speculators are positioning for significant volatility rather than a clear directional bet. Call volume is heavily skewed toward deep out-of-the-money strikes (125, 150) suggesting a 'lottery ticket' hope for a massive rally, while put volume concentrates in the money (45, 50) acting as a floor. The massive open interest wall at the 80 strike for December expirations indicates a speculative target for upside, but the lack of directional conviction in the near term (low confidence forecast) suggests traders are waiting for a catalyst.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.4863882 |
| Address1 | Building No. 5 |
| Address2 | 19th Floor DLF Cyber City |
| All Time High | 123.0 |
| All Time Low | 10.0 |
| Ask | 59.45 |
| Ask Size | 2 |
| Average Analyst Rating | 1.0 - Strong Buy |
| Average Daily Volume10 Day | 1,418,820 |
| Average Daily Volume3 Month | 846,264 |
| Average Volume | 846,264 |
| Average Volume10Days | 1,418,820 |
| Beta | 1.065 |
| Bid | 33.69 |
| 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 | 46.595 |
| Current Ratio | 3.128 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 47.86 |
| Day Low | 45.88 |
| Display Name | MakeMyTrip |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,793,044,800 |
| Earnings Call Timestamp Start | 1,793,044,800 |
| Earnings Growth | -0.608 |
| Earnings Quarterly Growth | -0.678 |
| Earnings Timestamp | 1,793,017,800 |
| Earnings Timestamp End | 1,793,017,800 |
| Earnings Timestamp Start | 1,793,017,800 |
| Ebitda | 175,546,000 |
| Ebitda Margins | 0.16549999 |
| Enterprise To Ebitda | 29.528 |
| Enterprise To Revenue | 4.887 |
| Enterprise Value | 5,183,579,648 |
| Eps Current Year | 2.07202 |
| Eps Forward | 2.49984 |
| Eps Trailing Twelve Months | 0.2 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 52.1708 |
| Fifty Day Average Change | -5.575798 |
| Fifty Day Average Change Percent | -0.106875844 |
| Fifty Two Week Change Percent | -48.63882 |
| Fifty Two Week High | 92.09 |
| Fifty Two Week High Change | -45.494995 |
| Fifty Two Week High Change Percent | -0.49402755 |
| Fifty Two Week Low | 32.67 |
| Fifty Two Week Low Change | 13.925003 |
| Fifty Two Week Low Change Percent | 0.42623213 |
| Fifty Two Week Range | 32.67 - 92.09 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,281,619,800,000 |
| Float Shares | 29,143,752 |
| Forward Eps | 2.49984 |
| Forward P E | 18.639193 |
| Free Cashflow | 41,221,376 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 5,507 |
| Fullday Change | -0.18499756 |
| Fullday Change Percent | -0.39546293 |
| Fullday Price | 46.595 |
| 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 | 1.05428 |
| 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 | 4,382,663,680 |
| 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 | 4,401,004,794 |
| Number Of Analyst Opinions | 10 |
| Open | 47.51 |
| 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 | 46.595 |
| Post Market Time | 1,792,181,555 |
| Previous Close | 46.78 |
| Price Eps Current Year | 22.487717 |
| Price Hint | 2 |
| Price To Book | -65.07681 |
| Price To Sales Trailing12 Months | 4.1317663 |
| 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 | -0.184998 |
| Regular Market Change Percent | -0.395463 |
| Regular Market Day High | 47.86 |
| Regular Market Day Low | 45.88 |
| Regular Market Day Range | 45.88 - 47.86 |
| Regular Market Open | 47.51 |
| Regular Market Previous Close | 46.78 |
| Regular Market Price | 46.595 |
| Regular Market Time | 1,792,180,801 |
| Regular Market Volume | 1,317,145 |
| Return On Assets | 0.029930001 |
| Return On Equity | 28.68745 |
| Revenue Growth | 0.062 |
| Revenue Per Share | 10.89 |
| Sand P52 Week Change | 0.13723719 |
| Sector | Consumer Cyclical |
| Sector Disp | Consumer Cyclical |
| Sector Key | consumer-cyclical |
| Shares Outstanding | 88,762,972 |
| Shares Percent Shares Out | 0.0875 |
| Shares Short | 8,233,580 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 8,113,745 |
| Short Name | MakeMyTrip Limited |
| Short Percent Of Float | 0.14220001 |
| Short Ratio | 9.82 |
| Source Interval | 15 |
| Symbol | MMYT |
| Target High Price | 85.0 |
| Target Low Price | 60.0 |
| Target Mean Price | 73.4 |
| 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 | 0.2 |
| Trailing P E | 232.975 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 52.55785 |
| Two Hundred Day Average Change | -5.9628487 |
| Two Hundred Day Average Change Percent | -0.11345305 |
| Type Disp | Equity |
| Volume | 1,317,145 |
| Website | https://www.makemytrip.com |
| Zip | 122,002 |