MakeMyTrip Limited Ordinary Shares (MMYT)

FairStock Score: 23/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach MakeMyTrip as a travel service provider spanning air ticketing, hotels, packages, and bus ticketing across many countries. In the latest reported quarter, the second quarter of 2026 as labeled in the data, revenue was $285.6M and net income was $8.3M, a 2.92% net margin. That is a thin cushion for a business exposed to travel cycles. The provided figures show revenue growth of 6.22% and a profit decline of 67.79%, though the data does not name the period; either way, the profit trend is weak. At the 2026-10-13 close of $44.70, the market value is $4.3B. FairStock calculations put the P/E at 223.50 on $0.20 EPS, EV/EBITDA at 26.58, and FCF yield at 3.6% on $152.9M trailing free cash flow. ROCE is only 2.99%, Altman Z is -0.05, and Piotroski is 6/9. The 2868.74% ROE looks extreme and is likely distorted by a very small equity base, while P/B and D/E are not available. FairStock Score is 23/100, and its Lynch category is none because only 0 years of filed results are available when 3 are needed. A travel platform can have scale advantages, but the figures shown do not confirm a durable moat: margins are tiny, returns on capital are low, and the price is high relative to earnings and EBITDA. I would need a much wider margin of safety to call this a Graham-style bargain.

In plain English: MakeMyTrip sells flights, hotels, holiday packages and bus tickets, mostly in India and several other countries. The business is growing only a little and profit has fallen sharply; the latest quarter had a very thin profit margin. At $44.70, the shares look expensive compared with the company's earnings and cash flow, even after a big drop from the 52-week high.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer