profit from every $100 of sales.
$0$100
MakeMyTrip
$51.60-0.50% today
-32.7% in 1 year
1-year low $36.301-year high $86.39
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $51.03 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What MakeMyTrip sold, what it kept, and what it did with the cash.
Sales went from $304 million in 2022 to $978 million in 2025, with $95.1 million of profit last year.
SalesProfit
MakeMyTrip handed back 13% of the cash it generated last year.
Buybacks $22M
Free cash flow 2025$174M
Bought back its own shares$22M
Paid as dividends$0
Cash vs. debt$509M vs. $237M
MakeMyTrip vs. similar companies
MakeMyTrip grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| MakeMyTrip | 51.0× · Expensive | ||
 Booking Holdings | 21.9× · Fair price | ||
 Airbnb | 44.4× · Expensive | ||
 Royal Caribbean Cruises | 21.3× · Fair price | ||
 Carnival | 15.0× · Cheap |
AI analysis
An AI analyst reads MakeMyTrip's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 304 | 593 | 783 | 978 | |
| 245 | 415 | 567 | 704 | |
| -33 | 21 | 76 | 121 | |
| -2 | 32 | 138 | 160 | |
| -45 | -11 | 217 | 95 | |
| -0.42 | -0.10 | 1.74 | 0.83 | |
| 80.7% | 70.1% | 72.5% | 72.0% | |
| -10.8% | 3.6% | 9.7% | 12.4% | |
| -14.9% | -1.9% | 27.7% | 9.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 1,323 | 1,360 | 1,660 | 1,828 |
| Cash | 213 | 284 | 327 | 509 |
| Total debt | 217 | 235 | 222 | 237 |
| Total liabilities | 426 | 484 | 544 | 620 |
| 894 | 870 | 1,111 | 1,203 | |
| 108 | 110 | 118 | 115 | |
| -2.2% | 0.3% | 6.6% | 7.3% | |
| -5.1% | -1.3% | 19.5% | 7.9% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 6 | 32 | 126 | 185 | |
| 13 | 17 | 13 | 12 | |
| -7 | 15 | 113 | 174 | |
| Dividends paid | 0 | 0 | 0 | 0 |
| – | 0 | 0 | 22 | |
| 37 | 36 | 37 | 36 |
Valuation
- 51.0×
- 51.2×
- –
- -70.4×
- 5.0×
- 28.0×
- 28.6×
- 3.6%
- 2.0%
- 0.0%
Profitability
- 72.0%
- 12.4%
- 9.7%
- 18.1%
- 10.3%
- 6.2%
- 31.2%
- 3.1%
- 11.8%
- –
Growth
- +47.7%
- –
- +53.7%
- –
- +0.0%
Financial health
- 5.0×
- -20.75
- 90.5%
- 1.9×
- 3.05
- 1.85
- 0.56
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 37%of 976
Top 30%of 991
Bottom 13%of 856
Top 3%of 992
Bottom 41%of 979
What analysts expect
- Average price target
- $91.00
- Range
- $42.00 – $119.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Jan 21, 2026 | 0.45 | 0.39 | +15.4% |
| Oct 28, 2025 | 0.37 | 0.19 | +96.2% |
| Jul 22, 2025 | 0.42 | 0.45 | −6.7% |
| May 14, 2025 | 0.42 | 0.20 | +109.1% |
| Jan 23, 2025 | 0.39 | 0.43 | −9.3% |
| Oct 23, 2024 | 0.36 | 0.17 | +116.6% |
| Jul 23, 2024 | 0.39 | 0.20 | +95.0% |
| May 15, 2024 | 0.38 | 0.15 | +157.1% |
News
MakeMyTrip outlines AI-led booking expansion as Myra reaches 90,000 daily conversationsSeeking Alpha · Oct 26, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
34No pass
Benjamin Graham
28No pass
Philip Fisher
47No pass
Peter Lynch
86Pass
Joel Greenblatt
9No pass
Charlie Munger
32No pass
Terry Smith
36No pass
Questions about MakeMyTrip
Is MakeMyTrip a good stock to buy?
A business with weak numbers, but the price is high. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the MakeMyTrip AI analysis
What does MakeMyTrip do?
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. It is in Travel Services, based in Gurugram, India.
Does MakeMyTrip pay a dividend?
No. MakeMyTrip does not pay a dividend at the moment; in 2025 it returned $21.7 million to shareholders by buying back its own shares.
Is MakeMyTrip stock halal?
Yes. MakeMyTrip passes our halal screen: its business is permitted and its debt is 5% of its market value, under the 30% limit. How we check
How has MakeMyTrip stock done over the past year?
Down 32.7% over the past twelve months, to $51.60. It traded between $36.30 and $86.39 and is 40.3% below its high.
Who are MakeMyTrip's competitors?
The largest listed companies in the same industry are Booking Holdings, Airbnb, Royal Caribbean Cruises and Carnival. The peers table on this page compares their profit, growth and price with MakeMyTrip's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.