# MakeMyTrip Limited share price today (MakeMyTrip Limited, MMYT)

> MakeMyTrip Limited's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. MMYT · Consumer Discretionary · Travel Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/mmyt

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## Key numbers

- Business trend: Getting worse, from fewer quarters than usual
- Price: $45.50 (−43.1% in a year)
- P/E: 165.8×, over 3.3 years
- Revenue (Jun 2026): $286 M (+6.2% on a year ago)
- Profit (Jun 2026): $8.3 M (−67.8% on a year ago)
- Operating margin: 15.3% (+0.3 points on a year ago)
- ROE: −89%, FY26
- ROIC: 7.3%, against a 8.5% cost of capital: −1.2 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the MakeMyTrip Limited share price today? MakeMyTrip Limited's share price was $45.50 at the close on 3 November 2026. It has been falling for 10 weeks. That is 9.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between $36 and $86, and at that close it sat 18% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 7 weeks running. Over the last 10 years the share price moved +191% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 18 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does MakeMyTrip Limited pay? MakeMyTrip Limited pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is MakeMyTrip Limited on? MakeMyTrip Limited is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is MakeMyTrip Limited profitable? MakeMyTrip Limited earned $8.3 M of net profit in the Jun 2026 quarter, −67.8% on the same quarter a year earlier. Full-year FY26 profit was $51.8 M. That is 2.9% of the quarter's revenue. The same quarter a year earlier earned $25.9 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was $51.8 M (−45.5% on the year before). Why profit moved: revenue changed +6.2% on a year earlier and the margin moved +0.3 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −72.4% and revenue +6.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does MakeMyTrip Limited make, and is it growing? MakeMyTrip Limited reported $286 M of revenue in the Jun 2026 quarter, +6.2% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 36.1% a year on average. The last full year, FY26, came in at $1.0 B. The last four reported quarters add to $1.1 B. FY26 revenue was $1.0 B, +6.7% on the year before. Recent pace: the last four quarters grew +6.8% on average, against 36.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +6.9%, against +12.4% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −65.8%, against −60.5% a year (rolling over). ## How much of every $100 of sales does MakeMyTrip Limited keep? MakeMyTrip Limited's operating margin was 15.3% in the Jun 2026 quarter, 0.3 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −9.3% and 15.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +0.3 percentage points on the year while gross margin changed +0.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is MakeMyTrip Limited's profit turning into cash? Over the last 3 years, 136% of MakeMyTrip Limited's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $183 M of operating cash against $51.8 M of profit. After $4.5 M of spending on assets, $178 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does MakeMyTrip Limited's cash go? MakeMyTrip Limited does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $14.9 M on assets over the last 3 years. Averaged over those years that is 0.5% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $14.9 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is MakeMyTrip Limited's P/E ratio, and how does it compare with its own history? MakeMyTrip Limited's P/E is 165.8×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −56.7% while the price moved −43.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +4.7% a year; about −3.8% a year came from earnings growth and about +8.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the MakeMyTrip Limited business getting better or worse? MakeMyTrip Limited's business is getting worse. Profit and EPS growth are shrinking: profit growth is −65.8% in the latest quarter, against +1172.8% at its best in 12 quarters. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does MakeMyTrip Limited earn on its capital? MakeMyTrip Limited earned a ROE of −89% in FY26. Its return on capital used (ROIC) is 1.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 5.0% net margin and 0.59× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 5.0% net margin × 0.59× asset turnover × −30.02× leverage (assets divided by equity) ≈ −88.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 7.3% − 8.5% = −1.2 percentage points. The 8.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 7.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 9.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does MakeMyTrip Limited have too much debt? MakeMyTrip Limited's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from 0.24 in FY22 to −24.06 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the MakeMyTrip Limited shareholding pattern? We have no ownership or short-position figures for MakeMyTrip Limited, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 7.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is MakeMyTrip Limited from balance-sheet trouble? For MakeMyTrip Limited, the Z-score is 1.05. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.05 is inside the danger zone, so the balance sheet is a real risk. ## How does MakeMyTrip Limited rank in its industry? 37.2 out of 100, rank 10 of 14 in Travel Services, with 71% of the evidence available. MakeMyTrip Limited scores 37.2 out of 100 against the 14 companies it is compared with in Travel Services, ranking 10. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 14.3 + 10.7 + 8.7 + 3.5 = 37.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is MakeMyTrip Limited compared with? MakeMyTrip Limited ranks 10 of 14 Travel Services companies on the 4-Factor Sector Score, with 37.2 out of 100. 1. [Booking Holdings Inc.](https://www.sectoralpha.in/us/stocks/bkng) BKNG · quiet · Most evidence points up · 81% evidence 66.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 12.8% · Profit 49.8% · Operating margin change 0.7 points · 83% evidence Capital efficiency 21.9/25 · ROCE 114.3% · Operating margin 34.4% · 76% evidence Valuation 15.5/20 · P/E 19.2× · PEG 0.34 · 65% evidence Relative strength 2.4/20 · Lead over its industry -21.1% · Lead over S&P 500 -18.7% · 1 year -21.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26.6 + 21.9 + 15.5 + 2.4 = 66.4 · What this means: Earnings are strong; relative strength in its sector is -21.1% and the one-year return is -21.2%. 2. [Expedia Group, Inc.](https://www.sectoralpha.in/us/stocks/expe) EXPE · quiet · Evidence leans up · 81% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.0/35 · Revenue 12% · Profit 82.9% · Operating margin change 5 points · 83% evidence Capital efficiency 18.5/25 · ROCE 31.4% · Operating margin 19% · 76% evidence Valuation 6.3/20 · P/E 15.1× · PEG 2.99 · 65% evidence Relative strength 10.3/20 · Lead over its industry 0.9% · Lead over S&P 500 4.1% · 1 year 10.7% · 100% evidence · 6 of 12 weeks ahead Exact sum: 28 + 18.5 + 6.3 + 10.3 = 63.1 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 3. [Royal Caribbean Cruises Ltd.](https://www.sectoralpha.in/us/stocks/rcl) RCL · turning · Evidence leans up · 81% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 8.7% · Profit 22.1% · Operating margin change -2.3 points · 83% evidence Capital efficiency 16.2/25 · ROCE 15.5% · Operating margin 27.1% · 76% evidence Valuation 12.4/20 · P/E 19.4× · PEG 0.91 · 65% evidence Relative strength 15.6/20 · Lead over its industry 1.3% · Lead over S&P 500 4.6% · 1 year 22.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.1 + 16.2 + 12.4 + 15.6 = 60.3 · What this means: Relative strength against the index is 4.6%, and revenue and profit growth are weak. 4. [Pursuit Attractions and Hospitality, Inc.](https://www.sectoralpha.in/us/stocks/prsu) PRSU · turning · Evidence leans up · 81% evidence 59.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Revenue 26.1% · Profit -85.3% · Operating margin change 0.7 points · 83% evidence Capital efficiency 8.2/25 · ROCE 8.8% · Operating margin 16.6% · 76% evidence Valuation 12.5/20 · P/E 39.8× · PEG 0.77 · 65% evidence Relative strength 19.2/20 · Lead over its industry 20% · Lead over S&P 500 24.2% · 1 year 70.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 19.8 + 8.2 + 12.5 + 19.2 = 59.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Lindblad Expeditions Holdings, Inc.](https://www.sectoralpha.in/us/stocks/lind) LIND · losing its lead · Evidence leans up · 64% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.3/35 · Revenue 18.1% · Profit n/a · Operating margin change 3.4 points · 62% evidence Capital efficiency 8.6/25 · ROCE 12.7% · Operating margin 6% · 76% evidence Valuation 11.5/20 · P/E -39.5× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 35% · Lead over S&P 500 39.7% · 1 year 170.1% · 100% evidence · 9 of 12 weeks ahead Exact sum: 23.3 + 8.6 + 11.5 + 14 = 57.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Travel + Leisure Co.](https://www.sectoralpha.in/us/stocks/tnl) TNL · turning · Evidence leans up · 81% evidence 55.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Revenue 4.5% · Profit -40% · Operating margin change -0.5 points · 83% evidence Capital efficiency 15.9/25 · ROCE 15.3% · Operating margin 19.8% · 76% evidence Valuation 13.9/20 · P/E 20× · PEG 0.7 · 65% evidence Relative strength 11.4/20 · Lead over its industry -1.3% · Lead over S&P 500 1.9% · 1 year 19% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14.7 + 15.9 + 13.9 + 11.4 = 55.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Airbnb, Inc.](https://www.sectoralpha.in/us/stocks/abnb) ABNB · losing its lead · Evidence leans up · 81% evidence 54.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 13.6% · Profit 2.5% · Operating margin change 1.2 points · 83% evidence Capital efficiency 19.4/25 · ROCE 25.7% · Operating margin 21% · 76% evidence Valuation 4.7/20 · P/E 31.6× · PEG 4.83 · 65% evidence Relative strength 13.8/20 · Lead over its industry 7.3% · Lead over S&P 500 11% · 1 year 38.1% · 100% evidence · 10 of 12 weeks ahead Exact sum: 16.1 + 19.4 + 4.7 + 13.8 = 54 · What this means: Relative strength against the index is 11%, and revenue and profit growth are weak. 8. [Viking Holdings Ltd](https://www.sectoralpha.in/us/stocks/vik) VIK · quiet · Evidence leans up · 71% evidence 53.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Revenue 20% · Profit 67.5% · Operating margin change 0.4 points · 83% evidence Capital efficiency 17.6/25 · ROCE 21.1% · Operating margin 29.4% · 76% evidence Valuation 9.5/20 · P/E 34.7× · PEG n/a · 15% evidence Relative strength 5.3/20 · Lead over its industry -2.9% · Lead over S&P 500 0.3% · 1 year 47% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21.5 + 17.6 + 9.5 + 5.3 = 53.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Carnival Corporation Ltd.](https://www.sectoralpha.in/us/stocks/ccl) CCL · turning · Evidence leans up · 85% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 5.2% · Profit 18.7% · Operating margin change -1.5 points · 95% evidence Capital efficiency 11.1/25 · ROCE 11.2% · Operating margin 26.4% · 76% evidence Valuation 15.7/20 · P/E 10.4× · PEG 0.54 · 65% evidence Relative strength 11.9/20 · Lead over its industry -1.9% · Lead over S&P 500 1.3% · 1 year 9.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.4 + 11.1 + 15.7 + 11.9 = 53.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. MakeMyTrip Limited this page MMYT · basing · Evidence leans down · 71% evidence 37.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.3/35 · Revenue 7% · Profit -67% · Operating margin change 0.3 points · 83% evidence Capital efficiency 10.7/25 · ROCE 11.1% · Operating margin 15.3% · 76% evidence Valuation 8.7/20 · P/E 147.7× · PEG n/a · 15% evidence Relative strength 3.5/20 · Lead over its industry -24.3% · Lead over S&P 500 -22.3% · 1 year -41.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 14.3 + 10.7 + 8.7 + 3.5 = 37.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Norwegian Cruise Line Holdings Ltd.](https://www.sectoralpha.in/us/stocks/nclh) NCLH · basing · Evidence leans down · 81% evidence 36.0 out of 100 Growth Capital Valuation Relative
12. [Tripadvisor, Inc.](https://www.sectoralpha.in/us/stocks/trip) TRIP · basing · Most evidence points down · 71% evidence 24.0 out of 100 Growth Capital Valuation Relative
13. [Global Business Travel Group, Inc.](https://www.sectoralpha.in/us/stocks/gbtg) GBTG · Too little evidence to rank firmly · 44% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. NusaTrip Incorporated NUTR · Too little evidence to rank firmly · 24% evidence 35.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Travel Services](https://www.sectoralpha.in/us/sectors/travel-services), all 14 compared on one page. ## Which companies are close to MakeMyTrip Limited in size? MakeMyTrip Limited is the 11th largest of 14 Travel Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Norwegian Cruise Line Holdings, Global Business Travel Group, Inc. and Travel + Leisure Co. Just below it: Lindblad Expeditions Holdings, Inc., Pursuit Attractions and Hospitality, Inc. and Tripadvisor, Inc. ### Travel Services companies close in size

1. [Norwegian Cruise Line Holdings Ltd.](https://www.sectoralpha.in/us/stocks/nclh) $8 billion
2. [Global Business Travel Group, Inc.](https://www.sectoralpha.in/us/stocks/gbtg) $5 billion
3. [Travel + Leisure Co.](https://www.sectoralpha.in/us/stocks/tnl) $4.5 billion
4. MakeMyTrip Limited $4.3 billion
5. [Lindblad Expeditions Holdings, Inc.](https://www.sectoralpha.in/us/stocks/lind) $2.1 billion
6. [Pursuit Attractions and Hospitality, Inc.](https://www.sectoralpha.in/us/stocks/prsu) $1.5 billion
7. [Tripadvisor, Inc.](https://www.sectoralpha.in/us/stocks/trip) $1.1 billion

[All 14 Travel Services companies, largest first](https://www.sectoralpha.in/us/sectors/travel-services#all-companies)

### Companies close in size in other industries

1. [Integer Holdings Corporation](https://www.sectoralpha.in/us/stocks/itgr) $4.3 billion · Medical Devices
2. [Delek US Holdings, Inc.](https://www.sectoralpha.in/us/stocks/dk) $4.3 billion · Oil & Gas Refining & Marketing
3. MakeMyTrip Limited $4.3 billion
4. [Kilroy Realty Corporation](https://www.sectoralpha.in/us/stocks/krc) $4.3 billion · REIT - Office
5. [PVH Corp.](https://www.sectoralpha.in/us/stocks/pvh) $4.3 billion · Apparel Manufacturing

## What else do people ask about MakeMyTrip Limited? ### What were MakeMyTrip Limited Limited's latest quarterly results? MakeMyTrip Limited reported revenue of $286 M and net profit of $8.3 M for the Jun 2026 quarter. Revenue rose 6.2% and profit fell 67.8% compared with a year earlier. Earnings per share were $0.09. The operating margin was 15.3%, 0.3 percentage points higher than a year earlier (as of 3 November 2026). ### What is MakeMyTrip Limited Limited's market cap? MakeMyTrip Limited's market capitalisation is $4.3 B at a stock price of $45.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is MakeMyTrip Limited Limited performing? MakeMyTrip Limited's share price has been falling for 10 weeks. In its latest quarter, revenue rose 6.2% and profit fell 67.8% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 7 weeks running (as of 3 November 2026). ### Will MakeMyTrip Limited Limited's stock price go up? This page does not forecast MakeMyTrip Limited's stock price. What it shows instead: the stock price is $45.50, and it has been falling for 10 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is MakeMyTrip Limited Limited in its business cycle? MakeMyTrip Limited's FY26 operating margin was 15.0%, against a 5-year range of −9.3% to 15.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 15.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the MakeMyTrip Limited Limited story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is MakeMyTrip Limited Limited a stock worth studying right now? What the numbers show: MakeMyTrip Limited's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.