MakeMyTrip Limited
Description
MakeMyTrip Limited , an online travel company, sells travel products and services. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. It offers various services and products, including booking of air and bus tickets; hotels and packages; rail tickets; car hire; and ancillary travel requirements, such as facilitating access to third-party travel, other insurance products, foreign currency exchange services, and visa processing under the MakeMyTrip, Goibibo, and redBus brand names. The company allows travelers to research, plan, book, and purchase travel services and products through its websites comprising makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae; and other technology-enhanced distribution channels, including call centers, travel stores, and travel agents network, as well as mobile service platform. The company serves leisure and corporate travelers. MakeMyTrip Limited was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in March 2010. The company was incorporated in 2000 and is based in Gurugram, India.
About
CEO
Mr. Rajesh Magow
Employees
4,576
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Travel Services
MIC code
XNGS
Address
Building No. 5, Gurugram, 122002, India
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 23, 2025 | 0.32 | 0.35 | 0.03 | 9.37% |
| Oct 23, 2024 | 0.26 | 0.36 | 0.10 | 38.46% |
| Jul 23, 2024 | 0.28 | 0.39 | 0.11 | 39.29% |
| May 15, 2024 | 0.20 | 0.38 | 0.18 | 90.00% |
| Jan 23, 2024 | 0.24 | 0.35 | 0.11 | 45.83% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Mar 2025)
|
Next Year
(Mar 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 1 | 1 | 3 | 3 |
| Average estimate | 0.43 | 0.48 | 1.39 | 1.87 |
| Low estimate | 0.43 | 0.48 | 1.10 | 1.50 |
| High estimate | 0.43 | 0.48 | 1.56 | 2.10 |
| Last year EPS | 0.38 | 0.39 | 1.22 | 1.39 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
13.160%
Next qtr. (Jun 2025)
23.080%
Current year (Mar 2025)
13.660%
Next year (Mar 2026)
34.860%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total reported revenue | 782.52M | 593.04M | 303.92M | 163.44M | 511.53M |
| Cost of revenue | 215.09M | 177.57M | 58.75M | 22.31M | 154.32M |
| Gross profit | 567.44M | 415.47M | 245.17M | 141.13M | 357.21M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 322.66M | 245.11M | 178.09M | 135.62M | 312.63M |
| Other operating expenses | 141.41M | 121.65M | 70.61M | 41.69M | 168.82M |
| Operating income | 76.12M | 21.46M | -32.89M | -69.19M | -157.93M |
| Non operating interest income | |||||
| Income | 24.31M | 10.97M | 9.98M | 7.18M | 3.33M |
| Expense | 17.75M | 16.62M | 15.31M | 3.90M | 2.89M |
| Other income expense | -19.24M | -26.65M | -6.57M | 5.90M | -286.81M |
| Pretax income | 92.94M | -12.14M | -46.67M | -60.55M | -447.55M |
| Tax provision | -123.81M | -976,000 | -1.11M | -4.51M | -29,000 |
| Net income | 216.74M | -11.17M | -45.57M | -56.04M | -447.52M |
| Basic EPS | 1.95 | -0.10 | -0.42 | -0.52 | -4.26 |
| Diluted EPS | 1.74 | -0.10 | -0.42 | -0.52 | -4.26 |
| Basic average shares | 111.09M | 109.66M | 108.47M | 106.80M | 105.19M |
| Diluted average shares | 111.09M | 109.66M | 108.47M | 106.80M | 105.19M |
| EBITDA | 157.22M | 58.38M | 4.60M | -29.35M | -124.23M |
| Net income from continuing op. | 216.74M | -11.17M | -45.57M | -56.04M | -447.52M |
| Minority interests | 58,000 | -153,000 | 162,000 | 403,000 | -264,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total assets | 1.66B | 1.36B | 1.32B | 1.31B | 1.08B |
| Current assets | |||||
| Cash | 207.79M | 206.74M | 186.16M | 231.44M | 118.20M |
| Cash equivalents | 119.27M | 77.28M | 27.12M | 63.62M | 11.68M |
| Cash and cash equivalents | 327.07M | 284.02M | 213.28M | 295.07M | 129.88M |
| Other short term investments | 279.72M | 197.06M | 264.18M | 129.83M | 37.82M |
| Accounts receivable | 91.95M | 68.85M | 35.91M | 25.18M | 53.41M |
| Other receivables | 253,000 | — | — | — | — |
| Inventory | 218,000 | 25,000 | 11,000 | 40,000 | 36,000 |
| Prepaid assets | 150.03M | 119.71M | 77.11M | 50.52M | 52.63M |
| Restricted cash | — | 117,000 | 117,000 | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 3.07M | 2.21M | 760,000 | 551,000 | 800,000 |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 768,000 | 818,000 | 839,000 | 892,000 | 853,000 |
| Machinery furniture equipment | 20.74M | 19.94M | 18.56M | 17.38M | 20.32M |
| Construction in progress | — | 19,000 | — | — | 90,000 |
| Leases | 5.43M | 5.39M | 4.55M | 5.00M | 6.74M |
| Accumulated depreciation | -22.04M | -28.67M | -28.22M | -25.18M | -20.86M |
| Goodwill | 1.17B | 1.19B | 1.29B | 1.34B | 1.33B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 53.50M | 67.47M | 84.51M | 101.03M | 114.74M |
| Investments and advances | 4.35M | 8.96M | 7.60M | 35.81M | 9.25M |
| Other non current assets | 159.08M | 24.55M | 18.78M | 28.97M | 36.82M |
| Total liabilities | 543.66M | 483.77M | 426.27M | 417.82M | 220.92M |
| Current liabilities | |||||
| Accounts payable | 67.05M | 45.75M | 33.52M | 23.81M | 21.02M |
| Accrued expenses | 51.49M | 44.03M | 29.31M | 29.77M | 49.73M |
| Short term debt | 4.81M | 219.51M | 2.78M | 2.34M | 3.97M |
| Deferred revenue | 93.06M | 75.49M | 53.60M | 34.30M | 33.60M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 26.82M | 27.93M | 30.00M | 16.73M | 11.13M |
| Non current liabilities | |||||
| Long term debt | 216.82M | 15.65M | 213.81M | 201.62M | 21.61M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 4.75M | 822,000 | 2.60M | 3.86M | 1.78M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 12.44M | 4.51M | 9.13M | 9.40M | 9.48M |
| Shareholders equity | |||||
| Common stock | 55,000 | 53,000 | 53,000 | 53,000 | 52,000 |
| Retained earnings | -1.02B | -1.23B | -1.21B | -1.20B | -1.15B |
| Other shareholders equity | — | — | — | — | -115.51M |
| Total shareholders equity | 1.12B | 876.06M | 896.48M | 891.19M | 862.29M |
| Additional paid in capital | 2.16B | 2.06B | 2.03B | 2.02B | 1.99B |
| Treasury stock | — | — | — | — | — |
| Minority interest | 5.56M | 6.49M | 2.34M | 3.67M | 4.06M |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||
| Net Income | 216.74M | -11.17M | -45.57M | -56.04M | -447.52M | -167.88M | -220.24M | -110.30M | -88.54M | -18.36M | -20.91M | -27.59M | 7.05M | 4.83M | -6.21M | -7.35M | -18.90M |
| Depreciation | 27.25M | 27.25M | 29.36M | 33.01M | 33.68M | 26.82M | 29.84M | 14.54M | 8.76M | 7.96M | 5.69M | 3.75M | 2.79M | 1.91M | 1.57M | 1.56M | 1.11M |
| Deferred Taxes | -123.81M | -976,000 | -1.11M | -4.51M | -29,000 | -740,000 | 91,000 | 193,000 | 155,000 | 135,000 | 79,000 | 8.60M | -6.08M | -2.69M | 2,838 | 5,172 | 2,147 |
| Stock-Based Compensation | 36.96M | 35.64M | 36.65M | 35.59M | 41.63M | 40.03M | 44.86M | 26.80M | 13.69M | 12.31M | 11.10M | 11.67M | 6.89M | 527,285 | 6.77M | 415,704 | 319,238 |
| Other Non-Cash Items | -27.68M | 35.66M | 15.93M | -9.21M | 18.07M | 4.87M | -1.29M | -26.98M | 17.86M | 3.54M | 4.17M | 659,000 | 2.97M | 1.92M | 191,608 | -3.24M | 2.61M |
| Accounts Receivable | -25.11M | -37.68M | -11.01M | 34.62M | -1.97M | 1.13M | -23.23M | 2.61M | -3.87M | 754,000 | -6.41M | -2.09M | -8.80M | -2.29M | -5.44M | 2.36M | -5.50M |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | 18.30M | — | 10.64M | 3.86M | — |
| Other Assets & Liabilities | -22.34M | -52.93M | -53.70M | 36.44M | 31.94M | 11.46M | -16.01M | 7.15M | -21.70M | -9.34M | -3.33M | -213,000 | -8.79M | -11.56M | -2.41M | -721,626 | 726,733 |
| Operating Cash Flow | 82.01M | -4.20M | -29.46M | 69.89M | -324.20M | -84.32M | -185.98M | -86.00M | -73.66M | -3.00M | -9.62M | -5.21M | 14.34M | -7.35M | 5.12M | -3.11M | -19.63M |
| Investing Activities | |||||||||||||||||
| Capital Expenditures | -5.52M | -7.08M | -2.80M | -219,000 | -3.42M | -3.29M | -3.92M | -8.66M | -5.47M | -2.78M | -1.92M | -2.73M | -5.52M | -1.23M | -642,146 | -594,316 | -3.90M |
| Net Intangibles | -6.92M | -9.41M | -9.81M | -8.13M | -9.22M | -6.25M | -7.84M | -6.23M | -5.41M | -4.16M | -3.48M | -4.09M | -3.47M | -1.57M | -452,544 | -307,617 | -1.38M |
| Net Acquisitions | -6.48M | -1.46M | 336,000 | — | -13.93M | -11.25M | — | 101.72M | -19.06M | -712,000 | -2.22M | -10.29M | -3.47M | — | — | — | — |
| Purchase of Investments | -423.62M | -251.77M | -360.49M | -155.52M | -28.00M | -137.23M | -221.74M | -10.00M | -140.01M | -6.22M | -91.59M | -31.92M | -34.70M | -2.52M | — | -19.29M | -719,857 |
| Sale of Investments | 345.90M | 308.31M | 287.77M | 39.09M | 124.08M | 205.45M | 115.06M | 83.63M | 63.38M | 17.21M | 32.22M | 27.65M | — | — | 3.65M | 7.79M | 810,066 |
| Investing Cash Flow | -90.61M | 47.86M | -75.38M | -116.70M | 78.73M | 70.77M | -110.30M | 166.70M | -101.15M | 7.51M | -63.51M | -17.29M | -72.61M | -3.75M | 3.90M | -23.00M | -3.81M |
| Financing Activities | |||||||||||||||||
| Long-Term Debt Issuance | 2.11M | 2.17M | 1.17M | 230.19M | 702,000 | 336,000 | 281,000 | 138,000 | 180.15M | 216,000 | — | 109,000 | — | 64,605 | 104,935 | — | — |
| Long-Term Debt Payments | -4.11M | -3.16M | -2.25M | -2.55M | -3.80M | -239,000 | -377,000 | -7,000 | -16,000 | -19,000 | -66,000 | -121,000 | -222,143 | -61,162 | -73,453 | -47,651 | -37,570 |
| Other Financing Charges | -7.43M | -5.04M | -6.17M | -5.97M | -3.18M | — | -1.14M | -400,000 | -3.58M | -1.82M | -2.82M | -793,000 | -1.73M | -6.52M | -316,923 | -678,440 | — |
| Financing Cash Flow | -9.43M | -6.03M | -7.25M | 221.67M | -6.27M | 97,000 | 328.77M | 6.43M | 165.46M | -2.04M | 73.59M | -1.33M | 35.18M | 51.63M | -285,441 | 14.27M | 14.96M |
| Other Cash Details | |||||||||||||||||
| End Cash Position | 327.07M | 284.02M | 213.28M | 295.07M | 129.88M | 177.99M | 187.65M | 101.70M | 46.27M | 49.86M | 38.01M | 35.64M | 43.80M | 47.87M | 5.35M | -2.44M | -2.40M |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 112.92M | 15.31M | -6.71M | 55.76M | -125.49M | -88.63M | -137.57M | -123.44M | -77.11M | 3.86M | -9.53M | 6.61M | 1.87M | -9.18M | 4.12M | -4.09M | -21.67M |
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