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Upturn AI SWOT - About
MakeMyTrip Limited (MMYT)
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Upturn Advisory Summary
04/01/2025: MMYT (4-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 67.51% | Avg. Invested days 49 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 11.13B USD | Price to earnings Ratio 53.08 | 1Y Target Price 118.78 |
Price to earnings Ratio 53.08 | 1Y Target Price 118.78 | ||
Volume (30-day avg) 891318 | Beta 1.36 | 52 Weeks Range 60.55 - 123.00 | Updated Date 04/2/2025 |
52 Weeks Range 60.55 - 123.00 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.91 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 25.43% | Operating Margin (TTM) 12.97% |
Management Effectiveness
Return on Assets (TTM) 3.6% | Return on Equity (TTM) 22.31% |
Valuation
Trailing PE 53.08 | Forward PE - | Enterprise Value 10411542836 | Price to Sales(TTM) 11.89 |
Enterprise Value 10411542836 | Price to Sales(TTM) 11.89 | ||
Enterprise Value to Revenue 11.13 | Enterprise Value to EBITDA 57.44 | Shares Outstanding 70114600 | Shares Floating 56539272 |
Shares Outstanding 70114600 | Shares Floating 56539272 | ||
Percent Insiders 23.2 | Percent Institutions 85.61 |
Analyst Ratings
Rating 4.25 | Target Price 116.67 | Buy 4 | Strong Buy 3 |
Buy 4 | Strong Buy 3 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
MakeMyTrip Limited
Company Overview
History and Background
MakeMyTrip Limited was founded in 2000 by Deep Kalra. Initially focused on serving the Indian diaspora in the US, it quickly expanded to offer travel services within India. Significant milestones include the launch of its online platform in 2005, listing on NASDAQ in 2010, and subsequent acquisitions to strengthen its market position.
Core Business Areas
- Air Ticketing: Facilitates booking of domestic and international flights. Contributes significantly to overall revenue.
- Hotel and Packages: Offers hotel booking services and customized travel packages. This includes hotels, homestays, and alternative accommodations. Significant revenue and volume growth.
- Bus Ticketing: Provides online bus booking services primarily within India.
- Other Travel Services: Includes rail ticketing, car rentals, travel insurance, and visa facilitation.
Leadership and Structure
Deep Kalra serves as the Chairman. Rajesh Magow is the Group CEO. The company has a board of directors responsible for strategic oversight. The organizational structure is divided by business segments, with functional departments supporting each segment.
Top Products and Market Share
Key Offerings
- Air Ticketing: The main offering. Estimated to have a significant market share in India's online air travel segment. Rivals include Yatra, EaseMyTrip, and Ixigo. Revenue is not separately disclosed.
- MarketShare (%):
- Hotel and Packages: Offers hotel booking services and customized travel packages. The Company's main competitors include Booking Holdings (BKNG) and Expedia Group (EXPE). Revenue is not separately disclosed.
- MarketShare (%):
- Bus Ticketing: Online bus booking platform primarily for Indian consumers. Competitors include redBus.
- MarketShare (%):
Market Dynamics
Industry Overview
The online travel market is experiencing strong growth, driven by increasing internet penetration, disposable incomes, and a growing preference for online booking channels. The market is competitive, with several players vying for market share.
Positioning
MakeMyTrip is a leading online travel agency (OTA) in India, with a strong brand reputation and a wide range of services. It leverages technology and data analytics to enhance customer experience and optimize pricing. Its competitive advantages include a large customer base, strong brand recognition, and extensive supplier relationships.
Total Addressable Market (TAM)
The Indian travel market is estimated to be worth hundreds of billions of dollars, with the online segment growing rapidly. MakeMyTrip is positioned to capture a significant share of this TAM through its diverse offerings and strong market presence. The Indian travel market is projected to be worth $125 Billion USD in 2024.
Upturn SWOT Analysis
Strengths
- Strong brand recognition in India
- Wide range of travel services
- Large customer base
- Technologically advanced platform
- Extensive supplier relationships
Weaknesses
- High marketing expenses
- Dependence on travel industry trends
- Vulnerability to economic downturns
- Negative profit margins
Opportunities
- Increasing internet penetration in India
- Growing disposable incomes
- Expansion into new markets
- Strategic partnerships
- Growing demand for sustainable travel
Threats
- Intense competition from other OTAs and direct booking channels
- Fluctuations in currency exchange rates
- Geopolitical risks
- Pandemics and other travel disruptions
- Changes in government regulations
Competitors and Market Share
Key Competitors
- BKNG
- EXPE
- RDEDF
Competitive Landscape
MakeMyTrip benefits from its strong brand recognition in India, while international players like Booking Holdings and Expedia Group have global reach and diverse portfolios. Competition is intense, with pricing and customer experience being key differentiators.
Major Acquisitions
ibibo Group
- Year: 2017
- Acquisition Price (USD millions): 720
- Strategic Rationale: Acquisition aimed to consolidate market share and strengthen position in the Indian online travel market.
Growth Trajectory and Initiatives
Historical Growth: MakeMyTrip has experienced significant growth in gross bookings and revenue over the past decade, driven by the expansion of the Indian online travel market.
Future Projections: Analysts project continued growth in revenue and bookings, driven by increasing internet penetration and disposable incomes in India. Profitability is expected to improve as the company leverages economies of scale and optimizes its cost structure.
Recent Initiatives: Focus on technology investments, strategic partnerships, and expansion into new markets, and expansion of alternative accommodations.
Summary
MakeMyTrip is a dominant player in the Indian online travel market, boasting a strong brand and wide service portfolio. While revenue has grown, consistent profitability remains a challenge due to high expenses. The company's future hinges on capitalizing on India's growing digital economy and effectively managing competition, which includes international players and direct airline booking platforms. Successful cost management and continued innovation will be crucial for sustaining long-term growth and improving investor returns.
Similar Companies
BKNG
Booking Holdings Inc
BKNG
Booking Holdings Inc
EXPE
Expedia Group Inc.
EXPE
Expedia Group Inc.
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MakeMyTrip Limited
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2010-08-12 | Co-Founder, Group CEO & Director Mr. Rajesh Magow | ||
Sector Consumer Cyclical | Industry Travel Services | Full time employees 4576 | Website https://www.makemytrip.com |
Full time employees 4576 | Website https://www.makemytrip.com | ||
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.
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