-1.96%
-5.99%
5.89%
28.72%
87.65%
321.89%
374.88%

Company Description

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia.The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.Its services and products include air tickets; hotels; packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance.


The company allows travelers to research, plan, book, and purchase travel services and products through its websites, such as makemytrip.com, goibibo.com, redbus.in, makemytrip.com.sg, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, travel stores, and travel agents' network, as well as mobile service platform.As of March 31, 2022, it had approximately 125 franchisee-owned travel stores.The company serves leisure and corporate travelers.


MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.

Market Data

Last Price 109.27
Change Percentage -1.96%
Open 110.66
Previous Close 111.45
Market Cap ( Millions) 11996
Volume 610153
Year High 123
Year Low 54.94
M A 50 111.54
M A 200 94.95

Financial Ratios

FCF Yield 0.91%
Dividend Yield 0.00%
ROE 20.95%
Debt / Equity 19.61%
Net Debt / EBIDTA -89.31%
Price To Book 10.41
Price Earnings Ratio 51.91
Price To FCF 109.54
Price To sales 12.82
EV / EBITDA 66.65

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Hotels and Packages

Expected Growth : 11.43 %

What the company do ?

Hotels and Packages from MakeMyTrip Limited offer a wide range of accommodations and bundled deals for a convenient and cost-effective travel experience.

Why we expect these perspectives ?

Strong demand for travel and tourism in India, driven by increasing disposable income and a growing middle class, has fueled growth in hotel bookings. Additionally, MakeMyTrip's strategic partnerships with hotels and its robust online platform have enabled it to offer competitive pricing and convenient booking experiences, contributing to the 11.43% growth in hotels and packages.

Segment nΒ°2 -> Air Ticketing

Expected Growth : 11.43 %

What the company do ?

Air Ticketing from MakeMyTrip Limited allows users to book domestic and international flights, offering a wide range of airlines, routes, and fares.

Why we expect these perspectives ?

MakeMyTrip's 11.43% growth in air ticketing is driven by increasing online penetration, rising middle-class disposable income, and a growing preference for digital travel bookings. Additionally, strategic partnerships, competitive pricing, and an enhanced user experience have contributed to the company's market share expansion.

Segment nΒ°3 -> Bus Ticketing

Expected Growth : 10.87 %

What the company do ?

Bus Ticketing from MakeMyTrip Limited allows users to book bus tickets online for over 12,000 routes across India, with options for seat selection and insurance.

Why we expect these perspectives ?

The 10.87% growth in bus ticketing from MakeMyTrip Limited is driven by increasing internet penetration, rising demand for online bus booking, and strategic partnerships with bus operators. Additionally, the company's user-friendly interface, competitive pricing, and loyalty programs have contributed to the growth. Furthermore, the expansion of bus services to tier-2 and tier-3 cities has also boosted sales.

Segment nΒ°4 -> All Other

Expected Growth : 10.27 %

What the company do ?

All Other from MakeMyTrip Limited refers to the residual business segment, encompassing all other revenue streams not classified under the company's primary segments.

Why we expect these perspectives ?

All Other segment of MakeMyTrip Limited, with 10.27% growth, is driven by increasing adoption of online travel bookings, expansion into new markets, and strategic partnerships. Additionally, the company's focus on mobile optimization, personalized marketing, and loyalty programs contribute to the segment's growth.

Makemytrip Limited Products

Product Range What is it ?
Flight Bookings MakeMyTrip offers online flight bookings for domestic and international flights, allowing customers to search, compare, and book flights with various airlines.
Hotel Bookings MakeMyTrip provides online hotel bookings for over 25,000 hotels across India and the world, offering a range of options from budget-friendly to luxury stays.
Bus Bookings MakeMyTrip offers online bus bookings for over 12,000 routes across India, partnering with leading bus operators to provide a convenient travel experience.
Holiday Packages MakeMyTrip offers customized holiday packages for domestic and international destinations, including flights, hotels, and activities.
Train Bookings MakeMyTrip provides online train bookings for Indian Railways, allowing customers to search, book, and cancel train tickets online.
Cab Bookings MakeMyTrip offers online cab bookings for outstation and local travel, partnering with leading cab operators to provide a convenient travel experience.

MakeMyTrip Limited's Porter Forces

MakeMyTrip Limited faces moderate threat from substitutes as customers have alternative options for booking travel and accommodations, but the company's strong brand recognition and loyalty programs help to mitigate this threat.

MakeMyTrip Limited faces high bargaining power from customers as they have multiple options for booking travel and accommodations, and the company needs to offer competitive prices and services to retain customers.

MakeMyTrip Limited has low bargaining power from suppliers as it has established relationships with a large network of hotels, airlines, and other travel service providers, giving it negotiating power to secure competitive rates.

MakeMyTrip Limited faces moderate threat from new entrants as the online travel agency market is relatively easy to enter, but the company's established brand and large customer base provide a barrier to entry for new competitors.

MakeMyTrip Limited operates in a highly competitive market with many established players, leading to high intensity of rivalry as companies compete for market share and customers.

Capital Structure

Value
Debt Weight 16.63%
Debt Cost 3.95%
Equity Weight 83.37%
Equity Cost 10.25%
WACC 9.20%
Leverage 19.95%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

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690D.DE Haier Smart Home Co., Ltd. engages in the research, development, production, and sale of smart home appliances in Asia, Europe, the United States, Australia, Africa, and internationally. The company operates …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
109.27$
Current Price
109.27$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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