MMYTMakeMyTrip Limited
Is the business good?
Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is MMYT?
MakeMyTrip Limited earns −2.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 12 points below what the capital costs: growth destroys value
- Operating margin
- −10.0%
Operating margin · Travel Services median 16% · 12 months to Q4 2022
| Year | Operating margin |
|---|---|
| FY2021 | −41% |
| FY2022 | −10.0% |
| FY2023 | 4.0% |
| FY2024 | 8.3% |
| FY2025 | 12% |
| FY2026 | 15% |
Details›
- Operating margin12 months to Q4 2022
- −10.0%
- Net margin12 months to Q4 2022
- −15%
- Revenue, trailing twelve months
- $304M
- Net income, trailing twelve months
- −$46M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −2.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.