Net margin is calculated as Net Income divided by its Revenue. MakeMyTrip's Net Income for the
three
months ended in Mar. 2026 was €21.0 Mil. MakeMyTrip's Revenue for the
three
months ended in Mar. 2026 was €216.4 Mil. Therefore, MakeMyTrip's net margin for the quarter that ended in Mar. 2026 was 9.69%.
The historical rank and industry rank for MakeMyTrip's Net Margin % or its related term are showing as below:
STU:MY1'
s Net Margin % Range Over the Past 10 Years
Min: -87.54 Med: -19.78 Max: 27.71
Current: 4.96
STU:MY1's Net Margin % is ranked better than 50.41% of 847
companies
in the Travel & Leisure industry
Industry Median: 4.78
vs STU:MY1: 4.96
MakeMyTrip (STU:MY1) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
MakeMyTrip Net Margin % Related Terms
MakeMyTrip Net Margin % Historical Data
* Premium members only.
The historical data trend for MakeMyTrip's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:MY1 vs TNL, GBTG, LIND: Net Margin % Comparison
For the Travel Services subindustry, MakeMyTrip's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MakeMyTrip Net Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MakeMyTrip's Net Margin % distribution charts can be found below:
* The bar in red indicates where MakeMyTrip's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MakeMyTrip (STU:MY1) has a Net Margin % of 9.69% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on MakeMyTrip and its competitors. According to the industry distribution chart, MakeMyTrip ranks #420 out of 847 companies in the Travel & Leisure industry, placing it in the top 49.6%.
Is MakeMyTrip's Net Margin % too high?
MakeMyTrip's current Net Margin % is 9.69%. The Travel & Leisure industry median Net Margin % is 4.78. MakeMyTrip's value of 9.69% is 102.7% above this industry median. Based on the distribution chart, MakeMyTrip ranks #420 out of 847 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, MakeMyTrip has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MakeMyTrip's Net Margin % compare to TNL and GBTG?
According to the Travel & Leisure industry distribution chart, MakeMyTrip ranks #420 out of 847 companies for Net Margin %. This puts MakeMyTrip in the upper half of its industry. The industry median Net Margin % is 4.78. MakeMyTrip's value of 9.69% is 102.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Travel & Leisure company?
The median Net Margin % among Travel & Leisure companies is 4.78, based on 847 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MakeMyTrip's current Net Margin % of 9.69% is 102.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on MakeMyTrip and its competitors. For the Travel & Leisure industry, the median Net Margin % is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MakeMyTrip's current Net Margin % is 9.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MakeMyTrip stock overvalued right now?
Based on GuruFocus' analysis, MakeMyTrip (STU:MY1) is currently considered Possible Value Trap. The stock's GF Value™ is €92.27, compared to a current price of €46.66 — trading 49.4% below its estimated fair value. The current Net Margin % is 9.69% and 102.7% above the Travel & Leisure industry median of 4.78. MakeMyTrip's overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For MakeMyTrip (STU:MY1), the current Net Margin % is 9.69% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MakeMyTrip (STU:MY1) Overvalued in 2026?
Based on GuruFocus' analysis, MakeMyTrip stock appears to be undervalued.
The current stock price of €46.66 is trading 49.4% below its estimated GF Value™ of €92.27.
GuruFocus considers MakeMyTrip to be Possible Value Trap.
Key valuation signals for STU:MY1:
Net Margin %: 9.69%
GF Value™: €92.27 vs. price of €46.66 (49.4% below fair value)
Industry Position: 102.7% above the Travel & Leisure median (#420 of 847)
No single metric tells the full story. See the STU:MY1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.
56GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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