MMYT Reddit Mentions

The very high P/E ratio of ~120 against a modest EPS of 0.36 implies the market is pricing in strong future growth rather than current earnings strength. Without detailed revenue and margin history, the valuation looks stretched relative to present profitability, suggesting expectations are high and execution risk matters. Overall, fundamentals appear adequate but not yet strong enough on their own to justify a clearly bullish stance at this valuation.

• P/E of 119.86 with EPS of 0.36 indicates the stock is priced for aggressive future earnings growth, leaving little margin for disappointment.
• Current earnings power appears modest relative to valuation, implying that profitability improvements and sustained revenue growth are already largely embedded in the price.
• Absent explicit evidence of rapidly expanding margins or net income, the risk/reward from fundamentals alone looks balanced rather than clearly attractive.

Web traffic of nearly 48 million monthly visitors and 304,000 daily app downloads indicate a strong user funnel, but app download growth is flat month over month. Hiring has dropped by 21.9% MoM, which could reflect efficiency efforts or caution on growth. Social media presence is large with modest net growth, especially on Instagram and LinkedIn, suggesting stable brand engagement but not explosive demand acceleration.

• Estimated 47,960,997 monthly web visitors and 304,000 daily app downloads show robust scale in customer reach, but app download growth is 0.0% MoM, implying no recent acceleration.
• Job openings at 50, down 21.9% MoM, may indicate a slowdown in expansion or a shift toward cost control and operational efficiency rather than aggressive growth hiring.
• Social media base is sizable (e.g., 2.52M Facebook, 1.04M LinkedIn, 0.51M Instagram) with modest growth on Instagram (+10.8% in 90 days) and LinkedIn (+0.6%), pointing to steady but not breakout engagement momentum.

Overall, MakeMyTrip’s stock presents a mixed picture: strong platform scale and engagement, but a very high valuation and weak long-term technicals. Alternative data show a solid, stable business rather than one currently inflecting sharply upward, while the price trades far below the 200-day moving average. Taken together, the evidence supports a neutral stance: upside depends on the company delivering substantial future growth to justify its premium multiple and reversing the current technical weakness.

• High P/E and modest EPS, combined with a price far below the 200-day moving average, argue for caution despite the company’s strong user base.
• Alternative data suggest a healthy but not rapidly accelerating growth profile, so the stock likely requires clear evidence of improved earnings and a technical trend reversal before a more decisively bullish view is warranted.