MakeMyTrip Limited (MMYT) - Net Assets
Based on the latest financial reports, MakeMyTrip Limited (MMYT) has net assets worth $-279.36 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.86 Billion) and total liabilities ($2.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MakeMyTrip Limited (MMYT) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-279.36 Million |
| % of Total Assets | -15.02% |
| Annual Growth Rate | N/A |
| 5-Year Change | 35.55% |
| 10-Year Change | 1456.49% |
| Growth Volatility | 440.67 |
MakeMyTrip Limited - Net Assets Trend (2009–2025)
This chart illustrates how MakeMyTrip Limited's net assets have evolved over time, based on quarterly financial data. Also explore MakeMyTrip Limited asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for MakeMyTrip Limited (2009–2025)
The table below shows the annual net assets of MakeMyTrip Limited from 2009 to 2025. For live valuation and market cap data, see MMYT company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.21 Billion | +8.20% |
| 2024-03-31 | $1.12 Billion | +27.44% |
| 2023-03-31 | $876.06 Million | -2.28% |
| 2022-03-31 | $896.48 Million | +0.59% |
| 2021-03-31 | $891.19 Million | +3.35% |
| 2020-03-31 | $862.29 Million | -36.47% |
| 2019-03-31 | $1.36 Billion | -12.93% |
| 2018-03-31 | $1.56 Billion | +10.92% |
| 2017-03-31 | $1.41 Billion | +1710.95% |
| 2016-03-31 | $77.61 Million | -50.83% |
| 2015-03-31 | $157.85 Million | -2.74% |
| 2014-03-31 | $162.30 Million | +59.13% |
| 2013-03-31 | $101.99 Million | -14.14% |
| 2012-03-31 | $118.79 Million | +55.74% |
| 2011-03-31 | $76.28 Million | +405.70% |
| 2010-03-31 | $-24.95 Million | +8.38% |
| 2009-03-31 | $-27.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MakeMyTrip Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 89357266200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $56.00K | 0.00% |
| Other Comprehensive Income | $-49.28 Million | -4.10% |
| Other Components | $2.18 Billion | 181.41% |
| Total Equity | $1.20 Billion | 100.00% |
MakeMyTrip Limited Competitors by Market Cap
The table below lists competitors of MakeMyTrip Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Perfect World Co Ltd
SHE:002624
|
$4.32 Billion |
|
Hang Zhou Iron & Steel Co Ltd
SHG:600126
|
$4.32 Billion |
|
Emmi AG
SW:EMMN
|
$4.32 Billion |
|
All Winner Technology Co Ltd
SHE:300458
|
$4.32 Billion |
|
Silicon Motion Technology
NASDAQ:SIMO
|
$4.32 Billion |
|
Atour Lifestyle Holdings Limited American Depositary Shares
NASDAQ:ATAT
|
$4.31 Billion |
|
Bright Horizons Family Solutions Inc
NYSE:BFAM
|
$4.31 Billion |
|
Kodiak Gas Services, Inc.
NYSE:KGS
|
$4.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MakeMyTrip Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,110,855,000 to 1,202,630,000, a change of 91,775,000 (8.3%).
- Net income of 95,101,000 contributed positively to equity growth.
- Share repurchases of 21,722,000 reduced equity.
- Other comprehensive income decreased equity by 19,382,000.
- Other factors increased equity by 37,778,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $95.10 Million | +7.91% |
| Share Repurchases | $21.72 Million | -1.81% |
| Other Comprehensive Income | $-19.38 Million | -1.61% |
| Other Changes | $37.78 Million | +3.14% |
| Total Change | $- | 8.26% |
Book Value vs Market Value Analysis
This analysis compares MakeMyTrip Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.59x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-03-31 | $-0.92 | $48.20 | x |
| 2010-03-31 | $-0.79 | $48.20 | x |
| 2011-03-31 | $2.18 | $48.20 | x |
| 2012-03-31 | $3.10 | $48.20 | x |
| 2013-03-31 | $2.71 | $48.20 | x |
| 2014-03-31 | $4.27 | $48.20 | x |
| 2015-03-31 | $3.76 | $48.20 | x |
| 2016-03-31 | $1.86 | $48.20 | x |
| 2017-03-31 | $26.70 | $48.20 | x |
| 2018-03-31 | $15.53 | $48.20 | x |
| 2019-03-31 | $13.05 | $48.20 | x |
| 2020-03-31 | $8.16 | $48.20 | x |
| 2021-03-31 | $8.31 | $48.20 | x |
| 2022-03-31 | $8.24 | $48.20 | x |
| 2023-03-31 | $7.83 | $48.20 | x |
| 2024-03-31 | $9.40 | $48.20 | x |
| 2025-03-31 | $10.50 | $48.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MakeMyTrip Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.72%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.52x
- Recent ROE (7.91%) is above the historical average (-13.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | -10.72% | 1.81x | 0.00x | $-4.62 Million |
| 2010 | 0.00% | -7.43% | 1.65x | 0.00x | $-3.71 Million |
| 2011 | 6.33% | 3.87% | 1.10x | 1.48x | $-2.80 Million |
| 2012 | 5.94% | 3.59% | 1.16x | 1.43x | $-4.82 Million |
| 2013 | -27.24% | -12.06% | 1.18x | 1.92x | $-37.72 Million |
| 2014 | -12.96% | -8.20% | 0.95x | 1.67x | $-37.09 Million |
| 2015 | -11.61% | -6.09% | 1.07x | 1.78x | $-33.98 Million |
| 2016 | -114.06% | -26.34% | 0.84x | 5.17x | $-96.28 Million |
| 2017 | -7.84% | -24.61% | 0.29x | 1.10x | $-250.65 Million |
| 2018 | -14.01% | -32.35% | 0.38x | 1.13x | $-374.28 Million |
| 2019 | -12.36% | -34.52% | 0.31x | 1.16x | $-303.48 Million |
| 2020 | -52.17% | -87.54% | 0.47x | 1.26x | $-533.60 Million |
| 2021 | -6.27% | -34.04% | 0.12x | 1.47x | $-144.39 Million |
| 2022 | -5.08% | -14.94% | 0.23x | 1.48x | $-134.82 Million |
| 2023 | -1.30% | -1.91% | 0.44x | 1.56x | $-98.28 Million |
| 2024 | 19.52% | 27.71% | 0.47x | 1.49x | $105.72 Million |
| 2025 | 7.91% | 9.72% | 0.54x | 1.52x | $-25.16 Million |
Industry Comparison
This section compares MakeMyTrip Limited's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $2,714,372,553
- Average return on equity (ROE) among peers: -27.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MakeMyTrip Limited (MMYT) | $-279.36 Million | 0.00% | N/A | $4.32 Billion |
| Airbnb Inc (ABNB) | $4.78 Billion | -7.37% | 1.87x | $60.00 Billion |
| Ambitions Enterprise Management Co. L.L.C Class A Ordinary Shares (AHMA) | $6.37 Million | 14.92% | 0.57x | $12.72 Million |
| Booking Holdings Inc (BKNG) | $110.67 Million | -284.75% | 0.76x | $134.32 Billion |
| Carnival Corporation (CCL) | $3.61 Billion | 18.48% | 0.51x | $33.03 Billion |
| Carnival Plc ADS (CUK) | $16.97 Billion | 13.27% | 0.68x | $3.89 Billion |
| Despegar.com Corp (DESP) | $-94.41 Million | 0.00% | 0.00x | $1.63 Billion |
| Expedia Group Inc. (EXPE) | $231.00 Million | 0.00% | 0.69x | $29.30 Billion |
| Global Business Travel Group Inc (GBTG) | $1.49 Billion | -31.26% | 1.68x | $2.83 Billion |
| Inspirato Inc (ISPO) | $-74.99 Million | 0.00% | 0.00x | $54.21 Million |
| Lindblad Expeditions Holdings Inc (LIND) | $118.98 Million | 4.09% | 2.43x | $1.03 Billion |
About MakeMyTrip Limited
MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing. Its products and services include air ticketing, hotels and packages, bus… Read more