Added to YB: 2026-04-02
Pitch date: 2026-03-30
MMYT [bearish]
MakeMyTrip Limited
-2.41%
current return
Author Info
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Company Info
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.
Market Cap
$3.5B
Pitch Price
$36.99
Price Target
N/A
Dividend
N/A
EV/EBITDA
23.80
P/E
68.52
EV/Sales
3.90
Sector
Hotels, Restaurants and Leisure
Category
special_situation
MarineMax Stock Analysis
MMYT (short): India's largest OTA defies 2022 CCI $26.1M fine for anti-competitive price parity (still enforced via 'competitiveness scores'). New CCI cartel probe findings due early 2026 (undisclosed). $34M+ CCI liability unprovided (60% of 2025 NI). Losing share to Booking/Agoda; Marriott share 38%→31%, OYO -10-12%. Trades 18x fwd P/E vs peers 13x. Dark patterns, refund abuse, unsafe hotels prevalent.
Read full article (9 min)