Is MakeMyTrip Ltd (MMYT) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 4.8% / 30% | 15.3% / 30% | 3.0% / 30% | 2.89% / 5% | ✓ HALAL |
| DJIM | 4.8% / 33% | 15.3% / 33% | 3.0% / 33% | 2.89% / 5% | ✓ HALAL |
| MSCI | 12.9% / 33% | 41.6% / 33% | 8.2% / 33% | 2.89% / 5% | ✗ NOT HALAL |
| S&P | 4.8% / 33% | 15.3% / 33% | 3.0% / 33% | 2.89% / 5% | ✓ HALAL |
| FTSE | 12.9% / 33% | 41.6% / 33% | 8.2% / 50% | 2.89% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 57.7% | |
| Operating Margin | 13.8% | |
| Net Margin | 5.5% | |
| Return on Equity (ROE) | 9.6% | |
| Return on Assets (ROA) | 5.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $185M |
| Free Cash Flow | $174M |
| Total Debt | $237M |
| Current Ratio | 1.9 |
| Total Assets | $1.8B |
Price & Trading
| Last Close | $40.00 |
| 50-Day MA | $54.67 |
| 200-Day MA | $80.93 |
| Avg Volume | 1.7M |
| Beta | 0.7 |
|
52-Week Range
$36.03
| |
About MakeMyTrip Ltd (MMYT)
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 tickets, rail tickets, and car hire; activities and experiences and ancillary travel requirements, such as facilitating access to third-party travel and other insurance products, foreign currency exchange services, and visa-related products and services under the MakeMyTrip, Goibibo, and redBus brands. The company allows travelers to research, plan, and book a range of travel services and products in India and internationally through its primary websites, including makemytrip.com, goibibo.com, redbus.in, and makemytrip.ae; and other technology-enhanced distribution channels, such as call centers, franchisee-owned travel stores, and travel agents' network, as well as its mobile applications. It primarily serves leisure travelers and corporates. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in March 2010. MakeMyTrip Limited was incorporated in 2000 and is based in Gurugram, India.
Purification Calculator
As a halal stock with 2.89% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is MakeMyTrip Ltd (MMYT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MakeMyTrip Ltd is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is MakeMyTrip Ltd's debt ratio?
MakeMyTrip Ltd's debt ratio is 4.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 12.9%.
Does MakeMyTrip Ltd require dividend purification?
Yes, MakeMyTrip Ltd has an impermissible income ratio of 2.89%, which means 2.89% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are MakeMyTrip Ltd's key financial metrics?
MakeMyTrip Ltd has a market capitalization of $3.5B, trailing P/E ratio of 69.8, and revenue of $978M. The company maintains a gross margin of 57.7% and a net margin of 5.5%. Return on equity stands at 9.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.