Makemytrip Ltd balance sheet

At the end of fiscal 2026, Makemytrip Ltd had total assets of $1.75bn, total liabilities of $1.81bn and shareholders' equity of −$67.8m. It held $425m in cash against $1.41bn of debt: net debt of $981m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Makemytrip Ltd: balance sheet, annual
Fiscal year	2016Mar 2016	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Cash and equivalents	—	102	188	178	130	295	213	284	327	509	425
Receivables	—	35	56	53	53	25	36	69	92	141	163
Inventory	—	0	1	1	0	0	0	0	0	0	1
Total current assets	—	263	541	441	279	501	591	672	857	1,065	1,046
Goodwill	—	—	—	—	—	620	601	—	—	—	—
Total assets	—	1,545	1,765	1,570	1,083	1,309	1,323	1,360	1,660	1,828	1,755
Total current liabilities	—	134	200	205	180	194	191	454	298	577	343
Short-term debt	—	0	0	0	4	2	3	220	5	222	6
Long-term debt	—	1	0	0	22	202	214	16	217	14	1,400
Total debt	—	1	1	1	26	204	217	235	222	236	1,406
Total liabilities	—	139	207	213	221	418	426	484	544	620	1,813
Shareholders' equity	78	1,405	1,559	1,357	858	888	894	870	1,111	1,203	−68
Net debt (negative = net cash)	—	−101	−187	−177	−104	−91	3	−49	−105	−273	981

US$ millions unless shown otherwise. Fiscal quarters.

Makemytrip Ltd: balance sheet, quarterly
Quarter	2021 Q1Jun 2020	2021 Q2Sept 2020	2021 Q3Dec 2020	2021 Q4Mar 2021	2022 Q1Jun 2021	2022 Q2Sept 2021	2022 Q3Dec 2021	2022 Q4Mar 2022
Receivables	—	—	—	25	—	—	—	36
Inventory	—	—	—	0	—	—	—	0
Total current assets	—	—	—	501	—	—	—	591
Goodwill	—	—	—	620	—	—	—	601
Total assets	—	—	—	1,309	—	—	—	1,323
Total current liabilities	—	—	—	194	—	—	—	191
Short-term debt	—	—	—	2	—	—	—	3
Long-term debt	—	—	—	202	—	—	—	214
Total debt	—	—	—	204	—	—	—	217
Total liabilities	—	—	—	418	—	—	—	426
Shareholders' equity	—	—	—	888	—	—	—	894

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Makemytrip Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Makemytrip Ltd.