Makemytrip Ltd cash flow statement

In fiscal 2026, Makemytrip Ltd's operations generated $183m of cash; it spent $4.5m on capital projects, leaving free cash flow of $178m. It returned $91.7m through buybacks.

Cash flow statement

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

Makemytrip Ltd: cash flow statement, 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 from operations	−66	−108	−125	−79	−113	65	6	32	126	185	183
Depreciation and amortisation	9	15	30	27	34	33	29	27	27	27	28
Stock-based pay	14	27	45	40	42	36	37	36	37	36	23
Capital spending	6	9	4	3	4	1	3	7	6	4	5
Free cash flow	−72	−117	−130	−82	−116	64	3	25	120	181	178
Free cash flow after stock pay	−85	−144	−175	−122	−158	28	−34	−11	83	145	155
Share buybacks	11	2	—	—	—	—	—	—	—	22	92

US$ thousands unless shown otherwise. Fiscal quarters.

Makemytrip Ltd: cash flow statement, 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
Depreciation and amortisation	8,483	8,870	7,895	7,762	—	—	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.