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Thomas Cook (India)

THOMASCOOK NSE
₹89.72 +2.21 (+2.53%)
P/E
19.29
View as Markdown
MCP
Close 4 Nov 2026 ₹89.72 −63.67 −41.5% 1Y
Start ₹153.39

Key Fundamentals

MicrocapLeisure ServicesConsumer Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
14.90%
Debt to Equity
0.21
EPS (TTM)
₹4.65
Book Value
₹41.31
Market Cap
—
P/E (TTM)
19.29
P/B
2.17
ROE
9.21%
Dividend Yield
0.57%
EBITDA
₹587 Cr
52W High
₹162.00
52W Low
₹85.25
Day Range
₹85.71 – ₹90.34
Volume
10,62,811

Peer Comparison

Consumer Discretionary › Leisure Services › Tour & Travel › Tour, Travel Related Services

Thomas Cook peer comparison
IRCTC
₹450.0025.86₹36,148 Cr8.352.01%34.40%46.10%₹5,425 Cr₹1,393 Cr
TBO Tek
₹1,526.3062.63₹17,254 Cr9.540.00%17.40%18.30%₹3,092 Cr₹265 Cr
BLS International Services
₹216.7312.64₹8,852 Cr3.621.16%32.10%29.80%₹3,178 Cr₹745 Cr
Le Travenues Technology
₹144.6542.42₹6,345 Cr2.940.00%4.79%6.14%₹1,305 Cr₹153 Cr
Waterways Leisure Tourism
₹89.0410.60₹6,321 Cr8.860.00%92.30%64.00%₹696 Cr₹108 Cr
Thomas Cook (this company)
₹89.7219.29₹4,130 Cr2.170.57%9.21%14.90%₹8,082 Cr₹211 Cr
Easy Trip Planners
₹6.08—₹2,391 Cr2.161.68%−0.46%0.61%₹557 Cr−₹60 Cr
Median 7 companies₹144.6522.58₹6,345 Cr3.620.57%17.40%18.30%₹3,092 Cr₹211 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
44
Weak
Returns, margins, earnings quality 22% weight
Valuation
71
Strong
Cheap vs sector & own history 24% weight
Growth
19
Poor
Sales & profit trajectory 9% weight
Financial Health
43
Weak
Solvency, leverage, coverage 9% weight
Momentum
29
Poor
Trend strength, vol-adjusted 12% weight
Ownership
44
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 23.6% CAGR over last 5 years

Weaknesses

3
  • Company has a low return on equity of 11.4% over last 3 years.
  • Earnings include an other income of Rs.171 Cr.
  • Promoter holding has decreased over last 3 years: -7.57%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1162
OscillatorsBearish261
Moving AveragesStrong Bearish901

Key readings

RSI (14)
39.19
Neutral
MACD (12,26,9)
−3.94
Bearish
SMA (50)
101.55
Bearish
SMA (200)
103.84
Bearish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+3.26%
5Y+60.24%
3Y+18.49%
1Y+3.17%
TTM−4.25%

Net profit

Net profit growth by window
10YTurned to profit
5YTurned to profit
3Y+180.20%
1Y−14.73%
TTM−18.53%

Operating cash flow

Operating cash flow growth by window
10Y+5.32%
5YTurned positive
3Y−0.31%
1Y−10.32%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.08 pp
5Y+49.38 pp
3Y+1.57 pp
1Y−0.77 pp
TTM−0.66 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹8,762 Cr
Mar 2018₹11,248 Cr
Mar 2019₹6,603 Cr
Mar 2020₹6,833 Cr
Mar 2021₹795 Cr
Mar 2022₹1,888 Cr
Mar 2023₹5,048 Cr
Mar 2024₹7,299 Cr
Mar 2025₹8,140 Cr
Mar 2026₹8,398 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹86.00 Cr
Mar 2018₹6,131 Cr
Mar 2019₹89.00 Cr
Mar 2020−₹18.00 Cr
Mar 2021−₹295 Cr
Mar 2022−₹254 Cr
Mar 2023₹10.00 Cr
Mar 2024₹271 Cr
Mar 2025₹258 Cr
Mar 2026₹220 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹411 Cr −29.9% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Thomas Cook (India) Ltd trades at a market cap of Rs.4,999 Cr with a PE of 22.2x and a price-to-book of 2.51x. The company delivered strong 3-year profit CAGR of 222% off a low base but saw TTM profit decline of 13%, while the stock has corrected 37% over the past year.

Bull Case 7
  • Strong 5-year compounded profit growth of 24% CAGR, with 3-year profit CAGR at 222% indicating sharp recovery from pandemic lows
  • 3-year compounded sales growth of 18% reflects robust post-COVID travel demand recovery
  • 5-year compounded sales growth of 60% demonstrates significant top-line expansion over a longer horizon
  • PE ratio of 22.2x is moderate for a consumer discretionary travel company, suggesting valuation is not excessively stretched
  • 3-year ROE of 11% shows improving capital efficiency compared to the 5-year average of 5% and 10-year average of 2%
  • Dividend yield of 0.48% provides a small income component, indicating the company is generating distributable profits
  • 5-year stock CAGR of 10% and 3-year stock CAGR of 11% indicate the stock has compounded at a reasonable pace over medium-term despite recent correction
Bear Case 8
  • Stock has declined 37% over the past 1 year, indicating significant negative sentiment or deteriorating fundamentals
  • TTM profit growth has turned negative at -13%, suggesting earnings momentum is fading
  • Earnings quality is questionable with other income of Rs.154 Cr contributing meaningfully to the bottom line
  • Promoter holding has decreased by 8.51% over last 3 years, signalling potential lack of promoter confidence
  • 3-year ROE of only 11% is relatively low for a company trading at 2.51x price-to-book, indicating suboptimal capital efficiency relative to valuation
  • TTM sales growth has slowed sharply to just 3% compared to 18% 3-year CAGR, suggesting the post-COVID recovery tailwind is fading
  • 10-year stock CAGR of 0% indicates the company has created no long-term shareholder value over a full decade
  • 10-year compounded sales growth of only 3% raises questions about the company's structural growth trajectory beyond cyclical recovery

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Thomas Cook is strengthening its consumer-facing value proposition through forex card rewards and brand recognition via Sterling's Tripadvisor wins. The GST demand of ₹13.9 lakh is immaterial relative to company scale and poses negligible financial risk. Overall trend is mildly positive with the company investing in customer engagement and its hospitality subsidiary gaining repeat industry recognition.

Headwinds 1
  • GST demand order from Chennai Jun 15

    Commercial Tax Officer, Chennai confirmed a GST demand of ₹13,94,644 plus interest and penalty against Thomas Cook.

Positives 2
  • Sterling wins 28 Tripadvisor awards Jun 19

    Subsidiary Sterling Holiday Resorts secured 28 Travellers' Choice Awards, with Sterling Kanha winning Best of the Best for the fourth consecutive year.

  • Cross-border forex card rewards launched Jun 18

    Thomas Cook introduced a 10% rewards-back programme for forex card customers on global brands, targeting digital payments during international travel.

Neutral 1
  • Investor meet scheduled June 12 Jun 8

    Thomas Cook announced a virtual investor meeting on June 12, 2026, organized by Choice Institutional Equities, relying on publicly available information.

Quarterly Results

₹ Cr
THOMASCOOK quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1,899
1,843
1,893
1,664
2,106
2,004
2,061
1,969
2,408
2,074
2,146
1,771
2,092
1,944
Expenses
1,775
1,741
1,777
1,573
1,970
1,879
1,945
1,871
2,281
1,966
2,031
1,692
1,999
1,852
Operating Profit
124
103
116
91
136
125
116
98
127
108
114
78
93
92
OPM %
7%
6%
6%
5%
6%
6%
6%
5%
5%
5%
5%
4.4%
4.5%
4.7%
Other Income
33
28
48
29
28
43
18
50
45
64
11
35
61
—
Interest
26
23
24
26
22
24
26
24
24
24
24
23
23
23
Depreciation
30
31
33
33
34
35
37
36
36
39
41
42
42
44
PBT
101
77
107
61
109
110
71
88
112
110
60
48
88
84
Tax %
28%
32%
16%
7%
33%
35%
35%
28%
34%
36%
25%
36%
28%
36%
Net Profit
71
51
91
58
73
72
47
66
74
71
45
31
64
54
EPS (₹)
1.55
1
1.75
1.2
1.6
1.38
1.05
1.37
1.53
1.41
0.89
0.82
1.53
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
THOMASCOOK profit and loss, annual, ₹ crore
Particulars Mar 2015 15mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,244
6,094
8,762
11,248
6,603
6,833
795
1,888
5,048
7,299
8,140
8,398
8,082
Expenses
3,001
5,910
8,425
10,876
6,520
6,726
1,147
2,075
4,870
6,862
7,662
7,970
7,688
Operating Profit
243
184
338
372
83
107
−352
−187
178
437
478
428
394
OPM %
7%
3%
3.9%
3.3%
1.3%
1.6%
−44%
−10%
3.5%
6%
6%
5%
4.9%
Other Income
41
−31
84
6,005
168
76
146
55
62
134
141
156
171
Interest
71
92
132
149
73
101
62
62
89
99
95
95
94
Depreciation
41
61
91
137
67
151
148
129
124
128
142
160
165
PBT
171
1
199
6,091
110
−69
−416
−322
27
345
382
330
306
Tax %
34%
6392%
57%
−1%
19%
−74%
−29%
−21%
61%
21%
32%
33%
—
Net Profit
112
−59
86
6,131
89
−18
−295
−254
10
271
258
220
211
EPS (₹)
3.31
−2.13
1.18
161
2.29
−0.02
−6.72
−5.18
0.14
5.51
5.41
4.65
4.65
Div. Payout %
15%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
32%
0%
16%
0%
0%
0%
291%
11%
8%
11%
—

Balance Sheet

₹ Cr
THOMASCOOK balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
27
37
37
37
37
38
38
44
47
47
47
47
Reserves
1,302
1,211
1,950
8,634
8,856
1,627
1,891
1,651
1,666
2,010
2,213
2,499
Borrowings
380
1,042
1,404
425
361
762
612
598
539
418
465
539
Other Liabilities
1,417
2,609
3,575
3,000
3,753
3,066
2,194
2,321
3,404
3,889
4,303
4,682
Total Liabilities
3,126
4,899
6,965
12,096
13,008
5,492
4,736
4,615
5,657
6,364
7,028
7,768
Fixed Assets
1,200
1,903
2,843
1,723
2,403
2,707
2,628
2,580
2,576
2,770
2,809
3,147
CWIP
97
53
56
13
7
12
6
14
26
60
93
10
Investments
340
134
219
7,398
7,417
100
130
129
106
134
134
287
Other Assets
1,489
2,810
3,847
2,962
3,180
2,673
1,971
1,892
2,948
3,400
3,992
4,324
Total Assets
3,126
4,899
6,965
12,096
13,008
5,492
4,736
4,615
5,657
6,364
7,028
7,768

Cash Flow

₹ Cr
THOMASCOOK cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
131
383
273
−244
253
120
−581
−139
649
829
717
643
Investing
−607
−165
−253
−458
−263
−184
351
−123
−179
−437
−325
−384
Financing
565
548
161
477
−167
−170
335
−85
−230
−291
−183
−189
Net Cash Flow
89
766
181
−225
−178
−234
105
−347
239
101
210
69
Free Cash Flow
29
113
162
−409
179
28
−595
−201
612
730
609
566
CFO/EBITDA
81
268
117
1
357
185
177
76
391
201
170
159

Ratios

THOMASCOOK financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
73
50
42
28
46
25
59
45
41
32
28
29
Cash Conversion Cycle
73
50
42
28
46
25
59
45
41
32
28
29
Working Capital Days
−15
−61
−52
−38
−66
−78
−540
−235
−102
−89
−63
−87
ROCE %
17%
9%
10%
6%
2%
1%
−14%
−11%
5%
19%
19%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Thomas Cook insights

61 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 64.77%
  • Public 21.78%
  • DIIs 6.61%
  • FIIs 5.81%
  • Government 0.10%

No promoter shares pledged as of Sep 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Thomas Cook (India)

What does Thomas Cook (India) Ltd do?
Established in 1881, Thomas Cook (India) Limited is a leading integrated travel and financial services company in India, offering forex, MICE, leisure travel, insurance, and visa services.
Where is Thomas Cook (India) Ltd (THOMASCOOK) listed?
Thomas Cook (India) Ltd trades as THOMASCOOK on the NSE and under code 500413 on the BSE.
Which sector does Thomas Cook (India) Ltd belong to?
Thomas Cook (India) Ltd is classified under the Leisure Services sector, in the Tour & Travel industry.
What is the PE ratio of Thomas Cook (India) Ltd?
Thomas Cook (India) Ltd trades at a PE ratio of 19.29 as of 4 Nov 2026, on earnings per share of ₹4.65, against a book value of ₹41.31 per share.
What is the 52-week high and low of Thomas Cook (India) Ltd?
Over the last 52 weeks Thomas Cook (India) Ltd has traded between ₹85.25 and ₹162 as of 4 Nov 2026.
Does Thomas Cook (India) Ltd pay dividends?
Thomas Cook (India) Ltd has a dividend yield of 0.57%.
What is the Return on Equity (ROE) of Thomas Cook (India) Ltd?
Thomas Cook (India) Ltd reported a return on equity of 9.21%. Its debt-to-equity ratio is 0.21.

Company Information

Established in 1881, Thomas Cook (India) Limited is a leading integrated travel and financial services company in India, offering forex, MICE, leisure travel, insurance, and visa services.

Website thomascook.in
CEO Mr. Mahesh Chandran Iyer
Employees 10,194
Listed 7 Jun 2000
Face Value ₹1

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