Thomas Cook (India) Ltd logo

Thomas Cook (India) Ltd

THOMASCOOK NSE

Key Fundamentals

MicrocapTour & TravelLeisure Services
Market Cap
₹5,045 Cr
Volatility
Moderate
P/E Ratio
23.53
EBITDA
₹422 Cr
Return on Equity
11.55%
Debt to Equity
0.21
Book Value
₹41.5
EPS
₹5.56
52W High
₹181.55
52W Low
₹86.35

Insights

Beta

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

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46 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 23.6% CAGR over last 5 years
  • Promoter holding has increased by 0.94% over last quarter.

Weaknesses

3
  • Company has a low return on equity of 11.5% over last 3 years.
  • Earnings include an other income of Rs.171 Cr.
  • Promoter holding has decreased over last 3 years: -7.57%

Growth Rate

Revenue Growth
1.37% ↘
Net Income Growth
8.68% ↘
Cash Flow Change
-13.48% ↘
ROE
-13.42% ↘
ROCE
1.09% ↘
EBITDA Margin (Avg.)
-34.27% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 36d ago
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

Anthropic anthropic claude-opus-4.6 36d ago
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.

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.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
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
Operating Profit
124
103
116
91
136
125
116
98
127
108
114
78
93
OPM %
7%
6%
6%
5%
6%
6%
6%
5%
5%
5%
5%
4.4%
4.5%
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
Depreciation
30
31
33
33
34
35
37
36
36
39
41
42
42
PBT
101
77
107
61
109
110
71
88
112
110
60
48
88
Tax %
28%
32%
16%
7%
33%
35%
35%
28%
34%
36%
25%
36%
28%
Net Profit
71
51
91
58
73
72
47
66
74
71
45
31
64
EPS in Rs
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
Figures in ₹ Crores

Profit & Loss

  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
7,971
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
157
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 in Rs
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%
-18%
32%
0%
16%
0%
0%
0%
291%
11%
8%
11%
—
Figures in ₹ Crores

Balance Sheet

  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
4,813
Total Liabilities
3,126
4,899
6,965
12,096
13,008
5,492
4,736
4,615
5,657
6,364
7,028
7,899
Fixed Assets
1,200
1,903
2,843
1,723
2,403
2,707
2,628
2,580
2,576
2,770
2,809
3,149
CWIP
97
53
56
13
7
12
6
14
26
60
93
8
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
4,455
Total Assets
3,126
4,899
6,965
12,096
13,008
5,492
4,736
4,615
5,657
6,364
7,028
7,899
Figures in ₹ Crores

Cash Flow

  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
-408
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
46
Free Cash Flow
29
113
162
-409
179
28
-595
-201
612
730
609
566
CFO/OP
81
268
117
1
357
185
177
76
391
201
170
159
Figures in ₹ Crores

Ratios

  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
-75
ROCE %
17%
9%
10%
6%
2%
1%
-14%
-11%
5%
19%
19%
15%

Shareholding Pattern

As of Jun 2026
Promoters 64.77%
Public 17.35%
DIIs 6.53%
FIIs 6.18%
Others 5.08%
Government 0.10%
Total 100.01%
  Mar 2021Apr 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
65.60%
65.60%
65.60%
65.60%
65.60%
70.58%
72.34%
72.34%
72.34%
72.34%
72.34%
72.34%
63.83%
63.83%
63.83%
63.83%
63.83%
63.83%
63.83%
63.83%
63.83%
63.83%
64.77%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.57%
1.83%
2.29%
3.16%
3.57%
4.37%
4.52%
4.41%
5.32%
7.28%
7.56%
6.18%
DIIs
12.92%
12.92%
12.62%
11.89%
12.11%
9.58%
9.01%
9.29%
9.26%
9.29%
9.10%
8.23%
9.35%
8.65%
9.10%
9.84%
9.48%
8.10%
7.79%
7.33%
6.83%
6.55%
6.53%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.06%
0.08%
0.07%
0.08%
0.09%
0.10%
0.12%
0.12%
0.11%
0.10%
0.10%
Public
15.76%
15.76%
16.07%
16.96%
16.99%
14.90%
14.38%
14.14%
14.15%
14.14%
14.10%
14.64%
18.47%
19.14%
17.81%
16.86%
16.64%
17.49%
17.90%
17.63%
16.54%
16.40%
17.35%
Others
5.72%
5.72%
5.70%
5.55%
5.30%
4.94%
4.28%
4.23%
4.25%
4.24%
4.46%
4.22%
6.45%
6.01%
6.02%
5.81%
5.58%
5.95%
5.95%
5.77%
5.41%
5.55%
5.08%
No. of Shareholders
75,575
75,575
83,895
87,477
92,460
92,138
88,585
84,699
83,456
79,766
77,943
77,928
82,595
93,080
95,491
98,842
1,04,120
1,17,253
1,17,383
1,15,989
1,09,844
1,09,061
1,11,875

Documents

Frequently Asked Questions about Thomas Cook (India) Ltd

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. [1]
Where is Thomas Cook (India) Ltd (THOMASCOOK) listed?
Thomas Cook (India) Ltd is listed on the Indian stock exchanges. It is listed on NSE: THOMASCOOK and BSE: 500413. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Thomas Cook (India) Ltd belong to?
Thomas Cook (India) Ltd operates in the Leisure Services sector within the Tour & Travel industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Thomas Cook (India) Ltd?
Thomas Cook (India) Ltd has a market capitalisation of approximately ₹5045.30 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Thomas Cook (India) Ltd?
The Price-to-Earnings (PE) ratio of Thomas Cook (India) Ltd is 23.53. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Thomas Cook (India) Ltd?
Over the past 52 weeks, Thomas Cook (India) Ltd has traded between a low of ₹86.35 and a high of ₹181.55. This range helps investors understand the stock's price volatility and recent trading levels.
Does Thomas Cook (India) Ltd pay dividends?
Yes, Thomas Cook (India) Ltd has a dividend yield of 0.47%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Thomas Cook (India) Ltd?
Thomas Cook (India) Ltd has a Return on Equity (ROE) of 11.55%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Thomas Cook (India) Ltd on Tapetide?
On Tapetide, you can view Thomas Cook (India) Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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. [1]

Website thomascook.in
CEO Mr. Mahesh Chandran Iyer
Employees 10,194
Listed 2000-06-07
Face Value ₹ 1
Issued Size 47,03,80,562

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