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Thomas Cook (India) Limited
(THOMASCOOK)
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Rating:65Neutral
Price Target:
₹108.00
▲(10.32% Upside)
Action:Reiterated
Date:08/22/26
The score is primarily supported by improving financial quality—strong recent cash generation and conservative leverage—partly offset by FY2026 margin compression and a slight revenue decline. Technical signals are mixed with weaker momentum and the stock below its 200-day average, while valuation (P/E ~24 and low dividend yield) is only moderately supportive.
Positive Factors
Sustained profitability recovery
The return to sustained profitability demonstrates a meaningful recovery in the operating model after earlier losses. Remaining profitable across FY2024–FY2026 provides a stronger earnings base for reinvestment and indicates improved resilience, although travel demand remains cyclical.
Negative Factors
Recent revenue contraction
The slight FY2026 revenue decline suggests that the recovery has not yet translated into consistent top-line expansion. Prolonged stagnation would limit operating leverage and make future profit growth more dependent on pricing, mix, or efficiency improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained profitability recovery
The return to sustained profitability demonstrates a meaningful recovery in the operating model after earlier losses. Remaining profitable across FY2024–FY2026 provides a stronger earnings base for reinvestment and indicates improved resilience, although travel demand remains cyclical.
Read all positive factors
Thomas Cook (India) Limited (THOMASCOOK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹48.40B
Dividend Yield0.5%
Average Volume (3M)97.31K
Price to Earnings (P/E)21.5
Beta (1Y)1.56
Revenue Growth-4.26%
EPS Growth-13.11%
CountryIN
Employees9,097
SectorGeneral
Sector StrengthN/A
IndustryTravel Services
Share Statistics
EPS (TTM)4.69
Shares Outstanding470,380,550
10 Day Avg. Volume35,807
30 Day Avg. Volume97,309
Financial Highlights & Ratios
PEG Ratio-1.37
Price to Book (P/B)1.64
Price to Sales (P/S)0.50
P/FCF Ratio7.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.09
Revenue Forecast (FY)₹86.27B
Thomas Cook (India) Limited Business Overview & Revenue Model
Company Description
Operating both within India and globally, Thomas Cook (India) Limited delivers a comprehensive suite of integrated travel and related financial services. The company structures its diverse operations into four main divisions: Financial Services, T...
How the Company Makes Money
Thomas Cook (India) Limited primarily earns revenue by selling and servicing travel products and by charging fees/spreads on travel-related financial services.
1) Leisure travel (holidays and tours): The company generates income from designing an...
Thomas Cook (India) Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 80.82B | 83.98B | 81.40B | 73.13B | 50.48B | 18.87B |
| Gross Profit | 9.68B | 9.65B | 11.21B | 9.76B | 5.19B | 6.94B |
| EBITDA | 4.69B | 4.31B | 6.15B | 5.17B | 2.39B | -1.33B |
| Net Income | 2.19B | 2.19B | 2.54B | 2.59B | 64.60M | -2.29B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 78.99B | 71.16B | 64.17B | 56.84B | 46.43B |
| Cash, Cash Equivalents and Short-Term Investments | 13.66B | 13.66B | 11.17B | 14.49B | 11.45B | 5.84B |
| Total Debt | 0.00 | 5.39B | 4.65B | 4.18B | 5.39B | 5.98B |
| Total Liabilities | -25.24B | 53.75B | 48.79B | 43.84B | 40.09B | 29.88B |
| Stockholders Equity | 25.24B | 25.46B | 22.60B | 20.57B | 17.13B | 16.95B |
Cash Flow | ||||||
| Free Cash Flow | 2.82B | 5.46B | 6.00B | 7.25B | 4.06B | -2.01B |
| Operating Cash Flow | 3.28B | 6.72B | 7.17B | 8.29B | 4.73B | -1.39B |
| Investing Cash Flow | -2.94B | -5.02B | -3.29B | -4.39B | -111.56M | -1.25B |
| Financing Cash Flow | -1.28B | -1.24B | -1.83B | -2.91B | -2.30B | -847.51M |
Thomas Cook (India) Limited Technical Analysis
Negative
97.90
Price Trends
105.20
Negative
103.47
Negative
108.75
Negative
Market Momentum
-1.14
Positive
39.19
Neutral
33.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:THOMASCOOK, the sentiment is Negative. The current price of 97.9 is below the 20-day moving average (MA) of 105.70, below the 50-day MA of 105.20, and below the 200-day MA of 108.75, indicating a bearish trend. The MACD of -1.14 indicates Positive momentum. The RSI at 39.19 is Neutral, neither overbought nor oversold. The STOCH value of 33.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:THOMASCOOK.
Thomas Cook (India) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹182.62B | 67.29 | ― | ― | 68.93% | 13.94% | |
66 Neutral | ₹58.96B | 69.41 | ― | 0.45% | -9.37% | 3.25% | |
65 Neutral | ₹48.40B | 21.47 | ― | 0.50% | -4.26% | -13.11% | |
59 Neutral | ₹15.70B | 49.87 | ― | ― | 9.34% | -35.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹23.51B | -41.17 | ― | 2.37% | 1.48% | -165.70% | |
48 Neutral | ₹39.21B | 74.09 | ― | 1.38% | 6.85% | -59.12% |
* General Sector Average
IN:THOMASCOOK
Thomas Cook (India) Limited
100.75
-57.68
-36.41%
IN:EASEMYTRIP
Easy Trip Planners Ltd.
5.76
-2.39
-29.33%
IN:ITDC
India Tourism Development Corp. Ltd.
666.85
81.26
13.88%
IN:MHRIL
Mahindra Holidays & Resorts India Limited
195.20
-157.30
-44.62%
IN:TBOTEK
TBO Tek Ltd.
1,674.35
74.65
4.67%
IN:YATRA
Yatra Online Limited
98.55
-46.95
-32.27%
Thomas Cook (India) Limited Corporate Events
Thomas Cook India Closes Trading Window Ahead of September Quarter Results
Sep 30, 2026
Thomas Cook (India) Limited, a prominent player in India’s travel and financial services sector, provides foreign exchange, leisure travel, and corporate travel offerings, and its shares trade on the BSE and NSE under the codes 500413 and TH...
Sterling Holiday Resorts Deepens Agra Push With New Taj-Side Hotel
Sep 28, 2026
Sterling Holiday Resorts Limited, the wholly owned hospitality arm of Thomas Cook (India) Limited, has expanded its portfolio with the launch of Sterling Regalia Agra, a new hotel located 1.4 km from the Taj Mahal and positioned on the Golden Tria...
Thomas Cook India boosts Karnataka presence with new Bengaluru outlet
Sep 24, 2026
Thomas Cook India has expanded its retail footprint in Karnataka by opening a new outlet in Raja Rajeshwari Nagar, a fast-growing residential and lifestyle hub in South-West Bengaluru. This addition takes its network to 13 locations in Bengaluru a...
Crisil Reaffirms Thomas Cook India’s AA/Stable Rating Amid Geopolitical Headwinds
Sep 21, 2026
Credit rating agency Crisil has reaffirmed Thomas Cook (India) Limited’s long-term rating at ‘CRISIL AA/Stable’ and short-term rating at ‘CRISIL A1+’ on its bank facilities, corporate credit rating and commercial pape...
Thomas Cook (India) Clears All Resolutions at 49th AGM, Declares Dividend
Sep 10, 2026
Thomas Cook (India) Limited reported the outcome of its 49th Annual General Meeting, held via video conferencing in compliance with SEBI listing regulations and the Companies Act provisions on e-voting and virtual meetings. The company noted that ...
Thomas Cook (India) shareholders approve FY26 accounts, dividend and board changes at 49th AGM
Sep 10, 2026
Thomas Cook (India) Limited held its 49th Annual General Meeting on September 10, 2026 via video conferencing and other audio-visual means, complying with SEBI’s listing and disclosure regulations. At the meeting, shareholders considered the...
Thomas Cook India Reshapes Board With Director Re-Appointment and Exit
Sep 10, 2026
Thomas Cook (India) Limited has announced changes in its board of directors following approvals at its 49th Annual General Meeting held on September 10, 2026. Shareholders have cleared the re-appointment of Mr. Sumit Maheshwari as a non-executive ...
Thomas Cook (India) Reshapes Board as Fairfax Executives Adjust Roles
Sep 10, 2026
Thomas Cook (India) Limited operates in the travel and financial services sector, offering leisure and corporate travel solutions alongside foreign exchange services for retail and institutional clients. The company focuses on the Indian market wh...
Thomas Cook India and SOTC target Indian demand for experiential fall and winter travel
Aug 25, 2026
Thomas Cook India and its group company SOTC Travel are expanding their offerings for Indian travellers by curating experiential fall and winter holiday portfolios across Europe, North America, Australia and New Zealand. The move responds to a gro...
Thomas Cook India Sets Virtual AGM to Approve Dividend, Financials and Board Changes
Aug 19, 2026
Thomas Cook (India) Limited has convened its forty-ninth Annual General Meeting for September 10, 2026, to be held via video conferencing and other audio-visual means, where shareholders will consider and adopt the audited standalone and consolida...
Thomas Cook India sees festival-led travel surge across domestic and international markets
Jul 7, 2026
Thomas Cook (India) Limited and SOTC Travel report that Indian travellers are increasingly planning holidays around major regional festivals such as Onam, Pongal, Ganesh Chaturthi, Navratri, Durga Puja, Mysore Dasara, Dussehra and Diwali, turning ...
Thomas Cook (India) Confirms SEBI-Compliant Dematerialisation of Securities for Q1 FY2027
Jul 7, 2026
Thomas Cook (India) Limited, a listed travel and financial services company in India, has disclosed that it received a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ende...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.