Thomas Cook (India) Limited (THOMASCOOK) AI Stock Analysis

• Market Cap: ₹76.60B
• Dividend Yield: 0.28%
• Average Volume (3M): 54.37K
• Price to Earnings (P/E): 30.2
• Beta (1Y): 1.27
• Revenue Growth: 12.46%
• EPS Growth: -4.05%
• Country: IN
• Employees: 9,097
• Sector: Services
• Sector Strength: N/A
• Industry: Travel Services
• EPS (TTM): 1.55
• Shares Outstanding: 470,380,550
• 10 Day Avg. Volume: 32,006
• 30 Day Avg. Volume: 54,370
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹175.00
• Price Target Upside: 7.46% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: ₹175.00 ▲(7.46% Upside)

Thomas Cook (India) Limited's overall stock score is driven primarily by its solid financial performance, which shows strong revenue growth and improving profitability metrics. However, the technical analysis indicates a bearish trend, and the valuation suggests the stock may be overvalued, which tempers the overall score.

Thomas Cook (India) Limited Business Overview & Revenue Model

Company Description

Thomas Cook (India) Limited provides integrated travel and travel-related financial services in India and internationally. The company operates through four segments: Financial Services, Travel and Related Services, Vacation Ownership and Resorts Business, and Digiphoto Imaging Services. The Financial Services segment engages in the wholesale, and retail purchase and sale of foreign currencies and paid documents. The Travel and Related Services segment is involved in tour operations, travel management, visa services, and travel insurance and related activities. The Vacation Ownership and Resorts Business segment engages in the time share holidays' business. The Digiphoto Imaging Services segment offers turnkey imaging solutions and related services. The company was founded in 1881 and is headquartered in Mumbai, India. Thomas Cook (India) Limited operates as a subsidiary of Fairbridge Capital (Mauritius) Limited.

How the Company Makes Money

Thomas Cook (India) Limited generates revenue through multiple streams. Its primary revenue comes from offering travel-related services, which include organizing and managing tours, providing customized holiday packages, and facilitating corporate travel arrangements. The company earns commissions and fees from airlines, hotels, and other service providers as part of its travel agency operations. Additionally, Thomas Cook (India) Limited is a significant player in the foreign exchange market, where it offers currency exchange services and prepaid travel cards, earning through margins on currency conversion and transaction fees. The company also partners with various financial institutions and service providers to offer travel insurance and visa services, generating further revenue through commissions. Strategic partnerships and its strong brand presence in the travel industry contribute significantly to its earnings.

Thomas Cook (India) Limited Financial Statement Overview

Summary

Thomas Cook (India) Limited shows a positive financial trajectory with strong revenue growth and improving profitability metrics. The balance sheet reflects a stable financial structure with manageable leverage. Cash flow generation is solid, supporting ongoing operations and strategic growth initiatives. Continued focus on improving net margins and ROE will enhance the company's financial standing.

Income Statement

Thomas Cook (India) Limited has demonstrated a strong recovery in its financial performance, with a notable revenue growth rate of 11.31% from 2024 to 2025. The company has significantly improved its EBIT and EBITDA margins, indicating enhanced operational efficiency. However, the net profit margin is modest at 3.12%, suggesting room for improvement in profitability.

Balance Sheet

The company maintains a healthy equity position with an equity ratio of 31.75% and a reasonable debt-to-equity ratio of 0.21, indicating financial stability. The return on equity is relatively low at 11.25%, yet reflects an upward trend. There is potential for enhancing shareholder returns through strategic financial management.

Cash Flow

Thomas Cook's cash flow situation is robust, with a strong free cash flow of 6,002.5 million and a high operating cash flow to net income ratio. The free cash flow growth rate is negative due to fluctuations in capital expenditure, but the overall cash flow health supports future investments and debt servicing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	81.40B	81.40B	73.13B	50.48B	18.87B	7.94B
Gross Profit	16.07B	11.21B	9.76B	14.54B	6.94B	-2.13B
EBITDA	5.36B	4.77B	5.17B	2.39B	-1.33B	-2.06B
Net Income	2.54B	2.54B	2.59B	64.60M	-2.29B	-2.54B
Balance Sheet
Total Assets	71.16B	71.16B	64.17B	56.84B	46.43B	47.64B
Cash, Cash Equivalents and Short-Term Investments	11.17B	11.17B	14.49B	11.45B	5.87B	8.72B
Total Debt	4.65B	4.65B	4.18B	5.39B	5.98B	6.12B
Total Liabilities	48.79B	48.79B	43.84B	40.09B	29.88B	28.48B
Stockholders Equity	22.60B	22.60B	20.57B	17.13B	16.95B	19.29B
Cash Flow
Free Cash Flow	0.00	6.00B	7.25B	4.06B	-2.01B	-5.97B
Operating Cash Flow	0.00	7.17B	8.29B	4.73B	-1.39B	-5.81B
Investing Cash Flow	0.00	-3.29B	-4.39B	-111.56M	-1.25B	3.53B
Financing Cash Flow	0.00	-1.83B	-2.91B	-2.30B	-847.51M	3.35B

Thomas Cook (India) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 162.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 162.85 is below the 20-day moving average (MA) of 172.85, below the 50-day MA of 169.67, and above the 200-day MA of 159.68, indicating a neutral trend. The MACD of -1.14 indicates Positive momentum. The RSI at 37.43 is Neutral, neither overbought nor oversold. The STOCH value of 13.38 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TAJGVK	70 Outperform	₹25.90B	18.33	17.89%	0.49%	13.21%	51.59%
EASEMYTRIP	68 Neutral	₹29.75B	38.06	14.90%	―	-11.41%	-30.90%
YATRA	67 Neutral	₹22.08B	45.50	4.67%	―	118.05%	―
THOMASCOOK	60 Neutral	₹76.60B	30.19	―	0.28%	12.46%	-4.05%
MHRIL	60 Neutral	₹69.10B	53.23	16.35%	―	3.14%	6.79%
ITDC	58 Neutral	₹50.03B	62.72	22.42%	0.50%	18.45%	24.02%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%