Thomas Cook (India) Limited (IN:THOMASCOOK)
:THOMASCOOK
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Thomas Cook (India) Limited
(THOMASCOOK)
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Rating:64Neutral
Price Target:
₹102.00
▼(-28.35% Downside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by solid financial performance—strong recent cash generation and conservative leverage—tempered by FY2026 margin compression and slight revenue softness. Technicals are notably weak with the price below key moving averages and negative MACD, while valuation appears moderate with a low dividend yield.
Positive Factors
Strong free cash flow generation
Consistently positive operating and free cash flow in FY2024–FY2026, with FY2026 FCF up sharply and at ~81% of net income, signals durable earnings quality. Robust FCF supports capex, working capital, debt reduction or shareholder returns, and provides a buffer through travel downturns.
Negative Factors
Recent margin compression
Declining EBITDA and net margins signal rising cost pressures or weakening pricing power. Persistent margin erosion reduces retained earnings available for reinvestment or balance sheet strengthening, making it harder to rebuild profitability if top-line growth stalls.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Consistently positive operating and free cash flow in FY2024–FY2026, with FY2026 FCF up sharply and at ~81% of net income, signals durable earnings quality. Robust FCF supports capex, working capital, debt reduction or shareholder returns, and provides a buffer through travel downturns.
Read all positive factors
Thomas Cook (India) Limited (THOMASCOOK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹43.75B
Dividend Yield0.32%
Average Volume (3M)183.74K
Price to Earnings (P/E)19.1
Beta (1Y)1.53
Revenue Growth3.18%
EPS Growth-14.01%
CountryIN
Employees9,097
SectorServices
Sector StrengthN/A
IndustryTravel Services
Share Statistics
EPS (TTM)5.42
Shares Outstanding470,380,550
10 Day Avg. Volume480,741
30 Day Avg. Volume183,743
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)5.51
Revenue Forecast (FY)₹96.88B
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 ...
How the Company Makes Money
Thomas Cook (India) Limited generates revenue primarily by selling and managing travel and travel-adjacent services for leisure and corporate customers. Key revenue streams typically include: (1) Leisure travel/holidays and tours: earnings from pa...
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 | 85.12B | 83.98B | 81.40B | 73.13B | 50.48B | 18.87B |
| Gross Profit | 13.33B | 9.65B | 11.21B | 9.76B | 5.19B | 6.94B |
| EBITDA | 5.76B | 4.31B | 6.15B | 5.17B | 2.39B | -1.33B |
| Net Income | 2.53B | 2.19B | 2.54B | 2.59B | 64.60M | -2.29B |
Balance Sheet | ||||||
| Total Assets | 74.84B | 78.99B | 71.16B | 64.17B | 56.84B | 46.43B |
| Cash, Cash Equivalents and Short-Term Investments | 22.84B | 13.66B | 11.17B | 14.49B | 11.45B | 5.84B |
| Total Debt | 5.08B | 5.39B | 4.65B | 4.18B | 5.39B | 5.98B |
| Total Liabilities | 51.42B | 53.75B | 48.79B | 43.84B | 40.09B | 29.88B |
| Stockholders Equity | 23.63B | 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
142.35
Price Trends
96.97
Negative
111.68
Negative
136.18
Negative
Market Momentum
-1.96
Positive
44.19
Neutral
40.51
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 142.35 is above the 20-day moving average (MA) of 96.65, above the 50-day MA of 96.97, and above the 200-day MA of 136.18, indicating a bearish trend. The MACD of -1.96 indicates Positive momentum. The RSI at 44.19 is Neutral, neither overbought nor oversold. The STOCH value of 40.51 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹29.93B | 91.75 | ― | ― | -14.48% | -112.46% | |
65 Neutral | ₹18.91B | 18.32 | ― | 0.48% | 7.70% | 23.63% | |
64 Neutral | ₹43.75B | 19.11 | ― | 0.32% | 3.18% | -14.01% | |
62 Neutral | ₹46.35B | 44.72 | ― | 0.50% | 10.28% | 10.17% | |
62 Neutral | ₹14.70B | 81.87 | ― | ― | 52.39% | 99.89% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
47 Neutral | ₹46.42B | 27.42 | ― | ― | 7.58% | -45.54% |
* Services Sector Average
IN:THOMASCOOK
Thomas Cook (India) Limited
93.40
-73.06
-43.89%
IN:EASEMYTRIP
Easy Trip Planners Ltd.
7.98
-3.08
-27.85%
IN:ITDC
India Tourism Development Corp. Ltd.
547.25
-44.31
-7.49%
IN:MHRIL
Mahindra Holidays & Resorts India Limited
223.35
-136.90
-38.00%
IN:TAJGVK
TAJGVK Hotels & Resorts Ltd.
308.20
-129.11
-29.52%
IN:YATRA
Yatra Online Limited
93.80
-6.22
-6.22%
Thomas Cook (India) Limited Corporate Events
Thomas Cook India Transfers ESOP Shares to Eligible Employees
May 12, 2026
Thomas Cook (India) Limited has approved the transfer of 17,098 equity shares of Re. 1 each from its ESOP Trust to eligible employees following the exercise of options under its EXECOM 2018 and Management 2018 ESOP schemes. The move reflects the c...
Thomas Cook India readies FY26 earnings call investor presentation
May 12, 2026
Thomas Cook (India) Limited has released an investor presentation detailing its financial and business performance for the quarter and full year ended March 31, 2026. The presentation will be discussed during an analyst and investor earnings confe...
Thomas Cook India, SOTC unveil first-of-its-kind visa rejection cover
Apr 20, 2026
Thomas Cook (India) Limited and its group company SOTC Travel have launched a dedicated Trip Cancellation due to Visa Rejection Cover, underwritten by ICICI Lombard, in what they describe as a first-of-its-kind product in India’s travel and ...
Thomas Cook India Resolves Rs 159.5 Million Tax Demand With No Business Impact
Mar 30, 2026
Thomas Cook (India) Limited has received an order from the Office of the Deputy Commissioner of Income Tax, Circle 1(3)(1), Mumbai, resolving a pending tax demand of Rs. 159.5 million related to assessment year 2018-19 under Section 143(3) read wi...
Thomas Cook India Deepens AI Travel Push With Revised JV Agreement
Mar 24, 2026
Thomas Cook (India) Limited has approved a supplemental agreement to its Share Subscription cum Joint Venture Agreement with Atirath Technologies Private Limited to invest in Indian Horizon Marketing Services Limited, the joint venture vehicle. Th...
Thomas Cook India grants 1.37 million stock options under new EXECOM ESOP
Mar 20, 2026
Thomas Cook (India) Limited has approved the grant of 1.37 million stock options to eligible employees under its 2024 EXECOM employee stock option scheme, with each option convertible into one equity share of face value Re 1 at an exercise price o...
Thomas Cook India Subsidiary Clears Composite Scheme to Restructure Group Entities
Mar 20, 2026
Thomas Cook (India) Limited has announced that the board of its wholly owned subsidiary, Sterling Holiday Resorts Limited, has approved a Composite Scheme of Arrangement involving Thomas Cook (India), Sterling Holiday Resorts, TC Visa Services (In...
Thomas Cook India Board to Weigh Capital Restructuring, Closes Trading Window
Mar 18, 2026
Thomas Cook (India) Limited has announced that its Board of Directors will meet on March 20, 2026 to consider and approve a corporate restructuring proposal aimed at streamlining the company’s existing capital structure. The outcome of this ...
Thomas Cook India Transfers 49,196 ESOP Shares to Eligible Employees
Mar 14, 2026
Thomas Cook (India) Limited has approved the transfer of 49,196 equity shares of Re. 1 each from its ESOP Trust, managed by IDBI Trusteeship Services, to eligible employees under its Management 2018 and EXECOM 2018 ESOP schemes following the exerc...
Thomas Cook India shareholders approve special resolutions via postal ballot
Mar 13, 2026
Thomas Cook (India) Limited has announced the results of a postal ballot conducted exclusively through remote e-voting, in compliance with SEBI’s Listing Obligations and Disclosure Requirements Regulations. The company reported that two spec...
Thomas Cook (India) Secures Shareholder Nod for Special Resolutions via Postal Ballot
Mar 13, 2026
Thomas Cook (India) Limited has announced the results of a postal ballot conducted via remote e-voting, in line with SEBI’s listing and disclosure regulations and its earlier intimation to the stock exchanges. The company reported that the s...
Thomas Cook India expands Maharashtra reach with new Kolhapur outlet
Mar 11, 2026
Thomas Cook (India) Limited has expanded its footprint in Maharashtra by opening a new outlet in Kolhapur, taking its presence to two locations in the city and 29 across the state. The move is aimed at capitalising on rising affluence and growing ...
Thomas Cook India Resolves Rs 1,341 Million Tax Demand Without Business Impact
Mar 6, 2026
Thomas Cook (India) Limited has reported receiving an order dated March 6, 2026 from the Office of the Assistant Commissioner of Income Tax, Circle 1(3)(1), Mumbai, relating to a pending tax dispute for assessment year 2017-18 involving a demand o...
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.