Is Thomas Cook (India) Ltd (THOMASCOOK) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Thomas Cook (India) Ltd is a average quality company .

Is Thomas Cook (India) Ltd (THOMASCOOK) undervalued or overvalued?

The key valuation ratios of Thomas Cook (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Thomas Cook (India) Ltd (THOMASCOOK) share price return in the past 10 years?

Thomas Cook (India) Ltd share price has declined -6.1% annually (CAGR) over the past ten years.

Is Thomas Cook (India) Ltd (THOMASCOOK) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Thomas Cook (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Thomas Cook (India) Ltd (THOMASCOOK)?

Company share prices are keep on changing according to the market conditions. The current trading price of Thomas Cook (India) Ltd (THOMASCOOK) on 08-May-2026 16:59:59 at 16:59 is 96.80.

What is the market cap of Thomas Cook (India) Ltd (THOMASCOOK)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-May-2026 at 16:59, the market cap of Thomas Cook (India) stood at Rs. 4553.28 Cr.

What is the P/E ratio of Thomas Cook (India)?

The latest standalone P/E ratio of Thomas Cook (India) as of 08-May-2026 is 39.16.

What is the P/B ratio of Thomas Cook (India) Ltd (THOMASCOOK)?

The latest standalone P/B ratio of Thomas Cook (India) Ltd (THOMASCOOK) as of 08-May-2026 is 2.28.

What is the 52-week high and low of Thomas Cook (India) Ltd (THOMASCOOK)?

The 52-week high of Thomas Cook (India) Ltd (THOMASCOOK) is Rs. 188.45 and the 52-week low is Rs. 86.15.

What is the TTM revenue of Thomas Cook (India) Ltd (THOMASCOOK)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Thomas Cook (India) is Rs. 2198.68 (Cr.).

Thomas Cook (India) Ltd (THOMASCOOK) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Thomas Cook (India) Ltd (THOMASCOOK)
Brand: Thomas Cook (India)

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	3.7%	3.2%	34.9%	4.3%	1.2%	-2%	-5.3%	3%	10.1%	10.7%	-
Value Creation Index ⓘ	-0.7	-0.8	1.6	-0.7	-0.9	-1.1	-1.4	-0.8	-0.3	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,724	1,714	1,903	2,273	2,125	187	286	1,364	1,998	2,074	2,199
Sales YoY Gr.	-	-0.5%	11%	19.4%	-6.5%	-91.2%	52.7%	377.4%	46.5%	3.8%	-
Adj EPS ⓘ	0.1	-0.3	4.3	0.6	0.4	-0.4	-2.1	0.3	1.9	2.2	2.5
YoY Gr.	-	-300%	NA	-86.6%	-38.6%	-211.4%	NA	NA	506.5%	16.5%	-
BVPS (₹) ⓘ	31.2	30.7	45.2	42.1	37.5	37.1	36.3	37.1	38.7	40.7	42.5
Adj Net Profit ⓘ	4.9	-9.6	158	21	13.1	-14.8	-91	14.7	88.3	103	116
Cash Flow from Ops. ⓘ	367	7.4	89.6	132	79.5	-329	7.3	452	453	371	-
Debt/CF from Ops. ⓘ	1	47.9	1.6	0.3	1.1	-0.4	22.7	0.3	0.1	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.1%	-0.5%	93.6%	3.8%
Adj EPS ⓘ	36.9%	44.3%	NA	16.5%
BVPSⓘ	3%	1.7%	3.9%	5%
Share Price	-6.1%	14.9%	13%	-23.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	0.4	-0.8	11.1	1.3	0.9	-0.9	-5	0.8	4.9	5.4	5.9
Op. Profit Mgn % ⓘ	2.2	2.4	1.6	1.8	1.8	-73	-50.8	0.5	3.2	3.3	1.7
Net Profit Mgn % ⓘ	0.3	-0.6	8.3	0.9	0.6	-7.9	-31.8	1.1	4.4	5	5.3
Debt to Equity ⓘ	0.3	0.3	0.1	0	0.1	0.1	0.1	0.1	0	0	-
Working Cap Days ⓘ	121	86	110	117	110	1,168	1,046	347	305	357	262
Cash Conv. Cycle ⓘ	-45	-73	-70	-81	-104	-611	-369	-178	-181	-228	42

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.90%

Sales growth is growing at healthy rate in last 3 years 93.61%

Sales growth is good in last 4 quarters at 14.16%

Net Profit has been subdued in last 3 years 0.00%

	Standalone	Consolidated
TTM EPS (₹)	2.5	5.2
TTM Sales (₹ Cr.)	2,199	8,596
BVPS (₹) ⓘ	42.5	38.6
Reserves (₹ Cr.) ⓘ	1,965	1,767
P/BV ⓘ	2.28	2.51
PE ⓘ	39.16	18.60

From the Market
52 Week Low / High (₹)	86.15 / 188.45
All Time Low / High (₹)	6.07 / 302.90
Market Cap (₹ Cr.)	4,553
Equity (₹ Cr.)	47
Face Value (₹)	1
Industry PE ⓘ	41.6

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,724	1,714	1,903	2,273	2,125	187	286	1,364	1,998	2,074
Operating Expenses ⓘ +	1,685	1,673	1,874	2,233	2,116	325	435	1,393	1,936	2,006
Manufacturing Costs	1,311	1,294	1,460	1,765	1,625	81	202	1,055	1,543	1,568
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	180	176	199	233	237	142	148	174	242	261
Other Costs ⓘ	194	203	215	235	253	101	85	164	151	178
Operating Profit ⓘ	39	41	29	40	9	-138	-149	-29	62	67
Operating Profit Margin (%)	2.2%	2.4%	1.5%	1.7%	0.4%	-73.6%	-52.3%	-2.1%	3.1%	3.2%
Other Income ⓘ +	30	25	40	55	66	131	74	112	153	170
Exceptional Items ⓘ	0	0	534	0	-25	0	-5	-2	0	-3
Interest ⓘ	44	54	46	40	40	21	19	39	41	40
Depreciation ⓘ	17	18	18	20	31	29	24	23	25	30
Profit Before Tax ⓘ	7	-5	538	34	-22	-56	-123	19	149	165
Tax ⓘ	2	3	7	14	3	-42	-41	17	52	58
Profit After Tax	5	-8	531	21	-25	-14	-82	2	97	107
PAT Margin (%)	0.3%	-0.5%	27.9%	0.9%	-1.2%	-7.8%	-28.9%	0.1%	4.8%	5.2%
Adjusted EPS (₹)	0.2	-0.2	14.4	0.6	-0.7	-0.4	-1.9	0.0	2.1	2.3
Dividend Payout Ratio (%)	254.80%	-164.60%	2.60%	66.80%	0%	0%	0%	1,253.90%	29.20%	19.80%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	1,141	1,125	1,672	1,561	1,417	1,403	1,738	1,744	1,835	1,932
Share Capital ⓘ	37	37	37	37	38	38	177	47	47	47
Reserves ⓘ	1,105	1,089	1,635	1,524	1,379	1,365	1,561	1,697	1,788	1,885
Debt +	314	319	80	22	80	111	166	121	46	32
Long Term Debt	293	261	67	14	6	0	37	58	46	32
Short Term Debt	21	58	13	8	74	111	130	63	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	540	444	748	817	748	433	607	1,034	1,400	1,604
Others Liabilities ⓘ	312	386	334	290	239	666	161	347	499	559
Total Liabilities ⓘ	2,307	2,274	2,834	2,690	2,484	2,613	2,672	3,246	3,781	4,127
Fixed Assets
Net Fixed Assets ⓘ +	183	178	185	234	291	259	251	242	298	308
Gross Block	200	210	232	304	389	377	379	393	463	483
Accumulated Depreciation	16	32	48	70	98	117	129	151	165	175
CWIP ⓘ	3	6	1	1	1	0	2	1	5	3
Investments ⓘ	1,224	1,228	1,228	1,080	953	1,027	1,017	980	960	947
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	189	219	367	335	157	64	122	308	350	334
Cash Equivalents	507	447	689	654	679	689	404	426	774	560
Others Assets ⓘ	201	197	364	386	403	574	877	1,289	1,393	1,975
Total Assets ⓘ	2,307	2,274	2,834	2,690	2,484	2,613	2,672	3,246	3,781	4,127

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	367	7	90	132	79	-329	7	452	453	371
PBT ⓘ	7	-5	538	34	-22	-56	-123	19	149	165
Adjustment ⓘ	62	76	-471	54	95	8	22	26	-29	-37
Changes in Working Capital ⓘ	313	-50	141	36	37	-297	110	429	370	286
Tax Paid ⓘ	-15	-13	-118	8	-31	16	-2	-21	-37	-43
Cash Flow From Investing Activity ⓘ +	-139	-116	379	-105	-86	87	-385	-235	-294	-179
Capex	-127	-16	-20	-19	-38	-3	-6	-10	-20	-27
Net Investments	157	-111	-112	-57	-66	238	-73	-71	-328	-266
Others ⓘ	-169	11	511	-29	17	-147	-306	-154	55	113
Cash Flow From Financing Activity ⓘ +	175	-99	-227	-205	-42	476	18	-114	-123	-85
Net Proceeds from Shares ⓘ	2	7	5	5	1	436	2	1	1	3
Net Proceeds from Borrowing ⓘ	0	1	-4	-12	-14	-6	-70	-61	-11	-14
Interest Paid ⓘ	-36	-57	-53	-48	-40	-21	-19	-39	-42	-37
Dividend Paid ⓘ	-14	-14	-14	-14	-14	0	0	-28	-21	-28
Others ⓘ	223	-36	-161	-136	24	67	105	13	-50	-9
Net Cash Flow ⓘ	403	-208	241	-178	-49	234	-359	103	35	106

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	0.47	-0.74	38	1.29	-1.67	-1.03	-5.48	0.09	5.42	5.73
ROCE (%)	3.67	3.2	34.91	4.29	1.19	-2	-5.34	3.03	10.06	10.65
Asset Turnover Ratio	0.78	0.75	0.75	0.82	0.82	0.07	0.11	0.46	0.57	0.52
PAT to CFO Conversion(x)	73.4	N/A	0.17	6.29	N/A	N/A	N/A	226	4.67	3.47
Working Capital Days
Receivable Days	42.90	43.50	56.30	56.40	42.30	215.60	118.80	57.50	60.10	60.20
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

About Thomas Cook (India) Ltd

Thomas Cook (India) (TCIL), set up in 1881, is the leading omnichannel travel company in the country offering a broad spectrum of services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Value Added Services, and Visa Services. It operates leading B2C and B2B brands including Thomas Cook, SOTC, TCI, SITA, Asian Trails, Allied TPro, Australian Tours Management, Desert Adventures, Travel Circle International Limited, Sterling Holiday Resorts Limited, Distant Frontiers, TC Tours, Digiphoto Entertainment Imaging (DEI), Go Vacation, Private Safaris East & South Africa. As one of the largest travel service provider networks headquartered in the Asia-Pacific region, The Thomas Cook India Group spans around many countries across and several continents.

TCIL is also India’s largest non-bank forex service provider, supported by an extensive physical and digital network. Under the Sterling brand, the Company manages a nationwide resort chain focussed on experiential hospitality, while its digital imaging business under DEI delivers tech-enabled photography solutions at major global attractions. Together, these businesses form an integrated platform delivering end-to-end travel and financial solutions.

Business area of the company

The company is a leading integrated travel and financial services company headquartered in India. Backed by the Fairfax Group, TCIL operates across many countries and several continents through a diversified and customer-centric business model. The company offers a comprehensive portfolio across four core verticals: travel and travel related services, foreign exchange, hospitality, and digital imaging.

Products & Services

Holidays
Honeymoon Packages
Foreign Exchange (FOREX)
Meetings, Incentives, Conferences & Exhibitions (MICE)
Gift Cards
Travel Insurance
Flights
Hotels
Travel Blog
Corporate travel

Awards/ Recognitions

2022: CIO100 Award for digital innovation 2022.
2022: CNBC-TV18 & ICICI Lombard India Risk Management Award - Travel & Leisure Category 2022 & 2021
2022: IAMAI India Digital Awards 2022
2022: The Outbound Tour Operator of the Year 2022 at the SATTE Awards
2023: Winner of the Corporate Citizen Award (Travel Tourism & Hospitality) at the Corporate Citizen Conclave & Award 2023
2023: Best Tour Operator at India Travel Awards North 2023
2024: MICE Tour Operator of the Year - Outbound at SATTE 2024
2024: 'Masters of Risk - Travel & Hospitality' at India Risk Management Awards 2024
2024: MICE Travel Agency (Outbound) at the Economic Times MICE & Wedding Tourism Awards 2024
2024: MICE Travel Operator of the Year (2024 & 2023) at The Economic Times Travel & Tourism Annual Awards
2024: Outbound Travel Operator of the Year (2024)
2025: MICE Powerhouse at MaxiiiMICE Awards 2025
2026: ET Edge’s Best Organizations for Women (BOW) 2026

Milestones

1881: Commenced India operations (Mumbai)
1983: Initiated journey as a listed company
2012: Acquisition of 87% stake by Fairbridge in the company
2013: The company acquires 74% stake in Quess Corp (previously IKYA Human Capital Solutions Private Limited)
2014: Announced merger with Sterling Holiday Resorts (India) in a cash and stock deal
2015: Acquired Luxe Asia via its subsidiary Thomas Cook Lanka (Pvt) Ltd.
2015: Acquired Kuoni Group’s Travel operations in India and HK
2017: Completed acquisition of Kuoni’s global DMS network across 22 countries and 5 continents
2017: Concluded acquisition of Forex and Travel businesses of Tata Capital
2018: Quess Corp has been re-classified as an associate company
2018: Thomas Cook India Group approved the acquisition of a 24% strategic stake in TravelJunkie Solutions Private Limited
2019: Its Group acquired a 51% stake in DEI Holdings Limited (DEI)
2019: Completion of Corporate Restructuring process - Demerger of Human Resource Services Business of Thomas Cook (India) Ltd into Quess Corp Ltd on a going concern basis
2019: TCIL acquired the rights to the Thomas Cook Brand in perpetuity for the India, Sri Lanka & Mauritius markets
2019: SOTC celebrates its 70th Anniversary
2020: Agreement to take over the portfolio of dnata Travel India’s Corporate Travel business
2021: Preferential allotment of Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS) to Fairbridge Capital (Mauritius) Limited on a private placement basis
2021: Inaugurated a new Gold Circle Partner franchise outlet in Gandhinagar, Gujarat.
2021: Signed a strategic agreement with the Maldives Marketing and Public Relations Corporation to enhance visibility and visits to the destination.
2021: Expanded its footprint in Maharashtra with the launch of a new Gold Circle Partner franchise outlet in Kolhapur.
2021: Inaugurated its first Gold Circle Partner franchise outlet in Jammu with a focus to leverage the growth potential of the region.
2021: Expanded its footprint in Uttar Pradesh with the launch of a new Gold Circle Partner franchise outlet in Varanasi.
2022: Partnered with Mastercard and HDFC Bank to launch an exciting Dubai Holiday campaign.
2022: Inaugurated a new Gold Circle Partner (franchise) outlet in Ludhiana, Punjab.
2022: Opened Gold Circle Partner (franchise) outlet in the city centre of Ghaziabad to capitalise on the strong and growing potential of the city and region.
2022: Inaugurated a new Gold Circle Partner (franchise) outlet in Vadodara to capitalise on the strong and growing travel opportunity from the region.
2022: Inaugurated a new Gold Circle Partner (franchise) outlet in Agra to capitalise on the strong and growing travel opportunity from the region.
2022: Fairbridge Capital (Mauritius) increased holding in Thomas Cook (India) to 72.34%.
2022: Launched FX-Now - a pioneering digital tool that empowers its corporate segment with convenient, customizable and contactless end-to-end foreign exchange services.
2023: Inaugurated a new Gold Circle Partner (franchise) outlet in Delhi NCR to capitalise on the strong and growing travel opportunity from the region.
2024: Thomas Cook (India) and its Group Company, SOTC Travel, launched a ground-breaking initiative - exclusive charter flights to Paro (Bhutan) from Bengaluru, starting April 2024.
2024: Thomas Cook (India) and its Group Company, SOTC Travel, operated their inaugural charter taking off from Bengaluru to Paro (Bhutan) at 100% capacity.
2024: Thomas Cook (India) and its Group Company, SOTC Travel launched an AI-powered platform to help customers plan their customised holidays, check availability and book in minutes.
2024: Thomas Cook (India) and its Group Company, SOTC Travel entered into exclusive 24-month strategic partnership with Malaysia Aviation Group (Malaysia Airlines).
2024: Inaugurated its new franchise outlet in Gurugram, to tap into the high-growth market of the Delhi-NCR region and surrounding areas.
2025: Signed a memorandum of understanding (MoU) with Georgia National Tourism Administration
2025: Thomas Cook’s wholly owned subsidiary -- Sterling Holiday Resorts launched Sterling Rudraksh Jaisalmer, marking a significant milestone as its 59th resort in its 50th destination.
2025: Inaugurated a new owned-store in the high potential Balewadi region.
2025: Inaugurated a new outlet in the high potential market of Siliguri. The new outlet expands the company’s network to 10 locations in the state of West Bengal.
2025: Expanded its network in Bengaluru with the introduction of foreign exchange services at its outlet in Sahakara Nagar.
2025: Thomas Cook’s wholly owned subsidiary -- Sterling Holiday Resorts launched Sterling GK Exotica, Dehradun, a premium 36-key boutique hotel located in the heart of the city on Saharanpur Road.
2025: Launched its new franchise outlet in the high potential market of Davangere, Karnataka.
20296: Thomas Cook (India) and its group company SOTC Travel entered into a strategic partnership with Booking.com
2026: Launched a unique trip cancellation due to visa rejection cover - a pioneering, groundbreaking insurance solution that safeguards travellers against financial losses arising from visa rejections.

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Thomas Cook (India) Ltd (THOMASCOOK) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Thomas Cook (India) Share Price