Thomas Cook (India) Ltd - Stock Valuation and Financial Performance

BSE: 500413 | NSE: THOMASCOOK | Travel Services | Small Cap

Thomas Cook (India) Share Price

167.40 6.65 4.14%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Thomas Cook (India)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Thomas Cook (India) stock performance -

mw4me loader
P/E Ratio (SA):
93.45
Market Cap:
7,561.4 Cr.
52-wk low:
52.5
52-wk high:
189.9

Is Thomas Cook (India) Ltd an attractive stock to invest in?

1. Is Thomas Cook (India) Ltd 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.

2. Is Thomas Cook (India) Ltd 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 Fair zone.

3. Is Thomas Cook (India) Ltd 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.

10 Year X-Ray of Thomas Cook (India):

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Thomas Cook (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.8%6.7%2.6%1.9%11.4%2.8%2.6%0%-4%2.2%-
Value Creation
Index
-0.3-0.5-0.8-0.9-0.2-0.8-0.8NA-1.3-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3704011,7241,7141,9032,2732,1251872861,3642,074
Sales YoY Gr.-8.4%330.1%-0.5%11%19.4%-6.5%-91.2%52.7%377.4%-
Adj EPS 1.910.1-0.34.30.60.4-0.4-2.10.31.7
YoY Gr.--46%-87%-300%NA-86.6%-38.6%-211.4%NANA-
BVPS (₹) 24.633.131.230.745.242.137.537.136.337.139
Adj Net
Profit
45.727.34.9-9.61582113.1-14.8-9114.781
Cash Flow from Ops. 1771193677.489.613279.5-3297.3452-
Debt/CF from Ops. 0.71147.91.60.31.1-0.422.70.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.6%-6.5%-13.7%377.4%
Adj EPS -18%-40.8%-4%NA
BVPS4.7%-3.9%-0.4%2.2%
Share Price 6.5% -7.4% 50.6% 215.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.13.90.4-0.811.11.30.9-0.9-50.84.5
Op. Profit
Mgn %
27.919.52.22.41.61.81.8-73-50.80.52.2
Net Profit
Mgn %
12.46.80.3-0.68.30.90.6-7.9-31.81.13.9
Debt to
Equity
0.20.10.30.30.100.10.10.10.1-
Working Cap
Days
606498121861101171101,1681,046347215
Cash Conv.
Cycle
-105-102-45-73-70-81-104-611-369-17841

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.50%

Sales growth is good in last 4 quarters at 146.80%

Sales growth has been subdued in last 3 years -13.73%

Net Profit has been subdued in last 3 years -3.96%

Latest Financials - Thomas Cook (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 1.7 4.2
TTM Sales (₹ Cr.) 2,074 6,949
BVPS (₹.) 39 29.3
Reserves (₹ Cr.) 1,789 1,329
P/BV 4.12 5.50
PE 93.45 38.70
From the Market
52 Week Low / High (₹) 52.45 / 189.85
All Time Low / High (₹) 6.07 / 302.90
Market Cap (₹ Cr.) 7,561
Equity (₹ Cr.) 47
Face Value (₹) 1
Industry PE 64.6

Management X-Ray of Thomas Cook (India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Thomas Cook (India)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3705011,7241,7141,9032,2732,1251872861,364
Operating Expenses 2674041,6851,6731,8742,2332,1163254351,393
Manufacturing Costs17251,3111,2941,4601,7651,625812021,055
Material Costs0000000000
Employee Cost 147216180176199233237142148174
Other Costs 10316419420321523525310185164
Operating Profit 10297394129409-138-149-29
Operating Profit Margin (%) 27.7%19.3%2.2%2.4%1.5%1.7%0.4%-73.6%-52.3%-2.1%
Other Income 615302540556613174112
Interest 26484454464040211939
Depreciation 11151718182031292423
Exceptional Items 00005340-250-5-2
Profit Before Tax 70497-553834-22-56-12319
Tax 2415237143-42-4117
Profit After Tax 46335-853121-25-14-822
PAT Margin (%) 12.5%6.6%0.3%-0.5%27.9%0.9%-1.2%-7.7%-28.9%0.1%
Adjusted EPS (₹)1.91.20.2-0.214.40.6-0.7-0.4-1.90.0
Dividend Payout Ratio (%)20%41%255%-165%3%67%0%0%0%1,254%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6091,1331,1411,1251,6721,5611,4171,4031,7381,744
Share Capital 253237373737383817747
Reserves 5841,1011,1051,0891,6351,5241,3791,3651,5611,697
Minority Interest0000000000
Debt114152314319802280111166121
Long Term Debt1011012932616714603758
Short Term Debt135021581387411113063
Trade Payables1902115404447488177484336071,034
Others Liabilities 457643312386334290239666161347
Total Liabilities 1,3702,1382,3072,2742,8342,6902,4842,6132,6723,246

Fixed Assets

Gross Block147156200210232304389377379393
Accumulated Depreciation84931632487098117129151
Net Fixed Assets6363183178185234291259251242
CWIP 4136111021
Investments 5931,1581,2241,2281,2281,0809531,0271,017980
Inventories0000000000
Trade Receivables17621618921936733515764122308
Cash Equivalents 93164507447689654679689404426
Others Assets4415352011973643864035748771,289
Total Assets 1,3702,1382,3072,2742,8342,6902,4842,6132,6723,246

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 17714936779013279-3297452
PBT 70497-553834-22-56-12319
Adjustment 40676276-471549582226
Changes in Working Capital 8653313-501413637-297110428
Tax Paid -20-19-15-13-1188-3116-2-21
Cash Flow From Investing Activity -327-599-139-116379-105-8687-385-235
Capex -9-24-127-16-20-19-38-3-6-10
Net Investments -62-1157-111-112-57-66238-73-71
Others -256-575-16911511-2917-147-306-154
Cash Flow From Financing Activity 76489175-99-227-205-4247618-114
Net Proceeds from Shares 17882755143621
Net Proceeds from Borrowing -1001-4-12-14-6-70-61
Interest Paid -21-44-36-57-53-48-40-21-19-39
Dividend Paid -9-10-14-14-14-14-1400-28
Others -71535223-36-161-136246710513
Net Cash Flow -7539403-208241-178-49234-359103
PARTICULARSDec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.183.820.47-0.74381.29-1.67-1.03-5.480.09
ROCE (%)14.749.573.673.234.914.291.19-2-5.343.03
Asset Turnover Ratio0.30.290.780.750.750.820.820.070.110.46
PAT to CFO Conversion(x)3.854.5273.4N/A0.176.29N/AN/AN/A226
Working Capital Days
Receivable Days178143434356564221611958
Inventory Days0000000000
Payable Days0000000000

Thomas Cook (India) Ltd Stock News

Thomas Cook (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Thomas Cook (India) on 28-Mar-2024 16:01 is ₹167.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Thomas Cook (India) stood at ₹7,561.4.
The latest P/E ratio of Thomas Cook (India) as of 28-Mar-2024 16:01 is 93.45.
The latest P/B ratio of Thomas Cook (India) as of 28-Mar-2024 16:01 is 4.12.
The 52-week high of Thomas Cook (India) is ₹189.8 and the 52-week low is ₹52.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Thomas Cook (India) is ₹2,074 ( Cr.) .

About Thomas Cook (India) Ltd

Thomas Cook India (TCIL) is India’s largest travel and financial services company. The Company launched its Indian operation in 1881.

Currently, it has presence in 55 cities spreading across 200 locations. On pan India level, the company has office located at Mumbai, Pune, New Delhi, Gurgaon, Chandigarh, Agra, Ahmedabad, Bangalore, Baroda, Bhubhaneshwar, Chennai, Cochin, Goa, Hyderabad, Jaipur, Jalandhar, Kolkata, Trivandrum and Vishakapatnam.

With 125 year of presence in India TCIL is focused on providing a broad spectrum of travel-related services that include foreign exchange, corporate travel, leisure travel, and insurance.

The company’s overseas subsidiaries offices are located at Sri Lanka, Mauritius, Germany, France, Spain, Canada, UK, USA, Australia, Japan, Korea and China.

The company has employee strength of 3000 people.

Business division

Travel- The company provides different travelling destinations for domestic inbound/ outbound holidays. The company operates over 40 Group Inclusive Tours (GIT) spread across 5 continents.

Corporate Travel Management- The Company provides travel solutions and travel budgets of several large national and multinational companies  

Foreign Exchange- The company is leading foreign exchange provider offering wide range of product and services.

Travel Insurance- Being the only travel company that has license to sell insurance co-brand travel insurance products with TATA AIG General Insurance Company.

Awards

The company received Golden Peacock Award for Excellence in Corporate Governance 2006.

TCIL was awarded Best Technology Award, 2005 by Galileo Express Travel and Tourism Award for Best Technology Programme.

Outlook

The company has entered into tie up with with cruise line operator Indian Ocean Cruises of London based Foresight Smart Ventures in order to market heritage cruise Ms Ocean Odyssey in India and Mauritius.

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