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    Consumer Cyclical

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    Travel Services
Thomas Cook (India) Limited

Thomas Cook (India) Limited

THOMASCOOK.BO
Thomas Cook (India) LimitedIN flagBombay Stock Exchange
91.40
INR
-0.46
- -
42.58BMarket Cap
Thomas Cook (India) Limited
THOMASCOOK.BO
(Bombay Stock Exchange)

Recent

price

91.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
18.05
19.59
53.95
94.27
- -
178.14
224.47
284.16
173.64
180.12
19.59
49.37
108.18
155.13
174.74
180.36
180.43
Revenue per Share
2.65
2.37
2.64
3.62
- -
-2.39
1.18
162.52
2.29
-0.02
-6.85
-6.13
0.14
5.57
5.46
4.7
4.7
Basic EPS, GAAP
6.35
4.48
8.42
- -
- -
3.31
4
-11.44
4.77
0.65
-16.1
-5.37
12.74
15.59
12.89
11.1
- -
Free Cash Flow per Basic Share
0.37
0.38
0.39
- -
- -
0.42
0.37
0.37
0.37
0.38
- -
- -
0.61
0.45
0.71
- -
- -
Dividend per Share
9.48
11.15
11.91
- -
11.65
5.94
5.25
180.3
171.51
-21.18
-27.72
-34.07
-27.7
-21.59
-16.81
1.01
1.01
Book Value per Share
10.79
13.07
14.68
- -
25.17
3.11
3.16
209.6
210.08
12.55
19.28
8.31
9.09
15.99
19.47
23.91
23.92
Tangible Book Value per Share
212
213
236
252
253
326
366
367
371
371
371
374
458
465
466
466
465
Basic Weighted Avg Shares
3,825
4,167
12,716
23,739
- -
58,043
82,265
104,351
64,336
66,803
7,265
18,471
49,524
72,120
81,396
83,982
83,982
Sales/Revenue/Turnover
25.13
25.32
10.36
8.17
- -
2.42
3.28
2.59
1.11
0.54
-66.56
-15.88
2.37
4.7
4.11
3.25
3.25
Operating Margin (%)
139
142
176
233
- -
606
915
1,367
672
1,506
1,480
1,287
1,240
1,276
1,419
1,595
1,595
Depreciation Expense
562
504
622
912
- -
-779
434
59,680
848
-7
-2,541
-2,292
65
2,590
2,543
2,188
2,188
Net Income, GAAP
30.26
34.57
32.79
31.57
- -
6,412.94
56.65
- -
19.45
- -
- -
- -
61.36
21.4
32.71
33.79
33.79
Effective Tax Rate (%)
14.7
12.1
4.89
3.84
- -
-1.34
0.53
57.19
1.32
-0.01
-34.98
-12.41
0.13
3.59
3.12
2.61
2.61
Profit Margin (%)
1,289
1,539
2,617
- -
4,548
893
1,907
773
-625
-3,416
-3,035
-6,331
-5,984
-4,893
-2,979
-6,289
-6,289
Working Capital
18
25
1,047
- -
1,047
5,687
7,376
2,310
2,411
3,709
2,367
2,301
2,378
2,549
2,706
2,516
2,516
LT Debt
3,923
4,384
7,348
- -
13,936
13,505
22,701
86,845
89,556
16,944
19,160
16,550
16,747
20,324
22,367
25,236
25,236
Total Equity
11.72
11.39
11.77
29.66
- -
-451.84
4.11
- -
0.64
- -
- -
- -
2.03
11.31
8.6
6.2
6.2
Return on Invested Capital (%)
21.09
14.86
16.6
52.64
- -
-375.08
2.63
- -
1.5
- -
- -
- -
-2.97
-42.67
-66.81
251.55
251.55
Return on Capital (%)
46.9
23.03
24.02
64.92
- -
-31.87
22.5
175.19
1.31
- -
- -
- -
- -
- -
- -
- -
537.07
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
2,394
- -
2,878
LT Borrowings
753
- -
549
LT Finance Leases
1,938
- -
1,967
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
466
- -
473
Market Capitalization
73,131
69,214
41,682

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
36,564
- -
37,528
Cash, Cash Equivalents & STI
22,841
- -
24,138
Accounts Receivable, Net
8,089
- -
6,626
Inventories
377
- -
498
Total Current Liabilities
41,626
- -
43,817
Payables & Accruals
- -
- -
- -
ST Debt
2,394
- -
2,878
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.76%
6.36%
12.83%
Free Cash Flow
-361.63%
-92.69%
-13.86%
Net Income, GAAP
5,379.78%
756.27%
-13.95%
Sales/Revenue/Turnover
32.9%
76.81%
3.18%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
18,990
18,434
18,931
15,765
72,120
2025
21,059
20,038
20,610
19,689
81,396
2026
24,080
20,738
21,457
17,707
83,982

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.57
1.01
1.77
- -
5.57
2025
1.62
1.39
1.06
1.39
5.46
2026
1.55
1.42
0.9
0.83
4.7

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.45
2025
- -
- -
- -
- -
0.71
2026
- -
- -
- -
- -
- -
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Business
Thomas Cook (India) Limited (TCIL) is India's leading integrated travel services company, headquartered in Mumbai and founded in 1881, offering a comprehensive portfolio of leisure and corporate travel solutions; foreign exchange services; MICE (Meetings, Incentives, Conferences, and Exhibitions); visa and passport processing; travel insurance; and value-added services including customized holidays, group tours, and destination management. The company operates through prominent brands such as Thomas Cook, SOTC Travel, Travel Corporation of India (TCI, encompassing SITA and Distant Frontiers), Sterling Holiday Resorts, and international subsidiaries like Asian Tours Management, Allied TPro, Desert Adventures, and Travel Circle International; it serves B2C and B2B customers across leisure, corporate, and incentive travel segments with an extensive network spanning India, Sri Lanka, Mauritius, and 28 countries over five continents. As a subsidiary of Fairbridge Capital (Mauritius) Limited, which holds a majority stake on behalf of Fairfax Financial Holdings Limited, TCIL maintains over 233 locations in 94 cities and provides omnichannel access via its website, mobile apps, and physical outlets. Recent developments include the expansion of its China holiday portfolio in November 2025 alongside SOTC Travel, introducing new regions and experiences amid resumed direct flights and eased visas to capitalize on surging Indian outbound demand; the launch of TC Pay, a mobile-first forex app for seamless card reloading and transactions; a strategic partnership with Muthoot Group in June 2025 to enhance nationwide payments solutions; and a minor equity investment of INR 6 lakh in its wholly-owned subsidiary Indian Horizon Marketing Services via rights issue, alongside ongoing recognition such as MICE Tour Operator of the Year at SATTE 2024 and reaffirmed CRISIL AA-/Positive long-term ratings.