Employees: 2,483
Size Thomas Cook (India) (THOMASCOOK.NS) is an India Consumer Discretionary company (Other Consumer Services) with a market value of $499M, the 844th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹100.28 on 6 Nov 2026.
Performance Over six months the shares gained 0.6%, against -8.1% for the median peer and 0.0% for the India market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 6.6% over the last twelve months (peer median +3.0%); the operating margin is 2.6% (peer median 11.5%).
Valuation It trades at 23.1× forward earnings against a peer median of 15.5× (3rd most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +60%, so the hurdle is -46 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.4 points below its cost of capital (13.9% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹79.5B | ₹84.0B | ₹81.4B | ₹73.0B | ₹50.5B |
| Revenue growth | — | +3% | +12% | +45% | — |
| Gross profit | ₹9.22B | ₹9.02B | ₹9.21B | ₹8.58B | ₹5.19B |
| EBITDA | ₹3.79B | ₹4.76B | ₹4.85B | ₹4.53B | ₹2.28B |
| Net income | ₹2.04B | ₹2.19B | ₹2.54B | ₹2.59B | ₹64.6M |
| Free cash flow | n/a | ₹5.46B | ₹5.87B | ₹6.82B | ₹5.13B |
| Capital expenditure | n/a | ₹1.26B | ₹1.17B | ₹1.04B | ₹656M |
| Total debt | ₹5.86B | ₹5.39B | ₹4.65B | ₹4.18B | ₹5.39B |
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| Measure | THOMASCOOK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.3% | -0.4% | 11th highest of 21 |
| 6-month return | +0.6% | -8.1% | 7th highest of 21 |
| Distance from 52-week high | -39.4% | -32.9% | 10th lowest of 21 |
| Revenue growth (TTM) | -6.6% | +3.0% | 5th lowest of 21 |
| Operating margin | 2.6% | 11.5% | 6th lowest of 21 |
| Forward P/E | 23.1× | 15.5× | 3rd most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 13.8% | -0.7% | 4th most demanding of 18 |
| Growth delivered (Del g) | +60.2% | +12.6% | highest of 18 |
| Hurdle (Req g minus delivered) | -46.4 pp | -11.6 pp | 2nd least demanding of 18 |
| ROIC minus cost of capital | -5.4 pp | +1.3 pp | 5th lowest of 20 |
| Net debt / EBITDA | -1.9× | 1.0× | 2nd least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Thomas Cook (India) THOMASCOOK.NS | India | $499M | +1% | -7% | 3% | 23.1× | 13.8% | +60.2% |
| H.I.S.Co 9603.T | Japan | $492M | 0% | +4% | 3% | n/a | -1.9% | -2.8% |
| Vicom WJP.SI | Singapore | $489M | -1% | +29% | 34% | 21.7× | -8.4% | +14.1% |
| Shenzhen Silver Basis Technology 002786.SZ | China | $483M | -17% | +1% | 1% | n/a | 29.9% | -6.6% |
| Rainbow Tours RBW.WA | Poland | $458M | -8% | +11% | 6% | 9.0× | -10.6% | +60.0% |
| ZJBC Information Technology 000889.SZ | China | $447M | -28% | -5% | 0% | n/a | n/a | n/a |
| Lungyen Life Service 5530.TWO | Taiwan | $565M | +1% | -17% | 20% | n/a | n/a | n/a |
| Gym GYM.L | United Kingdom | $436M | +1% | +9% | 13% | 35.6× | 11.7% | +24.9% |
| Guilin Tourism 000978.SZ | China | $431M | -8% | +2% | -6% | n/a | 33.7% | +12.6% |
| Carriage Services CSV | United States | $426M | -41% | +1% | 23% | 8.3× | -4.3% | +4.9% |
| Beauty Farm Medical & Health Industry 2373.HK | Hong Kong | $585M | -9% | +23% | 16% | 8.7× | -16.4% | +14.0% |
| IDP Education IEL.AX | Australia | $424M | -19% | -10% | 12% | 12.2× | -3.0% | +8.5% |
| Mahindra Holidays & Resorts India MHRIL.NS | India | $422M | -18% | +7% | 6% | 16.7× | 30.5% | +12.0% |
| Curves 7085.T | Japan | $601M | +27% | +16% | 18% | 16.7× | -0.7% | +11.9% |
| Yunnan Tourism 002059.SZ | China | $606M | -19% | -24% | -62% | n/a | n/a | n/a |
| Beijing Jingxi Culture and Tourism 000802.SZ | China | $409M | -12% | -60% | -62% | n/a | 10.6% | -4.8% |
| Youngy Health 300247.SZ | China | $409M | -21% | +2% | 19% | n/a | 5.7% | +12.8% |
| Nagase Brothers 9733.T | Japan | $404M | -5% | +8% | 9% | 12.0× | -8.3% | +7.0% |
| China Gingko Education 1851.HK | Hong Kong | $629M | +56% | +14% | 38% | n/a | 5.9% | +16.9% |
| eDreams ODIGEO EDR.MC | Spain | $637M | +59% | -3% | 12% | 15.5× | 2.9% | +44.2% |
| Azoom 3496.T | Japan | $385M | +21% | +26% | 19% | 27.5× | -1.0% | +28.7% |