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← CockpitCompetitor Analysis › THOMASCOOK.NS Thomas Cook (India) LimitedOpen in the cockpit ↗

Thomas Cook (India) LimitedTHOMASCOOK.NSCompetitor analysis, valuation and peers

India · INR·Consumer & Retail›Other Consumer Services
Momentum neutral 55
Mkt cap
$499M
US dollars, full cap
Free float
35%
of shares outstanding
$/day
$917,210
20-day average traded
Fwd P/E
23.1×
forward earnings
ROIC−WACC
-5.4 pp
WACC 13.9%
Hurdle
-46 pp
Req g minus delivered
Next earnings
90 days
4 Feb 2027
Close · INR₹100.28
1D+5.4%
1W+17.3%
1M-0.3%
3M-5.5%
6M+0.6%
YTD-32.6%
1Y-38.6%
ATR %4.4%
Beta1.30
52w lowhigh39.4% off high

What Thomas Cook (India) does

Employees: 2,483

Thomas Cook (India) at a glance

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).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026THOMASCOOK.NS 104Peer median 94
Six months, rebased to 100: Thomas Cook (India) against the median of its 20 peers (local-currency closes).

Thomas Cook (India) financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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 flown/a₹5.46B₹5.87B₹6.82B₹5.13B
Capital expendituren/a₹1.26B₹1.17B₹1.04B₹656M
Total debt₹5.86B₹5.39B₹4.65B₹4.18B₹5.39B

Quarterly statements and history in the cockpit →

Thomas Cook (India) competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%+60%-10%0%+10%9603WJP002786RBW0008895530GYM000978CSVIELMHRIL708500205900080230024797331851EDR3496THOMASCOOK.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Thomas Cook (India) is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%+30%10×20×30×WJPRBWGYMCSV2373IELMHRIL70859733EDR3496THOMASCOOK.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Thomas Cook (India) is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%+60%0%25%50%9603WJP002786RBWGYM000978CSV2373MHRIL7085000802300247EDR3496THOMASCOOK.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Thomas Cook (India) is the large dot.

Thomas Cook (India) competitors and peer comparison

How Thomas Cook (India) compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Thomas Cook (India) against its 20 peers (data as of 6 Nov 2026)
MeasureTHOMASCOOK.NSPeer medianRank 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 margin2.6%11.5%6th lowest of 21
Forward P/E23.1×15.5×3rd 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 pp2nd least demanding of 18
ROIC minus cost of capital-5.4 pp+1.3 pp5th lowest of 20
Net debt / EBITDA-1.9×1.0×2nd least indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Thomas Cook (India) THOMASCOOK.NSIndia$499M+1%-7%3%23.1×13.8%+60.2%
H.I.S.Co 9603.TJapan$492M0%+4%3%n/a-1.9%-2.8%
Vicom WJP.SISingapore$489M-1%+29%34%21.7×-8.4%+14.1%
Shenzhen Silver Basis Technology 002786.SZChina$483M-17%+1%1%n/a29.9%-6.6%
Rainbow Tours RBW.WAPoland$458M-8%+11%6%9.0×-10.6%+60.0%
ZJBC Information Technology 000889.SZChina$447M-28%-5%0%n/an/an/a
Lungyen Life Service 5530.TWOTaiwan$565M+1%-17%20%n/an/an/a
Gym GYM.LUnited Kingdom$436M+1%+9%13%35.6×11.7%+24.9%
Guilin Tourism 000978.SZChina$431M-8%+2%-6%n/a33.7%+12.6%
Carriage Services CSVUnited States$426M-41%+1%23%8.3×-4.3%+4.9%
Beauty Farm Medical & Health Industry 2373.HKHong Kong$585M-9%+23%16%8.7×-16.4%+14.0%
IDP Education IEL.AXAustralia$424M-19%-10%12%12.2×-3.0%+8.5%
Mahindra Holidays & Resorts India MHRIL.NSIndia$422M-18%+7%6%16.7×30.5%+12.0%
Curves 7085.TJapan$601M+27%+16%18%16.7×-0.7%+11.9%
Yunnan Tourism 002059.SZChina$606M-19%-24%-62%n/an/an/a
Beijing Jingxi Culture and Tourism 000802.SZChina$409M-12%-60%-62%n/a10.6%-4.8%
Youngy Health 300247.SZChina$409M-21%+2%19%n/a5.7%+12.8%
Nagase Brothers 9733.TJapan$404M-5%+8%9%12.0×-8.3%+7.0%
China Gingko Education 1851.HKHong Kong$629M+56%+14%38%n/a5.9%+16.9%
eDreams ODIGEO EDR.MCSpain$637M+59%-3%12%15.5×2.9%+44.2%
Azoom 3496.TJapan$385M+21%+26%19%27.5×-1.0%+28.7%

Questions

Which companies are Thomas Cook (India)'s closest peers?
The cockpit's peer set: H.I.S.Co (9603.T), Vicom (WJP.SI), Shenzhen Silver Basis Technology (002786.SZ), Rainbow Tours (RBW.WA), ZJBC Information Technology (000889.SZ), Lungyen Life Service (5530.TWO), Gym (GYM.L), Guilin Tourism (000978.SZ).
Is Thomas Cook (India) expensive compared with its peers?
On forward p/e it trades at 23.1× against a peer median of 15.5×, 3rd most expensive of 12 in its peer set. 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.
How has Thomas Cook (India) stock performed?
Over six months to 6 Nov 2026 the shares returned +0.6% against -8.1% for the median peer; over one year -38.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.