Thomas Cook (India) Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2025, 9:00 pm

Market Cap	6,362 Cr.
Current Price	135
High / Low	264/118
Stock P/E	26.0
Book Value	45.5
Dividend Yield	0.30 %
ROCE	19.1 %
ROE	13.8 %
Face Value	1.00
PEG Ratio	0.39

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Thomas Cook (India) Ltd

Competitors of Thomas Cook (India) Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Growington Ventures India Ltd	44.0 Cr.	2.74	6.87/2.12	20.1	1.21	0.00 %	11.7 %	6.36 %	1.00
Easy Trip Planners Ltd	4,324 Cr.	12.2	23.9/10.8	29.0	1.88	0.41 %	40.1 %	29.3 %	1.00
Autoriders International Ltd	20.3 Cr.	350	350/59.4	3.73	629	0.14 %	24.0 %	33.7 %	10.0
Thomas Cook (India) Ltd	6,362 Cr.	135	264/118	26.0	45.5	0.30 %	19.1 %	13.8 %	1.00
Indian Railway Catering & Tourism Corporation Ltd (IRCTC)	58,188 Cr.	727	1,148/656	47.2	44.0	0.96 %	53.8 %	40.4 %	2.00
Industry Average	21,274.50 Cr	269.82		26.97	126.05	0.34%	29.95%	25.78%	2.67

All Competitor Stocks of Thomas Cook (India) Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	748	522	976	1,222	1,536	1,313	1,899	1,843	1,893	1,664	2,106	2,004	2,061
Expenses	737	530	940	1,180	1,472	1,277	1,775	1,741	1,777	1,573	1,970	1,879	1,945
Operating Profit	11	-8	36	42	64	36	124	103	116	91	136	125	116
OPM %	1%	-1%	4%	3%	4%	3%	7%	6%	6%	5%	6%	6%	6%
Other Income	2	4	12	13	26	11	33	28	48	29	28	43	18
Interest	16	17	20	19	28	23	26	23	24	26	22	24	26
Depreciation	33	31	30	31	32	30	30	31	33	33	34	35	37
Profit before tax	-36	-52	-2	5	30	-6	101	77	107	61	109	110	71
Tax %	-33%	-1%	153%	100%	12%	74%	28%	32%	16%	7%	33%	35%	35%
Net Profit	-25	-50	-6	0	27	-10	71	51	91	58	73	72	47
EPS in Rs	-0.61	-1.10	-0.12	0.02	0.39	-0.15	1.55	1.00	1.75	1.20	1.60	1.38	1.05

Last Updated: February 28, 2025, 4:36 pm

Below is a detailed analysis of the quarterly data for Thomas Cook (India) Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹2,061.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,004.00 Cr. (Sep 2024) to ₹2,061.00 Cr., marking an increase of 57.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1,945.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,879.00 Cr. (Sep 2024) to ₹1,945.00 Cr., marking an increase of 66.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹116.00 Cr.. The value appears to be declining and may need further review. It has decreased from 125.00 Cr. (Sep 2024) to ₹116.00 Cr., marking a decrease of 9.00 Cr..
For OPM %, as of Dec 2024, the value is 6.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 6.00%.
For Other Income, as of Dec 2024, the value is ₹18.00 Cr.. The value appears to be declining and may need further review. It has decreased from 43.00 Cr. (Sep 2024) to ₹18.00 Cr., marking a decrease of 25.00 Cr..
For Interest, as of Dec 2024, the value is ₹26.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 24.00 Cr. (Sep 2024) to ₹26.00 Cr., marking an increase of 2.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹37.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 35.00 Cr. (Sep 2024) to ₹37.00 Cr., marking an increase of 2.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹71.00 Cr.. The value appears to be declining and may need further review. It has decreased from 110.00 Cr. (Sep 2024) to ₹71.00 Cr., marking a decrease of 39.00 Cr..
For Tax %, as of Dec 2024, the value is 35.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 35.00%.
For Net Profit, as of Dec 2024, the value is ₹47.00 Cr.. The value appears to be declining and may need further review. It has decreased from 72.00 Cr. (Sep 2024) to ₹47.00 Cr., marking a decrease of 25.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 1.05. The value appears to be declining and may need further review. It has decreased from 1.38 (Sep 2024) to 1.05, marking a decrease of 0.33.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:35 pm

Metric	Dec 2012	Dec 2013	Mar 2015n n 15m	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	430	1,287	3,244	6,094	8,762	11,248	6,603	6,833	795	1,888	5,048	7,299	7,835
Expenses	317	1,140	3,001	5,910	8,425	10,876	6,520	6,726	1,147	2,075	4,870	6,862	7,367
Operating Profit	113	147	243	184	338	372	83	107	-352	-187	178	437	468
OPM %	26%	11%	7%	3%	4%	3%	1%	2%	-44%	-10%	4%	6%	6%
Other Income	9	6	41	-31	84	6,005	168	76	146	55	62	134	119
Interest	31	34	71	92	132	149	73	101	62	62	89	99	98
Depreciation	14	18	41	61	91	137	67	151	148	129	124	128	138
Profit before tax	77	102	171	1	199	6,091	110	-69	-416	-322	27	345	351
Tax %	35%	33%	34%	6,392%	57%	-1%	19%	-74%	-29%	-21%	61%	21%
Net Profit	50	69	112	-59	86	6,131	89	-18	-295	-254	10	271	251
EPS in Rs	2.37	2.51	3.31	-2.13	1.18	161.21	2.29	-0.02	-6.72	-5.18	0.14	5.50	5.23
Dividend Payout %	16%	0%	15%	-18%	32%	0%	16%	0%	0%	0%	291%	11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	245.76%	7029.07%	-98.55%	-120.22%	-1538.89%	13.90%	103.94%	2610.00%
Change in YoY Net Profit Growth (%)	0.00%	6783.31%	-7127.62%	-21.68%	-1418.66%	1552.79%	90.04%	2506.06%

Thomas Cook (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	19%
5 Years:	2%
3 Years:	109%
TTM:	13%

Compounded Profit Growth
10 Years:	15%
5 Years:	25%
3 Years:	45%
TTM:	26%

Stock Price CAGR
10 Years:	3%
5 Years:	39%
3 Years:	23%
1 Year:	-20%

Return on Equity
10 Years:	-22%
5 Years:	-2%
3 Years:	1%
Last Year:	14%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:42 pm

Month	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	21	25	27	37	37	37	37	38	38	44	47	47	47
Reserves	417	663	1,302	1,211	1,950	8,634	8,856	1,627	1,891	1,651	1,666	2,010	2,094
Borrowings	188	182	380	1,042	1,404	425	361	762	612	598	539	418	486
Other Liabilities	330	653	1,417	2,609	3,575	3,000	3,753	3,066	2,194	2,321	3,404	3,889	4,514
Total Liabilities	955	1,523	3,126	4,899	6,965	12,096	13,008	5,492	4,736	4,615	5,657	6,364	7,141
Fixed Assets	244	475	1,200	1,903	2,843	1,723	2,403	2,707	2,628	2,580	2,576	2,770	2,861
CWIP	3	5	97	53	56	13	7	12	6	14	26	60	8
Investments	110	208	340	134	219	7,398	7,417	100	130	129	106	134	126
Other Assets	598	835	1,489	2,810	3,847	2,962	3,180	2,673	1,971	1,892	2,948	3,400	4,146
Total Assets	955	1,523	3,126	4,899	6,965	12,096	13,008	5,492	4,736	4,615	5,657	6,364	7,141

Below is a detailed analysis of the balance sheet data for Thomas Cook (India) Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹47.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 47.00 Cr..
For Reserves, as of Sep 2024, the value is ₹2,094.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,010.00 Cr. (Mar 2024) to ₹2,094.00 Cr., marking an increase of 84.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹486.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 418.00 Cr. (Mar 2024) to ₹486.00 Cr., marking an increase of 68.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹4,514.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,889.00 Cr. (Mar 2024) to ₹4,514.00 Cr., marking an increase of 625.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹7,141.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,364.00 Cr. (Mar 2024) to ₹7,141.00 Cr., marking an increase of 777.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹2,861.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,770.00 Cr. (Mar 2024) to ₹2,861.00 Cr., marking an increase of 91.00 Cr..
For CWIP, as of Sep 2024, the value is ₹8.00 Cr.. The value appears to be declining and may need further review. It has decreased from 60.00 Cr. (Mar 2024) to ₹8.00 Cr., marking a decrease of 52.00 Cr..
For Investments, as of Sep 2024, the value is ₹126.00 Cr.. The value appears to be declining and may need further review. It has decreased from 134.00 Cr. (Mar 2024) to ₹126.00 Cr., marking a decrease of 8.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹4,146.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,400.00 Cr. (Mar 2024) to ₹4,146.00 Cr., marking an increase of 746.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹7,141.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,364.00 Cr. (Mar 2024) to ₹7,141.00 Cr., marking an increase of 777.00 Cr..

Notably, the Reserves (₹2,094.00 Cr.) exceed the Borrowings (486.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	115	219	131	383	273	-244	253	120	-581	-139	649	829
Cash from Investing Activity +	-103	-366	-607	-165	-253	-458	-263	-184	351	-123	-179	-437
Cash from Financing Activity +	-76	88	565	548	161	477	-167	-170	335	-85	-230	-291
Net Cash Flow	-65	-59	89	766	181	-225	-178	-234	105	-347	239	101

Free Cash Flow

Month	Dec 2012	Dec 2013	Mar 2015n n 15m	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-75.00	-35.00	243.00	183.00	337.00	-53.00	-278.00	-655.00	-964.00	-785.00	-361.00	19.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	179	94	73	50	42	28	46	25	59	45	41	32
Inventory Days
Days Payable
Cash Conversion Cycle	179	94	73	50	42	28	46	25	59	45	41	32
Working Capital Days	17	-9	16	-39	-29	-36	-63	-62	-368	-164	-80	-81
ROCE %	18%	18%	17%	9%	10%	6%	2%	1%	-14%	-11%	5%	19%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	70.58%	72.34%	72.34%	72.34%	72.34%	72.34%	72.34%	63.83%	63.83%	63.83%	63.83%	63.83%
FIIs	0.41%	0.36%	0.45%	0.48%	0.51%	0.47%	0.57%	1.83%	2.29%	3.16%	3.58%	4.38%
DIIs	9.88%	9.11%	9.21%	9.17%	9.20%	9.02%	8.14%	9.26%	8.64%	9.10%	9.84%	9.48%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.08%	0.07%	0.08%	0.09%
Public	17.64%	16.79%	16.62%	16.63%	16.63%	16.85%	17.74%	23.88%	24.07%	22.76%	21.64%	21.21%
Others	1.50%	1.40%	1.38%	1.38%	1.33%	1.33%	1.21%	1.11%	1.08%	1.06%	1.03%	1.00%
No. of Shareholders	90,995	88,779	84,699	83,456	79,766	77,943	77,928	82,595	93,080	95,491	98,842	1,04,120

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Aditya Birla Sun Life ELSS Tax Saver Fund	10,549,933	1.64	275.02	513,320	2025-04-01	1955.24%
Nippon India Focused Equity Fund	8,513,263	2.51	221.92	513,320	2025-04-01	1558.47%
Aditya Birla Sun Life MNC Fund - Div	2,935,097	1.86	76.51	513,320	2025-04-01	471.79%
Aditya Birla Sun Life MNC Fund - Gr	2,935,097	1.86	76.51	513,320	2025-04-01	471.79%
Mahindra Manulife Small Cap Fund	2,800,000	1.45	72.99	513,320	2025-04-01	445.47%
UTI MNC Fund	1,322,979	1.08	34.49	513,320	2025-04-01	157.73%
Mahindra Manulife Focused Fund	1,081,086	1.67	28.18	513,320	2025-04-01	110.61%
JM Value Fund	545,427	1.44	14.22	513,320	2025-04-01	6.25%
ITI Multi Cap Fund	513,320	0.98	13.38	513,320	2025-04-01	0%
Motilal Oswal Nifty Microcap 250 Index Fund	304,695	0.59	7.94	513,320	2025-04-01	-40.64%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	5.57	0.22	-6.92	-6.83	-0.02
Diluted EPS (Rs.)	5.57	0.22	-6.92	-6.83	-0.02
Cash EPS (Rs.)	8.48	2.84	-2.85	-3.89	3.51
Book Value[Excl.RevalReserv]/Share (Rs.)	43.20	35.60	37.41	39.13	44.79
Book Value[Incl.RevalReserv]/Share (Rs.)	43.20	35.60	37.41	39.13	44.79
Revenue From Operations / Share (Rs.)	155.17	107.31	42.69	21.02	180.62
PBDIT / Share (Rs.)	12.15	5.13	-2.93	-5.35	5.86
PBIT / Share (Rs.)	9.44	2.50	-5.84	-9.27	1.88
PBT / Share (Rs.)	7.33	0.55	-7.30	-11.01	-1.82
Net Profit / Share (Rs.)	5.76	0.20	-5.76	-7.80	-0.47
NP After MI And SOA / Share (Rs.)	5.51	0.13	-5.18	-6.72	-0.01
PBDIT Margin (%)	7.83	4.78	-6.86	-25.46	3.24
PBIT Margin (%)	6.08	2.32	-13.68	-44.08	1.04
PBT Margin (%)	4.72	0.51	-17.10	-52.38	-1.00
Net Profit Margin (%)	3.71	0.19	-13.48	-37.12	-0.26
NP After MI And SOA Margin (%)	3.54	0.12	-12.13	-31.96	-0.01
Return on Networth / Equity (%)	12.59	0.37	-13.52	-17.01	-0.04
Return on Capital Employeed (%)	14.63	4.36	-9.69	-11.71	2.40
Return On Assets (%)	4.03	0.11	-4.93	-5.33	-0.01
Long Term Debt / Equity (X)	0.05	0.08	0.07	0.07	0.11
Total Debt / Equity (X)	0.10	0.22	0.26	0.23	0.24
Asset Turnover Ratio (%)	1.21	0.33	0.07	0.04	0.27
Current Ratio (X)	0.85	0.80	0.67	0.82	0.86
Quick Ratio (X)	0.84	0.79	0.66	0.81	0.85
Dividend Payout Ratio (NP) (%)	7.28	0.00	0.00	0.00	-2015.79
Dividend Payout Ratio (CP) (%)	4.88	0.00	0.00	0.00	9.27
Earning Retention Ratio (%)	92.72	0.00	0.00	0.00	2115.79
Cash Earning Retention Ratio (%)	95.12	0.00	0.00	0.00	90.73
Interest Coverage Ratio (X)	5.76	2.71	-2.11	-3.25	2.20
Interest Coverage Ratio (Post Tax) (X)	3.73	1.13	-3.09	-3.69	1.21
Enterprise Value (Cr.)	6832.25	2229.99	2892.17	1353.56	296.12
EV / Net Operating Revenue (X)	0.93	0.44	1.53	1.70	0.04
EV / EBITDA (X)	11.95	9.24	-22.30	-6.69	1.34
MarketCap / Net Operating Revenue (X)	1.07	0.52	1.60	2.34	0.13
Retention Ratios (%)	92.71	0.00	0.00	0.00	2115.79
Price / BV (X)	3.80	1.54	1.78	1.24	0.54
Price / Net Operating Revenue (X)	1.07	0.52	1.60	2.34	0.13
EarningsYield	0.03	0.00	-0.07	-0.13	0.00

After reviewing the key financial ratios for Thomas Cook (India) Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 5.57. This value is within the healthy range. It has increased from 0.22 (Mar 23) to 5.57, marking an increase of 5.35.
For Diluted EPS (Rs.), as of Mar 24, the value is 5.57. This value is within the healthy range. It has increased from 0.22 (Mar 23) to 5.57, marking an increase of 5.35.
For Cash EPS (Rs.), as of Mar 24, the value is 8.48. This value is within the healthy range. It has increased from 2.84 (Mar 23) to 8.48, marking an increase of 5.64.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 43.20. It has increased from 35.60 (Mar 23) to 43.20, marking an increase of 7.60.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 43.20. It has increased from 35.60 (Mar 23) to 43.20, marking an increase of 7.60.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 155.17. It has increased from 107.31 (Mar 23) to 155.17, marking an increase of 47.86.
For PBDIT / Share (Rs.), as of Mar 24, the value is 12.15. This value is within the healthy range. It has increased from 5.13 (Mar 23) to 12.15, marking an increase of 7.02.
For PBIT / Share (Rs.), as of Mar 24, the value is 9.44. This value is within the healthy range. It has increased from 2.50 (Mar 23) to 9.44, marking an increase of 6.94.
For PBT / Share (Rs.), as of Mar 24, the value is 7.33. This value is within the healthy range. It has increased from 0.55 (Mar 23) to 7.33, marking an increase of 6.78.
For Net Profit / Share (Rs.), as of Mar 24, the value is 5.76. This value is within the healthy range. It has increased from 0.20 (Mar 23) to 5.76, marking an increase of 5.56.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 5.51. This value is within the healthy range. It has increased from 0.13 (Mar 23) to 5.51, marking an increase of 5.38.
For PBDIT Margin (%), as of Mar 24, the value is 7.83. This value is below the healthy minimum of 10. It has increased from 4.78 (Mar 23) to 7.83, marking an increase of 3.05.
For PBIT Margin (%), as of Mar 24, the value is 6.08. This value is below the healthy minimum of 10. It has increased from 2.32 (Mar 23) to 6.08, marking an increase of 3.76.
For PBT Margin (%), as of Mar 24, the value is 4.72. This value is below the healthy minimum of 10. It has increased from 0.51 (Mar 23) to 4.72, marking an increase of 4.21.
For Net Profit Margin (%), as of Mar 24, the value is 3.71. This value is below the healthy minimum of 5. It has increased from 0.19 (Mar 23) to 3.71, marking an increase of 3.52.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 3.54. This value is below the healthy minimum of 8. It has increased from 0.12 (Mar 23) to 3.54, marking an increase of 3.42.
For Return on Networth / Equity (%), as of Mar 24, the value is 12.59. This value is below the healthy minimum of 15. It has increased from 0.37 (Mar 23) to 12.59, marking an increase of 12.22.
For Return on Capital Employeed (%), as of Mar 24, the value is 14.63. This value is within the healthy range. It has increased from 4.36 (Mar 23) to 14.63, marking an increase of 10.27.
For Return On Assets (%), as of Mar 24, the value is 4.03. This value is below the healthy minimum of 5. It has increased from 0.11 (Mar 23) to 4.03, marking an increase of 3.92.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.05. This value is below the healthy minimum of 0.2. It has decreased from 0.08 (Mar 23) to 0.05, marking a decrease of 0.03.
For Total Debt / Equity (X), as of Mar 24, the value is 0.10. This value is within the healthy range. It has decreased from 0.22 (Mar 23) to 0.10, marking a decrease of 0.12.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.21. It has increased from 0.33 (Mar 23) to 1.21, marking an increase of 0.88.
For Current Ratio (X), as of Mar 24, the value is 0.85. This value is below the healthy minimum of 1.5. It has increased from 0.80 (Mar 23) to 0.85, marking an increase of 0.05.
For Quick Ratio (X), as of Mar 24, the value is 0.84. This value is below the healthy minimum of 1. It has increased from 0.79 (Mar 23) to 0.84, marking an increase of 0.05.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 7.28. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 23) to 7.28, marking an increase of 7.28.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 4.88. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 23) to 4.88, marking an increase of 4.88.
For Earning Retention Ratio (%), as of Mar 24, the value is 92.72. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 92.72, marking an increase of 92.72.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 95.12. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 95.12, marking an increase of 95.12.
For Interest Coverage Ratio (X), as of Mar 24, the value is 5.76. This value is within the healthy range. It has increased from 2.71 (Mar 23) to 5.76, marking an increase of 3.05.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.73. This value is within the healthy range. It has increased from 1.13 (Mar 23) to 3.73, marking an increase of 2.60.
For Enterprise Value (Cr.), as of Mar 24, the value is 6,832.25. It has increased from 2,229.99 (Mar 23) to 6,832.25, marking an increase of 4,602.26.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.93. This value is below the healthy minimum of 1. It has increased from 0.44 (Mar 23) to 0.93, marking an increase of 0.49.
For EV / EBITDA (X), as of Mar 24, the value is 11.95. This value is within the healthy range. It has increased from 9.24 (Mar 23) to 11.95, marking an increase of 2.71.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.07. This value is within the healthy range. It has increased from 0.52 (Mar 23) to 1.07, marking an increase of 0.55.
For Retention Ratios (%), as of Mar 24, the value is 92.71. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 92.71, marking an increase of 92.71.
For Price / BV (X), as of Mar 24, the value is 3.80. This value exceeds the healthy maximum of 3. It has increased from 1.54 (Mar 23) to 3.80, marking an increase of 2.26.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.07. This value is within the healthy range. It has increased from 0.52 (Mar 23) to 1.07, marking an increase of 0.55.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.00 (Mar 23) to 0.03, marking an increase of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Thomas Cook (India) Ltd as of April 2, 2025 is: 131.00

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 2, 2025, Thomas Cook (India) Ltd is Overvalued by 2.96% compared to the current share price 135.00

Intrinsic Value of Thomas Cook (India) Ltd as of April 2, 2025 is: 218.64

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 2, 2025, Thomas Cook (India) Ltd is Undervalued by 61.96% compared to the current share price 135.00

Last 5 Year EPS CAGR: 66.90%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -74.83, which is a positive sign. The company has higher reserves (2,613.23 cr) compared to borrowings (569.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (98.92 cr) and profit (44.77 cr) over the years.	The stock has a low average ROCE of 6.67%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 59.50, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Thomas Cook (India) Ltd:
1. Net Profit Margin: 3.71%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 14.63% (Industry Average ROCE: 29.95%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 12.59% (Industry Average ROE: 25.78%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.73
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.84
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 26 (Industry average Stock P/E: 26.97)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.1
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Thomas Cook (India) Ltd. is a Public Limited Listed company incorporated on 21/10/1978 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L63040MH1978PLC020717 and registration number is 020717. Currently Company is involved in the business activities of Travel agency and tour operator activities. Company's Total Operating Revenue is Rs. 1990.38 Cr. and Equity Capital is Rs. 47.04 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Travel/Tourism/Amusement Park	11th Floor, Marathon Futurex, Mumbai Maharashtra 400013	sharedept@thomascook.in http://www.thomascook.in

Management
Name	Position Held
Mr. Madhavan Menon	Executive Chairman
Mr. Mahesh Iyer	Managing Director & CEO
Mr. Chandran Ratnaswami	Non Executive Director
Mr. Sumit Maheshwari	Non Executive Director
Mr. Gopalakrishnan Soundarajan	Non Executive Director
Mrs. Kishori Udeshi	Ind. Non-Executive Director
Mr. Nilesh Vikamsey	Ind. Non-Executive Director
Mr. Sunil Mathur	Ind. Non-Executive Director
Mrs. Sharmila A Karve	Ind. Non-Executive Director
Mr. Pravir Kumar Vohra	Ind. Non-Executive Director
Mr. Rahul N Bhagat	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Thomas Cook (India) Ltd?

Thomas Cook (India) Ltd's intrinsic value (as of 02 April 2025) is ₹131.00 — 2.96% lower the current market price of ₹135.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 6,362 Cr. market cap, FY2025-2026 high/low of ₹264/118, reserves of 2,094 Cr, and liabilities of 7,141 Cr.

What is the Market Cap of Thomas Cook (India) Ltd?

The Market Cap of Thomas Cook (India) Ltd is 6,362 Cr..

What is the current Stock Price of Thomas Cook (India) Ltd as on 02 April 2025?

The current stock price of Thomas Cook (India) Ltd as on 02 April 2025 is 135.

What is the High / Low of Thomas Cook (India) Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Thomas Cook (India) Ltd stocks is ₹264/118.

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

The Stock P/E of Thomas Cook (India) Ltd is 26.0.

What is the Book Value of Thomas Cook (India) Ltd?

The Book Value of Thomas Cook (India) Ltd is 45.5.

What is the Dividend Yield of Thomas Cook (India) Ltd?

The Dividend Yield of Thomas Cook (India) Ltd is 0.30 %.

What is the ROCE of Thomas Cook (India) Ltd?

The ROCE of Thomas Cook (India) Ltd is 19.1 %.

What is the ROE of Thomas Cook (India) Ltd?

The ROE of Thomas Cook (India) Ltd is 13.8 %.

What is the Face Value of Thomas Cook (India) Ltd?

The Face Value of Thomas Cook (India) Ltd is 1.00.