This analysis examines Thomas Cook (India) Ltd. (THOMASCOOK) through the lens of its financial statements, valuation metrics, and institutional ownership patterns.
Thomas Cook Revenue Trend
For FY2025, Thomas Cook (India) Ltd. recorded revenue of ₹8,285 Cr. That's 11.4% higher than the ₹7,436 Cr it brought in during FY2024.
Stepping back, the 10-year revenue CAGR of 9.8% shows Thomas Cook (India) Ltd. has been growing at a moderate, sustainable pace.
At ₹8,285 Cr in annual revenue, Thomas Cook (India) Ltd. is one of the mid-sized players in the travel and transport space.
Thomas Cook (India) Ltd. has posted revenue growth for 4 consecutive years — that's a sustained trend, not a one-off.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹8,285 Cr | +11.4% |
| FY2024 | ₹7,436 Cr | +45.5% |
| FY2023 | ₹5,111 Cr | +162.6% |
| FY2022 | ₹1,946 Cr | +144.8% |
| FY2021 | ₹795 Cr | — |
View Thomas Cook (India) Ltd.'s full 10-year revenue trend with CAGR analysis →
Thomas Cook Profitability
Thomas Cook (India) Ltd. saw net profit contract 4.7% to ₹258 Cr in FY2025, down from ₹271 Cr in FY2024.
Net margin was steady at 3.1% in FY2025, suggesting a stable cost structure.
Looking at per-share numbers, diluted EPS was ₹5.46 in FY2025 — down from ₹5.57.
Is Thomas Cook Undervalued
Running the numbers through the P/E Ratio model gives a fair value of ₹187 for Thomas Cook (India) Ltd..
Thomas Cook (India) Ltd. shares are currently trading at ₹91.44.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹187 | 104.5% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Thomas Cook (India) Ltd. with detailed assumptions →
Thomas Cook Shareholding Pattern
Promoter holding has remained stable at 63.8% over the past 4 quarters, indicating confidence in the company's direction.
Foreign investors held 7.6% of the company as of March 2026, up year-over-year from 4.4%.
The DII stake stands at 6.5% as of March 2026, versus 7.8% in the year-ago period.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 63.8% | 7.6% | 6.5% | 21.0% |
| Dec 2025 | 63.8% | 7.3% | 6.8% | 21.0% |
| Sep 2025 | 63.8% | 5.3% | 7.3% | 22.4% |
| Jun 2025 | 63.8% | 4.4% | 7.8% | 22.9% |
Track quarterly shareholding changes for Thomas Cook (India) Ltd. →
Thomas Cook Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2025 total assets: ₹71.16B (up 10.9% YoY from ₹64.17B).
Top categories: Other Assets (33.8%), Intangibles & Goodwill (21.8%), Property, Plant & Equipment (19.0%).
Of the ₹71.16B in liabilities and equity, 31.4% is shareholder equity, 3.4% is interest-bearing debt, and 65.2% is operating liabilities. Over the year, debt is up 9.3% and equity is up 10.1%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 11.17B |
| Receivables | 6.32B |
| Inventories | 361.70M |
| Property, Plant & Equipment | 13.52B |
| Investments | 212.00M |
| Intangibles & Goodwill | 15.50B |
| Other Assets | 24.07B |
| Category | Value |
|---|---|
| Equity | 22.37B |
| Short-term Debt | 1.41B |
| Long-term Debt | 993.90M |
| Trade Payables | 27.12B |
| Other Liabilities | 19.27B |
What Stands Out About Thomas Cook
Pulling it all together, here's what the numbers say about Thomas Cook (India) Ltd. (THOMASCOOK) heading into the next fiscal year.
Revenue of ₹8,285 Cr in FY2025, up 11.4% year-over-year.
Long-term revenue has been compounding at 9.8% annually over 10 years.
The company is profitable, with a net margin of 3.1% and net income of ₹258 Cr.
The P/E Ratio model implies 104.5% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Craytheon's full analysis of Thomas Cook (India) Ltd. goes deeper: three valuation models, growth metrics, and 10 years of financial data.