Thomas Cook (India) Ltd (TCIL), established in 1881, is a leading player in India’s travel and travel-related financial services sector, offering a wide range of services including Foreign Exchange, Corporate Travel, MICE (Meetings, Incentives, Conferences, and Exhibitions), Leisure Travel, Insurance, Visa and Passport services, and E-Business solutions. The company operates foreign exchange counters at major international airports and provides specialized services like packaged tours and travel-related insurance. With a 63.83% stake held by Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings, TCIL has expanded its footprint, constantly innovating to meet the demands of the modern traveler. Recognized for its excellence, TCIL has won awards such as ‘Masters of Risk – Travel & Hospitality’ at the 2024 India Risk Management Awards and MICE Tour Operator of the Year at SATTE 2024. By focusing on digital transformation and risk management, TCIL continues to lead the industry while adapting to changing market trends.
Recent News on Thomas Cook (India) Ltd
Thomas Cook India has recently opened a franchise outlet in Chromepet, Chennai, and established a new branch in New Town, Kolkata, aiming to tap into the burgeoning demand in these markets. With the festive season approaching, the company has noticed a rise in travel interest, while airfares have remained stable. Furthermore, Thomas Cook has entered into a Memorandum of Understanding (MOU) with Malaysia Airlines to address the growing interest of Indian travelers in exploring Malaysia and other international destinations. These efforts underscore the company’s dedication to adapting to market trends and enhancing travel opportunities.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 72.34% | 72.34% | 63.83% | 63.83% | 63.83% |
| FIIs + | 0.47% | 0.57% | 1.83% | 2.29% | 3.16% |
| DIIs + | 9.02% | 8.14% | 9.26% | 8.64% | 9.10% |
| Government + | 0.00% | 0.00% | 0.06% | 0.08% | 0.07% |
| Public + | 16.85% | 17.74% | 23.88% | 24.07% | 22.76% |
| Others + | 1.33% | 1.21% | 1.11% | 1.08% | 1.06% |
| No. of Shareholders | 77,943 | 77,928 | 82,595 | 93,080 | 95,491 |
The shareholding patterns of the company from June 2023 to June 2024 reveal significant changes in ownership dynamics. Promoter holdings, which stood at 72.34% in June and September 2023, saw a notable decline to 63.83% by December 2023, remaining at this level through June 2024. This shift may indicate a strategic adjustment in the ownership structure. In contrast, Foreign Institutional Investors (FIIs) exhibited a steady increase in their holdings, rising from 0.47% in June 2023 to 3.16% by June 2024, reflecting growing interest from international investors. Domestic Institutional Investors (DIIs) maintained relatively stable ownership, fluctuating around 9%, while government holdings remained minimal throughout the period.
Public shareholding showed a significant uptick, increasing from 16.85% in June 2023 to a peak of 24.07% in March 2024 before settling at 22.76% in June 2024. This rise suggests an increase in retail investor interest and confidence in the company. The “Others” category experienced a slight decline, decreasing from 1.33% to 1.06%. Furthermore, the total number of shareholders surged from 77,943 to 95,491 over the year, indicating a growing and more diversified shareholder base. Overall, these patterns underscore the evolving landscape of ownership and investor sentiment surrounding the company during this period.
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| When | Maximum Price | Minimum Price |
| October 2024 | 239.95 | 208.66 |
| November 2024 | 249.55 | 217.00 |
| December 2024 | 252.05 | 219.17 |
As we move through 2024, Thomas Cook (India) Ltd is expected to see varied price movements. By October 2024, the maximum price for Thomas Cook (India) Ltd is projected to reach ₹239.95, while the minimum could be around ₹208.66. As we approach November 2024, the stock’s maximum price is anticipated to rise slightly to ₹249.55, with a minimum of ₹217.00. Finally, as we close the year in December 2024, the maximum price for Thomas Cook (India) Ltd is forecasted to touch ₹252.05, with a minimum price hovering near ₹219.17.
| When | Maximum Price | Minimum Price |
| January 2025 | 254.57 | 195.82 |
| February 2025 | 257.14 | 197.80 |
| March 2025 | 262.54 | 201.95 |
| April 2025 | 259.94 | 199.95 |
| May 2025 | 252.37 | 194.13 |
| June 2025 | 263.73 | 202.87 |
| July 2025 | 258.55 | 198.89 |
| August 2025 | 266.55 | 205.04 |
| September 2025 | 269.75 | 207.50 |
| October 2025 | 276.76 | 212.89 |
| November 2025 | 283.68 | 218.22 |
| December 2025 | 296.45 | 228.04 |
As we step into 2025, Thomas Cook (India) Ltd is expected to witness gradual price growth throughout the year. In January 2025, the maximum price is anticipated to reach ₹254.57, with a minimum of ₹195.82. By February 2025, the maximum price may rise to ₹257.14, while the minimum could touch ₹197.80. Moving into March, the stock is projected to have a maximum of ₹262.54 and a minimum of ₹201.95. As we approach mid-year in June, the maximum price is expected to climb to ₹263.73, with a minimum of ₹202.87. As we move towards the final quarter, October 2025 could see Thomas Cook (India) Ltd reaching a maximum of ₹276.76, with a minimum of ₹212.89. Finally, as we close the year in December 2025, the stock’s maximum price is forecasted to touch ₹296.45, while the minimum may hover around ₹228.04.
| When | Maximum Price | Minimum Price |
| January 2026 | 305.34 | 234.88 |
| February 2026 | 297.71 | 229.01 |
| March 2026 | 303.66 | 233.59 |
| April 2026 | 309.86 | 238.35 |
| May 2026 | 306.79 | 235.99 |
| June 2026 | 314.46 | 241.89 |
| July 2026 | 308.30 | 237.15 |
| August 2026 | 317.83 | 244.48 |
| September 2026 | 324.19 | 249.37 |
| October 2026 | 332.62 | 255.86 |
| November 2026 | 340.93 | 262.25 |
| December 2026 | 349.45 | 268.81 |
| When | Maximum Price | Minimum Price |
| January 2027 | 352.95 | 271.50 |
| February 2027 | 362.00 | 278.46 |
| March 2027 | 376.12 | 289.32 |
| April 2027 | 368.74 | 283.65 |
| May 2027 | 358.00 | 275.39 |
| June 2027 | 374.11 | 287.78 |
| July 2027 | 366.78 | 282.14 |
| August 2027 | 378.12 | 290.86 |
| September 2027 | 391.35 | 301.04 |
| October 2027 | 401.53 | 308.87 |
| November 2027 | 411.57 | 316.59 |
| December 2027 | 421.86 | 324.51 |
| When | Maximum Price | Minimum Price |
| January 2028 | 430.29 | 331.00 |
| February 2028 | 441.33 | 339.48 |
| March 2028 | 458.54 | 352.72 |
| April 2028 | 449.55 | 345.81 |
| May 2028 | 436.45 | 335.73 |
| June 2028 | 456.09 | 350.84 |
| July 2028 | 447.15 | 343.96 |
| August 2028 | 460.98 | 354.60 |
| September 2028 | 477.12 | 367.01 |
| October 2028 | 489.52 | 376.55 |
| November 2028 | 501.76 | 385.97 |
| December 2028 | 514.30 | 395.62 |
| When | Maximum Price | Minimum Price |
| January 2029 | 524.59 | 403.53 |
| February 2029 | 538.04 | 413.88 |
| March 2029 | 559.02 | 430.02 |
| April 2029 | 548.06 | 421.59 |
| May 2029 | 532.10 | 409.31 |
| June 2029 | 556.04 | 427.73 |
| July 2029 | 545.14 | 419.34 |
| August 2029 | 562.00 | 432.31 |
| September 2029 | 581.67 | 447.44 |
| October 2029 | 596.79 | 459.07 |
| November 2029 | 611.71 | 470.55 |
| December 2029 | 627.01 | 482.31 |
| When | Maximum Price | Minimum Price |
| January 2030 | 639.55 | 491.96 |
| February 2030 | 655.95 | 504.57 |
| March 2030 | 681.53 | 524.25 |
| April 2030 | 668.16 | 513.97 |
| May 2030 | 648.70 | 499.00 |
| June 2030 | 677.89 | 521.46 |
| July 2030 | 664.60 | 511.23 |
| August 2030 | 685.16 | 527.04 |
| September 2030 | 709.14 | 545.49 |
| October 2030 | 727.58 | 559.67 |
| November 2030 | 745.76 | 573.66 |
| December 2030 | 764.41 | 588.01 |
In 2030, Thomas Cook (India) Ltd is expected to see steady growth. In January, the maximum price may reach ₹639.55, with a minimum of ₹491.96. By June, the stock could hit ₹677.89, with a low of ₹521.46. As we approach October, it’s projected to reach ₹727.58, with a minimum of ₹559.67, and by December, it may close at a maximum of ₹764.41 and a minimum of ₹588.01.
Financial Condition of Thomas Cook (India) Ltd: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 6,833 | 795 | 1,888 | 5,048 | 7,299 | 7,506 |
| Expenses + | 6,726 | 1,147 | 2,075 | 4,870 | 6,862 | 7,060 |
| Operating Profit | 107 | -352 | -187 | 178 | 437 | 447 |
| OPM % | 2% | -44% | -10% | 4% | 6% | 6% |
| Other Income + | 76 | 146 | 55 | 62 | 134 | 133 |
| Interest | 101 | 62 | 62 | 89 | 99 | 95 |
| Depreciation | 151 | 148 | 129 | 124 | 128 | 131 |
| Profit before tax | -69 | -416 | -322 | 27 | 345 | 353 |
| Tax % | -74% | -29% | -21% | 61% | 21% | |
| Net Profit + | -18 | -295 | -254 | 10 | 271 | 273 |
| EPS in Rs | -0.02 | -6.72 | -5.18 | 0.14 | 5.5 | 5.55 |
| Dividend Payout % | 0% | 0% | 0% | 291% | 11% |
Thomas Cook (India) Ltd. (TCIL) has experienced significant shifts in its financial performance over the past five years, particularly due to the challenges posed by the COVID-19 pandemic. In March 2020, the company reported strong sales of ₹6,833 crore. However, the pandemic led to a sharp decline in business activity, causing sales to plummet to just ₹795 crore by March 2021. As the travel industry gradually recovered, TCIL’s sales improved in subsequent years, reaching ₹1,888 crore in 2022 and growing to ₹7,299 crore by March 2024. Expenses followed a similar trend, decreasing during the pandemic but rising again as operations scaled up, with total expenses reaching ₹7,060 crore in the trailing twelve-month (TTM) period.
The company’s operating profit margins (OPM) reflected these changes, starting at 2% in 2020, turning negative during the pandemic years (-44% in 2021), and then improving to 6% by 2024. Operating profit, which was ₹107 crore in 2020, dropped into negative territory during the worst of the pandemic but rebounded to ₹437 crore by 2024. TCIL’s profitability improved steadily, with profit before tax (PBT) going from a loss of ₹416 crore in 2021 to a positive ₹345 crore in 2024. Interest and depreciation costs remained stable throughout, while other income contributed moderately to the company’s financial health.
The company’s net profit reflected a similar recovery, with a significant loss of ₹295 crore in 2021 reversing to a modest profit of ₹10 crore by 2023 and surging to ₹271 crore in 2024. Earnings per share (EPS) followed suit, improving from a loss of ₹6.72 per share in 2021 to ₹5.5 per share in 2024. In terms of shareholder returns, TCIL did not declare dividends during the pandemic but issued a high payout of 291% in 2023, which normalized to 11% in 2024. Overall, TCIL’s financial performance reflects resilience and recovery, positioning the company for further growth in the coming years.
FAQs
What is Thomas Cook (India) Ltd current market capitalization?
Thomas Cook (India) Ltd’s current market capitalization is ₹9,777 crore.
As of September 24th, 2024, Thomas Cook (India) Ltd’s share price is ₹208.
The share price targets for Thomas Cook (India) Ltd in 2025 range from ₹194.13 to ₹296.45, while in 2030, the targets range from ₹491.96 to ₹764.41.
What is the current price-to-earnings (P/E) ratio of Thomas Cook (India) Ltd?
Thomas Cook (India) Ltd’s current stock P/E ratio is 37.7.
Thomas Cook (India) Ltd’s book value per share is ₹43.7.
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Conclusion
In conclusion, Thomas Cook (India) Ltd. has demonstrated resilience and adaptability, maintaining its leadership in the travel and financial services sector. With strategic expansions, digital innovations, and a strong focus on risk management, the company continues to cater to the evolving needs of modern travelers. Its shareholding pattern reflects increased interest from institutional investors, particularly Foreign Institutional Investors (FIIs), while public participation has also grown over time. The company’s financial performance has improved significantly, especially post-pandemic, with a strong rebound in sales and profits. Looking ahead, share price projections for 2024 to 2030 suggest steady growth, driven by Thomas Cook’s ongoing efforts to expand its f
What did we learn?
- 1 Recent News on Thomas Cook (India) Ltd
- 2 Shareholding Patterns of Thomas Cook (India) Ltd
- 3 How to Buy Thomas Cook (India) Ltd shares?
- 4 Thomas Cook (India) Ltd Share Price Prediction: 2024 to 2030
- 4.1 Thomas Cook (India) Ltd Share Price Target 2024
- 4.2 Thomas Cook (India) Ltd Share Price Target 2025
- 4.3 Thomas Cook (India) Ltd Share Price Target 2026
- 4.4 Thomas Cook (India) Ltd Share Price Prediction 2027
- 4.5 Thomas Cook (India) Ltd Share Price Target 2028
- 4.6 Thomas Cook (India) Ltd Share Price Target 2029
- 4.7 Thomas Cook (India) Ltd Share Price Target 2030
- 5 Financial Condition of Thomas Cook (India) Ltd: Last 5 Years
- 6 FAQs
- 6.1 What is Thomas Cook (India) Ltd current market capitalization?
- 6.2 What is the current share price of Thomas Cook (India) Ltd?
- 6.3 What are the share price targets for Thomas Cook (India) Ltd in 2025 and 2030?
- 6.4 What is the current price-to-earnings (P/E) ratio of Thomas Cook (India) Ltd?
- 6.5 What is Thomas Cook (India) Ltd’s book value per share?
- 7 Conclusion
