THOMASCOOK

Thomas Cook (India) share price & financials

Price
₹111.6
Market cap
₹5.1k Cr
Sector
Consumer Services
Calls analysed
6
Latest concall · Q1 FY27 · call held 10 Aug 2026

Thomas Cook (India) Limited Q1 FY27

Consolidated Total Income 21,530 million −12%

What went well

  • Foreign exchange business segment revenue grew by 6%, EBIT by 8%, and EBIT margins at 45.3%.
  • Education portfolio turnover grew by 36% year-on-year.
  • Corporate business portfolio recorded 9% growth in turnover.

What to watch

  • Consolidated total income declined by 12% year-on-year to INR 21,530 million.
  • Profit before tax declined by 21% Y-o-Y to INR 885 million.
Read the full call →

What Thomas Cook (India) Limited does

Thomas Cook (India) Limited is an integrated travel and travel-related financial-services group operating across 28 countries and 5 continents, majority-owned by Canada's Fairfax Group. It runs four business engines: an RBI-licensed Authorized Dealer-Category-II foreign-exchange and prepaid-card business (forex cards, TC Pay, remittances); B2B and B2C travel under the Thomas Cook and SOTC brands covering corporate travel, MICE, destination management (Asian Trails, Private Safaris, Allied T Pro, Desert Adventures) and outbound/domestic holidays; Sterling Holiday Resorts, a pan-India leisure-resort chain; and Digiphoto Entertainment Imaging (DEI), a souvenir/photo-imaging business embedded inside theme parks and tourist attractions globally. It earns through forex margins and float income on prepaid cards, travel commissions and mark-ups, resort room/F&B revenue, and per-visitor imaging sales.

Segments

  • Financial Services
  • Travel & Related Services
  • Leisure Hospitality & Resorts
  • Digital Imaging Solutions
Geographic presence
28 countries across 5 continents
Total group touchpoints
800+
Brand portfolio
16 brands
Financial Services retail network
130+ branches, 17 airport counters, 3,100+ agent partners
Forex prepaid card users
1.2 Mn+ active cardholders across 28 currencies
Sterling Resorts network
78 resorts across 61 cities
Founded 1978Employees 10,194 (FY25 (year ended March 3) Company website

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 5 delivered 4 missed 9 open
  • Sterling Resorts Occupancy delivered said Q4 FY26 Promised: 65% to 70% for the full year Q1 FY27: Q1 FY27 occupancy was 77%, which is above the guided full-year range of 65% to 70%.
  • Financial Services EBIT Margin delivered said Q4 FY25 Promised: 40% to 45% range Q1 FY27: Promise timeline complete.
  • Consolidated Revenue Growth at risk said Q3 FY26 Promised: double-digit growth... going forward in FY 2027 Q1 FY27: Consolidated total income declined by 12% YoY in Q1 FY27. Management was evasive on the full-year outlook, stating it's 'Difficult to gauge' at this point.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 13.1%, net profit down 13.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue2,004 2,061 1,969 2,408 2,074 +3%2,146 +4%1,771 −10%2,092 −13%
EBITDA125 116 98 127 108 −14%114 −2%78 −20%93 −27%
Net profit72 47 66 74 71 −1%45 −4%31 −53%64 −14%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −38.5% 1Y

₹100₹120₹140₹160₹180Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 20 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 13 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹176.66 on 10 Sept 2025 → ₹108.63. High ₹177.61 (11 Sept 2025), low ₹87.99 (9 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+1.5%
10 Aug
Q4 FY26
+2.4%
13 May
Q3 FY26
−1.9%
12 Feb
Q2 FY26
+1.8%
20 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 18.5% a year over 3 years, FY23 to FY26. Operating margin widened to 5.1%.

Year endingFY23FY24FY25FY26
Revenue₹5.0k Cr₹7.3k Cr₹8.1k Cr₹8.4k Cr
Operating profit₹178 Cr₹434 Cr₹475 Cr₹427 Cr
Operating margin3.5%5.9%5.8%5.1%
Interest₹90 Cr₹99 Cr₹96 Cr₹95 Cr
Depreciation₹123 Cr₹127 Cr₹142 Cr₹158 Cr
Net profit₹11 Cr₹271 Cr₹258 Cr₹221 Cr
Net margin0.2%3.7%3.2%2.6%
Cash from operations₹649 Cr₹829 Cr₹717 Cr₹643 Cr
Free cash flow₹612 Cr₹730 Cr₹609 Cr₹566 Cr
ROCE5.0%19.0%19.0%15.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹38 Cr₹44 Cr₹47 Cr₹47 Cr₹47 Cr₹47 Cr
Reserves₹1.9k Cr₹1.7k Cr₹1.7k Cr₹2.0k Cr₹2.3k Cr₹2.5k Cr
Borrowings₹612 Cr₹598 Cr₹539 Cr₹418 Cr₹508 Cr₹539 Cr
Other liabilities₹2.2k Cr₹2.3k Cr₹3.4k Cr₹3.9k Cr₹4.6k Cr₹4.7k Cr
Total liabilities₹4.7k Cr₹4.6k Cr₹5.7k Cr₹6.4k Cr₹7.5k Cr₹7.8k Cr
Fixed assets₹2.6k Cr₹2.6k Cr₹2.6k Cr₹2.8k Cr₹2.9k Cr₹3.1k Cr
Capital work in progress₹6 Cr₹14 Cr₹26 Cr₹60 Cr₹8 Cr₹10 Cr
Investments₹130 Cr₹129 Cr₹106 Cr₹134 Cr₹198 Cr₹287 Cr
Other assets₹2.0k Cr₹1.9k Cr₹2.9k Cr₹3.4k Cr₹4.4k Cr₹4.3k Cr
Total assets₹4.7k Cr₹4.6k Cr₹5.7k Cr₹6.4k Cr₹7.5k Cr₹7.8k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +1.77 pp while the public trimmed −1.37 pp. The shareholder count shrank 5% to 1,11,875.

Promoters
64.8%
FIIs
6.2%
DIIs
6.5%
Government
0.1%
Public
21.5%
Others
0.9%

Since Jun 2025

  • FIIs +1.77 pp
  • Public −1.37 pp
  • DIIs −1.25 pp

How it drifted, 12 quarters

Over this window promoters fell from 72.3% to 64.8% — −7.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 72.3%, FIIs 0.6%, DIIs 8.1%, Public 17.7%, Others 1.2%.Dec '23: Promoters 63.8%, FIIs 1.8%, DIIs 9.3%, Government 0.1%, Public 23.9%, Others 1.1%.Mar '24: Promoters 63.8%, FIIs 2.3%, DIIs 8.6%, Government 0.1%, Public 24.1%, Others 1.1%.Jun '24: Promoters 63.8%, FIIs 3.2%, DIIs 9.1%, Government 0.1%, Public 22.8%, Others 1.1%.Sep '24: Promoters 63.8%, FIIs 3.6%, DIIs 9.8%, Government 0.1%, Public 21.6%, Others 1.0%.Dec '24: Promoters 63.8%, FIIs 4.4%, DIIs 9.5%, Government 0.1%, Public 21.2%, Others 1.0%.Mar '25: Promoters 63.8%, FIIs 4.5%, DIIs 8.1%, Government 0.1%, Public 22.4%, Others 1.0%.Jun '25: Promoters 63.8%, FIIs 4.4%, DIIs 7.8%, Government 0.1%, Public 22.9%, Others 1.0%.Sep '25: Promoters 63.8%, FIIs 5.3%, DIIs 7.3%, Government 0.1%, Public 22.4%, Others 1.0%.Dec '25: Promoters 63.8%, FIIs 7.3%, DIIs 6.8%, Government 0.1%, Public 21.0%, Others 1.0%.Mar '26: Promoters 63.8%, FIIs 7.6%, DIIs 6.5%, Government 0.1%, Public 21.0%, Others 0.9%.Jun '26: Promoters 64.8%, FIIs 6.2%, DIIs 6.5%, Government 0.1%, Public 21.5%, Others 0.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Thomas Cook (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Fairbridge Capital Mauritius Limited 64.77%+0.94 pp
Government Pension Fund Global Sovereign3.39%unchanged
Nippon Life India Trustee Ltd-A/C Nippon India Focused Equity Fund Mutual fund3.06%unchanged
Aditya Birla Sun Life Trustee Private Limited A/C - Aditya Birla Sun Life ELSS Tax Saver Fund Mutual fund2.85%unchanged
H Investments Limited 0.00%unchanged
Fairbridge Investments (Mauritius) Limited 0.00%unchanged
Fairfax Financial Holdings Limited 0.00%unchanged
FFHL Group Ltd 0.00%unchanged
Fairfax (Barbados) International Corp 0.00%unchanged
Fairbridge Capital Private Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in THOMASCOOK

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹156 Cr
2 schemes
Biggest holder
Nippon India Focused Fund
₹132 Cr · 1.5% of that fund
SchemeHoldingLast month
Nippon India Focused Fund Nippon India Mutual Fund₹132 Crheld
Nippon India Multi Asset Allocation Fund Nippon India Mutual Fund₹23 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
-6%
vs est. average cost
Held by funds
₹156 Cr
2 schemes · ≈ 3.1% of the company
Biggest holder
Nippon India Focused Fund
₹132 Cr · 1.5% of that fund

Shares held by these funds +1%

Aug '23 1.44 cr shares Jul '26

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Thomas Cook (India) Limited

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