Thomas Cook (India)

Digital Transformation And Rising Demand Will Reshape India's Travel

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

15 Feb 25

Updated

08 Dec 25

Views

40

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-31.6%

7D

4.9%

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1Y

-31.6%

7D

4.9%

You can edit this narrative until Dec 9 2:05 AM. Then, changes will post as Updates.

Author's Valuation

₹19424.9% undervalued

AnalystConsensusTarget Fair Value

Shared on 08 Dec 25

500413: Expanding Travel Services And Event Logistics Will Drive Future Upside

Analysts have marginally adjusted their price target on Thomas Cook (India) to ₹194.0. This reflects slightly higher assumed revenue growth and discount rates, partially offset by a modestly lower forecast profit margin and largely unchanged valuation multiples. What's in the News Signed a three year MoU with India’s Ministry of Tourism to collect real time traveller feedback and support data driven upgrades at key domestic destinations (Strategic Alliances) Launched TC Pay, a mobile first forex super app offering end to end digital fulfilment, card management, real time tracking and WhatsApp support for retail customers (Product Related Announcement) Introduced forex retail as a dedicated category on quick commerce platform Blinkit, enabling rapid doorstep delivery of forex cards in major metros with plans to expand to more cities (Client Announcement) Appointed exclusive accommodation and transport partner for the Asian Aquatic Championships 2025 in Ahmedabad, managing logistics for over 1,100 participants and officials across six hotel locations (Client Announcement) Expanded its physical footprint with a new forex outlet in Kottayam, strengthening its Kerala network to 14 locations and targeting leisure, business and student segments in central Kerala (Business Expansions) Valuation Changes Fair Value: Unchanged at ₹194.0 per share, indicating no revision to the target price despite underlying assumption tweaks.

Shared on 24 Nov 25

Fair value Decreased 11%

500413: New Travel Partnerships And Event Deals Will Drive Future Upside

Analysts have revised their price target for Thomas Cook (India) down from ₹218 to ₹194, citing updated assumptions related to growth rates and profitability metrics. What's in the News Thomas Cook India and SOTC Travel have launched an extensive China holidays portfolio, offering new destinations and experiences including high-speed train journeys, curated Indian menus, and immersive activities for both leisure and business travelers (Key Developments).

Shared on 01 May 25

Fair value Decreased 6.91%

Shared on 23 Apr 25

Fair value Decreased 12%

AnalystConsensusTarget has decreased revenue growth from 14.3% to 12.6%.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 2.90%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 13 Mar 25

Fair value Increased 26%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget Fair Value

₹194

24.9% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

13.37%

Hospitality revenue growth rate

0.49%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

15.20%

Calculation

₹4.76b

Earnings '28

x

35.66x

PE Ratio '28

=

₹169.62b

Market Cap '28

₹169.62b

Market Cap '28

/

582.59m

No. shares '28

=

₹291.15

Share Price '28

₹291.15 Share Price '28

Discounted to 2025 @ 15.13% p.a.

=

₹190.81

Fair Value '25