BSE:500413

Stock Analysis Report

Executive Summary

Thomas Cook (India) Limited provides integrated travel and travel-related financial services in India and internationally.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Thomas Cook (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-10.8%

500413

2.6%

IN Hospitality

3.9%

IN Market


1 Year Return

-38.4%

500413

-5.2%

IN Hospitality

6.0%

IN Market

Return vs Industry: 500413 underperformed the Indian Hospitality industry which returned -5.2% over the past year.

Return vs Market: 500413 underperformed the Indian Market which returned 6% over the past year.


Shareholder returns

500413IndustryMarket
7 Day-10.8%2.6%3.9%
30 Day-16.2%6.6%7.8%
90 Day-32.9%-1.8%2.5%
1 Year-38.3%-38.4%-4.8%-5.2%8.2%6.0%
3 Year-41.5%-41.8%18.1%14.9%23.0%16.7%
5 Year-17.9%-18.7%49.5%44.5%43.5%30.0%

Price Volatility Vs. Market

How volatile is Thomas Cook (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Thomas Cook (India) undervalued compared to its fair value and its price relative to the market?

124.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 500413 (₹124.4) is trading above our estimate of fair value (₹98.69)

Significantly Undervalued: 500413 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500413 is poor value based on its PE Ratio (124.8x) compared to the Hospitality industry average (19.6x).

PE vs Market: 500413 is poor value based on its PE Ratio (124.8x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: 500413 is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: 500413 is good value based on its PB Ratio (0.5x) compared to the IN Hospitality industry average (1.2x).


Next Steps

Future Growth

How is Thomas Cook (India) forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

39.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500413's forecast earnings growth (39% per year) is above the savings rate (7.6%).

Earnings vs Market: 500413's earnings (39% per year) are forecast to grow faster than the Indian market (18.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 500413's revenue (10.7% per year) is forecast to grow slower than the Indian market (11.3% per year).

High Growth Revenue: 500413's revenue (10.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 500413's Return on Equity is forecast to be low in 3 years time (3.5%).


Next Steps

Past Performance

How has Thomas Cook (India) performed over the past 5 years?

60.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 500413's earnings have grown significantly by 60.3% per year over the past 5 years.

Accelerating Growth: 500413's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 500413 had negative earnings growth (-99.4%) over the past year, making it difficult to compare to the Hospitality industry average (20.7%).


Return on Equity

High ROE: 500413's Return on Equity (0.4%) is considered low.


Return on Assets

ROA vs Industry: 500413's Return on Assets is below or equal to the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: 500413's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Thomas Cook (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: 500413's short term assets (₹29.7B) do not cover its short term liabilities (₹30.3B)

Long Term Liabilities: 500413's short term assets (29.7B) exceeds its long term liabilities (11.5B)


Debt to Equity History and Analysis

Debt Level: 500413's debt to equity ratio (4.2%) is considered satisfactory

Reducing Debt: 500413's debt to equity ratio has reduced from 26.6% to 4.2% over the past 5 years.

Debt Coverage: 500413's debt is well covered by operating cash flow (67.7%).

Interest Coverage: 500413's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet

Inventory Level: 500413 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 500413's debt is covered by short term assets (assets are 7.939670x debt).


Next Steps

Dividend

What is Thomas Cook (India)'s current dividend yield, its reliability and sustainability?

0.30%

Current Dividend Yield


Dividend Yield vs Market

company0.3%marketbottom25%0.6%markettop25%2.4%industryaverage0.5%forecastin3Years0.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 500413's dividend (0.3%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 500413's dividend (0.3%) is low compared to the top 25% of dividend payers in the Indian market (2.42%).

Stable Dividend: 500413's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500413's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.6%), 500413's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 500413's dividends in 3 years are forecast to be well covered by earnings (24.3% payout ratio).


Next Steps

Management

What is the CEO of Thomas Cook (India)'s salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Mahesh Iyer (46yo)

2.7yrs

Tenure

₹35,214,674

Compensation

Mr. Iyer Mahesh has been Chief Executive Officer of Thomas Cook India Limited since February 14, 2017 and its Executive Director since May 29, 2018. Mr. Mahesh served as the Chief Operating Officer of Thom ...


CEO Compensation Analysis

Compensation vs. Market: Mahesh's total compensation ($USD495.45K) is about average for companies of similar size in the Indian market ($USD364.54K).

Compensation vs Earnings: Mahesh's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.6yrs

Average Tenure

50yo

Average Age

Experienced Management: 500413's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

3.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 500413's board of directors are considered experienced (3.8 years average tenure).


Insider Trading

Insider Buying: 500413 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹4,372,65327 Sep 19
K. Ramakrishnan
EntityIndividual
Shares30,000
Max Price₹145.76
Buy₹18,099,59625 Sep 19
K. Ramakrishnan
EntityIndividual
Shares120,000
Max Price₹150.83
Sell₹5,710,80803 Jul 19
Debasis Nandy
EntityIndividual
Shares25,000
Max Price₹228.43
Sell₹438,10219 Jun 19
Debasis Nandy
EntityIndividual
Shares2,000
Max Price₹219.05
Sell₹472,38011 Jun 19
Debasis Nandy
EntityIndividual
Shares2,000
Max Price₹236.19
Sell₹470,38007 Jun 19
Debasis Nandy
EntityIndividual
Shares2,000
Max Price₹235.19
Sell₹10,801,17706 Jun 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares50,000
Max Price₹216.02
Sell₹1,249,70004 Apr 19
Amit Madhan
EntityIndividual
Role
President
President and Group Head of Technology & eBusiness
Shares5,000
Max Price₹249.94
Sell₹2,487,69903 Apr 19
Debasis Nandy
EntityIndividual
Shares10,000
Max Price₹248.77
Sell₹12,747,99702 Apr 19
Indiver Rastogi
EntityIndividual
Shares50,000
Max Price₹254.96
Sell₹5,041,53802 Apr 19
Amit Madhan
EntityIndividual
Role
President
President and Group Head of Technology & eBusiness
Shares19,900
Max Price₹254.99
Sell₹6,287,99802 Apr 19
D. Kale
EntityIndividual
Role
Senior Key Executive
President and Country Head of Leisure Travel & MICE
Shares25,000
Max Price₹251.52
Sell₹3,049,11301 Apr 19
Debasis Nandy
EntityIndividual
Shares12,281
Max Price₹253.65
Sell₹6,490,25901 Apr 19
Rambhau Kenkare
EntityIndividual
Role
Chief Administrative Officer
President and Group Head of Legal
Shares25,500
Max Price₹254.52
Sell₹8,105,94429 Mar 19
Indiver Rastogi
EntityIndividual
Shares33,093
Max Price₹244.94
Sell₹1,914,81129 Mar 19
Amit Madhan
EntityIndividual
Role
President
President and Group Head of Technology & eBusiness
Shares7,806
Max Price₹245.30
Sell₹2,695,99029 Mar 19
D. Kale
EntityIndividual
Role
Senior Key Executive
President and Country Head of Leisure Travel & MICE
Shares11,000
Max Price₹245.09
Sell₹8,862,11829 Mar 19
Rambhau Kenkare
EntityIndividual
Role
Chief Administrative Officer
President and Group Head of Legal
Shares36,000
Max Price₹246.17
Sell₹7,304,07828 Mar 19
Rambhau Kenkare
EntityIndividual
Role
Chief Administrative Officer
President and Group Head of Legal
Shares30,561
Max Price₹239.00
Sell₹3,388,65028 Mar 19
D. Kale
EntityIndividual
Role
Senior Key Executive
President and Country Head of Leisure Travel & MICE
Shares14,000
Max Price₹242.05
Sell₹1,320,93528 Mar 19
Amit Madhan
EntityIndividual
Role
President
President and Group Head of Technology & eBusiness
Shares5,500
Max Price₹240.17
Sell₹11,862,49928 Mar 19
Debasis Nandy
EntityIndividual
Shares50,000
Max Price₹237.25
Sell₹2,145,59727 Mar 19
Amit Madhan
EntityIndividual
Role
President
President and Group Head of Technology & eBusiness
Shares9,100
Max Price₹235.78
Sell₹1,082,69927 Mar 19
Indiver Rastogi
EntityIndividual
Shares4,661
Max Price₹232.29
Sell₹4,645,92127 Mar 19
Rambhau Kenkare
EntityIndividual
Role
Chief Administrative Officer
President and Group Head of Legal
Shares19,439
Max Price₹239.00
Sell₹1,436,81825 Mar 19
Amit Madhan
EntityIndividual
Role
President
President and Group Head of Technology & eBusiness
Shares6,227
Max Price₹230.74
Sell₹2,373,47622 Mar 19
Amit Madhan
EntityIndividual
Role
President
President and Group Head of Technology & eBusiness
Shares10,600
Max Price₹223.91
Sell₹8,683,31215 Mar 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares39,100
Max Price₹222.08
Sell₹10,668,21706 Mar 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares50,000
Max Price₹213.36
Sell₹10,749,99701 Mar 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares50,000
Max Price₹215.00
Sell₹18,327,44619 Feb 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares85,240
Max Price₹215.01
Sell₹588,75218 Feb 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares2,738
Max Price₹215.03
Sell₹5,325,99507 Feb 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares24,638
Max Price₹216.17
Sell₹4,052,55724 Jan 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares17,383
Max Price₹233.13
Sell₹1,218,23218 Jan 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares5,251
Max Price₹232.00
Sell₹3,043,41716 Jan 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares13,049
Max Price₹233.23
Sell₹1,766,03607 Jan 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares7,451
Max Price₹237.02
Sell₹599,01502 Jan 19
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares2,549
Max Price₹235.00
Sell₹2,820,00014 Dec 18
Indiver Rastogi
EntityIndividual
Shares12,000
Max Price₹235.00
Sell₹4,657,99914 Dec 18
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares20,000
Max Price₹232.90
Sell₹2,360,10005 Dec 18
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares10,000
Max Price₹236.01
Sell₹7,042,79805 Dec 18
D. Kale
EntityIndividual
Role
Senior Key Executive
President and Country Head of Leisure Travel & MICE
Shares30,000
Max Price₹234.76
Sell₹616,05329 Nov 18
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares2,646
Max Price₹232.82
Sell₹932,00029 Nov 18
D. Kale
EntityIndividual
Role
Senior Key Executive
President and Country Head of Leisure Travel & MICE
Shares4,000
Max Price₹233.00
Sell₹744,69822 Nov 18
D. Kale
EntityIndividual
Role
Senior Key Executive
President and Country Head of Leisure Travel & MICE
Shares3,277
Max Price₹227.25
Sell₹708,01720 Nov 18
Madhavan Menon
EntityIndividual
Role
Chairman of the Board
Chairman
Shares3,100
Max Price₹228.39

Ownership Breakdown


Management Team

  • Ram Kenkare (53yo)

    President and Group Head of Legal

    • Tenure: 3.6yrs
  • D. Kale (50yo)

    President and Country Head of Leisure Travel & MICE

    • Tenure: 0yrs
  • Abraham Alapatt (47yo)

    President and Group Head Marketing

    • Tenure: 0yrs
  • Madhavan Menon (64yo)

    Chairman

    • Tenure: 3.8yrs
    • Compensation: ₹61.10m
  • Mahesh Iyer (46yo)

    CEO & Executive Director

    • Tenure: 2.7yrs
    • Compensation: ₹35.21m
  • Brijesh Modi (41yo)

    Chief Financial Officer

    • Tenure: 2.3yrs
    • Compensation: ₹14.56m
  • Suzanne Pereira (52yo)

    Senior Vice President of Trade Relationships & Communications

    • Tenure: 0yrs
    • Compensation: ₹2.67m
  • Amit Madhan (42yo)

    President and Group Head of Technology & eBusiness

    • Tenure: 0yrs
  • Mona Cheriyan (54yo)

    President & Group Head of Human Resources

    • Tenure: 0yrs
  • Amit Parekh

    Compliance Officer & Company Secretary

    • Tenure: 3.6yrs
    • Compensation: ₹5.42m

Board Members

  • Sunil Mathur (75yo)

    Independent Non-Executive Director

    • Tenure: 3.8yrs
    • Compensation: ₹4.47m
  • Pravir Vohra (65yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: ₹4.74m
  • Nilesh Vikamsey (55yo)

    Independent Non-Executive Director

    • Tenure: 3.8yrs
    • Compensation: ₹4.31m
  • Chandran Ratnaswami (70yo)

    Non-Executive Director

    • Tenure: 7.2yrs
  • Kishori Udeshi (76yo)

    Non-Executive Independent Director

    • Tenure: 6.8yrs
    • Compensation: ₹4.95m
  • Madhavan Menon (64yo)

    Chairman

    • Tenure: 3.8yrs
    • Compensation: ₹61.10m
  • Mahesh Iyer (46yo)

    CEO & Executive Director

    • Tenure: 2.7yrs
    • Compensation: ₹35.21m
  • Sumit Maheshwari (37yo)

    Additional Non-Executive Director

    • Tenure: 1.1yrs

Company Information

Thomas Cook (India) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Thomas Cook (India) Limited
  • Ticker: 500413
  • Exchange: BSE
  • Founded: 1881
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: ₹46.141b
  • Shares outstanding: 370.91m
  • Website: https://www.thomascook.in

Number of Employees


Location

  • Thomas Cook (India) Limited
  • Marathon Futurex, A Wing
  • 11th & 13th Floor
  • Mumbai
  • Maharashtra
  • 400013
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500413BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2000
THOMASCOOKNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2000

Biography

Thomas Cook (India) Limited provides integrated travel and travel-related financial services in India and internationally. The company operates through five segments: Financial Services, Travel and Related ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 12:39
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.