Thomas Cook (India) Ltd
NSE:THOMASCOOK

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Thomas Cook (India) Ltd
NSE:THOMASCOOK
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Price: 100.5 INR -6.09% Market Closed
Market Cap: ₹46.8B

EV/EBITDA

6
Current
56%
Cheaper
vs 3-y average of 13.5

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
6
=
Enterprise Value
₹28.1B
/
EBITDA
₹4.5B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
6
=
Enterprise Value
₹28.1B
/
EBITDA
₹4.5B

Valuation Scenarios

Thomas Cook (India) Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (13.5), the stock would be worth ₹226.96 (126% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+231%
Average Upside
158%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 6 ₹100.5
0%
3-Year Average 13.5 ₹226.96
+126%
5-Year Average 10.7 ₹180.18
+79%
Industry Average 19.8 ₹332.58
+231%
Country Average 17.7 ₹297.35
+196%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹28.1B
/
Jan 2026
₹4.5B
=
6
Current
₹28.1B
/
Mar 2026
₹4.7B
=
6
Forward
₹28.1B
/
Mar 2027
₹5.6B
=
5
Forward
₹28.1B
/
Mar 2028
₹6.6B
=
4.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Thomas Cook (India) Ltd
NSE:THOMASCOOK
49.8B INR 6 19.1
CN
H World Group Ltd
BMV:HTHTN
2.7T MXN 128.5 206.7
US
Booking Holdings Inc
NASDAQ:BKNG
143B USD 13.8 25.9
US
Marriott International Inc
NASDAQ:MAR
97.6B USD 23.4 37.5
US
Airbnb Inc
NASDAQ:ABNB
88.1B USD 28.9 34.4
US
Hilton Worldwide Holdings Inc
NYSE:HLT
76.9B USD 30.7 52.7
US
Royal Caribbean Cruises Ltd
NYSE:RCL
71.8B USD 13.3 16.7
US
Carnival Corp
NYSE:CCL
37.3B USD 8 11.9
UK
Carnival PLC
LSE:CCL
26.3B GBP 7.8 12.6
US
Viking Holdings Ltd
NYSE:VIK
35.7B USD 0 0
CN
Trip.com Group Ltd
HKEX:9961
276.3B HKD 10.2 7.2

Market Distribution

Lower than 92% of companies in India
Percentile
8th
Based on 2 785 companies
8th percentile
6
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Thomas Cook (India) Ltd
Glance View

Thomas Cook (India) Ltd. is a venerable name in travel and financial services, tracing its roots back to the pioneering initiatives of its British counterpart in the 19th century. However, its story in India began in 1881, when it set the stage for organized travel in the subcontinent. Recognizable by its robust business model, Thomas Cook (India) operates through a diverse portfolio that includes foreign exchange services, travel offerings, and corporate travel management. It has skillfully adapted to the evolving landscape by integrating technology with its traditional expertise. The company’s travel segment caters to both leisure and business customers, designing and managing trips that are crafted with meticulous attention to detail. This ensures repeat business and customer loyalty, two pivotal elements in its revenue generation strategy. Complementing the travel division is Thomas Cook India's stronghold in the forex services market. Here, it capitalizes on the burgeoning demand for foreign currencies from both corporate clients and individual travelers, taking advantage of its extensive network of branches across India. The travel and forex operations are interlinked, providing a seamless service experience. Through this symbiotic relationship, the company ensures a steady cash flow, sustaining its financial health. Moreover, its foray into the digital realm, with user-friendly online platforms, has opened up new streams of revenue, ensuring that Thomas Cook (India) remains not just a legacy brand, but a dynamic player in an increasingly competitive market.

THOMASCOOK Intrinsic Value
181.27 INR
Undervaluation 45%
Intrinsic Value
Price ₹100.5
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