Fortune India 500 2025 edition
Rank#311- Total income
- ₹8,288 Cr
- Profit
- ₹254 Cr
Last year #310
Thomas Cook (India) Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Listed - NSE: THOMASCOOK · BSE: 500413 Public Limited Company financial services Fortune India 500 · #311
Market Cap
₹4,157 Cr
THOMASCOOK · NSE
Share Price
₹89.41
+1.18% today
Revenue
₹8,398 Cr
FY 2025-26 · +3.2% YoY
EBITDA
₹422 Cr
Margin 5.0%
Net Profit
₹221 Cr
FY 2025-26 · -14.0% YoY
P/E (TTM)
18.4x
P/B 2.2x
ROE
8.9%
ROCE 11.8%
Debt / Equity
0.29
Interest cover 36.2x
About Thomas Cook (India) Limited
Data last updated:
Thomas Cook (India) Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Fairbridge Capital (Mauritius) Limited. It operates in the forex services segment of the financial services sector. It was incorporated on 21 October 1978 and has been in existence for over 48 years.
Thomas Cook (India) is ranked #311 on the Fortune India 500 (2025).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L63040MH1978PLC020717. Its GSTIN is 27AAACT4050C1ZT (Maharashtra). The company holds 40 GST registrations, of which 28 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500413 and NSE: THOMASCOOK.
The company has an authorised share capital of ₹697.93 Cr and a paid-up capital of ₹47.04 Cr. It was formerly known as Thomas Cook (India) Private Limited. It is led by directors including Mahesh Chandran Iyer (Managing Director) and Sumit Maheshwari.
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 11th Floor Marathon Futurex Nm Joshi Marg Lower Parel East, Mumbai, Maharashtra, India – 400013.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹8,398.17 Cr, a growth of 3.2% compared to the previous year. For the same year it recorded a net profit of ₹221.42 Cr (net margin 2.6%) and EBITDA of ₹421.56 Cr (EBITDA margin 5%). The net worth stands at ₹2,546.34 Cr (up 12.7% YoY). Total assets are valued at ₹3,673.74 Cr (up 10.3% YoY).
The company has about 2,450 employees on its provident fund (EPFO) records. Its group structure includes 11 subsidiaries.
The company is associated with 2 brands: SOTC India and Thomas Cook. As per MCA filings, the company has open charges of ₹403.82 Cr and satisfied charges of ₹487.61 Cr on record. Court records list 314 cases involving the company, including 176 filed by the company and 139 filed against it; 58 cases are pending. The company has 31 deals on record (17 funding rounds, 9 market trades, 4 secondary share transfers), with disclosed funding of ₹1,455.6 Cr; the latest was in June 2026. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 17 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thomascook.in.
Company details
CIN L63040MH1978PLC020717
Registration Number 020717
Incorporation Date 21 October 1978
ROC Mumbai
Listing Status Listed - Listed on NSE (THOMASCOOK); Listed on BSE (500413)
Company Status Active
Date of Last AGM 03 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Fairbridge Capital (Mauritius) Limited
Compliance Status Active Compliant
Key People
Mahesh Chandran Iyer Managing Director Brijesh Sureshchandra Modi Cfo Sumit Maheshwari Director Recognitions & Rankings of Thomas Cook (India)
Contact details
Thomas Cook (India) Limited's registered office is in Mumbai, Maharashtra. Its website is thomascook.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address11th Floor Marathon Futurex Nm Joshi Marg Lower Parel East, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Forex Services
To see the full contact details of Thomas Cook (India) Limited, buy the company report.
Comprehensive company report
Thomas Cook (India) Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included
Brands
Thomas Cook (India) operates two associated brands: SOTC India and Thomas Cook. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive travel services and solutions for customers. | sotcindia.com | |
| Holiday and tour packages are provided for travelers. | thomascook.in |
Financials of Thomas Cook (India) Limited
FY 2025-26 filings availableThomas Cook (India) Limited reported revenue of ₹8,398.17 Cr (up 3.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹8,398 Cr
+3.2% YoY
EBITDA
₹422 Cr
-10.3% YoY
Profit After Tax
₹221 Cr
-14.0% YoY
Net Worth
₹2,546 Cr
+12.7% YoY
Total Assets
₹3,674 Cr
+10.3% YoY
Total Debt
₹539 Cr
+16.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 8,398 | 8,140 | 7,299 | 5,048 | 1,888 | 795 | 6,833 |
| Revenue growth | +3.2% | +11.5% | +44.6% | +167.3% | +137.5% | -88.4% | - |
| EBITDA | 422 | 470 | 435 | 176 | (190) | (357) | 67.09 |
| EBITDA margin | +5.0% | +5.8% | +6.0% | +3.5% | -10.1% | -44.9% | +1.0% |
| Profit before tax | 330 | 382 | 345 | 26.84 | (322) | (416) | (68.64) |
| Net profit | 221 | 258 | 259 | 6.77 | (227) | (250) | 21.64 |
| Net profit margin | +2.6% | +3.2% | +3.6% | +0.1% | -12.0% | -31.4% | +0.3% |
| EPS (₹) | 4.65 | 5.41 | 5.51 | 0.14 | (5.18) | (6.72) | (0.02) |
| Balance sheet | |||||||
| Total assets | 3,674 | 3,330 | 3,145 | 2,963 | 3,004 | 3,340 | 3,317 |
| Net worth | 2,546 | 2,260 | 2,057 | 1,713 | 1,695 | 1,929 | 1,664 |
| Total debt | 539 | 465 | 418 | 539 | 598 | 612 | 762 |
| Cash & bank | 1,094 | 1,004 | 1,188 | 761 | 548 | 847 | 1,061 |
| Net working capital | (613) | (216) | (434) | (346) | (301) | 45.66 | (10.36) |
| Cash flow | |||||||
| Cash from operations | 643 | 717 | 829 | 649 | (139) | (581) | 120 |
| Cash from investing | (384) | (325) | (437) | (179) | (123) | 351 | (184) |
| Cash from financing | (189) | (183) | (291) | (230) | (84.75) | 335 | (170) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,092 | 1,771 | 2,146 | 2,074 | 2,408 | 1,969 | 2,061 | 2,004 |
| Revenue growth (YoY) | -13.1% | -10.1% | +4.1% | +3.5% | +14.3% | - | - | - |
| Other income | 61.32 | 36.27 | 40.93 | 64.48 | 45.31 | 53.14 | 22.08 | 43.39 |
| EBITDA | 92.83 | 76.82 | 84.37 | 108 | 127 | 95.19 | 112 | 125 |
| EBITDA margin | +4.4% | +4.3% | +3.9% | +5.2% | +5.3% | +4.8% | +5.4% | +6.2% |
| Depreciation | 42.20 | 42.42 | 41.45 | 39.19 | 36.47 | 36.36 | 36.91 | 34.71 |
| Interest | 23.49 | 23.04 | 24.21 | 23.69 | 23.83 | 23.53 | 25.95 | 23.60 |
| Profit before tax | 88.46 | 47.63 | 59.64 | 110 | 112 | 88.44 | 71.26 | 110 |
| Tax | 24.75 | 16.95 | 14.77 | 39.28 | 37.97 | 25.11 | 24.60 | 37.98 |
| Net profit | 63.71 | 30.68 | 44.87 | 70.52 | 73.56 | 63.33 | 46.66 | 71.61 |
| EPS (₹) | 1.55 | 0.87 | 1.35 | 1.06 | 1.55 | 1.45 | 1.14 | 1.39 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,134 | 2,074 | 1,998 | 1,364 | 286 | 187 | 2,125 |
| Revenue growth | +2.9% | +3.8% | +46.5% | +377.4% | +52.7% | -91.2% | - |
| EBITDA | 35.95 | 64.61 | 62.03 | (30.71) | (154) | (138) | (15.84) |
| EBITDA margin | +1.7% | +3.1% | +3.1% | -2.3% | -54.1% | -73.6% | -0.8% |
| Profit before tax | 171 | 165 | 149 | 18.74 | (123) | (56.36) | (21.77) |
| Net profit | 111 | 109 | 97.24 | 1.66 | (77.19) | (13.34) | 0.46 |
| Net profit margin | +5.2% | +5.3% | +4.9% | +0.1% | -27.0% | -7.1% | +0.0% |
| EPS (₹) | 2.54 | 2.27 | 2.06 | 0.03 | (1.86) | (0.38) | (0.66) |
| Balance sheet | |||||||
| Total assets | 2,214 | 2,054 | 1,965 | 1,952 | 2,004 | 2,071 | 1,595 |
| Net worth | 2,045 | 1,939 | 1,846 | 1,770 | 1,767 | 1,868 | 1,439 |
| Total debt | 116 | 80.23 | 88.84 | 148 | 198 | 145 | 127 |
| Cash & bank | 553 | 560 | 774 | 426 | 404 | 689 | 679 |
| Net working capital | 308 | 538 | 358 | 427 | 441 | 507 | 70.53 |
| Cash flow | |||||||
| Cash from operations | 225 | 371 | 453 | 452 | 7.32 | (329) | 79.45 |
| Cash from investing | (75.70) | (179) | (294) | (235) | (385) | 87.20 | (86.50) |
| Cash from financing | (56.45) | (85.44) | (123) | (114) | 18.45 | 476 | (41.94) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 828 | 327 | 402 | 587 | 818 | 392 | 427 | 502 |
| Revenue growth (YoY) | +1.2% | -16.5% | -5.9% | +17.0% | +8.6% | - | - | - |
| Other income | 54.96 | 52.76 | 43.11 | 68.06 | 61.78 | 53.42 | 38.26 | 42.71 |
| Total expenses | 786 | 337 | 430 | 564 | 787 | 402 | 431 | 479 |
| EBITDA | 41.40 | (9.12) | (27.51) | 23.06 | 30.76 | (9.21) | (4.10) | 22.97 |
| EBITDA margin | +5.0% | -2.8% | -6.8% | +3.9% | +3.8% | -2.3% | -1.0% | +4.6% |
| Depreciation | 8.48 | 8.48 | 8.72 | 8.24 | 8.08 | 7.77 | 7.49 | 7.33 |
| Interest | 9.44 | 9.44 | 9.68 | 9.16 | 9.96 | 9.68 | 10.74 | 10.20 |
| Profit before tax | 78.44 | 25.72 | (2.80) | 73.72 | 74.50 | 26.76 | 15.93 | 48.15 |
| Tax | 19.72 | 6.58 | (0.66) | 26.73 | 18.96 | 10.88 | 5.27 | 16.49 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,092 | 1,771 | 2,146 | 2,074 | 2,408 | 1,969 | 2,061 | 2,004 |
| Revenue growth (YoY) | -13.1% | -10.1% | +4.1% | +3.5% | +14.3% | - | - | - |
| Other income | 61.32 | 36.27 | 40.93 | 64.48 | 45.31 | 53.14 | 22.08 | 43.39 |
| EBITDA | 92.83 | 76.82 | 84.37 | 108 | 127 | 95.19 | 112 | 125 |
| EBITDA margin | +4.4% | +4.3% | +3.9% | +5.2% | +5.3% | +4.8% | +5.4% | +6.2% |
| Depreciation | 42.20 | 42.42 | 41.45 | 39.19 | 36.47 | 36.36 | 36.91 | 34.71 |
| Interest | 23.49 | 23.04 | 24.21 | 23.69 | 23.83 | 23.53 | 25.95 | 23.60 |
| Profit before tax | 88.46 | 47.63 | 59.64 | 110 | 112 | 88.44 | 71.26 | 110 |
| Tax | 24.75 | 16.95 | 14.77 | 39.28 | 37.97 | 25.11 | 24.60 | 37.98 |
| Net profit | 63.71 | 30.68 | 44.87 | 70.52 | 73.56 | 63.33 | 46.66 | 71.61 |
| EPS (₹) | 1.55 | 0.87 | 1.35 | 1.06 | 1.55 | 1.45 | 1.14 | 1.39 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 8,398 | 8,140 | 7,299 | 5,048 | 1,888 | 795 | 6,833 |
| Revenue growth | +3.2% | +11.5% | +44.6% | +167.3% | +137.5% | -88.4% | - |
| Other income | 163 | 149 | 136 | 64.14 | 58.53 | 151 | 116 |
| Total expenses | 7,977 | 7,670 | 6,864 | 4,872 | 2,079 | 1,152 | 6,765 |
| Employee cost | 1,171 | 1,041 | 961 | 770 | 582 | 494 | 936 |
| EBITDA | 422 | 470 | 435 | 176 | (190) | (357) | 67.09 |
| EBITDA margin | +5.0% | +5.8% | +6.0% | +3.5% | -10.1% | -44.9% | +1.0% |
| Depreciation | 160 | 142 | 128 | 124 | 129 | 148 | 151 |
| Interest | 94.77 | 94.60 | 99.23 | 89.14 | 61.58 | 62.21 | 101 |
| Profit before tax | 330 | 382 | 345 | 26.84 | (322) | (416) | (68.64) |
| Tax | 109 | 124 | 73.83 | 16.48 | (68.31) | (121) | (50.99) |
| Net profit | 221 | 258 | 259 | 6.77 | (227) | (250) | 21.64 |
| Net profit margin | +2.6% | +3.2% | +3.6% | +0.1% | -12.0% | -31.4% | +0.3% |
| EPS (₹) | 4.65 | 5.41 | 5.51 | 0.14 | (5.18) | (6.72) | (0.02) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 47.04 | 47.04 | 47.04 | 47.04 | 44.23 | 37.83 | 37.83 |
| Reserves & surplus | 2,530 | 2,245 | 2,046 | 1,710 | 1,697 | 1,506 | 1,678 |
| Shareholders' funds (net worth) | 2,546 | 2,260 | 2,057 | 1,713 | 1,695 | 1,929 | 1,664 |
| Minority interest | (22.79) | (22.92) | (24.98) | (38.68) | (40.21) | (13.24) | 29.90 |
| Secured loans | 134 | 144 | 135 | 271 | 342 | 220 | 325 |
| Unsecured loans | 405 | 321 | 283 | 268 | 257 | 392 | 437 |
| Total debt | 539 | 465 | 418 | 539 | 598 | 612 | 762 |
| Total liabilities | 3,674 | 3,330 | 3,145 | 2,963 | 3,004 | 3,340 | 3,317 |
| Assets | |||||||
| Gross block | 4,226 | 3,748 | 3,624 | 3,348 | 3,258 | 3,201 | 3,180 |
| Net block | 3,147 | 2,809 | 2,770 | 2,576 | 2,580 | 2,628 | 2,707 |
| Capital work in progress | 9.72 | 93.38 | 59.57 | 26.39 | 13.61 | 5.89 | 11.90 |
| Investments | 287 | 134 | 134 | 106 | 129 | 130 | 100 |
| Inventories | 49.80 | 36.17 | 40.42 | 30.15 | 21.58 | 17.60 | 22.98 |
| Sundry debtors | 663 | 632 | 646 | 568 | 235 | 128 | 474 |
| Cash & bank balances | 1,094 | 1,004 | 1,188 | 761 | 548 | 847 | 1,061 |
| Loans & advances | 1,675 | 1,810 | 910 | 988 | 504 | 448 | 607 |
| Total current assets | 3,481 | 3,482 | 2,784 | 2,347 | 1,309 | 1,442 | 2,165 |
| Total current liabilities | 4,094 | 3,698 | 3,218 | 2,693 | 1,610 | 1,396 | 2,175 |
| Net working capital | (613) | (216) | (434) | (346) | (301) | 45.66 | (10.36) |
| Total assets | 3,674 | 3,330 | 3,145 | 2,963 | 3,004 | 3,340 | 3,317 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 795 | 586 | 485 | 246 | 593 | 488 | 722 |
| Net cash from operating activities | 643 | 717 | 829 | 649 | (139) | (581) | 120 |
| Net cash from investing activities | (384) | (325) | (437) | (179) | (123) | 351 | (184) |
| Net cash from financing activities | (189) | (183) | (291) | (230) | (84.75) | 335 | (170) |
| Net change in cash | 69.41 | 210 | 101 | 239 | (347) | 105 | (234) |
| Closing cash | 1,094 | 1,004 | 1,188 | 761 | 548 | 847 | 1,061 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.2% | +11.5% | +44.6% | +167.3% | +137.5% | -88.4% | - |
| EBITDA growth | -10.3% | +7.9% | +147.6% | +192.3% | +46.6% | -632.0% | - |
| PBT growth | -13.7% | +10.8% | +1185.2% | +9998.0% | +22.6% | -506.7% | - |
| Net income growth | -14.0% | -0.8% | +3732.2% | +103.0% | +9.2% | -1254.8% | - |
| Revenue CAGR (3Y) | +18.5% | +62.8% | +109.4% | -9.6% | -34.1% | -58.7% | -8.0% |
| EBITDA CAGR (3Y) | +33.8% | - | - | +37.9% | - | - | -41.7% |
| Profitability & leverage | |||||||
| Net income margin | +2.6% | +3.2% | +3.7% | +0.2% | -13.5% | -37.1% | -0.3% |
| Return on capital employed | +11.8% | +13.2% | +12.0% | +3.7% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +8.9% | +10.3% | +10.9% | +0.6% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.29 | 0.28 | 0.36 | 0.49 | 0.47 | 0.45 | 0.11 |
| Long-term debt / equity | 0.15 | 0.17 | 0.19 | 0.20 | 0.18 | 0.20 | 0.06 |
| Interest cover | 36.17 | 28.84 | 32.23 | 171.95 | -19.30 | -12.32 | -121.01 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.52 | 2.64 | 2.50 | 1.82 | 0.70 | 0.27 | 2.32 |
| Inventory turnover | 195.37 | 212.55 | 206.87 | 195.15 | 96.39 | 39.18 | 352.47 |
| Debtors turnover | 12.97 | 12.74 | 12.03 | 12.58 | 10.38 | 2.64 | 10.48 |
| EPS (₹) | 4.65 | 5.41 | 5.51 | 0.14 | (5.18) | (6.72) | (0.02) |
| Dividend per share (₹) | 0.50 | 0.45 | 0.60 | 0.40 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 39.70 | 36.09 | 31.62 | 25.93 | 27.24 | 26.86 | 45.36 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 828 | 327 | 402 | 587 | 818 | 392 | 427 | 502 |
| Revenue growth (YoY) | +1.2% | -16.5% | -5.9% | +17.0% | +8.6% | - | - | - |
| Other income | 54.96 | 52.76 | 43.11 | 68.06 | 61.78 | 53.42 | 38.26 | 42.71 |
| Total expenses | 786 | 337 | 430 | 564 | 787 | 402 | 431 | 479 |
| EBITDA | 41.40 | (9.12) | (27.51) | 23.06 | 30.76 | (9.21) | (4.10) | 22.97 |
| EBITDA margin | +5.0% | -2.8% | -6.8% | +3.9% | +3.8% | -2.3% | -1.0% | +4.6% |
| Depreciation | 8.48 | 8.48 | 8.72 | 8.24 | 8.08 | 7.77 | 7.49 | 7.33 |
| Interest | 9.44 | 9.44 | 9.68 | 9.16 | 9.96 | 9.68 | 10.74 | 10.20 |
| Profit before tax | 78.44 | 25.72 | (2.80) | 73.72 | 74.50 | 26.76 | 15.93 | 48.15 |
| Tax | 19.72 | 6.58 | (0.66) | 26.73 | 18.96 | 10.88 | 5.27 | 16.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,134 | 2,074 | 1,998 | 1,364 | 286 | 187 | 2,125 |
| Revenue growth | +2.9% | +3.8% | +46.5% | +377.4% | +52.7% | -91.2% | - |
| Other income | 207 | 170 | 153 | 112 | 74.14 | 131 | 65.83 |
| Total expenses | 2,098 | 2,009 | 1,936 | 1,395 | 440 | 325 | 2,141 |
| Employee cost | 314 | 261 | 242 | 174 | 148 | 142 | 237 |
| EBITDA | 35.95 | 64.61 | 62.03 | (30.71) | (154) | (138) | (15.84) |
| EBITDA margin | +1.7% | +3.1% | +3.1% | -2.3% | -54.1% | -73.6% | -0.8% |
| Depreciation | 33.52 | 29.67 | 25.31 | 23.17 | 24.14 | 28.81 | 31.35 |
| Interest | 38.24 | 39.89 | 41.23 | 39.28 | 18.60 | 21.24 | 40.41 |
| Profit before tax | 171 | 165 | 149 | 18.74 | (123) | (56.36) | (21.77) |
| Tax | 51.61 | 58.31 | 52.23 | 17.24 | (40.63) | (41.86) | 3.14 |
| Net profit | 111 | 109 | 97.24 | 1.66 | (77.19) | (13.34) | 0.46 |
| Net profit margin | +5.2% | +5.3% | +4.9% | +0.1% | -27.0% | -7.1% | +0.0% |
| EPS (₹) | 2.54 | 2.27 | 2.06 | 0.03 | (1.86) | (0.38) | (0.66) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 47.04 | 47.04 | 47.04 | 47.04 | 44.23 | 37.83 | 37.83 |
| Reserves & surplus | 1,998 | 1,891 | 1,834 | 1,767 | 1,768 | 1,444 | 1,453 |
| Shareholders' funds (net worth) | 2,045 | 1,939 | 1,846 | 1,770 | 1,767 | 1,868 | 1,439 |
| Secured loans | 56.96 | 46.40 | 57.75 | 121 | 52.53 | 0.00 | 0.00 |
| Unsecured loans | 58.84 | 33.83 | 31.09 | 26.63 | 145 | 145 | 127 |
| Total debt | 116 | 80.23 | 88.84 | 148 | 198 | 145 | 127 |
| Total liabilities | 2,214 | 2,054 | 1,965 | 1,952 | 2,004 | 2,071 | 1,595 |
| Assets | |||||||
| Gross block | 510 | 483 | 463 | 393 | 379 | 377 | 389 |
| Net block | 318 | 308 | 298 | 242 | 251 | 259 | 291 |
| Capital work in progress | 0.87 | 3.05 | 5.02 | 1.05 | 1.54 | 0.00 | 1.12 |
| Investments | 963 | 947 | 960 | 980 | 1,017 | 1,027 | 953 |
| Inventories | 0.11 | 0.03 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 330 | 334 | 350 | 308 | 122 | 63.97 | 157 |
| Cash & bank balances | 553 | 560 | 774 | 426 | 404 | 689 | 679 |
| Loans & advances | 1,842 | 1,818 | 1,172 | 1,156 | 768 | 442 | 227 |
| Total current assets | 2,725 | 2,712 | 2,296 | 1,890 | 1,294 | 1,195 | 1,062 |
| Total current liabilities | 2,416 | 2,175 | 1,938 | 1,462 | 853 | 688 | 992 |
| Net working capital | 308 | 538 | 358 | 427 | 441 | 507 | 70.53 |
| Total assets | 2,214 | 2,054 | 1,965 | 1,952 | 2,004 | 2,071 | 1,595 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 440 | 334 | 299 | 195 | 555 | 321 | 370 |
| Net cash from operating activities | 225 | 371 | 453 | 452 | 7.32 | (329) | 79.45 |
| Net cash from investing activities | (75.70) | (179) | (294) | (235) | (385) | 87.20 | (86.50) |
| Net cash from financing activities | (56.45) | (85.44) | (123) | (114) | 18.45 | 476 | (41.94) |
| Net change in cash | 92.47 | 106 | 35.49 | 103 | (359) | 234 | (48.99) |
| Closing cash | 553 | 560 | 774 | 426 | 404 | 689 | 679 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +2.9% | +3.8% | +46.5% | +377.4% | +52.7% | -91.2% | - |
| EBITDA growth | -44.4% | +4.2% | +302.0% | +80.1% | -12.1% | -770.0% | - |
| PBT growth | +3.5% | +11.0% | +694.6% | +9998.0% | -118.4% | -158.9% | - |
| Net income growth | +2.0% | +11.9% | +5757.8% | +102.2% | -478.6% | -3000.0% | - |
| Revenue CAGR (3Y) | +16.1% | +93.6% | +120.2% | -13.7% | -49.9% | -53.9% | +7.4% |
| EBITDA CAGR (3Y) | - | - | - | +24.7% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +5.6% | +5.2% | +4.8% | +0.1% | -28.9% | -7.8% | -1.2% |
| Return on capital employed | +9.9% | +10.3% | +9.8% | +3.0% | -5.1% | -1.9% | +2.5% |
| Return on net worth | +6.1% | +5.7% | +5.4% | +0.1% | -4.5% | -0.9% | +0.0% |
| Debt / equity | 0.05 | 0.05 | 0.07 | 0.10 | 0.09 | 0.08 | 0.05 |
| Long-term debt / equity | 0.03 | 0.03 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 |
| Interest cover | 1,573.66 | 114.17 | 112.28 | -72.90 | -10.41 | -12.75 | -85.63 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.48 | 4.55 | 4.75 | 3.53 | 0.76 | 0.49 | 6.13 |
| Inventory turnover | 30,482.86 | 37,703.82 | 49,942.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 6.43 | 6.07 | 6.08 | 6.35 | 3.07 | 1.69 | 8.63 |
| EPS (₹) | 2.54 | 2.27 | 2.06 | 0.03 | (1.86) | (0.38) | (0.66) |
| Dividend per share (₹) | 0.50 | 0.45 | 0.60 | 0.40 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 43.04 | 40.78 | 39.68 | 38.57 | 40.98 | 39.18 | 39.40 |
To see the full year-wise statements and ratios of Thomas Cook (India) Limited, buy the company report.
Board of directors and KMP of Thomas Cook (India) Limited
Thomas Cook (India) Limited currently reports 8 directors and 1 key managerial person. 31 former directors have served the organization.
Current Directors and KMP
Showing 6 of 9 current directors and KMP. View all directors and KMP
Auditor
Thomas Cook (India) Limited is audited by B S R & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 64.80%, foreign institutional investors hold 6.20%, domestic institutional investors hold 6.60% and retail and other public shareholders hold 22.40%.
Sep 2026
QUARTER
64.80% Promoters
6.60% DII (Domestic Institutional)
6.20% FII (Foreign Institutional)
22.40% Retail & Others
Promoter holding - history
Now 64.80% · Sep 2026High 64.80% · Sep 2026Low 63.80% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 64.80% | 63.80% | 63.80% | 63.80% |
| Public | 35.20% | 36.20% | 36.20% | 36.20% |
Charges & borrowings
Open charges
₹403.82 Cr
Satisfied charges
₹487.61 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2022 | 100543279 | Others | ₹403.82 Cr | Open | |
| 23 Mar 2022 | 100553990 | Hdfc Bank Limited | ₹58.9 Cr | Satisfied | |
| 14 Sep 2012 | 10378797 | Housing Development Finance Corporation Limited | ₹5 Cr | Satisfied | |
| 12 Jul 2012 | 10367784 | Il&Fs Financial Services Limited | ₹55 Cr | Satisfied | |
| 24 Jan 2011 | 10268473 | Il&Fs Financial Services Limited | ₹50 Cr | Satisfied |
To see the full charge records of Thomas Cook (India) Limited, buy the company report.
Total charge records: 57 View all charges
Deals & funding
Thomas Cook (India) Limited has 31 deals on record (17 funding rounds, 9 market trades, 4 secondary share transfers), with disclosed funding of ₹1,455.6 Cr; the latest was in June 2026.
Total deals
31
Funding rounds
17
Market trades
9
Secondary share transfers
4
QIP
1
Disclosed funding
₹1,455.6 Cr
Deals on record (5 of 31)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹28.96 Cr | Buyer: Qe Securities LLP Seller: Qe Securities LLP |
| May 2013 | QIP | ₹183.93 Cr | Investors: Morgan Stanley Investment Management, Tiger Global, Jp Morgan |
| Jul 2012 | Market trade | ₹11.04 Cr | Seller: Ratnabali Capital Markets Private Limited |
| Aug 2010 | Market trade | ₹49.69 Cr | Buyer: Reliance Mutual Fund Seller: LKP Finance Limited |
| Aug 2010 | Market trade | ₹17.99 Cr | Buyer: JMP Securities Private Limited Seller: LKP Finance Limited |
To see the full deal history of Thomas Cook (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Thomas Cook (India) Limited has 314 court cases on record: 176 filed by Thomas Cook (India), 139 filed against it. 58 cases are pending and 256 are disposed.
Total cases
314
Filed by the company
176
Filed against the company
139
Pending
58
Disposed
256
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 172 | 64 | 40 |
| District courts | 131 | 70 | 16 |
| Supreme Court | 9 | 5 | 1 |
| NCLAT | 2 | 0 | 1 |
Cases on record (5 of 314)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed against the company by Thomas Cook India Limited and 1 other | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against Thomas Cook India Limited and 3 others | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against M/S Wockhardt Limited and 15 others | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed by the company against Sea Glimpse Investments Private Ltd L K P Finance Ltd Known As Kanu Manu Investments Private Ltd and 2 others | Disposed |
| NCLAT, Court II | Tribunal matter | Filed by the company against South Asia Communication Pvt Ltd and 7 others | Disposed |
To see the full case history of Thomas Cook (India) Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Thomas Cook (India) Limited was last rated by Crisil on 13 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 Oct 2020 |
To see the full credit ratings and regulatory alerts of Thomas Cook (India) Limited, buy the company report.
MSME payment delays
Thomas Cook (India) Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 17 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Blu-Smart Mobility Tech Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Manpho Convention Centre |
To see the full MSME payment records of Thomas Cook (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Thomas Cook (India) has 11 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
11
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Nature Trails Resorts Private Limited | U55100MH2005PTC150901 | |
| Sterling Holidays (Ooty) Limited | U55102TN1989PLC018344 | |
| TC Tours Limited | U63040MH1989PLC054761 | |
| Sotc Travel Ltd | U63040MH2001PLC131691 | |
| Travel Corporation (India) Limited | U63040MH2001PLC131693 | |
| Sterling Holiday Resorts Limited | U63040TN1989PLC114064 |
To see the full group structure of Thomas Cook (India) Limited, buy the company report.
Employees & EPFO
Thomas Cook (India) Limited has a workforce of 2,450 employees on its EPFO records as of Dec 01, 2025, across 1 active EPFO establishment.
Employee count
2,450
Active EPFO establishments
1
Employee growth
4.17%
GST
Thomas Cook (India) has 40 GST registrations: 28 active and 12 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
40
Active
28
Cancelled / inactive
12
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT4050C1ZT | Maharashtra | Active | 01 Jul 2017 |
| 27AAACT4050C2ZS | Maharashtra | Active | 11 Jul 2017 |
| 02AAACT4050C2Z4 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACT4050C2Z2 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thomas Cook (India) Limited, buy the company report.
Recent activity
Thomas Cook (India) Limited has 40 board changes on record since 2007: 9 appointments and 31 cessations. The latest: Mahalingam G was appointed as Director on 19 Dec 2025.
Filing
Thomas Cook (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Mahalingam G was appointed as Director.
AGM
Thomas Cook (India) Limited last Annual general meeting of members was held on 03 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 403.82 Cr registered on 22 Feb 2022 with Charge ID 100543279 was modified on 23 Jul 2025.
Appointed
Sharad Kumar Saxena was appointed as Director.
Charges
A charge registered on 23 Mar 2022 via Charge ID 100553990 with Hdfc Bank Limited was fully satisfied on 08 Oct 2024.
Appointed
Rahul Narain Bhagat was appointed as Director.
Ceased
Kishori Jayendra Udeshi ceased to be Director.
Ceased
Madhavan Menon Karunakaran ceased to be Managing Director.
Charges
A charge with Hdfc Bank Limited of Rs. 58.90 Cr registered on 23 Mar 2022 with Charge ID 100553990 was modified on 28 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 58.90 Cr with Charge ID 100553990 was registered on 23 Mar 2022.
Charges
A charge with Others amounted to Rs. 403.82 Cr with Charge ID 100543279 was registered on 22 Feb 2022.
173 earlier events are in the company report.
News
Thomas Cook (India): Sterling Holiday Resorts Opens Leopard Haven Jawai In Rajasthan; Expands Wilderness Portfolio With 19 Cottages And Unique Local Experiences.
Thomas Cook (India): Sterling Holiday Resorts Expands Spiritual Tourism With New Hotel In Varanasi; Located Near Sankat Mochan Hanuman Temple; Offers 33 Rooms And A Vegetarian Restaurant.
Thomas Cook (India): To Hold Analyst And Investor Meeting On September 29 At Noon
Frequently asked questions
Thomas Cook (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 21 October 1978 (48+ years old) and is registered under CIN L63040MH1978PLC020717. Listed on BSE: 500413 and NSE: THOMASCOOK.
Thomas Cook (India) reported revenue of ₹8,398.17 Cr for FY 2025-26 (up 3.2% YoY) based on consolidated financials.
Thomas Cook (India) has 9 current directors and KMP:
- Mahesh Chandran Iyer - Managing Director
- Sumit Maheshwari - Director
- Mahalingam G - Director
- Sharad Kumar Saxena - Director
- Sharmila Abhay Karve - Director
- Rahul Narain Bhagat - Director
- Chandran Ratnaswami - Director
- Gopalakrishnan Soundarajan - Director
- Brijesh Sureshchandra Modi - Cfo
The latest financial statements of Thomas Cook (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 03 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thomas Cook (India) is 27AAACT4050C1ZT, registered in Maharashtra. The company has 40 GST registrations in all, of which 28 are active and 12 are cancelled or inactive. Other active GSTINs include 27AAACT4050C2ZS (Maharashtra), 02AAACT4050C2Z4 (Himachal Pradesh), 03AAACT4050C2Z2 (Punjab).
The CIN (Corporate Identification Number) of Thomas Cook (India) is L63040MH1978PLC020717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Thomas Cook (India) is a listed company as per MCA records. Its shares are listed on both BSE (code: 500413) and NSE (symbol: THOMASCOOK).
Thomas Cook (India) has 314 court cases on record: 176 filed by the company and 139 filed against it. 58 are pending. Most are in the high courts.
Thomas Cook (India) was incorporated on 21 October 1978, making it 48+ years old. It is registered with the Registrar of Companies, Mumbai.
Thomas Cook (India) has 31 deals on record (17 funding rounds, 9 market trades, 4 secondary share transfers), with disclosed funding of ₹1,455.6 Cr; the latest was in June 2026.
Mahalingam G was appointed as Director on 19 Dec 2025. Sharad Kumar Saxena was appointed as Director on 04 Feb 2025. Rahul Narain Bhagat was appointed as Director on 09 Jul 2024. Thomas Cook (India) has 40 board changes on record in total.