Thomas Cook (India) Ltd Falls to 52-Week Low Amid Market Downturn

Stock Price Movement and Market Context

On 19 Feb 2026, Thomas Cook (India) Ltd’s stock closed near its 52-week low, with an intraday high of Rs 114.35, representing a 2.88% rise during the session. Despite this intraday strength, the stock remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum. The stock’s day change was -1.39%, aligning with the sector’s overall performance.

In comparison, the Nifty index closed at 25,454.35, down 365 points or 1.41%, and remains 3.61% below its 52-week high of 26,373.20. The broader market is experiencing declines across all market capitalisation segments, with large caps exerting the greatest downward pressure. The Nifty Next 50 index fell by 1.86%, underscoring a challenging environment for equities.

Relative Performance Over the Past Year

Thomas Cook (India) Ltd has underperformed significantly over the past twelve months, delivering a negative return of -8.40%. This contrasts sharply with the Sensex, which posted a positive return of 8.64%, and the BSE500 index, which generated 12.01% returns over the same period. The stock’s 52-week high was Rs 188.29, indicating a substantial decline of approximately 42% from its peak.

Financial Metrics and Profitability

The company’s recent quarterly results have been flat, with earnings per share (EPS) at a low of Rs 0.89. Notably, non-operating income accounted for 45.61% of profit before tax (PBT), highlighting a significant contribution from sources outside core business activities. Despite this, profits have increased marginally by 1.7% over the past year.

Thomas Cook (India) Ltd maintains a low average debt-to-equity ratio of zero, indicating a debt-free capital structure. The company has demonstrated healthy long-term growth, with net sales expanding at an annual rate of 41.27% and operating profit growing at 21.12% per annum. Return on equity (ROE) stands at 10.2%, reflecting moderate profitability relative to shareholder equity.

Valuation and Market Sentiment

The stock trades at a price-to-book value of 2.2, which is considered attractive relative to its peers’ historical valuations. However, the company’s price-to-earnings-to-growth (PEG) ratio is elevated at 11.2, reflecting a disparity between earnings growth and current market price. This suggests that the stock’s valuation may not fully align with its earnings trajectory.

Institutional investors have increased their holdings by 1.45% over the previous quarter, now collectively owning 14.22% of the company’s shares. This increased participation indicates a degree of confidence from investors with greater analytical resources, despite the stock’s recent price weakness.

Sector and Industry Considerations

Operating within the Tour and Travel Related Services sector, Thomas Cook (India) Ltd faces a competitive environment that has seen mixed performance across peers. The sector’s overall performance has been subdued, with the stock’s recent price action mirroring broader challenges faced by travel-related companies in the current market cycle.

Mojo Score and Analyst Ratings

Thomas Cook (India) Ltd currently holds a Mojo Score of 37.0, which corresponds to a Sell grade. This represents a downgrade from its previous Hold rating as of 3 Nov 2025. The market capitalisation grade is rated at 3, reflecting the company’s mid-tier size within the market. These ratings underscore the cautious stance adopted by analysts based on recent financial and market performance.

Summary of Key Metrics

To summarise, Thomas Cook (India) Ltd’s stock has reached a 52-week low of Rs 108.9, closing near this level on 19 Feb 2026. The stock’s year-to-date and one-year performance have lagged behind major indices and sector averages. Despite healthy sales growth and a debt-free balance sheet, earnings growth has been modest and valuation metrics present a mixed picture. Institutional investor interest has increased slightly, but the overall market sentiment remains subdued.

Conclusion

The stock’s decline to its 52-week low reflects a combination of factors including flat quarterly earnings, a significant portion of profit derived from non-operating income, and underperformance relative to the broader market. While the company exhibits strengths in sales growth and capital structure, these have not translated into sustained share price appreciation over the past year. The current market environment and sector dynamics continue to influence the stock’s trajectory.

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