Stock Price Movement and Market Context
On 20 Feb 2026, Thomas Cook (India) Ltd’s stock price touched Rs.108.5, the lowest level recorded in the past year. This decline comes after two consecutive days of losses, with the stock falling by 1.62% over this period. The day’s movement was slightly negative, with a marginal day change of -0.23%, aligning with the sector’s overall performance. Despite the broader market rally, the stock remains under pressure.
In contrast, the Sensex experienced a sharp recovery after a negative opening, closing at 82,838.52 points, up 0.41% for the day. The benchmark index is currently just 4.01% below its 52-week high of 86,159.02, supported by gains in mega-cap stocks. While the Sensex trades below its 50-day moving average, the 50DMA remains above the 200DMA, signalling a cautiously optimistic market environment.
Thomas Cook’s share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained downward momentum over multiple time frames.
Financial Performance and Valuation Metrics
The company’s financial results have contributed to the subdued market sentiment. The December 2025 quarter saw flat results, with earnings per share (EPS) at a low Rs.0.89. Non-operating income accounted for 45.61% of profit before tax (PBT), highlighting a significant portion of earnings derived from sources outside core business activities.
Over the past year, Thomas Cook (India) Ltd’s stock has underperformed considerably, delivering a negative return of -18.36%, while the Sensex gained 9.38% and the broader BSE500 index rose by 11.96%. This divergence underscores the challenges faced by the company relative to the broader market.
Despite the stock’s underperformance, some financial indicators remain positive. The company maintains a low average debt-to-equity ratio of zero, reflecting a conservative capital structure. Net sales have grown at an annualised rate of 41.27%, and operating profit has increased by 21.12% annually, signalling healthy long-term growth trends.
Return on equity (ROE) stands at 10.2%, and the stock trades at a price-to-book value of 2.2, which is considered attractive relative to peer valuations. However, the price-to-earnings-to-growth (PEG) ratio is elevated at 11.1, indicating that the stock’s price may not fully reflect its earnings growth potential.
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Institutional Holding and Market Sentiment
Institutional investors have increased their stake in Thomas Cook (India) Ltd by 1.45% over the previous quarter, now collectively holding 14.22% of the company’s shares. This rise in institutional participation suggests a degree of confidence in the company’s fundamentals despite recent price weakness.
The company’s Mojo Score currently stands at 37.0, with a Mojo Grade of Sell, downgraded from Hold on 3 Nov 2025. The market capitalisation grade is rated at 3, reflecting the company’s mid-tier size within its sector. These ratings indicate cautious market sentiment and highlight the need for close monitoring of the stock’s performance.
Comparative Performance and Sectoral Positioning
Thomas Cook (India) Ltd operates within the Tour and Travel Related Services sector, which has seen mixed performance amid fluctuating demand and evolving market dynamics. The stock’s 52-week high was Rs.188.45, representing a decline of approximately 42.4% from that peak to the current 52-week low.
While the sector has experienced some recovery, Thomas Cook’s share price has lagged behind, reflecting company-specific factors that have weighed on investor confidence. The stock’s performance relative to sector peers and the broader market remains subdued, with the company’s valuation trading at a discount compared to historical averages of its peer group.
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Summary of Key Metrics
To summarise, Thomas Cook (India) Ltd’s stock has reached a 52-week low of Rs.108.5 amid a backdrop of flat quarterly earnings, a significant portion of profit derived from non-operating income, and underperformance relative to the broader market indices. The company’s financial health is supported by strong sales growth, low leverage, and a reasonable ROE, but the elevated PEG ratio and recent downgrade in Mojo Grade reflect ongoing valuation concerns.
Institutional investors’ increased stake signals some underlying confidence, yet the stock’s position below all major moving averages indicates persistent downward pressure. The contrast between the company’s fundamentals and its share price performance highlights the complex dynamics influencing investor sentiment in the tour and travel services sector.
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