Thomas Cook (India) Ltd Falls to 52-Week Low of Rs.104.1 Amid Market Underperformance

Stock Performance and Market Context

On 25 Feb 2026, Thomas Cook (India) Ltd’s share price touched an intraday low of Rs.104.1, representing a 2.98% drop for the day and a 2.75% decline at close. This marks the lowest price level for the stock in the past year, down from its 52-week high of Rs.188.45. The stock has been on a downward trajectory for the last three consecutive trading sessions, losing 6.17% over this period.

In comparison, the Sensex index has continued its upward momentum, closing 0.7% higher at 82,797.80 points, just 4.06% shy of its own 52-week high of 86,159.02. Mega-cap stocks have led this rally, while Thomas Cook’s shares have lagged behind, underperforming its sector by 1.53% today.

The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish sentiment among market participants.

Financial Metrics and Recent Results

Thomas Cook (India) Ltd reported flat financial results for the quarter ending December 2025, which contributed to the subdued market response. The company’s earnings per share (EPS) for the quarter stood at Rs.0.89, the lowest in recent periods. Notably, non-operating income accounted for 45.61% of the profit before tax (PBT), indicating a significant portion of earnings derived from sources outside core business activities.

Despite the flat quarterly results, the company’s net sales have demonstrated robust long-term growth, increasing at an annualised rate of 41.27%. Operating profit has also expanded at a compound annual growth rate of 21.12%, reflecting underlying business strength over time. Return on equity (ROE) remains at a moderate 10.2%, while the price-to-book value ratio stands at an attractive 2.1, suggesting the stock is trading at a discount relative to its peers’ historical valuations.

Comparative Market Performance

Over the past year, Thomas Cook (India) Ltd has generated a negative return of -19.70%, significantly underperforming the Sensex, which has delivered an 11.00% gain over the same period. The broader BSE500 index has returned 14.53%, further highlighting the stock’s relative weakness.

This underperformance is reflected in the company’s Mojo Score of 37.0 and a Mojo Grade of Sell, downgraded from Hold on 3 Nov 2025. The market capitalisation grade remains low at 3, consistent with the stock’s subdued valuation metrics.

Balance Sheet and Institutional Holding

Thomas Cook maintains a conservative capital structure with an average debt-to-equity ratio of zero, indicating no reliance on debt financing. This financial prudence supports the company’s ability to navigate market fluctuations without excessive leverage risk.

Institutional investors have increased their stake by 1.45% in the previous quarter, now holding 14.22% of the company’s equity. This rise in institutional participation suggests a degree of confidence in the company’s fundamentals despite recent price weakness.

Valuation and Profitability Indicators

The company’s price-to-earnings-growth (PEG) ratio stands at 10.9, reflecting a high valuation relative to its modest profit growth of 1.7% over the past year. This elevated PEG ratio indicates that the market may be pricing in expectations that are not fully supported by recent earnings trends.

While the stock is trading at a discount compared to its peers’ average historical valuations, the combination of flat quarterly earnings, a significant portion of profit from non-operating income, and recent price declines has weighed on investor sentiment.

Summary of Key Metrics

To summarise, Thomas Cook (India) Ltd’s stock has reached a 52-week low of Rs.104.1, reflecting a period of sustained underperformance relative to the broader market and its sector. The company’s financial profile shows strong long-term sales growth and a clean balance sheet, but recent earnings have been subdued with a notable reliance on non-operating income. Institutional investors have marginally increased their holdings, while the stock’s valuation metrics suggest a discount compared to peers despite a high PEG ratio.

These factors collectively provide a comprehensive view of the stock’s current position within the market and its recent price movements.

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