Thomas Cook (India)

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA by CRISIL.
• ResultsMixedIn the Jun 2026 quarter, sales fell 13% and profit fell 14% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters buyingThe promoters (founders or parent) own 65%, up from 64% in Jun 2025.
• ValuationCheap vs its pastThe share trades at 18.5 times its yearly earnings (P/E), cheaper than 96% of the time in the last 3 years. Its usual P/E is about 21.

Thomas Cook (India) against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)18.5 against a typical 22.1: cheaper than most peers (1st = cheapest).11th of 22
• Sales growth−13.1% against a typical +18.1% from a year earlier.13th of 15
• Profit growth−13.5% against a typical −13.5% from a year earlier.7th of 13
• Share price, 3 months−9.4% against a typical −10.1%.10th of 22
• Size₹ 4,207.5 Cr. market value against a typical ₹ 48 Cr. (1st = largest).4th of 19

Exchange filings and their impact on the company.

• 26 Oct 2026Press ReleaseLow impactPositivePrice +0.8% on 27 Oct
  Sterling adds a small 26-room managed resort at Bandhavgarh, a marginal positive for growth.

  Sterling Holiday Resorts, the wholly owned hospitality subsidiary of Thomas Cook (India), opened Sterling Bandhavgarh near Tala Gate of the Bandhavgarh Tiger Reserve with 26 rooms across Machan Suites, Courtyard Rooms, Safari Tents and Forest Rooms. The property is owned by Mahalaxmi Commercial Service, extending its existing Kanha partnership with Sterling, indicating an asset-light operating model for Sterling. With over 70 destinations and 4000 keys, this addition marginally strengthens Sterling's Central India wildlife circuit including Kanha.

  Full analysisFiling
• 16 Oct 2026Press ReleaseLow impactPositivePrice +0.6% that day
  Sterling adds 18-key Tadoba wilderness retreat, marginally expanding its 4000+ key portfolio.

  Sterling Holiday Resorts, the wholly owned hospitality subsidiary of Thomas Cook (India), opened Sterling Vanyatara Tadoba, an 18-key wilderness retreat near five safari gates of the Tadoba-Andhari Tiger Reserve. The portfolio now spans over 70 destinations and 4000+ keys, with Tadoba linking to Pench and Tipeshwar as a forest circuit. The addition is very small relative to group scale and will contribute only modest revenue in the next 12 months.

  Full analysisFiling
• 14 Oct 2026Press ReleaseLow impactPositivePrice +0.7% that day
  Sterling opens 19-key Jawai wilderness resort, marginally expanding its Rajasthan circuit.

  Sterling Holiday Resorts, the wholly owned hospitality subsidiary of Thomas Cook (India), opened Sterling Leopard Haven Jawai in Rajasthan on October 14, 2026. The intimate 19-cottage, suite and villa resort near Bera adds a leopard-safari and wilderness stay between Udaipur and Jodhpur, taking Sterling's portfolio to over 70 destinations and 4000 keys. The opening modestly deepens Sterling's Rajasthan and wilderness footprint and should contribute a small incremental revenue stream over the next year.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Gopalakrishnan Soundarajan

Chairman of the Board

Debasis Bikash Nandy

President, Group Chief Financial Officer

Mahesh Iyer

Chief Executive Officer, Managing Director, Executive Director

Brijesh Modi

Chief Financial Officer

Amit Jyotindra Parekh

Compliance Officer, Company Secretary