THOMAS COOKThomas Cook (India) LimitedNSE:THOMASCOOKTechnicalAnalystSucritThomas Cook (India) Ltd. (NSE: THOMASCOOK) is a mid‑cap travel services company offering foreign exchange, holiday packages, corporate travel, and visa services. It is part of the Fairfax Financial Holdings Group (Fairbridge Capital Mauritius Ltd.), which is the promoter. As of Dec 2025, promoters hold 63.83%, with balanced institutional and retail participation. FY22–FY26 Snapshot Revenue Growth: CAGR ~11–12% over FY22–FY26, driven by recovery in travel demand post‑COVID. → Good Net Profit: FY26 PAT ~₹210 Cr, reflecting strong turnaround. → Good Operating Margin: Maintained ~8–9%, moderate efficiency. → Neutral Equity Capital: Stable, no major dilution. → Good Dividend Policy: Yield ~1.2% (FY26), conservative payouts. → Neutral Asset Building: Expansion of forex and travel services network. → Good Sales: FY26 revenue crossed ₹6,200 Cr. → Good Expense: High operating costs in travel services. → Neutral EPS: ~₹6.4 in FY26, reflecting consistent profitability. → Good Institutional Interest & Ownership Trends Largest Promoter: Fairbridge Capital Mauritius Ltd. (Fairfax Group) – 63.83% Largest FII: Foreign institutional investors – 7.28% Largest DII: Domestic institutions – 6.83% Retail & Others: ~16.54% Strategic Moves & Innovations Expansion into digital travel booking and forex platforms. Focus on corporate travel management and MICE (Meetings, Incentives, Conferences, Exhibitions). Investment in technology‑driven customer experience. Strengthening partnerships with airlines and hotels globally. Cash Flow & Balance Sheet Strength Operating cash flows supported by travel demand recovery. Debt levels moderate, manageable with steady profits. Profit growth supports reinvestment in digital platforms. Risk Factors Dependence on global travel demand cycles. Margin sensitivity to forex volatility and travel costs. Competition from online travel agencies (MakeMyTrip, Yatra). Exposure to geopolitical and pandemic risks. Investor Takeaway Thomas Cook (India) Ltd., backed by Fairfax Group via Fairbridge Capital Mauritius, is a leading travel services provider with strong promoter holding and balanced institutional interest. With most snapshot parameters rated Good, the company shows consistent EPS growth, robust asset building, and strong sales momentum. Investors should monitor travel demand cycles and forex volatility, but overall the outlook remains positive for long‑term holders.