Thomas Cook (India) Limited has informed the Exchange about Credit Rating
THOMASCOOK · price
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CRISIL has reaffirmed Thomas Cook (India) Limited's credit ratings at 'AA-/Positive' for long-term and corporate credit, and 'A1+' for short-term facilities and the Rs 50 crore commercial paper programme. The reaffirmation covers Rs 433 crore in bank facilities. The company posted Rs 8,197 crore in consolidated revenue for FY25, up about 11% year-on-year, though profit after tax dipped slightly to Rs 258 crore from Rs 271 crore. Operating margin remained healthy at 6.52%. The financial profile stays strong with low gearing of 0.33x, interest coverage of 6.6x, and cash and bank balance of Rs 2,070 crore. Strong parental support from Fairfax Financial Holdings continues to underpin the rating, with the travel segment (over 75% of revenue) driving growth.
The reaffirmed rating with a positive outlook signals sustained financial health and potential for a future upgrade, which is positive for shareholders. It reflects strong liquidity, low debt, and continued parental support, though the company remains exposed to geopolitical risks and competition in the travel industry.