X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Thomas Cook Ltd. (TCIL)– Notes of analyst meet - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • May 5, 2000

    Thomas Cook Ltd. (TCIL)– Notes of analyst meet

    Thomas Cook is the world’s largest financial service provider having over 20 m customers. It is also single largest corporate travel company and forex dealer. The company also offers services pertaining to leisure holidays, global services, credit cards and financial services.

    The size of the global tourism industry is estimated to be US$ 1.83 trillion, which is larger than the size of $ 935 bn software industry. India employs only 0.3 m people in software industry as compared to 23 m in tourism industry. Tourism, which is also the highest export earning industry in India, has huge growth potential and TCIL is all set to capture a major share of the industry.

    Sales Mix


    The major revenue earner for TCIL continues to be forex business, which generates more than two thirds of total revenue. The developments in each of the above segments are described in brief below.

    Forex Business: During FY1999, TCIL opened 5 new foreign exchange branches. A new foreign exchange counter was opened at the Delhi Railway station and at Cochin airport.

    Travel Management Business: TCIL continues to enjoy brand loyalty from many corporate clients for their travel management related matters.

    Leisure Travel Business: The leisure travel business will be major focus area for TCIL in the coming years and domestic travel will be the key business driver. It is also eyeing acquisitions for inorganic growth in this business. TCIL plans to offer customised packages for religious tours which it believes has large untapped potential. The company visualizes 15-20% growth in the leisure travel business. It is also likely to benefit from the increase in tourist traffic.

    E-initiative: TCIL is actively gearing up for doing business on the web. It has a put in place a strategy to build a vertical portal and provide all links and information in travel related areas. It is planning to announce atleast 1 acquisition by the end of year 2001 in this area.

    Aggressive Strategies: As part of its strategy, TCIL has plans to grow organically (10-15% growth) by introducing new products and by geographic expansion. The company is also exploring the possibilities of mergers & acquisitions in travel related areas. It has plans to go in other related areas like global services and tele-direct, insurance, e-commerce, call centres and credit cards. In the insurance business it has plans to go in the areas of basic non-life, broking and retail.

    At current market price of Rs 605, TCIL is available at a P/E of 29 times is FY1999 earnings with a market cap to sales ratio of 0.75 times. The stock is trading near to its 52 week low.

     

     

    Equitymaster requests your view! Post a comment on "Thomas Cook Ltd. (TCIL)– Notes of analyst meet". Click here!

      
     

    More Views on News

    Securities & Intelligence Services Ltd. (IPO)

    Jul 31, 2017

    Should you subscribe to the IPO of Securities & Intelligence Services Ltd?

    Why Super Investors are Underperforming in This Market (The 5 Minute Wrapup)

    Jul 8, 2017

    If Super Investors can wait for the right pitch, so can you.

    Tejas Networks Ltd. (IPO)

    Jun 14, 2017

    Should you subscribe to the IPO of Tejas Networks Ltd?

    Discover the Secrets of Hidden Smallcaps From These AGMs (The 5 Minute Wrapup)

    May 26, 2017

    Don't be surprised to come across some Super Investors there!

    A Trader's Nightmare. A Business Owner's Delight. (The 5 Minute Wrapup)

    May 19, 2017

    Not all small-cap investors see themselves as traders. Some see themselves as business owners.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    Proxy Plays: A Smart Way to Bet on 'Off Limits' Companies(The 5 Minute Wrapup)

    Aug 4, 2017

    The small-cap space is full of small players that are clear proxies to great growth stories and Indian megatrends.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    THOMAS COOK INDIA SHARE PRICE


    Aug 17, 2017 03:37 PM

    TRACK THOMAS COOK INDIA

    • Track your investment in THOMAS COOK INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
    • Add To MyStocks

    MORE ON THOMAS COOK INDIA

    THOMAS COOK INDIA 8-QTR ANALYSIS

    Detailed Quarterly Results With Charts

    COMPARE THOMAS COOK INDIA WITH

    MARKET STATS