X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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 INDIA 2017-18 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

THOMAS COOK INDIA 2017-18 Annual Report Analysis
Wed, 26 Sep

THOMAS COOK INDIA has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

THOMAS COOK INDIA Income Statement Analysis

  • Operating income during the year rose 28.4% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 12.1% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 3.6% in FY18 as against 4.1% in FY17.
  • Depreciation charges and finance costs increased by 49.4% YoY and 12.7% YoY, respectively.
  • Other income grew by 105.8% YoY.
  • Net profit for the year grew by 7020.4% YoY.
  • Net profit margins during the year grew from 1.0% in FY17 to 53.9% in FY18.

THOMAS COOK INDIA Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 87,624 112,483 28.4%
Other income Rs m 650 1,338 105.8%
Total Revenues Rs m 88,274 113,822 28.9%
Gross profit Rs m 3,572 4,005 12.1%
Depreciation Rs m 915 1,367 49.4%
Interest Rs m 1,322 1,490 12.7%
Profit before tax Rs m 1,985 2,487 25.3%
Tax Rs m 1,125 -406 -136.0%
Profit after tax Rs m 861 61,314 7,020.4%
Gross profit margin % 4.1 3.6
Effective tax rate % 56.7 -16.3
Net profit margin % 1.0 53.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



THOMAS COOK INDIA Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 28 billion as compared to Rs 33 billion in FY17, thereby witnessing an decrease of -15.3%.
  • Long-term debt down at Rs 2 billion as compared to Rs 7 billion during FY17, a fall of 68.7%.
  • Current assets fell 18% and stood at Rs 29 billion, while fixed assets fell 20% and stood at Rs 17 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 122 billion as against Rs 70 billion during FY17, thereby witnessing a growth of 74%.

THOMAS COOK INDIA Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 15,258 86,709 468.3
 
Current Liabilities Rs m 33,240 28,153 -15.3
Long-term Debt Rs m 7,376 2,310 -68.7
Total Liabilities Rs m 69,962 122,042 74.4
 
Current assets Rs m 35,147 28,926 -17.7
Fixed Assets Rs m 21,699 17,362 -20.0
Total Assets Rs m 69,962 122,042 74.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



THOMAS COOK INDIA Cash Flow Statement Analysis

  • THOMAS COOK INDIA's cash flow from operating activities (CFO) during FY18 stood at Rs -2 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -999 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 5 billion, an improvement of 195% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs -2 billion from the Rs 2 billion net cash flows seen during FY17.

THOMAS COOK INDIA Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m 2,727 -2,442 -
Cash Flow from Investing Activities Rs m -2,571 -999 -
Cash Flow from Financing Activities Rs m 1,615 4,767 195.3%
Net Cash Flow Rs m 1,808 -2,254 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for THOMAS COOK INDIA

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 165.6, an improvement from the EPS of Rs 2.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 242.1, stands at 33.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.1 times, while the price to sales ratio stands at 0.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 1.4 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 238.9 303.8
TTM Earnings per share Rs 2.3 165.6
Diluted earnings per share Rs 2.3 165.5
Price to Cash Flow x 50.0 1.4
TTM P/E ratio x 32.7 33.0
Price / Book Value ratio x 4.9 1.1
Market Cap Rs m 88,793 89,676
Dividends per share (Unadj.) Rs 0.4 0.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for THOMAS COOK INDIA

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.0x during FY18, from 1.1x during FY17. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 2.7x during FY18, from 2.5x during FY17. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company improved and stood at 70.7% during FY18, from 5.6% during FY18. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 70.1% during FY18, from 14.6% during FY17. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company improved and stood at 51.5% during FY18, from 3.1% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 1.1 1.0
Debtors’ Days Days 42 28
Interest coverage x 2.5 2.7
Debt to equity ratio x 0.5 0.0
Return on assets % 3.1 51.5
Return on equity % 5.6 70.7
Return on capital employed % 14.6 70.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how THOMAS COOK INDIA has performed over the last 5 years, please visit here.

THOMAS COOK INDIA Share Price Performance

Over the last one year, THOMAS COOK INDIA share price has moved up from Rs 240.4 to Rs 242.1, registering a gain of Rs 1.7 or around 0.7%.

Overall, the S&P BSE SENSEX is up 15.6% over the year.

(To know more, check out historical annual results for THOMAS COOK INDIA and quarterly results for THOMAS COOK INDIA)

Equitymaster requests your view! Post a comment on "THOMAS COOK INDIA 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

THOMAS COOK INDIA Announces Quarterly Results (2QFY19); Net Profit Down 119.7% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, THOMAS COOK INDIA has posted a net profit of Rs 146 m (down 119.7% YoY). Sales on the other hand came in at Rs 16 bn (down 40.2% YoY). Read on for a complete analysis of THOMAS COOK INDIA's quarterly results.

THOMAS COOK INDIA 2016-17 Annual Report Analysis (Annual Result Update)

Sep 26, 2018 | Updated on Sep 26, 2018

Here's an analysis of the annual report of THOMAS COOK INDIA for 2016-17. It includes a full income statement, balance sheet and cash flow analysis of THOMAS COOK INDIA. Also includes updates on the valuation of THOMAS COOK INDIA.

THOMAS COOK INDIA Announces Quarterly Results (1QFY19); Net Profit Down 4.3% (Quarterly Result Update)

Aug 10, 2018 | Updated on Aug 10, 2018

For the quarter ended June 2018, THOMAS COOK INDIA has posted a net profit of Rs 648 m (down 4.3% YoY). Sales on the other hand came in at Rs 21 bn (down 24.5% YoY). Read on for a complete analysis of THOMAS COOK INDIA's quarterly results.

Hindustan Aeronautics IPO: Yet Another Play on India's Defence Sector (IPO)

Mar 14, 2018

Should you apply for the IPO of state-run military aircraft maker Hindustan Aeronautics?

Bharat Dynamics IPO: Worth Betting on Defence Manufacturing? (IPO)

Mar 12, 2018

Should you apply for the IPO of Bharat Dynamics, India's first state-owned missile manufacturer?

More Views on News

Most Popular

My Top 7 Stocks to Buy Now(The 5 Minute Wrapup)

Nov 30, 2018

Of all the stocks that you could buy in this market, I've picked the seven best safe stocks that offer the ideal combination of safety and profit.

4 Rebound Stocks to Profit from the Current Small Cap Crash(Profit Hunter)

Dec 3, 2018

Indian small cap space is offering a discount season. Make sure you do not get too late to scoop up the bargains.

Reliance CPSE ETF (FFO3): Should You Invest?(Outside View)

Nov 29, 2018

Personalfn's analysis note on Reliance Mutual Fund Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF). Should you subscribe?

Safety Beats Growth in 2018(Chart Of The Day)

Nov 30, 2018

With the markets turning up, these are my top 7 stock picks.

Looking For Higher Interest Rates on Bank FDs? Read This!(Outside View)

Dec 5, 2018

Credit disbursement to the productive sectors of the economy such as infrastructure, engineering, food processing, textiles, and chemicals, among others is rising.

More

Small Investments
BIG Returns

Zero To Millions Guide 2019
Get our special report, Zero To Millions
(2019 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

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 - COMPACT DISC COMPARISON

COMPARE THOMAS COOK INDIA WITH

MARKET STATS