Top Travel and Leisure Stocks Compared: Thomas Cook India vs EaseMyTrip vs ixigo vs Yatra Online vs Mahindra Holidays on Price, Valuation, Q2 FY27 Results and Risks
- November 13, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Previous close: Thomas Cook India Rs 108.67, EaseMyTrip Rs 5.95, ixigo Rs 164.73, Yatra Online Rs 81.04, Mahindra Holidays Rs 200.60.
Quick Answer
This travel and leisure stocks compared snapshot checks five names on price, valuation and Q2 FY27 results: Thomas Cook India, EaseMyTrip, ixigo, Yatra Online and Mahindra Holidays. ixigo is the largest by market capitalisation at Rs 7,268 crore. Thomas Cook India reports the highest return on equity at 8.60%. Travel names follow booking volumes and holiday spending, so read growth and returns next to every multiple.
Travel and leisure stocks compared here means Thomas Cook India, EaseMyTrip, ixigo, Yatra Online and Mahindra Holidays on one page, checked on previous close, market value, valuation and the latest quarterly numbers. The group mixes a travel and foreign exchange services firm, two online booking platforms, a travel app and a holiday resort operator, so each name earns from a different part of the travel spend, which is exactly why a side-by-side look helps.
Thomas Cook India, ixigo and Mahindra Holidays have filed their September 2026 quarter, so their results below are Q2 FY27. EaseMyTrip and Yatra Online have reported only the June 2026 quarter so far. Travel names follow holiday demand, booking volumes and consumer spending, so a glance at the Nifty 500 page and the Sensex page before you read the tables gives useful backdrop.
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Travel and Leisure Stocks Compared: Agents, Platforms and Resorts
The travel and leisure stocks compared here are Thomas Cook India, EaseMyTrip, ixigo, Yatra Online and Mahindra Holidays. ixigo is the largest by market capitalisation at Rs 7,268 crore. Previous closes run from Rs 5.95 for EaseMyTrip to Rs 200.60 for Mahindra Holidays, which is why a side-by-side look at value rather than price is more useful. This travel and leisure stocks compared list is the base for every table that follows.
| Stock | Previous close (Rs) | Market cap (Rs crore) |
|---|---|---|
| Thomas Cook India | 108.67 | 5,119 |
| EaseMyTrip | 5.95 | 2,371 |
| ixigo | 164.73 | 7,268 |
| Yatra Online | 81.04 | 1,271 |
| Mahindra Holidays | 200.60 | 4,052 |
A quick look at the business behind each ticker puts the numbers in context. Thomas Cook India offers travel, foreign exchange and holiday services across many cities, while EaseMyTrip runs an online platform for flights, hotels and holiday bookings. ixigo runs travel apps for train, flight and bus bookings, and Yatra Online runs an online platform for corporate and leisure travel bookings. To compare travel and leisure stocks properly, line up price to earnings, return on equity and revenue growth before forming a view.
Rounding out the group, Mahindra Holidays runs holiday resorts and sells vacation memberships to families. A fair travel and leisure stock comparison looks at what each company actually earns from, not only at the share price. Online platforms, travel agents and resort operators belong in separate mental boxes whenever you compare travel and leisure stocks fairly.
Travel and Leisure Stocks Valuation: Multiples, Returns and Payouts
Thomas Cook India trades at the lowest price to earnings ratio in this group at 26.48. It also reports the highest return on equity at 8.60%. Yatra Online has the lowest price to book value at 1.53. These travel and leisure stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this travel and leisure stocks compared table: price to earnings and return on equity sit side by side so a high or low reading stands out at once.
| Stock | Price to earnings | Price to book | ROE (%) | Dividend yield (%) | Debt to equity |
|---|---|---|---|---|---|
| Thomas Cook India | 26.48 | 2.63 | 8.60 | 0.46 | 0.22 |
| EaseMyTrip | 2.12 | 0.24 | 0.04 | ||
| ixigo | 47.33 | 3.34 | 5.41 | 0.01 | |
| Yatra Online | 40.72 | 1.53 | 5.64 | 0.12 | |
| Mahindra Holidays | 75.09 | 6.18 | 5.46 |
Travel names are valued on price to earnings and price to book, while return on equity shows how well each uses its capital. The industry multiple helps you judge whether the market prices a platform for faster growth or steadier earnings. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple travel and leisure stock comparison like this one is only as useful as the context behind it, which is why revenue growth is worth checking as well.
In this group, price to earnings runs from 26.48 for Thomas Cook India to 75.09 for Mahindra Holidays. Thomas Cook India offers the highest dividend yield at 0.46%. Industry price to earnings readings differ by sub-sector: Thomas Cook India at 36.26; EaseMyTrip, ixigo and Yatra Online at 112.24; Mahindra Holidays at 39.42. The industry price to earnings is a handy anchor: a stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built travel and leisure stock comparison also notes that booking volumes, holiday demand and seasonality can move results between quarters. Run the same travel and leisure stock comparison on your own watchlist and the pattern in these numbers will be easier to spot. Whenever you compare travel and leisure stocks, note whether a premium is backed by returns or only by size.
Travel and Leisure Stocks Q2 FY27 Results: Revenue and Profit Check
Three of the five travel and leisure stocks compared have filed Q2 FY27 numbers. ixigo posted the fastest revenue growth at 18.5% year on year. Mahindra Holidays showed the sharpest rise in net profit at 16.4%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. The others are shown on their latest reported quarter, so read each one for what it is. Treat the Q2 FY27 numbers in this travel and leisure stocks compared review as a snapshot of one quarter, not a verdict on any travel company.
| Stock | Q2 FY27 revenue (Rs crore) | Q2 FY26 revenue (Rs crore) | Q2 FY27 net profit (Rs crore) | Q2 FY26 net profit (Rs crore) |
|---|---|---|---|---|
| Thomas Cook India | 2,003 | 2,113 | ||
| ixigo | 343.0 | 289.4 | ||
| Mahindra Holidays | 819.7 | 749.5 | 19.7 | 16.9 |
Thomas Cook India Results Snapshot
For the September 2026 quarter, Thomas Cook India booked revenue of Rs 2,003 crore.
EaseMyTrip Results Snapshot
EaseMyTrip has reported only its Q1 FY27 numbers so far, with revenue of Rs 141.3 crore for the June 2026 quarter. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.
ixigo Results Snapshot
ixigo reported Q2 FY27 revenue of Rs 343.0 crore, compared with Rs 289.4 crore a year earlier, a rise of 18.5%. Net profit for the quarter was Rs 63.4 crore.
Yatra Online Results Snapshot
Yatra Online has reported only its Q1 FY27 numbers so far, with revenue of Rs 192.1 crore for the June 2026 quarter. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.
Mahindra Holidays Results Snapshot
Mahindra Holidays’ Q2 FY27 top line stood at Rs 819.7 crore, versus Rs 749.5 crore in Q2 FY26, a rise of 9.4%. Net profit rose 16.4% to Rs 19.7 crore from Rs 16.9 crore. Net profit margin improved to 2.5% from 2.5%. Earnings per share for the quarter rose to Rs 0.99 from Rs 0.89.
Travel results depend on booking volumes, holiday demand, seasonality and repeat customers, so profit can look different from revenue in a single quarter. That is why a travel and leisure stock comparison works best when revenue and profit are read together across two or three quarters. Used this way, a travel and leisure stocks compared review becomes a map of the sector rather than a price list. When you compare travel and leisure stocks after each result season, track how revenue growth changes from one quarter to the next. A travel and leisure stock comparison built on one quarter of data is a starting point, and the next set of results will update it.
Travel and Leisure Stocks Compared Two at a Time: Three Pairings
Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare travel and leisure stocks two at a time.
EaseMyTrip vs Yatra Online
EaseMyTrip and Yatra Online both run online platforms for flights, hotels and holiday bookings. EaseMyTrip is about 1.9 times the size of Yatra Online by market capitalisation, at Rs 2,371 crore against Rs 1,271 crore. On price to book, Yatra Online sits lower at 1.53 against 2.12 for EaseMyTrip. Yatra Online reports the higher return on equity, at 5.64% against 0.24% for EaseMyTrip. Both earn from bookings, so read growth next to valuation before you judge either multiple.
ixigo vs EaseMyTrip
ixigo runs travel apps for train, flight and bus bookings, while EaseMyTrip runs a broader booking platform. ixigo is about 3.1 times the size of EaseMyTrip by market capitalisation, at Rs 7,268 crore against Rs 2,371 crore. On price to book, EaseMyTrip sits lower at 2.12 against 3.34 for ixigo. ixigo reports the higher return on equity, at 5.41% against 0.24% for EaseMyTrip. Two platforms with different user bases are priced differently, so read returns and valuation together.
Thomas Cook India vs Mahindra Holidays
Thomas Cook India offers travel and foreign exchange services, while Mahindra Holidays runs resorts and sells vacation memberships. Thomas Cook India is about 1.3 times the size of Mahindra Holidays by market capitalisation, at Rs 5,119 crore against Rs 4,052 crore. On price to earnings, Thomas Cook India carries the lower multiple at 26.48 against 75.09 for Mahindra Holidays. Thomas Cook India reports the higher return on equity, at 8.60% against 6.18% for Mahindra Holidays. An agent and a resort operator earn differently, so read the business mix before you read the ratio.
Best Travel and Leisure Stocks for Each Type of Investor
If you are asking which of the best travel and leisure stocks here suits you, the answer depends on what you value. The table below shows who leads on each measure today, which is the fairest way to answer without naming a single winner. Any travel and leisure stocks compared table can mislead if you stop at one row, because each travel company leads on a different measure.
| If you care most about | Start your research with | The number |
|---|---|---|
| Lowest price to earnings | Thomas Cook India | 26.48 |
| Highest return on equity | Thomas Cook India | 8.60% |
| Highest dividend yield | Thomas Cook India | 0.46% |
| Lowest price to book value | Yatra Online | 1.53 |
| Largest by market capitalisation | ixigo | Rs 7,268 crore |
| Fastest Q2 FY27 revenue growth | ixigo | 18.5% |
| Sharpest Q2 FY27 net profit rise | Mahindra Holidays | 16.4% |
No single name tops every row, which is exactly why a travel and leisure stock comparison helps. Scale, growth, returns and valuation each point to a different name, so decide what matters most to you before you rank the numbers.
What Is Driving Travel Bookings and Holiday Spending Right Now?
More families are travelling for work, leisure and pilgrimages, and online booking keeps growing. Platforms, agents and resort operators all gain when travel spending rises. Knowing what moves holiday demand and booking volumes helps you compare travel and leisure stocks with the right questions in mind.
Booking volumes, holiday demand and repeat customers decide earnings. Platforms scale with app usage, while resort operators earn from memberships and stays. A good travel and leisure stocks compared routine therefore tracks bookings, margins and seasonality.
Risks to Weigh When You Compare Travel and Leisure Stocks
Travel and leisure stocks depend on holiday demand, fares, regulation and competition among booking platforms. Earnings can be seasonal, so read each filing for booking, margin and occupancy commentary before you compare them. Every travel and leisure stock comparison has blind spots, and for this group the biggest is holiday demand and booking volumes.
Because bookings, margins and seasonality drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this travel and leisure stocks compared guide a balanced starting point.
How to Compare Travel and Leisure Stocks and Build a Shortlist
Start by deciding whether you prefer online platforms, a traditional travel services firm or a resort operator, because each responds to different triggers. Platforms reward readers who track bookings and app usage, while resort operators reward those who track memberships and occupancy. Done step by step, this travel and leisure stocks compared routine becomes repeatable rather than a one-off exercise.
Then check valuation and returns, because premium multiples leave less room for slips in bookings. Spreading your attention across one platform and one agent or resort name is a simple way to see both sides of the sector. Keep the shortlist of best travel and leisure stocks short enough that you can actually follow each company’s quarterly results. When you compare travel and leisure stocks again after new results, update only the rows that changed instead of starting over.
The Univest stock screener lets you filter travel and leisure stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this travel and leisure stocks compared page after the next set of results to see which numbers have moved.
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Conclusion: Travel and Leisure Stocks Compared at a Glance
This travel and leisure stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. ixigo leads on size and Thomas Cook India leads on return on equity, while the others bring their own strengths. Treat the travel and leisure stocks Q2 FY27 results and travel and leisure stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare travel and leisure stocks again next quarter, the same checklist of price to earnings, return on equity and revenue growth will work.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Travel and Leisure Stocks Compared
Which are the top travel and leisure stocks compared in this article?
Ans. The travel and leisure stocks compared in this article are Thomas Cook India, EaseMyTrip, ixigo, Yatra Online and Mahindra Holidays. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, so you get a clear side-by-side starting point before you open any single company’s filings in more depth.
Which travel and leisure stock has the highest market capitalisation?
Ans. Among the five names, ixigo has the highest market capitalisation at Rs 7,268 crore. Thomas Cook India follows at Rs 5,119 crore. Market capitalisation is the total value the market places on a company and moves with the share price every day, so check the live figure before you rely on it.
Which of these travel and leisure stocks has the lowest price to earnings ratio?
Ans. On travel and leisure stocks valuation, Thomas Cook India has the lowest price to earnings ratio among these travel and leisure stocks at 26.48, based on the latest reported earnings. Mahindra Holidays sits at the other end at 75.09. A lower multiple is not automatically better, since growth, margins and business quality all influence what investors are willing to pay.
Which travel and leisure stock has the highest return on equity?
Ans. Thomas Cook India reports the highest return on equity in this group at 8.60%. Return on equity shows how much profit a company earns on shareholder funds, so a higher figure usually points to efficient use of capital. Compare it over several years, and keep debt levels in mind, because heavy borrowing can lift the ratio.
How did travel and leisure stocks perform in Q2 FY27 results?
Ans. Three of the five names have filed Q2 FY27 numbers in our data. ixigo recorded the fastest revenue growth at 18.5% year on year. Mahindra Holidays showed the sharpest net profit rise at 16.4%. For travel and leisure stocks Q2 FY27 results, the others are covered on their latest reported quarter, and each filing on the exchange website carries the full detail.
What are the main risks when you compare travel and leisure stocks?
Ans. Travel and leisure stocks depend on holiday demand, fares, regulation and competition among booking platforms. Earnings can be seasonal, so read each filing for booking, margin and occupancy commentary before you compare them. Keep an eye on bookings, margins and seasonality.
Which metrics matter most when you compare travel and leisure stocks?
Ans. Booking volumes, revenue growth, operating margin and return on equity matter most for operating performance. Price to earnings and price to book show how the market values each company. Read each company’s filing for these along with the numbers in this article.
Which is the best travel and leisure stock to buy among these five?
Ans. The best travel and leisure stock depends on whether you value an online platform, a travel services firm or a resort operator, because the five names differ on all of these. On the numbers in this article, ixigo has the largest market capitalisation; Thomas Cook India has the lowest price to earnings, the highest return on equity and the highest dividend yield. No single stock tops every measure, and none of this is a recommendation. Use the tables to build a shortlist, check the latest filings, and speak to a SEBI-registered advisor before you decide, since your goals, time horizon and risk appetite matter more than any ranking.
