TSC India (NSE:TSC) Debt-to-EBITDA : 4.27 (As of Mar. 2026) — 56% Above Median

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NSE:TSC TSC India Ltd NSE:TSC
16 GF Score
Price ₹46.00
! 4 Warning Signs
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What is TSC India Debt-to-EBITDA?

TSC India NSE:TSC -1.64% 16 Debt-to-EBITDA is 4.27 as of Mar. 2026, which is 56% above its 10-year median of 2.73. GuruFocus rates NSE:TSC with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 652 Travel & Leisure companies, TSC India ranks better than 51.07% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

TSC India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹161.2 Mil. TSC India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹26.7 Mil. TSC India's annualized EBITDA for the quarter that ended in Mar. 2026 was ₹44.0 Mil. TSC India's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.27.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for TSC India's Debt-to-EBITDA or its related term are showing as below:

NSE:TSC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.22   Med: 2.73   Max: 4.51
Current: 2.41

During the past 4 years, the highest Debt-to-EBITDA Ratio of TSC India was 4.51. The lowest was 2.22. And the median was 2.73.

NSE:TSC's Debt-to-EBITDA is ranked better than
51.07% of 652 companies
in the Travel & Leisure industry
Industry Median: 2.52 vs NSE:TSC: 2.41

TSC India  (NSE:TSC) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


TSC India Debt-to-EBITDA Related Terms


TSC India Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for TSC India's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TSC India Debt-to-EBITDA Chart

TSC India Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
4.51 2.22 3.05 2.41

TSC India Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial N/A 0.00 3.14 2.36 4.27

NSE:TSC vs BKNG, ABNB, RCL: Debt-to-EBITDA Comparison

For the Travel Services subindustry, TSC India's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TSC India Debt-to-EBITDA vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TSC India's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where TSC India's Debt-to-EBITDA falls into.


NSE:TSC
16GF Score
TSC India Ltd NSE:TSC
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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TSC India Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

TSC India's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(161.216 + 26.673) / 77.971
=2.41

TSC India's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(161.216 + 26.673) / 43.97
=4.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 4.27 mean?
TSC India (NSE:TSC) has a Debt-to-EBITDA of 4.27 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on TSC India. This is 56% above median its historical median of 2.73. Over the past decade, TSC India's Debt-to-EBITDA has ranged from 2.22 to 4.51. According to the industry distribution chart, TSC India ranks #319 out of 652 companies in the Travel & Leisure industry, placing it in the top 48.9%.
Is TSC India's Debt-to-EBITDA too high?
TSC India's current Debt-to-EBITDA of 4.27 is 56% above median its 10-year median of 2.73. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 4.51. The Travel & Leisure industry median Debt-to-EBITDA is 2.52. TSC India's value of 4.27 is 69.4% above this industry median. Based on the distribution chart, TSC India ranks #319 out of 652 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, TSC India has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does TSC India's Debt-to-EBITDA compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, TSC India ranks #319 out of 652 companies for Debt-to-EBITDA. This puts TSC India in the upper half of its industry. The industry median Debt-to-EBITDA is 2.52. TSC India's value of 4.27 is 69.4% above this benchmark. Historically, TSC India's own Debt-to-EBITDA has ranged from 2.22 to 4.51 over the past decade. While the company's 10-year median is 2.73 vs. the industry median of 2.52, TSC India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.52, based on 652 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TSC India's current Debt-to-EBITDA of 4.27 is 69.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on TSC India. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSC India's current Debt-to-EBITDA is 4.27, which is 56% above median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSC India stock overvalued right now?
TSC India (NSE:TSC) has a current Debt-to-EBITDA of 4.27. The current Debt-to-EBITDA is 4.27, which is 56% above median its 10-year median of 2.73 and 69.4% above the Travel & Leisure industry median of 2.52. TSC India's overall GF Score™ is 16/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For TSC India (NSE:TSC), the current Debt-to-EBITDA is 4.27 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TSC India Business Description

Address Plot No. 21-22, G.T. Road, Office No. 3, 2nd Floor, Midland Financial Centre, Jalandhar, PB, IND, 144001
TSC India Ltd is a travel management company which specializes in providing comprehensive air ticketing services tailored to the requirements of its clients. The Company is focused on serving the B2B and corporate sectors. TSC works in close collaboration with airlines and travel agents to deliver cost-effective and streamlined travel solutions to end user customers. Its operations encompass partnerships with a range of travel service providers, enabling it to manage various aspects of travel planning, including booking air tickets. The company operates in multiple cities across India, including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, reflecting its growing geographical presence.
16GF Score

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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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