Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TSC IndiaNSE:TSC 19 Debt-to-Equity is 0.42 as of Mar. 2026, which is 77% below its 10-year median of 1.82. GuruFocus rates NSE:TSC with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 722 Travel & Leisure companies, TSC India ranks better than 50.97% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for TSC India's Debt-to-Equity or its related term are showing as below:
NSE:TSC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 1.82 Max: 2.71
Current: 0.42
During the past 4 years, the highest Debt-to-Equity Ratio of TSC India was 2.71. The lowest was 0.42. And the median was 1.82.
NSE:TSC's Debt-to-Equity is ranked better than 50.97% of 722
companies
in the Travel & Leisure industry
Industry Median: 0.43
vs NSE:TSC: 0.42
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
TSC India Debt-to-Equity Related Terms
TSC India Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for TSC India's Debt-to-Equity 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.
NSE:TSC vs BKNG, ABNB, RCL: Debt-to-Equity Comparison
For the Travel Services subindustry, TSC India's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, TSC India's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where TSC India's Debt-to-Equity falls into.
* 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 (NSE:TSC) has a Debt-to-Equity of 0.42 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TSC India and its competitors. This is 77% below median its historical median of 1.82. Over the past decade, TSC India's Debt-to-Equity has ranged from 0.42 to 2.71. According to the industry distribution chart, TSC India ranks #354 out of 722 companies in the Travel & Leisure industry, placing it in the top 49%.
Is TSC India's Debt-to-Equity too high?
TSC India's current Debt-to-Equity of 0.42 is 77% below median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 2.71. The Travel & Leisure industry median Debt-to-Equity is 0.43. TSC India's value of 0.42 is 2.3% below this industry median. Based on the distribution chart, TSC India ranks #354 out of 722 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, TSC India has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does TSC India's Debt-to-Equity compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, TSC India ranks #354 out of 722 companies for Debt-to-Equity. This puts TSC India in the upper half of its industry. The industry median Debt-to-Equity is 0.43. TSC India's value of 0.42 is 2.3% below this benchmark. Historically, TSC India's own Debt-to-Equity has ranged from 0.42 to 2.71 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 0.43, TSC India has consistently been below 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-Equity for a Travel & Leisure company?
The median Debt-to-Equity among Travel & Leisure companies is 0.43, based on 722 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TSC India's current Debt-to-Equity of 0.42 is 2.3% below 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TSC India and its competitors. For the Travel & Leisure industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSC India's current Debt-to-Equity is 0.42, which is 77% below median its own 10-year median of 1.82. 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-Equity of 0.42. The current Debt-to-Equity is 0.42, which is 77% below median its 10-year median of 1.82 and 2.3% below the Travel & Leisure industry median of 0.43. TSC India's overall GF Score™ is 19/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For TSC India (NSE:TSC), the current Debt-to-Equity is 0.42 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 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.
19GF Score
Get the complete analysis for NSE:TSC
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:TSC has been successfully added to your 
