Tips Music Ltd
₹ 525
-1.89%
28 Oct
- close price
- Market Cap ₹ 6,716 Cr.
- Current Price ₹ 525
- High / Low ₹ 950 / 500
- Stock P/E 38.6
- Book Value ₹ 20.1
- Dividend Yield 1.52 %
- ROCE 109 %
- ROE 82.9 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 70.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 77.0%
- Company has been maintaining a healthy dividend payout of 40.9%
Cons
- Stock is trading at 26.1 times its book value
- Promoter holding has decreased over last 3 years: -10.8%
- Working capital days have increased from 7.75 days to 64.1 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104 | 102 | 68 | 47 | 47 | 203 | 91 | 91 | 136 | 187 | 242 | 311 | 333 | |
| 108 | 87 | 53 | 50 | 38 | 197 | 93 | 35 | 49 | 85 | 83 | 104 | 116 | |
| Operating Profit | -5 | 15 | 15 | -3 | 10 | 6 | -2 | 55 | 86 | 102 | 158 | 207 | 217 |
| OPM % | -5% | 15% | 22% | -7% | 20% | 3% | -2% | 61% | 64% | 55% | 66% | 67% | 65% |
| 2 | 1 | 3 | 19 | 2 | 4 | 18 | 5 | 3 | 5 | 14 | 19 | 19 | |
| Interest | 11 | 12 | 13 | 10 | 7 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | -16 | 3 | 4 | 4 | 4 | 7 | 14 | 59 | 89 | 106 | 171 | 223 | 234 |
| Tax % | 5% | 18% | 20% | 31% | 22% | 61% | 21% | 27% | 27% | 28% | 25% | 25% | |
| -16 | 3 | 3 | 3 | 3 | 3 | 11 | 43 | 65 | 77 | 127 | 167 | 174 | |
| EPS in Rs | -1.06 | 0.18 | 0.20 | 0.21 | 0.22 | 0.20 | 0.79 | 3.35 | 4.98 | 5.96 | 9.90 | 13.03 | 13.60 |
| Dividend Payout % | -9% | 57% | 50% | 48% | 46% | 50% | 19% | 4% | 4% | 8% | 61% | 54% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 28% |
| 3 Years: | 32% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 51% |
| 5 Years: | 70% |
| 3 Years: | 36% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 62% |
| 5 Years: | 87% |
| 3 Years: | 45% |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 71% |
| 3 Years: | 77% |
| Last Year: | 83% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 14 | 14 | 14 | 14 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 54 | 55 | 55 | 54 | 55 | 56 | 66 | 88 | 89 | 123 | 167 | 197 | 245 |
| 133 | 106 | 89 | 64 | 36 | 8 | 2 | 0 | 0 | 4 | 5 | 3 | 3 | |
| 38 | 4 | 15 | 3 | 97 | 15 | 8 | 49 | 44 | 53 | 154 | 126 | 110 | |
| Total Liabilities | 240 | 180 | 174 | 135 | 202 | 95 | 90 | 150 | 147 | 193 | 339 | 339 | 370 |
| 30 | 28 | 26 | 25 | 23 | 15 | 15 | 15 | 7 | 5 | 8 | 7 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 18 | 5 | 13 | 91 | 95 | 164 |
| 211 | 153 | 148 | 111 | 179 | 79 | 70 | 117 | 135 | 174 | 240 | 237 | 199 | |
| Total Assets | 240 | 180 | 174 | 135 | 202 | 95 | 90 | 150 | 147 | 193 | 339 | 339 | 370 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -16 | 37 | 30 | 33 | 43 | 25 | 31 | 43 | 29 | 81 | 233 | 120 | |
| -0 | 3 | 1 | 0 | 0 | 9 | -5 | -14 | -36 | -48 | -111 | 11 | |
| 19 | -42 | -40 | -34 | -39 | -31 | -9 | -25 | -3 | -43 | -85 | -139 | |
| Net Cash Flow | 3 | -2 | -9 | -1 | 5 | 3 | 17 | 5 | -9 | -11 | 37 | -8 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 18 | 11 | 72 | 46 | 69 | 19 | 73 | 61 | 48 | 40 | 40 | 32 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 18 | 11 | 72 | 46 | 69 | 19 | 73 | 61 | 48 | 40 | 40 | 32 |
| Working Capital Days | 272 | 399 | 523 | 600 | 267 | 62 | 127 | 278 | 136 | 5 | -46 | 64 |
| ROCE % | -2% | 8% | 10% | 10% | 9% | 8% | 18% | 64% | 86% | 87% | 104% | 109% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 Oct - TIPS MUSIC schedules one-on-one analyst meeting on Oct 30, 2025; investor presentation uploaded.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 Oct - One-on-one analyst meeting on Oct 29, 2025 (virtual); investor presentation uploaded.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 21 Oct
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Newspaper Advertisement Regarding Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2025.
16 Oct - Q2 ended Sep 30, 2025: Income Rs9,373.07 lakh; PAT Rs5,319.21 lakh; Rs4 interim dividend.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 Oct - Audio of earnings call for quarter and half year ended September 30, 2025 uploaded.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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Oct 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT REC
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Sep 2024TranscriptNotesPPT
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Jul 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT REC
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Jan 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Jul 2021Transcript PPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptPPT
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Feb 2021Transcript PPT
Collection[1]
The co has a large music library with a collection of over 30,000 songs across various genres and regional languages. The co has produced and released around 40 Hindi films in the past 20 years and also sells the theatrical, satellite, and various other rights to distributors, broadcasters, etc.