Tips Music Ltd

Tips Music Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tips Music Ltd

₹ 516 0.62%
20 Mar - close price
tips.in BSE: 532375 NSE: TIPSMUSIC
About

Tips Industries Limited, incorporated in 1996, is engaged in the business of Production and Distribution of motion Pictures and acquisition and exploitation of Music of Rights.
The co is also a leading producer of Punjabi films in the country. [1][2]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 6,590 Cr.
  • Current Price ₹ 516
  • High / Low ₹ 718 / 483
  • Stock P/E 35.0
  • Book Value ₹ 20.1
  • Dividend Yield 2.52 %
  • ROCE 109 %
  • ROE 82.9 %
  • Face Value ₹ 1.00
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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 25.6 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.

Peer comparison

Consumer Discretionary Media, Entertainment & Publication Entertainment Media & Entertainment

Part of Nifty Media BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
51 52 53 61 65 63 74 81 78 78 88 89 94
25 26 18 11 21 33 20 21 22 41 32 21 20
Operating Profit 26 26 35 50 43 30 54 59 56 37 57 68 75
OPM % 51% 51% 67% 82% 67% 48% 74% 74% 72% 48% 64% 76% 79%
1 2 2 4 3 5 5 6 4 5 6 5 5
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 1 0 0 0 1 1 1 1 1 1 1
Profit before tax 27 28 36 53 46 35 58 64 59 41 62 72 79
Tax % 25% 34% 25% 25% 25% 26% 25% 25% 25% 26% 26% 26% 25%
20 18 27 40 35 26 44 48 44 31 46 53 59
EPS in Rs 1.56 1.43 2.11 3.09 2.70 2.01 3.41 3.77 3.46 2.39 3.59 4.16 4.59
Raw PDF

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 91 136 187 242 311 350
108 87 53 50 38 197 93 35 49 85 83 104 114
Operating Profit -5 15 15 -3 10 6 -2 55 86 102 158 207 236
OPM % -5% 15% 22% -7% 20% 3% -2% 61% 64% 55% 66% 67% 67%
2 1 3 19 2 4 18 5 3 5 14 19 20
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 89 106 171 223 253
Tax % 5% 18% 20% 31% 22% 61% 21% 27% 27% 28% 25% 25%
-16 3 3 3 3 3 11 43 65 77 127 167 188
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 14.73
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: 16%
Stock Price CAGR
10 Years: 56%
5 Years: 63%
3 Years: 50%
1 Year: -25%
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%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Number of Songs in Catalogue
Number

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YouTube Cumulative Subscriber Base
Million
Annual YouTube Views
Billion
New Songs Released (Quarterly)
Number
Revenue Market Share
Percentage

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
75.00% 75.00% 75.00% 68.92% 63.86% 64.16% 64.15% 64.15% 64.15% 64.15% 64.15% 64.15%
0.05% 0.06% 0.42% 0.85% 2.09% 2.39% 4.84% 7.42% 8.23% 8.11% 8.16% 7.34%
0.00% 0.00% 0.57% 0.91% 8.17% 6.72% 5.02% 4.27% 3.52% 4.08% 5.03% 4.97%
24.95% 24.95% 24.02% 29.32% 25.88% 26.74% 25.98% 24.15% 24.10% 23.66% 22.66% 23.54%
No. of Shareholders 25,98225,88629,97437,28857,20953,40460,55773,58068,86970,72669,56464,762

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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