Tips Music Ltd

AI

Tips Music Ltd

₹ 782 -1.18%
30 Oct - close price
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

Current vs legacy business:[1]
The Film Division was transferred to Tips
Films Ltd from the appointed date April 1,
2021; the scheme became effective March
23, 2022.
Tips Industries was renamed Tips Music effective September 12, 2024. The listed
entity is now a music-rights business;
Tips Films is a promoter-influenced
related party, not a subsidiary.[2]

  • Market Cap ₹ 9,945 Cr.
  • Current Price ₹ 782
  • High / Low ₹ 809 / 481
  • Stock P/E 43.8
  • Book Value ₹ 25.4
  • Dividend Yield 1.66 %
  • ROCE 118 %
  • ROE 87.6 %
  • Face Value ₹ 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 36.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 83.2%
  • Company has been maintaining a healthy dividend payout of 63.6%
  • Company's median sales growth is 24.7% of last 10 years

Cons

  • Stock is trading at 30.8 times its book value
  • Promoter holding has decreased over last 3 years: -10.7%

* 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

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
61 65 63 74 81 78 78 88 89 94 104 107 120
11 21 33 20 21 22 41 32 21 20 27 53 35
Operating Profit 50 43 30 54 59 56 37 57 68 75 77 54 85
OPM % 82% 67% 48% 74% 74% 72% 48% 64% 76% 79% 74% 50% 71%
4 3 5 5 6 4 5 6 5 5 4 6 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 1 1 1 1 1 1 1 1 1 1
Profit before tax 53 46 35 58 64 59 41 62 72 79 80 58 88
Tax % 25% 25% 26% 25% 25% 25% 26% 26% 26% 25% 26% 25% 25%
40 35 26 44 48 44 31 46 53 59 59 44 66
EPS in Rs 3.09 2.70 2.01 3.41 3.77 3.46 2.39 3.59 4.16 4.59 4.62 3.42 5.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
102 68 47 47 203 91 91 136 187 242 311 376 425
87 53 50 38 197 93 35 49 85 83 104 100 135
Operating Profit 15 15 -3 10 6 -2 55 86 102 158 207 276 290
OPM % 15% 22% -7% 20% 3.1% -2.2% 61% 64% 55% 66% 67% 73% 68%
1 3 19 2 4 18 5 3 5 14 19 19 19
Interest 12 13 10 7 2 0 0 0 0 0 0 0 0
Depreciation 2 2 1 1 1 1 1 1 1 2 2 2 3
Profit before tax 3 4 4 4 7 14 59 89 106 171 223 292 305
Tax % 18% 20% 31% 22% 61% 21% 27% 27% 28% 25% 25% 26%
3 3 3 3 3 11 43 65 77 127 167 217 227
EPS in Rs 0.18 0.20 0.21 0.22 0.20 0.79 3.35 4.98 5.96 9.90 13.03 16.96 17.77
Dividend Payout % 57% 50% 48% 46% 50% 19% 4% 4% 8% 61% 54% 77%
Compounded Sales Growth
10 Years: 19%
5 Years: 33%
3 Years: 26%
TTM: 27%
Compounded Profit Growth
10 Years: 52%
5 Years: 37%
3 Years: 39%
TTM: 31%
Stock Price CAGR
10 Years: 63%
5 Years: 45%
3 Years: 31%
1 Year: 48%
Return on Equity
10 Years: 58%
5 Years: 78%
3 Years: 83%
Last Year: 88%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 15 15 14 14 14 14 13 13 13 13 13 13 13
Reserves 55 55 54 55 56 66 88 89 123 167 197 247 312
106 89 64 36 8 2 0 0 4 5 3 5 4
4 15 3 97 15 8 49 44 53 154 126 97 82
Total Liabilities 180 174 135 202 95 90 150 147 193 339 339 362 410
28 26 25 23 15 15 15 7 5 8 7 14 13
CWIP 0 0 0 0 0 0 0 0 0 0 1 0 0
Investments 0 0 0 0 0 6 18 5 13 91 95 150 211
153 148 111 179 79 70 117 135 174 240 237 198 186
Total Assets 180 174 135 202 95 90 150 147 193 339 339 362 410

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
37 30 33 43 25 31 43 29 81 233 120 197
3 1 0 0 9 -5 -14 -36 -48 -111 11 -63
-42 -40 -34 -39 -31 -9 -25 -3 -43 -85 -139 -168
Net Cash Flow -2 -9 -1 5 3 17 5 -9 -11 37 -8 -34
Free Cash Flow 36 30 33 43 34 30 43 29 80 230 119 191
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 235% 209% -898% 449% 451% -1,707% 102% 59% 110% 175% 87% 98%

Ratios

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 11 72 46 69 19 73 61 48 40 40 32 33
Inventory Days
Days Payable
Cash Conversion Cycle 11 72 46 69 19 73 61 48 40 40 32 33
Working Capital Days 399 523 600 267 62 127 278 136 5 -46 64 46
ROCE % 8% 10% 10% 9% 8% 18% 64% 86% 87% 104% 109% 118%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Mar 2027 (P)
YouTube Views
Billion views

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Catalogue Size (Songs in Library)
Count
New Songs Added
Count
YouTube Subscribers
Million
Digital Revenue Mix
Percent

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
68.92% 63.86% 64.16% 64.15% 64.15% 64.15% 64.15% 64.15% 64.15% 64.15% 64.15% 64.32%
0.85% 2.09% 2.39% 4.84% 7.42% 8.23% 8.11% 8.16% 7.34% 7.48% 7.99% 7.86%
0.91% 8.17% 6.72% 5.02% 4.27% 3.52% 4.08% 5.03% 4.97% 4.94% 5.36% 5.66%
29.32% 25.88% 26.74% 25.98% 24.15% 24.10% 23.66% 22.66% 23.54% 23.42% 22.49% 22.14%
No. of Shareholders 37,28857,20953,40460,55773,58068,86970,72669,56464,76262,10662,00364,406

* 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.

Click on the line-items to see the names of individual entities.

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