Tips Music Ltd

Tips Music Ltd

₹ 646 8.23%
23 Apr 4:01 p.m.
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.

  • Market Cap 8,296 Cr.
  • Current Price 646
  • High / Low 718 / 481
  • Stock P/E 38.3
  • Book Value 20.3
  • Dividend Yield 2.01 %
  • ROCE 122 %
  • ROE 92.3 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 38.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 85.7%
  • 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 31.8 times its book value
  • Promoter holding has decreased over last 3 years: -10.8%
  • Working capital days have increased from 70.1 days to 192 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
52 53 61 65 63 74 81 78 78 88 89 94 104
26 18 11 21 33 20 21 22 41 32 21 20 27
Operating Profit 26 35 50 43 30 54 59 56 37 57 68 75 77
OPM % 51% 67% 82% 67% 48% 74% 74% 72% 48% 64% 76% 79% 74%
2 2 4 3 5 5 6 4 5 6 5 5 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 1 0 0 0 1 1 1 1 1 1 1 1
Profit before tax 28 36 53 46 35 58 64 59 41 62 72 79 80
Tax % 34% 25% 25% 25% 26% 25% 25% 25% 26% 26% 26% 25% 26%
18 27 40 35 26 44 48 44 31 46 53 59 59
EPS in Rs 1.43 2.11 3.09 2.70 2.01 3.41 3.77 3.46 2.39 3.59 4.16 4.59 4.62
Raw PDF
Upcoming result date: today

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
102 68 47 47 203 91 91 136 187 242 311 376
87 53 50 38 197 93 35 49 85 83 104 100
Operating Profit 15 15 -3 10 6 -2 55 86 102 158 207 276
OPM % 15% 22% -7% 20% 3% -2% 61% 64% 55% 66% 67% 73%
1 3 19 2 4 18 5 3 5 14 19 19
Interest 12 13 10 7 2 0 0 0 0 0 0 0
Depreciation 2 2 1 1 1 1 1 1 1 2 2 2
Profit before tax 3 4 4 4 7 14 59 89 106 171 223 292
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
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
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: 21%
Compounded Profit Growth
10 Years: 53%
5 Years: 38%
3 Years: 42%
TTM: 34%
Stock Price CAGR
10 Years: 60%
5 Years: 71%
3 Years: 61%
1 Year: -2%
Return on Equity
10 Years: 60%
5 Years: 80%
3 Years: 86%
Last Year: 92%

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
Equity Capital 15 15 14 14 14 14 13 13 13 13 13 13
Reserves 55 55 54 55 56 66 88 89 123 167 197 247
106 89 64 36 8 2 0 0 4 5 3 5
4 15 3 97 15 8 49 44 53 154 126 97
Total Liabilities 180 174 135 202 95 90 150 147 193 339 339 362
28 26 25 23 15 15 15 7 5 8 7 14
CWIP 0 0 0 0 0 0 0 0 0 0 1 0
Investments 0 0 0 0 0 6 18 5 13 91 95 150
153 148 111 179 79 70 117 135 174 240 237 198
Total Assets 180 174 135 202 95 90 150 147 193 339 339 362

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/OP 235% 209% -898% 449% 451% -1,707% 102% 59% 110% 175% 87% 98%

Ratios

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
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 64 192
ROCE % 8% 10% 10% 9% 8% 18% 64% 86% 87% 104% 109% 122%

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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
75.00% 75.00% 68.92% 63.86% 64.16% 64.15% 64.15% 64.15% 64.15% 64.15% 64.15% 64.15%
0.06% 0.42% 0.85% 2.09% 2.39% 4.84% 7.42% 8.23% 8.11% 8.16% 7.34% 7.48%
0.00% 0.57% 0.91% 8.17% 6.72% 5.02% 4.27% 3.52% 4.08% 5.03% 4.97% 4.94%
24.95% 24.02% 29.32% 25.88% 26.74% 25.98% 24.15% 24.10% 23.66% 22.66% 23.54% 23.42%
No. of Shareholders 25,88629,97437,28857,20953,40460,55773,58068,86970,72669,56464,76262,106

* 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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