Tips Music Ltd
₹ 660
0.35%
21 Sep
- close price
- Market Cap ₹ 8,437 Cr.
- Current Price ₹ 660
- High / Low ₹ 741 / 481
- Stock P/E 39.3
- Book Value ₹ 20.3
- Dividend Yield 1.97 %
- 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 32.5 times its book value
- Promoter holding has decreased over last 3 years: -10.8%
* 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 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 | 394 | |
| 87 | 53 | 50 | 38 | 197 | 93 | 35 | 49 | 85 | 83 | 104 | 100 | 121 | |
| Operating Profit | 15 | 15 | -3 | 10 | 6 | -2 | 55 | 86 | 102 | 158 | 207 | 276 | 273 |
| OPM % | 15% | 22% | -7% | 20% | 3.1% | -2.2% | 61% | 64% | 55% | 66% | 67% | 73% | 69% |
| 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 | 289 |
| 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 | 215 | |
| 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 | 16.79 |
| 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: | 52% |
| 5 Years: | 37% |
| 3 Years: | 39% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 62% |
| 5 Years: | 42% |
| 3 Years: | 29% |
| 1 Year: | 10% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 46 |
| ROCE % | 8% | 10% | 10% | 9% | 8% | 18% | 64% | 86% | 87% | 104% | 109% | 118% |
Insights
In beta| Feb 2021 | Mar 2022 | Jan 2024 | Jan 2025 | Mar 2026 | Mar 2027 (P) | |
|---|---|---|---|---|---|---|
| Catalogue Size (Songs in Library) Count |
|
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| YouTube Subscribers Million |
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| YouTube Views Billion views |
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| Digital Revenue Mix Percent |
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| New Songs Added Count |
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Requires Premium
Requires Premium
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
- Tips Music bought back 12,416 shares on Sep 21 at ₹658.3953; cumulative buyback 337,116 shares.
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
-
Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
- Tips Music bought 62,000 shares on Sept. 16, 2026; cumulative buyback reached 1,97,700 shares at Rs 658.4024.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
from bse
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
Concalls
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Jul 2026Transcript PPT REC
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Apr 2026Transcript REC
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Apr 2026PPT REC
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Jan 2026Transcript PPT REC
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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 2024PPT
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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 2023PPT
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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 2022PPT
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Oct 2021PPT
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Jul 2021Transcript PPT
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Jun 2021PPT
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Feb 2021Transcript
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Feb 2021Transcript PPT
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]