Tips Music Ltd
TIPSMUSIC NSE
Tips Music Ltd
Consumer DiscretionaryNSE: TIPSMUSIC BSE: 532375 Entertainment
Key Fundamentals
MicrocapMedia & EntertainmentMediaMarket Cap
₹8,375 Cr
Volatility
Moderate
P/E Ratio
39.37
EBITDA
₹295 Cr
Return on Equity
83.38%
Debt to Equity
0.02
Book Value
₹20.34
EPS
₹11.24
52W High
₹741
52W Low
₹481.15
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Tips Music Ltd insights
46 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
5- 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
Weaknesses
2- Stock is trading at 32.3 times its book value
- Promoter holding has decreased over last 3 years: -10.8%
Growth Rate
Revenue Growth
19.59% ↗
Net Income Growth
30.07% ↗
Cash Flow Change
63.84% ↗
ROE
4.89% ↗
ROCE
13.42% ↗
EBITDA Margin (Avg.)
9.15% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 18d agoAI opinion · based on fundamentals
Risk medium
Tips Music Ltd is a debt-free music content company with a market cap of ₹8,461 Cr, trading at a PE of 39.7x and PB of 32.7x. The company has delivered 38% profit CAGR over 5 years with ROE consistently above 80% in recent years, but faces valuation concerns and deteriorating working capital efficiency.
Bull Case 7
- Virtually debt-free balance sheet, providing financial flexibility and resilience against interest rate cycles
- Exceptional 5-year compounded profit growth of 38% CAGR, demonstrating strong earnings momentum
- Outstanding return on equity at 92% in the last year and 86% over 3 years, indicating highly efficient capital deployment
- Healthy dividend payout ratio of 63.6% with a current yield of 1.96%, rewarding shareholders consistently
- TTM revenue growth of 21% and 10-year median sales growth of 24.7%, reflecting sustained demand for music content
- 10-year stock CAGR of 61% and 5-year CAGR of 41%, showing long-term wealth creation track record
- 5-year compounded sales growth of 33% indicates the company has scaled revenue significantly in the streaming era
Bear Case 7
- Stock trades at 32.7x book value, leaving minimal margin of safety if growth decelerates
- Promoter holding has declined by 10.8% over the last 3 years, raising questions about insider confidence or potential dilution
- Working capital days have deteriorated sharply from 70.1 days to 192 days, signalling potential collection inefficiencies or revenue recognition timing issues
- PE ratio of 39.7x prices in significant future growth; any earnings miss could trigger a sharp re-rating downward
- TTM sales growth of 21% has decelerated from the 3-year CAGR of 26% and 5-year CAGR of 33%, suggesting a potential growth slowdown
- 52-week high and low data unavailable, limiting visibility on recent price volatility and technical support levels
- High valuation multiples make the stock vulnerable to broader market de-rating in a rising interest rate or risk-off environment
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 15d ago Headwinds 2
- Q1 net profit dips 4.7% YoY Jul 24
Tips Music reported ₹43.70 crore net profit for Q1FY27, down 4.7% YoY despite revenue growth, indicating margin compression.
- Buyback proposal deferred Jul 22
The company deferred its proposed share buyback with no revised timeline or reasons disclosed, removing a near-term capital return catalyst.
Positives 1
- Q1 revenue up ~20% YoY Jul 24
Revenue rose 19.8% YoY to ₹112.34 crore (₹1.07B) in Q1FY27 from ₹881M a year ago, reflecting strong top-line momentum.
Neutral 1
- Q1FY27 earnings call hosted Jul 23
Tips Music uploaded the audio recording of its Q1FY27 earnings call held on July 22, with CMD Kumar Taurani participating.
TL;DR: Tips Music delivered strong ~20% revenue growth in Q1FY27 but saw a 4.7% decline in net profit, suggesting rising costs or investments are pressuring margins. The buyback deferral removes a shareholder-friendly catalyst in the near term. The top-line trend remains robust, but investors should watch whether margin headwinds persist in coming quarters.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 53 | 61 | 65 | 63 | 74 | 81 | 78 | 78 | 88 | 89 | 94 | 104 | 107 |
| Expenses | 18 | 11 | 21 | 33 | 20 | 21 | 22 | 41 | 32 | 21 | 20 | 27 | 53 |
| Operating Profit | 35 | 50 | 43 | 30 | 54 | 59 | 56 | 37 | 57 | 68 | 75 | 77 | 54 |
| OPM % | 67% | 82% | 67% | 48% | 74% | 74% | 72% | 48% | 64% | 76% | 79% | 74% | 50% |
| Other Income | 2 | 4 | 3 | 5 | 5 | 6 | 4 | 5 | 6 | 5 | 5 | 4 | 6 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PBT | 36 | 53 | 46 | 35 | 58 | 64 | 59 | 41 | 62 | 72 | 79 | 80 | 58 |
| Tax % | 25% | 25% | 25% | 26% | 25% | 25% | 25% | 26% | 26% | 26% | 25% | 26% | 25% |
| Net Profit | 27 | 40 | 35 | 26 | 44 | 48 | 44 | 31 | 46 | 53 | 59 | 59 | 44 |
| EPS in Rs | 2.11 | 3.09 | 2.7 | 2.01 | 3.41 | 3.77 | 3.46 | 2.39 | 3.59 | 4.16 | 4.59 | 4.62 | 3.42 |
Profit & Loss
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 102 | 68 | 47 | 47 | 203 | 91 | 91 | 136 | 187 | 242 | 311 | 376 | 394 |
| Expenses | 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% |
| Other Income | 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 |
| PBT | 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% | — |
| Net Profit | 3 | 3 | 3 | 3 | 3 | 11 | 43 | 65 | 77 | 127 | 167 | 217 | 215 |
| EPS in Rs | 0.18 | 0.2 | 0.21 | 0.22 | 0.2 | 0.79 | 3.35 | 4.98 | 5.96 | 9.9 | 13.03 | 16.96 | 16.79 |
| Div. Payout % | 57% | 50% | 48% | 46% | 50% | 19% | 4% | 4% | 8% | 61% | 54% | 77% | — |
Balance Sheet
| 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 |
| Borrowings | 106 | 89 | 64 | 36 | 8 | 2 | 0 | 0 | 4 | 5 | 3 | 5 |
| Other Liabilities | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 37 | 30 | 33 | 43 | 25 | 31 | 43 | 29 | 81 | 233 | 120 | 197 |
| Investing | 3 | 1 | 0 | 0 | 9 | -5 | -14 | -36 | -48 | -111 | 11 | -63 |
| Financing | -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
| 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 |
| 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% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 May - Tips Music to hold one-on-one physical analyst/investor meeting on May 5, 2026. 2 May - Tips Music to hold one-on-one physical analyst/investor meeting on May 5, 2026.
3
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 May - Tips Music to hold one-on-one physical analyst/investor meeting on May 5, 2026. 2 May - Tips Music to hold one-on-one physical analyst/investor meeting on May 5, 2026.
4
Clarification On News Item Appearing In Newspaper
5 May - Tips Music denies promoter stake sale report; says no reportable event exists. 5 May - Tips Music denies promoter stake sale report; says no reportable event exists.
Frequently Asked Questions about Tips Music Ltd
What does Tips Music Ltd do?
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]
Where is Tips Music Ltd (TIPSMUSIC) listed?
Tips Music Ltd is listed on the Indian stock exchanges. It is listed on NSE: TIPSMUSIC and BSE: 532375. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tips Music Ltd belong to?
Tips Music Ltd operates in the Consumer Discretionary sector within the Entertainment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tips Music Ltd?
Tips Music Ltd has a market capitalisation of approximately ₹8374.70 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Tips Music Ltd?
The Price-to-Earnings (PE) ratio of Tips Music Ltd is 39.37. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tips Music Ltd?
Over the past 52 weeks, Tips Music Ltd has traded between a low of ₹481.15 and a high of ₹741. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tips Music Ltd pay dividends?
Yes, Tips Music Ltd has a dividend yield of 1.98%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Tips Music Ltd?
Tips Music Ltd has a Return on Equity (ROE) of 83.38%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tips Music Ltd on Tapetide?
On Tapetide, you can view Tips Music Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]