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Tips Music

TIPSMUSIC NSE
₹786.55 No trade today
P/E
46.85
View as Markdown
MCP
Close 4 Nov 2026 ₹786.55 +277.70 +54.6% 1Y
Start ₹508.85

Key Fundamentals

MicrocapEntertainmentMedia Entertainment & Publication

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
118.00%
Debt to Equity
0.02
EPS (TTM)
₹16.79
Book Value
₹25.50
Market Cap
—
P/E (TTM)
46.85
P/B
30.85
ROE
87.60%
Dividend Yield
0.83%
EBITDA
₹295 Cr
52W High
₹808.80
52W Low
₹481.15
Volume
0

Peer Comparison

Consumer Discretionary › Media › Media & Entertainment

Tips Music peer comparison
Prime Focus
₹305.55205.07₹22,818 Cr11.390.00%15.70%11.30%₹4,919 Cr₹145 Cr
Saregama India
₹636.8055.33₹11,005 Cr7.760.80%12.70%17.30%₹1,041 Cr₹221 Cr
Tips Music (this company)
₹786.5546.85₹9,988 Cr30.850.83%87.60%118.00%₹394 Cr₹215 Cr
Network18 Media & Investments
₹26.41—₹4,039 Cr0.820.00%0.75%3.01%₹2,169 Cr−₹32 Cr
Balaji Telefilms
₹87.23—₹1,071 Cr1.700.23%−8.29%−10.10%₹378 Cr−₹22 Cr
Basilic Fly Studio
₹171.609.61₹435 Cr1.300.00%19.10%21.50%₹417 Cr₹45 Cr
Entertainment Network
₹82.82—₹398 Cr0.522.36%−0.98%−1.77%₹562 Cr−₹8 Cr
Median 7 companies₹171.6051.09₹4,039 Cr1.700.23%12.70%11.30%₹562 Cr₹45 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

65 Good

Data confidence 100/100

Category scores

Quality
86
Strong
Returns, margins, earnings quality 22% weight
Valuation
35
Poor
Cheap vs sector & own history 24% weight
Growth
71
Strong
Sales & profit trajectory 9% weight
Financial Health
91
Strong
Solvency, leverage, coverage 9% weight
Momentum
78
Strong
Trend strength, vol-adjusted 12% weight
Ownership
56
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 31.4 times its book value
  • Promoter holding has decreased over last 3 years: -10.8%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2512
OscillatorsNeutral252
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
65.45
Neutral
MACD (12,26,9)
32.37
Bullish
SMA (50)
683.12
Bullish
SMA (200)
626.59
Bullish

As of

Analyst Rating

Based on 3 analysts
BUY100%

3 of 3 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
3
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+18.65%
5Y+32.81%
3Y+26.22%
1Y+20.90%
TTM+21.23%

Net profit

Net profit growth by window
10Y+53.44%
5Y+38.23%
3Y+41.25%
1Y+29.94%
TTM+27.22%

Operating cash flow

Operating cash flow growth by window
10Y+20.71%
5Y+35.58%
3Y+34.48%
1Y+64.17%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+51.34 pp
5Y+12.96 pp
3Y+18.85 pp
1Y+6.84 pp
TTM+5.23 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹47.00 Cr
Mar 2018₹47.00 Cr
Mar 2019₹203 Cr
Mar 2020₹91.00 Cr
Mar 2021₹91.00 Cr
Mar 2022₹136 Cr
Mar 2023₹187 Cr
Mar 2024₹242 Cr
Mar 2025₹311 Cr
Mar 2026₹376 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹3.00 Cr
Mar 2018₹3.00 Cr
Mar 2019₹3.00 Cr
Mar 2020₹11.00 Cr
Mar 2021₹43.00 Cr
Mar 2022₹65.00 Cr
Mar 2023₹77.00 Cr
Mar 2024₹127 Cr
Mar 2025₹167 Cr
Mar 2026₹217 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹316 Cr +7.1% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI 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 6
  • 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

94d ago

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.

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.

Quarterly Results

₹ Cr
TIPSMUSIC quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
53
61
65
63
74
81
78
78
88
89
94
104
107
120
Expenses
18
11
21
33
20
21
22
41
32
21
20
27
53
35
Operating Profit
35
50
43
30
54
59
56
37
57
68
75
77
54
85
OPM %
67%
82%
67%
48%
74%
74%
72%
48%
64%
76%
79%
74%
50%
71%
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
0
Depreciation
1
0
0
0
1
1
1
1
1
1
1
1
1
1
PBT
36
53
46
35
58
64
59
41
62
72
79
80
58
88
Tax %
25%
25%
25%
26%
25%
25%
25%
26%
26%
26%
25%
26%
25%
25%
Net Profit
27
40
35
26
44
48
44
31
46
53
59
59
44
66
EPS (₹)
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
—

Sep 2026: from the results filed on 15 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
TIPSMUSIC profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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

₹ Cr
TIPSMUSIC balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
TIPSMUSIC cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

TIPSMUSIC financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Tips Music insights

60 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 64.32%
  • Public 16.09%
  • FIIs 7.86%
  • Others 6.06%
  • DIIs 5.66%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Tips Music

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.
Where is Tips Music Ltd (TIPSMUSIC) listed?
Tips Music Ltd trades as TIPSMUSIC on the NSE and under code 532375 on the BSE.
Which sector does Tips Music Ltd belong to?
Tips Music Ltd is classified under the Media sector, in the Media & Entertainment industry.
What is the PE ratio of Tips Music Ltd?
Tips Music Ltd trades at a PE ratio of 46.85 as of 4 Nov 2026, on earnings per share of ₹16.79, against a book value of ₹25.5 per share.
What is the 52-week high and low of Tips Music Ltd?
Over the last 52 weeks Tips Music Ltd has traded between ₹481.15 and ₹808.8 as of 4 Nov 2026.
Does Tips Music Ltd pay dividends?
Tips Music Ltd has a dividend yield of 0.83%.
What is the Return on Equity (ROE) of Tips Music Ltd?
Tips Music Ltd reported a return on equity of 87.60%. Its debt-to-equity ratio is 0.02.

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.

Website tips.in
Listed 10 Nov 2000
Face Value ₹1

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