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BSE: 532375 | NSE: TIPSINDLTD | Film Production, Distribution & Entertainment | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Tips Industries Ltd is a average quality company.
The key valuation ratios of Tips Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tips Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -4.5% | 5.7% | 7.1% | -1.1% | 6.5% | 2.2% | 14.2% | 47.3% | 63.3% | 64.1% | - |
| Value Creation Index ⓘ | -1.3 | -0.6 | -0.5 | -1.1 | -0.5 | -0.8 | 0.0 | 2.4 | 3.5 | 3.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 104 | 102 | 68.4 | 47 | 47.5 | 203 | 91 | 90.5 | 136 | 187 | 230 |
| Sales YoY Gr. | - | -1.3% | -33.1% | -31.3% | 1% | 328% | -55.2% | -0.5% | 49.8% | 37.8% | - |
| Adj EPS ⓘ | -1.1 | 0.2 | 0.2 | -0.6 | 0.2 | 0 | 0.8 | 3.3 | 5 | 5.9 | 9.3 |
| YoY Gr. | - | NA | 11.1% | -405% | NA | -81.8% | 1875% | 322.8% | 48.8% | 19.5% | - |
| BVPS (₹) ⓘ | 4.6 | 4.6 | 4.6 | 4.8 | 4.9 | 4.9 | 5.6 | 7.8 | 7.9 | 10.6 | 17 |
| Adj Net Profit ⓘ | -16.3 | 2.8 | 3 | -8.8 | 3.1 | 0.5 | 11.3 | 43.4 | 64.4 | 76.3 | 120 |
| Cash Flow from Ops. ⓘ | -15.8 | 36.6 | 30 | 33.3 | 43.3 | 25 | 30.5 | 43.3 | 29.4 | 82.3 | - |
| Debt/CF from Ops. ⓘ | -8.4 | 2.9 | 3 | 1.9 | 0.8 | 0.3 | 0.1 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.8% | 31.5% | 27.1% | 37.8% | ||||
| Adj EPS ⓘ | NA | 93.3% | 95.9% | 19.5% | ||||
| BVPSⓘ | 9.9% | 16.8% | 23.6% | 34.2% | ||||
| Share Price | 60.3% | 135.4% | 111.8% | 177.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -20.6 | 4 | 4.3 | -12.7 | 4.5 | 0.8 | 14.9 | 47.7 | 63.2 | 63.9 | 67.6 |
| Op. Profit Mgn % ⓘ | -4.6 | 14.4 | 21.9 | -7.2 | 20.2 | 3.1 | -2.2 | 60.9 | 63.6 | 54.6 | 67.1 |
| Net Profit Mgn % ⓘ | -15.7 | 2.7 | 4.4 | -18.6 | 6.6 | 0.3 | 12.4 | 47.9 | 47.5 | 40.8 | 52 |
| Debt to Equity ⓘ | 1.9 | 1.5 | 1.3 | 0.9 | 0.5 | 0.1 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 655 | 605 | 766 | 1,007 | 1,107 | 224 | 253 | 310 | 287 | 232 | 145 |
| Cash Conv. Cycle ⓘ | 438 | 434 | 547 | 730 | 530 | 79 | 67 | -6 | -2 | -14 | 110 |
Return on Equity has increased versus last 3 years average to 67.60%
Sales growth is growing at healthy rate in last 3 years 27.09%
Sales growth is good in last 4 quarters at 39.04%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 9.3 | -0.7 |
| TTM Sales (₹ Cr.) | 230 | 33.1 |
| BVPS (₹.) ⓘ | 17 | 0 |
| Reserves (₹ Cr.) ⓘ | 205 | 50 |
| P/BV ⓘ | 27.10 | 0.00 |
| PE ⓘ | 49.30 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 148.00 / 531.10 |
| All Time Low / High (₹) | 1.81 / 531.10 |
| Market Cap (₹ Cr.) | 5,903 |
| Equity (₹ Cr.) | 12.8 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 44.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 104 | 102 | 68 | 47 | 47 | 203 | 91 | 91 | 136 | 187 |
| Operating Expenses ⓘ | 108 | 88 | 53 | 50 | 38 | 197 | 93 | 35 | 49 | 85 |
| Manufacturing Costs | 70 | 69 | 23 | 31 | 20 | 170 | 40 | 10 | 25 | 53 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 8 | 6 | 7 |
| Other Costs ⓘ | 33 | 13 | 25 | 13 | 11 | 20 | 46 | 17 | 19 | 25 |
| Operating Profit ⓘ | -5 | 15 | 15 | -3 | 10 | 6 | -2 | 55 | 86 | 102 |
| Operating Profit Margin (%) | -4.6% | 14.4% | 21.9% | -7.2% | 20.2% | 3.1% | -2.2% | 60.9% | 63.6% | 54.6% |
| Other Income ⓘ | 2 | 2 | 3 | 19 | 2 | 4 | 18 | 5 | 3 | 5 |
| Interest ⓘ | 11 | 12 | 13 | 10 | 7 | 2 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -16 | 3 | 4 | 4 | 4 | 7 | 14 | 59 | 89 | 106 |
| Tax ⓘ | 1 | 1 | 1 | 1 | 1 | 4 | 3 | 16 | 24 | 29 |
| Profit After Tax | -16 | 3 | 3 | 3 | 3 | 3 | 11 | 43 | 65 | 77 |
| PAT Margin (%) | -15.7% | 2.6% | 4.4% | 6.3% | 6.6% | 1.4% | 12.5% | 48.0% | 47.6% | 41.0% |
| Adjusted EPS (₹) | -1.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.8 | 3.4 | 5.0 | 6.0 |
| Dividend Payout Ratio (%) | -20% | 57% | 50% | 48% | 46% | 50% | 19% | 6% | 4% | 8% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 70 | 70 | 70 | 68 | 70 | 71 | 80 | 101 | 102 | 136 |
| Share Capital ⓘ | 15 | 15 | 15 | 14 | 14 | 14 | 14 | 13 | 13 | 13 |
| Reserves ⓘ | 54 | 55 | 55 | 54 | 55 | 56 | 66 | 88 | 89 | 123 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 119 | 90 | 67 | 49 | 19 | 2 | 2 | 0 | 0 | 0 |
| Long Term Debt | 60 | 90 | 65 | 49 | 14 | 2 | 2 | 0 | 0 | 0 |
| Short Term Debt | 58 | 1 | 2 | 0 | 5 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 8 | 1 | 8 | 1 | 5 | 11 | 4 | 6 | 4 | 16 |
| Others Liabilities ⓘ | 43 | 19 | 29 | 21 | 112 | 15 | 11 | 61 | 78 | 90 |
| Total Liabilities ⓘ | 240 | 180 | 174 | 140 | 206 | 99 | 98 | 169 | 185 | 242 |
Fixed Assets | ||||||||||
| Gross Block | 38 | 38 | 38 | 10 | 10 | 10 | 11 | 11 | 13 | 13 |
| Accumulated Depreciation | 8 | 10 | 12 | 7 | 8 | 8 | 9 | 9 | 7 | 8 |
| Net Fixed Assetsⓘ | 30 | 28 | 26 | 3 | 2 | 2 | 2 | 2 | 6 | 5 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 18 | 5 | 13 |
| Inventories | 149 | 98 | 105 | 75 | 57 | 29 | 0 | 0 | 0 | 0 |
| Trade Receivables | 5 | 3 | 14 | 6 | 9 | 11 | 18 | 15 | 18 | 20 |
| Cash Equivalents | 13 | 11 | 2 | 1 | 8 | 9 | 26 | 33 | 62 | 97 |
| Others Assetsⓘ | 44 | 41 | 28 | 55 | 129 | 49 | 46 | 100 | 93 | 107 |
| Total Assets ⓘ | 240 | 180 | 174 | 140 | 206 | 99 | 98 | 169 | 185 | 242 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -16 | 37 | 30 | 33 | 43 | 25 | 31 | 43 | 29 | 82 |
| PBT ⓘ | -16 | 3 | 4 | 4 | 4 | 7 | 14 | 59 | 89 | 106 |
| Adjustment ⓘ | 12 | 12 | 14 | 12 | 8 | 2 | 14 | 0 | -1 | -3 |
| Changes in Working Capital ⓘ | -10 | 20 | 13 | 14 | 31 | 19 | 6 | -3 | -36 | 10 |
| Tax Paid ⓘ | -3 | 1 | -1 | 3 | 0 | -3 | -4 | -13 | -22 | -31 |
| Cash Flow From Investing Activity ⓘ | 0 | 3 | 1 | 0 | 0 | 9 | -5 | -14 | -27 | -49 |
| Capex | 0 | 0 | 0 | 0 | 0 | 10 | -1 | -1 | 0 | -1 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | -5 | -14 | -25 | -53 |
| Others ⓘ | 0 | 4 | 1 | 0 | 0 | -1 | 1 | 1 | -1 | 4 |
| Cash Flow From Financing Activityⓘ | 19 | -42 | -40 | -34 | -39 | -31 | -9 | -25 | -3 | -43 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -4 | 29 | -25 | -16 | -35 | -22 | -7 | -2 | 0 | 0 |
| Interest Paid ⓘ | -11 | -12 | -13 | -10 | -7 | -2 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -3 | -2 | -2 | -2 | -2 | -2 | -2 | -2 | -3 | -3 |
| Others ⓘ | 37 | -58 | -1 | -7 | 5 | -5 | 0 | -21 | 0 | -41 |
| Net Cash Flow ⓘ | 3 | -2 | -9 | -1 | 5 | 3 | 17 | 5 | -1 | -11 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -20.6 | 3.86 | 4.33 | 4.33 | 4.54 | 4.06 | 15.01 | 47.86 | 63.4 | 64.15 |
| ROCE (%) | -2.49 | 7.85 | 9.8 | 9.98 | 8.94 | 10.27 | 18.13 | 64.56 | 87.1 | 88.8 |
| Asset Turnover Ratio | 0.45 | 0.49 | 0.39 | 0.3 | 0.28 | 1.33 | 0.92 | 0.68 | 0.77 | 0.88 |
| PAT to CFO Conversion(x) | N/A | 12.33 | 10 | 11 | 14.33 | 8.33 | 2.82 | 1 | 0.45 | 1.06 | Working Capital Days |
| Receivable Days | 24 | 15 | 45 | 75 | 57 | 18 | 58 | 67 | 44 | 37 |
| Inventory Days | 467 | 441 | 539 | 696 | 509 | 77 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Founded in 1975, Tips Industries Limited is one of the oldest companies in the Indian M&E Industry. Mr. Kumar Taurani and Mr. Ramesh Taurani, the co-founders of TIPS, are well-known names in the Indian M&E space with a proven track record of producing films that have wholesome entertainment for the entire family.
The company was incorporated on May 8, 1996 under Chapter IX of the Companies Act, 1956. The company currently owns many titles of which a minimum of 10 have been 10 million sellers, and over 15 have grossed more than 5 millions in sales and another 20 have bagged sales of about a million. Since the year 1981, the company has the highest number of gold and platinum discs to their credit in comparison with any other record label in India.
The company also holds soundtrack copyrights of at least 50 Hindi movies, while the soundtrack copyright of each movie costs about a million dollars and another million dollars is spent on promotion.
Similarly, the company boasts of its own distribution system. It possesses a set of distributors handling only Tips products, an exceptional phenomenon in the Indian music industry as mostly distributors are found dabbling in the product of more than one record label.
The company also owns two factories which use internationally recognized, state of the art machines specially imported from Italy and Denmark, such as Otari, Lyrec and Tapematics. These factories incorporate digital bin mastering facilities, work on just-in-time inventory management system and use in-house logistics facilities to deliver lacks of cassettes per day to the Indian market.
In what serves as a testimony to the company’s success, the company has offices located in the United States, Dubai and England where it operates via its licenses. It also distributes products in South Africa, Israel, Malaysia and is currently looking for aggressive distribution and expanding its repertoire in other markets.
Business area of the company
TIPS is a leading company in the Media & Entertainment Industry, engaged in the production and distribution of films and leveraging its audio content library digitally in India and overseas. The company is also a leading producer of Punjabi films in the country.
One of the strongest assets of TIPS is its rich and evergreen music collection. Its large and diversified music library has a collection of over 29,000 songs across all genres and major languages. The songs are digitized and available on all the leading online music stores, applications, and web platforms.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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