Tips Music Ltd - Stock Valuation and Financial Performance

BSE: 532375 | NSE: TIPSMUSIC | Film Production, Distribution & Entertainment | Small Cap

Tips Music Share Price

899 29.50 3.39%
as on 04-Dec'24 14:25

DeciZen - make an informed investing decision on Tips Music

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Tips Music stock performance -

mw4me loader
P/E Ratio (SA):
73.06
Market Cap:
11,115 Cr.
52-wk low:
335.6
52-wk high:
950

Is Tips Music Ltd an attractive stock to invest in?

1. Is Tips Music Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tips Music Ltd is a good quality company.

2. Is Tips Music Ltd undervalued or overvalued?

The key valuation ratios of Tips Music Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Tips Music Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Tips Music Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Tips Music:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tips Music Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7.9%9.8%10%8.9%10.3%18.1%64.6%87.1%88.8%108.3%-
Value Creation
Index
-0.4-0.3-0.3-0.4-0.30.33.65.25.37.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10268.44747.52039190.5136187242283
Sales YoY Gr.--33.1%-31.3%1%328%-55.2%-0.5%49.8%37.8%29.3%-
Adj EPS 0.20.2-0.60.200.83.355.99.911.9
YoY Gr.-11.1%-405%NA-81.8%1875%322.8%48.8%19.5%65.8%-
BVPS (₹) 4.64.64.84.94.95.67.87.910.61415.6
Adj Net
Profit
2.83-8.83.10.511.343.464.476.3127152
Cash Flow from Ops. 36.63033.343.32530.543.329.481.1233-
Debt/CF from Ops. 2.931.90.80.30.10000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10%3.5%38.7%29.3%
Adj EPS 56%200.8%43.4%65.8%
BVPS13.2%23.1%21.4%31.9%
Share Price 61.7% 161.1% 88.4% 149.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
44.3-12.74.50.814.947.763.263.980.280.5
Op. Profit
Mgn %
14.421.9-7.220.23.1-2.260.963.654.665.666.3
Net Profit
Mgn %
2.74.4-18.66.60.312.447.947.540.852.453.8
Debt to
Equity
1.51.30.90.50.1000000
Working Cap
Days
6057661,0071,107224253310287234248177
Cash Conv.
Cycle
4345477305307967-6-2-14-45120

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 80.50%

Sales growth is growing at healthy rate in last 3 years 38.70%

Sales growth is good in last 4 quarters at 30.42%

No data to display

Latest Financials - Tips Music Ltd.

Standalone Consolidated
TTM EPS (₹) 11.9 -0.7
TTM Sales (₹ Cr.) 283 33.1
BVPS (₹.) 15.6 0
Reserves (₹ Cr.) 186 50
P/BV 55.81 0.00
PE 73.06 0.00
From the Market
52 Week Low / High (₹) 335.60 / 950.00
All Time Low / High (₹) 1.81 / 950.00
Market Cap (₹ Cr.) 11,115
Equity (₹ Cr.) 12.8
Face Value (₹) 1
Industry PE 45.6

Management X-Ray of Tips Music:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tips Music

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1026847472039191136187242
Operating Expenses 885350381979335498583
Manufacturing Costs692331201704010255348
Material Costs0000000000
Employee Cost 66777786711
Other Costs 13251311204617192524
Operating Profit 1515-3106-25586102158
Operating Profit Margin (%) 14.4%21.9%-7.2%20.2%3.1%-2.2%60.9%63.6%54.6%65.6%
Other Income 2319241853514
Interest 1213107200000
Depreciation 2211111112
Exceptional Items 0000000000
Profit Before Tax 34447145989106171
Tax 11114316242943
Profit After Tax 3333311436577127
PAT Margin (%) 2.6%4.4%6.3%6.6%1.4%12.5%48.0%47.6%41.0%52.6%
Adjusted EPS (₹)0.20.20.20.20.20.83.45.06.09.9
Dividend Payout Ratio (%)57%50%48%46%50%19%6%4%8%61%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 707068707180101102136179
Share Capital 15151414141413131313
Reserves 5555545556668889123167
Minority Interest0000000000
Debt90674919220000
Long Term Debt90654914220000
Short Term Debt1205000000
Trade Payables1815114641615
Others Liabilities 1929211121511617890237
Total Liabilities 1801741402069998169185242431

Fixed Assets

Gross Block38381010101111131317
Accumulated Depreciation101278899789
Net Fixed Assets282632222658
CWIP 0000000000
Investments 0000061851391
Inventories9810575572900000
Trade Receivables31469111815182026
Cash Equivalents 11218926336296131
Others Assets412855129494610093108175
Total Assets 1801741402069998169185242431

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 373033432531432981233
PBT 34447145989106171
Adjustment 12141282140-1-3-6
Changes in Working Capital 20131431196-3-369113
Tax Paid 1-130-3-4-13-22-31-44
Cash Flow From Investing Activity 31009-5-14-27-48-111
Capex 000010-1-10-1-3
Net Investments 00000-5-14-25-52-117
Others 4100-111-149
Cash Flow From Financing Activity -42-40-34-39-31-9-25-3-43-85
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 29-25-16-35-22-7-2000
Interest Paid -12-13-10-7-200000
Dividend Paid -2-2-2-2-2-2-2-3-3-83
Others -58-1-75-50-210-41-1
Net Cash Flow -2-9-153175-1-1137
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)3.864.334.334.544.0615.0147.8663.464.1580.57
ROCE (%)7.859.89.988.9410.2718.1364.5687.188.8108.26
Asset Turnover Ratio0.490.390.30.281.330.920.680.770.880.72
PAT to CFO Conversion(x)12.33101114.338.332.8210.451.051.83
Working Capital Days
Receivable Days15457557185867443735
Inventory Days4415396965097700000
Payable Days0000000000

Tips Music Ltd Stock News

Tips Music Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tips Music on 04-Dec-2024 14:25 is ₹899.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2024 14:25 the market cap of Tips Music stood at ₹11,115.
The latest P/E ratio of Tips Music as of 04-Dec-2024 14:25 is 73.06.
The latest P/B ratio of Tips Music as of 04-Dec-2024 14:25 is 55.81.
The 52-week high of Tips Music is ₹950.0 and the 52-week low is ₹335.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tips Music is ₹282.6 ( Cr.) .

About Tips Music Ltd

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.

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