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10 Yrs X-Ray 
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Tips Music Ltd (TIPSMUSIC)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532375 NSE: TIPSMUSIC Film Production, Distribution & Entertainment | Small Cap | Tips Music Share Price
₹670.25 -1.15 (-0.17%)
As on 14-Aug'26 16:59
Tips Music Ltd (TIPSMUSIC)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532375 NSE: TIPSMUSIC Film Production, Distribution & Entertainment | Small Cap | Tips Music Share Price
₹670.25 -1.15 (-0.17%)
As on 14-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹8,568 Cr.
Current Price
₹670.3
52-Week Low / High
₹483 / 741
TTM EPS
₹16.8
TTM Sales
₹394 Cr.
Book Value per Share
₹23.8
P/E Ratio
39.92
In line with its 5-year historical median
Industry PE
35.7
Price to Book (P/B)
28.22
Higher than its 5-year historical median
Price to Sales (P/S)
21.75
Higher than its 5-year historical median
EV/EBITDA
29.34
In line with its 5-year historical median
Dividend Yield
1.94%
Profitability Efficiency
Return on Equity (ROE)
92.33%
In line with industry median
Return on Capital Employed (ROCE)
124.42%
Outperforms industry median
Return on Assets (ROA)
61.92%
Operating Profit Margin
73.4%
Net Profit Margin
57.72%
Gross Profit Margin
78.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
20.86%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
33.44%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
30.13%
Asset Quality
Promoter Holding
64.15%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹291 Cr.
Equity
₹12.8 Cr.
Face Value
₹1
All Time Low / High
₹1.81 / 950.00
Check Before You Invest
Quality
Very GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Tips Music Ltd a good quality company?
Tips Music Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Tips Music Ltd performance compare with that of its Peers?
Revenue growth of Tips Music Ltd vs industry peers?
Tips Music Ltd revenue CAGR is 32.91%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Tips Music Ltd?
Promoters hold 64.15% of the Tips Music Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Tips Music Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 60.2% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10% | 8.9% | 10.3% | 18.1% | 64.6% | 87.1% | 88.8% | 108.3% | 114.9% | 124.4% | - |
| Value Creation Index ⓘ | -0.3 | -0.4 | -0.3 | 0.3 | 3.6 | 5.2 | 5.3 | 7.0 | 7.5 | 8.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 47 | 47.5 | 203 | 91 | 90.5 | 136 | 187 | 242 | 311 | 376 | 394 |
| Sales YoY Gr. | - | 1% | 328% | -55.2% | -0.5% | 49.8% | 37.8% | 29.3% | 28.6% | 20.9% | - |
| Adj EPS ⓘ | -0.6 | 0.2 | 0 | 0.8 | 3.3 | 5 | 5.9 | 9.9 | 13 | 16.9 | 16.8 |
| YoY Gr. | - | NA | -81.8% | 1875% | 322.8% | 48.8% | 19.5% | 66.7% | 31.6% | 29.9% | - |
| BVPS (₹) ⓘ | 4.8 | 4.9 | 4.9 | 5.6 | 7.8 | 7.9 | 10.6 | 14 | 16.4 | 20.3 | 23.8 |
| Adj Net Profit ⓘ | -8.8 | 3.1 | 0.5 | 11.3 | 43.4 | 64.4 | 76.3 | 127 | 167 | 216 | 215 |
| Cash Flow from Ops. ⓘ | 33.3 | 43.3 | 25 | 30.5 | 43.3 | 29.4 | 81.1 | 233 | 120 | 197 | - |
| Debt/CF from Ops. ⓘ | 1.9 | 0.8 | 0.3 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 26% | 32.9% | 26.2% | 20.9% | ||||
| Adj EPS ⓘ | NA | 38.4% | 41.8% | 29.9% | ||||
| BVPSⓘ | 17.5% | 21.1% | 24.3% | 24.1% | ||||
| Share Price | 60.2% | 42.1% | 31.8% | 14.1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -12.7 | 4.5 | 0.8 | 14.9 | 47.7 | 63.2 | 63.9 | 80.6 | 85.6 | 92.2 | 76.2 |
| Op. Profit Mgn % ⓘ | -7.2 | 20.2 | 3.1 | -2.2 | 60.9 | 63.6 | 54.6 | 65.6 | 66.5 | 73.4 | 69.3 |
| Net Profit Mgn % ⓘ | -18.6 | 6.6 | 0.3 | 12.4 | 47.9 | 47.5 | 40.8 | 52.6 | 53.6 | 57.6 | 54.5 |
| Debt to Equity ⓘ | 0.9 | 0.5 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 1,007 | 1,107 | 224 | 253 | 310 | 287 | 234 | 178 | 178 | 187 | 153 |
| Cash Conv. Cycle ⓘ | 730 | 530 | 79 | 67 | -6 | -2 | -14 | -44 | -39 | -41 | 106 |
Valuation of Tips Music - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47 | 47 | 203 | 91 | 91 | 136 | 187 | 242 | 311 | 376 |
| Operating Expenses ⓘ + | 50 | 38 | 197 | 93 | 35 | 49 | 85 | 83 | 104 | 100 |
| Operating Profit ⓘ | -3 | 10 | 6 | -2 | 55 | 86 | 102 | 158 | 207 | 276 |
| Operating Profit Margin (%) | -7.2% | 20.2% | 3.1% | -2.2% | 60.9% | 63.6% | 54.6% | 65.6% | 66.5% | 73.4% |
| Other Income ⓘ + | 19 | 2 | 4 | 18 | 5 | 3 | 5 | 14 | 19 | 19 |
| Interest ⓘ | 10 | 7 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 |
| Profit Before Tax ⓘ | 4 | 4 | 7 | 14 | 59 | 89 | 106 | 171 | 223 | 292 |
| Tax ⓘ | 1 | 1 | 4 | 3 | 16 | 24 | 29 | 43 | 57 | 75 |
| Profit After Tax | 3 | 3 | 3 | 11 | 43 | 65 | 77 | 127 | 167 | 217 |
| PAT Margin (%) | 6.3% | 6.6% | 1.4% | 12.5% | 48.0% | 47.6% | 41.0% | 52.6% | 53.6% | 57.7% |
| Adjusted EPS (₹) | 0.2 | 0.2 | 0.2 | 0.8 | 3.4 | 5.0 | 6.0 | 9.9 | 13.0 | 17.0 |
| Dividend Payout Ratio (%) | 48.10% | 45.80% | 50.30% | 18.90% | 6% | 4% | 8.40% | 60.60% | 53.70% | 76.70% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 68 | 70 | 71 | 80 | 101 | 102 | 136 | 179 | 210 | 260 | |
| Debt + | 49 | 19 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1 | 5 | 11 | 4 | 6 | 4 | 16 | 15 | 19 | 13 | |
| Others Liabilities ⓘ | 21 | 112 | 15 | 11 | 61 | 78 | 90 | 144 | 110 | 88 | |
| Total Liabilities ⓘ | 140 | 206 | 99 | 98 | 169 | 185 | 242 | 338 | 339 | 361 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 3 | 2 | 2 | 2 | 2 | 6 | 5 | 8 | 6 | 14 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | |
| Investments ⓘ | 0 | 0 | 0 | 6 | 18 | 5 | 13 | 91 | 95 | 150 | |
| Inventories | 75 | 57 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Receivables | 6 | 9 | 11 | 18 | 15 | 18 | 20 | 26 | 27 | 34 | |
| Cash Equivalents | 1 | 8 | 9 | 26 | 33 | 62 | 96 | 131 | 41 | 8 | |
| Others Assets ⓘ | 55 | 129 | 49 | 46 | 100 | 93 | 108 | 82 | 168 | 155 | |
| Total Assets ⓘ | 140 | 206 | 99 | 98 | 169 | 185 | 242 | 338 | 339 | 361 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 33 | 43 | 25 | 31 | 43 | 29 | 81 | 233 | 120 | 197 |
| Cash Flow From Investing Activity ⓘ + | 0 | 0 | 9 | -5 | -14 | -27 | -48 | -111 | 11 | -63 |
| Cash Flow From Financing Activity ⓘ + | -34 | -39 | -31 | -9 | -25 | -3 | -43 | -85 | -139 | -168 |
| Net Cash Flow ⓘ | -1 | 5 | 3 | 17 | 5 | -1 | -11 | 37 | -8 | -34 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.33 | 4.54 | 4.06 | 15.01 | 47.86 | 63.4 | 64.15 | 80.57 | 85.63 | 92.33 |
| ROCE (%) | 9.98 | 8.94 | 10.27 | 18.13 | 64.56 | 87.1 | 88.8 | 108.26 | 114.89 | 124.42 |
| Asset Turnover Ratio | 0.3 | 0.28 | 1.33 | 0.92 | 0.68 | 0.77 | 0.88 | 0.83 | 0.92 | 1.07 |
| PAT to CFO Conversion(x) | 11 | 14.33 | 8.33 | 2.82 | 1 | 0.45 | 1.05 | 1.83 | 0.72 | 0.91 |
| Working Capital Days | ||||||||||
| Receivable Days | 75.30 | 57.20 | 17.60 | 57.60 | 67 | 44.40 | 37.30 | 35.20 | 31.60 | 30.10 |
| Inventory Days | 696.40 | 508.70 | 77.30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Top 5 Mutual Funds Holding
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Announcements
Tips Music Ltd FAQs
The current trading price of Tips Music on 14-Aug-2026 16:59 is ₹670.2.
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 13-Aug-2026 the market cap of Tips Music stood at ₹8,567.9 Cr
The latest P/E ratio of Tips Music as of 13-Aug-2026 is 39.92.
The latest P/B ratio of Tips Music as of 13-Aug-2026 is 28.22.
The 52-week high of Tips Music is ₹740.5 and the 52-week low is ₹482.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tips Music is ₹394 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Tips Music Ltd is a good quality company.
The key valuation ratios of Tips Music Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Tips Music Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
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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