Tips Music Limited (TIPSMUSIC)

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Tips Music Limited (TIPSMUSIC) · mywealthgrid

About

Tips Music Limited is a media and entertainment company operating in music within the Consumer Discretionary sector. With a market cap of ₹8,574.1 Cr, it generated ₹106.51 Cr in revenue in the June 2026 quarter, maintaining 73.44% operating margins and 92.33% ROE with zero debt.

Face value: ₹1

Market cap

₹8,233 Cr

P/E

38.4×

P/B

31.7×

Dividend yield

2.5%

ROE

92.3%

ROCE

118%

Debt / equity

OPM

73.4%

EPS (TTM)

₹16.8

Book value

₹20.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation: PE of 39.95 is elevated. Verify whether current growth pace can sustain this multiple and what is priced into the stock.
Earnings volatility: Net profit ranged from ₹30.61 Cr (Mar 2025) to ₹59.06 Cr (Mar 2026), and operating margins from 47.5% to 79.03%, despite steady revenue growth. Identify drivers of profit swings.
Sector cyclicality: Entertainment spending is discretionary and subject to consumer sentiment shifts. Verify revenue stability across economic cycles.
Concentration risk: Verify dependence on hit content, music licensing availability, and competitive position against global platforms and piracy.

Generated analysis · source review pending

Growth drivers

Revenue grew 37% from ₹77.67 Cr (Dec 2024) to ₹106.51 Cr (Jun 2026); verify sustainability of this trajectory and its sources.
Net profit increased 92% from ₹30.61 Cr (Mar 2025) to ₹59.06 Cr (Mar 2026), enabling regular dividend payments; verify whether momentum continues.
Operating margins of 73.44% indicate substantial cash generation from operations; verify how this is deployed—reinvestment, dividends, or acquisitions.
Regular dividend payments through Oct 2025 with zero debt demonstrate cash generation; verify free cash flow and reinvestment capacity for organic growth.

Generated analysis · source review pending

848 historical price candles were omitted because the exchange source has not been verified.

₹644.2-0.5%1Y

Quick read

rule-based

Pros

+Strong return on equity of 86.2% (3-yr avg)
+High return on capital employed of 98.9%
+Healthy operating margin of 73.4%
+Profit CAGR of 37.9% over the last 5 years
+Revenue CAGR of 32.9% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 1460.4×
+Dividend payout of 95.3% of profit
+High promoter holding of 64.2% with no pledge

Cons

−Trading at 31.7× book value

Research score

Structured signal from quality, growth, valuation and momentum.

64/100

Business quality

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET NIFTY MEDIA

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Prime Focus LimitedPFOCUSPFOCUS	₹23,400 Cr	₹28,341 Cr	₹4,919 Cr	₹1,438 Cr	30.4%	₹116 Cr	6.5%	25.2%	15.4%	-5
Saregama India LimitedSAREGAMASAREGAMA	₹9,539 Cr	₹9,609 Cr	₹1,041 Cr	₹375 Cr	34.2%	₹222 Cr	20.9%	17.1%	12.6%	114
Tips Music LimitedTIPSMUSICTIPSMUSIC	₹8,233 Cr	₹8,233 Cr	₹394 Cr	₹273 Cr	73.4%	₹215 Cr	57.7%	118%	92.3%	-15
Network18 Media & Investments LimitedNETWORK18NETWORK18	₹3,921 Cr	₹7,034 Cr	₹2,169 Cr	₹47 Cr	2.1%	₹-35 Cr	7.3%	-1.2%	3.2%	59
Balaji Telefilms LimitedBALAJITELEBALAJITELE	₹1,098 Cr	₹1,111 Cr	₹378 Cr	₹-30 Cr	-31.2%	₹-21 Cr	-23.6%	-9.7%	-7.7%	306
Entertainment Network (India) LimitedENILENIL	₹445 Cr	₹445 Cr	₹562 Cr	₹46 Cr	8%	₹-8 Cr	-1.3%	-0.8%	-1%	-7
Shemaroo Entertainment LimitedSHEMAROOSHEMAROO	₹331 Cr	₹630 Cr	₹575 Cr	₹-211 Cr	-45.4%	₹-180 Cr	-37.4%	-69.9%	-58.8%	181
Music Broadcast LimitedRADIOCITYRADIOCITY	₹203 Cr	₹203 Cr	₹170 Cr	₹-36 Cr	-25.5%	₹-42 Cr	-30.6%	-9.1%	-11.3%	84
Starbeam Ventures LtdSTARBEAMSTARBEAM	₹59 Cr	₹66 Cr	₹12 Cr	₹8 Cr	68.7%	₹2 Cr	15.4%	3.8%	2.4%	-489
Next Mediaworks LimitedNEXTMEDIANEXTMEDIA	₹24 Cr	₹58 Cr	₹30 Cr	₹-3 Cr	-8.3%	₹64 Cr	177.6%	-12.5%	—	-1
Shalimar Productions LtdSHALPROSHALPRO	₹24 Cr	₹26 Cr	₹3 Cr	₹-0 Cr	-612.5%	₹-1 Cr	-743.8%	-1.2%	-1.2%	54,142
Radaan Mediaworks India LimitedRADAANRADAAN	₹16 Cr	₹31 Cr	₹7 Cr	₹-3 Cr	-76.9%	₹-4 Cr	-88.7%	—	—	-9

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	68	12	12	203	91	91	136	187	242	311	376
	55	5	5	197	93	35	49	85	83	104	100
	13	8	8	6	-2	55	86	102	158	207	276
OPM %	19.5%	63%	63%	3.1%	-2.2%	60.9%	63.6%	54.6%	65.6%	66.5%	73.4%
Depreciation	—	17	17	1	1	1	1	1	2	2	3
Interest	13	2	2	2	0	0	0	0	0	0	0
	3	12	12	4	18	5	3	5	14	19	19
Profit before tax	4	1	1	7	14	59	89	106	171	223	292
Tax	—	0	0	4	3	16	24	29	43	57	75
Tax %	—	23.2%	23.2%	60.9%	21%	26.6%	27.2%	27.6%	25.4%	25.4%	25.7%
	3	1	1	3	11	43	65	77	127	167	217
PAT margin %	4.4%	4.3%	4.3%	1.4%	12.5%	48%	47.6%	41%	52.6%	53.6%	57.7%
EPS (₹)	2	0.7	0.7	4	15.8	65.4	99.6	5.9	19.8	13	17
EPS adjusted (₹)	—	0	0	0.2	0.8	3.4	5	6	9.9	13	17
	50.5%	135.1%	135.1%	25.1%	9.5%	3.1%	2%	8.5%	30.3%	53.8%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	15	14	14	14	13	13	13	13	13	13
Reserves	56	55	56	66	—	89	123	167	197	247
	67	19	2	2	—	0	0	0	0	0
	36	114	22	8	—	44	57	159	130	102
Total equity & liabilities	174	202	95	90	—	147	193	339	339	362
	4	2	2	2	2	6	5	8	6	14
CWIP	—	—	—	—	—	—	0	0	1	—
Investments	0	0	0	6	—	6	13	91	96	150
	170	201	92	83	—	135	174	240	237	198
Total assets	174	202	95	90	—	147	193	339	339	362

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2021 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Audio Product Sale/ Income	90.53	72.86	—	41.28
Film Distribution /Production Income	0	-3.72	—	5.35

SegmentFigure

Audio Product Sale/ Income · revenue

₹ crore by fiscal year

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	3.1%	-2.2%	60.9%	63.6%	54.6%	65.6%	66.5%	73.4%
EBIT margin %	2.5%	-3.5%	60%	63%	53.8%	64.8%	65.8%	72.8%
PAT margin %	1.4%	12.5%	48%	47.6%	41%	52.6%	53.6%	57.7%
Working capital
Receivable days	19	73	—	48	40	40	14	33
Inventory days	53	—	—	0	0	0	0	0
Payable days	21	17	—	31	69	64	68	48
NWC days	51	—	—	17	-29	-25	-54	-15
Leverage
Current ratio	3.37	12.77	—	11.74	3.09	3.3	2.75	3.15
Debt to EBITDA	0.32	—	—	0	0	0	0	0
Debt to equity	0.03	0.02	—	0	0	0	0	0
Interest coverage	4.3	52.3	2,962	1,267	365.3	488.2	744.9	1,460.4
Asset turnover	2.15	1.01	—	0.92	0.97	0.71	0.92	1.04
Return ratios
Return on assets %	3%	12.6%	—	44%	39.7%	37.5%	49.1%	59.9%
Return on capital employed %	11.8%	18.1%	—	65.3%	77%	86.5%	92.1%	118%
Return on equity %	4%	14.1%	—	63%	56.2%	70.8%	79.5%	83.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75%	68.92%	63.86%	64.16%	64.15%	64.15%	64.15%	64.15%	64.15%	64.15%	64.15%	64.15%
	0.42%	0.85%	2.09%	2.39%	4.84%	7.43%	8.22%	8.11%	8.16%	7.35%	7.48%	7.99%
	0.57%	0.92%	8.17%	6.71%	5.03%	4.27%	3.52%	4.07%	5.02%	4.98%	4.94%	5.36%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.01%	29.31%	25.88%	26.74%	25.98%	24.15%	24.11%	23.67%	22.67%	23.52%	23.43%	22.5%
No. of shareholders	—	—	—	—	—	—	—	—	69,564	64,762	62,106	62,003

Promoter holding down 10.85 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Shyam LakhaniPromoters	BuyMarket Purchase	25,000	₹1.45 cr	0.00% → 0.02%	2 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

13 deals · 20 Dec 2023 – 29 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 Jan 2024	SBI MUTUAL FUND	Bulk	BSE	Buy	64,25,721	₹380.00	₹244.18 Cr
29 Jan 2024	RAMESH SADHURAM TAURANI	Bulk	BSE	Sell	24,50,000	₹380.00	₹93.10 Cr
29 Jan 2024	KUMAR SADHURAM TAURANI	Bulk	BSE	Sell	24,50,000	₹380.26	₹93.16 Cr
29 Jan 2024	VARSHA RAMESH TAURANI	Bulk	BSE	Sell	8,00,000	₹380.00	₹30.40 Cr
29 Jan 2024	RENU KUMAR TAURANI	Bulk	BSE	Sell	8,00,000	₹380.00	₹30.40 Cr
20 Dec 2023	RAMESH SADHURAM TAURANI	Bulk	BSE	Sell	34,00,000	₹342.91	₹116.59 Cr
20 Dec 2023	KUMAR SADHURAM TAURANI	Bulk	BSE	Sell	34,00,000	₹346.44	₹117.79 Cr
20 Dec 2023	F3 ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	14,14,822	₹345.78	₹48.92 Cr
20 Dec 2023	MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	7,33,809	₹346.21	₹25.41 Cr
20 Dec 2023	SAHASTRAA ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	6,60,000	₹344.79	₹22.76 Cr

1–10 of 13

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Kumar S TauraniExecutive Director-Chairperson-MD
Sushant DalmiaChief Financial Officer
Mr. Ramesh S TauraniExecutive Director
Mr. Girish Kumar TauraniExecutive Director
Ms. Tara SubramaniamNon-Executive - Independent Director
Mr. Rajan SinghNon-Executive - Independent Director
Mr. Chandrashekar PonnuswamyNon-Executive - Independent Director
Ms. Bijal PatelCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 5 fund houses

Held by these funds

1.29%

of the company's equity

All mutual funds

4.25%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

16 schemes · 5 fund houses

		Shares
Multi Cap FUND	Bank of India Mutual Fund	5.18 L	33.35	2.5%	0.405%	-0
Small Cap FundNEW	Helios Mutual Fund	3.89 L	25.07	1.44%	0.305%	—
Large & Mid Cap Fund	Bank of India Mutual Fund	1.82 L	11.69	2.21%	0.142%	-0
Consumption Fund	Bank of India Mutual Fund	1.61 L	10.4	2.81%	0.126%	-0
Mid Cap FundNEW	Helios Mutual Fund	1.57 L	10.12	0.45%	0.123%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.2 L	7.7	0.31%	0.094%	-2,618
IB60-Groww Small Cap Fund	Groww Mutual Fund	84,167	5.42	0.71%	0.066%	+50,463
Flexi Cap Fund	Shriram Mutual Fund	12,090	0.78	0.58%	0.009%	-0

1–8 of 16

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPT REC
Apr 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

22 announcementsExport CSV

1 Oct 2026, 1:19 pmCompany Update

Post Buyback Public Announcement

General PDF

1 Oct 2026, 12:11 pmCompany Update

Announcement under Regulation 30 (LODR)-Post Buyback Public Announcement

Post Buyback Public Announcement PDF

30 Sept 2026, 5:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Closure of Buy Back

Closure of Buy Back PDF

30 Sept 2026, 5:05 pmCorp. Action

Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares

Daily Buy Back of equity shares PDF

30 Sept 2026, 3:07 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

29 Sept 2026, 3:59 pmCorp. Action

Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares

Daily Buy Back of equity shares PDF

28 Sept 2026, 3:48 pmCorp. Action

Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares

Daily Buy Back of equity shares PDF

22 Sept 2026, 4:39 pmCorp. Action

Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares

Daily Buy Back of equity shares PDF

Date	Category	Subject	Filing
1 Oct 2026, 1:19 pm	Company Update General	Post Buyback Public Announcement	PDF
1 Oct 2026, 12:11 pm	Company Update Post Buyback Public Announcement	Announcement under Regulation 30 (LODR)-Post Buyback Public Announcement

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	3.1%	-2.2%	60.9%	63.6%	54.6%	65.6%	66.5%	73.4%
EBIT margin %	2.5%	-3.5%	60%	63%	53.8%	64.8%	65.8%	72.8%
PAT margin %	1.4%	12.5%	48%	47.6%	41%	52.6%	53.6%	57.7%
Working capital
Receivable days	19	73	—	48	40	40	14	33
Inventory days	53	—	—	0	0	0	0	0
Payable days	21	17	—	31	69	64	68	48
NWC days	51	—	—	17	-29	-25	-54	-15
Leverage
Current ratio	3.37	12.77	—	11.74	3.09	3.3	2.75	3.15
Debt to EBITDA	0.32	—	—	0	0	0	0	0
Debt to equity	0.03	0.02	—	0	0	0	0	0
Interest coverage	4.3	52.3	2,962	1,267	365.3	488.2	744.9	1,460.4
Asset turnover	2.15	1.01	—	0.92	0.97	0.71	0.92	1.04
Return ratios
Return on assets %	3%	12.6%	—	44%	39.7%	37.5%	49.1%	59.9%
Return on capital employed %	11.8%	18.1%	—	65.3%	77%	86.5%	92.1%	118%
Return on equity %	4%	14.1%	—	63%	56.2%	70.8%	79.5%	83.4%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	30	33	43	25	31	41	29	82	233	120	197
	1	0	0	9	-5	-12	-27	-49	-111	11	-63
	-40	-34	-39	-31	-9	-25	-3	-43	-85	-139	-168
Net cash flow	-9	-1	5	3	17	5	-1	-11	37	-8	-34
Free cash flow	30	33	43	24	30	40	29	82	230	119	191
CFO / Operating profit %	224.9%	426.2%	553.7%	396.5%	—	74.8%	34%	80.7%	147%	58.2%	71.4%

Tips Music Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Audio Product Sale/ Income · revenue

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Not in the F&O segment

25

1

1

Announcements

Annual reports

Investor Presentation and earnings call

Segment results

Audio Product Sale/ Income · revenue

Compounded sales growth

Compounded profit growth

Return on equity

Tips Music Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Audio Product Sale/ Income · revenue

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Not in the F&O segment

Dividends25

Board meetings1

Stock splits1

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Audio Product Sale/ Income · revenue

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

25

1

1