Is Tips Music a good quality company?

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

Is Tips Music 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 .

What is Tips Music share price return in the past 10 years?

Tips Music Ltd share price has appreciated 65.8% annually (CAGR) over the past ten years.

Is Tips Music a good buy now?

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.

Tips Music Ltd - Stock Valuation and Financial Performance

Name: Tips Music
Brand: Tips Music

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

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Tips Music Share Price

₹681.50 1.25 0.18%
as on 20-Sep'24 16:01

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
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	-0.3	0.3	3.6	5.2	5.3	7.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	102	68.4	47	47.5	203	91	90.5	136	187	242	263
Sales YoY Gr.	-	-33.1%	-31.3%	1%	328%	-55.2%	-0.5%	49.8%	37.8%	29.3%	-
Adj EPS ⓘ	0.2	0.2	-0.6	0.2	0	0.8	3.3	5	5.9	9.9	11.2
YoY Gr.	-	11.1%	-405%	NA	-81.8%	1875%	322.8%	48.8%	19.5%	65.8%	-
BVPS (₹) ⓘ	4.6	4.6	4.8	4.9	4.9	5.6	7.8	7.9	10.6	14	17.4
Adj Net Profit ⓘ	2.8	3	-8.8	3.1	0.5	11.3	43.4	64.4	76.3	127	144
Cash Flow from Ops. ⓘ	36.6	30	33.3	43.3	25	30.5	43.3	29.4	81.1	233	-
Debt/CF from Ops. ⓘ	2.9	3	1.9	0.8	0.3	0.1	0	0	0	0	-

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%
BVPSⓘ	13.2%	23.1%	21.4%	31.9%
Share Price	65.8%	149.3%	77.3%	117.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	4	4.3	-12.7	4.5	0.8	14.9	47.7	63.2	63.9	80.2	71.6
Op. Profit Mgn % ⓘ	14.4	21.9	-7.2	20.2	3.1	-2.2	60.9	63.6	54.6	65.6	67.6
Net Profit Mgn % ⓘ	2.7	4.4	-18.6	6.6	0.3	12.4	47.9	47.5	40.8	52.4	54.7
Debt to Equity ⓘ	1.5	1.3	0.9	0.5	0.1	0	0	0	0	0	-
Working Cap Days ⓘ	605	766	1,007	1,107	224	253	310	287	234	248	172
Cash Conv. Cycle ⓘ	434	547	730	530	79	67	-6	-2	-14	-45	130

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 71.50%

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

Sales growth is good in last 4 quarters at 28.02%

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Latest Financials - Tips Music Ltd.

	Standalone	Consolidated
TTM EPS (₹)	11.2	-0.7
TTM Sales (₹ Cr.)	263	33.1
BVPS (₹.) ⓘ	17.4	0
Reserves (₹ Cr.) ⓘ	210	50
P/BV ⓘ	39.07	0.00
PE ⓘ	60.66	0.00

From the Market
52 Week Low / High (₹)	284.90 / 785.15
All Time Low / High (₹)	1.81 / 785.15
Market Cap (₹ Cr.)	8,712
Equity (₹ Cr.)	12.8
Face Value (₹)	1
Industry PE ⓘ	43.9

Management X-Ray of Tips Music:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Tips Music

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Tips Music

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	102	68	47	47	203	91	91	136	187	242
Operating Expenses ⓘ	88	53	50	38	197	93	35	49	85	83
Manufacturing Costs	69	23	31	20	170	40	10	25	53	48
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	6	6	7	7	7	7	8	6	7	11
Other Costs ⓘ	13	25	13	11	20	46	17	19	25	24
Operating Profit ⓘ	15	15	-3	10	6	-2	55	86	102	158
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 ⓘ	2	3	19	2	4	18	5	3	5	14
Interest ⓘ	12	13	10	7	2	0	0	0	0	0
Depreciation ⓘ	2	2	1	1	1	1	1	1	1	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	3	4	4	4	7	14	59	89	106	171
Tax ⓘ	1	1	1	1	4	3	16	24	29	43
Profit After Tax	3	3	3	3	3	11	43	65	77	127
PAT Margin (%)	2.6%	4.4%	6.3%	6.6%	1.4%	12.5%	48.0%	47.6%	41.0%	52.6%
Adjusted EPS (₹)	0.2	0.2	0.2	0.2	0.2	0.8	3.4	5.0	6.0	9.9
Dividend Payout Ratio (%)	57%	50%	48%	46%	50%	19%	6%	4%	8%	61%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	70	70	68	70	71	80	101	102	136	179
Share Capital ⓘ	15	15	14	14	14	14	13	13	13	13
Reserves ⓘ	55	55	54	55	56	66	88	89	123	167
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	90	67	49	19	2	2	0	0	0	0
Long Term Debt	90	65	49	14	2	2	0	0	0	0
Short Term Debt	1	2	0	5	0	0	0	0	0	0
Trade Payables	1	8	1	5	11	4	6	4	16	15
Others Liabilities ⓘ	19	29	21	112	15	11	61	78	90	237
Total Liabilities ⓘ	180	174	140	206	99	98	169	185	242	431
Fixed Assets
Gross Block	38	38	10	10	10	11	11	13	13	17
Accumulated Depreciation	10	12	7	8	8	9	9	7	8	9
Net Fixed Assetsⓘ	28	26	3	2	2	2	2	6	5	8
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0	0	0	6	18	5	13	91
Inventories	98	105	75	57	29	0	0	0	0	0
Trade Receivables	3	14	6	9	11	18	15	18	20	26
Cash Equivalents	11	2	1	8	9	26	33	62	96	131
Others Assetsⓘ	41	28	55	129	49	46	100	93	108	175
Total Assets ⓘ	180	174	140	206	99	98	169	185	242	431

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	37	30	33	43	25	31	43	29	81	233
PBT ⓘ	3	4	4	4	7	14	59	89	106	171
Adjustment ⓘ	12	14	12	8	2	14	0	-1	-3	-6
Changes in Working Capital ⓘ	20	13	14	31	19	6	-3	-36	9	113
Tax Paid ⓘ	1	-1	3	0	-3	-4	-13	-22	-31	-44
Cash Flow From Investing Activity ⓘ	3	1	0	0	9	-5	-14	-27	-48	-111
Capex	0	0	0	0	10	-1	-1	0	-1	-3
Net Investments	0	0	0	0	0	-5	-14	-25	-52	-117
Others ⓘ	4	1	0	0	-1	1	1	-1	4	9
Cash Flow From Financing Activityⓘ	-42	-40	-34	-39	-31	-9	-25	-3	-43	-85
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	29	-25	-16	-35	-22	-7	-2	0	0	0
Interest Paid ⓘ	-12	-13	-10	-7	-2	0	0	0	0	0
Dividend Paid ⓘ	-2	-2	-2	-2	-2	-2	-2	-3	-3	-83
Others ⓘ	-58	-1	-7	5	-5	0	-21	0	-41	-1
Net Cash Flow ⓘ	-2	-9	-1	5	3	17	5	-1	-11	37

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	3.86	4.33	4.33	4.54	4.06	15.01	47.86	63.4	64.15	80.57
ROCE (%)	7.85	9.8	9.98	8.94	10.27	18.13	64.56	87.1	88.8	108.26
Asset Turnover Ratio	0.49	0.39	0.3	0.28	1.33	0.92	0.68	0.77	0.88	0.72
PAT to CFO Conversion(x)	12.33	10	11	14.33	8.33	2.82	1	0.45	1.05	1.83
Working Capital Days
Receivable Days	15	45	75	57	18	58	67	44	37	35
Inventory Days	441	539	696	509	77	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0

Tips Music Ltd Stock News

Tips Music Ltd FAQs

What is the share price of Tips Music?

Company share prices are keep on changing according to the market conditions. The closing price of Tips Music on 20-Sep-2024 16:01 is ₹681.5.

What is the market cap of Tips Music?

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 20-Sep-2024 16:01 the market cap of Tips Music stood at ₹8,711.7.

What is the P/E ratio of Tips Music?

The latest P/E ratio of Tips Music as of 20-Sep-2024 16:01 is 60.66.

What is the P/B ratio of Tips Music?

The latest P/B ratio of Tips Music as of 20-Sep-2024 16:01 is 39.07.

What is the 52-week high and low of Tips Music?

The 52-week high of Tips Music is ₹785.1 and the 52-week low is ₹284.9.

What is the TTM revenue of Tips Music?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tips Music is ₹262.9 ( 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.