Tips Music Limited
NSE: TIPSMUSIC · Media & Entertainment · sector
₹716.90NSE close 2026-10-26
Key numbers
Market cap₹9,116 cr
Price₹716.90
52w high / low₹785 / ₹481
P/E40.3xSector median 42.5x
P/B28.1xSector median 1.0x
Book value₹25.5
Dividend yield1.83%Sector median 1.38%
ROE78.1%Sector median -0.9%
ROCE94.2%Sector median -2.1%
OPM68.2%Sector median -8.0%
Debt / equity0.00xSector median 0.03x
EV/EBITDA30.7xSector median 25.3x
Interest cover1,064.1x
Current ratio4.67x
Sales growth 3y+26.2%Sector median -4.3%
Profit growth 3y+41.5%Sector median +14.1%
PEG0.96x
Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 12 companies in Media & Entertainment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹158 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 1,064.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 8% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹716.90 on 2026-10-26: -8.7% from the 52-week high, +49.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹909.85 · low ₹489.35
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78 | 78 | 88 | 89 | 94 | 104 | 107 | 120 |
| EBITDA | 56 | 37 | 57 | 68 | 75 | 77 | 54 | 85 |
| OPM % | 71.6% | 47.5% | 64.2% | 76.0% | 79.0% | 74.0% | 50.3% | 70.5% |
| Other income | 4 | 5 | 6 | 5 | 5 | 4 | 6 | 4 |
| Net profit | 44 | 31 | 46 | 53 | 59 | 59 | 44 | 66 |
| EPS (₹) | 3.46 | 2.39 | 3.59 | 4.16 | 4.59 | 4.62 | 3.42 | 5.15 |
| Revenue YoY | +21.4% | +32.4% | +20.9% | +34.6% | ||||
| Profit YoY | +32.6% | +92.9% | -4.7% | +23.6% |
Standalone figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 136 | 187 | 242 | 311 | 376 | 425 |
| EBITDA | 86 | 102 | 158 | 207 | 276 | 290 |
| Net profit | 65 | 77 | 127 | 167 | 217 | 227 |
| EPS (₹) | 99.56 | 5.91 | 19.80 | 13.02 | 16.96 | 17.78 |
| Revenue growth | +37.8% | +29.3% | +28.6% | +20.9% | +27.4% | |
| Profit growth | +18.5% | +66.2% | +31.0% | +30.1% | +30.6% | |
| Dividend / share (₹) | 2.00 | 2.00 | 6.50 | 7.00 | 13.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +26.2% | +32.9% | +27.4% |
| Net profit | +41.5% | +37.9% | +30.6% |
| EPS | +42.1% | -23.7% | – |
| Share price | – | -1.7% (2y) | +43.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 136 | 180 | 210 | 260 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 110 | 222 | 137 | 158 |
| Total assets | – | 193 | 339 | 339 | 362 |
| Fixed assets | – | 5 | 8 | 6 | 14 |
| Capital work in progress | – | 0 | 0 | 1 | – |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 20 | 26 | 12 | 34 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 16 | 15 | 19 | 13 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 29 | 82 | 233 | 120 | 197 |
| Cash from investing | -27 | -49 | -111 | 11 | -63 |
| Cash from financing | -3 | -43 | -85 | -139 | -168 |
| Capex | 0 | 1 | 3 | 2 | 6 |
| Free cash flow | 29 | 82 | 230 | 119 | 191 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 56.2% | 70.8% | 79.5% | 83.4% |
| ROCE % | – | 77.8% | 95.2% | 106.7% | 112.4% |
| Debtor days | – | 40 | 40 | 14 | 33 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 31 | 22 | 23 | 13 |
| Cash conversion cycle (days) | – | 9 | 18 | -9 | 20 |
| Working capital days | – | 218 | 290 | 225 | 203 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 64.32% |
| FIIs | 7.86% |
| DIIs | 5.66% |
| of which Mutual funds | 4.33% |
| Public (non-institutions) | 22.16% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 64.15% | 64.15% | 64.15% | 64.15% | 64.15% | 64.15% | 64.15% | 64.32% |
| Promoter group | % |
|---|---|
| Kumar S Taurani | 15.84% |
| Ramesh S Taurani | 15.80% |
| Renu Kumar Taurani | 6.95% |
| Varsha R Taurani | 4.66% |
| Kunal Kumar Taurani | 4.66% |
| Jaya Ramesh Taurani | 3.88% |
| Sneha Ramesh Taurani | 3.88% |
| Raveena R Taurani | 3.88% |
| Girish Kumar Taurani | 2.70% |
| Krsna Girish Taurani | 1.98% |
| Shyam M Lakhani | 0.07% |
| Public holders above 1% | % |
|---|---|
| Uti-india Consumer Fund | 1.89% |
| TVF Fund Ltd | 1.19% |
| Avinash Parsram Wadhwa | 1.03% |
64,406 shareholders. Pledged: 0.00% of promoter shares.
Peers in Media & Entertainment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PFOCUS | ₹21,303 cr | 178.2x | 10.2x | 8.1% | 9.5% | 27.4% | +0.2% | – |
| SAREGAMA | ₹9,429 cr | 42.5x | 5.6x | 13.6% | 17.7% | 35.2% | +10.2% | 0.92% |
| TIPSMUSIC | ₹9,116 cr | 40.3x | 28.1x | 78.1% | 94.2% | 68.2% | +26.2% | 1.83% |
| NETWORK18 | ₹3,549 cr | – | 0.7x | -0.7% | -1.2% | 0.7% | -30.1% | – |
| BALAJITELE | ₹1,022 cr | – | 1.6x | -4.0% | -4.1% | -8.0% | -14.5% | – |
| ENIL | ₹406 cr | – | 0.5x | -1.1% | -2.1% | 6.5% | +8.7% | 2.35% |
| SHEMAROO | ₹291 cr | – | 1.1x | -48.6% | -37.6% | -36.7% | +1.6% | – |
| RADIOCITY | ₹180 cr | – | 0.4x | -8.9% | -7.4% | -21.5% | -4.3% | 0.00% |
| NEXTMEDIA | ₹22 cr | – | – | – | -18.3% | – | – | – |
| SHALPRO | ₹22 cr | – | 0.2x | -0.7% | -0.7% | -54.0% | -57.8% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-10-22 | Dividend | Interim Dividend - Rs 6.50 Per Share |
| 2026-01-23 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2025-10-20 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2025-08-05 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2025-01-28 | Dividend | Interim Dividend - Rs 3 Per Sh |
| 2024-10-24 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2024-08-01 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2024-07-19 | Other | Annual General Meeting |
| 2024-04-22 | Buyback | Buy Back |
| 2024-02-01 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2023-10-31 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2023-08-04 | Dividend | Interim Dividend - Re 1 Per Share |
| 2023-08-04 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2023-04-21 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2022-12-30 | Buyback | Buy Back |
| 2022-08-19 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2022-05-19 | Restructuring | Demerger |
| 2021-09-13 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2020-09-17 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2020-03-31 | Buyback | Buyback |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Information and communication (J3): Creation and acquisition of audio-visual music content and monetisation of the content library in India and overseas through licencing on various platforms
| Sector | Consumer Discretionary |
| Industry | Media & Entertainment |
| Sub-industry | Media & Entertainment |
| Symbol | TIPSMUSIC |
| BSE code | 532375 |
| ISIN | INE716B01029 |
| Face value | ₹1.0 |
| Incorporated | 1996-05-08 |
| Website | https://tips.in |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.