On 6 Nov 2026, Tips Music was priced at ₹769.25, or 43.3× trailing earnings, against an industry P/E of 49.3×. Sales and net profit grew 26% and 41% a year over 3 years, with ROCE of 110% and ROE of 78%. It carries very little debt, and its dividend yield is 1.5%. It is a small-cap company with a market cap of ₹9,782 Cr, ranked 4th of 55 Entertainment companies by market cap; the shares rose 45% over the past year.
- ₹760.00
- ₹776.00
- ₹755.10
- ₹763.50
- 2 L
Health check
- ReturnsIn line
+45.1% over a year, better than 4 of 7 peers.
- Price tagIn line
P/E 43.3 vs industry 49.3.
- GrowthStrong
Sales +26.2%, profit +41.5% a year over 3 years.
- ProfitabilityStrong
ROCE 110.2% vs peer median 11.3%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹9,782 Cr
- Small cap
- P/E
- 43.3
- Industry 49.3
- Price to book
- 30.29
- Peers 6.52
- Dividend yield
- 1.49%
- ROE
- 78.1%
- Peers 9.4%
- ROCE
- 110.2%
- Peers 11.3%
- Debt to equity
- 0.01
- Debt ₹4.08 Cr
- EPS (TTM)
- ₹17.77
- Face value ₹1
- OPM (TTM)
- 68.2%
- Net margin 53.5%
- Sales growth
- +34.6%
- Latest quarter vs a year ago
- Profit growth
- +23.8%
- Latest quarter vs a year ago
- Price to sales
- 23.03
- EV/EBITDA 33.3
Strengths and risks
Strengths
- Return on equity of 78.1%.
- Return on capital employed of 110.2%.
- Practically debt-free.
- Quarterly profit up 23.8% on a year ago.
- Quarterly sales up 34.6% on a year ago.
About Tips Music
Tips Music Limited engages in the acquisition and exploitation of music rights in India and internationally. The company involved in the production and acquisition of audiovisual music content and monetisation of the content library digitally. It also provides live events and concerts services. The company was formerly known as Tips Industries Limited and changed its name to Tips Music Limited in September 2024. The company was founded in 1975 and is…
- Headquarters
- Mumbai
- Employees
- 69
- Sector
- Communication Services
- ISIN
- INE716B01029
- Website
- tips.in
Price range
- Avg volume (3M)
- 4.7 L
- 1-year return
- plus 45.1%
- From 52-week high
- minus 4.9%
Peers · Entertainment
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PFOCUSPrime Focus | 285.20 | minus 1.06% | 22,211 | 160.2 | 10.61 | 23.0% | 15.4% | 30.4% | −0.3% | 14.1% | 0.00% | plus 60.2% |
| PVRINOXPVR INOX | 1,565.60 | minus 1.00% | 15,050 | 35.8 | 2.08 | 7.1% | 6.0% | 33.2% | 20.9% | – | 0.00% | plus 36.1% |
| SAREGAMASaregama India | 619.65 | minus 1.96% | 11,895 | 49.3 | 6.52 | 16.0% | 13.9% | 35.5% | 10.6% | 3.8% | 0.73% | plus 39.7% |
| TIPSMUSICTips Music | 769.25 | plus 0.75% | 9,782 | 43.3 | 30.29 | 110.2% | 78.1% | 69.7% | 26.2% | 41.5% | 1.49% | plus 45.1% |
| JOJOJOJO | 109.80 | plus 0.14% | 7,572 | 163.9 | 20.64 | 15.5% | 11.6% | 46.5% | 525.5% | 694.1% | 0.01% | plus 159.8% |
| NETWORK18Network18 Media & Investments | 26.83 | minus 1.18% | 4,144 | – | 0.82 | 6.8% | −0.4% | 3.0% | −30.8% | – | 0.00% | minus 44.1% |
| IMAGICAAImagicaaworld Entertainment | 43.61 | plus 1.37% | 2,570 | 174.4 | 1.38 | 1.8% | 0.1% | 33.1% | 13.0% | −87.9% | 0.00% | minus 14.7% |
| MMWLMedia Matrix Worldwide | 19.36 | plus 4.99% | 2,193 | 242.0 | 30.39 | – | 9.4% | 1.6% | – | – | 0.00% | plus 87.1% |
| Median of 7 peers | – | −1.00% | 7,572 | 162.1 | 6.52 | 11.3% | 9.4% | 33.1% | 11.8% | 8.9% | 0.00% | 39.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 88.1 | – | 94.3 | 104 | 107 | 120 | |
| – | – | 19.8 | 27 | 53 | 35.4 | |
| – | 67.8 | 74.5 | 76.9 | 53.5 | 84.6 | |
| – | – | 79.0% | 74.0% | 50.3% | 70.5% | |
| – | – | 4.8 | 3.8 | 5.8 | 4.5 | |
| 0.1 | – | 0 | 0 | 0.1 | 0.1 | |
| – | 0.6 | 0.6 | 0.6 | 1 | 1 | |
| 61.5 | – | 78.6 | 80 | 58.3 | 88 | |
| 25.5% | – | 25.4% | 26.2% | 25.0% | 25.3% | |
| 45.8 | – | 58.7 | 59.1 | 43.7 | 65.7 | |
| 3.59 | – | 4.59 | 4.62 | 3.42 | 5.15 |
Profit & loss
- Sales CAGR 3Y
- +26.2%
- Profit CAGR 3Y
- +41.5%
- EPS CAGR 3Y
- +42.1%
- ROE
- 78.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 187 | 242 | 311 | 376 | |
| – | +29.3% | +28.6% | +20.9% | |
| 79.5 | 78.6 | 104 | 98.5 | |
| 107 | 163 | 207 | 277 | |
| 57.4% | 67.5% | 66.5% | 73.8% | |
| 49.6 | 9 | 11.8 | 9.9 | |
| 0.3 | 0.3 | 0.3 | 0.2 | |
| 1.3 | 2 | 2.2 | 2.5 | |
| −49.6 | 0.9 | 7.2 | 7.7 | |
| 106 | 171 | 223 | 292 | |
| 27.6% | 25.4% | 25.4% | 25.7% | |
| 76.5 | 127 | 167 | 217 | |
| – | +66.2% | +31.0% | +30.1% | |
| 5.91 | 9.90 | 13.02 | 16.96 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.8 | 12.8 | 12.8 | 12.8 | |
| 123 | 167 | 197 | 247 | |
| 3.8 | 5 | 3.5 | 5.1 | |
| 52.7 | 154 | 126 | 97 | |
| 193 | 339 | 339 | 362 | |
| 5 | 7.9 | 7 | 14.1 | |
| – | 0 | 0.7 | – | |
| 4 | 46.8 | 20 | 25.8 | |
| 109 | 222 | 244 | 236 | |
| 74.9 | 62 | 68 | 86.3 | |
| 193 | 339 | 339 | 362 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 81.1 | 233 | 120 | 197 | |
| −48.3 | −111 | 10.6 | −62.8 | |
| −43.5 | −84.8 | −139 | −168 | |
| −10.7 | 37.1 | −7.7 | −33.6 | |
| −0.7 | −2.8 | −1.5 | −6.4 | |
| 80.4 | 230 | 119 | 191 | |
| −2.6 | −83.5 | −89.5 | −166 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 7.1% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.