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Swing Capital

Tips Music Ltd

NSE: TIPSMUSIC BSE: 532375

Tips Industries Limited, incorporated in 1996, is engaged in the business of Production and Distribution of motion Pictures and acquisition and exploitation of Music of Rights. The co is also a leading producer of Punjabi films in the country. [1][2]

₹639
52W: ₹481 — ₹718
PE 37.7 · Book ₹20.3 · +3048% vs book
Market Cap₹8,169 Cr
Stock P/E37.7Price to Earnings
ROCE122%Return on Capital
ROE92.3%Return on Equity
Div. Yield2.03%Face Value ₹1

Strengths

  • +Company is almost debt free.
  • +Company has delivered good profit growth of 38.1% CAGR over last 5 years
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 85.7%
  • +Company has been maintaining a healthy dividend payout of 63.6%
  • +Company's median sales growth is 24.7% of last 10 years

Weaknesses

  • −Stock is trading at 31.7 times its book value
  • −Promoter holding has decreased over last 3 years: -10.8%
  • −Working capital days have increased from 70.1 days to 192 days

Shareholding Pattern

Promoters64.15%
FIIs7.48%
DIIs4.94%
Public23.42%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters64.16%64.15%▼0.064.15%64.15%64.15%64.15%64.15%64.15%
FIIs2.39%4.84%▲2.47.42%▲2.68.23%▲0.88.11%▼0.18.16%▲0.17.34%▼0.87.48%▲0.1
DIIs6.72%5.02%▼1.74.27%▼0.83.52%▼0.74.08%▲0.65.03%▲1.04.97%▼0.14.94%▼0.0
Public26.74%25.98%▼0.824.15%▼1.824.1%▼0.023.66%▼0.422.66%▼1.023.54%▲0.923.42%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales656374817878888994104
Expenses21332021224132212027
Operating Profit43305459563757687577
OPM %67%48%74%74%72%48%64%76%79%74%
Net Profit35264448443146535959
EPS ₹2.72.013.413.773.462.393.594.164.594.62

AI Insights

Revenue Trend

Mar 2026 revenue at ₹376Cr, up 20.9% YoY. OPM at 73%.

Debt Position

Borrowings at ₹5Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.

Institutional Flow

DIIs: 4.94% (+4.94pp change). FIIs: 7.48% (+7.42pp change). Promoters hold 64.15%.

Margin & Efficiency

ROCE improving from 8% (Mar 2015) to 122% (Mar 2026). Working capital days: 192.

Valuation

PE 37.7x with 122% ROCE. Price is 3048% above book value of ₹20.3. Dividend yield: 2.03%.

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