āagman

Not investment advice. Data and computed figures, for information only.

Tips Music Ltd

NSE: TIPSMUSIC
₹684.40
−₹33.85 (−4.71%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹8,092 Cr
CMP
₹684.40
52-wk High / Low
₹741 / 481
P/E
37.7
P/B
31.3
Book Value
₹20.3
Div Yield
2.04%
ROCE
118.0%
ROE
87.6%
Face Value
₹1
D/E
0.02

Price+24.7% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹88
√(22.5 × EPS × book value per share)
ROIC
76.8%
vs 6.8% sector median
Cash flow to profit
0.91
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−1,431
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
20.2%
ROE × earnings retention ratio
ROE stability
9.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.51DII +0.42
Latest quarter vs the previous one
Cash-accrual divergence
5.7%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 86% vs the 2022 sector median of 16%)
+Borrowings are down 94.4% since FY2016 (89 to 5)
+Price trades above its 200-day moving average (1.1x)
+Price is within 10% of its 52-week high (-7.6%)
+FII holding rose by 7.9pp over the last year
+PE of 37.7x is below the sector median of 39.4x
Watch-outs
−Promoter holding fell by 10.8pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Standalone basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5361656374817878888994104107
Expenses18112133202122413221202753
Operating Profit35504330545956375768757754
OPM %66.0%82.0%66.2%47.6%73.0%72.8%71.8%47.4%64.8%76.4%79.8%74.0%50.5%
Other Income2435564565546
Interest0000000000000
Depreciation1000111111111
Profit before tax36534635586459416272798058
Net Profit27403526444844314653595944
EPS (₹)2.113.092.702.013.413.773.462.393.594.164.594.623.42

Profit & Loss

As of 30 Jun 2026
Standalone · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1026847472039191136187242311376394
Expenses875350381979335498583104100121
Operating Profit1515−3106−25586102158207276273
OPM %14.7%22.1%−6.4%21.3%3.0%−2.2%60.4%63.2%54.5%65.3%66.6%73.4%69.3%
Other Income1319241853514191919
Interest1213107200000000
Depreciation2211111112223
Profit before tax34447145989106171223292289
Net Profit3333311436577127167217215
EPS (₹)0.180.200.210.220.200.793.354.985.969.9013.0316.9616.79

Balance Sheet

As of 30 Jun 2026
Standalone · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital151514141414131313131313—
Reserves5555545556668889123167197247—
Borrowings10689643682004535—
Other Liabilities41539715849445315412697—
Total Liabilities1801741352029590150147193339339362—
Fixed Assets28262523151515758714—
CWIP000000000010—
Investments000006185139195150—
Other Assets1531481111797970117135174240237198—
Total Assets1801741352029590150147193339339362—

Cash Flows

As of 31 Mar 2026
Standalone · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity373033432531432981233120197
Cash from Investing Activity31009−5−14−36−48−11111−63
Cash from Financing Activity−42−40−34−39−31−9−25−3−43−85−139−168
Net Cash Flow−2−9−153175−9−1137−8−34

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.010.010.09.08.018.064.086.087.0104.0109.0118.0
ROE %———————————87.6
EPS (₹)0.180.200.210.220.200.793.354.985.969.9013.0316.96
Book Value (₹)———————————20.3
Face Value (₹)———————————1
P/E———————————37.7
Div Yield %———————————2.04
NPM %2.94.24.56.11.410.144.846.840.149.650.654.9
OPM %15.022.0−7.020.03.1−2.261.064.055.066.067.073.0
D/E1.511.270.940.520.110.030.000.000.030.030.010.02
P/B———————————31.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+19.0%
5 years+33.0%
3 years+26.0%
TTM+21.0%
Compounded profit growth
10 years+52.0%
5 years+37.0%
3 years+39.0%
TTM+27.0%
Stock price CAGR
10 years+59.0%
5 years+39.0%
3 years+25.0%
Last year+16.0%
Return on equity
10 years58.0%
5 years78.0%
3 years83.0%
Last year88.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.82%74.82%74.82%74.82%74.82%74.98%74.98%75.00%63.86%64.15%64.15%64.15%
FIIs0.00%0.00%0.00%0.00%0.00%0.77%1.01%0.05%2.09%8.23%7.48%7.99%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.00%8.17%3.52%4.94%5.36%
Government0.00%0.00%0.05%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public25.18%25.18%25.13%25.18%25.18%24.25%23.98%24.95%25.88%24.10%23.42%22.49%
No. of shareholders5,1955,1954,8665,0774,6114,83919,69825,98257,20968,86962,10662,003
Change since Jun 2023 (pp)
Promoters −10.67FIIs +7.99DIIs +5.36Public −2.69

Documents

As of 11 Oct 2026
Announcements
Board Meeting Intimation for Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026 And Declaration Of First Interim Dividend, If Any, For The Financial Year 2026-2027Corporate Action-Updates on Buy backPost Buyback Public AnnouncementAnnouncement under Regulation 30 (LODR)-Post Buyback Public AnnouncementAnnouncement under Regulation 30 (LODR)-Closure of Buy Back
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingApr 2026TranscriptApr 2026RecordingApr 2026PPTApr 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025Recording

Corporate actions

As of 23 Jan 2026
23 Jan 2026DIVIDENDInterim Dividend - Rs 5 Per Share—
20 Oct 2025DIVIDENDInterim Dividend - Rs 4 Per Share—
5 Aug 2025DIVIDENDInterim Dividend - Rs 4 Per Share—
28 Jan 2025DIVIDENDInterim Dividend - Rs 3 Per Sh—
24 Oct 2024DIVIDENDInterim Dividend - Rs 2 Per Share—
1 Aug 2024DIVIDENDInterim Dividend - Rs 2 Per Share—
1 Feb 2024DIVIDENDInterim Dividend - Rs 3 Per Share—
31 Oct 2023DIVIDENDInterim Dividend - Rs 2 Per Share—
4 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Re 0.50 Per Share—
21 Apr 2023SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share10 : 1
19 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
19 May 2022DEMERGERDemerger—
13 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
17 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 1.50 Per Share—
13 Sep 2019DIVIDEND Annual General Meeting/Dividend - Re 1 Per Share—
17 Sep 2018DIVIDEND Annual General Meeting/Dividend- Re 1 Per Share—
5 Sep 2017DIVIDEND Annual General Meeting/Dividend - Re 1/- Per Share—
8 Sep 2016DIVIDEND Annual General Meeting/ Dividend - Re 1/- Per Share—
6 Aug 2015DIVIDENDAnnual General Meeting/Dividend - Re 1/- Per Share—
28 Jul 2014DIVIDENDAnnual General Meeting / Final Dividend - Re 1/- Per Share—
20 Aug 2013DIVIDENDAnnual General Meeting / Final Dividend Re 2.10/- Per Share—
18 Jul 2012DIVIDENDAnnual General Meeting And Dividend Rs.2/- Per Share—
21 Jul 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.25 Per Share—
26 Jul 2010DIVIDENDAnnual General Meeting And Dividend Rs.1.25 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman