About
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 based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap8,306 Cr
P/E38.70
Div Yield2.00 %
Book Value₹20.30
52w High₹741.00
52w Low₹481.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 107.00 | 104.00 | 94.00 | 89.00 | 88.00 | 78.00 | 78.00 | 81.00 | 74.00 | 63.00 | 65.00 | 61.00 | 53.00 |
| Expenses | 53.00 | 27.00 | 20.00 | 21.00 | 32.00 | 41.00 | 22.00 | 21.00 | 20.00 | 33.00 | 21.00 | 11.00 | 18.00 |
| Operating Profit | 54.00 | 77.00 | 75.00 | 68.00 | 57.00 | 37.00 | 56.00 | 59.00 | 54.00 | 30.00 | 43.00 | 50.00 | 35.00 |
| OPM % | 50.00 | 74.00 | 79.00 | 76.00 | 64.00 | 48.00 | 72.00 | 74.00 | 74.00 | 48.00 | 67.00 | 82.00 | 67.00 |
| Other Income | 6.00 | 4.00 | 5.00 | 5.00 | 6.00 | 5.00 | 4.00 | 6.00 | 5.00 | 5.00 | 3.00 | 4.00 | 2.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 58.00 | 80.00 | 79.00 | 72.00 | 62.00 | 41.00 | 59.00 | 64.00 | 58.00 | 35.00 | 46.00 | 53.00 | 36.00 |
| Tax % | 25.00 | 26.00 | 25.00 | 26.00 | 26.00 | 26.00 | 25.00 | 25.00 | 25.00 | 26.00 | 25.00 | 25.00 | 25.00 |
| Net Profit | 44.00 | 59.00 | 59.00 | 53.00 | 46.00 | 31.00 | 44.00 | 48.00 | 44.00 | 26.00 | 35.00 | 40.00 | 27.00 |
| EPS in Rs | 3.42 | 4.62 | 4.59 | 4.16 | 3.59 | 2.39 | 3.46 | 3.77 | 3.41 | 2.01 | 2.70 | 3.09 | 2.11 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 376.00 | 311.00 | 242.00 | 187.00 | 136.00 | 91.00 | 91.00 | 203.00 | 47.00 | 47.00 | 68.00 | 102.00 |
| Expenses | 100.00 | 104.00 | 83.00 | 85.00 | 49.00 | 35.00 | 93.00 | 197.00 | 38.00 | 50.00 | 53.00 | 87.00 |
| Operating Profit | 276.00 | 207.00 | 158.00 | 102.00 | 86.00 | 55.00 | -2.00 | 6.00 | 10.00 | -3.00 | 15.00 | 15.00 |
| OPM % | 73.00 | 67.00 | 66.00 | 55.00 | 64.00 | 61.00 | -2.20 | 3.10 | 20.00 | -7.00 | 22.00 | 15.00 |
| Other Income | 19.00 | 19.00 | 14.00 | 5.00 | 3.00 | 5.00 | 18.00 | 4.00 | 2.00 | 19.00 | 3.00 | 1.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 7.00 | 10.00 | 13.00 | 12.00 |
| Depreciation | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 |
| Profit before tax | 292.00 | 223.00 | 171.00 | 106.00 | 89.00 | 59.00 | 14.00 | 7.00 | 4.00 | 4.00 | 4.00 | 3.00 |
| Tax % | 26.00 | 25.00 | 25.00 | 28.00 | 27.00 | 27.00 | 21.00 | 61.00 | 22.00 | 31.00 | 20.00 | 18.00 |
| Net Profit | 217.00 | 167.00 | 127.00 | 77.00 | 65.00 | 43.00 | 11.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| EPS in Rs | 16.96 | 13.03 | 9.90 | 5.96 | 4.98 | 3.35 | 0.79 | 0.20 | 0.22 | 0.21 | 0.20 | 0.18 |
| Dividend Payout % | 77.00 | 54.00 | 61.00 | 8.00 | 4.00 | 4.00 | 19.00 | 50.00 | 46.00 | 48.00 | 50.00 | 57.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 14.00 | 14.00 | 14.00 | 14.00 | 15.00 | 15.00 |
| Reserves | 247.00 | 197.00 | 167.00 | 123.00 | 89.00 | 88.00 | 66.00 | 56.00 | 55.00 | 54.00 | 55.00 | 55.00 |
| Borrowings | 5.00 | 3.00 | 5.00 | 4.00 | 0.00 | 0.00 | 2.00 | 8.00 | 36.00 | 64.00 | 89.00 | 106.00 |
| Other Liabilities | 97.00 | 126.00 | 154.00 | 53.00 | 44.00 | 49.00 | 8.00 | 15.00 | 97.00 | 3.00 | 15.00 | 4.00 |
| Total Liabilities | 362.00 | 339.00 | 339.00 | 193.00 | 147.00 | 150.00 | 90.00 | 95.00 | 202.00 | 135.00 | 174.00 | 180.00 |
| Fixed Assets | 14.00 | 7.00 | 8.00 | 5.00 | 7.00 | 15.00 | 15.00 | 15.00 | 23.00 | 25.00 | 26.00 | 28.00 |
| CWIP | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 150.00 | 95.00 | 91.00 | 13.00 | 5.00 | 18.00 | 6.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 198.00 | 237.00 | 240.00 | 174.00 | 135.00 | 117.00 | 70.00 | 79.00 | 179.00 | 111.00 | 148.00 | 153.00 |
| Total Assets | 362.00 | 339.00 | 339.00 | 193.00 | 147.00 | 150.00 | 90.00 | 95.00 | 202.00 | 135.00 | 174.00 | 180.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 197.00 | 120.00 | 233.00 | 81.00 | 29.00 | 43.00 | 31.00 | 25.00 | 43.00 | 33.00 | 30.00 | 37.00 |
| Cash from Investing Activity | -63.00 | 11.00 | -111.00 | -48.00 | -36.00 | -14.00 | -5.00 | 9.00 | 0.00 | 0.00 | 1.00 | 3.00 |
| Cash from Financing Activity | -168.00 | -139.00 | -85.00 | -43.00 | -3.00 | -25.00 | -9.00 | -31.00 | -39.00 | -34.00 | -40.00 | -42.00 |
| Net Cash Flow | -34.00 | -8.00 | 37.00 | -11.00 | -9.00 | 5.00 | 17.00 | 3.00 | 5.00 | -1.00 | -9.00 | -2.00 |
| Free Cash Flow | 191.00 | 119.00 | 230.00 | 80.00 | 29.00 | 43.00 | 30.00 | 34.00 | 43.00 | 33.00 | 30.00 | 36.00 |
| CFO/OP % | 98.00 | 87.00 | 175.00 | 110.00 | 59.00 | 102.00 | -1,707.00 | 451.00 | 449.00 | -898.00 | 209.00 | 235.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33.00 | 32.00 | 40.00 | 40.00 | 48.00 | 61.00 | 73.00 | 19.00 | 69.00 | 46.00 | 72.00 | 11.00 |
| Cash Conversion Cycle | 33.00 | 32.00 | 40.00 | 40.00 | 48.00 | 61.00 | 73.00 | 19.00 | 69.00 | 46.00 | 72.00 | 11.00 |
| Working Capital Days | 46.00 | 64.00 | -46.00 | 5.00 | 136.00 | 278.00 | 127.00 | 62.00 | 267.00 | 600.00 | 523.00 | 399.00 |
| ROCE % | 118.00 | 109.00 | 104.00 | 87.00 | 86.00 | 64.00 | 18.00 | 8.00 | 9.00 | 10.00 | 10.00 | 8.00 |
Corporate Actions
40 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 23 Jan 2026 | 23 Jan 2026 | — | 5.00 | |
| Dividend | 20 Oct 2025 | 21 Oct 2025 | — | 4.00 | |
| Dividend | 05 Aug 2025 | 05 Aug 2025 | — | 4.00 | |
| Dividend | 28 Jan 2025 | 28 Jan 2025 | — | 3.00 | |
| Dividend | 24 Oct 2024 | 24 Oct 2024 | — | 2.00 | |
| Dividend | 01 Aug 2024 | 01 Aug 2024 | — | 2.00 | |
| Other | 19 Jul 2024 | — | — | — | Annual General Meeting |
| Other | 22 Apr 2024 | 22 Apr 2024 | — | — | Buy Back of Shares |
| Other | 22 Apr 2024 | 22 Apr 2024 | — | — | Buy Back |
| Dividend | 01 Feb 2024 | 01 Feb 2024 | — | 3.00 | |
| Dividend | 31 Oct 2023 | 31 Oct 2023 | — | 2.00 | |
| Dividend | 04 Aug 2023 | — | — | 0.50 | NSE/BSE dividend mismatch: BSE/NSE=1.0; BSE/NSE=0.5 |
| Dividend | 04 Aug 2023 | 04 Aug 2023 | — | 1.00 | NSE/BSE dividend mismatch: BSE/NSE=1.0; BSE/NSE=0.5 |
| Split | 21 Apr 2023 | 21 Apr 2023 | 10:1 | — | |
| Other | 30 Dec 2022 | 30 Dec 2022 | — | — | Buy Back of Shares |
| Other | 30 Dec 2022 | 30 Dec 2022 | — | — | Buy Back |
| Dividend | 19 Aug 2022 | — | — | 2.00 | |
| Other | 19 May 2022 | 21 May 2022 | — | — | Spin Off |
| Other | 19 May 2022 | 21 May 2022 | — | — | Demerger |
| Dividend | 13 Sep 2021 | — | — | 2.00 | |
| Dividend | 17 Sep 2020 | — | — | 1.50 | |
| Other | 31 Mar 2020 | 03 Apr 2020 | — | — | Buy Back of Shares |
| Other | 31 Mar 2020 | 03 Apr 2020 | — | — | Buyback |
| Dividend | 13 Sep 2019 | — | — | 1.00 | |
| Dividend | 17 Sep 2018 | — | — | 1.00 | |
| Dividend | 05 Sep 2017 | — | — | 1.00 | |
| Dividend | 08 Sep 2016 | — | — | 1.00 | |
| Dividend | 06 Aug 2015 | — | — | 1.00 | |
| Dividend | 28 Jul 2014 | — | — | 1.00 | |
| Dividend | 20 Aug 2013 | — | — | 2.10 | |
| Dividend | 18 Jul 2012 | — | — | 2.00 | |
| Dividend | 21 Jul 2011 | — | — | 1.25 | |
| Dividend | 26 Jul 2010 | — | — | 1.25 | |
| Dividend | 25 Aug 2009 | — | — | 1.10 | |
| Dividend | 12 Sep 2008 | — | — | 2.00 | NSE/BSE dividend mismatch: NSE=0.2; BSE=2.0 |
| Dividend | 12 Sep 2008 | — | — | 0.20 | NSE/BSE dividend mismatch: NSE=0.2; BSE=2.0 |
| Other | 19 Sep 2007 | — | — | — | Agm |
| Other | 13 Jul 2006 | — | — | — | Agm |
| Other | 23 Sep 2005 | — | — | — | Agm |
| Dividend | 16 Aug 2001 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update14 Jan 2022 from care
-
Rating update19 May 2021 from care
-
Rating update4 Mar 2020 from care
-
Rating update30 Apr 2019 from crisil