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Tips Music share price & results

Tips Music· Media, Entertainment & Publication· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Leading Indian music label creating, acquiring and licensing a 34,000+ song catalogue across digital media.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue120 ₹ crore+34.8% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin71.0 %−5.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit66.0 ₹ crore+24.5% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity70.15 %+6.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin50.80 %+12.9 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)27.63 %−7.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

3 of 4 judged targets kept · 13 open · verdicts reflect calls analysed to Q2 FY27.

Tips Music management guidance track record on Inve: 17 targets tracked across analysed earnings calls (3 achieved, 1 missed, 13 open).

TargetOriginal wordingSaidLatest callVerdict
FY26 Revenue Growth30%
Call transcript, Q4 FY25 · 24 Apr 2025		Q4 FY25Q2 FY27:Historical promise, not mentioned.
Call transcript, Q2 FY27 · 15 Oct 2026		Achieved
FY26 Content Investment % of Revenue25% to 28% of revenue
Call transcript, Q4 FY25 · 24 Apr 2025		Q4 FY25Q2 FY27:Historical promise, not mentioned.
Call transcript, Q2 FY27 · 15 Oct 2026		Missed
YouTube Shorts Deal StructureMove from fixed-fee to revenue-sharing model
Call transcript, Q2 FY26 · 15 Oct 2025		Q2 FY26Q2 FY27:The deal is still under negotiation and not concluded. Management now expects most of it to be completed in Q3 FY27.
Call transcript, Q2 FY27 · 15 Oct 2026		Delayed

Source: Inve Guidance Tracker for Tips Music · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Tips Music's 17 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

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Price

₹741.6 +3.45% · +₹24.7

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +40.4% 1Y

₹500₹600₹700Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 19 Jan 2026Q4 FY26 — 23 Apr 2026Q1 FY27 — 22 Jul 2026Q2 FY27 — 15 Oct 2026

1Y: ₹528.1 on 24 Oct 2025 → ₹741.6. High ₹771.7 (19 Oct 2026), low ₹484.4 (10 Nov 2025).

Previous close
₹716.9
Market cap
₹9.6k Cr
52-week range
₹484.4 – ₹771.7
One year
+38.49%
Price to earnings (TTM to Sept 2026)
42.04×
Return on equity (TTM to Sept 2026)
70.15%

Overview

Symbol
NSE:TIPSMUSIC
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Tips Music does

Based on the company's own presentations, annual report and earnings calls.

Tips Music Limited is one of India's leading music labels, engaged in the creation and acquisition of audio-visual music content (film and non-film songs) and the monetisation of its content library through licensing to digital platforms, content broadcasters and via synchronisation deals, in India and overseas. Revenue is earned by licensing its evergreen catalogue and new music releases across streaming platforms, YouTube, and other media, supplemented by public-performance and synchronisation rights. The company builds its catalogue through in-house Artist & Repertoire (A&R) content creation as well as acquisitions of music rights/channels (e.g. a regional-language music channel acquired in FY26).

Music catalogue size
34,000+ songs across genres, languages and decades
Language coverage
25+ languages
YouTube subscriber base
153.1 million subscribers
Annual YouTube views (FY26)
210.4 billion
New songs added to catalogue (FY26)
896
Employees (FY2026)
98
Founded 1988Headquarters Mumbai, Maharashtra, IndiaEmployees 98 (FY2026) Company website

How the price took the results

close before → close after

Q2 FY27
−4.7%
15 Oct
Q1 FY27
−12.5%
22 Jul
Q4 FY26
+8.0%
23 Apr
Q3 FY26
−1.9%
19 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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