TIPSMUSIC

Tips Music share price & financials

Price
₹653
Market cap
₹8.8k Cr
Sector
Media, Entertainment & Publication
Calls analysed
6
Latest concall · Q1 FY27 · call held 22 Jul 2026

Tips Music Q1 FY27

Revenue ₹106.51 cr +21%PAT ₹43.89 cr −4%

What went well

  • Revenue for Q1 FY27 stood at INR106.51 crores, reflecting a 21% Y-o-Y growth.
  • Cumulative YouTube subscriber base increased to 158.3 million, reflecting sustained audience engagement.
  • Paid subscribers are growing at a CAGR of 40% to 50%, indicating strong digital adoption.

What to watch

  • Profit after tax (PAT) amounted to INR43.89 crores, reporting a 4% degrowth compared to Q1 FY26.
  • Content costs increased by 90% Y-o-Y in Q1 FY27, driven by new releases, which were fully expensed in the quarter.
Read the full call →

What Tips Music does

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

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 3 delivered 1 missed 10 open
  • FY27 PAT Growth at risk said Q3 FY26 Promised: 20% Q1 FY27: We continue to maintain a 20% PAT guidance, however PAT for Q1 FY27 degrew by 4% YoY due to high content costs.
  • FY26 Revenue Growth delivered said Q4 FY25 Promised: 30% Q4 FY26: Achieved 21% YoY growth for FY26, beating the revised 20% target.
  • FY26 Content Investment % of Revenue missed said Q4 FY25 Promised: 25% to 28% of revenue Q4 FY26: Actual content cost was 15.8% of revenue, below all guided ranges, due to a movie postponement.

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 21.6%, net profit down 4.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue81 78 78 88 89 +10%94 +21%104 +33%107 +22%
EBITDA59 56 37 57 68 +15%75 +34%77 +108%54 −5%
Net profit48 44 31 46 53 +10%59 +34%59 +90%44 −4%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +10.1% 1Y

₹500₹550₹600₹650₹700Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 15 Oct 2025Q3 FY26 — 19 Jan 2026Q4 FY26 — 23 Apr 2026Q1 FY27 — 22 Jul 2026

1Y: ₹600.75 on 10 Sept 2025 → ₹661.55. High ₹713.75 (13 Jul 2026), low ₹484.4 (10 Nov 2025).

How the price took the results

close before → close after

Q1 FY27
−12.5%
22 Jul
Q4 FY26
+8.0%
23 Apr
Q3 FY26
−1.9%
19 Jan
Q2 FY26
−5.2%
15 Oct

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.

Financials, as filed

Revenue grew 26.1% a year over 3 years, FY23 to FY26. Operating margin widened to 73.9%.

Year endingFY23FY24FY25FY26
Revenue₹187 Cr₹242 Cr₹311 Cr₹375 Cr
Operating profit₹101 Cr₹158 Cr₹206 Cr₹277 Cr
Operating margin54.0%65.3%66.2%73.9%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹0 Cr₹1 Cr₹4 Cr₹4 Cr
Net profit₹76 Cr₹128 Cr₹167 Cr₹217 Cr
Net margin40.6%52.9%53.7%57.9%
ROCE87.0%104.0%109.0%118.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹13 Cr
Reserves₹88 Cr₹89 Cr₹123 Cr₹167 Cr₹245 Cr₹247 Cr
Borrowings₹0 Cr₹0 Cr₹4 Cr₹5 Cr₹3 Cr₹5 Cr
Other liabilities₹49 Cr₹44 Cr₹53 Cr₹154 Cr₹110 Cr₹97 Cr
Total liabilities₹150 Cr₹147 Cr₹193 Cr₹339 Cr₹370 Cr₹362 Cr
Fixed assets₹15 Cr₹7 Cr₹5 Cr₹8 Cr₹6 Cr₹14 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr
Investments₹18 Cr₹5 Cr₹13 Cr₹91 Cr₹164 Cr₹150 Cr
Other assets₹117 Cr₹135 Cr₹174 Cr₹240 Cr₹199 Cr₹198 Cr
Total assets₹150 Cr₹147 Cr₹193 Cr₹339 Cr₹370 Cr₹362 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +1.28 pp while the public trimmed −1.17 pp. The shareholder count shrank 12% to 62,003.

Promoters
64.2%
FIIs
8.0%
DIIs
5.4%
Public
22.5%

Since Jun 2025

  • DIIs +1.28 pp
  • Public −1.17 pp
  • FIIs −0.12 pp

How it drifted, 12 quarters

Over this window promoters fell from 75.0% to 64.2% — −10.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.4%, DIIs 0.6%, Public 24.0%.Dec '23: Promoters 68.9%, FIIs 0.8%, DIIs 0.9%, Public 29.3%.Mar '24: Promoters 63.9%, FIIs 2.1%, DIIs 8.2%, Public 25.9%.Jun '24: Promoters 64.2%, FIIs 2.4%, DIIs 6.7%, Public 26.7%.Sep '24: Promoters 64.2%, FIIs 4.8%, DIIs 5.0%, Public 26.0%.Dec '24: Promoters 64.2%, FIIs 7.4%, DIIs 4.3%, Public 24.1%.Mar '25: Promoters 64.2%, FIIs 8.2%, DIIs 3.5%, Public 24.1%.Jun '25: Promoters 64.2%, FIIs 8.1%, DIIs 4.1%, Public 23.7%.Sep '25: Promoters 64.2%, FIIs 8.2%, DIIs 5.0%, Public 22.7%.Dec '25: Promoters 64.2%, FIIs 7.3%, DIIs 5.0%, Public 23.5%.Mar '26: Promoters 64.2%, FIIs 7.5%, DIIs 4.9%, Public 23.4%.Jun '26: Promoters 64.2%, FIIs 8.0%, DIIs 5.4%, Public 22.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Tips Music above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Kumar S Taurani 15.80%unchanged
Ramesh S Taurani 15.76%unchanged
Renu Kumar Taurani 6.93%unchanged
Varsha R Taurani 4.65%unchanged
Kunal Kumar Taurani 4.65%unchanged
Sneha Ramesh Taurani 3.87%unchanged
Jaya Ramesh Taurani 3.87%unchanged
Raveena R Taurani 3.87%unchanged
Girish Kumar Taurani 2.69%−1.96 pp
UTI Small Cap Fund Mutual fund2.10%−0.08 pp
Krsna Girish Taurani 1.98%+1.96 pp
Avinash Parsram Wadhwa 1.24%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹662, this stock must grow earnings at 26% every year for 7 years. Our analysis caps realistic growth at ~42%. At that growth it is worth ₹1400 — upside of 112%.

Growth the price implies
26.4% a year
for 7 years, fading to 4%
It has actually compounded at
41.9% a year
net profit, FY23–FY26 · EPS 42.0%
The gap
-0.2 pp
112% downside if it only repeats history
Price today ₹661.55 Value at the reference growth ₹1,399.66

Change the assumptions yourself →

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Tips Music

Guides on how to read this kind of business and the numbers that matter.