Arthneeti

Tips Music Q2 FY27 Share Price & Earnings Call Analysis

₹787.25+0.29% today
Market cap
₹10,011 Cr
P/E
44.07
ROE
87.56%
PEG
1.12
Price to sales
23.57
Debt to equity
0.01
52W high / low
₹794 / ₹484
Sales growth (5Y)
32.91%
EBITDA margin
68.19%
Net profit margin
54.74%
Promoter holding
64.32%
Sales (last year)
₹425 Cr

Guidance scorecard · Q2 FY27 call

What Tips Music's management guided
and where it ranks in Entertainment

Revenue20–40%MarginsFlatCapexWhat management saidFundraisingWhat management saidOrder bookRising

RevenueQ2 FY27 call

20–40%
  • The company aims to return to a 30% growth rate, with the entire team focused on achieving this.
  • Revenue growth for H1 FY27 was 28%, with a conservative annual growth guidance of 22-23% to avoid over-promising.
  • Streaming volumes grew 30-35% year-over-year in the recent quarter, with an emphasis on increasing streams from 300-400 million to 600-800 million.
  • Growth is primarily volume-driven, with paid subscriptions contributing around 10-15% to the digital revenue segment, expected to increase over time.

2 more points from Tips Music's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Tips Music said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

  • The company is planning to invest significantly in content acquisition with a content investment guidance of around Rs. 90 to 100 crores for FY27.
  • Around Rs. 70 crores were already spent in H1 FY27 on content, with a lighter spend expected in H2.
  • Focus on acquiring new music rather than just remakes or older catalogs, aiming to build a strong future pipeline.

2 more points from Tips Music's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Tips Music said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Rising

Ask what Tips Music said on the order book →

Full Q2 FY27 analysis
Full Entertainment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Entertainment
on management's own guidance

  1. Digikore Studios LtdGood growth
    2
  2. Phantom DigitalGood growth
    1
  3. Saregama IndiaGood growth
    3
See all potential multibaggersWhere does Tips Music rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Entertainment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Phantom Digital20–40%Up 2%+₹115 Cr3.5
2Digikore Studios Ltd20–40%Up 2%+₹41 Cr3.2
3Saregama India20–40%Flat₹10,579 Cr46.4
420–40%Flat₹1,067 Cr—
520–40%Flat₹452 Cr17.4
620–40%Flat₹440 Cr9.1

Sign up free to see every company in the sector ranking and track Tips Music.

Pro shows every company guiding 40%+ revenue growth →Full Entertainment ranking

Financials of Tips Music

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Tips Music

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +68.92%63.86%64.16%64.15%64.15%64.15%64.15%64.15%64.15%64.15%64.15%64.32%
FIIs +0.85%2.09%2.39%4.84%7.42%8.23%8.11%8.16%7.34%7.48%7.99%7.86%
DIIs +0.91%8.17%6.72%5.02%4.27%3.52%4.08%5.03%4.97%4.94%5.36%5.66%
Public +29.32%25.88%26.74%25.98%24.15%24.10%23.66%22.66%23.54%23.42%22.49%22.14%
No. of Shareholders37,28857,20953,40460,55773,58068,86970,72669,56464,76262,10662,00364,406

Financials of Tips Music

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +61656374817878888994104107120
Expenses +11213320212241322120275335
Operating Profit50433054595637576875775485
OPM %82%67%48%74%74%72%48%64%76%79%74%50%71%
Other Income +4355645655464
Interest0000000000000
Depreciation0001111111111
Profit before tax53463558645941627279805888
Tax %25%25%26%25%25%25%26%26%26%25%26%25%25%
Net Profit +40352644484431465359594466
EPS in Rs3.092.702.013.413.773.462.393.594.164.594.623.425.14

Financials of Tips Music

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1026847472039191136187242311376425
Expenses +875350381979335498583104100135
Operating Profit1515-3106-25586102158207276290
OPM %15%22%-7%20%3.1%-2.2%61%64%55%66%67%73%68%
Other Income +1319241853514191919
Interest1213107200000000
Depreciation2211111112223
Profit before tax34447145989106171223292305
Tax %18%20%31%22%61%21%27%27%28%25%25%26%
Net Profit +3333311436577127167217227
EPS in Rs0.180.200.210.220.200.793.354.985.969.9013.0316.9617.77
Dividend Payout %57%50%48%46%50%19%4%4%8%61%54%77%

Financials of Tips Music

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital15151414141413131313131313
Reserves5555545556668889123167197247312
Borrowings +106896436820045354
Other Liabilities +4153971584944531541269782
Total Liabilities1801741352029590150147193339339362410
Fixed Assets +2826252315151575871413
CWIP0000000000100
Investments000006185139195150211
Other Assets +1531481111797970117135174240237198186
Total Assets1801741352029590150147193339339362410

Financials of Tips Music

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +373033432531432981233120197
Cash from Investing Activity +31009-5-14-36-48-11111-63
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
Free Cash Flow363033433430432980230119191
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit235%209%-898%449%451%-1,707%102%59%110%175%87%98%

Financials of Tips Music

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days117246691973614840403233
Inventory Days
Days Payable
Cash Conversion Cycle117246691973614840403233
Working Capital Days399523600267621272781365-466446
ROCE %8%10%10%9%8%18%64%86%87%104%109%118%

Guidance history

How Tips Music's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%Flat——Rising
Q1 FY27 call →20–40%Flat—None planned—
Q4 FY26 call →20–40%FlatNone planned——
Q3 FY26 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

82out of 100

Momentum score · price trend

82 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+48.4%86%
Last 6 months+21.6%77%
Last 3 months+14.0%85%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Tips Music: 0.4 × 86 + 0.4 × 77 + 0.2 × 85 = 82.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Tips Music's management said in earlier quarters

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