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Tips Industries Ltd share Price Today

Company details

451.35
465.10
210.00
530.95
6M Return 28.50%
1Y Return 116.80%
Mkt Cap.(Cr) 5,923.70
Volume 241,946
Div Yield 1.30%
OI
-
OI Chg %
-
Volume 241,946

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Movies and Entertainment company Tips Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Quarterly Revenue Growth: TIPS Industries reported revenues of Rs 63.3 crore in Q4FY24, marking a YoY increase of 22%.
  • Quarterly Operating EBITDA: Registered at Rs 30.2 crore in Q4FY24, with a growth of 14% over the same quarter the previous year.
  • Quarterly Profit After Tax (PAT): Recorded a significant rise of 41%, amounting to Rs 25.8 crore for Q4 FY24.

FY24 Financial Highlights:

  • Annual Revenue Growth: For Fiscal Year FY24, revenue stood at Rs 241.6 crore, up by 29% compared to the previous fiscal year.
  • Annual Operating EBITDA: The company saw an increase of 55%, with a figure of Rs 158.5 crore for FY24.
  • Annual Profit After Tax (PAT): TIPS Industries saw an impressive increase of 66% in PAT, totaling Rs 127.2 crore for FY24.

Content Costs and Releases:
- The content cost for Q4FY24 was Rs 23.9 crore, and Rs 55.6 crore for the full fiscal year.
- TIPS released 179 new songs in the fourth quarter, with 123 being film songs and 56 non-film songs.

Dividends and Share Buyback:
- The company announced a dividend of Rs 6 per share for FY24, with a payout ratio standing at 60.6%.
- A share buyback program at Rs 625 per share was also initiated, with no participation from the promoters.

Commenting on the Results, Kumar Taurani – Chairman & Managing Director said, “I am pleased to announce that the year 2023-24 marked substantial growth for us, with revenues soaring by 29% YoY to Rs 242 crore. Profits witnessed a remarkable surge, jumping by 66% YoY to Rs 127 crore, a testament to our strategic initiatives and operational efficiency.

In Q4FY24, we released 179 new songs, comprising 123 Film and 56 Non-Film songs, underscoring our commitment to diverse and engaging content. Notably, "Choli ke Peeche", "Naina", and "Ghagra" from Crew emerged as Top 10 Trending songs across major platforms, reflecting our ability to resonate with audiences. Our song "Dil Laga Liya" from the film "Dil Hai Tumhara" surpassed 1 billion views on YouTube, a significant achievement that underscores the enduring popularity of our catalog music.

Our focus remains steadfast on selectively acquiring quality music rights, reflecting our commitment to delivering exceptional content experiences. Looking ahead to FY25, we anticipate a potential increase in content investment, contingent upon factors such as the availability of quality music and the release calendar of films.

In our commitment to enhance shareholder value, during the year we distributed a total dividend of Rs 6 per share and the Board of Directors also announced a buyback of shares at Rs 625 per share, in which the promoters have decided to abstain from participating."

Result PDF

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Tips Industries Ltd shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (3)

  • Promoter holding decreased by more than -2% QoQ
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Declining profits every quarter for the past 2 quarters

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 467.1
R2 473.0
R3 480.9
Pivot

459.23

S1 453.4
S2 445.5
S3 439.6
EMA SMA
436.5
439.3
431.8
394.1
428.5
442.6
450.6
398.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SBI MUTUAL FUND Bulk Purchase 2024-01-29 380 6425721 BSE
KUMAR SADHURAM TAURANI Bulk Sell 2024-01-29 380.26 2450000 BSE
RAMESH SADHURAM TAURANI Bulk Sell 2024-01-29 380 2450000 BSE
Name Category Shares
Kumar S Taurani PROMOTER 15.73%
Ramesh S Taurani PROMOTER 15.69%
Renu Kumar Taurani PROMOTER 6.9%
Girish Kumar Taurani PROMOTER 4.63%
Kunal Kumar Taurani PROMOTER 4.63%
Varsha Ramesh Taurani PROMOTER 4.63%
Jaya Ramesh Taurani PROMOTER 3.86%
Raveena Ramesh Taurani PROMOTER 3.86%
Sneha Ramesh Taurani PROMOTER 3.86%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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Debt/Equity
P BV

Tips Industries Ltd Stocks COMPARISON

Financials( in Cr) Tips Industries Ltd Sun TV Network Ltd Zee Entertainment Enterprises Ltd PVR Inox Ltd Saregama India Ltd
Price 461.25 757.55 163.98 1,390.30 550.70
% Change 1.65 -0.23 -0.65 -0.10 0.41
Mcap Cr 5,923.70 29,853.91 15,750.59 13,643.57 10,617.99
Revenue TTM Cr 186.78 3,772.05 8,087.90 3,750.65 736.62
Net Profit TTM Cr 76.52 1,706.92 47.80 -336.40 185.05
PE TTM 46.57 15.55 48.52 0.00 53.71
1 Year Return 116.80 69.15 -15.45 -3.92 88.31
ROCE 76.99 25.98 7.84 0.00 20.24
ROE 64.15 19.59 0.35 0.00 14.82
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 136.18 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,119.99 -408.46
LAST 3M 113,155.52 -36,230.77
LAST 6M 183,603.09 -15,050.11
LAST 12M 290,144.87 98,834.05

Tips Industries Ltd Information

Stock PE (TTM)
46.57
Promoter Holding
63.86%
Book Value
13.9771
ROCE
76.99%
ROE
64.15%
Description
  • Tips Industries Limited is a leading Company in the Media & Entertainment Industry, engaged in the production and distribution of films and leveraging its audio content library digitally in India and overseas. The Company is also a leading producer of Punjabi films in the country. Founded in 1975, it is one of the oldest companies in the Indian M&E Industry. Mr. Kumar Taurani and Mr. Ramesh Taurani, the co-founders of TIPS, are well-known names in the Indian M&E space with a proven track record of producing films that have wholesome entertainment for the entire family. The Company is engaged in the business of Production and Distribution of motion Pictures and acquisition and exploitation Music of Rights. TIL which has started as a trading firm in pre 1980s has grown to become a leading entertainment company in India in 3 decades. Taurani family initially commenced a trading business in the name of Jaihind Electronics in Bombay in 1980s. As a part of business, the Taurani`s also dealt in gramophone records and pre-recorded audio cassettes of HMV, MIL, CBS and Oriental. In early 80`s a partnership concern, M/s RK electronics with Ramesh S Taurani and Renu K Taurani as partners was formed. The firm did the conceptualising and planning of the album and its release, and used external manufacturing facilities to manufacture and record songs. In 1988, a new partnership firm, Tips Cassettes and Records Co was registered with Sadhuram Taurani and Kumar Taurani as partners. Thereafter, their first major music release in Bollywood, "Patthar ke Phool" hit the market. In 1990, Tips set up its first manufacturing facility at Palghar, Maharashtra. In 19992, M/s RK Electronics was dissolved and merged with the partnership firm M/s Tips Cassettes and Records Co and the reconstituted partners were Ramesh Taurani, Kumar Taurani, Renu Taurani and Varsha Taurani. In 1996, M/s Tips Cassettes & Records Co was reconstituted with the joining of Shyam Lakhani, Kavita Lakhani and Rajeev Sogani as partners and renamed as M/s Tips Industries. Presently the company is in the business of manufacturing and marketing of pre-recorded audio cassettes, blank audio cassettes and replicated CDs. The company has a plant in Silvassa for the manufacture of blank audio cassettes with a capacity of 21 lacs audio cassettes p.a. and a facility of recording of audio cassettes with a capacity of 271.80 lacs pre-recorded cassettes p.a. Its plant in Palghar has a capacity of 115.35 lacs pre recorded audio cassettes p.a. Replication of CDs is done entirely on a job work basis with pre identified sub contractors to whom the company provides Master of the Title and the required packing material. Tips has developed a vast collection of albums which encompasses songs in most of the Indian languages. Apart from film songs, it also includes devotional songs, Indian pop, ghazals, instrumentals, Indian folk, Jokes etc. It markets its products under the TIPS logo which is registered with the Registrar of Trade Marks in the name of Tips. The company came out with a issue of 30,00,000 equity shares of Rs 10/- each for cash at a premium of Rs 315/- per share aggregating Rs 9750 lacs. (Issue comprises of Book Built portion of 27,00,000 equity shares and Fixed Price Portion of 3,00,000 equity shares) to set up a studio for recording music, promotional activities and videos, manufacturing plant for CDs and expand the existing cassette manufacturing facilities. Tips today own 3,500 titles from which atleast 10 have been 10 million sellers and more atleast 15 have grossed more that 5 million in sale and another 20 have been million sellers. Tips has the highest number of gold and platinum discs to their credit compared to any other record label in India since the year l981. Tips also holds soundtrack copy rights of atleast 50 Hindi Movies, each movie sound track copyrights costing about a million dollars and another million dollars to promote. Tips also owns its own distribution system, i.e. it has dedicated set of Distributors handling only tips products, a rarity in the Indian music industry as you have distributors dabbling in the product of more than one record label. Tips also has two factories which use state of the art Ootari machines, incorporates digital bin mastering facilities, works on just in time inventory management system and uses in-house logistics facilities to deliver more than 1,50,000 cassesttes per day to the Indian market. Besides Tips has its offices located in the United states, Dubai and England where it operates via its licencees and also distributes products in South Africa, Israel, Malaysia and is currently looking for aggresive distribution and licensing its repertoire in other markets. Tips has also entered the area of film production . Under its banner, Tips has already produced `Auzaar`, `Jab Pyar Kissise Hota Hai`....., & `Soldier`. During the year 2000-2001, the Company acquired Dashmesh International Ltd, a Mauritius based company and converted it into a 100% subsidiary. The Company also signed an exclusive 3 year licensing deal with Warner Electra Atlantic to manufacture and market audio products of WEA through India and its neighbouring countries. As part of its consolidation plans the company has acquired 100% stake in Tips Films Private Ltd. The Company acquired the entire shares of Tips Films Private Ltd on 11th June 2003 and made it a wholly owned subsidiary by issue of 6,38,400 shares on preferential basis to the shareholders of Tips Films Ltd. The Company released 2 new Audio titles and 8 Video titles of Hindi Movies in 2004. It released audios of 4 Hindi Movies and also acquired distribution rights of 2 films from its wholly owned subsidiary, Tips Films Ltd 2004-05. The Wholly Owned Subsidiary, Tips Films Limited was merged with the Company effective 1st April 2005. The Company released audios of 4 (Four) Hindi Movies and 1 (One) Bengali movie and also 4 (Four) non-film music albums in 2006-07; released audios of 5 Hindi Movies and 1 Marathi Movie and 7 non-film music albums in 2007-08; released 2 films, "Naqaab" & "Race" in 2007-08; released audio of 2 Hindi Movies and 11 Non-Film Music albums in 2008-09; released 1 "Kismat Konnection", hindi cinematographic film in 2009. On 24th February, 2012 Tips came up with its production, a romantic comedy - "Tere Naal Love Ho Gaya". Race2 was released in January 2013, and became the first blockbuster movie of the year 2013, with collection of more than Rs. 100 crores. It released second home production "Jayantabhai Ki Luv Story" on 15th February, 2013. During the year 2014-15, it came up with its production, a comedy film "Entertainment" on August 8, 2014. In 2015-16, it produced and released Punjabi comedy-thriller film, "Ambarsariya" on March 25, 2016. In the mainstream Hindi films, the Rom-Com film, "Loveshhuda" was released on February 19, 2016. During the year 2016-17, it produced and released one Punjabi film "Kaptaan" on May 20, 2016. During 2022-23, the Film Business Undertaking of the Company was demerged in Tips Films Limited through the Scheme of Arrangement and Demerger as going concern basis effective March 23, 2022. Through the said Scheme, the equity shares of the Company got listed with BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) respectively.

Registered Address

601 Durga Chambers 6th Floor, 278/E Linking Road Khar (W), Mumbai, Maharashtra, 400052

Tel : 91-022-66431188
Email : response:tips.in
Website : http://www.tips.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532375
NSE Code : TIPSINDLTD
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE716B01029

FAQ’s on Tips Industries Ltd Shares

You can buy Tips Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tips Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of Tips Industries Ltd was Rs.461.25.

The latest PE ratio of Tips Industries Ltd as of Jun 14, 2024 03:59 PM is 46.57

The latest PB ratio of Tips Industries Ltd as of Jun 14, 2024 03:59 PM is 0.03

The 52-week high of Tips Industries Ltd share price is Rs. 530.95 while the 52-week low is Rs. 210.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:59 PM, the market cap of Tips Industries Ltd stood at Rs. 5,923.70.

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