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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tips Industries Ltd

About the Company - Tips Industries Ltd

Tips Industries Ltd. is a Public Limited Listed company incorporated on 08/05/1996 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L92120MH1996PLC099359 and registration number is 099359. Currently Company is involved in the business activities of Sound recording and music publishing activities. Company’s Total Operating Revenue is Rs. 135.59 Cr. and Equity Capital is Rs. 12.97 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & Media601, Durga Chambers, Linking Road, Mumbai Maharashtra 400052info@tips.in
http://www.tips.in
Management
NamePosition Held
Mr. Kumar TauraniChairman & Managing Director
Mr. Ramesh TauraniExecutive Director
Mr. Girish TauraniExecutive Director
Mr. Amitabh MundhraIndependent Director
Mrs. Tara SubramaniamIndependent Director
Mr. Shashikant VyasIndependent Director

Tips Industries Ltd. Share Price Update

Share PriceValue
Today₹416.75
Previous Day₹415.20

Basic Stock Data of Tips Industries Ltd

Market Cap 6,595 Cr.
Current Price 514
High / Low531/143
Stock P/E55.1
Book Value 14.3
Dividend Yield1.18 %
ROCE88.6 %
ROE64.0 %
Face Value 1.00

Data Source: screener.in

Competitors of Tips Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Zee Entertainment Enterprises Ltd 16,703 Cr. 174300/15276.7 1120.00 %7.94 %0.35 % 1.00
TV Vision Ltd 27.5 Cr. 7.107.75/2.00 18.70.00 %31.9 %% 10.0
Pritish Nandy Communications Ltd 93.4 Cr. 64.672.0/29.2 50.50.00 %5.00 %5.28 % 10.0
Raj Television Network Ltd 327 Cr. 63.075.2/37.0248 27.70.00 %3.03 %0.76 % 5.00
Shemaroo Entertainment Ltd 443 Cr. 163240/101 2190.00 %5.25 %1.61 % 10.0
Industry Average3,518.78 Cr94.3464.9485.580.00%10.62%1.60%7.20

Tips Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales31282829443434505152536165
Expenses139911161412222526181121
Operating Profit19191918282022272626355043
OPM %59%69%66%61%63%60%66%55%51%51%67%82%67%
Other Income1311111112243
Interest0000000000000
Depreciation0000000000100
Profit before tax19221918282123282728365346
Tax %36%16%25%39%24%25%25%25%25%34%25%25%25%
Net Profit12181511221617212018274035
EPS in Rs0.961.411.120.871.661.231.321.611.561.432.113.092.70

Tips Industries Ltd Quarterly Chart

Tips Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales721381041026847472039191136187230
Expenses56118108875350381979335498576
Operating Profit1720-51515-3106-25586102155
OPM %23%14%-5%15%22%-7%20%3%-2%61%64%55%67%
Other Income1121319241853511
Interest55111213107200000
Depreciation2222211111112
Profit before tax1115-1634447145989106163
Tax %17%20%-5%18%20%31%22%61%21%27%27%28%
Net Profit912-163333311436577120
EPS in Rs0.550.76-1.060.180.200.210.220.200.793.354.985.969.33
Dividend Payout %36%28%-9%57%50%48%46%50%19%4%4%8%

Tips Industries Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)33.33%-233.33%118.75%0.00%0.00%0.00%0.00%266.67%290.91%51.16%18.46%
Change in YoY Net Profit Growth (%)0.00%-266.67%352.08%-118.75%0.00%0.00%0.00%266.67%24.24%-239.75%-32.70%

Tips Industries Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:32%
3 Years:27%
TTM:36%
Compounded Profit Growth
10 Years:21%
5 Years:90%
3 Years:89%
TTM:62%
Stock Price CAGR
10 Years:66%
5 Years:149%
3 Years:136%
1 Year:250%
Return on Equity
10 Years:24%
5 Years:43%
3 Years:59%
Last Year:64%

Tips Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital16151515151414141413131313
Reserves6972545555545556668889123170
Borrowings409913310689643682-0-0-04
Other Liabilities55293841539715849445738
Total Liabilities1792162401801741352029590150147193225
Fixed Assets29313028262523151515757
CWIP-0-0-0-0-0-0-0-0-0-0-0-0-0
Investments0000000061851349
Other Assets1501842111531481111797970117135174169
Total Assets1792162401801741352029590150147193225

Tips Industries Ltd Reserves and Borrowings Chart

Tips Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 44-55-16373033432531432982
Cash from Investing Activity -1-3-031009-5-14-36-49
Cash from Financing Activity -224619-42-40-34-39-31-9-25-3-43
Net Cash Flow22-123-2-9-153175-9-11

Tips Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1272318117246691973614840
Inventory Days
Days Payable
Cash Conversion Cycle1272318117246691973614840
Working Capital Days260332477401534600305621272781362
ROCE %15%12%-2%8%10%10%9%8%18%64%86%89%

Tips Industries Ltd Financial Efficiency Indicators Chart

Tips Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%75.00%75.00%75.00%68.92%
FIIs0.77%1.02%0.86%1.04%1.01%0.64%0.06%0.10%0.05%0.06%0.42%0.85%
DIIs0.00%0.00%0.00%0.00%0.03%0.00%0.00%0.00%0.00%0.00%0.57%0.91%
Public24.25%24.00%24.16%23.98%23.98%24.38%24.96%24.93%24.95%24.95%24.02%29.32%
No. of Shareholders4,8398,79412,44313,83419,69821,10620,04545,10125,98225,88629,97437,288

Tips Industries Ltd Shareholding Pattern Chart

No. of Tips Industries Ltd Shareholders

Tips Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Samco Active Momentum Fund5236193.5717.9
Motilal Oswal Midcap Fund2500000.128.55
Bank of India Multi Cap Fund835400.752.86
Motilal Oswal Nifty Microcap 250 Index Fund361770.21.24

Tips Industries Ltd ROCE Trend

Tips Industries Ltd EPS Trend

Tips Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)59.5849.7832.727.921.99
Diluted EPS (Rs.)59.5849.7832.727.921.99
Cash EPS (Rs.)60.6250.3534.148.742.90
Book Value[Excl.RevalReserv]/Share (Rs.)106.0478.9678.0856.1349.41
Book Value[Incl.RevalReserv]/Share (Rs.)106.0478.9678.0856.1349.41
Dividend / Share (Rs.)5.002.002.001.501.00
Revenue From Operations / Share (Rs.)145.44104.5569.8163.55141.94
PBDIT / Share (Rs.)83.5268.9746.3111.057.53
PBIT / Share (Rs.)82.4968.3945.6810.226.62
PBT / Share (Rs.)82.2668.3345.6710.035.09
Net Profit / Share (Rs.)59.5849.7833.527.921.99
PBDIT Margin (%)57.4265.9666.3317.385.30
PBIT Margin (%)56.7165.4165.4416.084.66
PBT Margin (%)56.5665.3565.4115.773.58
Net Profit Margin (%)40.9647.6148.0112.461.40
Return on Networth / Equity (%)56.1963.0442.9214.104.02
Return on Capital Employeed (%)75.9865.3042.3617.1712.41
Return On Assets (%)39.7143.9829.3212.573.00
Long Term Debt / Equity (X)0.000.000.000.020.02
Total Debt / Equity (X)0.000.000.000.020.02
Asset Turnover Ratio (%)1.100.910.750.981.37
Current Ratio (X)3.0911.7413.2312.783.37
Quick Ratio (X)3.0911.7413.2312.781.81
Dividend Payout Ratio (NP) (%)3.384.014.4712.6250.28
Dividend Payout Ratio (CP) (%)3.333.974.3911.4334.51
Earning Retention Ratio (%)96.6295.9995.5387.3849.72
Cash Earning Retention Ratio (%)96.6796.0395.6188.5765.49
Interest Coverage Ratio (X)374.911228.562873.5355.824.92
Interest Coverage Ratio (Post Tax) (X)268.46887.752080.8541.012.30
Enterprise Value (Cr.)1760.702791.06576.37113.8282.07
EV / Net Operating Revenue (X)9.4320.596.371.250.40
EV / EBITDA (X)16.4231.219.607.207.61
MarketCap / Net Operating Revenue (X)9.9521.046.741.520.43
Retention Ratios (%)96.6195.9895.5287.3749.71
Price / BV (X)13.6427.866.021.721.26
Price / Net Operating Revenue (X)9.9521.046.741.520.43
EarningsYield0.040.020.070.080.03

Tips Industries Ltd Profitability Ratios (%)

Tips Industries Ltd Liquidity Ratios

Tips Industries Ltd Liquidity Ratios (%)

Tips Industries Ltd Interest Coverage Ratios (X)

Tips Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Tips Industries Ltd

Fair Value: ₹510.23

The stock is overvalued by 0.73% compared to the current price ₹514

*Investments are subject to market risks

Strength and Weakness of Tips Industries Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 27.25%, which is a positive sign.
  2. The company has higher reserves (77.38 cr) compared to borrowings (44.69 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (116.62 cr) and profit (35.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 43.48 and average Dividend Yield of 41.66%.
  2. The stock has a high average Working Capital Days of 292.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 50.58, which may not be favorable.

Should I Buy Tips Industries Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in Tips Industries Ltd:
    1. Net Profit Margin: 40.96% (Higher values are generally favorable)
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 75.98% (Industry Average ROCE: 10.62%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 268.46 (Higher values, preferably > 2, are recommended)
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 3.09 (Higher values, preferably > 1, are recommended)
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 55.1 (Industry average Stock P/E: 64.94)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.00 (Lower values, preferably < 1, are preferred)
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Tips Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE