Tips Music, a midcap player in the lifestyle industry, has recently received an upgrade to a ‘Buy’ rating from MarketsMOJO as of January 7, 2025. The company has demonstrated impressive financial performance in the second quarter of FY24-25, showcasing a robust average Return on Equity (ROE) of 48.86%.
Notably, Tips Music has achieved a remarkable annual growth rate of 99.76% in operating profit, alongside a 10.56% increase in net profit reported in September 2024. The company has consistently delivered positive results for nine consecutive quarters, with operating cash flow reaching an all-time high of Rs 232.95 crore.
With a low debt-to-equity ratio averaging at 0 times, Tips Music maintains a strong financial position. The company’s return on capital employed (ROCE) stands at an impressive 100.53%, and its debtors turnover ratio is at a high of 10.00 times.
Institutional investors have shown increasing participation, raising their stake by 0.77% in the last quarter, now holding 9.87% of the company. Tips Music has outperformed the BSE 500 index over various time frames, generating a remarkable 96.74% return in the past year.
