Tips Industries Ltd logo

TIPSINDLTD

Tips Industries Ltd

₹1687.2

Tips Industries Ltd Results Summary

Revenue
₹9.31Cr
Net Profits
₹-0.83Cr
Net Profit Margins
-8.92%

Highlights

Revenue:

Tips Industries Ltd’s revenue fell -20.29% since last year same period to ₹9.31Cr in the Q4 2003-2004. On a quarterly growth basis, Tips Industries Ltd has generated 0.11% jump in its revenue since last 3-months.

Net Profits:

Tips Industries Ltd’s net profit jumped 85.49% since last year same period to ₹-0.83Cr in the Q4 2003-2004. On a quarterly growth basis, Tips Industries Ltd has generated -146.11% fall in its net profits since last 3-months.

Net Profit Margins:

Tips Industries Ltd’s net profit margin jumped 81.8% since last year same period to -8.92% in the Q4 2003-2004. On a quarterly growth basis, Tips Industries Ltd has generated -146.06% fall in its net profit margins since last 3-months.

Key Ratios

Key ratios of the Tips Industries Ltd post its Q4 2003-2004 results

Dividend Per Share (DPS)
2

Highlights

Dividend Per Share (DPS):

Tips Industries Ltd declared 2 dividend per share during the results announcement for Q1 2022-2023.

Company Information

Tips Industries Ltd one of Indias largest Entertainment company having presence along with its subsidiaries in Music Film Production Film Distribution and Artist Management.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 Tauranis also dealt in gramophone records and prerecorded audio cassettes of HMV MIL CBS and Oriental. In early 80s 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 prerecorded 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 prerecorded 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 3000000 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 2700000 equity shares and Fixed Price Portion of 300000 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 3500 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 inhouse logistics facilities to deliver more than 150000 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 20002001 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.

Organisation
Tips Industries Ltd
Headquarters
Mumbai
Industry
Entertainment

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