The music label business is not a usual business, where people understand cycles.
I feel this is an unchartered territory. The difficulty in valuing Tips is understanding how long this growth can last. Tips will do 30% topline and bottom line in FY25 for sure. But can they repeat this in FY26 and FY27?
If they can, this is a fair valuation.
If the valuation goes excessive (90-100 PE), one can definitely exit. Because the company will be a 15000 Cr company at that valuation – assuming very bright future in times to come. Risk reward will be quite lopsided.
Happy to hear more views please
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