Heads UP Ventures (HEADSUP) is loss-making over the last 12 months, losing ₹2.97 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹5.61, 49% below its 52-week high. Sales grew 187% a year over 3 years. It is a small-cap company with a market cap of ₹12 Cr, ranked 14th of 14 Apparel Retail companies by market cap; the shares fell 49% over the past year.
- ₹5.10
- ₹5.65
- ₹5.10
- ₹5.44
- 6.6K
Health check
- ReturnsBehind
−48.9% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +186.7% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 1.5% vs peer median 16.5%.
- Balance sheetStretched
Piotroski 2 of 9.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹12 Cr
- Small cap
- P/E
- n/a
- Industry 35.3
- Price to book
- 0.81
- Peers 7.01
- Dividend yield
- 0.00%
- ROE
- −0.2%
- Peers 16.5%
- ROCE
- 1.5%
- Peers 16.5%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- −₹1.35
- Face value ₹10
- OPM (TTM)
- −64.7%
- Net margin −51.5%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- −100.6%
- Latest quarter vs a year ago
- Price to sales
- 2.15
- EV/EBITDA −2.6
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −0.2%.
- Quarterly profit down 100.6% on a year ago.
- 49% below its 52-week high.
About Heads UP Ventures
Heads UP Ventures Limited operates fashion apparels and accessories business in India and internationally. It retails and distributes shirts, t-shirt, jackets, hoodies, sweatshirts, caps, hats, socks, underwear, belts, bags, and flip flops. It offers its products under the HUP and Device of Turtle brand names and, as well as through e-commerce platform. The company was formerly known as The Mandhana Retail Ventures Limited and changed its name to Heads UP…
- Headquarters
- Palghar
- Sector
- Consumer Cyclical
- ISIN
- INE759V01019
- Website
- huvl.in
Price range
- Avg volume (3M)
- 15.4K
- 1-year return
- minus 48.9%
- From 52-week high
- minus 48.5%
Peers · Apparel Retail
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TRENTTrent | 3,079.00 | plus 0.79% | 1,64,182 | 86.6 | 21.13 | 28.2% | 27.1% | 19.2% | 34.7% | 57.0% | 0.13% | minus 34.5% |
| METROBRANDMetro Brands | 824.55 | minus 2.74% | 22,477 | 54.4 | 10.75 | – | 21.2% | 30.1% | – | – | 0.73% | minus 25.0% |
| ABLBLAditya Birla Lifestyle Brands | 76.99 | minus 0.65% | 9,351 | 46.9 | 6.48 | 13.2% | 15.0% | 39.5% | – | – | 0.65% | minus 43.5% |
| V2RETAILV2 Retail | 173.50 | plus 7.54% | 6,326 | 34.2 | 7.01 | 20.6% | 26.0% | 14.8% | 54.1% | – | 0.00% | minus 34.2% |
| ARVINDFASNArvind Fashions | 342.85 | minus 3.27% | 4,585 | 34.7 | 4.86 | 19.6% | 16.5% | 13.2% | 9.0% | 49.4% | 0.47% | minus 35.3% |
| PERNIASPOPPurple Style Labs | 491.05 | minus 5.39% | 3,931 | – | 8.35 | −65.6% | −901.4% | −21.4% | 14.7% | – | 0.00% | minus 13.6% |
| STYLEBAAZABaazar Style Retail | 390.75 | plus 4.84% | 3,092 | 62.1 | 6.47 | 13.5% | 11.0% | 4.1% | 32.7% | 109.4% | 0.00% | plus 11.9% |
| HEADSUPHeads UP Ventures | 5.61 | plus 3.13% | 12 | – | 0.81 | 1.5% | −0.2% | −64.7% | 186.7% | – | 0.00% | minus 48.9% |
| Median of 7 peers | – | −0.65% | 6,326 | 50.6 | 7.01 | 16.5% | 16.5% | 14.8% | 32.7% | 57.0% | 0.13% | −34.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 11.5 | 3 | – | 2.8 | – | |
| 9.3 | 2.9 | – | 5.9 | – | |
| 2.2 | 0 | −0.6 | −3.1 | −0 | |
| 18.8% | 0.6% | – | −110.9% | – | |
| 0.7 | 1 | 0 | 0 | 0 | |
| – | – | – | 0 | – | |
| 2.9 | 1 | −0.6 | −3.1 | −0 | |
| – | 25.3% | – | −0.2% | – | |
| 2.9 | 0.8 | −0.6 | −3.1 | −0 | |
| 1.32 | 0.35 | -0.28 | -1.41 | -0.01 |
Profit & loss
- Sales CAGR 3Y
- +186.7%
- ROE
- −0.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.7 | 0.6 | 1.4 | 17.3 | |
| – | minus 14.2% | +126.1% | +1116.1% | |
| 10 | 5 | 0.6 | 18.8 | |
| −9.3 | −4.3 | 0.8 | −1.5 | |
| −1263.9% | −689.6% | 54.7% | −8.9% | |
| 0.8 | 0.2 | 0.8 | 1.8 | |
| 0.5 | – | 0 | – | |
| 0 | 0.1 | 0 | 0 | |
| −0.7 | −0.1 | – | – | |
| −9.7 | −4.3 | 1.6 | 0.2 | |
| 1.0% | – | 12.8% | 113.7% | |
| −9.7 | −4.3 | 1.4 | −0 | |
| -4.37 | -1.96 | 0.63 | -0.01 |
Forecast
Balance sheet
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| – | 22.1 | 22.1 | 22.1 | 22.1 | |
| – | −3.9 | −8.1 | −6.7 | −6.8 | |
| 4.2 | – | – | – | – | |
| – | 3.3 | 2.3 | 2.9 | 29.8 | |
| – | 21.5 | 16.3 | 18.3 | 45.1 | |
| – | 0.1 | 0 | 0 | 0.1 | |
| 0 | – | – | – | – | |
| – | 0.3 | – | – | 7.7 | |
| – | 2.3 | 1.4 | 2.3 | 1 | |
| – | 18.8 | 14.9 | 16 | 36.2 | |
| – | 21.5 | 16.3 | 18.3 | 45.1 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −9.5 | −1.1 | 0.1 | −0.9 | |
| 1.5 | 0.1 | 0.8 | – | |
| −0.5 | – | – | −0.3 | |
| −8.5 | −1 | 0.9 | −1.3 | |
| −0.2 | −0 | −0 | – | |
| −9.6 | −1.2 | 0.1 | −0.9 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.