Heads UP Ventures
HEADSUP NSE
Heads UP Ventures
TextilesNSE: HEADSUP BSE: 540210 Textile Trading
Key Fundamentals
MicrocapTextile TradingTextilesMarket Cap
₹15.02 Cr
Volatility
Moderate
P/E Ratio
-5.1
EBITDA
₹-1.54 Cr
Return on Equity
9.09%
Debt to Equity
0
Book Value
₹6.94
52W High
₹12.95
52W Low
₹5.69
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is almost debt free.
- Stock is trading at 1.01 times its book value
- Company's working capital requirements have reduced from 3,302 days to 119 days
Weaknesses
5- Company has low interest coverage ratio.
- Promoter holding is low: 13.6%
- Company has a low return on equity of -6.43% over last 3 years.
- Company has high debtors of 377 days.
- Promoter holding has decreased over last 3 years: -19.6%
Growth Rate
Revenue Growth
650% higher than
3Y
Net Income Growth
-102% lower than
3Y
Cash Flow Change
108% higher than
3Y
ROE
-129% lower than
3Y
ROCE
-134% lower than
3Y
EBITDA Margin (Avg.)
-111% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.44 | 0.03 | 0 | 0.16 | 0 | 0 | 0.15 | 1.27 | 11.5 | 2.96 | 0 | 2.8 | 0 |
| Expenses | 1.29 | 0.89 | 0.73 | 2.15 | 0.41 | 0.04 | 0.06 | 0.14 | 9.34 | 2.94 | 0.61 | 5.91 | 0.02 |
| Operating Profit | -0.85 | -0.86 | -0.73 | -1.99 | -0.41 | -0.04 | 0.09 | 1.13 | 2.16 | 0.02 | -0.61 | -3.11 | -0.02 |
| OPM % | -193.18% | -2866.67% | — | -1243.75% | — | — | 60% | 88.98% | 18.78% | 0.68% | — | -111.07% | — |
| Other Income | 0 | 0.1 | 0.02 | 0.04 | 0.18 | 0.32 | 0.17 | 0.17 | 0.75 | 1.03 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.02 | 0.02 | 0.01 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.86 | -0.78 | -0.73 | -1.96 | -0.23 | 0.28 | 0.26 | 1.29 | 2.91 | 1.05 | -0.61 | -3.11 | -0.02 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 3.57% | 0% | 14.73% | 0% | 24.76% | 0% | 0% | 0% |
| Net Profit | -0.86 | -0.78 | -0.72 | -1.96 | -0.23 | 0.27 | 0.26 | 1.1 | 2.91 | 0.78 | -0.61 | -3.11 | -0.02 |
| EPS in Rs | -0.39 | -0.35 | -0.33 | -0.89 | -0.1 | 0.12 | 0.12 | 0.5 | 1.32 | 0.35 | -0.28 | -1.41 | -0.01 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 172 | 218 | 260 | 259 | 220 | 152 | 0.44 | 0.97 | 0.73 | 0.63 | 1.41 | 17.26 | 5.76 |
| Expenses | 128 | 178 | 232 | 239 | 214 | 161 | 8.11 | 7.34 | 10.72 | 5.05 | 0.64 | 18.8 | 9.48 |
| Operating Profit | 44.07 | 40.4 | 27.53 | 20.55 | 6.08 | -8.73 | -7.67 | -6.37 | -9.99 | -4.42 | 0.77 | -1.54 | -3.72 |
| OPM % | 25.64% | 18.52% | 10.61% | 7.92% | 2.77% | -5.75% | -1743.18% | -656.7% | -1368.49% | -701.59% | 54.61% | -8.92% | -64.58% |
| Other Income | 0.92 | 1.23 | 1.77 | 1.01 | 0.97 | 8.5 | 5.13 | 1.54 | 0.78 | 0.16 | 0.84 | 1.78 | 1.03 |
| Interest | 11.47 | 5.88 | 3.08 | 2.37 | 3.09 | 7.7 | 0.2 | 0.49 | 0.5 | 0 | 0 | 0 | 0 |
| Depreciation | 2.35 | 2.99 | 3.4 | 3.67 | 3.86 | 14.01 | 0.05 | 0.04 | 0.04 | 0.05 | 0.01 | 0 | 0 |
| PBT | 31.17 | 32.76 | 22.82 | 15.52 | 0.1 | -21.94 | -2.79 | -5.36 | -9.75 | -4.31 | 1.6 | 0.24 | -2.69 |
| Tax % | 35.29% | 34.65% | 38.74% | 41.75% | 690% | 41.52% | 0% | 0% | -0.92% | 0% | 12.5% | 112.5% | — |
| Net Profit | 20.17 | 21.42 | 13.98 | 9.03 | -0.59 | -31.05 | -2.79 | -5.36 | -9.66 | -4.32 | 1.39 | -0.03 | -2.96 |
| EPS in Rs | — | — | 6.33 | 4.09 | -0.27 | -14.06 | -1.26 | -2.43 | -4.37 | -1.96 | 0.63 | -0.01 | -1.35 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 |
| Reserves | 42.16 | 63.58 | 36.21 | 45.34 | 44.76 | 13.93 | 11.07 | 5.69 | -3.93 | -8.14 | -6.75 | -6.75 |
| Borrowings | 38.9 | 19.93 | 8.08 | 7.5 | 8.46 | 2.29 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 29.74 | 64.25 | 66.74 | 59.41 | 45.22 | 19.18 | 10.9 | 7.38 | 3.34 | 2.33 | 2.93 | 29.76 |
| Total Liabilities | 111 | 148 | 133 | 134 | 121 | 57.48 | 44.05 | 35.15 | 21.49 | 16.27 | 18.26 | 45.09 |
| Fixed Assets | 21.81 | 24.68 | 24.86 | 26.05 | 22.58 | 1.7 | 0.15 | 0.12 | 0.24 | 0.17 | 0.15 | 0.15 |
| CWIP | 0 | 0 | 0.04 | 0.01 | 0.01 | 0 | 0 | 0.03 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 89.04 | 123 | 108 | 108 | 97.93 | 55.78 | 43.9 | 35 | 21.25 | 16.1 | 18.11 | 44.94 |
| Total Assets | 111 | 148 | 133 | 134 | 121 | 57.48 | 44.05 | 35.15 | 21.49 | 16.27 | 18.26 | 45.09 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 10.33 | 31.44 | 15.5 | 8.54 | 2.03 | 23.68 | 12.2 | 0.84 | -9.46 | -1.14 | 0.09 | -0.95 |
| Investing | -38.2 | -5.86 | -3.52 | -5.19 | -1.57 | -5.32 | -15.15 | 0.85 | 1.45 | 0.14 | 0.84 | 0 |
| Financing | 28.37 | -25.9 | -11.72 | -2.35 | -1.5 | -13.32 | -2.42 | -0.48 | -0.49 | 0 | 0 | -0.31 |
| Net Cash Flow | 0.5 | -0.32 | 0.27 | 0.99 | -1.04 | 5.04 | -5.37 | 1.21 | -8.5 | -0.99 | 0.93 | -1.25 |
| Free Cash Flow | -13.83 | 25.58 | 11.88 | 3.34 | 0.44 | 18.36 | 13.78 | 0.8 | -9.62 | -1.13 | 0.09 | -0.95 |
| CFO/OP | 23 | 78 | 144 | 112 | 57 | -271 | -159 | -13 | 95 | 26 | 12 | 44 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 99.95 | 111 | 19.28 | 28.02 | 36.67 | 15.16 | 1,643 | 519 | 560 | 533 | 274 | 377 |
| Inventory Days | 108 | 127 | 216 | 181 | 153 | 0.81 | 0 | 0 | 709 | 0 | — | 190 |
| Days Payable | 56.24 | 94.13 | 145 | 144 | 140 | 62.92 | — | — | 220 | — | — | 539 |
| Cash Conversion Cycle | 152 | 143 | 89.98 | 65.15 | 49.47 | -46.95 | 1,643 | 519 | 1,048 | 533 | 274 | 28.05 |
| Working Capital Days | 49.56 | 58.01 | 27.22 | 40.91 | 56.11 | 70.07 | 13,381 | 4,553 | 7,455 | 6,703 | 3,083 | 119 |
| ROCE % | 105.14% | 46.93% | 34.55% | 25.72% | 5.84% | -24.47% | -7.5% | -15.99% | -40.29% | -26.86% | 10.93% | 1.57% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Heads UP Ventures insights
61 extracted metrics + investor summaries across FY13–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Change in Corporate Office Address
5 May - Corporate office shifted in Ahmedabad on 5 May 2026 to 108-F, Supath-2, Usmanpura. 5 May - Corporate office shifted in Ahmedabad on 5 May 2026 to 108-F, Supath-2, Usmanpura.
2
Announcement under Regulation 30 (LODR)-Cessation
27 Apr - Ayush Patel resigned as Additional Director on 27 April 2026 due to personal reasons. 27 Apr - Ayush Patel resigned as Additional Director on 27 April 2026 due to personal reasons.
3
Announcement under Regulation 30 (LODR)-Cessation
10h - Ayush Patel resigned as Additional Director on 27 April 2026 due to personal reasons. 10h - Ayush Patel resigned as Additional Director on 27 April 2026 due to personal reasons.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Apr - Compliances certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on 31st March 2026 14 Apr - Compliances certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on 31st March 2026
5
Closure of Trading Window
31 Mar - Trading window closed for designated persons from Apr 01, 2026 until 48 hours after audited FY2025-26 results. 31 Mar - Trading window closed for designated persons from Apr 01, 2026 until 48 hours after audited FY2025-26 results.
Frequently Asked Questions about Heads UP Ventures
What does Heads UP Ventures Ltd do?
Incorporated in 2011, Heads UP Ventures
Ltd is in the business of trading garments[1]
Where is Heads UP Ventures Ltd (HEADSUP) listed?
Heads UP Ventures Ltd trades as HEADSUP on the NSE and under code 540210 on the BSE.
Which sector does Heads UP Ventures Ltd belong to?
Heads UP Ventures Ltd is classified under the Textiles sector, in the Textile Trading industry.
What is the market capitalisation of Heads UP Ventures Ltd?
Heads UP Ventures Ltd has a market capitalisation of ₹15.02 Cr, which places it in the Small Cap band.
What is the PE ratio of Heads UP Ventures Ltd?
Heads UP Ventures Ltd trades at a PE ratio of -5.10, against a book value of ₹6.94 per share.
What is the 52-week high and low of Heads UP Ventures Ltd?
Over the last 52 weeks Heads UP Ventures Ltd has traded between ₹5.69 and ₹12.95.
What is the Return on Equity (ROE) of Heads UP Ventures Ltd?
Heads UP Ventures Ltd reported a return on equity of 9.09%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 2011, Heads UP Ventures Ltd is in the business of trading garments[1]
Website huvl.in
CEO Ms. Helly Jayeshbhai Raval
Employees 2
Listed 2016-12-14
Face Value ₹ 10
Issued Size 2,20,82,609
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