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    Retail trade

  3. •

    Apparel/Footwear retail
Heads UP Ventures Limited

Heads UP Ventures Limited

5.82
INR
+0.49
(+9.19%)
-1.39EPS
153.47MMarket Cap
Heads UP Ventures Limited
NSE:HEADSUP
(National Stock Exchange of India)

Recent

price

5.82

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
- -
- -
- -
77.79
97.71
116.59
116.4
99.3
68.42
0.2
0.44
0.33
0.29
0.64
7.82
2.71
Revenue per Share
-0.04
- -
- -
9.13
9.7
6.33
4.09
-0.27
-14.06
-1.26
-2.43
-4.37
-1.96
0.63
-0.01
-1.39
Basic EPS, GAAP
-0.04
- -
- -
-6.26
11.58
5.38
1.47
0.2
8.32
5.52
0.36
-4.36
-0.53
0.04
-0.43
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.02
-0.02
-0.02
19.12
20.02
26.4
30.53
30.27
16.31
15.01
12.58
8.22
6.31
6.94
6.94
- -
Book Value per Share
-0.02
-0.02
-0.02
18.96
19.81
26.2
30.35
30.15
16.31
15.01
12.58
8.15
6.25
6.89
6.94
- -
Tangible Book Value per Share
22
22
22
22
22
22
22
22
22
22
22
22
22
22
22
21
Basic Weighted Avg Shares
- -
- -
- -
1,719
2,158
2,575
2,570
2,193
1,511
4
10
7
6
14
173
58
Sales/Revenue/Turnover
- -
- -
- -
23.85
17.34
10.41
6.56
1.68
-6.32
-1,675.37
-656.04
-1,269.21
-698.36
53.75
-8.91
-64.6
Operating Margin (%)
- -
- -
- -
24
30
34
37
39
140
1
- -
- -
1
- -
- -
- -
Depreciation Expense
-1
- -
- -
202
214
140
90
-6
-311
-28
-54
-97
-43
14
- -
-30
Net Income, GAAP
- -
- -
- -
35.28
34.63
38.74
41.8
663.73
- -
- -
- -
- -
- -
12.79
113.72
- -
Effective Tax Rate (%)
- -
- -
- -
11.73
9.93
5.43
3.51
-0.27
-20.55
-631.83
-550.87
-1,318.85
-687.56
98.18
-0.19
-51.43
Profit Margin (%)
- -
- -
- -
238
111
198
305
342
346
332
271
173
129
142
67
- -
Working Capital
- -
- -
- -
121
21
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
- -
422
442
583
674
668
360
331
278
182
139
153
153
- -
Total Equity
- -
- -
- -
49.73
25.3
19.41
12.21
-18.41
- -
- -
- -
- -
- -
4.95
1.38
- -
Return on Invested Capital (%)
- -
- -
- -
55.74
33.44
26.16
14.24
-19.22
- -
- -
- -
- -
- -
9.54
-0.21
- -
Return on Capital (%)
- -
- -
- -
- -
49.55
27.28
14.36
-0.88
-60.38
-8.06
-17.6
-42.04
-26.9
9.52
-0.21
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
204
134
153

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
364
- -
Cash, Cash Equivalents & STI
- -
10
- -
Accounts Receivable, Net
- -
178
- -
Inventories
- -
91
- -
Total Current Liabilities
- -
298
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-7.15%
-12.81%
-0.02%
Free Cash Flow
113.17%
-538.9%
-1,105.51%
Net Income, GAAP
478.55%
-23.51%
-102.34%
Sales/Revenue/Turnover
119.72%
264.72%
1,116.07%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
1
13
14
2026
115
30
- -
28
173
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.11
0.12
0.12
0.5
0.63
2026
1.32
0.35
-0.28
-1.41
-0.01
2027
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Heads UP Ventures Limited (NSE: HEADSUP), incorporated in 2011 and headquartered in Boisar, Maharashtra, India, engages in the design, production, retailing, and distribution of fashion apparel and accessories, primarily under its own brands including HUP and Device of Turtle. The company offers a comprehensive range of men's wear, women's wear, and kid's wear such as shirts, t-shirts, jackets, hoodies, sweatshirts, caps, hats, socks, underwear, belts, bags, and flip-flops; it operates through exclusive brand outlets, e-commerce platforms, and a well-established distribution network focused on domestic markets with some international presence. Heads UP Ventures maintains integrated operations encompassing designing, development, production, marketing, and distribution, targeting discerning consumers with avant-garde designs for various occasions. Formerly known as Mandhana Retail Ventures Limited and later The Mandhana Retail Ventures Limited, the company changed its name to Heads UP Ventures Limited in May 2022; in 2025, it approved fundraising up to 450 million rupees via rights issue in June, considered additional equity fundraising in April, relocated its registered office within Boisar in July following strong Q1 FY2026 results with revenue of 1,150.24 lakhs and net profit of 291.42 lakhs, and reported improving profitability with FY2025 PAT at 139.38 lakhs.