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Heads UP Ventures Overview

1. Business Overview

Heads UP Ventures Ltd. operates in the Retailing sector in India. As a retailing company, its core business involves the direct sale of goods to consumers. The company's business model typically entails procuring merchandise from manufacturers or distributors, marking it up, and selling it through various channels such as physical stores or online platforms. It generates revenue primarily from these sales, with profitability depending on sales volume, pricing strategy, cost of goods sold, and efficient management of operating expenses.

2. Key Segments / Revenue Mix

Specific details regarding major business segments or their revenue contribution are not publicly available from the provided information. Generally, a retail company might segment its business by product categories (e.g., apparel, electronics, groceries), store formats, or geographical regions.

3. Industry & Positioning

The Indian retail industry is vast, dynamic, and highly competitive, characterized by a significant presence of unorganized traditional retail alongside a rapidly growing organized retail sector and an increasing influence of e-commerce. Organized retail is still expanding its footprint, especially in Tier 2 and Tier 3 cities. Without specific operational details, Heads UP Ventures Ltd.'s exact positioning against its peers (which could range from large conglomerates to specialized chains or online retailers) cannot be determined. Its standing would depend on its scale, market share, specific product offerings, pricing strategy, and geographical reach within this diverse landscape.

4. Competitive Advantage (Moat)

Without specific company details, it is challenging to identify a durable competitive advantage for Heads UP Ventures Ltd. In the retail sector, potential moats can include a strong brand reputation and customer loyalty, economies of scale allowing for better pricing and supply chain efficiency, strategic store locations (real estate moat), effective use of technology for personalized customer experience, or a highly efficient supply chain and operational excellence. A generic retailer often competes primarily on price, convenience, product assortment, and customer service.

5. Growth Drivers

Key factors that can drive growth for a retail company in India over the next 3-5 years include:

Rising Disposable Incomes: Increasing affluence among the Indian middle class leads to higher consumer spending.

Urbanization & Tier 2/3 City Growth: Expansion into untapped markets beyond metropolitan areas.

Organized Retail Penetration: Shift from unorganized to organized retail formats.

Digital Adoption & E-commerce Integration: Leveraging online channels and omni-channel strategies to reach a wider customer base.

Young Population Demographics: A large, aspirational youth population driving demand for diverse products.

6. Risks

Key business risks for Heads UP Ventures Ltd. in the Indian retail landscape include:

Intense Competition: From both traditional unorganized retailers, large organized players, and aggressive e-commerce companies, potentially leading to margin pressure.

Economic Downturns: Reduced consumer spending during periods of economic slowdown or high inflation.

Changing Consumer Preferences: The need to constantly adapt product offerings and retail strategies to evolving tastes and trends.

Supply Chain Disruptions: Issues with sourcing, logistics, or inventory management can impact operations and profitability.

High Operating Costs: Managing real estate, labor, and technology costs in a competitive environment.

Regulatory Changes: Potential shifts in retail policies, such as foreign direct investment (FDI) regulations.

7. Management & Ownership

Specific information regarding the promoters, management quality, or detailed ownership structure of Heads UP Ventures Ltd. is not available from the provided data. For Indian listed companies, promoter groups often hold significant stakes, influencing strategic direction.

8. Outlook

The outlook for Heads UP Ventures Ltd. is intricately linked to its ability to navigate the dynamic Indian retail market. On one hand, the burgeoning Indian economy, growing middle class, and increasing internet penetration present substantial opportunities for growth, particularly for players that can effectively leverage both physical and digital retail channels. Companies that can adapt to evolving consumer preferences, build efficient supply chains, and offer compelling value propositions are well-positioned. On the other hand, the industry faces significant challenges including intense competition, the need for continuous investment in technology and infrastructure, and sensitivity to economic fluctuations and inflation that can impact consumer spending. The company's performance will depend heavily on its specific strategic execution, operational efficiency, and ability to differentiate itself within this competitive environment.

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Heads UP Ventures Key Financials

Market Cap ₹16 Cr.

Stock P/E 11.4

P/B 0.9

Current Price ₹7.2

Book Value ₹ 8.3

Face Value 10

52W High ₹13

Dividend Yield 0%

52W Low ₹ 5.8

Heads UP Ventures Share Price

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Volume
Price

Heads UP Ventures Quarterly Price

Show Value Show %

Heads UP Ventures Peer Comparison

Heads UP Ventures Quarterly Results

#(Fig in Cr.) Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Sep 2024 Dec 2024 Mar 2025 Sep 2025
Net Sales 0 0 0 0 0 0 0 0 1 3
Other Income 0 0 0 0 0 0 0 0 0 1
Total Income 0 0 0 0 0 0 0 0 1 4
Total Expenditure 1 5 1 1 1 2 0 0 0 3
Operating Profit -1 -5 -1 -1 -1 -2 0 0 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -2 -5 -1 -1 -1 -2 0 0 1 1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -2 -5 -1 -1 -1 -2 0 0 1 1
Adjustments 0 0 0 0 -0 0 0 0 0 0
Profit After Adjustments -2 -5 -1 -1 -1 -2 0 0 1 1
Adjusted Earnings Per Share -0.7 -2.3 -0.4 -0.4 -0.3 -0.9 0.1 0.1 0.5 0.4

Heads UP Ventures Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 172 218 260 259 220 152 0 1 1 1 1 4
Other Income 1 1 2 1 2 9 5 2 1 0 1 1
Total Income 173 219 261 261 222 161 6 3 2 1 2 5
Total Expenditure 128 178 229 239 215 161 8 7 11 5 1 3
Operating Profit 45 42 32 22 7 -0 -3 -5 -9 -4 2 2
Interest 11 6 6 2 3 8 0 0 0 0 0 0
Depreciation 2 3 3 4 4 14 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 31 33 23 16 0 -22 -3 -5 -10 -4 2 2
Provision for Tax 11 11 9 6 1 9 0 0 -0 0 0 0
Profit After Tax 20 21 14 9 -1 -31 -3 -5 -10 -4 1 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 20 21 14 9 -1 -31 -3 -5 -10 -4 1 2
Adjusted Earnings Per Share 0 0 6.3 4.1 -0.3 -14.1 -1.3 -2.4 -4.4 -2 0.6 1.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% -63% -40%
Operating Profit CAGR 0% 0% 0% -27%
PAT CAGR 0% 0% 0% -26%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -35% -20% -10% NA%
ROE Average 10% -20% -17% 2%
ROCE Average 11% -19% -16% 10%

Heads UP Ventures Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 42 64 58 67 67 36 33 28 18 14 15
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 12 2 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 5 9 -10 -8 -7 0 0 0 0 0 0
Total Current Liabilities 51 73 95 79 54 21 12 7 3 2 3
Total Liabilities 111 148 144 138 113 57 46 35 21 16 18
Fixed Assets 22 25 25 26 23 2 0 0 0 0 0
Other Non-Current Assets 14 16 4 3 3 0 0 1 1 1 1
Total Current Assets 75 108 115 109 88 56 46 34 20 15 17
Total Assets 111 148 144 138 113 57 46 35 21 16 18

Heads UP Ventures Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 0 0 1 0 5 10 11 2 1
Cash Flow from Operating Activities 10 31 16 9 2 24 12 1 -9 -1 0
Cash Flow from Investing Activities -38 -6 -4 -5 -2 -5 -15 1 1 0 1
Cash Flow from Financing Activities 28 -26 -12 -2 -2 -13 -2 -0 -0 0 0
Net Cash Inflow / Outflow 0 -0 0 1 -1 5 -5 1 -8 -1 1
Closing Cash & Cash Equivalent 1 0 0 1 0 5 0 11 2 1 2

Heads UP Ventures Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 0 6.33 4.09 -0.27 -14.06 -1.26 -2.43 -4.37 -1.96 0.63
CEPS(Rs) 4504.44 4880.88 7.87 5.75 1.48 -7.72 -1.24 -2.41 -4.35 -1.93 0.64
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 0 26.4 30.53 30.27 16.31 15.01 12.58 8.22 6.31 6.94
Core EBITDA Margin(%) 25.63 18.52 11.64 7.81 2.22 -5.97 -1735.92 -655.34 -1365.14 -704.17 54.66
EBIT Margin(%) 24.8 17.72 11.01 6.89 1.45 -9.37 -586.27 -500.99 -1264.09 -687.18 112.78
Pre Tax Margin(%) 18.13 15.02 8.79 5.98 0.05 -14.44 -631.69 -550.87 -1331.76 -687.56 112.58
PAT Margin (%) 11.73 9.82 5.39 3.48 -0.27 -20.44 -631.69 -550.87 -1318.85 -687.56 98.18
Cash Profit Margin (%) 13.1 11.19 6.7 4.9 1.49 -11.22 -620.27 -546.62 -1313.55 -678.82 99.11
ROA(%) 36.39 16.56 9.59 6.4 -0.47 -36.38 -5.4 -13.22 -34.04 -22.87 8.07
ROE(%) 95.65 40.47 22.93 14.36 -0.88 -60.38 -8.06 -17.6 -42.04 -26.9 9.52
ROCE(%) 105.12 46.94 38.13 25.31 4.25 -25.07 -7.25 -16 -40.29 -26.89 10.94
Receivable days 99.95 94.69 56.11 23.65 34.87 34.12 3423.39 630.19 625.08 594.75 255.49
Inventory Days 50.24 53.26 71.23 81.71 78.91 48.52 0 0 658.41 0 0
Payable days 28.13 66.54 124.59 139.62 152.7 124.6 9520.29 321.48 225.82 70.52 0
PER(x) 0 0 33.89 26.48 0 0 0 0 0 0 16.29
Price/Book(x) 0 0 8.13 3.55 0.98 0.36 0.8 1.16 1.54 2.3 1.48
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.22 0.09 1.85 0.94 0.34 0.06 21.32 17.7 34.92 48.83 14.38
EV/Core EBITDA(x) 0.85 0.48 15.05 11.37 10.46 -42.59 -3.71 -3.56 -2.77 -7.2 12.65
Net Sales Growth(%) 0 26.9 19.01 -0.05 -15.25 -30.92 -99.71 120.41 -24.77 -14.22 126.05
EBIT Growth(%) 0 -9.35 -26.03 -37.45 -82.13 -545.64 81.82 -88.34 -89.83 53.37 137.1
PAT Growth(%) 0 6.17 -34.72 -35.43 -106.53 -5170.79 91.02 -92.21 -80.12 55.28 132.28
EPS Growth(%) 0 0 0 -35.43 -106.53 -5170.2 91.02 -92.22 -80.12 55.28 132.28
Debt/Equity(x) 0.92 0.31 0.14 0.11 0.13 0.06 0 0 0 0 0
Current Ratio(x) 1.47 1.48 1.21 1.39 1.64 2.64 3.67 4.79 6.71 6.58 5.87
Quick Ratio(x) 1 0.93 0.57 0.69 0.89 2.63 9.06 11.49 6.27 6.58 5.87
Interest Cover(x) 3.72 6.57 4.96 7.55 1.03 -1.85 -12.91 -10.04 -18.68 -1798.13 571.79
Total Debt/Mcap(x) 0 0 0.02 0.03 0.13 0.18 0 0 0 0 0

Heads UP Ventures Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 29.06 13.79 13.56 13.56 13.56 13.56 13.56 13.56 13.56 13.55
FII 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42
DII 0 0 0 0 0 0 0 0 0 0
Public 70.52 85.79 86.02 86.02 86.02 86.02 86.02 86.02 86.02 86.03
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Heads UP Ventures News

Heads UP Ventures Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Debtor days have improved from 70.52 to 0days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 13.55%.
  • Company has a low return on equity of -20% over the last 3 years.
  • Earnings include an other income of Rs. 1 Cr.
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