WEBSITE BSE:540210 NSE: HEADSUP Inc. Year: 2011 Industry: Retailing My Bucket: Add Stock
Last updated: 15:53
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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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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
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 |
| #(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 |
| # | 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% |
| #(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 |
| #(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 |
| # | 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 |
| # | 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 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.64 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| FII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.56 | 1.89 | 1.9 | 1.9 | 1.9 | 1.9 | 1.9 | 1.9 | 1.9 | 1.9 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.21 | 2.21 | 2.21 | 2.21 | 2.21 | 2.21 | 2.21 | 2.21 | 2.21 | 2.21 |
* The pros and cons are machine generated.
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