Heads UP Ventures Limited
NSE: HEADSUP · Trading - Textile Products · sector
₹5.99NSE close 2026-10-26
Key numbers
Market cap₹13 cr
Price₹5.99
52w high / low₹11 / ₹5
P/E–Sector median 10.0x
P/B0.9xSector median 1.2x
Book value₹6.9
Dividend yield–Sector median 2.01%
ROE-19.3%Sector median -4.7%
ROCE-17.6%Sector median -2.2%
OPM-64.5%Sector median -6.5%
Debt / equity0.00xSector median 0.26x
EV/EBITDA–Sector median 8.4x
Interest cover–
Current ratio1.22x
Sales growth 3y+186.8%Sector median +8.1%
Profit growth 3y–Sector median -25.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Trading - Textile Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Net loss in 3 of the last 8 quarters.
- Debtor days went from 537 (FY24) to 377 (FY26).
- No dividend in the last 5 financial years.
- Price ₹5.99 on 2026-10-26: -46.7% from the 52-week high, +17.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹14.88 · low ₹5.99
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 12 | 3 | 0 | 3 | 0 |
| EBITDA | -0 | 0 | 1 | 2 | 0 | -1 | -3 | -0 |
| OPM % | – | 64.3% | 89.8% | 18.9% | 0.7% | – | -111.1% | – |
| Other income | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 1 | 3 | 1 | -1 | -3 | -0 |
| EPS (₹) | 0.12 | 0.12 | 0.50 | 1.32 | 0.35 | -0.28 | -1.41 | -0.01 |
| Revenue YoY | – | -100.0% | +120.5% | -100.0% | ||||
| Profit YoY | +188.9% | -334.6% | -383.6% | -100.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 17 | 6 |
| EBITDA | -6 | -10 | -4 | 1 | -2 | -4 |
| Net profit | -5 | -10 | -4 | 1 | -0 | -3 |
| EPS (₹) | -2.43 | -4.37 | -1.96 | 0.63 | -0.01 | -1.35 |
| Revenue growth | -24.7% | -13.7% | +125.4% | +1,115.5% | -55.4% | |
| Profit growth | – | – | – | -102.2% | -165.3% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +186.8% | +108.2% | -55.4% |
| Net profit | – | – | -165.3% |
| EPS | – | – | – |
| Share price | – | -36.3% (2y) | -48.7% |
Balance sheet
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Shareholders' equity | – | – | 18 | 14 | 15 | 15 |
| Borrowings | – | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | – | 2 | 1 | 2 | 1 |
| Total assets | – | – | 22 | 16 | 18 | 45 |
| Fixed assets | – | – | 0 | 0 | 0 | 0 |
| Capital work in progress | – | – | 0 | 0 | 0 | – |
| Investments | – | – | 0 | 0 | 0 | 0 |
| Receivables | – | – | 1 | 1 | 1 | 18 |
| Inventory | – | – | 1 | 0 | 0 | 9 |
| Payables | – | – | 0 | 0 | 0 | 26 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Cash from operations | 12 | -2 | -9 | -1 | 0 | -1 |
| Cash from investing | -15 | 3 | 1 | 0 | 1 | 0 |
| Cash from financing | -2 | -0 | -0 | 0 | 0 | -0 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 12 | -3 | -10 | -1 | 0 | -1 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ROE % | – | – | -53.2% | -31.0% | 9.1% | -0.2% |
| ROCE % | – | – | -51.0% | -31.0% | 10.4% | 1.5% |
| Debtor days | – | – | 560 | 537 | 274 | 377 |
| Inventory days | – | – | 711 | 0 | 0 | 190 |
| Payable days | – | – | 219 | 35 | 36 | 539 |
| Cash conversion cycle (days) | – | – | 1,052 | 502 | 238 | 28 |
| Working capital days | – | – | 8,602 | 7,507 | 3,732 | 141 |
Shareholding
| Holder | % (2026-06-30) |
|---|---|
| Promoters | 13.55% |
| FIIs | 0.42% |
| Public (non-institutions) | 86.03% |
| Quarter | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 13.56% | 13.56% | 13.56% | 13.56% | 13.56% | 13.56% | 13.55% | 13.55% |
| Promoter group | % |
|---|---|
| Mahansynthetic Textiles Private Limited | 4.30% |
| Sudha Biharilal Mandhana | 3.17% |
| Purushottam C Mandhana HUF | 3.09% |
| Sangeeta Manish Mandhana | 2.95% |
| Chanda Shyamsunder Jaju | 0.03% |
| Priyavrat Purushottam Mandhana | 0.01% |
| Bhagwati Madanlal Chandak | 0.01% |
| Public holders above 1% | % |
|---|---|
| Harshawardhan Hanmant Sabale | 15.99% |
| Marutinandan Capital Private Limited | 2.89% |
| Yanamadala Rajeswara Rao | 1.08% |
18,979 shareholders. Pledged: 0.00% of promoter shares.
Peers in Trading - Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PDSL | ₹4,618 cr | 39.3x | 2.6x | 6.9% | 12.5% | 3.2% | +7.4% | 2.01% |
| BTTL | ₹213 cr | 10.0x | 1.3x | -4.7% | -4.4% | -34.7% | +29.0% | – |
| ARL | ₹63 cr | 5.8x | 0.6x | 12.1% | 9.8% | 2.5% | +8.8% | – |
| SANBLUE | ₹22 cr | 47.8x | 0.6x | 0.5% | 0.6% | -6.5% | -5.5% | – |
| HEADSUP | ₹13 cr | – | 0.9x | -19.3% | -17.6% | -64.5% | +186.8% | – |
| GLOBALE | ₹12 cr | – | 1.2x | -10.6% | -2.2% | -4.9% | – | – |
| NIVAKA | ₹7 cr | 1.4x | 1.6x | -69.9% | -86.6% | -73,567.2% | -84.1% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-05 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-08 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-11-19 | Other | Annual General Meeting |
| 2019-08-21 | Other | Annual General Meeting |
| 2018-08-14 | Other | Annual General Meeting |
| 2017-09-12 | Other | Annual General Meeting |
Documents
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Trading - Textile Products |
| Sub-industry | Trading - Textile Products |
| Symbol | HEADSUP |
| BSE code | 540210 |
| ISIN | INE759V01019 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.