Heads UP Ventures share price & results
- Jun 2026
- Jun 2026
Formerly Mandhana Retail Ventures, the exclusive retailer of 'Being Human' branded apparel; now renamed Heads Up Ventures Limited and operating at minimal scale with just 2 employees.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 0.00 | −100.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | -0.02 | −100.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | ||
| Free cash flow margin | Fiscal year | FY ending Mar 2026 | Not in the analysed materials. No older figure is substituted. | ||
| Revenue growth (YoY) | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −45.3% 1Y
1Y: ₹10.48 on 24 Oct 2025 → ₹5.73. High ₹10.8 (31 Oct 2025), low ₹5.33 (22 Oct 2026).
- Previous close
- ₹5.99
- Market cap
- ₹14 Cr
- 52-week range
- ₹5.33 – ₹10.8
- One year
- −44.53%
- Return on equity (FY ending Mar 2026)
- -0.20%
Overview
- Symbol
- NSE:HEADSUP
- Sector
- Textiles
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Heads UP Ventures Limited does
Based on the company's own presentations, annual report and earnings calls.
Incorporated in 2011 and originally known as Mandhana Retail Ventures Limited, the company was the exclusive brand licensee-retailer of 'Being Human' menswear and womenswear apparel in India (license with the Being Human Foundation valid till March 2020), selling through its own exclusive brand outlets (EBOs), shop-in-shop (SIS) counters inside department stores such as Shoppers Stop and Lifestyle, franchisee outlets, distributors and e-commerce partners like Myntra, plus exports to the Middle East, Mauritius and Nepal. The company has since been renamed Heads Up Ventures Limited; its FY2024-25 annual report states there was no change in the nature of business during the year but discloses no updated store network, product range or segment detail, and records only 2 permanent employees on its rolls as of 31 March 2025.
Segments
- Exclusive Brand Outlets (EBO)
- Shop-in-Shop (SIS)
- Franchisee outlets
- Distributors
- E-Commerce
- Exports
- Domestic points of sale (total)
- 443 (as of 31 Dec 2017)
- Exclusive Brand Outlets (EBO)
- 31 (as of 31 Dec 2017)
- Shop-in-Shop (SIS) counters
- 374 (as of 31 Dec 2017)
- Retail area (EBOs & Franchisees)
- 70,000+ sq ft (FY18)
- Annual sales volume
- 2 million+ pieces p.a. (FY17)
- Franchisee outlets
- 28 (as of 31 Dec 2017)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 2 fiscal years held (Mar 2025 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −101% (quarter to jun 2026 against jun 2025).
| Line item | Jun 2024 | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Sales | 0 | 1 | 12 | 0 | 3 | 0 |
| Expenses | 0 | 0 | 9 | 1 | 6 | 0 |
| Operating profit | -0 | 1 | 2 | -1 | -3 | -0 |
| Operating margin | — | 89.0% | 18.8% | — | −111.1% | — |
| Other income | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | 1 | 3 | -1 | -3 | -0 |
| Tax rate | 0.0% | 14.7% | 0.0% | 0.0% | 0.3% | 0.0% |
| Net profit | -0 | 1 | 3 | -1 | -3 | -0 |
| EPS (₹ per share) | -0.10 | 0.50 | 1.32 | -0.28 | -1.41 | -0.01 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity capital | — | 22 |
| Reserves | — | -7 |
| Borrowings | — | 0 |
| Other liabilities | — | 30 |
| Total liabilities | — | 45 |
| Fixed assets | — | 0 |
| Capital work in progress | — | 0 |
| Investments | — | 0 |
| Other assets | — | 45 |
| Total assets | — | 45 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Cash from operations | — | -1 |
| Cash from investing | — | 0 |
| Cash from financing | — | -0 |
| Net cash flow | — | -1 |
| Free cash flow | — | -1 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Debtor days | — | 377 |
| Inventory days | — | 190 |
| Days payable | — | 0 |
| Cash conversion cycle | — | 567 |
| Working capital days | — | 748 |
| Dividend payout | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Domestic contributes 100.0% of reported segment revenue.
Year ended 31 Mar 2024 · Standalone
- Domestic 100.0%
₹0.63 crore
- Export 0.0%
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Domestic | 0.63 | 100.0% |
| Export | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹0.63 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹0.63 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Public hold 86.02% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 13.56%
- Foreign institutions 0.42%
- Domestic institutions 0.00%
- Public 86.02%
Who is on the register
Named in the Jun 2026 filing
Every holder of Heads UP Ventures Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 15.99% | unchanged | |
| 4.30% | unchanged | |
| 3.17% | unchanged | |
| 3.09% | unchanged | |
| 2.95% | unchanged | |
| 2.89% | unchanged | |
| 1.08% | unchanged | |
| 0.03% | unchanged | |
| 0.01% | unchanged | |
| 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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