Heads UP Ventures Limited (HEADSUP) - Net Assets
Based on the latest financial reports, Heads UP Ventures Limited (HEADSUP) has net assets worth Rs153.31 Million INR (≈ $1.66 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs450.91 Million ≈ $4.88 Million USD) and total liabilities (Rs297.60 Million ≈ $3.22 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Heads UP Ventures Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs153.31 Million |
| % of Total Assets | 34.0% |
| Annual Growth Rate | N/A |
| 5-Year Change | -44.81% |
| 10-Year Change | -73.7% |
| Growth Volatility | 24.94 |
Heads UP Ventures Limited - Net Assets Trend (2012–2026)
This chart illustrates how Heads UP Ventures Limited's net assets have evolved over time, based on quarterly financial data. See Heads UP Ventures Limited (HEADSUP) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Heads UP Ventures Limited (2012–2026)
The table below shows the annual net assets of Heads UP Ventures Limited from 2012 to 2026. For live valuation and market cap data, see Heads UP Ventures Limited (HEADSUP) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs153.31 Million ≈ $1.66 Million |
-0.02% |
| 2025-03-31 | Rs153.35 Million ≈ $1.66 Million |
+10.00% |
| 2024-03-31 | Rs139.41 Million ≈ $1.51 Million |
-23.22% |
| 2023-03-31 | Rs181.57 Million ≈ $1.96 Million |
-34.63% |
| 2022-03-31 | Rs277.77 Million ≈ $3.00 Million |
-16.20% |
| 2021-03-31 | Rs331.48 Million ≈ $3.58 Million |
-7.96% |
| 2020-03-31 | Rs360.14 Million ≈ $3.89 Million |
-46.12% |
| 2019-03-31 | Rs668.39 Million ≈ $7.23 Million |
-0.86% |
| 2018-03-31 | Rs674.20 Million ≈ $7.29 Million |
+15.66% |
| 2017-03-31 | Rs582.89 Million ≈ $6.30 Million |
-8.38% |
| 2016-03-31 | Rs636.23 Million ≈ $6.88 Million |
+50.71% |
| 2015-03-31 | Rs422.14 Million ≈ $4.57 Million |
+110609.16% |
| 2014-03-31 | Rs-382.00K ≈ $-4.13K |
-4.09% |
| 2013-03-31 | Rs-367.00K ≈ $-3.97K |
-4.26% |
| 2012-03-31 | Rs-352.00K ≈ $-3.81K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Heads UP Ventures Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 85200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs220.83 Million | 144.04% |
| Total Equity | Rs153.31 Million | 100.00% |
Heads UP Ventures Limited Competitors by Market Cap
The table below lists competitors of Heads UP Ventures Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Freight Technologies Inc
NASDAQ:FRGT
|
$1.75 Million |
|
Lord Resources Ltd
AU:LRD
|
$1.75 Million |
|
Eagle Eye Solutions Group plc
LSE:EYE
|
$1.76 Million |
|
AnalytixInsight Inc
V:ALY
|
$1.76 Million |
|
Qlucore AB
ST:QCORE
|
$1.75 Million |
|
Genel Energy Plc
LSE:GENL
|
$1.75 Million |
|
Northcliff Citranusa Indonesia Tbk PT
JK:SKYB
|
$1.75 Million |
|
Baker Steel Resources Trust
LSE:BSRT
|
$1.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heads UP Ventures Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 153,346,000 to 153,309,000, a change of -37,000 (-0.0%).
- Net loss of 326,000 reduced equity.
- New share issuances of 285,000 increased equity.
- Other comprehensive income increased equity by 67,480,000.
- Other factors decreased equity by 67,476,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-326.00K | -0.21% |
| Share Issuances | Rs285.00K | +0.19% |
| Other Comprehensive Income | Rs67.48 Million | +44.02% |
| Other Changes | Rs-67.48 Million | -44.01% |
| Total Change | Rs- | -0.02% |
Book Value vs Market Value Analysis
This analysis compares Heads UP Ventures Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.56x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | Rs-0.02 | Rs7.33 | x |
| 2013-03-31 | Rs-0.02 | Rs7.33 | x |
| 2014-03-31 | Rs-0.02 | Rs7.33 | x |
| 2015-03-31 | Rs19.11 | Rs7.33 | x |
| 2016-03-31 | Rs28.81 | Rs7.33 | x |
| 2017-03-31 | Rs26.40 | Rs7.33 | x |
| 2018-03-31 | Rs30.53 | Rs7.33 | x |
| 2019-03-31 | Rs30.27 | Rs7.33 | x |
| 2020-03-31 | Rs16.31 | Rs7.33 | x |
| 2021-03-31 | Rs15.01 | Rs7.33 | x |
| 2022-03-31 | Rs12.58 | Rs7.33 | x |
| 2023-03-31 | Rs8.22 | Rs7.33 | x |
| 2024-03-31 | Rs6.31 | Rs7.33 | x |
| 2025-03-31 | Rs6.93 | Rs7.33 | x |
| 2026-03-31 | Rs4.70 | Rs7.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heads UP Ventures Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.19%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.94x
- Recent ROE (-0.21%) is above the historical average (-4.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | Rs-816.80K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | Rs21.70K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | Rs23.20K |
| 2015 | 47.78% | 11.73% | 1.55x | 2.63x | Rs159.49 Million |
| 2016 | 33.66% | 9.93% | 1.46x | 2.32x | Rs150.52 Million |
| 2017 | 23.98% | 5.43% | 1.93x | 2.28x | Rs81.51 Million |
| 2018 | 13.39% | 3.51% | 1.91x | 1.99x | Rs22.85 Million |
| 2019 | -0.88% | -0.27% | 1.82x | 1.80x | Rs-72.73 Million |
| 2020 | -86.22% | -20.55% | 2.63x | 1.60x | Rs-346.52 Million |
| 2021 | -8.41% | -631.69% | 0.01x | 1.33x | Rs-61.04 Million |
| 2022 | -19.30% | -550.87% | 0.03x | 1.27x | Rs-81.38 Million |
| 2023 | -53.18% | -1318.85% | 0.03x | 1.18x | Rs-114.71 Million |
| 2024 | -30.97% | -687.56% | 0.04x | 1.17x | Rs-57.12 Million |
| 2025 | 9.09% | 98.18% | 0.08x | 1.19x | Rs-1.40 Million |
| 2026 | -0.21% | -0.19% | 0.38x | 2.94x | Rs-15.66 Million |
Industry Comparison
This section compares Heads UP Ventures Limited's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $11,764,908,139
- Average return on equity (ROE) among peers: 18.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heads UP Ventures Limited (HEADSUP) | Rs153.31 Million | 0.00% | 1.94x | $1.75 Million |
| Go Fashion (India) Limited (GOCOLORS) | $4.38 Billion | 8.12% | 0.71x | $203.60 Million |
| Indian Terrain Fashions Limited (INDTERRAIN) | $1.26 Billion | 14.22% | 0.70x | $18.00 Million |
| SAI SILKS (KALAMANDIR) LIMITED (KALAMANDIR) | $259.00 Million | 15.54% | 2.07x | $175.70 Million |
| Metro Brands Limited (METROBRAND) | $12.87 Billion | 16.44% | 0.80x | $3.04 Billion |
| Credo Brands Marketing Limited (MUFTI) | $4.39 Billion | 10.81% | 0.83x | $64.31 Million |
| Baazar Style Retail Limited (STYLEBAAZA) | $4.04 Billion | 3.63% | 3.34x | $281.31 Million |
| Suumaya Industries Limited (SUULD) | $4.86 Billion | 83.63% | 7.98x | $1.04 Million |
| Trent Limited (TRENT) | $71.08 Billion | 24.19% | 0.65x | $18.34 Billion |
| V2 Retail Limited (V2RETAIL) | $2.75 Billion | -12.65% | 0.25x | $908.72 Million |
About Heads UP Ventures Limited
Heads UP Ventures Limited operates fashion apparels and accessories business in India and internationally. It retails and distributes shirts, t-shirt, jackets, hoodies, sweatshirts, caps, hats, socks, underwear, belts, bags, and flip flops. It offers its products under the HUP and Device of Turtle brand names and, as well as through e-commerce platform. The company was formerly known as The Mandh… Read more