Heads UP Ventures Limited (HEADSUP) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Heads UP Ventures Limited ₹2.57, price ₹6.75, upside -62.0%, quality 26 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Heads UP Ventures Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹6.05 – ₹24.45 · fair‑value band ₹1.69 – ₹3.21 · the ₹6.75 price screens above the ₹2.57 fair value. Dashed = 300-day average. As of Sep 27, 2026.
Follow Heads UP Ventures in your weekly email
Every Wednesday you see whether Heads UP Ventures is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show more
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 Mandhana Retail Ventures Limited and changed its name to Heads UP Ventures Limited in May 2022. Heads UP Ventures Limited was incorporated in 2011 and is based in Palghar, India.
Stock analysis
Heads UP Ventures Limited (HEADSUP) currently trades at ₹6.75, while our model-based Fair Value estimate is ₹2.57, 62.0% below the price, so the stock looks overvalued today.
Show more
Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: ₹1.69 (bear) to ₹3.21 (bull), the price of ₹6.75 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 26/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Heads UP Ventures Limited reported revenue of ₹173M in FY2026 versus ₹9.7M in FY2022, a compound +105.2%/yr. Reported net income was −₹326K in FY2026.
Key figures
Market cap ₹220M (≈ $2.3M) · P/S ratio 0.90 · EPS (TTM) ₹−0.0100 · Net margin −0.2% · Return on equity −0.2% · Return on assets (EBIT) −17.6% · Operating margin −111% · Revenue (TTM) ₹173M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at −62%, HEADSUP screens richer than that median.
Fair Value models
Bear ₹1.69Fair Value ₹2.57Bull ₹3.21
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1,116.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+186.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+108.2%
Start year 2021 (pandemic). Over 10 years: −22.3% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−18.9%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−1,726.2% (2021) → −8.9% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Compare Heads UP Ventures Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Apparel Retail · 100 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−62.0% · Bottom 25%
Profitability
Return on assets−3.0% · Bottom 25%
Net margin (TTM)−0.2% · Bottom 25%
Operating margin (TTM)−111.0% · Bottom 25%
Growth and dividend
Revenue growth119.8% · Top 25%
Valuation Multiplesvs Apparel Retail median · lower = cheaper
P/S (TTM)0.01× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 53
FUTURE (revenue growth)100· sector 10
PAST (return on equity)0· sector 34
HEALTH (low debt)0· sector 100
DIVIDEND (yield)0· sector 54
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Heads UP Ventures Limited Fair Value". https://www.fairvalue-calculator.com/stock/HEADSUP
Frequently asked questions
Is Heads UP Ventures Limited (HEADSUP) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹2.57 versus a price of ₹6.75, about −62% upside (overvalued).
What is the fair value of HEADSUP?
Our model-based fair value for Heads UP Ventures Limited is ₹2.57 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹6.75.
What is the quality score of HEADSUP?
Heads UP Ventures Limited has a Quality Score of 26/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Heads UP Ventures Limited (HEADSUP)?
Our model-based price target is the fair value of ₹2.57 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario ₹1.69, optimistic scenario ₹3.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Heads UP Ventures Limited stock forecast for 2026?
Our models put fair value at ₹2.57, about −62% upside versus a price of ₹6.75 (overvalued). Cautious scenario ₹1.69, optimistic scenario ₹3.21. The calculation is refreshed regularly with new filings.
What is the revenue of Heads UP Ventures Limited (HEADSUP)?
Heads UP Ventures Limited reported trailing-twelve-month revenue of about ₹173M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Heads UP Ventures Limited (HEADSUP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Heads UP Ventures Limited it is ₹2.57 per share (as of Sep 27, 2026), against a price of ₹6.75. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Heads UP Ventures Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, HEADSUP trades above its calculated fair value: price ₹6.75, fair value ₹2.57, a gap of about −62% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HEADSUP?
No. The price is what the market pays today (₹6.75); the fair value is what the company's own numbers justify (₹2.57). For Heads UP Ventures Limited the two are ₹4.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is Heads UP Ventures Limited worth?
The market values Heads UP Ventures Limited at about ₹220M (market capitalisation, as of Sep 27, 2026). Per share that is ₹6.75; our models calculate a fair value of ₹2.57 per share.
What do the bullish and bearish scenarios say about HEADSUP?
Our models span a range for Heads UP Ventures Limited: cautious scenario ₹1.69, base ₹2.57, optimistic ₹3.21 per share (as of Sep 27, 2026, price ₹6.75). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Heads UP Ventures Limited (HEADSUP)?
Balance-sheet figures for Heads UP Ventures Limited (as of Sep 27, 2026): return on equity −0.2%. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is HEADSUP from its 52-week high?
Heads UP Ventures Limited trades at ₹6.75, about 42% below its 52-week high of ₹11.72 and 12% above the low of ₹6.05 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ₹2.57 is for.
Which stocks are comparable to Heads UP Ventures Limited?
From the same area (Consumer Cyclical) we also value Industria de Diseño Textil, S.A, Fast Retailing Co, The TJX Companies, Inc, Ross Stores, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Heads UP Ventures Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹6.75, calculated fair value ₹2.57 (−62%), Quality Score 26/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HEADSUP calculated?
We run Heads UP Ventures Limited through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹2.57, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Heads UP Ventures Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Heads UP Ventures Limited (HEADSUP)?
The closing price on Sep 30, 2026 was ₹6.75. Our model-based fair value is ₹2.57, about −62% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Heads UP Ventures Limited right now?
The price sits above even our optimistic bull case (₹3.21). The favourable scenario is already priced in. Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (₹1.69 to ₹3.21) leaves room in how you read the outcome.
Key figures of Heads UP Ventures Limited
How large is the market capitalisation of Heads UP Ventures Limited (HEADSUP)?
The market capitalisation of Heads UP Ventures Limited is ₹220M (≈ $2.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Heads UP Ventures Limited (HEADSUP)?
The price-to-sales ratio of Heads UP Ventures Limited is 0.90 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Heads UP Ventures Limited (HEADSUP)?
Earnings per share at Heads UP Ventures Limited are ₹−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Heads UP Ventures Limited (HEADSUP)?
The net margin of Heads UP Ventures Limited is −0.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Heads UP Ventures Limited (HEADSUP)?
The return on equity (ROE) of Heads UP Ventures Limited is −0.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Heads UP Ventures Limited (HEADSUP)?
On an EBIT basis the return on assets of Heads UP Ventures Limited is −17.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Heads UP Ventures Limited (HEADSUP)?
The operating margin of Heads UP Ventures Limited is −111% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Heads UP Ventures Limited (HEADSUP)?
Revenue at Heads UP Ventures Limited is growing +120% versus a year earlier (3y avg +187%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Heads UP Ventures Limited (HEADSUP)?
Earnings per share at Heads UP Ventures Limited are growing +192% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Heads UP Ventures Limited (HEADSUP) generate?
The free cash flow of Heads UP Ventures Limited is −₹9.5M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Heads UP Ventures Limited (HEADSUP) hold?
Heads UP Ventures Limited holds more cash than debt, ₹10.3M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Heads UP Ventures Limited in the live analysis
One click puts Heads UP Ventures Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
