AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 10 Aug - Mrs. Dhruvi Patel appointed Company Secretary and Compliance Officer effective 10 August 2026.
Source: Bse
Heads UP Ventures Limited (HEADSUP)
Small CapFinancial Services stocks · Small cap · NSE
Heads UP Ventures Limited operates in Services, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹5.93
-0.18 · -2.95%
Market cap ₹13.6 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:15 pm ISTDetails
Quote21 Oct, 03:15 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result14 Aug, 08:30 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage10/14 · 71%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
30Bearishfull bear SMA stack · SMA20 -6.1% / mo · MACD − · near 52W low
Stock trend: 20
Sector RS: 46
Sector 3M: -5.8% vs Nifty 500 -5.8%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HEADSUPD candles · FIT view-19.2%TODAY · PROVISIONALLatest price ₹5.93 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-3.1%
RSI
39
MACD hist
-0.03
52W pos
4%
2026-10-21O ₹6.12H ₹6.19L ₹5.89C ₹5.93Vol 18,847 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HEADSUPNifty Financial ServicesNifty 500
- HEADSUP
- -9.5%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- -3.9 pp
Chart stats
19 Oct 2026- From 52W high
- -46.4%
- 52W range position
- 7%
- ATR (14)
- 8.0%
- Volume vs 20D
- 0.30x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹5.8 - ₹7
₹11.4
₹5.7 - ₹11.4
₹0.5
Latest completed session
20-session average
55.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED4
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -100.0% · PAT -101.8% YoY
Technical
Bearish30
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence50
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -100% YoY · PAT -102% YoY
Filed 14 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹0 Cr | -100.0% | -100.0% |
| EBITDA | ₹-0 Cr | -100.9% | +99.4% |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹-0 Cr | -101.8% | NDF |
| PAT margin | NDF | NDF | NDF |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 0.88
- EV/EBITDA
- —
- Market Cap
- 13.60Cr
Profitability
- ROE
- -0.20%
- ROCE
- —
- ROA
- -0.07%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -14.00%
- EPS 5Y
- -14.00%
- Revenue 3Y
- -19.00%
- EPS 3Y
- -19.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- —
- Altman Z
- 0.46
- Book Value
- 6.94
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -0.95 Cr
- EPS TTM
- -0.01
Shareholding
- Promoter Hold
- 13.56%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 6%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 0.0-100.0% vs prev
Net Profit
₹ CrLatest: -0.0+99.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 39.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~7.5% over last month) — short-term momentum negative.
- RSI(14) at 39 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
19
RS percentile
Stage 4 Downtrend
1M return
-8.9%
3M return
-9.5%
6M return
-14.2%
1Y return
-41.7%
RS 1D
0
RS 20D
+2
Sector rank
#10
Industry rank
#16
Stage evidence
- Price is 12.2% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.8%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 57.1-0.90%
RS vs Nifty 50057
Valuation & peers
U-Score 4 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 4 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation4/30
Growth3/25
Quality0/20
Balance Sheet3/15
Cash Flow0/10
Piotroski
3/9 (+1)
Penalties
-7
Raw sum
4
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
4/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 3/15 to the score.
- Valuation contributes 4/30 to the score.
- Growth contributes 3/25 to the score.
Main drags
- Altman Z is 0.5, in distress territory.
- Penalty bucket subtracts 7 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
—
PB
0.9
EV/EBITDA
—
ROE
-0.2%
ROCE
—
FCF Yield
—
Debt/Equity
0.0
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
4
Previous: 4
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
4
4
5
4
4
5
5
4
4
4
4
4
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
3.1
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BLUSPRING
Small
Bluspring Enterprises Limited
Financial Services
match 71
14
142.0
-0.5%
-1982%
OVERVALUED
GCSL
Small
Gretex Corporate Services Limited
Financial Services
match 70
31
62.6
12.7%
-146%
OVERVALUED
RNFI
SME
RNFI Services Ltd.
Financial Services
match 62
52
28.0
23.0%
-9%
FAIR VALUE
AKIKO
SME
Akiko Global Services Ltd.
Financial Services
match 62
52
24.0
29.4%
+7%
FAIR VALUE
BLUECHIP
Small
Blue Chip India Limited
Financial Services
match 60
5
—
—
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Heads UP Ventures Limited operates in Services, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
50Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 7th percentile of the scored universe and 11th percentile within Financial Services. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
7th percentile
overall median 67 · Financial Services: 11th pctile, median 62 · Small: 9th pctile, median 66
Evidence depth
Financial-only
8 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
66
acceptable · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
62
acceptable · leverage and solvency
Discipline
52
watch · capital discipline
Results
48
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.00.
Trust risks
- ▸Operating cash flow is negative at ₹-1 Cr.
- ▸Altman Z is 0.50.
- ▸Promoter holding is only 13.6%.
- ▸Only 0 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Heads UP Ventures Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Change in Corporate Office Address 15 Jul - Board approved discontinuation of Ahmedabad corporate office; Palghar registered office remains sole correspondence address.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Registered Office Address 1 Jul - Board approved shifting registered office within Palghar to H. No. 101, Mahim Road, Tembhode.
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Change in Corporate Office Address 5 May - Corporate office shifted in Ahmedabad on 5 May 2026 to 108-F, Supath-2, Usmanpura.
Source: Bse
AnnouncementApr 2026
Apr 2026 · Announcement under Regulation 30 (LODR)-Cessation 27 Apr - Ayush Patel resigned as Additional Director on 27 April 2026 due to personal reasons.
Source: Bse
AnnouncementMar 2026
Mar 2026 · Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Apr - Compliances certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended on 31st March 2026
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.