Heads UP Ventures (NSE:HEADSUP) ROE %: -81.32% (As of Mar. 2026)


NSE:HEADSUP Heads UP Ventures Ltd NSE:HEADSUP
62 GF Score
Price ₹6.89
GF Value ₹336.07
Valuation Possible Value Trap
! 2 Warning Signs
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What is Heads UP Ventures ROE %?

Heads UP Ventures NSE:HEADSUP -1.29% 62 ROE % is -81.32% as of Mar. 2026. GuruFocus rates NSE:HEADSUP with a GF Score™ of 62/100 and a GF Value™ of ₹336.07 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,092 Retail - Cyclical companies, Heads UP Ventures ranks worse than 74.63% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Heads UP Ventures's annualized net income for the quarter that ended in Mar. 2026 was ₹-124.7 Mil. Heads UP Ventures's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹153.3 Mil. Therefore, Heads UP Ventures's annualized ROE % for the quarter that ended in Mar. 2026 was -81.32%.

The historical rank and industry rank for Heads UP Ventures's ROE % or its related term are showing as below:

NSE:HEADSUP' s ROE % Range Over the Past 10 Years
Min: -60.38   Med: -4.47   Max: 27.28
Current: -0.18

During the past 13 years, Heads UP Ventures's highest ROE % was 27.28%. The lowest was -60.38%. And the median was -4.47%.

NSE:HEADSUP's ROE % is ranked worse than
74.63% of 1092 companies
in the Retail - Cyclical industry
Industry Median: 6.49 vs NSE:HEADSUP: -0.18

Heads UP Ventures  (NSE:HEADSUP) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-124.672/153.309
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-124.672 / 112.088)*(112.088 / 450.909)*(450.909 / 153.309)
=Net Margin %*Asset Turnover*Equity Multiplier
=-111.23 %*0.2486*2.9412
=ROA %*Equity Multiplier
=-27.65 %*2.9412
=-81.32 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-124.672/153.309
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-124.672 / -124.432) * (-124.432 / -124.432) * (-124.432 / 112.088) * (112.088 / 450.909) * (450.909 / 153.309)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0019 * 1 * -111.01 % * 0.2486 * 2.9412
=-81.32 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Heads UP Ventures ROE % Related Terms


Heads UP Ventures ROE % Historical Data

* Premium members only.

The historical data trend for Heads UP Ventures's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Heads UP Ventures ROE % Chart

Heads UP Ventures Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.60 -42.04 -26.90 9.52 -0.21

Heads UP Ventures Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.72 76.02 16.41 -12.79 -81.32

NSE:HEADSUP vs TJX, ROST, BURL: ROE % Comparison

For the Apparel Retail subindustry, Heads UP Ventures's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Heads UP Ventures ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Heads UP Ventures's ROE % distribution charts can be found below:

* The bar in red indicates where Heads UP Ventures's ROE % falls into.


NSE:HEADSUP
62GF Score
Heads UP Ventures Ltd NSE:HEADSUP
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Heads UP Ventures ROE % Calculation

Heads UP Ventures's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=-0.326/( (153.346+153.309)/ 2 )
=-0.326/153.3275
=-0.21 %

Heads UP Ventures's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-124.672/( (0+153.309)/ 1 )
=-124.672/153.309
=-81.32 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -81.32% mean?
Heads UP Ventures (NSE:HEADSUP) has a ROE % of -81.32% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Heads UP Ventures and its competitors. According to the industry distribution chart, Heads UP Ventures ranks #815 out of 1092 companies in the Retail - Cyclical industry, placing it in the top 74.6%.
Is Heads UP Ventures' ROE % too high?
Heads UP Ventures' current ROE % is -81.32%. Based on the distribution chart, Heads UP Ventures ranks #815 out of 1092 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Heads UP Ventures has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Heads UP Ventures' ROE % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Heads UP Ventures ranks #815 out of 1092 companies for ROE %. This places Heads UP Ventures in the lower half of its industry. The industry median ROE % is 6.49. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.49, based on 1,092 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Heads UP Ventures and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heads UP Ventures's current ROE % is -81.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heads UP Ventures stock overvalued right now?
Based on GuruFocus' analysis, Heads UP Ventures (NSE:HEADSUP) is currently considered Possible Value Trap. The stock's GF Value™ is ₹336.07, compared to a current price of ₹6.89 — trading 97.9% below its estimated fair value. The current ROE % is -81.32%. Heads UP Ventures' overall GF Score™ is 62/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Heads UP Ventures (NSE:HEADSUP), the current ROE % is -81.32% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Heads UP Ventures (NSE:HEADSUP) Overvalued in 2026?

Based on GuruFocus' analysis, Heads UP Ventures stock appears to be undervalued. The current stock price of ₹6.89 is trading 97.9% below its estimated GF Value™ of ₹336.07. GuruFocus considers Heads UP Ventures to be Possible Value Trap.

Key valuation signals for NSE:HEADSUP:

  • ROE %: -81.32%
  • GF Value™: ₹336.07 vs. price of ₹6.89 (97.9% below fair value)
  • GF Score™: 62/100 with 2 warning signs

No single metric tells the full story. See the NSE:HEADSUP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heads UP Ventures Business Description

Other Exchanges 540210:India
Address Dr. S.S. Rao Road, 209, Peninsula Centre, Parel, Mumbai, MH, IND, 400012
Heads UP Ventures Ltd is engaged in designing, retailing, and distributing men's wear, women's wear, and accessories under the Being Human brand. Geographically, it derives the majority of its revenue from domestic operations. The company offers a range of designs including shirts and t-shirts, jackets, hoodies, sweatshirts, caps, belts, bags, and flip-flops. The company also provides fashion for every occasion with avant-garde designs.
62GF Score

Get the complete analysis for NSE:HEADSUP

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹6.89
Price
₹336.07
GF Value