Heads UP Ventures Ltd
Mandhana Retail Ventures Ltd is an apparel-based textile company. The Company has been carrying the business of selling apparel and accessories under the brand's trademark licensing format. It previously had a global exclusive license for the Being Human brand, pursuant to the exclusive worldwide license granted to it under the Trademark License Agreement. However, post-non-renewal of the agreement the co.t has initiated the process of exploring new business avenues to start afresh which shall be initiated post the current pandemic situation eases out.[1]
- Market Cap ₹ 27.9 Cr.
- Current Price ₹ 12.6
- High / Low ₹ 22.0 / 11.2
- Stock P/E
- Book Value ₹ 12.6
- Dividend Yield 0.00 %
- ROCE -16.0 %
- ROE -17.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.01 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -67.30% over past five years.
- Promoter holding is low: 33.17%
- Company has a low return on equity of -33.56% for last 3 years.
- Company has high debtors of 519.28 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Retail Industry: Textiles - Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00 | 0.00 | 171.89 | 218.13 | 259.59 | 259.45 | 219.87 | 151.90 | 0.44 | 0.97 | |
0.09 | 0.00 | 0.00 | 127.82 | 177.73 | 232.06 | 238.90 | 213.79 | 160.63 | 8.11 | 7.35 | |
Operating Profit | -0.09 | 0.00 | 0.00 | 44.07 | 40.40 | 27.53 | 20.55 | 6.08 | -8.73 | -7.67 | -6.38 |
OPM % | 25.64% | 18.52% | 10.61% | 7.92% | 2.77% | -5.75% | -1,743.18% | -657.73% | |||
0.00 | 0.00 | 0.00 | 0.92 | 1.23 | 1.77 | 1.01 | 0.97 | 8.50 | 5.13 | 1.54 | |
Interest | 0.00 | 0.00 | 0.00 | 11.47 | 5.88 | 3.08 | 2.37 | 3.09 | 7.70 | 0.20 | 0.48 |
Depreciation | 0.00 | 0.00 | 0.00 | 2.35 | 2.99 | 3.40 | 3.67 | 3.86 | 14.01 | 0.05 | 0.04 |
Profit before tax | -0.09 | 0.00 | 0.00 | 31.17 | 32.76 | 22.82 | 15.52 | 0.10 | -21.94 | -2.79 | -5.36 |
Tax % | 0.00% | 35.29% | 34.65% | 38.74% | 41.75% | 690.00% | -41.52% | 0.00% | 0.00% | ||
Net Profit | -0.09 | 0.00 | 0.00 | 20.17 | 21.42 | 13.98 | 9.03 | -0.59 | -31.05 | -2.79 | -5.36 |
EPS in Rs | 6.33 | 4.09 | -0.27 | -14.06 | -1.26 | -2.43 | |||||
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -67% |
3 Years: | -84% |
TTM: | 120% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -7% |
TTM: | -86% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -40% |
3 Years: | -9% |
1 Year: | -26% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -14% |
3 Years: | -34% |
Last Year: | -18% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | 22.08 | |
Reserves | -0.09 | -0.09 | -0.09 | 42.16 | 63.58 | 36.21 | 45.34 | 44.76 | 13.93 | 11.07 | 5.69 |
0.04 | 0.04 | 0.04 | 38.90 | 19.93 | 8.08 | 7.50 | 8.46 | 2.29 | 0.00 | 0.00 | |
0.00 | 0.00 | 0.00 | 29.74 | 64.25 | 66.74 | 59.41 | 45.22 | 19.18 | 10.90 | 7.38 | |
Total Liabilities | 0.00 | 0.00 | 0.00 | 110.85 | 147.81 | 133.11 | 134.33 | 120.52 | 57.48 | 44.05 | 35.15 |
0.00 | 0.00 | 0.00 | 21.81 | 24.68 | 24.86 | 26.05 | 22.58 | 1.70 | 0.15 | 0.12 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.01 | 0.01 | 0.00 | 0.00 | 0.03 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
0.00 | 0.00 | 0.00 | 89.04 | 123.13 | 108.21 | 108.27 | 97.93 | 55.78 | 43.90 | 35.00 | |
Total Assets | 0.00 | 0.00 | 0.00 | 110.85 | 147.81 | 133.11 | 134.33 | 120.52 | 57.48 | 44.05 | 35.15 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-0.08 | 0.00 | 0.00 | 10.33 | 31.44 | 15.50 | 8.54 | 2.03 | 23.68 | 12.20 | -2.47 | |
0.00 | 0.00 | 0.00 | -38.20 | -5.86 | -3.52 | -5.19 | -1.57 | -5.32 | -15.15 | 2.89 | |
0.09 | 0.00 | 0.01 | 28.37 | -25.90 | -11.72 | -2.35 | -1.50 | -13.32 | -2.42 | -0.48 | |
Net Cash Flow | 0.00 | 0.00 | 0.00 | 0.50 | -0.32 | 0.27 | 0.99 | -1.04 | 5.04 | -5.37 | -0.06 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 99.95 | 110.61 | 19.28 | 28.02 | 36.67 | 15.16 | 1,642.50 | 519.28 | |||
Inventory Days | 108.36 | 126.86 | 215.58 | 180.67 | 152.75 | 0.81 | 0.00 | 0.00 | |||
Days Payable | 56.24 | 94.13 | 144.88 | 143.55 | 139.96 | 62.92 | |||||
Cash Conversion Cycle | 152.07 | 143.34 | 89.98 | 65.15 | 49.47 | -46.95 | 1,642.50 | 519.28 | |||
Working Capital Days | 85.17 | 66.88 | 35.53 | 51.46 | 70.15 | 75.57 | 13,388.86 | 4,782.63 | |||
ROCE % | 105.14% | 46.93% | 34.55% | 25.72% | 5.84% | -24.47% | -7.50% | -16.02% |
Documents
Announcements
- Disclosure Of Related Party Transactions For The Half Year Ended 31St March, 2022 31 May
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - Newspaper Advertisement of extract of the Audited Financial Results for the quarter and financial year ended 31st March, 2022
- Board Meeting Outcome for Audited Financial Results For The Quarter And Financial Year Ended On 31St March, 2022 Along With The Auditors Reports Thereon 26 May
-
Announcement under Regulation 30 (LODR)-Change of Company Name
12 May - Of change of name of the Company from The Mandhana Retail Ventures Limited to Heads UP Ventures Limited
-
Announcement under Regulation 30 (LODR)-Meeting Updates
11 May - On Thursday, 26th May, 2022 to consider, approve and take on record the Audited Financial Results for the quarter and financial year ended 31st March, …