Updater Services Ltd
UDS offes integrated facilities management services and other services. Its service portfolio caters to the needs of diverse customer segments across a range of sectors including FMCG, manufacturing and engineering, banking, financial services, and insurance (BFSI), healthcare, information technology / information technology enabled services (IT / ITeS), automobiles, logistics and warehousing, airports, ports, infrastructure and retail, among others.[1]
- Market Cap ₹ 1,104 Cr.
- Current Price ₹ 165
- High / Low ₹ 356 / 146
- Stock P/E 18.0
- Book Value ₹ 132
- Dividend Yield 0.00 %
- ROCE 9.41 %
- ROE 7.51 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.79% over past five years.
- Company has a low return on equity of 7.99% over last 3 years.
- Earnings include an other income of Rs.40.8 Cr.
* 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
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of BSE Allcap BSE Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 818 | 945 | 1,094 | 1,005 | 1,071 | 1,309 | 1,453 | 1,592 | 1,736 | |
| 777 | 906 | 1,042 | 966 | 1,033 | 1,271 | 1,404 | 1,523 | 1,675 | |
| Operating Profit | 41 | 39 | 51 | 39 | 38 | 37 | 48 | 69 | 60 |
| OPM % | 5% | 4% | 5% | 4% | 4% | 3% | 3% | 4% | 3% |
| 3 | 2 | 1 | 5 | 9 | 28 | 24 | 47 | 41 | |
| Interest | 1 | 3 | 10 | 6 | 4 | 12 | 14 | 5 | 3 |
| Depreciation | 5 | 7 | 7 | 6 | 6 | 15 | 16 | 11 | 12 |
| Profit before tax | 37 | 31 | 36 | 32 | 37 | 38 | 43 | 99 | 87 |
| Tax % | 7% | 5% | 9% | 3% | -1% | 14% | 12% | 20% | |
| 34 | 30 | 33 | 31 | 37 | 32 | 37 | 79 | 76 | |
| EPS in Rs | 5.58 | 11.85 | 11.39 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 14% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 14% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 8% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 53 | 53 | 53 | 53 | 67 | 67 | 67 |
| Reserves | 114 | 145 | 178 | 200 | 236 | 275 | 704 | 786 | 818 |
| 15 | 27 | 89 | 11 | 58 | 181 | 57 | 60 | 13 | |
| 138 | 160 | 214 | 224 | 264 | 405 | 412 | 333 | 333 | |
| Total Liabilities | 321 | 385 | 533 | 489 | 611 | 914 | 1,240 | 1,246 | 1,232 |
| 11 | 13 | 12 | 9 | 23 | 36 | 39 | 54 | 53 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 9 | 1 | 0 |
| Investments | 25 | 25 | 93 | 93 | 167 | 378 | 397 | 418 | 427 |
| 285 | 347 | 428 | 387 | 419 | 499 | 796 | 774 | 752 | |
| Total Assets | 321 | 385 | 533 | 489 | 611 | 914 | 1,240 | 1,246 | 1,232 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -3 | -4 | 112 | 34 | 17 | 32 | 11 | ||
| -29 | -49 | -17 | -92 | -101 | -298 | 67 | ||
| 14 | 54 | -80 | 39 | 107 | 243 | -14 | ||
| Net Cash Flow | -19 | 0 | 14 | -19 | 22 | -23 | 64 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70 | 72 | 82 | 75 | 81 | 80 | 81 | 89 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 70 | 72 | 82 | 75 | 81 | 80 | 81 | 89 |
| Working Capital Days | 53 | 46 | 27 | 21 | 6 | -31 | 57 | 43 |
| ROCE % | 17% | 17% | 13% | 15% | 12% | 9% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
13 Feb - Joint Commissioner cut GST demand from Rs41,60,998 to Rs46,382; order dated Feb 12, 2026; company to appeal.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 11 Feb
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Feb - Listing Obligations and Disclosure Requirement) Regulation, 2015 about newspaper publication of un-audited financial results for quarter and nine months ended December 31, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Feb - Audio of Q3 & nine months FY'26 earnings call (Dec 31, 2025) available online.
- Announcement under Regulation 30 (LODR)-Investor Presentation 6 Feb
Annual reports
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
Business Profile[1]
Updater Services Ltd (UDS), headquartered in Chennai, is India’s 2nd largest outsourced IFM player by market share. It has evolved into a diversified business services platform, offering IFM and Business Support Services (BSS), with a workforce of over 70,000 as of FY25.