Updater Services Ltd

Updater Services Ltd

₹ 306 2.67%
10 May - close price
About

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]

Key Points

Overview[1]
The company is an Integrated Business Services Platform - Unique mix of businesses transforming from only IFM to integrated platform with BSS. The company transformed into an integrated business services platform offering IFM services and BSS led through
strategic acquisitions and Organic Growth with pan-India presence.

  • Market Cap 2,050 Cr.
  • Current Price 306
  • High / Low 385 / 235
  • Stock P/E 89.3
  • Book Value 110
  • Dividend Yield 0.00 %
  • ROCE 12.2 %
  • ROE 11.1 %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 21.7 days to 14.0 days

Cons

  • Stock is trading at 2.80 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 9.85% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 12.9% over last 3 years.
  • Earnings include an other income of Rs.25.2 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

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
336.13 342.99 342.50 351.60 346.59 350.40
312.61 338.00 331.89 338.12 340.54 344.07
Operating Profit 23.52 4.99 10.61 13.48 6.05 6.33
OPM % 7.00% 1.45% 3.10% 3.83% 1.75% 1.81%
2.20 4.11 0.84 0.98 13.56 9.79
Interest 3.16 3.34 4.81 4.57 5.17 2.85
Depreciation 3.45 3.74 5.20 4.27 4.49 4.56
Profit before tax 19.11 2.02 1.44 5.62 9.95 8.71
Tax % 7.27% 185.15% -29.17% 4.45% 20.00% 10.45%
17.72 -1.71 1.86 5.37 7.95 7.79
EPS in Rs 1.19 1.17
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
818 945 1,094 1,005 1,071 1,309 1,391
777 906 1,042 966 1,033 1,269 1,355
Operating Profit 41 39 51 39 38 39 36
OPM % 5% 4% 5% 4% 4% 3% 3%
3 2 1 5 9 26 25
Interest 1 3 10 6 4 12 17
Depreciation 5 7 7 6 6 15 19
Profit before tax 37 31 36 32 37 38 26
Tax % 7% 5% 9% 3% -1% 14%
34 30 33 31 37 32 23
EPS in Rs
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 6%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 2%
TTM: -17%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 13%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 53 53 53 53 53 53 67
Reserves 114 145 178 200 236 275 664
15 27 89 11 58 181 221
138 160 214 224 264 405 657
Total Liabilities 321 385 533 489 611 914 1,609
11 13 12 9 23 36 58
CWIP 0 0 0 0 2 0 0
Investments 25 25 93 93 167 378 389
285 347 428 387 419 499 1,162
Total Assets 321 385 533 489 611 914 1,609

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3 -4 112 34 17
-29 -49 -17 -92 -101
14 54 -80 39 107
Net Cash Flow -19 0 14 -19 22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 70 72 82 75 81 80
Inventory Days
Days Payable
Cash Conversion Cycle 70 72 82 75 81 80
Working Capital Days 53 56 57 25 26 14
ROCE % 17% 17% 13% 15% 12%

Shareholding Pattern

Numbers in percentages

17 Recently
Sep 2023Dec 2023Mar 2024
58.47% 58.73% 58.64%
12.16% 7.26% 5.05%
12.38% 15.26% 14.00%
16.99% 18.75% 22.31%
No. of Shareholders 44,52019,43023,865

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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