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 ₹ 1,358 Cr.
- Current Price ₹ 203
- High / Low ₹ 430 / 190
- Stock P/E 11.9
- Book Value ₹ 151
- Dividend Yield 0.00 %
- ROCE 15.3 %
- ROE 13.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 23.5% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.9% over last 3 years.
* 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 SmallCap BSE Allcap BSE Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 1,324 | 1,210 | 1,483 | 2,099 | 2,444 | 2,736 | 2,833 | |
| 1,252 | 1,138 | 1,404 | 2,006 | 2,310 | 2,569 | 2,681 | |
| Operating Profit | 72 | 73 | 79 | 93 | 134 | 167 | 153 |
| OPM % | 5% | 6% | 5% | 4% | 6% | 6% | 5% |
| 2 | -0 | 13 | 13 | 23 | 35 | 33 | |
| Interest | 11 | 3 | 5 | 15 | 19 | 10 | 8 |
| Depreciation | 16 | 15 | 17 | 37 | 54 | 47 | 46 |
| Profit before tax | 47 | 54 | 71 | 54 | 85 | 145 | 131 |
| Tax % | 13% | 13% | 19% | 36% | 22% | 18% | |
| 41 | 48 | 57 | 35 | 66 | 119 | 114 | |
| EPS in Rs | 10.15 | 17.74 | 16.99 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 23% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 28% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 53 | 53 | 67 | 67 | 67 |
| Reserves | 196 | 232 | 288 | 328 | 773 | 891 | 942 |
| 90 | 16 | 71 | 220 | 105 | 102 | 51 | |
| 272 | 276 | 452 | 600 | 578 | 517 | 531 | |
| Total Liabilities | 611 | 577 | 864 | 1,201 | 1,523 | 1,578 | 1,591 |
| 85 | 75 | 204 | 359 | 357 | 357 | 349 | |
| CWIP | 0 | 0 | 4 | 0 | 11 | 1 | 0 |
| Investments | 2 | 4 | 0 | 4 | 6 | 43 | 53 |
| 524 | 498 | 655 | 838 | 1,149 | 1,176 | 1,189 | |
| Total Assets | 611 | 577 | 864 | 1,201 | 1,523 | 1,578 | 1,591 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 5 | 128 | 31 | 115 | 103 | 51 | |
| -55 | -17 | -47 | -153 | -356 | 19 | |
| 56 | -85 | 29 | 96 | 223 | -35 | |
| Net Cash Flow | 7 | 27 | 13 | 57 | -31 | 35 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 81 | 81 | 86 | 74 | 75 | 81 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 81 | 81 | 86 | 74 | 75 | 81 |
| Working Capital Days | 26 | 25 | 13 | -12 | 40 | 34 |
| ROCE % | 20% | 21% | 13% | 13% | 15% |
Documents
Announcements
- Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011 2d
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Disclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulation, 2015.
13 Nov - Promoter Raghunandana Tangirala bought 579 shares; stake rose to 24.06% on Nov 13, 2025.
- Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011 13 Nov
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 Nov - Updater Services Limited - Q2 & FY 2026 - Earnings Conference Call held on November 06, 2025.
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Disclosure Under SEBI (PIT) Regulations
12 Nov - Promoter Raghunandana Tangirala submitted Form C (Reg.7(2) PIT) dated November 12, 2025.
Annual reports
Concalls
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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.