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 ₹ 1,207 Cr.
- Current Price ₹ 180
- High / Low ₹ 304 / 125
- Stock P/E 13.5
- Book Value ₹ 157
- Dividend Yield 0.00 %
- ROCE 9.98 %
- ROE 8.88 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.15 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 11.0% 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 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 1,324 | 1,210 | 1,483 | 2,099 | 2,444 | 2,736 | 2,940 | |
| 1,252 | 1,138 | 1,404 | 2,006 | 2,310 | 2,569 | 2,805 | |
| Operating Profit | 72 | 73 | 79 | 93 | 134 | 167 | 134 |
| OPM % | 5% | 6% | 5% | 4% | 6% | 6% | 5% |
| 2 | -0 | 13 | 13 | 23 | 35 | 15 | |
| Interest | 11 | 3 | 5 | 15 | 19 | 10 | 7 |
| Depreciation | 16 | 15 | 17 | 37 | 54 | 47 | 47 |
| Profit before tax | 47 | 54 | 71 | 54 | 85 | 145 | 96 |
| Tax % | 13% | 13% | 19% | 36% | 22% | 18% | 14% |
| 41 | 48 | 57 | 35 | 66 | 119 | 83 | |
| EPS in Rs | 10.15 | 17.74 | 12.80 | ||||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 12% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 36% |
| TTM: | -25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -37% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 11% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 53 | 53 | 67 | 67 | 67 |
| Reserves | 196 | 232 | 288 | 328 | 773 | 891 | 985 |
| 90 | 16 | 71 | 220 | 105 | 102 | 45 | |
| 272 | 276 | 452 | 600 | 578 | 517 | 543 | |
| Total Liabilities | 611 | 577 | 864 | 1,201 | 1,523 | 1,578 | 1,640 |
| 85 | 75 | 204 | 359 | 357 | 357 | 342 | |
| CWIP | -0 | 0 | 4 | 0 | 11 | 1 | -0 |
| Investments | 2 | 4 | 0 | 4 | 6 | 43 | 78 |
| 524 | 498 | 655 | 838 | 1,149 | 1,176 | 1,219 | |
| Total Assets | 611 | 577 | 864 | 1,201 | 1,523 | 1,578 | 1,640 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 5 | 128 | 31 | 115 | 103 | 51 | 144 | |
| -55 | -17 | -47 | -153 | -356 | 19 | 22 | |
| 56 | -85 | 29 | 96 | 223 | -35 | -76 | |
| Net Cash Flow | 7 | 27 | 13 | 57 | -31 | 35 | 90 |
| Free Cash Flow | -8 | 125 | 18 | 64 | 66 | 38 | 125 |
| CFO/OP | 41% | 194% | 66% | 145% | 107% | 59% | 121% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 81 | 81 | 86 | 74 | 75 | 81 | 75 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 81 | 81 | 86 | 74 | 75 | 81 | 75 |
| Working Capital Days | 26 | 25 | 13 | -12 | 40 | 34 | 43 |
| ROCE % | 20% | 21% | 13% | 13% | 15% | 10% |
Insights
In beta| Mar 2021 | Mar 2022 | Jun 2023 | Mar 2025 | |
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| Headcount Number |
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| Number of Customers Number |
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| Gross Attrition Rate % |
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| Customer Locations Number |
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| Managed Space Million Sq. Ft. |
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| Points of Presence Number |
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| Customer Retention Rate (5-year window) % |
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| Outsourced IFM Market Share Rank Rank |
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Extracted by Screener AI
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 9 Jun
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 4 Jun
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Announcement Under Regulation 30(9) Of SEBI (LODR) Regulations 2015
2 Jun - Independent Director Subinder Jeet Singh Khurana resigns from Denave India Private Limited effective July 31, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Intimation Under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 about Newspaper Publication of Audited Financial Results for the Quarter and Financial …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Q4 and FY26 earnings call audio recording posted on Updater Services website.
Annual reports
Concalls
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Jun 2026Transcript PPT
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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]
Headquartered in Chennai, Updater Services Ltd 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 76,000 as of FY26.