Updater Services Ltd.

•

uds.inBSE: 543996NSE: UDS

Market Cap₹ 1,389 Cr.

Current Price

High / Low₹ 265 / 125

Stock P/E25.5

Book Value₹ 136

Price to Book0.95

Dividend Yield0.00 %

ROCE7.1 %

ROE6.1 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Company generates healthy free cash flow

CONS

Recent results are weak - TTM profit is down 46.1% versus prior year
Company has a low return on capital employed of 9.2%
A large part of profit comes from other income (27.6% of PBT)
Company has a low return on equity of 7.5% over last 3 years
Equity base is being diluted - shares outstanding up 26.4%
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesBusiness ServicesProfessional Services

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	URBANCO	166.95	0.00	25746.71	0.00	-921.20	-13373.78	5283.40	1338.56	-8.23	-18.44
2.	BLS	231.65	13.51	9537.98	1.08	201.62	11.41	890.53	25.33	36.54	28.34
3.	SIS	420.05	40.52	5937.25	1.67	101.66	9.37	4603.58	29.73	7.39	4.66
4.	QUESS	350.00	20.70	5228.51	3.14	82.12	61.07	4181.68	14.52	24.72	2.02
5.	BLSE	314.65	49.19	2858.80	0.32	18.63	6.30	304.09	24.63	18.67	6.98
6.	BLUSPRING	131.50	100.98	1965.95	0.00	-1.58	77.90	949.29	19.07	1.32	2.17
7.	TEAMLEASE	1236.60	12.77	1889.70	0.00	34.45	37.74	3034.69	4.96	16.22	1.05
8.	KAPSTON	588.20	58.70	1790.02	0.00	84.89	1284.83	2216.57	1062.33	13.16	6.56
9.	GCSL	601.20	55.17	1503.32	0.12	128.00	1240.31	375.21	70.67	21.85	46.76
10.	UDS	207.45	16.00	1388.94	0.00	30.28	4.47	764.29	9.15	9.99	5.54
11.	KRYSTAL	615.35	14.01	859.76	0.24	17.41	5.92	360.71	11.65	16.36	6.33
12.	INNOVISION	261.10	16.84	621.77	0.00	-73.55	-771.26	2638.15	948.03	37.59	-3.82

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	352	347	350	378	375	392	397	428	416	431	461	455	463
	338	341	344	364	361	372	377	413	399	419	445	437	448
Operating Profit	13	6	6	14	14	20	20	15	17	12	16	18	15
OPM %	3.84%	1.74%	1.80%	3.68%	3.84%	5.03%	4.98%	3.44%	4.17%	2.81%	3.55%	3.86%	3.31%
	1	14	10	6	6	6	5	31	3	8	-2	3	3
Interest	5	5	3	1	2	2	1	1	1	0	0	0	0
Depreciation	4	4	5	2	2	3	3	2	3	3	3	3	3
Profit before Tax	6	10	9	16	16	20	21	43	16	17	11	17	18
Tax %	4.45%	20.02%	10.57%	11.30%	31.38%	18.39%	19.93%	17.13%	5.33%	7.61%	11.13%	29.31%	4.42%
Net Profit	5	8	8	14	11	16	16	36	16	15	10	12	17
	1.02	1.49	1.17	2.09	1.62	2.46	2.46	5.30	2.33	2.29	1.47	1.80	2.56

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	663	820	945	1,094	1,005	1,071	1,309	1,417	1,592	1,762	1,810
	622	778	906	1,042	966	1,038	1,272	1,376	1,523	1,699	1,748
Operating Profit	41	42	39	51	39	33	37	41	69	63	61
OPM %	6.15%	5.13%	4.13%	4.70%	3.87%	3.08%	2.82%	2.88%	4.31%	3.59%	3.39%
	0	2	2	1	5	14	29	29	48	13	12
Interest	6	2	3	10	6	4	12	14	5	2	2
Depreciation	3	5	7	7	6	6	15	16	11	12	13
Profit before Tax	32	37	31	36	32	37	38	40	99	61	63
Tax %	26.33%	7.47%	4.93%	9.02%	2.75%	-0.56%	14.38%	11.56%	20.24%	13.69%	13.24%
Net Profit	24	35	30	33	31	37	32	35	79	53	54
EPS	0.00	0.00	5.66	6.12	5.80	6.95	6.07	5.27	11.85	7.89	—
Dividend Payout %	1009.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 12%
3 Years:: 10%

COMPOUNDED PROFIT GROWTH

10 Years:: 7%
5 Years:: 11%
3 Years:: 18%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -17%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 9%
3 Years:: 8%
Last Year:: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	53	53	53	53	53	53	53	67	67	67
	82	117	145	174	197	232	270	682	778	830
	0	15	27	103	20	70	232	85	70	23
Trade Payables	16	16	15	21	21	22	29	37	37	27
	67	103	120	158	240	267	295	320	263	273
Total Liabilities	218	304	361	509	531	644	878	1,190	1,214	1,219
	8	11	13	12	9	23	36	37	54	49
Capital Work in Progress	0	0	0	0	0	2	0	9	1	0
	7	25	25	93	93	167	378	399	418	453
	0	0	0	0	0	0	0	313	389	406
Cash & Bank	27	11	19	7	38	11	33	22	111	97
	177	257	304	397	391	442	431	410	242	214
Total Assets	218	304	361	509	531	644	878	1,190	1,214	1,219

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12	10	32	7	126	38	20	33	11	61
Cash from Investing	-7	-25	-21	-49	-17	-92	-101	-298	67	13
Cash from Financing	27	14	9	54	-80	39	107	243	-14	-51
	25	-17	-1	0	14	-19	22	-22	64	23

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.89	58.89	58.89	58.88	58.88	58.91	59.09	59.09	59.09
	3.86	3.54	3.12	2.74	3.69	3.56	3.34	4.03	3.50
	13.49	15.26	15.04	15.35	12.78	13.13	13.04	12.96	9.41
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	23.76	22.31	22.95	23.04	24.65	24.39	24.54	23.92	28.00

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Cessation

2026-09-08 - Updater Services Limited has informed the Exchange regarding Cessation of Senior Management Personnel Ms. Samriti Malhotra Chief Human Resource Officer of the company w.e.f. close of September 07, 2026.

2026-08-26

Shareholders meeting

2026-08-26 - Updater Services Limited has submitted the Exchange a copy Scrutinizers report of 23rd Annual General Meeting held on Tuesday, the 25th of August 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-25

Shareholders meeting

2026-08-25 - Updater Services Limited has informed the Exchange regarding Proceedings of 23rd Annual General Meeting held on August 25, 2026.

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - Updater Services Limited has informed the Exchange about Investor Meet to be held on Friday, August 14, 2026.

2026-08-11

Appointment

2026-08-11 - Updater Services Limited has informed the Exchange regarding Appointment of Mr. Rajeev Bhardwaj as the Chief Operating Officer (COO) of the company w.e.f. August 12, 2026.

2026-08-11

Appointment

2026-08-11 - Updater Services Limited has informed the Exchange regarding Change in Designation of Mr. CR Saravanan from Chief Operating Officer (COO) to Chief Growth Officer (CGO) of the company w.e.f. August 12, 2026.

2026-08-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - Updater Services Limited has informed the Exchange about Transcript of the earnings call held on July 31, 2026.

2026-08-04

Copy of Newspaper Publication

2026-08-04 - Updater Services Limited has informed the Exchange regarding the publication of the newspaper advertisement for the 23rd Annual General Meeting (AGM) of the Company, which is scheduled to be held on Tuesday, August 25, 2026.

2026-08-03

General Updates

2026-08-03 - Letter to shareholders who have not registered their e-mail ID''s, and advising them to access the web-link and exact path of our Company''s website to access the Annual Report for the FY 2025-26

News

Recent coverage and analyst commentary for UDS

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Updater Services Ltd.

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Free 5nance Account

Name

URBANCO

166.95

0.00

25746.71

0.00

-921.20

-13373.78

5283.40

1338.56

-8.23

-18.44

BLS

231.65

13.51

9537.98

1.08

201.62

11.41

890.53

25.33

36.54

28.34

SIS

420.05

40.52

5937.25

1.67

101.66

9.37

4603.58

29.73

7.39

4.66

QUESS

350.00

20.70

5228.51

3.14

82.12

61.07

4181.68

14.52

24.72

2.02

BLSE

314.65

49.19

2858.80

0.32

18.63

6.30

304.09

24.63

18.67

6.98

BLUSPRING

131.50

100.98

1965.95

0.00

-1.58

77.90

949.29

19.07

1.32

2.17

TEAMLEASE

1236.60

12.77

1889.70

0.00

34.45

37.74

3034.69

4.96

16.22

1.05

KAPSTON

588.20

58.70

1790.02

0.00

84.89

1284.83

2216.57

1062.33

13.16

6.56

GCSL

601.20

55.17

1503.32

0.12

128.00

1240.31

375.21

70.67

21.85

46.76

UDS

207.45

16.00

1388.94

0.00

30.28

4.47

764.29

9.15

9.99

5.54

KRYSTAL

615.35

14.01

859.76

0.24

17.41

5.92

360.71

11.65

16.36

6.33

INNOVISION

261.10

16.84

621.77

0.00

-73.55

-771.26

2638.15

948.03

37.59

-3.82

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

352

347

350

378

375

392

397

428

416

431

461

455

463

338

341

344

364

361

372

377

413

399

419

445

437

448

Operating Profit

OPM %

3.84%

1.74%

1.80%

3.68%

3.84%

5.03%

4.98%

3.44%

4.17%

2.81%

3.55%

3.86%

3.31%

-2

Interest

Depreciation

Profit before Tax

Tax %

4.45%

20.02%

10.57%

11.30%

31.38%

18.39%

19.93%

17.13%

5.33%

7.61%

11.13%

29.31%

4.42%

Net Profit

1.02

1.49

1.17

2.09

1.62

2.46

5.30

2.33

2.29

1.47

1.80

2.56

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

663

820

945

1,094

1,005

1,071

1,309

1,417

1,592

1,762

1,810

622

778

906

1,042

966

1,038

1,272

1,376

1,523

1,699

1,748

Operating Profit

OPM %

6.15%

5.13%

4.13%

4.70%

3.87%

3.08%

2.82%

2.88%

4.31%

3.59%

3.39%

Interest

Depreciation

Profit before Tax

Tax %

26.33%

7.47%

4.93%

9.02%

2.75%

-0.56%

14.38%

11.56%

20.24%

13.69%

13.24%

Net Profit

EPS

0.00

5.66

6.12

5.80

6.95

6.07

5.27

11.85

7.89

—

Dividend Payout %

1009.48%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

117

145

174

197

232

270

682

778

830

103

232

Trade Payables

103

120

158

240

267

295

320

263

273

Total Liabilities

218

304

361

509

531

644

878

1,190

1,214

1,219

Capital Work in Progress

167

378

399

418

453

313

389

406

Cash & Bank

111

177

257

304

397

391

442

431

410

242

214

Total Assets

218

304

361

509

531

644

878

1,190

1,214

1,219

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

126

Cash from Investing

-7

-25

-21

-49

-17

-92

-101

-298

Cash from Financing

-80

107

243

-14

-51

-17

-1

-19

-22

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

58.89

58.88

58.91

59.09

3.86

3.54

3.12

2.74

3.69

3.56

3.34

4.03

3.50

13.49

15.26

15.04

15.35

12.78

13.13

13.04

12.96

9.41

Government

0.00

23.76

22.31

22.95

23.04

24.65

24.39

24.54

23.92

28.00

Updater Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Updater Services Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI