Updater Services Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Integrated Facility Management Services: 67.9% • Business Support Services: 32.1%
AI Sector View
AI GENERATEDServices
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.
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 19.4% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.11x)
- Company comfortably covers its interest (15.3x coverage)
- Company generates healthy free cash flow
CONS
- Recent results are weak - TTM profit is down 33.5% versus prior year
- Equity base is being diluted - shares outstanding up 26.4%
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| URBANCO | 171.55 | 0.00 | 26456.11 | 0.00 | -921.20 | -13373.78 | 5283.40 | 1338.56 | -8.23 | -18.44 |
| BLS | 236.40 | 13.79 | 9733.56 | 1.06 | 201.62 | 11.41 | 890.53 | 25.33 | 36.54 | 28.34 |
| SIS | 426.45 | 41.14 | 6027.71 | 1.64 | 101.66 | 9.37 | 4603.58 | 29.73 | 7.39 | 4.66 |
| QUESS | 354.55 | 20.97 | 5296.48 | 3.10 | 82.12 | 61.07 | 4181.68 | 14.52 | 24.72 | 2.02 |
| BLSE | 320.80 | 50.15 | 2914.68 | 0.31 | 18.63 | 6.30 | 304.09 | 24.63 | 18.67 | 6.98 |
| TEAMLEASE | 1282.60 | 13.24 | 1959.99 | 0.00 | 34.45 | 37.74 | 3034.69 | 4.96 | 16.22 | 1.05 |
| BLUSPRING | 130.50 | 100.21 | 1951.00 | 0.00 | -1.58 | 77.90 | 949.29 | 19.07 | 1.32 | 2.17 |
| KAPSTON | 564.30 | 56.31 | 1717.29 | 0.00 | 84.89 | 1284.83 | 2216.57 | 1062.33 | 13.16 | 6.56 |
| GCSL | 602.25 | 53.39 | 1455.00 | 0.12 | 128.00 | 1240.31 | 375.21 | 70.67 | 21.85 | 46.76 |
| UDS | 207.05 | 15.97 | 1386.27 | 0.00 | 30.28 | 4.47 | 764.29 | 9.15 | 9.99 | 5.54 |
| KRYSTAL | 634.15 | 14.44 | 886.03 | 0.24 | 17.41 | 5.92 | 360.71 | 11.65 | 16.36 | 6.33 |
| INNOVISION | 279.85 | 18.05 | 666.42 | 0.00 | -73.55 | -771.26 | 2638.15 | 948.03 | 37.59 | -3.82 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 576 | 600 | 636 | 632 | 652 | 680 | 695 | 709 | 700 | 729 | 767 | 743 | 764 | |
| 544 | 574 | 601 | 592 | 611 | 636 | 649 | 673 | 661 | 698 | 746 | 700 | 736 | |
| Operating Profit | 33 | 26 | 35 | 40 | 41 | 44 | 46 | 36 | 39 | 32 | 21 | 43 | 29 |
| OPM % | 5.70% | 4.39% | 5.47% | 6.37% | 6.27% | 6.43% | 6.65% | 5.03% | 5.61% | 4.33% | 2.70% | 5.73% | 3.75% |
| 3 | 6 | 9 | 6 | 6 | 7 | 6 | 17 | 5 | 6 | -2 | 7 | 4 | |
| Interest | 6 | 6 | 4 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 1 |
| Depreciation | 13 | 14 | 15 | 12 | 11 | 12 | 12 | 11 | 11 | 12 | 12 | 12 | 12 |
| Profit before Tax | 17 | 12 | 25 | 30 | 33 | 35 | 38 | 39 | 31 | 24 | 5 | 36 | 33 |
| Tax % | 26.73% | 25.20% | 17.68% | 20.68% | 21.26% | 20.84% | 17.65% | 12.27% | 6.63% | 15.99% | -26.10% | 24.41% | 8.65% |
| Net Profit | 0 | 0 | 0 | 0 | 26 | 28 | 31 | 34 | 29 | 20 | 7 | 27 | 30 |
| 2.44 | 1.86 | 3.12 | 3.86 | 3.79 | 4.20 | 4.61 | 5.15 | 4.33 | 2.96 | 1.37 | 4.19 | 4.44 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 713 | 914 | 1,086 | 1,315 | 1,210 | 1,484 | 2,099 | 2,444 | 2,736 | 2,940 | 3,004 | |
| 668 | 865 | 1,036 | 1,256 | 1,144 | 1,405 | 2,006 | 2,310 | 2,570 | 2,805 | 2,880 | |
| Operating Profit | 44 | 49 | 50 | 59 | 66 | 78 | 93 | 134 | 167 | 134 | 124 |
| OPM % | 6.22% | 5.34% | 4.58% | 4.45% | 5.46% | 5.27% | 4.41% | 5.49% | 6.09% | 4.56% | 4.11% |
| 0 | 2 | 1 | 2 | 6 | 14 | 13 | 24 | 36 | 15 | 15 | |
| Interest | 6 | 2 | 4 | 8 | 3 | 5 | 15 | 19 | 10 | 7 | 6 |
| Depreciation | 3 | 6 | 8 | 16 | 15 | 17 | 37 | 54 | 47 | 47 | 48 |
| Profit before Tax | 35 | 43 | 39 | 37 | 54 | 71 | 54 | 85 | 145 | 96 | 98 |
| Tax % | 27.83% | 11.68% | 7.56% | 9.76% | 12.61% | 19.13% | 36.14% | 21.66% | 17.79% | 13.85% | 14.37% |
| Net Profit | 26 | 38 | 36 | 33 | 48 | 57 | 35 | 66 | 119 | 83 | 84 |
| EPS | 0.00 | 0.00 | 6.81 | 6.24 | 8.47 | 10.40 | 6.70 | 10.15 | 17.74 | 12.80 | — |
| Dividend Payout % | 955.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 16%
- 5 Years:
- 19%
- 3 Years:
- 12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 12%
- 5 Years:
- 14%
- 3 Years:
- 34%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -14%
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 12%
- 3 Years:
- 11%
- Last Year:
- 8%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 |
| Minority Interest | 3 | 4 | 4 | 5 | 7 | 5 | 7 | 6 | 6 | 3 |
| 88 | 126 | 157 | 183 | 229 | 283 | 323 | 765 | 884 | 977 | |
| 0 | 16 | 28 | 108 | 22 | 147 | 311 | 117 | 97 | 41 | |
| Trade Payables | 18 | 23 | 23 | 37 | 32 | 46 | 79 | 79 | 90 | 66 |
| 75 | 116 | 138 | 264 | 280 | 367 | 395 | 453 | 390 | 415 | |
| Total Liabilities | 237 | 338 | 404 | 649 | 623 | 901 | 1,168 | 1,487 | 1,534 | 1,570 |
| 14 | 33 | 32 | 85 | 75 | 204 | 359 | 357 | 357 | 342 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 10 | 1 | 0 |
| 0 | 0 | 1 | 2 | 4 | 0 | 4 | 6 | 43 | 78 | |
| 2 | 4 | 4 | 7 | 5 | 6 | 7 | 7 | 8 | 10 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 504 | 608 | 603 | |
| Cash & Bank | 30 | 17 | 25 | 25 | 64 | 71 | 165 | 151 | 233 | 254 |
| 191 | 284 | 342 | 531 | 475 | 616 | 633 | 452 | 284 | 282 | |
| Total Assets | 237 | 338 | 404 | 649 | 623 | 901 | 1,168 | 1,487 | 1,534 | 1,570 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 | 23 | 32 | 30 | 141 | 52 | 135 | 103 | 51 | 144 | |
| Cash from Investing | -6 | -33 | -20 | -60 | -17 | -47 | -153 | -356 | 19 | 22 |
| Cash from Financing | 28 | 13 | 9 | 56 | -85 | 29 | 96 | 223 | -35 | -76 |
| 28 | -20 | -2 | 1 | 27 | 13 | 57 | -31 | 35 | 90 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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 - 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 - Updater Services Limited has informed the Exchange regarding Proceedings of 23rd Annual General Meeting held on August 25, 2026.
2026-08-11 - Updater Services Limited has informed the Exchange about Investor Meet to be held on Friday, August 14, 2026.
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 - 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 - Updater Services Limited has informed the Exchange about Transcript of the earnings call held on July 31, 2026.
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 - 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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