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Updater Services Ltd

₹ 183-1.40%
07 Jan 11:35 a.m. – close price
🔗uds.in•BSE: 543996•NSE: UDS
Market Cap₹ 1,225 Cr.
Current Price₹ 183
High / Low₹ 376
Stock P/E18.8
Book Value₹ 132
Dividend Yield0.00 %
ROCE9.41 %
ROE7.51 %
Face Value₹ 10.0
Sales₹ 1,671 Cr.
OPM3.82 %
Mar Cap₹ 1,225 Cr.

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

Business Profile[1]Updater Services Ltd (UDS), headquartered in Chennai, is India’s2nd largestoutsourced 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.

Also present in buckets:
Aggressive Growth TriggersRevenue GuidanceOrder Book PositionJv Partnerships AcquisitionsRevenue Guidance Vs ActualsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.International Ge320.8527.1613865.860.78129.7918.42303.7421.4368.011174.4359.40510.83129.7911.1940.560.11
2.NESCO1248.3021.268795.530.52118.9111.26239.1824.5121.12831.0757.58413.61118.913.1613.760.04
3.Wework India612.0046.488202.230.007.39-96.38573.0322.26137.071941.8163.70176.417.39–3.5722.73
4.CMS Info Systems353.0516.285806.741.8373.35-19.32608.62-2.5523.672436.5925.32357.6873.352.4712.440.10
5.Smartworks Cowor485.00–5541.700.00-3.1480.16424.7821.246.971374.0662.39-64.72-3.1410.87-1.478.60
6.NDR INVIT Trust128.0035.005068.961.4336.6039.07103.6138.004.74379.0387.31144.8237.051.332.650.38
7.Nirlon499.7514.174503.775.18147.66161.39165.313.1830.18647.6778.91317.91147.669.7110.002.47
8.Updater Services182.9018.831224.570.0015.30-6.99430.649.929.411671.483.8265.0515.301.384.910.02
–Median: 60 Co.141.9522.98408.510.06.5136.264.0525.1612.67272.7314.8413.636.482.755.190.28

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
343350397352375416342378428336347392431
Expenses
338344377338361399332364413313341372419
Operating Profit
56201314171114152462012
Other Income
4105163163121468
Profit before tax
2921616161164319102017
Tax %
185%10%20%4%31%5%-29%11%17%7%20%18%8%
Net Profit
-281651116214361881615
EPS in Rs
–1.172.46–1.632.33–2.095.30–1.192.462.29

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
8189451,0941,0051,0711,3091,4531,5921,671
Expenses
7779061,0429661,0331,2711,4041,5231,608
Operating Profit
413951393837486964
Other Income
3215928244747
Interest
131064121453
Depreciation
5776615161112
Profit before tax
373136323738439997
Net Profit
343033313732377983
EPS in Rs
––––––5.5811.8512.38
Dividend Payout %
0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:13%
3 Years:14%
TTM:33%

Compounded Sales Growth

10 Years:%
5 Years:8%
3 Years:14%
TTM:12%

Return on Equity

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

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:-50%

Balance Sheet

Standalone figures in ₹ crores

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
535353535353676767
Reserves
114145178200236275704786818
Borrowings
1527891158181576013
Other Liabilities
138160214224264405412333333
Total Liabilities
3213855334896119141,2401,2461,232
Fixed Assets
11131292336395453
Gross Block
16.8925.2329.7831.8541.8464.6279.5898.70–
Accumulated Depreciation
5.4112.0117.5423.0118.8728.3540.8244.87–
CWIP
000020910
Investments
25259393167378397418427
Other Assets
285347428387419499796774752
Total Assets
3213855334896119141,2401,2461,232

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-3–-411234173211
Cash from Investing Activity
-29–-49-17-92-101-29867
Cash from Financing Activity
14–54-8039107243-14
Net Cash Flow
-19–014-1922-2364

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
7072827581808189
Inventory Days
––––––––
Days Payable
––––––––
Cash Conversion Cycle
7072827581808189
Working Capital Days
534627216-315743
ROCE %
–17%17%13%15%12%9%9%

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
58.47%58.73%58.64%58.88%58.88%58.88%58.88%58.88%58.91%
FIIs
12.16%7.26%5.05%3.86%3.54%3.12%2.74%3.69%3.56%
DIIs
12.38%15.26%14.00%13.49%15.26%15.03%15.35%12.78%13.13%
Public
16.99%18.75%22.31%23.75%22.31%22.96%23.05%24.65%24.38%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Updater Services Appoints Amitabh Jaipuria as Whole-time Director

31st March 2026, 3:15 am

Updater Services Closes Trading Window from April 1 Ahead of Financial Results

26th March 2026, 9:59 pm

Updater Services Appoints New CFO, Interim CFO Resigns

16th March 2026, 9:53 pm

Updater Services to Participate in Investor Summit on March 10

6th March 2026, 12:10 am

Updater Services to Participate in Investor Conference on March 11, 2026

4th March 2026, 8:43 pm

Published by Other Websites

External media mentions & references

Global Tech Rout, AI Race Overshadow Indian Earnings

6th February 2026, 7:18 am

India's Quick Commerce Faces Gig Worker Social Security Reckoning

7th January 2026, 12:47 pm

Updater Services Revenue Up, Profits Plummet 79% on One-Offs
Updater Services Flags ₹230M Provision, Halts Avon Unit Amid Margin Squeeze
Updater Services Mgmt to Attend Investor Summit March 10

News Articles

Editorial & research coverage

Global Tech Rout, AI Race Overshadow Indian Earnings
Global Tech Rout, AI Race Overshadow Indian Earnings

6th February 2026, 7:18 am

India's Quick Commerce Faces Gig Worker Social Security Reckoning
India's Quick Commerce Faces Gig Worker Social Security Reckoning

7th January 2026, 12:47 pm

Updater Services Flags ₹230M Provision, Halts Avon Unit Amid Margin Squeeze
Updater Services Flags ₹230M Provision, Halts Avon Unit Amid Margin Squeeze

Documents

Announcements

Intimation Under Regulation 30 Of SEBI (LODR) Regulations - 2015

30 Dec - Subsidiary Fusion Foods received Rs 1,01,42,848 GST demand (Section 73) dated Dec 29, 2025; legal appeal planned.

Closure of Trading Window
Intimation Under Regulation 30 Of SEBI (LODR) Regulations - 2015

23 Dec - Office of Superintendent Pune issued Sec.74 CGST order for Rs.26,70,360 dated 23-Dec-2025; company to appeal.

Intimation Under Regulation 30 Of SEBI (LODR) Regulations - 2015

23 Dec - Superintendent Pune issued Sec 74 CGST order Rs 18,19,524 dated 23 Dec 2025.

Intimation Under Regulation 30 Of SEBI (LODR) Regulations - 2015

20 Dec - Order dated 20-Dec-2025: CGST demand Rs 11,06,850; company to appeal, expects no material impact.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Credit Ratings

Rating update

25 Jun 2025 from icra

Rating update

21 Mar 2024 from icra

Rating update

30 Dec 2022 from icra

Concalls

Nov 2025

TranscriptPPTRecording

Aug 2025

TranscriptPPT

May 2025

TranscriptPPT

Feb 2025

TranscriptPPT

Nov 2024

TranscriptPPT

Aug 2024

TranscriptPPTRecording

May 2024

TranscriptPPT

Feb 2024

TranscriptPPT

Nov 2023

TranscriptPPT

Stock Analysis

Description

  1. Updater Services Limited is India's second-largest outsourced Integrated Facilities Management (IFM) player, offering IFM and Business Support Services (BSS) across diverse sectors.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. Submission of SEBI compliance certificate for the quarter ended December 31, 2025 (Q3 FY26).

Corporate Announcements

30th Mar 26
Impact Rating: 6
Updater Services Limited has appointed Mr. Amitabh Jaipuria as Senior Executive Director and Whole-time Director, effective April 1, 2026. He previously served as Non-Executive Director.
26th Mar 26
Impact Rating: 3
In compliance with SEBI, Updater Services Limited closes its trading window from April 1, 2026. This restriction lasts until 48 hours post the announcement of its audited financial results for the year ending March 31, 2026.
16th Mar 26
Impact Rating: 7
Updater Services Limited announced Mr. Ram Praveen Radhakrishnan will be its new Group CFO from March 17, 2026. Mr. Surinder Kumar has resigned as interim CFO, effective March 16, 2026, but will continue in other senior finance roles.
5th Mar 26
Impact Rating: 6
Updater Services Limited announced its management will attend a virtual investor summit organized by Arihant Capital Markets on March 10, 2026. The meetings are scheduled for group discussions between 2:00 PM and 3:00 PM.
4th Mar 26
Impact Rating: 5
Updater Services Limited announced its participation in a Mumbai investor conference on March 11, 2026. The company stated that discussions during the 1x1/Group Meetings will strictly cover publicly available information only.