Updater Services Limited (UDS) AI Stock Analysis

• Market Cap: ₹15.51B
• Dividend Yield: N/A
• Average Volume (3M): 16.61K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.76
• Revenue Growth: 8.98%
• EPS Growth: 13.54%
• Country: IN
• Employees: N/A
• Sector: Services
• Sector Strength: N/A
• Industry: Specialty Business Services
• EPS (TTM): 2.97
• Shares Outstanding: 66,953,240
• 10 Day Avg. Volume: 12,585
• 30 Day Avg. Volume: 16,607
• PEG Ratio: 0.29
• Price to Book (P/B): 2.04
• Price to Sales (P/S): 0.72
• P/FCF Ratio: 52.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹217.00 ▲(7.88% Upside)

Updater Services Limited's overall stock score reflects its strong financial performance and reasonable valuation. However, bearish technical indicators suggest potential short-term challenges. The absence of earnings call data and corporate events limits additional insights.

Updater Services Limited Business Overview & Revenue Model

Company Description

Updater Services Limited, an integrated business services platform, provides integrated facilities management (IFM) and business support services (BSS) in India. It operates through two segments, IFM & Other Services; and BSS. The company's IFM & Other Services segments provides soft services, such as housekeeping and cleaning, disinfecting and sanitizing, pest control, horticulture, and facade cleaning services; production support services to manufacturing facilities, including material handling, material movement, on-site warehouse management, stores and inventory management, production support, and equipment maintenance; engineering services, such as mechanical, electrical, and plumbing; and washroom and feminine hygiene care solutions. This segment also provides other services, such as warehouse management, general staffing, and institutional catering services. The company's BSS segment provides sales enablement, employee background verification check, audit and assurance, airport ground handling, and mailroom management and niche logistics services. It serves customers in a range of sectors, including FMCG, manufacturing and engineering, banking, financial services, and insurance, healthcare, information technology/information technology enabled services, automobiles, logistics and warehousing, airports, ports, infrastructure, retail, and others. The company was founded in 1985 and is based in Chennai, India.

How the Company Makes Money

Updater Services Limited generates revenue primarily through subscription fees from users accessing its platform and services. The company offers various tiered plans that cater to both individual consumers and enterprise clients, allowing them to utilize UDS's comprehensive moving solutions. Additionally, UDS partners with utility companies, real estate firms, and moving service providers, earning referral fees and commissions for facilitating connections between customers and these service providers. These strategic partnerships not only enhance UDS's service offerings but also contribute significantly to its revenue streams.

Updater Services Limited Financial Statement Overview

Summary

Updater Services Limited demonstrates strong financial performance with impressive revenue and profit growth, robust margins, and a solid balance sheet characterized by low leverage and high equity. However, there is room to enhance cash flow efficiency.

Income Statement

Updater Services Limited has shown strong revenue growth over the past few years, with the most recent annual growth rate at 11.95%. The gross profit margin is exceptionally high at 96.67% for the latest period, indicating effective cost management. The net profit margin has improved significantly to 4.34%, reflecting enhanced profitability. EBIT and EBITDA margins are also robust at 4.84% and 7.39%, respectively, showcasing operational efficiency. Overall, the income statement reflects a strong upward trajectory in revenue and profitability.

Balance Sheet

The company's balance sheet indicates a healthy financial position with a low debt-to-equity ratio of 0.11, suggesting low leverage and reduced financial risk. The return on equity (ROE) has improved to 12.40%, indicating efficient use of equity capital. The equity ratio is solid at 60.36%, reflecting strong shareholder equity relative to total assets. However, the decline in total liabilities over the years reflects prudent financial management. Overall, the balance sheet reveals strong financial stability with low leverage.

Cash Flow

The cash flow statement shows positive trends, with free cash flow growth of 6.90% in the latest period, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 0.43, which is relatively low, suggesting room for improvement in operational cash generation. The free cash flow to net income ratio is 0.31, indicating a moderate conversion of income to cash. Overall, while cash flows are positive, there is potential for better cash conversion efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	27.84B	27.36B	24.44B	20.99B	14.84B	12.10B
Gross Profit	26.93B	26.45B	23.18B	2.77B	2.22B	1.46B
EBITDA	1.99B	2.02B	1.58B	1.06B	924.82M	723.83M
Net Income	1.22B	1.19B	679.46M	357.86M	552.91M	450.34M
Balance Sheet
Total Assets	0.00	15.88B	15.35B	12.17B	8.75B	5.79B
Cash, Cash Equivalents and Short-Term Investments	2.61B	3.05B	3.65B	1.60B	646.67M	512.72M
Total Debt	0.00	1.02B	1.05B	2.20B	713.16M	161.04M
Total Liabilities	-9.65B	6.23B	6.89B	8.29B	5.29B	2.87B
Stockholders Equity	9.65B	9.58B	8.40B	3.81B	3.40B	2.85B
Cash Flow
Free Cash Flow	0.00	373.04M	640.89M	632.26M	175.65M	1.24B
Operating Cash Flow	0.00	508.36M	1.03B	1.15B	310.69M	1.28B
Investing Cash Flow	0.00	185.54M	-3.56B	-1.53B	-471.55M	-165.48M
Financing Cash Flow	0.00	-345.08M	2.23B	955.81M	287.89M	-846.63M

Updater Services Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 201.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UDS, the sentiment is Negative. The current price of 201.15 is below the 20-day moving average (MA) of 231.74, below the 50-day MA of 243.74, and below the 200-day MA of 285.24, indicating a bearish trend. The MACD of -8.27 indicates Positive momentum. The RSI at 24.17 is Positive, neither overbought nor oversold. The STOCH value of 9.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:UDS.

Updater Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACCELYA	75 Outperform	₹20.70B	16.05	―	6.75%	5.26%	33.11%
EXPLEOSOL	73 Outperform	₹15.43B	15.47	―	5.11%	4.07%	5.96%
UDS	64 Neutral	₹15.51B	12.71	―	―	8.98%	13.54%
MAHLOG	62 Neutral	₹34.07B	-75.26	―	0.66%	11.82%	28.42%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SPMLINFRA	52 Neutral	₹15.74B	33.24	―	―	-38.70%	527.14%

Updater Services Limited Corporate Events

Updater Services Limited Publishes Financial Results for September 2025

Updater Services Limited has announced the publication of its un-audited standalone and consolidated financial results for the quarter and half year ending September 30, 2025. These results have been published in the Financial Express and Makkal Kural newspapers, reflecting the company’s commitment to transparency and compliance with SEBI regulations. This announcement is significant as it underscores the company’s adherence to regulatory requirements and its ongoing efforts to maintain transparency with stakeholders.

Updater Services Limited Reports Q2 2025 Financial Results Amid Subsidiary Investigation

Updater Services Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. The board meeting, held on November 5, 2025, highlighted the company’s ongoing financial performance and compliance with SEBI regulations. Notably, the company is addressing alleged irregularities in its subsidiary, Avon Solutions & Logistics Private Limited, which may impact financial adjustments pending further investigation.

Updater Services Limited Reports Q2 2025 Financial Results Amid Subsidiary Investigation

Updater Services Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. The announcement, made during a board meeting, highlighted the company’s adherence to SEBI regulations by publishing these results in English and Tamil newspapers and on its website. However, the company is facing potential challenges due to alleged irregularities in transactions involving its subsidiary, Avon Solutions & Logistics Private Limited, which are currently under investigation.

Updater Services Limited Appoints New Internal Auditor

Updater Services Limited has appointed M/s. R.G.N. Price & Co. as its internal auditors for the period from July 1, 2025, to March 31, 2026. This appointment is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision to appoint R.G.N. Price & Co., a well-established firm with over 75 years of experience in audit and consultancy services, is expected to enhance the company’s internal audit functions and ensure robust financial compliance.

Updater Services Initiates Investigation into Subsidiary’s Financial Irregularities

Updater Services Limited has announced an investigation into potential irregularities involving trade receivables and payables related to its subsidiary, Avon Solutions & Logistics Private Limited. The management has already made a preliminary assessment, recording a provision for doubtful recovery of INR 30 million, but the full impact on financial results remains uncertain pending the investigation’s completion.

Updater Services Limited Confirms Regulatory Compliance for Q3 2025

Updater Services Limited has announced compliance with Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018, for the quarter ending September 30, 2025. The company confirmed that securities received for dematerialization during this period were processed appropriately, ensuring alignment with regulatory requirements. This announcement underscores the company’s commitment to maintaining regulatory compliance and transparency, which is crucial for its stakeholders and market positioning.