Updater Services Limited (IN:UDS)
:UDS
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Updater Services Limited
(UDS)
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Rating:63Neutral
Price Target:
₹161.00
▼(-12.09% Downside)
Action:ReiteratedDate:12/03/25
Updater Services Limited's strong financial performance is a key strength, with robust revenue growth and solid margins. However, the technical analysis indicates bearish momentum, which is a significant risk factor. The valuation is reasonable, but the lack of a dividend yield may deter some investors. Overall, the stock presents a mixed outlook with strong fundamentals but current negative market sentiment.
Positive Factors
Revenue & margin momentum
Consistent revenue growth near double digits combined with an extremely high gross margin and improving EBIT/EBITDA margins indicate durable operating leverage. For a contract services firm, this suggests scalable pricing and cost control that can sustain profit expansion as contracts and site coverage grow.
Negative Factors
Weak cash conversion
Lower-than-ideal conversion of accounting profits into operating and free cash (0.43 and 0.31) indicates working capital or timing issues. Persistently weak cash conversion can constrain reinvestment, slow deleveraging, and limit shareholder returns despite reported profits, creating structural funding risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & margin momentum
Consistent revenue growth near double digits combined with an extremely high gross margin and improving EBIT/EBITDA margins indicate durable operating leverage. For a contract services firm, this suggests scalable pricing and cost control that can sustain profit expansion as contracts and site coverage grow.
Read all positive factors
Updater Services Limited (UDS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.10B
Dividend YieldN/A
Average Volume (3M)16.61K
Price to Earnings (P/E)35.4
Beta (1Y)1.00
Revenue Growth8.98%
EPS Growth13.54%
CountryIN
Employees51,813
SectorServices
Sector StrengthN/A
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)1.37
Shares Outstanding66,953,240
10 Day Avg. Volume12,585
30 Day Avg. Volume16,607
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)2.04
Price to Sales (P/S)0.72
P/FCF Ratio52.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)23.8
Revenue Forecast (FY)₹33.34B
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 & ...
How the Company Makes Money
UDS primarily makes money by providing outsourced, contract-based services to enterprise customers and charging fees for delivering those services. Key revenue streams typically include (1) service fees for integrated facility management/soft serv...
Updater Services Limited Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
76
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.33B | 27.36B | 24.44B | 20.99B | 14.84B | 12.10B |
| Gross Profit | 27.39B | 26.45B | 23.18B | 2.77B | 2.22B | 1.46B |
| EBITDA | 1.86B | 2.02B | 1.58B | 1.06B | 924.82M | 723.83M |
| Net Income | 1.14B | 1.19B | 679.46M | 357.86M | 552.91M | 450.34M |
Balance Sheet | ||||||
| Total Assets | 15.91B | 15.88B | 15.35B | 12.17B | 8.75B | 5.79B |
| Cash, Cash Equivalents and Short-Term Investments | 2.75B | 3.05B | 3.65B | 1.60B | 646.67M | 512.72M |
| Total Debt | 506.56M | 1.02B | 1.05B | 2.20B | 713.16M | 161.04M |
| Total Liabilities | 5.74B | 6.23B | 6.89B | 8.29B | 5.29B | 2.87B |
| Stockholders Equity | 10.09B | 9.58B | 8.40B | 3.81B | 3.40B | 2.85B |
Cash Flow | ||||||
| Free Cash Flow | 244.59M | 373.04M | 640.89M | 632.26M | 175.65M | 1.24B |
| Operating Cash Flow | 333.28M | 508.36M | 1.03B | 1.15B | 310.69M | 1.28B |
| Investing Cash Flow | 60.26M | 185.54M | -3.56B | -1.53B | -471.55M | -165.48M |
| Financing Cash Flow | -617.19M | -345.08M | 2.23B | 955.81M | 287.89M | -846.63M |
Updater Services Limited Technical Analysis
Neutral
183.15
Price Trends
150.90
Positive
165.87
Negative
212.41
Negative
Market Momentum
-0.89
Negative
53.53
Neutral
83.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UDS, the sentiment is Neutral. The current price of 183.15 is above the 20-day moving average (MA) of 142.20, above the 50-day MA of 150.90, and below the 200-day MA of 212.41, indicating a neutral trend. The MACD of -0.89 indicates Negative momentum. The RSI at 53.53 is Neutral, neither overbought nor oversold. The STOCH value of 83.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:UDS.
Updater Services Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹16.98B | 35.03 | ― | 6.93% | 5.26% | 33.11% | |
71 Outperform | ₹11.75B | 23.39 | ― | 4.95% | 3.80% | -4.66% | |
63 Neutral | ₹10.10B | 35.45 | ― | ― | 8.98% | 13.54% | |
60 Neutral | ₹38.58B | 239.85 | ― | 0.69% | 11.82% | 28.42% | |
58 Neutral | ₹14.27B | 17.55 | ― | ― | -35.16% | 115.70% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:UDS
Updater Services Limited
150.90
-141.25
-48.35%
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-56.15
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IN:SPMLINFRA
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189.15
-23.55
-11.07%
Updater Services Limited Corporate Events
Updater Services Confirms SEBI Compliance on Depository Processes for March 2026 Quarter
Apr 9, 2026
Updater Services Limited has reported that it has complied with Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018 for the quarter ended March 31, 2026, supported by a formal certificate from its registrar and share trans...
Updater Services Releases Investor Presentation on Q3 and Nine-Month FY2025 Results
Feb 6, 2026
Updater Services Limited has announced that its Board of Directors has approved the standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025. In conjunction with this, the company has released...
Updater Services Subsidiary Denave Names Sunil Munshi as New CEO in Planned Succession Move
Feb 5, 2026
Updater Services Limited has announced a leadership transition at its material subsidiary Denave India Private Limited, with the board noting the appointment of industry veteran Sunil Munshi as Chief Executive Officer effective from the close of b...
Updater Services Wins Appeal as GST Demand of Rs 4.69 Crore Set Aside
Feb 4, 2026
Updater Services Limited has informed the stock exchanges that the Joint Commissioner (St), Appeals, Chennai has passed an order dated 3 February 2026 dropping an earlier demand raised by the GST Department. Following submissions and documentary e...
Updater Services Challenges Rs 65 Lakh CGST Demand, Sees No Material Financial Hit
Jan 25, 2026
Updater Services Limited has disclosed that it has received an order from the Office of the Commercial Tax Officer in Chennai under Section 74 of the CGST Act, 2017, demanding Rs 65.39 lakh relating to input tax credit reversal on exempt supplies,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.