As of 6 Nov 2026, Updater Services trades at 13.8× trailing earnings, below the industry P/E of 16.3×, and the shares are 15% below their 52-week high. Its ROCE of 8.6% is the second-lowest among the 7 largest Specialty Business Services peers, and sales and net profit grew 12% and 34% a year over 3 years. It has almost no debt, and its dividend yield is 2.0%. It is a small-cap company with a market cap of ₹1,379 Cr, ranked 13th of 52 Specialty Business Services companies by market cap; the shares fell 11% over the past year.
- ₹202.65
- ₹205.68
- ₹201.00
- ₹206.40
- 92.9K
Health check
- ReturnsIn line
−10.7% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 13.8 vs industry 16.3.
- GrowthSlow
Sales +11.9%, profit +33.8% a year over 3 years.
- ProfitabilityWeak
ROCE 8.6% vs peer median 16.6%.
- Balance sheetSolid
Practically debt-free, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,379 Cr
- Small cap
- P/E
- 13.8
- Industry 16.3
- Price to book
- 1.23
- Peers 3.73
- Dividend yield
- 1.96%
- ROE
- 9.1%
- Peers 15.5%
- ROCE
- 8.6%
- Peers 16.6%
- Debt to equity
- 0.04
- Debt ₹41 Cr
- EPS (TTM)
- ₹14.82
- Face value ₹10
- OPM (TTM)
- 5.2%
- Net margin 3.2%
- Sales growth
- +11.4%
- Latest quarter vs a year ago
- Profit growth
- +62.2%
- Latest quarter vs a year ago
- Price to sales
- 0.45
- EV/EBITDA 8.2
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 62.2% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Updater Services
Updater Services Limited operates an integrated business services platform in India and internationally. It operates in two segments, Integrated Facilities Management and Business Support Services. The company offers production support services to manufacturing facilities, including material handling and movement, on-site warehouse management, stores and inventory management, production support, and equipment maintenance; engineering services, such as…
- Headquarters
- Chennai
- Employees
- 56,252
- Sector
- Industrials
- ISIN
- INE851I01011
- Website
- uds.in
Price range
- Avg volume (3M)
- 4.6 L
- 1-year return
- minus 10.7%
- From 52-week high
- minus 15.1%
Peers · Specialty Business Services
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BLSBLS International Services | 223.35 | minus 1.55% | 9,192 | 12.9 | 3.73 | 26.1% | 32.7% | 26.4% | 25.5% | 50.7% | 1.14% | minus 29.5% |
| PDSLPDS | 403.90 | plus 0.45% | 5,704 | 48.7 | 3.23 | 16.6% | 6.6% | 2.9% | 6.9% | −25.0% | 0.92% | plus 6.5% |
| FUSIONCXFusion CX | 270.70 | minus 2.70% | 3,908 | 18.1 | 5.52 | 33.0% | 37.0% | 11.9% | 21.0% | 68.1% | 0.00% | minus 6.5% |
| CMSINFOCMS Info Systems | 215.99 | minus 0.62% | 3,457 | 12.2 | 1.46 | 16.2% | 12.9% | 25.0% | 9.1% | 0.7% | 2.31% | minus 40.0% |
| JAYKAYJaykay Enterprises | 201.05 | minus 4.29% | 3,033 | 13.9 | 4.08 | 30.6% | 40.5% | 10.7% | 72.2% | 220.1% | 0.00% | minus 5.0% |
| LORDSMARKLord's Mark Industries | 70.61 | minus 0.51% | 3,012 | 35.1 | 2.85 | 7.0% | 15.5% | 13.2% | 1716.6% | – | 0.00% | minus 88.9% |
| BLSEBLS E-Services | 149.81 | plus 1.81% | 2,719 | 62.2 | 4.90 | 16.3% | 12.6% | 6.7% | 66.3% | 44.9% | 0.33% | plus 45.5% |
| UDSUpdater Services | 204.12 | minus 1.10% | 1,379 | 13.8 | 1.23 | 8.6% | 9.1% | 5.7% | 11.9% | 33.8% | 1.96% | minus 10.7% |
| Median of 7 peers | – | −0.62% | 3,457 | 18.1 | 3.73 | 16.6% | 15.5% | 11.9% | 25.5% | 47.8% | 0.33% | −6.5% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 729 | 767 | 743 | 764 | 812 | |
| 695 | 748 | 694 | 719 | 765 | |
| 33.9 | 18.7 | 49.1 | 45.7 | 47 | |
| 4.6% | 2.4% | 6.6% | 6.0% | 5.8% | |
| 5.5 | 27.4 | 4.1 | 4.5 | 4.9 | |
| 1.6 | 1.5 | 1.6 | 1.4 | 1.1 | |
| 11.9 | 12 | 11.6 | 12.3 | 12.2 | |
| −2.3 | −27.4 | −3.8 | −3.3 | −3.9 | |
| 23.6 | 5.2 | 36.2 | 33.2 | 34.7 | |
| 16.0% | −26.0% | 24.4% | 8.7% | 7.4% | |
| 19.9 | 9.2 | 28 | 29.7 | 32.3 | |
| 2.96 | 1.37 | 4.19 | 4.44 | 4.82 |
Profit & loss
- Sales CAGR 3Y
- +11.9%
- Profit CAGR 3Y
- +33.8%
- EPS CAGR 3Y
- +23.7%
- ROE
- 9.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,099 | 2,444 | 2,736 | 2,940 | |
| – | +16.5% | +11.9% | +7.4% | |
| 1,993 | 2,286 | 2,550 | 2,767 | |
| 106 | 158 | 186 | 172 | |
| 5.0% | 6.5% | 6.8% | 5.9% | |
| 3.8 | 3.9 | 23.4 | 12.3 | |
| 14.5 | 19.3 | 10.2 | 6.5 | |
| 37 | 54 | 47.1 | 46.7 | |
| −3.8 | −4.6 | −7.6 | −35.6 | |
| 54.2 | 84.6 | 145 | 96.1 | |
| 36.1% | 21.7% | 17.8% | 13.8% | |
| 35.8 | 67.9 | 119 | 85.7 | |
| – | +89.9% | +74.8% | minus 27.9% | |
| 6.76 | 11.30 | 17.70 | 12.80 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 53 | 66.9 | 67 | 67 | |
| 328 | 773 | 891 | 985 | |
| 220 | 105 | 102 | 44.9 | |
| 616 | 590 | 527 | 543 | |
| 1,217 | 1,535 | 1,588 | 1,640 | |
| 103 | 120 | 116 | 103 | |
| 1.6 | 13.6 | 2.4 | 0.3 | |
| 9.8 | 10 | 15.5 | 27 | |
| 160 | 365 | 305 | 344 | |
| 943 | 1,026 | 1,149 | 1,166 | |
| 1,217 | 1,535 | 1,588 | 1,640 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 115 | 103 | 50.8 | 144 | |
| −153 | −356 | 18.6 | 22.2 | |
| 95.6 | 223 | −34.5 | −75.9 | |
| 57.4 | −31.1 | 34.9 | 90 | |
| −51.6 | −38.6 | −13.5 | −19.3 | |
| 63.2 | 64.1 | 37.3 | 124 |
Shareholding pattern
- Promoters59.13%
- Public40.87%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 59.13% | 40.87% | plus 0.04 | |
| 30 Jun 2026 | 59.09% | 40.91% | 0.00 | |
| 31 Mar 2026 | 59.09% | 40.91% | 0.00 | |
| 31 Dec 2025 | 59.09% | 40.91% | plus 0.18 | |
| 30 Sep 2025 | 58.91% | 41.09% | – |
Major shareholders
Filings & events
News
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