Updater Services Ltd

Updater Services Ltd

₹ 404 -1.34%
04 Dec 2:07 p.m.
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

Overview[1]
The company is an Integrated Business Services Platform - Unique mix of businesses transforming from only IFM to integrated platform with BSS. The company transformed into an integrated business services platform offering IFM services and BSS led through
strategic acquisitions and Organic Growth with pan-India presence.

  • Market Cap 2,702 Cr.
  • Current Price 404
  • High / Low 439 / 243
  • Stock P/E 55.5
  • Book Value 117
  • Dividend Yield 0.00 %
  • ROCE 8.72 %
  • ROE 7.12 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.49 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.45% over past five years.
  • Company has a low return on equity of 10.0% over last 3 years.
  • Earnings include an other income of Rs.26.8 Cr.
  • Working capital days have increased from 35.8 days to 67.3 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
336 343 342 352 347 350 369 366 382
313 338 332 338 341 344 355 352 363
Operating Profit 24 5 11 13 6 6 14 14 19
OPM % 7% 1% 3% 4% 2% 2% 4% 4% 5%
2 4 1 1 14 10 6 6 6
Interest 3 3 5 5 5 3 1 2 2
Depreciation 3 4 5 4 4 5 2 2 3
Profit before tax 19 2 1 6 10 9 16 15 20
Tax % 7% 185% -29% 4% 20% 10% 9% 31% 18%
18 -2 2 5 8 8 14 10 16
EPS in Rs 1.19 1.17 2.12 1.56 2.43
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
818 945 1,094 1,005 1,071 1,309 1,417 1,467
777 906 1,042 966 1,033 1,271 1,372 1,414
Operating Profit 41 39 51 39 38 37 45 53
OPM % 5% 4% 5% 4% 4% 3% 3% 4%
3 2 1 5 9 28 24 27
Interest 1 3 10 6 4 12 14 8
Depreciation 5 7 7 6 6 15 16 12
Profit before tax 37 31 36 32 37 38 40 59
Tax % 7% 5% 9% 3% -1% 14% 12%
34 30 33 31 37 32 35 49
EPS in Rs 5.27 7.28
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 12%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: 5%
3 Years: 8%
TTM: 261%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 50%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 10%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 53 53 53 53 53 53 67 67
Reserves 114 145 178 200 236 275 689 717
15 27 89 11 58 181 55 112
138 160 214 224 264 405 413 345
Total Liabilities 321 385 533 489 611 914 1,223 1,240
11 13 12 9 23 36 37 83
CWIP 0 0 0 0 2 0 9 0
Investments 25 25 93 93 167 378 399 377
285 347 428 387 419 499 777 780
Total Assets 321 385 533 489 611 914 1,223 1,240

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-3 -4 112 34 17 33
-29 -49 -17 -92 -101 -298
14 54 -80 39 107 243
Net Cash Flow -19 0 14 -19 22 -22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 70 72 82 75 81 80 80
Inventory Days
Days Payable
Cash Conversion Cycle 70 72 82 75 81 80 80
Working Capital Days 53 56 57 25 26 14 67
ROCE % 17% 17% 13% 15% 12% 9%

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.47% 58.73% 58.64% 58.88% 58.88%
12.16% 7.26% 5.05% 3.86% 3.54%
12.38% 15.26% 14.00% 13.49% 15.26%
16.99% 18.75% 22.31% 23.75% 22.31%
No. of Shareholders 44,52019,43023,86527,25835,089

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents