Is Updater Services a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Updater Services Ltd is a good quality company .

Is Updater Services undervalued or overvalued?

The key valuation ratios of Updater Services Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Updater Services share price return in the past 10 years?

Data is not available for this company

Is Updater Services a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Updater Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Updater Services Ltd - Stock Valuation and Financial Performance

Name: Updater Services
Brand: Updater Services

BSE: 543996 | NSE: UDS | Professional Services | Small Cap

Place order

Updater Services Share Price

₹401.40 3.85 0.97%
as on 21-Nov'24 16:00

10 Year X-Ray of Updater Services:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	58.4%	59.5%	35.6%	24.4%	17%	16.8%	13%	13.5%	11.8%	8.2%	-
Value Creation Index ⓘ	3.2	3.3	1.5	0.7	0.2	0.2	-0.1	0.0	-0.2	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	606	654	663	820	945	1,094	1,005	1,071	1,309	1,417	1,467
Sales YoY Gr.	-	8%	1.4%	23.7%	15.2%	15.8%	-8.1%	6.5%	22.2%	8.3%	-
Adj EPS ⓘ	4.3	4.7	4.5	6.5	5.7	6.2	5.8	7.1	6.1	5.7	7.3
YoY Gr.	-	8.1%	-4.7%	46.7%	-13.3%	8.8%	-5.5%	22.2%	-14.1%	-7.4%	-
BVPS (₹) ⓘ	11.2	12.6	25.5	32.1	37.5	43	47.3	53.9	61	111.8	117.1
Adj Net Profit ⓘ	23.8	25.8	23.5	34.5	29.9	32.5	30.7	37.6	32.3	37.9	49
Cash Flow from Ops. ⓘ	15.1	31.1	4.3	-5.1	11.8	-4.5	112	33.9	16.5	32.9	-
Debt/CF from Ops. ⓘ	0	0.3	0	-3	2.3	-19.8	0.1	1.7	10.7	1.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.9%	8.5%	12.1%	8.3%
Adj EPS ⓘ	3.1%	0%	-0.9%	-7.4%
BVPSⓘ	29.1%	24.4%	33.3%	83.5%
Share Price	-	-	-	47.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	38.2	39.2	23	22.7	16.3	15.2	12.7	13.9	10.5	7	6.4
Op. Profit Mgn % ⓘ	6.9	6.7	6.2	5.1	4.1	4.7	3.9	3.2	2.8	3.2	3.6
Net Profit Mgn % ⓘ	3.9	3.9	3.6	4.2	3.2	3	3.1	3.5	2.5	2.7	3.3
Debt to Equity ⓘ	0	0.1	0	0.1	0.1	0.4	0.1	0.2	0.6	0.1	0
Working Cap Days ⓘ	70	74	87	96	108	117	143	142	122	148	76
Cash Conv. Cycle ⓘ	61	64	69	72	70	66	74	68	66	68	30

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.13%

Return on Equity has declined versus last 3 years average to 6.40%

Net Profit has been subdued in last 3 years -0.92%

Sales growth is not so good in last 4 quarters at 6.03%

Latest Financials - Updater Services Ltd.

	Standalone	Consolidated
TTM EPS (₹)	7.3	15
TTM Sales (₹ Cr.)	1,467	2,600
BVPS (₹.) ⓘ	117.1	133.5
Reserves (₹ Cr.) ⓘ	717	827
P/BV ⓘ	3.39	2.98
PE ⓘ	54.66	26.58

From the Market
52 Week Low / High (₹)	242.60 / 437.95
All Time Low / High (₹)	241.10 / 437.95
Market Cap (₹ Cr.)	2,662
Equity (₹ Cr.)	67
Face Value (₹)	10
Industry PE ⓘ	36.9

Management X-Ray of Updater Services:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Updater Services

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of Updater Services

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	606	654	663	820	945	1,094	1,005	1,071	1,309	1,417
Operating Expenses ⓘ	564	611	622	778	906	1,042	966	1,038	1,272	1,376
Manufacturing Costs	2	2	24	27	1	69	58	63	87	105
Material Costs	0	0	16	11	0	0	0	0	0	0
Employee Cost	507	546	541	690	814	938	888	933	1,143	1,214
Other Costs ⓘ	55	62	41	49	91	35	20	41	41	57
Operating Profit ⓘ	42	44	41	42	39	51	39	33	37	41
Operating Profit Margin (%)	6.8%	6.7%	6.2%	5.1%	4.1%	4.7%	3.9%	3.1%	2.8%	2.9%
Other Income ⓘ	1	2	0	2	2	1	5	14	29	29
Interest ⓘ	1	2	6	2	3	10	6	4	12	14
Depreciation ⓘ	6	4	3	5	7	7	6	6	15	16
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	36	39	32	37	31	36	32	37	38	40
Tax ⓘ	12	13	8	3	2	3	1	0	5	5
Profit After Tax	24	26	24	35	30	33	31	37	32	35
PAT Margin (%)	3.9%	4.0%	3.6%	4.2%	3.2%	3.0%	3.1%	3.5%	2.5%	2.5%
Adjusted EPS (₹)	4.3	4.7	4.5	6.6	5.7	6.2	5.8	7.0	6.1	5.3
Dividend Payout Ratio (%)	84%	58%	1,009%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	62	70	135	169	198	227	250	285	323	749
Share Capital ⓘ	10	10	53	53	53	53	53	53	53	67
Reserves ⓘ	52	60	82	117	145	174	197	232	270	682
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	8	0	15	27	89	11	58	169	50
Long Term Debt	0	0	0	0	0	0	0	0	18	0
Short Term Debt	0	8	0	15	27	89	11	58	151	50
Trade Payables	5	9	16	16	15	21	21	22	29	37
Others Liabilities ⓘ	81	64	67	103	120	173	249	280	358	355
Total Liabilities ⓘ	148	151	218	304	361	509	531	644	878	1,190
Fixed Assets
Gross Block	22	20	26	24	25	30	32	42	65	79
Accumulated Depreciation	15	15	18	12	12	18	23	19	28	42
Net Fixed Assetsⓘ	7	6	8	11	13	12	9	23	36	37
CWIP ⓘ	0	0	0	0	0	0	0	2	0	9
Investmentsⓘ	4	4	7	25	25	93	93	167	378	399
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	118	129	149	209	187	245	206	236	287	313
Cash Equivalents	11	3	27	11	19	7	38	11	33	22
Others Assetsⓘ	9	10	27	48	117	152	185	205	144	410
Total Assets ⓘ	148	151	218	304	361	509	531	644	878	1,190

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	15	31	4	-5	12	-4	112	34	17	33
PBT ⓘ	36	39	32	37	31	36	32	37	38	40
Adjustment ⓘ	7	3	5	6	8	20	13	10	9	28
Changes in Working Capital ⓘ	-16	1	-24	-33	-8	-49	81	-9	-27	-16
Tax Paid ⓘ	-13	-14	-14	-16	-19	-16	-14	-4	-3	-19
Cash Flow From Investing Activity ⓘ	-3	-3	-7	-25	-21	-49	-17	-92	-101	-298
Capex	-3	-3	-5	-8	-8	-6	-2	-32	-14	-24
Net Investments	0	0	1	0	0	9	-15	12	0	-222
Others ⓘ	1	1	-3	-17	-13	-52	-1	-71	-87	-52
Cash Flow From Financing Activityⓘ	-9	-36	27	14	9	54	-80	39	107	243
Net Proceeds from Shares ⓘ	0	0	99	0	0	0	0	0	0	640
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	26	-26
Interest Paid ⓘ	-1	-2	-6	-1	-3	-7	-2	-7	-11	-14
Dividend Paid ⓘ	-8	-42	0	0	0	0	0	0	0	0
Others ⓘ	0	8	-66	15	12	61	-78	46	92	-357
Net Cash Flow ⓘ	4	-8	25	-17	-1	0	14	-19	22	-22

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	38.16	39.3	23.03	22.73	16.28	15.31	12.94	13.83	10.67	6.59
ROCE (%)	58.42	59.48	35.56	24.38	17	16.77	13.04	13.5	11.83	8.21
Asset Turnover Ratio	4.41	4.37	3.59	3.14	2.84	2.51	1.93	1.82	1.72	1.37
PAT to CFO Conversion(x)	0.63	1.19	0.17	-0.14	0.4	-0.12	3.61	0.92	0.53	0.94
Working Capital Days
Receivable Days	64	69	77	80	77	72	82	75	73	77
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	292	524	0	0	0	0	0	0

Updater Services Ltd Stock News

Updater Services Ltd FAQs

What is the share price of Updater Services?

Company share prices are keep on changing according to the market conditions. The closing price of Updater Services on 21-Nov-2024 16:00 is ₹401.4.

What is the market cap of Updater Services?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:00 the market cap of Updater Services stood at ₹2,661.5.

What is the P/E ratio of Updater Services?

The latest P/E ratio of Updater Services as of 21-Nov-2024 16:00 is 54.66.

What is the P/B ratio of Updater Services?

The latest P/B ratio of Updater Services as of 21-Nov-2024 16:00 is 3.39.

What is the 52-week high and low of Updater Services?

The 52-week high of Updater Services is ₹437.9 and the 52-week low is ₹242.6.

What is the TTM revenue of Updater Services?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Updater Services is ₹1,467 ( Cr.) .

About Updater Services Ltd

Updater Services was incorporated in Chennai, Tamil Nadu as ‘Updater Services Private Limited’ pursuant to a certificate of incorporation dated November 13, 2003 issued by the RoC, upon the conversion of ‘Updater Services’, a partnership firm, into a private limited company, in accordance with the provisions of Part IX of the Companies Act, 1956. Thereafter, the company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on February 22, 2022, and consequently, the name of the company was changed to ‘Updater Services Limited’, and a fresh certificate of incorporation dated March 24, 2022 was issued to the Company by the RoC.

Updater Services is a leading, focused, and integrated business services platform in India offering integrated facilities management (IFM) services and business support services (BSS) to its customers, with a Pan-India presence. The company is the second largest player in the IFM market in India and have the widest service offering in the industry, making it a unique and differentiated player in the market. Within its BSS segment, it offers Audit and Assurance services through its Subsidiary, Matrix and according to F&S Report, Matrix is a leading Audit and Assurance company for dealer / distributor audits, and retail audits and its strong branch reach and field associate reach has driven the company to reach the top spot in India, with a market share of 19.2% in the Financial Year ended March 31, 2023.

The company also offers employee background verification check services through Matrix and in this segment, Matrix is the third largest company in India with a share of 5.40% in the Financial Year ended March 31, 2023. In addition, the company provides sales enablement services through its Subsidiaries Denave and Athena and as per the F&S Report, Denave is the largest player in this segment with a market share of 20.1% in India in the Financial Year ended March 31, 2023. In addition, the company offers mailroom management services through its Subsidiary, Avon which is a market leader in India with a share of 11.1% in the mailroom management services market in the Financial Year ended March 31, 2023.

Business area of the company

Updater Services is a leading, focused and integrated business services platform in India offering Integrated Facilities Management services and Business Support Services to its customers, with a Pan-India presence.

Awards, accreditations or recognitions

2003: The Company was registered by BVQI as conforming to the requirements of ISO 9001:2000
2013: Harit Ratna Award by Youth ExNoRa International and US Consulate General on the occasion of world environment day 2013.
2013: Engineering service provider of the year - Terminal awarded by Delhi International Airport Limited
2014: The Company was registered by Intertek as conforming to the requirements of OHSAS 18001:2007.
2016: Certificate of Excellence in the category of engineering service provider of the year - Terminal at GMR - IGI airport awards 2016.
2016: Awarded the ‘Best Contractor’ by Hyundai
2017: Second prize at Confederation of Indian Industry - National 5S Excellence Awards 2017 (Service Industry)
2018: The Company was registered by Intertek as conforming to the requirements of ISO 14001:2015.
2019: Certified as a premium member of the British Safety Council.
2021: The Company was provided certificate number ‘IS 742721’ by BSI Assurance UK Limited as it complies with the requirements of ISO/IEC 27001:2013.
2021: The Company was provided certificate number ‘AMS 726997’ by BSI Assurance UK Limited as it complies with the requirements of ISO 55001:2014.
2021: Certificate of appreciation awarded by CapitaLand India for the dedicated support for the operation of ITPC during the pandemic period.
2021: The Company was awarded the honour of excellence by Saint-Gobain for the Company’s continued support to its glass business operations through the pandemic years 2020 and 2021.
2021: The Company was provided certificate number ‘FMMSS 742721’ by BSI Assurance UK Limited as it complies with the requirements of ISO 41001:2018.
2022: Awarded the 2022 India Notable Supplier Award at the Bosch India Regional 2022: Supplier Awards 2022 in the material field category for facility management.
2022: The Company was assessed by Euro Assessments & Certification Ltd and was found compliant with the requirements of SA 8000:2014.
2022: A certificate of appreciation presented to the Company for outstanding support and service by Yusen Logistics (India) Private Limited.
2022: Its Subsidiary, Matrix India, was recognised as ‘Partner of the Year 2022’ by P&G at their headquarters in Cincinnati, USA.
2022: Its Subsidiary, Denave, was awarded the digital agency of the year by CMO Asia.
2022: Its Subsidiary, Denave, was awarded the demand generation agency of the year by CMO Asia.
2022: Its Subsidiary, Denave, was awarded the sales enablement company of the year by CMO Asia.
2023: Recognised for the unwavering support provided to Expeditors and its customers
2023: Its Subsidiary, Denave, was recognized by Entrepreneur India for ‘Best Use of SEO Idea’ at the Indian Digital Enabler Awards
2023: The Company was registered by Intertek as conforming to the requirements of ISO 45001:2018.
2023: Its Subsidiary, Denave, recognized as a ‘Great Place to Work’ by the Great Place to Work Institute.

History and milestones

1990: The Company was founded as a partnership firm between Raghunandana Tangirala and K. Hariharan for undertaking catering contracts, housekeeping and maintenance contracts, manpower hiring contracts and other allied activities.
2000: Reconstitution of its partnership firm to admit, Shanthi Tangirala, as a partner.
2002: Entered into an agreement with Saint-Gobain Glass India Private Limited for providing operations services.
2003: Conversion from partnership firm to a private limited company
2006: Total revenue of the company crossed Rs 500 million for the Financial Year ended March 31, 2006.
2006: Acquisition of 51% shareholding in Avon Solutions and Logistics Private Limited, a mail room management company with a pan India presence.
2010: Entered into an agreement with one of largest private airports in India.
2014: Entered into an agreement for facility management services with a hospital.
2014: Obtained a rating from a credit rating agency.
2015: Total revenue of the company crossed Rs 5,000.00 million for the Financial Year ended March 31, 2015.
2016: Entered into an agreement for providing facility management services for a metro rail.
2017: Acquisition of 100% shareholding in Stanworth Management Private Limited.
2017: Acquisition of 65% shareholding in Fusion Foods and Catering Private Limited, which is engaged in hospitality and industrial catering.
2018: Entered into an agreement for providing and managing the human resource services at a hospital in Ahmedabad.
2018: Acquisition of 70% stake in Global Flight Handling Services Private Limited.
2019: Rolling out Employee Stock Option Plan for its employees.
2019: Entered into an agreement with a large conglomerate for property and facility management services at Sardar Vallabhbhai Patel - Statue of Unity
2019: Total revenue of the company crossed Rs 10,000.00 million for the Financial Year ended March 31, 2020.
2019: Appointed as facility manager to manage the operation and management of three railway stations.
2019: Acquisition of 75% shareholding in Matrix Business Services India Private Limited.
2019: Acquisition of 76% shareholding in Washroom Hygiene Concepts Private Limited.
2020: Entered into an agreement for operation and maintenance of liquid terminal at Kattupali Port.
2020: Entered into an agreement with one of the leading medical education and research institute in Pondicherry.
2022: Acquisition of 57% shareholding in Athena BPO Private Limited.
2023: Total revenue of the Company crossed Rs 20,000.00 million for the Financial Year ended March 31, 2023.