UDS · Updater Services Ltd · Business Services
UDS · Updater Services Ltd · Business Services
As of 06 Nov close
52-week range
15.1% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹764 Cr
Revenue YoY
PAT YoY
+4.0%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.6
P/S (TTM)
0.5
Sector P/E
Not available from data source
Dividend yield
+0.5%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| UDS (this stock) | 14.5 | 1.6 | +2.9% | +8.3% | 0.04 | +0.5% |
| Delhivery | 374.4 | 4.4 | +0.8% | +1.0% | 0.15 | 0.0% |
| Urban Company | Not available from data source | 11.5 | -19.4% | -15.6% | 0.06 | 0.0% |
| Indegene | 31.4 | 9 | +10.5% | +12.8% | 0.05 | +0.4% |
Promoter
stable
FII
falling 1q
MF
8.58% (-3.58pp)
falling 1q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 17 Sept 2026 | Raghunandana Tangirala | BUY | 26,000 | ₹48.85 lakh |
| 30 Jun 2026 | Anjan Sarma | SELL | 23,44,025 | ₹0 |
| 30 Jun 2026 | Tangirala Venkata Subbiah Sarma | BUY | 23,44,025 | ₹0 |
| 30 Jun 2026 | Anjan Sarma | SELL | 23,44,025 | ₹0 |
| 30 Jun 2026 | Tangirala Venkata Subbiah Sarma | BUY | 23,44,025 | ₹0 |
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| UDS | 2026-11-02 | 1083090 | 3 | WEAK | BULK |
| UDS | 2026-09-03 | 1012731 | 1 | STRONG | BULK |
| UDS | 2026-08-19 | 525000 | 1 | STRONG | BULK |
| UDS | 2026-07-17 | 653960 | 1 | STRONG | BULK |
| UDS | 2026-06-05 | 2263000 | 1 | STRONG | BULK |
| UDS | 2026-05-07 | 379862 | 1 | STRONG | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Updater Services Limited reported a 9% year-on-year revenue growth for Q1 FY '27, reaching INR764 crores, driven by strong performance in both the Integrated Facility Management (IFM) and Business Support Services (BSS) segments. The IFM segment grew by 11% to INR525 crores, benefiting from new client additions and increased demand for comprehensive workplace solutions. The BSS segment saw a 7% increase to INR253 crores, with notable growth in the sales enablement business under Denave, which reported an 18% rise in revenue. Management highlighted the importance of technology in enhancing operational efficiency and client engagement. An interim dividend of INR1 was approved, reflecting the company's commitment to capital allocation and shareholder returns. The management expressed confidence in sustaining growth amid favorable industry trends and a robust balance sheet.
Management emphasized strong growth and operational improvements across segments.
Sourced from an exchange-filed transcript, dated 06 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Updater Services Limited reported its standalone and consolidated un-audited financial results for the quarter ended June 30, 2026. The company achieved a revenue of ₹7,643 million, reflecting a 9% year-over-year growth. EBITDA stood at ₹423 million with a margin of 5.5%, while profit after tax (PAT) was ₹303 million, marking a 4% increase from the previous year. The Integrated Facility Management (IFM) segment experienced its highest quarterly revenue, driven by new client acquisitions and strategic contract ramp-ups. However, margins were affected by a shift in business mix and rising employee costs, prompting management to consider AI and automation for cost rationalization. The Board approved an interim dividend of Re. 1, underscoring a commitment to shareholder returns. The presentation highlighted the company's focus on technology investments and a strong customer retention rate of 95%.
The document presented a balanced view of financial performance and strategic initiatives.
Sourced from an exchange-filed presentation, dated 30 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Updater Services Limited (UDS) held its earnings conference call on May 29, 2026, to discuss the financial results for the quarter and fiscal year ending March 31, 2026. Management reported a challenging year, with revenue growth of approximately 7% year-on-year, despite facing external and internal challenges. The company addressed issues related to its subsidiary Avon, which took provisions for receivables but maintained operational stability. The integrated facilities management (IFM) segment showed resilience, contributing 67% of total revenue, while the business support services (BSS) segment remained flat year-on-year. Management highlighted a strategic focus on improving profitability, operational efficiency, and technology integration. They expressed confidence in capturing growth opportunities driven by regulatory changes and increasing outsourcing. The call concluded with management emphasizing their commitment to sustainable growth and capital discipline, while also discussing cash utilization for acquisitions and shareholder rewards.
Management reported both challenges and areas of resilience in the business.
Sourced from an exchange-filed transcript, dated 04 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Updater Services Limited reported its Standalone and Consolidated Audited Financial Results for the quarter and financial year ended March 31, 2026. The company achieved total revenue of ₹29,602 million, reflecting a 7% increase from the previous year. Adjusted EBITDA was ₹1,759 million, with an adjusted EBITDA margin of 5.9%. Profit After Tax (PAT) stood at ₹828 million, a decrease of 30% year-on-year. The Integrated Facility Management (IFM) segment delivered record annual revenue, driven by new client additions. However, margins were impacted by strategic decisions to undertake higher volume contracts and transitory factors. The Business Support Services (BSS) segment saw a strong margin recovery in Q4 FY26. The company maintained a net cash position with a net debt to equity ratio of -0.24X. Management highlighted ongoing investments in technology and AI-led solutions to enhance efficiency and scalability.
The presentation included both positive growth highlights and challenges related to profitability.
Sourced from an exchange-filed presentation, dated 28 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Updater Services Limited held its earnings conference call on February 6, 2026, to discuss the financial results for the quarter and nine months ended December 31, 2025. Management reported a total provision of approximately INR 230 million related to receivables from its subsidiary Avon, which has halted its logistics operations but continues to perform in mailroom management. The IFM segment showed a 14% year-on-year revenue growth, reaching a quarterly run rate of INR 5,182 million. Management highlighted the positive impact of new Labour Codes on the organized sector and reported plans for a 10-12% revenue growth in IFM. The BSS segment faced challenges but is transitioning to technology-led services. Overall, management expressed confidence in the company's ability to navigate current challenges and achieve steady growth, while also considering value-accretive acquisitions. EBITDA margins were reported at approximately 5.8%.
The document presented both positive growth metrics and challenges faced by the company.
Sourced from an exchange-filed transcript, dated 11 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Updater Services Limited reported its standalone and consolidated un-audited financial results for the quarter and nine months ended December 31, 2025. The company achieved a total revenue of ₹22,106 million for the nine-month period, reflecting an 8% increase year-over-year. Adjusted EBITDA was ₹1,277 million, with an adjusted EBITDA margin of 5.8%. Profit after tax (PAT) for the nine months was ₹554 million, down 35% from the previous year. The presentation highlighted that Integrated Facility Management (IFM) revenues reached their highest-ever quarterly run rate, driven by new client additions. However, margins were impacted by transitory factors, including upfront costs on new contracts. The company emphasized its commitment to investing in technology and AI-led solutions to enhance efficiency and scalability. Additionally, structural tailwinds from labor code formalization were noted as favorable for organized players like UDS.
The presentation provided a balanced overview of financial performance and strategic initiatives.
Sourced from an exchange-filed presentation, dated 06 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedUpdater Services Limited (UDS) reported an unutilised IPO fund balance of ₹1.14 million as of March 31, 2026, carried forward per Board decision. The company faced audit trail configuration issues in its accounting software (including database layers and privileged user debug access), which are being addressed with corrective controls. Significant outstanding obligations and disputed statutory dues exist, including ₹87.26 million in Labour Welfare Fund (LWF) arrears and ₹193.18 million in disputed Goods and Services Tax (GST) liabilities pending appellate decisions. UDS also disclosed contingent liabilities from corporate guarantees amounting to ₹265 million alongside a ₹410.72 million income tax demand under dispute. The company maintains clear operations with no defaults on borrowings or active insolvency proceedings.
- IPO Balance: Unutilised IPO fund balance of ₹1.14 million as of March 31, 2026, held in a monitoring account.
- Audit Trail: Software logging gaps identified for application/database fields and privileged users, now being mitigated via enhanced review mechanisms.
- Statutory Dues: Outstanding statutory friction includes ₹87.26 million in long-overdue LWF employee transfers and over ₹193 million in disputed GST appeals.
- Contingent Risks: Corporate guarantees backing bank loans for its Global Flight handling subsidiary amount to ₹265 million.
- Insolvency Status: No active material governance defaults, bankruptcy filings, or structural legal halts reported.
Key takeaway: UDS maintains steady business continuity and financial structure with zero debt defaults, but faces substantial legal-statutory disputes totaling hundreds of millions of rupees and ongoing tech-compliance remediation regarding its financial data audit trails.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item); Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
Athena BPO Private Limited received a show cause notice under Maharashtra Goods and Service Tax Act, 2017 demanding INR 31.70 million for AY 20-21, including INR 15.23 million for non-submission of proof of sales to Karnataka branch.
Default / Covenant Breach
1 occurrenceRecent (last 12 months)
The company has statutory dues in arrears for more than six months as of 31 March 2026, including unpaid professional tax and GST dues with disputes pending in various forums.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The Gujarat Panchayats and Municipal Corporations has made a claim against the Company for INR 5.61 million in respect of professional tax. The Company has filed an appeal and deposited the amount under protest, with a favourable order received during the year, resulting in no provision required as of March 31, 2026.
Earlier (1-3 years ago)
Matrix Business Services India Private Limited has a contingent liability related to Provident Fund contributions on employee allowances, as per the Supreme Court ruling dated February 28, 2019, with INR 3.20 million claimed against the Holding Company in Labour court by ex-employees.
Related-Party Transaction
1 occurrenceRecent (last 12 months)
The company has issued guarantees to banks on behalf of related parties, including Global Flight Handling Services Private Limited, Fusion Foods and Catering Services Private Limited, and others. Additionally, there are loans given to and received from subsidiaries and a Key Management Person (KMP), Mr. Raghunandana Tangirala, with repayments and interest paid.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has unpaid statutory dues under the Gujarat Professional Tax Act, with a dispute pending in the Court of the Municipalities, Taluka Corporation and Development Officer, since March 2011, with the amount unpaid as of December 2019.
Management & Board Governance
1 occurrenceRecent (last 12 months)
The CFO, Mrs. Radha Ramanujan, resigned on 04.09.2025. The Board appointed Mr. Surinder as interim CFO effective 01.12.2025 and later appointed Mr. Ram Praveen Radhakrishnan as full-time CFO w.e.f. 17.03.2026.