Updater Services (UDS) | Financial Analysis & Statements
Updater Services Ltd. Small-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
7.0B
Gross Profit
6.8B
97.00%
Operating Income
292.2M
4.17%
Net Income
289.9M
4.14%
EPS (Diluted)
₹4.33
Balance Sheet Metrics
Total Assets
15.9B
Total Liabilities
6.2B
Shareholders Equity
9.6B
Debt to Equity
0.65
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2025
Updater Services Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 27.4B | 24.4B | 21.0B | 14.8B | 12.1B |
| Cost of Goods Sold | 1.2B | 1.3B | 3.8B | 1.6B | 580.8M |
| Gross Profit | 26.1B | 23.2B | 17.2B | 13.3B | 11.5B |
| Gross Margin % | 95.6% | 94.8% | 82.0% | 89.4% | 95.2% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 850.7M | 601.1M | 385.6M | 419.5M | 244.4M |
| Other Operating Expenses | 2.9B | 2.7B | 1.4B | 949.5M | 648.6M |
| Total Operating Expenses | 3.8B | 3.3B | 1.8B | 1.4B | 893.0M |
| Operating Income | 1.4B | 1.0B | 1.1B | 965.1M | 621.5M |
| Operating Margin % | 5.1% | 4.3% | 5.1% | 6.5% | 5.1% |
| Non-Operating Items | |||||
| Interest Income | 177.4M | 132.5M | 60.2M | 60.1M | 21.6M |
| Interest Expense | 102.3M | 192.6M | 144.8M | 50.7M | 29.7M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 1.4B | 845.8M | 541.9M | 709.4M | 544.3M |
| Income Tax | 257.5M | 183.2M | 195.8M | 135.7M | 68.6M |
| Effective Tax Rate % | 17.8% | 21.7% | 36.1% | 19.1% | 12.6% |
| Net Income | 1.2B | 662.6M | 346.0M | 573.7M | 475.6M |
| Net Margin % | 4.3% | 2.7% | 1.6% | 3.9% | 3.9% |
| Key Metrics | |||||
| EBITDA | 2.1B | 1.6B | 1.1B | 1.2B | 795.6M |
| EPS (Basic) | ₹17.74 | ₹11.36 | ₹6.76 | ₹10.44 | ₹8.50 |
| EPS (Diluted) | ₹17.70 | ₹11.30 | ₹6.76 | ₹10.44 | ₹8.50 |
| Basic Shares Outstanding | 66949074 | 59800883 | 52952467 | 52952467 | 52952467 |
| Diluted Shares Outstanding | 66949074 | 59800883 | 52952467 | 52952467 | 52952467 |
Income Statement Trend
Join Our India Telegram Channel
Get Instant Market Updates: 52-Week High/Low Alerts, Breakout Notifications & Expert Stock Analysis Delivered To Your Phone. Join Traders Making Informed Decisions Daily!
Updater Services Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 1.2B | 836.2M | 1.1B | 572.9M | 445.8M |
| Short-term Investments | 1.9B | 2.8B | 453.0M | 73.8M | 66.9M |
| Accounts Receivable | 4.9B | 4.0B | 3.4B | 2.7B | 2.0B |
| Inventory | 78.7M | 69.9M | 69.9M | 63.3M | 50.1M |
| Other Current Assets | 297.3M | -10.0K | 59.9M | - | - |
| Total Current Assets | 10.2B | 9.9B | 7.0B | 5.1B | 3.9B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 1.1B | 1.1B | 0 | 0 | 0 |
| Goodwill | 4.4B | 4.5B | 4.5B | 2.9B | 1.0B |
| Intangible Assets | 494.1M | 560.5M | 638.3M | 311.2M | 120.2M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 47.9M | -60.0K | - | - | 200.0K |
| Total Non-Current Assets | 5.7B | 5.5B | 5.2B | 3.7B | 1.9B |
| Total Assets | 15.9B | 15.3B | 12.2B | 8.7B | 5.8B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 895.0M | 792.6M | 793.3M | 456.8M | 318.5M |
| Short-term Debt | 667.4M | 721.4M | 1.7B | 634.5M | 137.8M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 948.4M | -10.0K | 683.9M | 519.2M | 373.5M |
| Total Current Liabilities | 4.9B | 5.6B | 6.0B | 3.8B | 2.4B |
| Non-Current Liabilities | |||||
| Long-term Debt | 356.4M | 325.6M | 463.5M | 78.7M | 23.2M |
| Deferred Tax Liabilities | 96.1M | 117.0M | 157.5M | 108.5M | 25.6M |
| Other Non-Current Liabilities | -27.0M | - | - | - | - |
| Total Non-Current Liabilities | 1.3B | 1.3B | 2.3B | 1.5B | 472.9M |
| Total Liabilities | 6.2B | 6.9B | 8.3B | 5.3B | 2.9B |
| Equity | |||||
| Common Stock | 669.5M | 669.5M | 529.5M | 528.2M | 528.2M |
| Retained Earnings | 4.5B | 3.2B | 2.6B | 2.2B | 1.7B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 9.6B | 8.5B | 3.9B | 3.5B | 2.9B |
| Key Metrics | |||||
| Total Debt | 1.0B | 1.0B | 2.2B | 713.2M | 161.0M |
| Working Capital | 5.2B | 4.2B | 1.0B | 1.2B | 1.5B |
Balance Sheet Composition
Updater Services Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 1.4B | 845.8M | 541.9M | 709.4M | 544.3M |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | 28.8M | 100.6M | 38.9M | 8.1M | 1.5M |
| Working Capital Changes | -1.3B | -680.7M | -133.2M | -805.8M | 613.6M |
| Operating Cash Flow | 14.5M | 361.1M | 884.1M | 115.8M | 1.2B |
| Investing Activities | |||||
| Capital Expenditures | -131.7M | -364.5M | -506.3M | -135.0M | -36.0M |
| Acquisitions | -968.7M | -763.4M | -761.8M | -495.2M | 0 |
| Investment Purchases | -303.4M | -2.9B | -3.4B | -1.6B | -1.0B |
| Investment Sales | 1.4B | 360.1M | 3.1B | 1.7B | 897.6M |
| Investing Cash Flow | 42.0M | -3.7B | -1.6B | -530.5M | -183.7M |
| Financing Activities | |||||
| Share Repurchases | 0 | -2.4B | 0 | - | - |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | 0 | 0 | 304.0M | 0 | 0 |
| Debt Repayment | -5.4B | -11.5B | -9.6B | -8.4B | -978.2M |
| Financing Cash Flow | -5.4B | -8.4B | -8.4B | -8.0B | -1.8B |
| Free Cash Flow | 373.0M | 640.9M | 632.3M | 175.6M | 1.2B |
| Net Change in Cash | -5.4B | -11.7B | -9.1B | -8.4B | -758.9M |
Cash Flow Trend
Updater Services Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
11.61
Forward P/E
8.65
Price to Book
1.07
Price to Sales
0.37
PEG Ratio
-0.17
Profitability Ratios
Profit Margin
3.17%
Operating Margin
4.01%
Return on Equity
12.32%
Return on Assets
7.48%
Financial Health
Current Ratio
2.22
Debt to Equity
4.98
Beta
0.48
Per Share Data
EPS (TTM)
₹13.84
Book Value per Share
₹150.20
Revenue per Share
₹434.05
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| UDS | 10.7B | 11.61 | 1.07 | 12.32% | 3.17% | 4.98 |
| BLS International | 116.6B | 18.13 | 5.47 | 25.17% | 22.39% | 16.55 |
| CMS Info Systems | 49.8B | 15.62 | 2.13 | 16.43% | 13.02% | 9.54 |
| PDS | 40.5B | 37.65 | 2.38 | 9.14% | 0.82% | 70.40 |
| Intelligent Supply | 38.1B | 272.73 | 1.61 | -3.90% | 99.63% | 1.11 |
| Jaykay Enterprises | 21.2B | 71.51 | 2.04 | 1.45% | 28.79% | 0.15 |
Financial data is updated regularly. All figures are in the company's reporting currency.




