312.15
336.85
244.50
438.60
235.30
438.60
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Current Price
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Stock PE (TTM)
Promoter Holding
Book Value
ROCE
ROE
Updater Services Limited was incorporated in Chennai, Tamil Nadu as `Updater Services Private Limited` dated November 13, 2003 issued by the RoC, upon conversion of `Updater Services`, a Partnership Firm, into a Private Limited Company. Thereafter, Company was converted from a Private Limited Company to a Public Limited Company and consequently, name of the Company was changed to `Updater Services Limited`, and a fresh Certificate of Incorporation dated March 24, 2022 was issued to Company by the RoC. Company is engaged in providing facility management services like integrated facility management services to various industries such as information technology, information technology enabled services, manufacturing, hospitality and other industries and catering services, which includes industrial catering, and services at food courts. Integrated facility management services include housekeeping, staffing, production support, mechanical and electrical services, garden management, pest control and catering solutions. The Company was founded as a Partnership Firm between Raghunandana Tangirala and K. Hariharan, which commenced operations in 1990 as a housekeeping and catering services company at Chennai, Tamil Nadu. In 2002, the Company got into an agreement with Saint-Gobain Glass India Private Limited for providing operations services. In 2006, Avon Solutions and Logistics Private Limited, a mail room management company was acquired with 51% shareholding into the Company. Later, in January, 2017 Company acquired 100% shareholding in Stanworth Management Private Limited (SMPL) and consequently, SMPL became a wholly owned subsidiary of Company. It acquired equity shares of Fusion Foods and Catering Private Limited, which engaged in hospitality and industrial catering and became a wholly owned subsidiary of Company in November, 2021. The Company got into an agreement for providing and managing the human resource services at a hospital in Ahmedabad in 2018 and acquired 70% stake in Global Flight Handling Services Private Limited, acquired 75% shareholding in Matrix Business Services India Private Limited in April 2019 and became wholly owned Subsidiary; 74% shareholding in Washroom Hygiene Concepts Private Limited in September, 2019 and became a wholly owned Subsidiary of Company on August 31, 2021. In 2022, the Company acquired 57% shareholding in Athena BPO Private Limited The Company made an Initial Public Offering of 21,333,333 equity shares of face value of Rs 10 each by raising funds aggregating to Rs 640 Crore, comprising a fresh issue of 13,333,333 equity shares aggregating to Rs 400 Crore and 8,000,000 equity shares offer for sale aggregating to Rs 240 crore in September, 2023. The Company acquired additional equity shares of 9.75% in Denave India Private Limited in 2023-24.
Updater Services share price as on 11 Feb 2025 is Rs. 316.65. Over the past 6 months, the Updater Services share price has decreased by 4.78% and in the last one year, it has decreased by 8.63%. The 52-week low for Updater Services share price was Rs. 244.5 and 52-week high was Rs. 438.6.
543996
UDS
INE851I01011
Nov
You can buy Updater Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Updater Services Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 11, 2025 03:58 PM the closing price of Updater Services Ltd was Rs.316.65.
The latest PE ratio of Updater Services Ltd as of Feb 11, 2025 03:58 PM is 20.37
The latest PB ratio of Updater Services Ltd as of Feb 11, 2025 03:58 PM is 0.40
The 52-week high of Updater Services Ltd share price is Rs. 438.60 while the 52-week low is Rs. 244.50
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 Feb 11, 2025 03:58 PM, the market cap of Updater Services Ltd stood at Rs. 2,119.91 Cr.
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