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Definitive Analysis

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Page: Company Financials

Updater Services Limited

Ticker: UDS.BO | Industry: Specialty Business Services | Sector: Industrials
$152.55 -0.65 (-0.42%)
As of: 2026-01-27

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Enterprise Value

Metric 2025 2024 2023 2022
Stock Price 277.87 344.89 294.43 283.90
Market Capitalization 18,537.80M 23,114.86M 17,728.68M 15,336.73M
(-) Cash & Equivalents 715.44M 950.58M 4,615.88M 643.77M
(+) Total Debt 510.12M 656.96M 1,210.53M 609.43M
Enterprise Value 18,332.49M 22,821.23M 14,323.33M 15,302.39M

Income Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Revenue 28,335M 26,000M 27,361M 24,444M 20,989M 14,836M 12,100M 13,149M
Cost of Revenue 943M 10,553M 911M 1,267M 18,223M 12,613M 10,643M 11,654M
Gross Profit 27,392M 15,447M 26,450M 23,177M 2,766M 2,222M 1,457M 1,494M
Gross Profit Margin 96.7% 59.4% 96.7% 94.8% 13.2% 15.0% 12.0% 11.4%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 1,179M 3,103M 851M 601M 386M 420M 244M 195M
Operating Expenses 26,198M 14,300M 25,124M 22,132M 1,705M 1,294M 878M 1,022M
Operating Income (EBIT) 1,194M 1,147M 1,326M 1,045M 1,061M 929M 580M 472M
Operating Income Margin 4.2% 4.4% 4.8% 4.3% 5.1% 6.3% 4.8% 3.6%
Interest Income 0M 0M 0M 133M 60M 60M 22M 6M
Interest Expense 77M 137M 103M 193M 145M 51M 30M 75M
Net Interest Income -77M -137M -103M -60M -85M 9M -8M -69M
Unusual Items 197M 223M 225M -139M -435M -229M -27M -37M
EBT Excluding Unusual Items 1,117M 1,010M 1,222M 985M 976M 938M 572M 403M
Pre-Tax Income 1,314M 1,233M 1,447M 846M 542M 709M 544M 367M
Pre-Tax Margin 4.6% 4.7% 5.3% 3.5% 2.6% 4.8% 4.5% 2.8%
Income Tax Expense 173M 250M 258M 183M 196M 136M 69M 36M
Net Income 1,138M 986M 1,188M 679M 358M 553M 450M 332M
Net Income Margin 4.0% 3.8% 4.3% 2.8% 1.7% 3.7% 3.7% 2.5%
Depreciation & Amortization 465M 510M 471M 540M 370M 165M 150M 161M
EBITDA 1,659M 1,657M 1,797M 1,585M 1,431M 1,094M 730M 633M
EBITDA Margin 5.9% 6.4% 6.6% 6.5% 6.8% 7.4% 6.0% 4.8%
NOPAT 1,037M 914M 1,090M 819M 678M 751M 507M 426M
NOPAT Margin 3.7% 3.5% 4.0% 3.3% 3.2% 5.1% 4.2% 3.2%
Owner's Earnings 1,603M 1,496M 1,524M 834M 213M 583M 557M 358M
Owner's Earnings Margin 5.7% 5.8% 5.6% 3.4% 1.0% 3.9% 4.6% 2.7%
EPS (Basic) 17.04 14.97 17.73 11.36 6.76 10.44 8.50 6.27
EPS (Diluted) 17.00 14.70 17.66 11.30 6.70 10.44 8.47 6.24
Shares (Basic) 67M 67M 67M 60M 53M 53M 53M 53M
Shares (Diluted) 67M 67M 67M 60M 53M 53M 53M 53M

Balance Sheet

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Cash & Cash Equivalents 961.33M 0.00M 1,184.98M 836.16M 1,146.67M 572.86M 611.55M 172.99M
Short-Term Investments 1,792.21M 2,614.10M 1,861.12M 2,815.60M 452.98M 73.81M -98.83M 43.21M
Cash & Short-Term Investments 2,753.54M 2,614.10M 3,046.10M 3,651.76M 1,599.65M 646.67M 512.72M 216.20M
Net Receivables 7,003.74M 0.00M 6,532.97M 5,536.42M 4,962.43M 4,048.72M 3,021.11M 3,353.11M
Inventory 98.80M 0.00M 78.71M 161.46M 90.87M 82.85M 58.83M 76.36M
Other Current Assets 305.74M -2,614.10M 502.74M 424.39M 295.41M 208.42M 261.85M 128.17M
Total Current Assets 10,161.82M 0.00M 10,160.52M 9,774.03M 6,948.36M 4,986.66M 3,854.51M 3,773.84M
Property, Plant & Equipment 1,067.97M 0.00M 1,159.44M 1,198.85M 1,025.99M 604.82M 175.01M 253.38M
Goodwill 1,947.90M 0.00M 1,947.90M 1,947.90M 1,947.90M 1,280.28M 457.03M 457.03M
Intangible Assets 472.38M 0.00M 494.09M 560.54M 638.33M 311.25M 120.16M 144.43M
Long-Term Investments 390.06M 0.00M 191.66M 129.50M 129.95M 236.49M 54.55M 31.38M
Tax Assets 614.45M 0.00M 531.11M 474.46M 488.07M 473.84M 381.12M 302.62M
Other Non-Current Assets 1,251.05M 0.00M 1,391.27M 1,664.56M 1,589.90M 1,347.14M 1,023.17M 1,006.42M
Other Assets 0.00M 0.00M 0.00M -490.10M 0.00M 0.00M -331.73M 0.00M
Total Non-Current Assets 5,743.81M 0.00M 5,715.47M 5,485.71M 5,820.14M 4,253.82M 1,879.31M 2,195.26M
Total Assets 15,905.63M 0.00M 15,875.99M 15,259.74M 12,768.50M 9,240.48M 5,733.82M 5,969.10M
Accounts Payable 793.59M 0.00M 895.01M 895.01M 793.31M 456.79M 318.53M 369.31M
Short-Term Debt 26.75M 0.00M 484.34M 528.67M 1,586.13M 586.79M 116.10M 899.52M
Tax Payables 90.36M 0.00M 78.46M 79.77M 57.30M 37.13M 38.37M 11.95M
Deferred Revenue 0.00M 0.00M 96.57M 0.00M 26.29M 67.11M 76.11M 7.29M
Other Current Liabilities 3,455.75M 0.00M 1,010.37M 1,118.29M 812.67M 335.77M 104.40M 97.62M
Total Current Liabilities 4,366.45M 0.00M 2,564.75M 2,621.74M 3,275.70M 1,483.59M 653.51M 1,385.69M
Long-Term Debt 0.17M 0.00M 0.00M 0.34M 179.25M 0.00M 0.00M 0.09M
Capital Lease Obligations 479.64M 0.00M 539.46M 517.93M 433.25M 126.37M 44.94M 71.33M
Deferred Tax Liabilities 95.06M 0.00M 96.08M 117.03M 157.50M 108.48M 25.56M 31.07M
Other Non-Current Liabilities 800.18M -9,646.13M 862.46M 808.48M 1,678.20M 1,292.14M 424.12M 459.83M
Total Non-Current Liabilities 1,375.05M -9,646.13M 1,498.00M 1,443.78M 2,448.20M 1,526.99M 494.62M 562.32M
Total Liabilities 5,741.50M -9,646.13M 4,062.75M 4,065.52M 5,723.90M 3,010.58M 1,148.13M 1,948.01M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 669.53M 0.00M 669.53M 669.48M 529.52M 528.18M 528.18M 528.18M
Retained Earnings 0.00M 0.00M 4,452.24M 3,247.44M 2,554.32M 2,227.14M 1,683.62M 1,235.14M
Accumulated OCI 0.00M 9,581.88M 147.29M 0.00M 123.14M 89.52M 81.40M 70.58M
Minority Interest 70.81M 0.00M 64.25M 59.46M 69.18M 53.09M 69.28M 45.44M
Total Shareholders’ Equity 669.53M 9,581.88M 5,269.06M 3,916.92M 3,206.98M 2,844.84M 2,293.20M 1,833.90M
Total Equity 740.34M 9,581.88M 5,333.31M 3,976.38M 3,276.16M 2,897.93M 2,362.48M 1,879.34M
Total Liabilities & Equity 6,481.84M -64.25M 9,396.06M 8,041.90M 9,000.06M 5,908.51M 3,510.61M 3,827.35M
Tangible Assets 13,485.35M 0.00M 13,434.00M 12,751.30M 10,182.27M 7,648.95M 5,156.63M 5,367.64M
Tangible Equity -1,679.94M 9,581.88M 2,891.32M 1,467.94M 689.93M 1,306.40M 1,785.29M 1,277.88M
Tangible Book Value -1,679.94M 9,581.88M 2,891.32M 1,467.94M 689.93M 1,306.40M 1,785.29M 1,277.88M
Total Investments 840.88M 0.00M 2,052.78M 2,945.10M 582.93M 310.30M 121.44M 74.59M
Net Debt -934.41M 0.00M -700.64M -307.15M 618.71M 13.93M -495.45M 726.62M

Capital Metrics

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Working Capital 5,593.5M 0.0M 5,245.7M 4,226.2M 1,025.3M 1,243.8M 1,515.5M 774.0M
Total Capital 10,599.9M 9,646.1M 10,605.7M 9,448.3M 6,007.6M 4,117.4M 3,013.7M 3,364.3M
Capital Employed 11,337.4M 0.0M 10,961.1M 9,711.9M 6,177.3M 4,936.7M 3,394.8M 2,969.2M
Invested Capital 9,638.6M 9,646.1M 9,420.7M 8,612.1M 4,860.9M 3,544.6M 2,402.1M 3,191.3M

Cash Flow Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Net Income 1,220.27M 804.03M 1,447.29M 679.46M 357.86M 552.91M 450.34M 331.80M
Depreciation & Amortization 0.00M 0.00M 471.34M 539.61M 370.40M 165.34M 149.86M 161.13M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 28.80M 100.60M 28.80M 100.60M 38.89M 8.12M 1.49M 32.56M
Change in Working Capital 0.00M 0.00M -879.24M -218.19M -98.23M -570.38M 629.86M -446.82M
Accounts Receivable 0.00M 0.00M -1,201.98M -618.96M -674.45M -713.90M 740.39M -489.02M
Inventory 0.00M 0.00M -8.80M -0.05M -1.70M -13.12M 16.16M -18.35M
Accounts Payable 0.00M 0.00M 410.66M 462.47M 213.09M 127.06M -39.38M 61.17M
Other Working Capital 0.00M 0.00M -79.12M -61.65M 364.83M 29.58M -87.31M -0.62M
Other Non-Cash Items -1,249.07M -904.63M -559.83M -75.09M 478.90M 154.70M 53.40M -25.46M
Net Cash from Operating Activities 0.00M 0.00M 508.36M 1,026.39M 1,147.82M 310.69M 1,284.95M 53.21M
Capital Expenditures (PPE) 0.00M 0.00M -135.32M -385.50M -515.56M -135.04M -42.73M -134.49M
Acquisitions (Net) 0.00M 0.00M -968.71M -763.40M -752.53M -495.23M 6.73M -543.52M
Purchases of Investments 0.00M 0.00M -303.42M -2,863.78M -3,393.97M -1,575.82M -1,045.32M -38.79M
Sales / Maturities of Investments 0.00M 0.00M 1,445.80M 360.06M 3,095.47M 1,675.55M 897.62M 101.86M
Other Investing Activities 0.00M 0.00M 147.19M 88.48M 36.77M 58.99M 18.22M 12.03M
Net Cash from Investing Activities 0.00M 0.00M 185.54M -3,564.14M -1,529.82M -471.55M -165.48M -602.91M
Net Debt Issuance 0.00M 0.00M -44.67M -1,227.68M 1,179.94M 428.26M -783.50M 612.82M
Long-Term Debt Issuance 0.00M 0.00M -0.34M -256.08M 256.08M 0.00M 0.00M -1.87M
Short-Term Debt Issuance 0.00M 0.00M -44.33M -971.60M 923.86M 428.26M -783.50M 614.69M
Net Stock Issuance 0.00M 0.00M 2.16M 4,032.46M 0.00M -20.88M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 2.16M 6,432.46M 0.00M -20.88M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M -2,400.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M 0.00M -32.80M -9.54M 0.00M 0.00M 0.00M
Common Dividends Paid 0.00M 0.00M 0.00M -32.80M -9.54M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M -302.57M -544.73M -214.59M -119.49M -63.13M -49.60M
Net Cash from Financing Activities 0.00M 0.00M -345.08M 2,227.25M 955.81M 287.89M -846.63M 563.22M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 0.00M 0.00M 348.82M -310.51M 573.81M 127.03M 272.84M 13.52M
Cash at Beginning of Period 0.00M 0.00M 836.16M 1,146.67M 572.86M 445.83M 172.99M 78.57M
Cash at End of Period 0.00M 0.00M 1,184.98M 836.16M 1,146.67M 572.86M 445.83M 172.99M
Operating Cash Flow 0.00M 0.00M 508.36M 1,026.39M 1,147.82M 310.69M 1,284.95M 53.21M
Capital Expenditure 0.00M 0.00M -135.32M -385.50M -515.56M -135.04M -42.73M -134.49M
Free Cash Flow 0.00M 0.00M 373.04M 640.89M 632.26M 175.65M 1,242.22M -85.03M

Free Cash Flow

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
EBITDA 26,218.05M 6,668.54M 26,070.18M 23,115.33M 2,750.89M 1,968.17M 1,362.91M 1,460.11M
(-) Tax Adjustment 3,824.91M 1,378.66M 4,638.73M 5,006.32M 962.81M 376.54M 171.91M 142.56M
(-) Change In Working Capital 0.00M 0.00M -879.24M -218.19M -98.23M -570.38M 629.86M -446.82M
(-) Capital Expenditure 0.00M 0.00M -135.32M -385.50M -515.56M -135.04M -42.73M -134.49M
Unlevered Free Cash Flow 22,393.14M 5,289.88M 22,175.37M 17,941.70M 1,370.75M 2,026.97M 518.41M 1,629.88M
(-) Net Interest Income After Taxes -77.50M -128.08M -85.07M -47.07M -54.96M 7.59M -7.10M -62.19M
Net Debt Issuance 0.00M 0.00M -44.67M -1,227.68M 1,179.94M 428.26M -783.50M 612.82M
Levered Free Cash Flow 22,470.64M 5,417.96M 22,215.76M 16,761.09M 2,605.65M 2,447.64M -257.99M 2,304.89M