Financials Updater Services Limited

Equities

End-of-day quote NSE India S.E. Other stock markets 03:30:00 20/06/2024 am IST			5-day change	1st Jan Change
291.4 ^INR	+0.41%		-2.36%	-13.50%

20/05	Updater Services Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024	CI
16/05	Updater Services Limited Receives A Summon from the Office of Magistrate of Judicial Magistrate of First Class II, Court Mysore	CI

Fiscal Period: March	2024	2025	2026	2027
Capitalization ¹	21,447	19,512	-	-
Enterprise Value (EV) ¹	20,469	15,271	14,952	19,512
P/E ratio	28.3 x	16.8 x	12.1 x	8.91 x
Yield	-	-	-	-
Capitalization / Revenue	0.88 x	0.7 x	0.56 x	0.52 x
EV / Revenue	0.84 x	0.55 x	0.43 x	0.52 x
EV / EBITDA	13.5 x	7.38 x	5.81 x	6.3 x
EV / FCF	31.9 x	27.5 x	9.67 x	9 x
FCF Yield	3.13%	3.63%	10.3%	11.1%
Price to Book	2.29 x	2.03 x	1.72 x	1.45 x
Nbr of stocks (in thousands)	66,948	66,948	-	-
Reference price ²	320.4	291.4	291.4	291.4
Announcement Date	20/05/24	-	-	-

¹INR in Million²INR

Estimates

Fiscal Period: March	2023	2024	2025	2026	2027
Net sales ¹	-	24,444	27,816	34,611	37,174
EBITDA ¹	-	1,518	2,068	2,572	3,099
EBIT ¹	-	978.1	1,437	1,921	2,526
Operating Margin	-	4%	5.17%	5.55%	6.8%
Earnings before Tax (EBT) ¹	-	845.8	1,521	2,107	2,768
Net income ¹	357.9	679.5	1,161	1,610	2,187
Net margin	-	2.78%	4.17%	4.65%	5.88%
EPS ²	6.700	11.30	17.40	24.13	32.70
Free Cash Flow ¹	-	640.9	555	1,546	2,168
FCF margin	-	2.62%	2%	4.47%	5.83%
FCF Conversion (EBITDA)	-	42.23%	26.84%	60.08%	69.96%
FCF Conversion (Net income)	-	94.32%	47.8%	96.01%	99.13%
Dividend per Share	-	-	-	-	-
Announcement Date	24/07/23	20/05/24	-	-	-

¹INR in Million²INR

Estimates

Fiscal Period: March	2023	2024	2025	2026	2027
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	978	4,241	4,560	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	641	555	1,546	2,168
ROE (net income / shareholders' equity)	-	11.1%	12.7%	14.9%	17.6%
ROA (Net income/ Total Assets)	-	-	-	-	-
Assets ¹	-	-	-	-	-
Book Value Per Share ²	-	140.0	144.0	170.0	202.0
Cash Flow per Share ²	-	17.10	8.300	12.90	-
Capex ¹	-	386	111	486	149
Capex / Sales	-	1.58%	0.4%	1.41%	0.4%
Announcement Date	24/07/23	20/05/24	-	-	-

¹INR in Million²INR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

291.4 INR

Average target price

432 INR

Spread / Average Target

+48.22%