SIS Ltd

SIS Ltd

₹ 440 0.28%
25 Jun 11:54 a.m.
About

Security & Intelligence Serv.(India)is directly and indirectly engaged in rendering security and related services consisting of manned guarding, training, and indirectly engaged in paramedic and emergency response services; loss prevention, asset protection and mobile patrols; facility management services consisting of cleaning, housekeeping and pest control management services in the areas of facility management; cash logistics services consisting of cash-in-transit, ATM cash replenishment activities and secure transportation of precious items and bullion; and alarm monitoring and response services consisting of trading and installation of electronic security devices and systems through its subsidiaries, joint ventures and associates.(Source : 202003-01 Annual Report Page No:101)

Key Points

Business Segments
Security Solutions (83%) - SIS is a premier Security solutions provider in the Asia-Pacific (APAC) region, encompassing India, Australia, New Zealand, and Singapore, It offers a wide range of Manned Security Solutions & Technology and Electronic Solutions. [1] [2]

  • Market Cap 6,343 Cr.
  • Current Price 440
  • High / Low 565 / 393
  • Stock P/E 33.8
  • Book Value 167
  • Dividend Yield 0.00 %
  • ROCE 10.3 %
  • ROE 7.90 %
  • Face Value 5.00

Pros

Cons

  • Stock is trading at 2.64 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 11.6% over past five years.
  • Company has a low return on equity of 13.1% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2,445 2,379 2,431 2,601 2,648 2,678 2,768 2,904 2,996 2,977 3,074 3,073 3,138
2,322 2,259 2,309 2,471 2,524 2,557 2,658 2,778 2,861 2,838 2,929 2,922 3,054
Operating Profit 123 121 122 129 124 121 110 126 135 139 144 151 84
OPM % 5% 5% 5% 5% 5% 5% 4% 4% 4% 5% 5% 5% 3%
74 12 8 28 9 7 10 4 21 14 19 12 22
Interest 28 25 25 24 25 25 28 31 32 33 35 40 40
Depreciation 29 27 26 28 30 29 33 34 39 36 40 42 49
Profit before tax 141 81 80 104 79 75 59 66 85 85 88 82 17
Tax % 27% 26% 14% 4% -23% -11% -14% -58% -9% -6% 15% 55% 168%
102 60 68 101 97 83 67 103 93 90 75 37 -12
EPS in Rs 6.90 4.04 4.65 6.84 6.60 5.61 4.58 7.03 6.39 6.14 5.17 2.53 -0.81
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,640 3,092 3,546 3,835 4,385 5,833 7,093 8,485 9,127 10,059 11,346 12,261
2,517 2,945 3,388 3,666 4,165 5,533 6,742 7,969 8,607 9,561 10,854 11,743
Operating Profit 123 147 158 169 220 300 352 516 521 498 492 519
OPM % 5% 5% 4% 4% 5% 5% 5% 6% 6% 5% 4% 4%
16 12 17 15 3 36 18 53 202 55 43 68
Interest 31 26 48 48 77 92 94 152 127 98 115 148
Depreciation 26 31 45 43 36 56 66 128 113 112 135 166
Profit before tax 83 102 82 94 110 187 210 289 483 344 285 272
Tax % 34% 36% 41% 31% 1% 13% -2% 22% 24% 5% -22% 30%
54 65 48 74 110 163 215 225 367 326 346 190
EPS in Rs 53.41 55.37 50.55 61.07 8.14 11.07 14.72 15.38 24.64 22.11 23.77 13.19
Dividend Payout % 18% 32% 26% 36% 0% 16% 12% 13% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 12%
3 Years: 10%
TTM: 8%
Compounded Profit Growth
10 Years: 11%
5 Years: -3%
3 Years: -31%
TTM: -45%
Stock Price CAGR
10 Years: %
5 Years: -1%
3 Years: 1%
1 Year: 8%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 13%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 6 6 6 69 73 73 73 74 74 73 72
Reserves 311 386 391 443 522 955 1,177 1,315 1,757 1,998 2,260 2,341
Preference Capital 16 0 0 0 0 0 0 0 0 0 0 0
209 247 444 446 700 557 975 1,214 1,473 1,451 1,647 1,658
513 517 623 580 720 1,186 1,964 1,998 1,689 1,537 1,689 1,866
Total Liabilities 1,037 1,156 1,463 1,475 2,010 2,772 4,189 4,600 4,992 5,059 5,670 5,938
231 251 329 308 400 717 1,575 1,659 1,560 1,602 1,627 1,605
CWIP 6 8 7 0 4 5 9 13 17 23 41 35
Investments 11 11 10 12 97 92 121 93 94 96 98 116
788 885 1,117 1,155 1,509 1,957 2,485 2,835 3,322 3,338 3,903 4,182
Total Assets 1,037 1,156 1,463 1,475 2,010 2,772 4,189 4,600 4,992 5,059 5,670 5,938

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
71 73 100 215 205 201 640 234 171 394
-110 -52 -297 -122 -553 -269 -126 -119 -137 -107
152 -64 193 99 127 -141 44 -351 -229 -340
Net Cash Flow 113 -42 -4 193 -222 -209 557 -237 -195 -52

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 30 32 27 35 39 49 51 50 50 54 56
Inventory Days
Days Payable
Cash Conversion Cycle 41 30 32 27 35 39 49 51 50 50 54 56
Working Capital Days 15 16 20 19 15 19 24 17 11 24 31 34
ROCE % 20% 20% 16% 15% 17% 19% 16% 18% 30% 13% 11% 10%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.88% 72.81% 71.62% 71.55% 71.55% 71.48% 71.59% 71.59% 71.59% 71.59% 71.58% 71.70%
11.48% 12.00% 15.12% 15.42% 15.97% 15.03% 14.66% 14.95% 15.25% 16.31% 16.41% 16.87%
5.53% 4.93% 4.42% 4.31% 3.98% 4.49% 4.50% 4.05% 3.96% 3.12% 3.17% 2.91%
10.11% 10.26% 8.84% 8.72% 8.50% 9.00% 9.25% 9.41% 9.21% 9.00% 8.84% 8.52%
No. of Shareholders 42,43444,62737,79336,12434,89545,84440,47140,64038,98834,73239,19534,419

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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