SIS Ltd - Stock Valuation and Financial Performance

BSE: 540673 | NSE: SIS | Professional Services | Small Cap

SIS Share Price

410 -8.90 -2.12%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on SIS

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

SIS stock performance -

mw4me loader
P/E Ratio (CD):
20.01
Market Cap:
5,898 Cr.
52-wk low:
318
52-wk high:
560

Is SIS Ltd an attractive stock to invest in?

1. Is SIS Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SIS Ltd is a good quality company.

2. Is SIS Ltd undervalued or overvalued?

The key valuation ratios of SIS Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is SIS Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SIS Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SIS:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SIS Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 14%11.9%8.6%15.3%14.8%14.8%14.3%21.4%12%11.6%-
Value Creation
Index
0.0-0.1-0.40.10.10.10.10.6-0.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,0983,5513,8364,3875,8337,0938,4859,12710,05911,34612,119
Sales YoY Gr.-14.6%8%14.4%33%21.6%19.6%7.6%10.2%12.8%-
Adj EPS 5.24.538.210.114.716.335.722.223.520.5
YoY Gr.--12.4%-34.1%176.5%22.2%45.9%11%118.9%-37.7%5.6%-
BVPS (₹) 28.828.632.942.469.283.893122.9139.3157.8167.6
Adj Net
Profit
70.161.440.6113147215239529327342295
Cash Flow from Ops. 80.171.372.6100215205201640234171-
Debt/CF from Ops. 3.16.2672.64.862.15.78.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.5%14.2%10.2%12.8%
Adj EPS 18.3%18.5%12.9%5.6%
BVPS20.8%17.9%19.3%13.3%
Share Price - -0.6% 1.4% 25.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
19.415.69.621.818.218.918.132.916.815.512.6
Op. Profit
Mgn %
4.84.53.555.45.16.15.754.34.7
Net Profit
Mgn %
2.21.30.72.72.53.22.85.83.332.4
Debt to
Equity
0.61.111.20.60.80.90.70.70.7-
Working Cap
Days
6264697475838587858750
Cash Conv.
Cycle
2926252629374447474815

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.17%

Net Profit is growing at healthy rate in last 3 years 12.91%

Debt to equity has declined versus last 3 years average to 0.66

Sales growth is good in last 4 quarters at 10.29%

Return on Equity has declined versus last 3 years average to 12.60%

Latest Financials - SIS Ltd.

Standalone Consolidated
TTM EPS (₹) 13.4 20.5
TTM Sales (₹ Cr.) 4,434 12,119
BVPS (₹.) 70.9 167.6
Reserves (₹ Cr.) 949 2,344
P/BV 5.78 2.44
PE 30.61 20.01
From the Market
52 Week Low / High (₹) 317.95 / 560.00
All Time Low / High (₹) 313.65 / 702.40
Market Cap (₹ Cr.) 5,898
Equity (₹ Cr.) 72.1
Face Value (₹) 5
Industry PE 46.2

Management X-Ray of SIS:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3,0983,5513,8364,3875,8337,0938,4859,12710,05911,346
Operating Expenses 2,9523,3913,7034,1695,5226,7297,9878,6079,56310,854
Manufacturing Costs2152622783914151,1621,3411,116
Material Costs31211163663838080107
Employee Cost 2,5382,8923,1453,7034,7665,7576,8967,0567,8119,201
Other Costs 195225270447711895992308331430
Operating Profit 146159133218312365498521496492
Operating Profit Margin (%) 4.7%4.5%3.5%5.0%5.3%5.1%5.9%5.7%4.9%4.3%
Other Income 131514113718754785533
Interest 26485277929415212798115
Depreciation 314543365666128113112135
Exceptional Items 0000-100-27600
Profit Before Tax 1038250117187223289482344285
Tax 373319124-56411518-62
Profit After Tax 664931116163228225367326347
PAT Margin (%) 2.1%1.4%0.8%2.6%2.8%3.2%2.7%4.0%3.2%3.1%
Adjusted EPS (₹)5.14.63.28.111.114.715.424.822.223.8
Dividend Payout Ratio (%)32%26%62%0%16%12%13%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3923884495831,0131,2281,3631,8232,0492,300
Share Capital 66669737373747473
Reserves 3863824425149401,1551,2901,7491,9752,227
Minority Interest367620100230
Debt2003954006275369501,1721,1651,0961,469
Long Term Debt60200179373376614630742607803
Short Term Debt140195221254160336542422489665
Trade Payables29433339816654665864
Others Liabilities 4625215317051,0961,8561,9021,9251,7261,633
Total Liabilities 1,1181,4231,4151,9552,7274,1014,4924,9814,9325,465

Fixed Assets

Gross Block3654514894297931,7011,8962,1922,3452,464
Accumulated Depreciation1141231813076127237632744837
Net Fixed Assets2513293083987171,5751,6591,5601,6021,627
CWIP 87045913172341
Investments 111012999212193949698
Inventories5713142534313431
Trade Receivables2533122894216249531,1751,2431,3911,678
Cash Equivalents 2973743494295435436141,088738751
Others Assets2923844566007318759049491,0471,239
Total Assets 1,1181,4231,4151,9552,7274,1014,4924,9814,9325,465

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 807173100215205201640233171
PBT 1038250110187210289483344285
Adjustment 6010412511512417525064185241
Changes in Working Capital -32-57-46-49-26-74-210154-90-261
Tax Paid -50-57-56-77-71-105-128-60-206-94
Cash Flow From Investing Activity -42-110-51-289-116-522-276-164-122-148
Capex -53-46-67-65-52-83-78-46-102-119
Net Investments 0-723-152-76-406-211-404-48-58
Others 11813-7211-34132872829
Cash Flow From Financing Activity 7152-6419399127-14144-351-229
Net Proceeds from Shares 1650034100100
Net Proceeds from Borrowing -35156-18173-11910000
Interest Paid -24-46-52-75-88-72-99-91-93-107
Dividend Paid -20-17-27-5-14-11-55000
Others 715334100-12811912134-258-122
Net Cash Flow 45113-424198-191-216520-240-206
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.5312.447.3122.4520.4320.3717.423.0216.8415.94
ROCE (%)21.7417.4911.8417.7519.4716.6318.2621.0513.4311.02
Asset Turnover Ratio2.912.792.72.62.492.081.971.932.032.18
PAT to CFO Conversion(x)1.211.452.350.861.320.90.891.740.710.49
Working Capital Days
Receivable Days33292930334146484849
Inventory Days1100111111
Payable Days3,0941,0541,307816604428263273285209

SIS Ltd Stock News

SIS Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SIS on 28-Mar-2024 16:01 is ₹410.0.
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 28-Mar-2024 16:01 the market cap of SIS stood at ₹5,898.
The latest P/E ratio of SIS as of 28-Mar-2024 16:01 is 30.61.
The latest P/B ratio of SIS as of 28-Mar-2024 16:01 is 5.78.
The 52-week high of SIS is ₹560.0 and the 52-week low is ₹317.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SIS is ₹4,434 ( Cr.) .

About SIS Ltd

Security and Intelligence Services Limited was incorporated as ‘Security and Intelligence Services (Eastern India) Private Limited’, on January 2, 1985 as private limited company under the Companies Act, 1956, with the Registrar of Companies at Patna. The name of company was changed to ‘Security and Intelligence Services (India) Private Limited’ and a fresh certificate of incorporation was issued by the RoC on May 27, 1992. Subsequently, the name of company was changed to ‘Security and Intelligence Services (India) Limited’ upon conversion of company into a public limited company and a fresh certificate of incorporation issued by the RoC on July 29, 1993.

Business area of the company

SIS provides security, facility management and cash logistics services, which are essential to the functioning of a vibrant and healthy economy. The company has emerged as a trusted leader across these business segments in India and other geographies in the Asia Pacific region.

Security Services

  • Security Services - India
  • Security Services - International
  • Electronic Security Solutions
  • Alarm, Monitoring and Response

Awards

  • 2014: The company was awarded by Wipro as the ‘Best Security Services Partner’ and was recognised for maintaining high levels of performance and consistent support in providing security services.
  • 2015: MSS Security received the Australian Business award for Human Resource Management and was recognised for its outstanding achievements in human resource management.
  • 2016: MSS Security won Australia India Business Council award of excellence and Innovative HR Team 2016 by HRD - Human Resources Director magazine.

Milestones

  • 1986: Graduate Trainee Officer (GTO) programme initiated to build a cadre of security officers and managers
  • 1989: SIS develops DOS based software program for payroll, on 486 computers
  • 1990: Opens Branch office in Kolkata, West Bengal
  • 1991: SIS employee count crosses 1000
  • 1995: SIS establishes operations in North India. Regional office established in New Delhi
  • 1997: South India operations commissioned, regional office inaugurated in Bangalore
  • 1998: First security company in India to receive ISO certification
  • 2002: SIS revenue crosses Rs 25 crore
  • 2004: First integrated end to end ERP platform – ERSys – is developed by SIS
  • 2005: SIS family crosses 10,000 strength
  • 2006: SIS ventures into Cash Logistics segment
  • 2007: SIS sets up operations in West India.Regional office setup in Mumbai.DE Shaw, one of the largest hedge funds in the world invests in SIS
  • 2008: SIS acquires Australia’s largest security company Chubb Security
  • 2009: SIS group consolidated revenues crosses 1000 crore. SIS enters Facility Management space, partners with ServiceMaster Corporation, USA
  • 2010: Electronic security arm of SIS group launched under the TECH SIS brand
  • 2011: Joint ventures with Prosegur, Spain. SIS Cash Services is branded as SIS Prosegur
  • 2012: Joint venture with TERMINIX, USA. SIS enters Pest Control Segment operating under TERMINIXSIS brand. SIS workforce crosses 50,000 mark.
  • 2013: CX Partners (Private Equity) invests in SIS, marking the largest PE investment in security sector
  • 2014: SIS family celebrates 40th anniversary. Revenue crosses 2500 crore. SIS acquires ISS cash business, rebrands it as SISCO
  • 2015: Employee count crosses 100,000. 1st in Industry-automated recruitment quality control kiosk launched
  • 2016: SIS revenue crosses Rs 4000 crore. SIS acquires Dusters becomes India’s 4th largest Facility Management provider
  • 2017: PO-SIS Group: India’s 1st Security, Cash Logistics & Facility Management Company to be listed.
  • 2017: Successful acquisition of SXP – Australia’s largest mobile patrol service company.
  • 2017: Launched VProtect – India’s first wireless alarm, monitoring and response service.
  • 2018: Consolidated leadership position in India
  • 2018: Security & FM - acquired SLV, Uniq & Rare.
  • 2019: Crossed 200,000 in manpower and $1 Bn in revenues.
  • 2019: Consolidated APAC leadership in Security - acquired Henderson& P4G.
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