SIS Ltd
SIS Ltd
Commercial ServicesKey Fundamentals
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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51 extracted metrics + investor summaries across FY12–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Weaknesses
3- The company has delivered a poor sales growth of 11.8% over past five years.
- Tax rate seems low
- Company has a low return on equity of 7.48% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
SIS Ltd is a security and facility management services company with a market cap of ~₹5,974 crore trading at a PE of 43.6x. The company reported FY25 revenue of ₹13,189 crore (up 7.6% YoY) and delivered a TTM sales growth of 21%, but its 5-year compounded profit growth is negative at -10% and 3-year ROE stands at only 7%, reflecting margin and profitability challenges despite top-line expansion.
- TTM revenue growth of 21% signals strong recent top-line momentum after years of moderate ~12% CAGR
- 10-year compounded sales CAGR of 15% demonstrates a long track record of consistent revenue expansion
- FY25 revenue reached ₹13,189 crore, up 7.6% YoY, with Q3 FY25 hitting record quarterly revenue of ₹3,363 crore
- 10-year compounded profit CAGR of 17% shows the business has historically been able to grow earnings over longer cycles
- TTM profit growth of 3,107% indicates a sharp earnings recovery from a depressed base in prior year
- Dividend yield of 1.65% provides some income cushion relative to many mid-cap peers offering negligible or no dividends
- Last year ROE improved to 14%, nearly double the 3-year average of 7%, suggesting recent operational improvement
- 1-year stock CAGR of 10% shows the market has started re-rating the stock after years of negative returns
- PE of 43.6x is elevated for a services business with only 7% 3-year ROE, implying the market is pricing in significant future improvement
- 5-year compounded profit CAGR of -10% shows earnings have actually declined over a meaningful time horizon
- 3-year ROE of just 7% is well below cost of equity for most Indian mid-caps, indicating poor capital efficiency
- 5-year stock CAGR of -2% means shareholders have destroyed value over a multi-year period despite revenue growth
- 5-year sales CAGR of only 11.8% is modest for a company commanding a 43.6x multiple
- Goodwill impairment charges of ₹110.88 crore (India security), ₹44 crore (facility management), and ₹194.51 crore (international security) highlight past acquisition missteps
- PB ratio of 2.36x combined with sub-8% 3-year ROE means the stock trades at a premium to book despite generating below-par returns on equity
- Tax rate flagged as low suggests reported earnings may not be fully sustainable at normalized tax levels
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Hikes stake in Updater Services Jul 11
SIS Ltd acquired 3,37,957 shares of Updater Services for INR 6.67 crore, raising total holding to 5.68%. This signals strategic interest in expanding its services portfolio.
- Q1 FY27 earnings call Aug 6 Jul 22
SIS Ltd will host its Q1 FY27 earnings conference call on August 6, 2026, at 2:00 PM IST with management-led discussion followed by Q&A.
- 42nd AGM concluded Jul 6
SIS Limited held its 42nd AGM on July 6, 2026, approving financial statements and key director appointments via video conferencing.
TL;DR: SIS Ltd is in a quiet phase with no negative developments reported. The incremental stake increase in Updater Services suggests management confidence in inorganic growth opportunities. With the Q1 FY27 earnings call scheduled for August 6, investors will get clarity on revenue and margin trajectory. The near-term outlook hinges on operational performance to be disclosed at the upcoming results.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,977 | 3,074 | 3,073 | 3,138 | 3,130 | 3,269 | 3,362 | 3,428 | 3,548 | 3,759 | 4,185 | 4,489 | 4,604 |
| Expenses | 2,838 | 2,929 | 2,922 | 3,054 | 2,992 | 3,124 | 3,206 | 3,263 | 3,396 | 3,590 | 3,996 | 4,282 | 4,396 |
| Operating Profit | 139 | 144 | 151 | 84 | 137 | 145 | 157 | 165 | 152 | 168 | 189 | 207 | 207 |
| OPM % | 4.7% | 4.7% | 4.9% | 2.7% | 4.4% | 4.4% | 4.7% | 4.8% | 4.3% | 4.5% | 4.5% | 4.6% | 4.5% |
| Other Income | 14 | 19 | 12 | 22 | 19 | 14 | 39 | -283 | 26 | 20 | -276 | 21 | 20 |
| Interest | 33 | 35 | 40 | 40 | 42 | 40 | 41 | 38 | 41 | 37 | 48 | 49 | 58 |
| Depreciation | 36 | 40 | 42 | 49 | 43 | 42 | 41 | 38 | 42 | 48 | 56 | 70 | 62 |
| PBT | 85 | 88 | 82 | 17 | 71 | 76 | 114 | -194 | 96 | 104 | -191 | 109 | 106 |
| Tax % | -6% | 15% | 55% | 168% | 10% | 9% | 11% | 15% | 3% | 22% | -27% | 6% | 4% |
| Net Profit | 90 | 75 | 37 | -12 | 64 | 69 | 102 | -223 | 93 | 81 | -138 | 102 | 102 |
| EPS in Rs | 6.14 | 5.17 | 2.53 | -0.81 | 4.46 | 4.77 | 7.08 | -15.47 | 6.6 | 5.73 | -9.81 | 7.26 | 7.19 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,546 | 3,835 | 4,385 | 5,833 | 7,093 | 8,485 | 9,127 | 10,059 | 11,346 | 12,261 | 13,189 | 15,982 | 17,037 |
| Expenses | 3,388 | 3,666 | 4,165 | 5,533 | 6,742 | 7,969 | 8,607 | 9,561 | 10,854 | 11,743 | 12,891 | 15,265 | 16,265 |
| Operating Profit | 158 | 169 | 220 | 300 | 352 | 516 | 521 | 498 | 492 | 519 | 298 | 717 | 772 |
| OPM % | 4.5% | 4.4% | 5% | 5% | 5% | 6% | 6% | 5% | 4.3% | 4.2% | 2.3% | 4.5% | 4.5% |
| Other Income | 17 | 15 | 3 | 36 | 18 | 53 | 202 | 55 | 43 | 68 | 94 | -210 | -216 |
| Interest | 48 | 48 | 77 | 92 | 94 | 152 | 127 | 98 | 115 | 148 | 161 | 175 | 192 |
| Depreciation | 45 | 43 | 36 | 56 | 66 | 128 | 113 | 112 | 135 | 166 | 164 | 215 | 236 |
| PBT | 82 | 94 | 110 | 187 | 210 | 289 | 483 | 344 | 285 | 272 | 67 | 117 | 128 |
| Tax % | 41% | 31% | 1% | 13% | -2% | 22% | 24% | 5% | -22% | 30% | 82% | -18% | — |
| Net Profit | 48 | 74 | 110 | 163 | 215 | 225 | 367 | 326 | 346 | 190 | 12 | 138 | 147 |
| EPS in Rs | 50.55 | 61.07 | 8.14 | 11.07 | 14.72 | 15.38 | 24.64 | 22.11 | 23.77 | 13.19 | 0.82 | 9.75 | 10.37 |
| Div. Payout % | 26% | 36% | 0% | 16% | 12% | 13% | 0% | 0% | 0% | 0% | 0% | 72% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 69 | 73 | 73 | 73 | 74 | 74 | 73 | 72 | 72 | 71 |
| Reserves | 391 | 443 | 522 | 955 | 1,177 | 1,315 | 1,757 | 1,998 | 2,260 | 2,341 | 2,336 | 2,475 |
| Borrowings | 444 | 446 | 700 | 557 | 975 | 1,214 | 1,356 | 1,451 | 1,647 | 1,658 | 1,645 | 1,789 |
| Other Liabilities | 623 | 580 | 720 | 1,186 | 1,964 | 1,998 | 1,805 | 1,537 | 1,689 | 1,866 | 2,028 | 3,246 |
| Total Liabilities | 1,463 | 1,475 | 2,010 | 2,772 | 4,189 | 4,600 | 4,992 | 5,059 | 5,670 | 5,938 | 6,081 | 7,581 |
| Fixed Assets | 329 | 308 | 400 | 717 | 1,575 | 1,659 | 1,560 | 1,602 | 1,627 | 1,605 | 1,294 | 1,985 |
| CWIP | 7 | 0 | 4 | 5 | 9 | 13 | 17 | 23 | 41 | 35 | 36 | 64 |
| Investments | 10 | 12 | 97 | 92 | 121 | 93 | 94 | 96 | 98 | 116 | 148 | 186 |
| Other Assets | 1,117 | 1,155 | 1,509 | 1,957 | 2,485 | 2,835 | 3,322 | 3,338 | 3,903 | 4,182 | 4,604 | 5,346 |
| Total Assets | 1,463 | 1,475 | 2,010 | 2,772 | 4,189 | 4,600 | 4,992 | 5,059 | 5,670 | 5,938 | 6,081 | 7,581 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 71 | 73 | 100 | 215 | 205 | 201 | 640 | 234 | 171 | 394 | 742 | 770 |
| Investing | -110 | -52 | -297 | -122 | -553 | -269 | -126 | -119 | -137 | -107 | -476 | -34 |
| Financing | 152 | -64 | 193 | 99 | 127 | -141 | 44 | -351 | -229 | -340 | -14 | -620 |
| Net Cash Flow | 113 | -42 | -4 | 193 | -222 | -209 | 557 | -237 | -195 | -52 | 252 | 116 |
| Free Cash Flow | 25 | 9 | 35 | 163 | 122 | 124 | 593 | 131 | 52 | 239 | 602 | 593 |
| CFO/OP | 81 | 78 | 80 | 95 | 88 | 64 | 134 | 88 | 54 | 84 | 241 | 116 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 27 | 35 | 39 | 49 | 51 | 50 | 50 | 54 | 56 | 52 | 54 |
| Cash Conversion Cycle | 32 | 27 | 35 | 39 | 49 | 51 | 50 | 50 | 54 | 56 | 52 | 54 |
| Working Capital Days | 20 | -2 | -8 | 9 | 7 | -6 | -14 | -3 | 7 | -5 | 9 | 9 |
| ROCE % | 16% | 15% | 17% | 19% | 16% | 18% | 30% | 13% | 11% | 10% | 5% | 14% |
Documents
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Company Information
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)