SIS

SIS share price & financials

Price
₹433.6
Market cap
₹6.2k Cr
Sector
Consumer Services
Calls analysed
7
Latest concall · Q1 FY27 · call held 06 Aug 2026

SIS LIMITED Q1 FY27

Revenue ₹4,604 cr +30%EBITDA ₹207 cr +36%EBITDA Margin 4.5% PAT ₹101.7 cr

What went well

  • Robust revenue growth of 29.7% YoY to ₹4,604 crores, demonstrating strong execution across business lines.
  • EBITDA increased by 36.2% YoY to ₹207 crores, with margin expanding to 4.5%.
  • India Security segment crossed ₹2,000 crores in quarterly revenue for the first time, growing 37.3% YoY.

What to watch

  • DSO increased by 3 days to 66 days, though management attributes this to Q1 seasonality.
  • Timing mismatch in passing on minimum wage hikes in Australia, leading to a temporary margin impact.
Read the full call →

What SIS LIMITED does

SIS Limited is a manpower-led services company delivering security guarding and electronic surveillance, integrated facility management (housekeeping, mechanized cleaning, support staff), and cash logistics (via a Prosegur joint venture) to corporate, retail, industrial, government and institutional clients. It earns revenue on long-term B2B service contracts billed on manpower deployed, sites serviced and value-added technology (alarm monitoring, GPS-based patrolling, cash-in-transit) layered on top. Beyond India, it operates security solutions businesses in Australia, New Zealand and Singapore, acquired largely through overseas M&A (e.g., MSS in Australia, and a 51% stake in A P Securitas in Q2 FY26). The group also operates the largest private electronic surveillance command centre in India, monitoring over half a million customer sites.

Segments

  • Security Solutions – India
  • Security Solutions – International
  • Facility Management Solutions
  • Cash Logistics Solutions
Market position
#1 in Security Solutions in India, #1 in Facility Management in India, #1 in Security Solutions in Australia, top-3 in New Zealand, top-5 in Singapore, #2 in Cash Logistics in India
Operating segments
4 (Security Solutions – India, Security Solutions – International, Facility Management, Cash Logistics)
Customer base
22,000+ customers as of 31 March 2025
Customer sites serviced
63,000+ sites as of 31 March 2025
Security Solutions – India footprint
171 branches and 2,02,376 employees (Sep 2025), across six operating entities
Facility Management footprint
90 branches and 85,370 employees (Sep 2025), across five operating entities
Founded 1974Headquarters Patna, Bihar, India (registered office); Bangalore corporate office Company website

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 4 delivered 3 missed 13 open
  • Return Ratios (ROCE) delivered said Q3 FY25 Promised: 15% plus, 20% plus Q1 FY27: ROCE improved further to 16.7%, remaining solidly within the 15-20%+ target range.
  • OCF to EBITDA Conversion went quiet said Q3 FY25 Promised: 60-65% Q1 FY27: Not mentioned in the Q1 FY27 call.
  • India Security EBITDA Margin at risk said Q3 FY25 Promised: at and above 6% Q1 FY27: Actual blended margin remained flat at 5.1%. Management reiterated the objective to move towards a '5.5%, 6% ballpark range' for the India business, but the gap to the original 6% target remains.

All 20 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 29.8%, net profit up 9.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue3,269 3,362 3,428 3,548 3,759 +15%4,185 +24%4,489 +31%4,604 +30%
EBITDA145 157 165 152 168 +16%189 +20%207 +25%207 +36%
Net profit69 102 -223 93 81 +17%-138 −235%102 +146%102 +10%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +19.1% 1Y

₹250₹300₹350₹400₹450Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q1 FY26 — 10 Sept 2025Q2 FY26 — 6 Nov 2025Q3 FY26 — 30 Jan 2026Q4 FY26 — 4 May 2026Q1 FY27 — 6 Aug 2026

1Y: ₹352.1 on 10 Sept 2025 → ₹419.3. High ₹441.5 (24 Jun 2026), low ₹263.75 (23 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+1.2%
6 Aug
Q4 FY26
+12.7%
4 May
Q3 FY26
+3.1%
30 Jan
Q2 FY26
+2.5%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 12.1% a year over 3 years, FY23 to FY26. Operating margin held at 4.5%.

Year endingFY23FY24FY25FY26
Revenue₹11.3k Cr₹12.3k Cr₹13.2k Cr₹16.0k Cr
Operating profit₹492 Cr₹518 Cr₹604 Cr₹716 Cr
Operating margin4.3%4.2%4.6%4.5%
Interest₹116 Cr₹148 Cr₹161 Cr₹175 Cr
Depreciation₹135 Cr₹167 Cr₹164 Cr₹216 Cr
Net profit₹346 Cr₹190 Cr₹12 Cr₹138 Cr
Net margin3.0%1.5%0.1%0.9%
Cash from operations₹171 Cr₹394 Cr₹742 Cr₹770 Cr
Free cash flow₹52 Cr₹239 Cr₹602 Cr₹593 Cr
ROCE11.0%10.0%5.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹74 Cr₹74 Cr₹73 Cr₹72 Cr₹70 Cr₹71 Cr
Reserves₹1.8k Cr₹2.0k Cr₹2.3k Cr₹2.3k Cr₹2.4k Cr₹2.5k Cr
Borrowings₹1.4k Cr₹1.5k Cr₹1.6k Cr₹1.7k Cr₹1.7k Cr₹1.8k Cr
Other liabilities₹1.8k Cr₹1.5k Cr₹1.7k Cr₹1.9k Cr₹2.5k Cr₹3.2k Cr
Total liabilities₹5.0k Cr₹5.1k Cr₹5.7k Cr₹5.9k Cr₹6.7k Cr₹7.6k Cr
Fixed assets₹1.6k Cr₹1.6k Cr₹1.6k Cr₹1.6k Cr₹1.5k Cr₹2.0k Cr
Capital work in progress₹17 Cr₹23 Cr₹41 Cr₹35 Cr₹22 Cr₹64 Cr
Investments₹94 Cr₹96 Cr₹98 Cr₹116 Cr₹174 Cr₹186 Cr
Other assets₹3.3k Cr₹3.3k Cr₹3.9k Cr₹4.2k Cr₹5.0k Cr₹5.3k Cr
Total assets₹5.0k Cr₹5.1k Cr₹5.7k Cr₹5.9k Cr₹6.7k Cr₹7.6k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.96 pp while FIIs added +0.84 pp. The shareholder count grew 69% to 64,694.

Promoters
71.9%
FIIs
13.3%
DIIs
6.3%
Public
8.6%

Since Jun 2025

  • Public −0.96 pp
  • FIIs +0.84 pp
  • DIIs +0.42 pp

How it drifted, 12 quarters

Over this window DIIs went from 3.1% to 6.3% — +3.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 71.6%, FIIs 16.3%, DIIs 3.1%, Public 9.0%.Dec '23: Promoters 71.6%, FIIs 16.4%, DIIs 3.2%, Public 8.8%.Mar '24: Promoters 71.7%, FIIs 16.9%, DIIs 2.9%, Public 8.5%.Jun '24: Promoters 71.7%, FIIs 16.6%, DIIs 3.0%, Public 8.7%.Sep '24: Promoters 71.8%, FIIs 13.6%, DIIs 5.3%, Public 9.3%.Dec '24: Promoters 72.1%, FIIs 13.2%, DIIs 5.3%, Public 9.5%.Mar '25: Promoters 72.0%, FIIs 13.0%, DIIs 5.3%, Public 9.8%.Jun '25: Promoters 72.1%, FIIs 12.4%, DIIs 5.8%, Public 9.6%.Sep '25: Promoters 72.1%, FIIs 13.2%, DIIs 5.9%, Public 8.8%.Dec '25: Promoters 72.0%, FIIs 11.8%, DIIs 7.2%, Public 9.1%.Mar '26: Promoters 71.9%, FIIs 12.6%, DIIs 6.6%, Public 8.9%.Jun '26: Promoters 71.9%, FIIs 13.3%, DIIs 6.3%, Public 8.6%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of SIS LIMITED above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ravindra Kishore Sinha 39.17%unchanged
Rita Kishore Sinha 15.97%unchanged
Rituraj Kishore Sinha 11.14%unchanged
Fidelity Funds - Asian Smaller Companies Pool Global fund house4.57%unchanged
Rivoli Sinha 3.24%unchanged
360 One Focused Equity Fund Mutual fund2.52%unchanged
Bandhan Small Cap Fund Mutual fund2.46%−0.36 pp
Vocational Skills Council India Private Limited 2.17%unchanged
Steinberg India Emerging Opportunities Fund Limited FPI fund2.12%unchanged
Fidelity Asian Values Plc Global fund house1.74%unchanged
Haakan Gustaf Oscar Winberg 1.14%unchanged
Pallavi Sinha 0.15%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse SIS LIMITED

Guides on how to read this kind of business and the numbers that matter.