India's largest security & facility-management firm; also #1 security provider in Australia.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,468 | +13.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 6.0 | 0.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 54.0 | −40.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 16.23 | +13.5 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 3.71 | −0.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 25.21 | +13.6 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
4 of 7 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Return Ratios (ROCE) | 15% plus, 20% plus | Q3 FY25 | ROCE improved further to 16.7%, remaining solidly within the 15-20%+ target range. | Achieved |
| OCF to EBITDA Conversion | 60-65% | Q3 FY25 | Not mentioned in the Q1 FY27 call. | Ghosted |
| India Security EBITDA Margin | at and above 6% | Q3 FY25 | 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. | At Risk |
3 of SIS LIMITED's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹343.4 on 24 Oct 2025 → ₹375.15. High ₹441.5 (24 Jun 2026), low ₹263.75 (23 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
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
close before → close after
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.
Guidance
4 of 7 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Return Ratios (ROCE) | 15% plus, 20% plus | Q3 FY25 | ROCE improved further to 16.7%, remaining solidly within the 15-20%+ target range. | Achieved |
| OCF to EBITDA Conversion | 60-65% | Q3 FY25 | Not mentioned in the Q1 FY27 call. | Ghosted |
| India Security EBITDA Margin | at and above 6% | Q3 FY25 | 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. | At Risk |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 20 tracked commitments, with each call’s wording and source.
Call summaries
SIS LIMITED Q1 FY27
SIS Limited reported a strong Q1 FY27 with robust revenue growth of 29.7% YoY to ₹4,604 crores and a 36.2% YoY increase in EBITDA to ₹207 crores. The company highlighted the positive tailwind from new Labor Codes in India, expected to be accretive to EBITDA and PAT in coming quarters. SIS also announced its fifth share buyback of ₹106 crores through an open market program, reinforcing its commitment to capital returns.
Read the full callSIS Q4 FY26
SIS delivered a milestone Q4 FY26, achieving record revenue, EBITDA, and operating PAT, driven by strong execution across all business segments. The company reported significant year-on-year growth in revenue and profitability, alongside improvements in operational efficiency metrics like DSO and ROCE. Management highlighted the sustainability of growth and margins, while addressing the impact of new Labour Codes and the deferred Cash IPO.
Read the full callSIS Q3 FY26
SIS delivered a strong Q3 FY26, achieving record revenues and EBITDA, driven by robust performance across all segments. The quarter was marked by a significant one-time charge of ₹290 crores related to new Labor Codes, which management views as a conservative provision with high recovery potential. The company also highlighted improved operational efficiency and a commitment to enhanced shareholder returns through both dividends and potential buybacks.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: −41% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,225 | 1,255 | 1,269 | 1,289 | 1,365 | 1,396 | 1,406 | 1,468 |
| Expenses | 1,154 | 1,184 | 1,201 | 1,217 | 1,287 | 1,316 | 1,326 | 1,384 |
| Operating profit | 71 | 70 | 68 | 73 | 78 | 80 | 81 | 84 |
| Operating margin | 6.0% | 6.0% | 5.0% | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% |
| Other income | 8 | 17 | 10 | 64 | 88 | -267 | 1 | 4 |
| Interest | 23 | 21 | 21 | 24 | 18 | 17 | 15 | 20 |
| Depreciation | 16 | 17 | 18 | 16 | 19 | 20 | 23 | 17 |
| Profit before tax | 39 | 50 | 38 | 96 | 128 | -223 | 44 | 51 |
| Tax rate | 3.0% | 3.0% | 61.0% | 5.0% | 7.0% | −21.0% | −47.0% | −5.0% |
| Net profit | 38 | 48 | 15 | 91 | 120 | -175 | 65 | 54 |
| EPS (₹ per share) | 2.60 | 3.34 | 1.02 | 6.47 | 8.49 | -12.40 | 4.60 | 3.81 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 11,346 | 4,541 | 4,932 | 5,456 |
| Expenses | 10,854 | 4,274 | 4,656 | 5,146 |
| Operating profit | 492 | 267 | 275 | 312 |
| Other income | 42 | 84 | 39 | -114 |
| Interest | 116 | 88 | 88 | 74 |
| Depreciation | 135 | 74 | 69 | 78 |
| Profit before tax | 285 | 189 | 156 | 45 |
| Net profit | 346 | 187 | 129 | 101 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 74 | 73 | 72 | 72 | 70 | 71 |
| Reserves | 763 | 874 | 957 | 1,075 | 2,444 | 1,009 |
| Borrowings | 689 | 810 | 921 | 930 | 1,687 | 577 |
| Other liabilities | 466 | 565 | 637 | 721 | 2,496 | 954 |
| Total liabilities | 1,991 | 2,322 | 2,587 | 2,798 | 6,698 | 2,610 |
| Fixed assets | 124 | 148 | 211 | 200 | 1,512 | 221 |
| Capital work in progress | 21 | 32 | 1 | 3 | 22 | 1 |
| Investments | 577 | 591 | 595 | 600 | 174 | 689 |
| Other assets | 1,270 | 1,552 | 1,781 | 1,996 | 4,991 | 1,700 |
| Total assets | 1,991 | 2,322 | 2,587 | 2,798 | 6,698 | 2,610 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 297 | 128 | 69 | 107 | 474 | 310 |
| Cash from investing | -166 | 112 | -45 | 24 | -355 | 322 |
| Cash from financing | 97 | -346 | -167 | -180 | 68 | -550 |
| Net cash flow | 228 | -106 | -143 | -50 | 187 | 82 |
| Free cash flow | 278 | 68 | -3 | 20 | 430 | 264 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 54 | 56 | 63 | 64 | 51 | 49 |
| Cash conversion cycle | 54 | 56 | 63 | 64 | 51 | 49 |
| Working capital days | -9 | -14 | 9 | 7 | 0 | 19 |
| Return on capital employed | 10.0% | 11.0% | 12.0% | 15.0% | 12.0% | 16.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 98.0% |
The businesses behind the company’s reported revenue.
Security services – India contributes 43.3% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
₹2,004.08 crore
₹1,981.94 crore
₹641.95 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Security services – India | 2,004.08 | 43.3% |
| Security services – International | 1,981.94 | 42.8% |
| Facilities management | 641.95 | 13.9% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Facilities management shrank from 17% to 14% of revenue over the last two years.
| Segment | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Security services – India | 42% | 43% | — | — | 41% | 41% | 43% | 43% | +37.3% |
| Security services – International | 42% | 41% | 41% | — | 42% | 43% | 43% | 43% | +31.0% |
| Facilities management | 17% | — | 17% | — | 17% | 17% | 14% | 14% | +8.0% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Promoters hold 71.84% as of Sept 2026; institutions cut 0.98 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 2 holders trimming and 2 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of SIS LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 39.15% | unchanged | |
| 15.97% | unchanged | |
| 11.13% | unchanged | |
| Global fund house | 4.20% | −0.37 pp |
| 3.24% | unchanged | |
| 2.17% | unchanged | |
| FPI fund | 2.12% | unchanged |
| Mutual fund | 2.04% | −0.42 pp |
| Global fund house | 1.74% | unchanged |
| 1.45% | newly disclosed | |
| 1.04% | newly disclosed | |
| 1.01% | newly disclosed |
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.
Your own record
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