SIS is the 2nd largest security services provider in India, and the fastest growing security services provider in India. Between Fiscal Years 2013 and 2017, revenue from operations from the security services business in India grew at a CAGR of 29.67%. The security services market has historically grown at 2.5- 3x GDP growth rate. Hence, India, being the fastest growing major economy in the world, offers significant opportunities for security services. Moreover, Rising security concerns arising out of increasing terror threats faced by countries, and a low police-to-citizen ratio, have rendered the system incapable of catering to the needs of a growing population. These factors, coupled with the nation’s steady economic progress will drive the growth in demand for private security services, domestically and globally.Estimating the share price of the company as per P/E valuation, putting the estimated P/E of FY19E at 49x & the estimated EPS at ` 29.35 ,the estimated share price for next 1 year tenure turns around to be ` 1440. Therefore, we recommend to BUY.