SIS Ltd. share price target

Quarterly Update Q3FY25

Quarterly Update Q2FY25

Given the company's strong recovery potential backed by strong deal wins and improved client engagement, we maintain our BUY recommendation on the stock

SIS (SECIS)’s 2QFY25 revenue was up 6.3% YoY/4.4% QoQ at INR32.68b, largely in line with our estimate of INR34.51b.

Quarterly Update Q1FY25

We maintain our BUY recommendation on the stock.

Quarterly Update Q4FY24

Recommendation: Given the company's strong recovery potential backed by strong deal wins and improved client engagement, we maintain our BUY recommendation on the stock.

Given the company's strong recovery potential backed by strong deal wins and improved client engagement, we maintain our BUY recommendation on the stock.

Quarterly Update Q3FY24

Quarterly Update Q2FY24

Given the company's strong recovery potential backed by strong deal wins and improved client engagement, we maintain our BUY recommendation on the stock.

Initiating Coverage Report

Recommendation: Given the company's strong recovery potential backed by strong deal wins and improved client engagement, we maintain our BUY recommendation on the stock.

Given the company's strong recovery potential backed by strong deal wins and improved client engagement, we maintain our BUY recommendation on the stock.

Recommendation: Given the company's strong recovery potential backed by strong deal wins and improved client engagement, we maintain our BUY recommendation on the stock.

We recommend a BUY rating on the stock and assign an 18x P/E multiple to its FY24E earnings of Rs 28.4/share which gives a TP of Rs 475/share, implying an upside of 15% from the CMP.

We recommend a BUY rating on the stock and assign a 21x P/E multiple to its FY24E earnings of Rs 28.4/share which gives a TP of Rs 590/share, implying an upside of 13% from the CMP.

We recommend a BUY rating on the stock and assign a 21x P/E multiple to its FY24E earnings of Rs 28.4/share which gives a TP of Rs 590/share, implying an upside of 13% from CMP.

SIS (SECIS) reported better-than-expected revenue with margin hit by onetime higher employee payout (EBITDA margin of 5.0% v/s 5.3% expected) and lower other income. Accordingly, PAT missed our estimate by 3.6%. 3QFY22 topline was driven by seasonal strength in the Australia business. Management commentary suggests that outlook on India demand continues to remain on track, with strong demand both for security services and facility management. SIS should see a further pick-up in growth in its India business, as industries (such as IT services and railways) return to normalcy over the next few quarters. This, in our view, should help the company more...