Financials Security and Intelligence Services (India) Limited NSE India S.E.

Equities

SIS

INE285J01010

Business Support Services

End-of-day quote NSE India S.E. 5-day change 1st Jan Change
- INR -.--% Intraday chart for Security and Intelligence Services (India) Limited +4.97% +5.82%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 62,206 63,120 57,840 71,317 46,728 65,587 - -
Enterprise Value (EV) 1 66,207 64,070 61,600 78,187 55,344 58,973 65,587 65,587
P/E ratio 29.2 x 28.5 x 15.8 x 22.2 x 13.7 x 31.6 x 21.2 x 14.8 x
Yield 0.41% 0.46% - - - - - -
Capitalization / Revenue 0.88 x 0.74 x 0.63 x 0.71 x 0.41 x 0.48 x 0.48 x 0.43 x
EV / Revenue 0.93 x 0.76 x 0.67 x 0.78 x 0.49 x 0.48 x 0.48 x 0.43 x
EV / EBITDA 18.1 x 12.3 x 11.8 x 15.7 x 11.3 x 10.1 x 10.1 x 8.23 x
EV / FCF 54.3 x 54.4 x 10.4 x 59.5 x 179 x 24 x 14.4 x 12 x
FCF Yield 1.84% 1.84% 9.63% 1.68% 0.56% 4.17% 6.93% 8.32%
Price to Book 4.99 x 4.55 x 3.16 x 3.44 x 2 x 1.84 x 1.38 x 1.15 x
Nbr of stocks (in thousands) 146,625 146,638 148,250 147,031 145,729 144,100 - -
Reference price 2 424.2 430.4 390.2 485.0 320.6 455.2 455.2 455.2
Announcement Date 5/2/19 4/30/20 4/28/21 5/4/22 5/3/23 5/1/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 70,933 84,852 91,273 100,591 113,458 122,614 137,202 153,010
EBITDA 1 3,652 5,204 5,208 4,985 4,915 5,845 6,468 7,972
EBIT 1 2,992 3,921 4,078 3,869 3,568 4,181 4,753 6,206
Operating Margin 4.22% 4.62% 4.47% 3.85% 3.15% 3.41% 3.46% 4.06%
Earnings before Tax (EBT) 1 2,231 2,891 4,826 3,439 2,849 2,719 4,046 4,901
Net income 1 2,147 2,255 3,672 3,259 3,465 1,900 3,000 4,519
Net margin 3.03% 2.66% 4.02% 3.24% 3.05% 1.55% 2.19% 2.95%
EPS 2 14.50 15.13 24.73 21.87 23.43 12.97 21.50 30.83
Free Cash Flow 1 1,219 1,178 5,931 1,314 309.8 2,992 4,543 5,454
FCF margin 1.72% 1.39% 6.5% 1.31% 0.27% 2.39% 3.31% 3.56%
FCF Conversion (EBITDA) 33.39% 22.64% 113.89% 26.37% 6.3% 50.64% 70.24% 68.42%
FCF Conversion (Net income) 56.79% 52.27% 161.52% 40.33% 8.94% 98.62% 151.43% 120.68%
Dividend per Share 1.750 2.000 - - - - - -
Announcement Date 5/2/19 4/30/20 4/28/21 5/4/22 5/3/23 5/1/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 23,575 24,452 23,793 24,309 26,008 26,480 26,782 27,677 29,043 29,957 29,767 30,401 31,804 32,053
EBITDA 1 1,469 1,233 1,213 1,231 1,297 1,244 1,207 1,098 1,264 1,347 1,390 1,410 1,521 1,635
EBIT 1 1,192 947.8 943.6 966 1,014 945.5 921.3 767 921.7 958.9 1,033 1,064 1,114 1,159
Operating Margin 5.06% 3.88% 3.97% 3.97% 3.9% 3.57% 3.44% 2.77% 3.17% 3.2% 3.47% 3.5% 3.5% 3.62%
Earnings before Tax (EBT) 1 1,291 1,409 807.1 795.9 1,044 791.3 745.9 572.3 655.2 854.2 845.5 818 845 809
Net income 1 990.2 1,022 595 683.8 1,006 973.8 825.4 674 1,034 931.1 895 818 869 713
Net margin 4.2% 4.18% 2.5% 2.81% 3.87% 3.68% 3.08% 2.44% 3.56% 3.11% 3.01% 2.69% 2.73% 2.22%
EPS 2 6.640 6.880 3.950 4.600 6.770 6.540 5.560 4.540 7.010 6.330 6.090 5.600 6.000 4.900
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/3/21 4/28/21 7/28/21 10/27/21 2/3/22 5/4/22 7/26/22 11/2/22 2/2/23 5/3/23 7/26/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,001 949 3,760 6,870 8,616 6,119 - -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.096 x 0.1824 x 0.722 x 1.378 x 1.753 x 1.036 x - -
Free Cash Flow 1 1,219 1,178 5,931 1,314 310 2,993 4,543 5,454
ROE (net income / shareholders' equity) 18.8% 22.1% 22.8% 16.7% 15.7% 12.4% 15.7% 16.6%
ROA (Net income/ Total Assets) 6.12% 5.08% - - - - - -
Assets 1 35,090 44,382 - - - - - -
Book Value Per Share 2 85.00 94.70 123.0 141.0 160.0 247.0 330.0 395.0
Cash Flow per Share - - - 15.70 - - - -
Capex 1 829 835 685 1,083 1,293 1,308 1,430 1,526
Capex / Sales 1.17% 0.98% 0.75% 1.08% 1.14% 1.04% 1.04% 1%
Announcement Date 5/2/19 4/30/20 4/28/21 5/4/22 5/3/23 5/1/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
455.2 INR
Average target price
567.8 INR
Spread / Average Target
+24.74%
Consensus
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  5. Financials Security and Intelligence Services (India) Limited