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    Buy SIS, target price Rs 620: Motilal Oswal

    Synopsis

    SIS Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 6141.54 Crore) operating in Services sector.

    iStock
    Promoters held 73.3 per cent stake in the company as of Dec 30, 2020, while FIIs held 12.3 per cent, DIIs 6.7 per cent and public and others 7.6 per cent.

    INSIGHTS

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    Motilal Oswal has buy call on Security and Intelligence Services (India) with a target price of Rs 620. The current market price of Security and Intelligence Services (India) Ltd. is Rs 410.

    Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 6141.54 Crore) operating in Services sector.

    Financials
    For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2357.51 Crore, up 9.25 % from last quarter Sales of Rs 2157.86 Crore and up 8.23 % from last year same quarter Sales of Rs 2178.17 Crore Company reported net profit after tax of Rs 99.20 Crore in latest quarter.
    SIS

    Investment Rationale
    TP implies a target P/E multiple of ~27x/21x for FY22E/FY23E. The brokerage views this as reasonable, given its strong growth profile and unique resilience to macroeconomic shocks.

    Promoter/FII Holdings
    Promoters held 73.3 per cent stake in the company as of Dec 30, 2020, while FIIs held 12.3 per cent, DIIs 6.7 per cent and public and others 7.6 per cent.
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