Buy SIS, target price Rs 475: Axis Securities

Axis Securities has buy call on SIS with a target price of Rs 475. The current market price of SIS Ltd. is Rs 410.05 .
SIS Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 6089.63 Crore) operating in Services sector.

SIS Ltd. key Products/Revenue Segments include Income from Investigation & Security Services, Other Operating Revenue, Electronic Security Systems and Other Services for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 2775.77 Crore, up 3.38 % from last quarter Total Income of Rs 2684.92 Crore and up 13.79 % from last year same quarter Total Income of Rs 2439.34 Crore. Company reported net profit after tax of Rs 65.28 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 71.55 per cent stake in the company as of 30-Jun-2022, while FIIs owned 15.97 per cent, DIIs 3.98 per cent.