Market Leader stock engaged in providing Security, Facility management & Cash Logistics solutions jumped 10 percent in the day’s trade after Foreign Institutional Investor Abu Dhabi Investment Authority purchased stake in the company.
Price action
With a market capitalization of Rs. 6,335 Crores, the shares of SIS Limited were trading at Rs. 439.55 per equity share, up 6 percent from its previous day’s close price of Rs. 415.20.
What Happened
As per the Bulk deal data available on BSE, Foreign Institutional Investor Abu Dhabi Investment Authority Stable has purchased ~21.96 Lakh equity shares of SIS Limited at Rs. 415 per equity share. In addition 360 one mutual fund has also picked 29.84 lakh equity shares of SIS Limited at Rs. 415 per equity share.
Regarding the sellers, American Funds Insurance Series Global Small Capitalization Fund and SmallCap World Fund INC have sold ~10.45 lakh equity shares and ~51.81 lakh equity shares at Rs. 415.02 per equity share respectively.
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About the Company
SIS Limited is directly and indirectly engaged in rendering security and related services consisting of manned guarding, training, and indirectly engaged in paramedic and emergency response service, facility management and many more. It is a Market Leader in Bank Outsourcing Solutions.
Some of its other services consists of cash logistics services, ATM cash replenishment activities and secure transportation of precious items and bullion, trading and installation of electronic security devices and systems, housekeeping and pest control management services and many more.
As of Q1FY25, it generated 42 percent of its revenue from security services in India, 16 percent from facility management solutions and 32 percent from international security services.
Financials and Ratios
Its Revenue from Operations grew by 5.14 percent from Rs. 2,977 Crores in Q1FY24 to Rs. 3,130 Crores in Q1FY25, accompanied by profits of Rs. 90 Crores to Rs. 64 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 7.90 percent and a return on capital employed (ROCE) of 10.3 percent. It has reported a debt-to-equity ratio of 0.69.
Written by: Bharath K.S
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