SIS Ltd(SIS)

NSE: SISBSE: 540673

₹ 374.1+3.79%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 5,288 crNext results: 4 Nov 2026Website: www.sisindia.comUpdated: 24 Oct 2026

About

SIS Ltd is India's largest integrated security and facility management services company, also holding the #1 position in security services in Australia. The group employs over 3,00,475 personnel across India, Australia, New Zealand and Singapore, serving 22,000+ customers at 63,000+ sites. In FY26 it reported consolidated revenue of ₹15,981.53 cr across three segments: Security India (42.5%), Security International (42.0%), and Facility Management (15.5%).^[1][2][3]

Business segments

Security Services - India: ₹6,826.84 cr revenue, 42.5% of group, 5.1% EBIT margin in FY26, vs ₹5,576.4 Crore revenue in FY25. Provides manned guarding, electronic surveillance and alarm monitoring.^[3][1]
Security Services - International: ₹6,739.59 cr revenue, 42.0% of group, 3.5% EBIT margin in FY26, vs ₹5,429.9 Crore in FY25. Operates in Australia, New Zealand and Singapore.^[3][1]
Facility Management: ₹2,493.9 cr revenue, 15.5% of group, 5.2% EBIT margin in FY26, vs ₹2,247 Crore in FY25; its revenue share grew 4.0 percentage points over FY2018-FY2026.^[3][1]
Cash Logistics (joint venture) reported revenue of ₹633.8 Crore in FY24; over 70% of its contracts are directly with banks.^[4]

Services, brands and subsidiaries

Security brands: SIS (manned guarding), VProtect (alarm monitoring, ~30,000 connections as of Q3 FY26, vs 23,000+ in FY24), OneSIS (integrated security+FM), and SISCO (regional brand for SLV and UNIQ entities).^[1][4]
Facility Management brands: SMC, DTSS, RARE Hospitality (cleaning/housekeeping), Terminix SIS / PestX (pest control), and Adis Enterprises (pharma operations & maintenance).^[1]
International security delivered through MSS Security and Southern Cross Protection (Australia), Platform4Group / P4G (New Zealand), and Henderson Group (Singapore).^[1]
Cash Logistics operated through SIS Cash Services Ltd (joint venture with Prosegur, Spain) and SISCO; DRHP filed with SEBI on 28 March 2025 for an IPO.^[1]

Scale and reach

293 branch offices spanning 36 states and union territories, 50 regional offices, 22 training academies and coverage across 630+ districts in India as of FY25.^[1]
32 advanced training centres across 14 states with capacity to train over 35,000 personnel per year.^[1]
Integrated Command Center manages 500,000+ sites on a 24×7 basis.^[1]
India Security headcount was 2,48,743, FM headcount 85,212 and International headcount 11,116 as of Q3 FY26; group had 2,84,776 employees in FY24.^[5][4]

Market position

#1 in Security Solutions India, #1 in Facility Management India, #1 in Security Solutions Australia (21%+ market share), and #2 in Cash Logistics India.^[1]
SIS holds ~5% market share in India's security and FM market; global peers hold 10-15% in their respective markets.^[1]
After the APS acquisition (51% closed September 2025), SIS+APS combined India Security revenue is ~2x the nearest competitor.^[6]
India's organised security market is estimated at ~40% of total, vs ~75-80% in Australia; India's security services market is projected to reach US$16.97 bn by 2030 at 11.3% CAGR.^[5][1]

Key operating metrics

India Security Q1 FY27 revenue: ₹2,004 cr (+37.3% YoY), the first quarter above ₹2,000 cr; EBITDA margin 5.1% blended (5.5% ex-APS).^[7]
International Security Q1 FY27 revenue: ₹1,982 cr, +31% YoY and +7% in constant currency; EBITDA margin 3.5%.^[7]
FM Q1 FY27 EBITDA margin: 5.5%, up from ~4% at the start of the improvement journey; aspiration is ~6%.^[7]
DSO stood at 66 days in Q1 FY27, +3 days vs Q4 FY26. New order wins in Q3 FY26 were ~₹32 cr/month for India Security and ~₹27 cr/month for FM.^[7]
ROCE was 16.7% in Q1 FY27, up from a trough of 11.8% in Q1 FY25; ROE 15.8% from a trough of 9.4%.^[7]
SIS attrition ~32% vs industry ~42% in FY26.^[8]

Customers

22,000+ customers across 63,000+ sites as of 31 March 2025; verticals include IT/BPO, automotive, manufacturing, logistics, steel, metals, power, mining, and oil & gas.^[1]
About two-thirds of India revenue growth in Q2 FY26 was volume/new-contract led rather than price-led.^[6]

Acquisitions and corporate actions

51% of A P Securitas (APS) acquired in September 2025 for ₹71.2 cr; APS contributes ₹332 cr revenue and ₹12.2 cr EBITDA per quarter as of Q1 FY27. Remaining 49% to be acquired by 2028.^[6][7]
CMS (SIS Prosegur) IPO deferred; SEBI DRHP validity extended to 30 September 2026.^[7]
Fifth share buyback approved via open market for ₹106 cr at a maximum ₹478.50 per share.^[7]
Phased rollout of unified enterprise-wide systems under way (FY25) to address risks from multiple ERP platforms.^[1]

Regulatory developments

Labour Code model rules notified 8-9 May 2026; principal-employer liability makes clients responsible for contractor compliance.^[7]
Minimum wage hikes in Karnataka (20%+), Haryana (40%+), UP (23-24%), Telangana and Uttarakhand flow into revenue via pass-through clauses.^[7]
One-time exceptional charge of ₹290 cr in Q3 FY26 for prior-period gratuity and leave liabilities under revised Labour Code wage definitions.^[5]

Market Cap

₹5,288 Cr

High / Low

₹482 / 257

Stock P/E

34.5

Price / Book

2.0

Book Value

₹180

EPS

₹9.8

No. of Shares

14.13 Cr

ROCE

13.7%

ROE

5.6%

OPM

3.4%

Debt / Equity

0.56

Sales

₹15,982 Cr

Net Profit

₹138 Cr

Promoter holding

71.8%

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SIS Ltd(SIS)

About

Business segments

Services, brands and subsidiaries

Scale and reach

Market position

Key operating metrics

Customers

Acquisitions and corporate actions

Regulatory developments

Signal history

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