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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SIS Ltd

About the Company - SIS Ltd

SIS Ltd. is a Public Limited Listed company incorporated on 02/01/1985 and has its registered office in the State of Bihar, India. Company’s Corporate Identification Number(CIN) is L75230BR1985PLC002083 and registration number is 002083. Currently company belongs to the Industry of Services - Others. Company’s Total Operating Revenue is Rs. 3317.85 Cr. and Equity Capital is Rs. 73.52 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Services - OthersAnnapoorna Bhawan, Telephone Exchange Road, Patna Bihar 800010investorrelations@sisindia.com
http://www.sisindia.com
Management
NamePosition Held
Mr. Ravindra Kishore SinhaChairman & Director
Mr. Rita Kishore SinhaNon Executive Director
Mr. Uday SinghNon Executive Director
Mrs. Rituraj Kishore SinhaGroup Managing Director
Mr. Amrendra Prasad VermaIndependent Director
Mr. Devdas ApteIndependent Director
Mr. T C A RanganathanIndependent Director
Mr. Rajan Krishnanath MedhekarIndependent Director
Ms. Renu MattooIndependent Director
Mr. Sunil SrivastavIndependent Director
Mr. Arvind Kumar PrasadDirector - Finance
Mr. Upendra Kumar SinhaAddnl. & Ind.Director
Mr. Rajan VermaIndependent Director

SIS Ltd. Share Price Update

Share PriceValue
Today₹438.00
Previous Day₹435.55

Basic Stock Data of SIS Ltd

Market Cap 6,410 Cr.
Current Price 440
High / Low565/318
Stock P/E21.8
Book Value 170
Dividend Yield0.00 %
ROCE10.6 %
ROE15.6 %
Face Value 5.00

Data Source: screener.in

Competitors of SIS Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
ICRA Ltd 5,724 Cr. 5,9316,249/4,25140.1 9300.69 %20.0 %15.1 % 10.0
NESCO Ltd 6,227 Cr. 884934/50518.2 2980.50 %21.8 %16.7 % 2.00
Team Lease Services Ltd 5,315 Cr. 3,1703,600/2,00749.8 4420.00 %13.9 %14.4 % 10.0
Touchwood Entertainment Ltd 174 Cr. 157227/12952.6 30.30.23 %21.1 %15.2 % 10.0
Ace Integrated Solutions Ltd 39.3 Cr. 38.657.8/30.6 17.90.00 %3.88 %2.80 % 10.0
Industry Average45.86 Cr217.5232.14343.640.28%16.14%12.84%8.4

SIS Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2,1582,3582,4452,3792,4312,6012,6482,6782,7682,9042,9962,9773,074
Expenses2,0282,2112,3222,2592,3092,4712,5242,5572,6582,7782,8612,8382,929
Operating Profit130147123121122129124121110126135139144
OPM %6%6%5%5%5%5%5%5%4%4%4%5%5%
Other Income6738741282897104211419
Interest33292825252425252831323335
Depreciation28282927262830293334393640
Profit before tax135129141818010479755966858588
Tax %20%23%27%26%14%4%-23%-11%-14%-58%-9%-6%15%
Net Profit108991026068101978367103939075
EPS in Rs7.326.686.904.044.656.846.605.614.587.036.396.145.17

SIS Ltd Quarterly Chart

SIS Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,4052,6403,0923,5463,8354,3855,8337,0938,4859,12710,05911,34611,950
Expenses2,2402,5172,9453,3883,6664,1655,5336,7427,9698,6079,56110,85411,406
Operating Profit165123147158169220300352516521498492545
OPM %7%5%5%4%4%5%5%5%6%6%5%4%5%
Other Income11161217153361853202554359
Interest313126484877929415212798115130
Depreciation2126314543365666128113112135149
Profit before tax123831028294110187210289483344285324
Tax %30%34%36%41%31%1%13%-2%22%24%5%-22%
Net Profit8654654874110163215225367326346361
EPS in Rs80.3053.4155.3750.5561.078.1411.0714.7215.3824.6422.1123.7724.73
Dividend Payout %3%18%32%26%36%0%16%12%13%0%0%0%

SIS Ltd Profit & Loss Yearly Chart

SIS Ltd Growth

Compounded Sales Growth
10 Years:16%
5 Years:14%
3 Years:10%
TTM:10%
Compounded Profit Growth
10 Years:20%
5 Years:16%
3 Years:15%
TTM:-16%
Stock Price CAGR
10 Years:%
5 Years:3%
3 Years:1%
1 Year:23%
Return on Equity
10 Years:20%
5 Years:20%
3 Years:21%
Last Year:16%

SIS Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital556666973737374747373
Reserves2593113863914435229551,1771,3151,7571,9982,2602,403
Preference Capital16160000000000
Borrowings2332092474444467005579751,2141,4731,4511,6471,721
Other Liabilities4465135176235807201,1861,9641,9981,6891,5371,6891,838
Total Liabilities9431,0371,1561,4631,4752,0102,7724,1894,6004,9925,0595,6706,035
Fixed Assets2092312513293084007171,5751,6591,5601,6021,6271,648
CWIP568704591317234120
Investments1011111012979212193949698105
Other Assets7197888851,1171,1551,5091,9572,4852,8353,3223,3383,9034,261
Total Assets9431,0371,1561,4631,4752,0102,7724,1894,6004,9925,0595,6706,035

SIS Ltd Reserves and Borrowings Chart

SIS Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 7173100215205201640234171
Cash from Investing Activity -110-52-297-122-553-269-126-119-137
Cash from Financing Activity 152-6419399127-14144-351-229
Net Cash Flow113-42-4193-222-209557-237-195

SIS Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days394130322735394951505054
Inventory Days
Days Payable
Cash Conversion Cycle394130322735394951505054
Working Capital Days111516201915192417112431
ROCE %20%20%16%15%17%19%16%18%30%13%11%

SIS Ltd Financial Efficiency Indicators Chart

SIS Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters73.34%72.88%72.88%72.81%71.62%71.55%71.55%71.48%71.59%71.59%71.59%71.59%
FIIs12.32%11.45%11.48%12.00%15.12%15.42%15.97%15.03%14.66%14.95%15.25%16.31%
DIIs6.71%6.43%5.53%4.93%4.42%4.31%3.98%4.49%4.50%4.05%3.96%3.12%
Public7.63%9.24%10.11%10.26%8.84%8.72%8.50%9.00%9.25%9.41%9.21%9.00%
No. of Shareholders25,25640,77642,43444,62737,79336,12434,89545,84440,47140,64038,98834,732

SIS Ltd Shareholding Pattern Chart

No. of SIS Ltd Shareholders

SIS Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund29428560.31133.69
Sundaram Services Fund5575080.7925.33
Aditya Birla Sun Life Pure Value Fund4380770.3619.9
Motilal Oswal Nifty Microcap 250 Index Fund459790.342.09
Sundaram Long Term Micro Cap Tax Advantage Fund - Series III184090.990.84
Sundaram Long Term Micro Cap Tax Advantage Fund - Series V93881.270.43
Sundaram Long Term Micro Cap Tax Advantage Fund - Series VI95041.040.43
Sundaram Long Term Micro Cap Tax Advantage Fund - Series IV84450.940.38
ICICI Prudential S&P BSE 500 ETF4430.010.02
HDFC S&P BSE 500 ETF170.010

SIS Ltd ROCE Trend

SIS Ltd EPS Trend

SIS Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.0010.00
Basic EPS (Rs.)23.6422.0924.8515.3829.48
Diluted EPS (Rs.)23.4321.8724.7315.1329.01
Cash EPS (Rs.)32.3229.5832.3524.4340.13
Book Value[Excl.RevalReserv]/Share (Rs.)160.11141.08123.5994.70170.53
Book Value[Incl.RevalReserv]/Share (Rs.)160.11141.08123.5994.70170.53
Revenue From Operations / Share (Rs.)778.55684.14615.45578.65967.53
PBDIT / Share (Rs.)35.9837.4967.3339.1152.22
PBIT / Share (Rs.)26.7329.9059.7130.3643.23
PBT / Share (Rs.)18.8523.2132.5020.0130.43
Net Profit / Share (Rs.)23.0821.9924.7215.6831.13
NP After MI And SOA / Share (Rs.)23.7722.1124.6415.3829.44
PBDIT Margin (%)4.625.4710.946.755.39
PBIT Margin (%)3.434.379.705.244.46
PBT Margin (%)2.423.395.283.453.14
Net Profit Margin (%)2.963.214.012.703.21
NP After MI And SOA Margin (%)3.053.234.002.653.04
Return on Networth / Equity (%)14.8415.6919.9516.2317.26
Return on Capital Employeed (%)11.2814.7631.0116.2511.33
Return On Assets (%)6.066.377.254.845.10
Long Term Debt / Equity (X)0.340.290.400.450.49
Total Debt / Equity (X)0.650.640.630.840.75
Asset Turnover Ratio (%)1.070.940.900.991.15
Current Ratio (X)1.441.311.331.251.48
Quick Ratio (X)1.421.291.321.231.46
Dividend Payout Ratio (NP) (%)0.000.000.0024.385.08
Dividend Payout Ratio (CP) (%)0.000.000.0015.543.89
Earning Retention Ratio (%)0.000.000.0075.6294.92
Cash Earning Retention Ratio (%)0.000.000.0084.4696.11
Interest Coverage Ratio (X)4.565.607.853.784.08
Interest Coverage Ratio (Post Tax) (X)3.934.296.052.513.43
Enterprise Value (Cr.)5443.447732.125866.826886.166608.41
EV / Net Operating Revenue (X)0.470.760.640.810.93
EV / EBITDA (X)10.3814.035.8812.0117.26
MarketCap / Net Operating Revenue (X)0.410.700.630.740.87
Retention Ratios (%)0.000.000.0075.6194.91
Price / BV (X)2.003.453.164.564.96
Price / Net Operating Revenue (X)0.410.700.630.740.87
EarningsYield0.070.040.060.030.03

SIS Ltd Profitability Ratios (%)

SIS Ltd Liquidity Ratios

SIS Ltd Liquidity Ratios (%)

SIS Ltd Interest Coverage Ratios (X)

SIS Ltd Valuation Ratios

Fair Value / Intrinsic Value of SIS Ltd

Fair Value: ₹589.70

The stock is undervalued by 34.02% compared to the current price ₹440

*Investments are subject to market risks

Strength and Weakness of SIS Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 16.25%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 18.50, which is a positive sign.
  3. The company has higher reserves (1,090.54 cr) compared to borrowings (2.46 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (6.00 cr) and profit (208.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 37.99 and average Dividend Yield of 5.44%.
  2. The stock has a high average Cash Conversion Cycle of 41.42, which may not be favorable.

Should I Buy SIS Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in SIS Ltd:
    1. Net Profit Margin: 2.96%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.28% (Industry Average ROCE: 20.02%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 3.93
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.42
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 21.6 (Industry average Stock P/E: 30.72)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.65
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SIS Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE