Don’t miss the action in this security services company’s stock as the board is likely to announce stock split!

Don’t miss the action in this security services company’s stock as the board is likely to announce stock split!

Kiran Shroff

According to the shareholding patterns, the promoters of the company increased their stake to 71.70 per cent and FIIs increased their stake to 16.87 per cent in March 2024.

Security & Intelligence Services (India) Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Tuesday, May 21, 2024, to inter-alia, consider and approve the sub-division/ stock split of equity shares of the company.

SIS Ltd, formerly known as Security and Intelligence Services (India), is a large security solutions provider with operations in India, Australia and New Zealand. They offer a wide range of services through subsidiaries and partners including physical security like manned guarding and mobile patrols, training programs, paramedic services, facility management services like cleaning and pest control, cash logistics services like ATM cash replenishment and secure transportation of valuables, and electronic security services like installation of alarm systems.

The company has a market cap of over Rs 6,400 crore. According to the shareholding patterns, the promoters of the company increased their stake to 71.70 per cent and FIIs increased their stake to 16.87 per cent in March 2024 compared to 71.58 per cent and 16.41 per cent, respectively in December 2023.

Also Read: Multibagger ply manufacturing stock with PEG ratio below 1: Board likely to announce stock split and dividend!

The company reported mixed numbers in its Quarterly Results (Q4FY24) and positive numbers in its annual results (FY24). All business segments reported continued growth. Security Solutions India grew 7.8 per cent YoY with major wins in manufacturing, finance, technology and real estate. Security Solutions International grew 2.4 per cent YoY (5.4 per cent in constant currency) with new wins in education, public sector, retail, logistics and hospitality.

Facility Management Solutions grew 3.3 per cent YoY with wins in healthcare, retail, technology, real estate and logistics, though EBITDA margin declined due to planned contract adjustments. Cash Logistics Solutions maintained strong growth at 8.8 per cent YoY with a 21.9 per cent increase in EBITDA YoY. V-Protect, the alarm monitoring company, now services over 23,000 connections.

Disclaimer: The article is for informational purposes only and not investment advice. 

DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.

Previous Article Shares below Rs 100: Only buyers were seen in these stocks on May 06
Next Article Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Rate this article:
4.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR