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

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.

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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.