ICICI Securities: SIS - Mispricing Of Business And Balance Sheet Improvement
The SIS Group is a leading provider of security services both in India and Australia with diverse solutions across the security spectrum. (Image: Company website)

ICICI Securities: SIS - Mispricing Of Business And Balance Sheet Improvement

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Security and Intelligence Services India Ltd.’s concerns around -

1. structural impact on the business case of security/facility management due to work from home,

2. levered balance sheet and 3. the then impending NCI payments led to the stock languishing approximately 40% below the pre-Covid-19 level.

Our analysis suggests Covid should drive higher (rather than lower) volumes over the medium term for both Security / facility management.

The company being one of the very few players with integrated offerings, should be a key beneficiary.

Click on the attachment to read the full report:

ICICI Securities SIS Q2FY21 Results Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.