SIS Q2 Review - Attractive Valuation Along With Strong Growth: Motilal Oswal

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..Motilal Oswal Report.Security and Intelligence Services Ltd. reported in-line revenues accompanied by weaker margins (Ebitda margin of 5.1% versus our estimate of 5.5%) and lower other income, resulting in profit after tax falling short of our estimate by 14.6% to Rs 684 million. The order book for the quarter was strong which will aid SIS’ growth in the near-term, and a margin recovery is likely in the coming quarters. Management has an upbeat outlook on the overall demand. The growth momentum in the India security and facilities management business is expected to pick up further, thereby compensating for the relatively modest growth in the International business. Its strong order book, increasing pipeline, and longer term tailwinds from sector consolidation will help SIS deliver 13% revenue compound annual growth rate for FY21-23E..Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity 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.

SIS Q2 Review - Attractive Valuation Along With Strong Growth: Motilal Oswal

SIS Q2 Review - Attractive Valuation Along With Strong Growth: Motilal Oswal

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