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×

otis elevator company india Limited

3,700.00
-2.63 %
Scrip Name
OTIS
ISIN No.
INE099A01014
PAN No.
AAACO0481E
Face Value
10
No. of Outstanding Shares
11,808,222
Market Capitalization
4,369.04 Crore

OTIS ELEVATOR COMPANY (INDIA) LIMITED UNLISTED SHARE

About Otis Elevator Company (India) Limited

Otis Elevator Company (India) Limited is involved in the manufacturing, installation, and maintenance of elevators and escalators. Its parent company Otis Worldwide Corporation Limited offers services in more than 200 countries and territories and has installed elevators in some of the world’s most famous structures, including Eiffel Tower, Empire State Building, the original World Trade Centre, Burj Khalifa, Skylon Tower, etc.

Otis Elevator Company (India) Limited has a network of 97 service centers in India, serving more than 300 cities. The company manufactures its products in Bengaluru. Otis Elevator Company (India) Limited accrues its revenue majorly from three business segments – New Equipment Sale, Service, and Modernisation.

Otis Elevator Company (India) Limited has been progressively making efforts to localize its global products by manufacturing them in India. They have plans to launch new products both in the short and long term. The company has recently launched a Gen2 Stream for the commercial segment.

They are launching new products which will transform manual to auto and Gen2 Mod to facilitate growth in the Modernization business. They have also launched some aesthetic packages which seem to have a good response from the customers.

INCORPORATION DETAILS

CIN

U29150MH1953PLC009158

Registration Date

October 30, 1953

Category / Sub-Category of the Company

Public Company

Address of the Registered office and contact details 

9th FLOOR, MAGNUS TOWERS, MINDSPACE, LINK ROAD,

MALAD WEST, MUMBAI - 400 064

MAHARASHTRA, INDIA

Tel: 022-28449700 / 022-28449791

Email: [email protected]

Website: www.otis.com

Name, Address & contact details of the Registrar & Transfer Agent, if any

Link Intime India Private Limited,

C 101, 247 Park, L.B.S.Marg, Vikhroli (West),

Mumbai – 400083

Tel: +91 22 49186270

E-mail: [email protected]

Particulars of Subsidiary Company

Name of the Company

% of shares held

Supriya Elevator Company (India) Limited

100

BOARD OF DIRECTORS

Sebi Joseph (Managing Director)

P. S. Dasgupta (Independent Director)

Anil Vaish(Independent Director)

Suma P N (Whole-time Director)

Bharatkumar Nayak (Additional Director and Chief Financial Officer)

Harish Iyer (Company Secretary)

Principal Business Activities of the Company

Name and Description of main products/services 

NIC Code of the Product/ service

% to total turnover of the company

Manufacture and Maintenance of Elevator/Lifts

2915

100

 OTIS ELEVATOR COMPANY (INDIA) LIMITED UNLISTED SHARE 

Total Available Shares:

1,18,08,222

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE099A01014

PAN no.

AAACO0481E

Lot Size:

25

Last Traded Price

Rs. 4300

Current Unlisted Share Price:

Rs. 5077.54 Crore

SHAREHOLDING PATTERN

S. No.

Shareholders’ Name

No. of Shares

% of total shares

1

Otis International Asia Pacific Pte. Ltd.

1,15,99,819

98.24

2

Others

2,08,403

1.76

 

Total

1,18,08,222

100

 INDUSTRY OUTLOOK

India is the 2nd largest market in the world after China for elevators and escalators. The sector is expected to grow by around 5% - 6% CAGR for the next 5 years. The sector is projected to cross Rs. 1,50,14,14 lakhs by FY 2023. The rise in the elevators industry can be easily sited by increasing urbanization, development of the real estate sector, and an increasing number of multi-story residential and commercial buildings in the country. Government initiatives such as smart cities mission and AMRUT cities will also contribute to growth in the Elevators sector.

However, it might be possible that the growth would be primarily fuelled by development in the tier-2 and 3 cities as the construction boom has already reached the saturation point in the major metro cities. These changes will definitely increase the demand for maintenance in the industry.

The rising need for maintenance & modernization of elevators is another growth enabling factor globally. Elevators are maintained under full-service contract agreements due to high labor costs and short service cycles.

It is expected that the growth in the residential segment will be the biggest contributor to the construction industry, which will increase the need for elevators.

Maintenance is a critical aspect in this industry as it is important to ensure that the elevator’s performance is maintained, as well as to prolong the life of the Elevator. The elevator industry is putting efforts to enable their field employees to be more efficient by developing tools that can help them to source information faster and make stronger relationships with customers and find out the problem and solve it before it actually becomes a problem.

Internet of things (IOT) will enable more transparency for the customers, more information, and a streamlined process to reach out to their maintenance company.

Nowadays elevator manufacturers are trying to make elevators environmentally friendly which can aid in substantial energy savings. Moreover, they are also working on elevator aesthetics. They are trying to make it a stimulating and engaging space.

KEY FINANCIALS OF OTIS ELEVATOR COMPANY (INDIA) LIMITED

 (Standalone – In Rs. Lakhs) 

Particulars (In Rs. lakhs)

2020

2019

2018

Revenue from Operations

1,76,088

1,69,778

1,41,819

Total Income

1,81,518

1,78,471

1,52,726

EBITDA

26,469

18,721

18,773

EBITDA Margins

15.03%

11.03%

13.24%

Finance Cost

768

280

114

Depreciation

2,824

1,199

973

Other Income

5,430

8,693

10,907

Profit before Tax

28,307

25,935

28,593

Total Tax

10,226

8,602

10,726

Profit after Tax

18,081

17,333

17,867

 (Consolidated – In Rs. Lakhs) 

Particulars (In Rs. lakhs)

2020

2019

2018

Revenue from Operations

1,76,726

1,70,683

1,43,116

Total Income

1,82,150

1,79,166

1,54,042

EBITDA

26,872

18,914

18,702

EBITDA Margins

15.21%

11.08%

13.07%

Finance Cost

785

305

137

Depreciation

2,855

1,200

974

Other Income

5,424

8,514

10,814

Profit before Tax

28,656

25,923

28,405

Total Tax

10,419

8,686

10,704

Profit after Tax

18,237

17,237

17,701

 BALANCE SHEET OF OTIS ELEVATOR COMPANY (INDIA) LIMITED

(Consolidated – In Rs. Lakhs)

Particulars (In Rs. Lakhs)

2020

2019

ASSETS

   

NON-CURRENT ASSETS

   

Tangible Assets

9,862

6,788

Intangible assets

1,005

1,225

Loans

55

30

Trade receivables

523

47

Other financial assets

683

680

Tax assets

11,860

18,338

Other non-current assets

6,679

7,242

TOTAL NON-CURRENT ASSETS

30,667

34,350

CURRENT ASSETS

   

Inventories

19,220

12,535

Loans

2,492

25,235

Trade receivables

36,727

33,104

Cash and Cash equivalents

47,747

24,406

Other financial assets

7,582

11,081

Other current assets

1,603

1,807

Assets held for sale

10

10

TOTAL CURRENT ASSETS

1,15,381

1,08,178

TOTAL ASSETS

1,46,048

1,42,528

EQUITY AND LIABILITIES

   

EQUITY

   

Equity share capital

1,181

1,181

Other equity

25,006

21,499

TOTAL EQUITY

26,187

22,680

LIABILITIES

   

NON-CURRENT LIABILITIES

   

Provisions

12,016

15,245

Lease liabilities

1,835

0

Other non-current liabilities

2,965

1,427

TOTAL NON-CURRENT LIABILITIES

16,816

16,672

CURRENT LIABILITIES

   

Short term borrowings

0

128

Trade Payables

36,119

35,687

Other financial liabilities

2,408

846

Provisions

4,978

6,189

Tax liabilities

357

1406

Other current liabilities

59,183

58,920

TOTAL CURRENT LIABILITIES

1,03,045

1,03,176

TOTAL LIABILITIES

1,19,861

1,19,848

TOTAL EQUITY AND LIABILITIES

1,46,048

1,42,528

DIVIDEND AND RETAINED EARNINGS 

Particulars

2020

2019

Dividend ( In Rs.)

105

175

Retained Earnings (Consolidated) (In Rs. Lakhs)

21,076

17,963

 PERFORMANCE OF THE COMPANY

On Standalone basis, Revenue from operations grown by 3.72% from Rs. 1,69,778 lakhs to Rs. 1,76,088 lakhs. And on consolidated basis it increased by 3.54% from Rs. 1,70,683 lakhs to Rs. 1,76,726 lakhs.

EBITDA Margins increased from 11% in FY 2019 to around 15% in FY 2020 both standalone and consolidated wise.

Profit after Tax increased by 5% to Rs. 18,237 lakhs from Rs. 17,237 lakhs when talking about consolidated statements. While in standalone statements, Profit after Tax increased by 4% in FY 2020.

The company has no long-term borrowings and has paid off all the short-term borrowings, which were Rs. 128 lakhs in FY 2019-2020.

The Current Ratio of the company is 1.11, so there are no concerns about liquidity.

Book Value of Company has increased by 15.4% from Rs. 22,680 lakhs in FY2019 to Rs. 26,187 lakhs in FY2020.

The company has consistently given dividends every year. However, dividend per share declined by 40% to Rs. 105in FY 2020 from Rs. 175 in FY 2019.

Annual Reports

2021-22

Download

2020-21

Download

2019-20

Download
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