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Otis Elevator Company India Limited

Company Name
Otis Elevator Company India Limited
Last Traded Price (LTP)
3,600.00
% Change
-2.70 %
Scrip Name
OTIS
ISIN No.
INE099A01014
PAN No.
AAACO0481E
Face Value
10
No. of Outstanding Shares
11,808,222
Market Capitalization
4,250.96 Crore
Book value
209.828
P/BV
17.1569
EPS
138.675
PE ratio
25.96
Available on
nsdlcdsl
ROFR Required
No

Otis Elevator India Share Price & delisted Share - Company Overview

Otis Elevator India Limited is a subsidiary of Otis Elevator Company, which is one of the world's largest manufacturers and maintainers of people-moving products, including elevators, escalators, and moving walkways. Otis Elevator India Limited was founded in 1953 and is headquartered in Mumbai, India.

The company offers a wide range of elevator and escalator solutions for various applications, including residential, commercial, healthcare, hospitality, and infrastructure projects. Otis Elevator India Limited also provides maintenance and modernization services for its products to ensure optimal performance and safety.

In addition to India, Otis Elevator Company has a global presence and operates in over 200 countries. The company is committed to sustainable practices and has implemented various initiatives to reduce its environmental impact, such as developing energy-efficient products and reducing waste generation.

 

Otis Share Price, Delisted share Details as of March 31, 2022

Otis Outstanding Shares: 11,808,222
Face Value of Otis Delisted Share: Rs. 10 Per Equity Share
ISIN of Otis Delisted Share: INE099A01014
Lot Size of Otis Delisted Share: 10 Shares
Otis Share Price: Best in Industry
PAN Number of Otis: AAACO0481E

 

Incorporation Details of Otis

Otis CIN Number

U29150MH1953PLC009158

Otis Registration Date

30-Oct-1953

Category / Sub-Category of Otis

Company limited by Shares

Otis Registered Office Address

9th Floor, Magnus Towers,

Mind Space, Malad West,

Mumbai - 400064

Otis Registrar & Transfer Agent Address

and Contact Details

Link Intime India Private Limited

C 101, 247 Park,

1st Floor L.B.S. Marg, Vikhroli West,

Mumbai - 400083

 

Board of Directors of Otis

Sebi Joseph, Managing Director

P. S. Dasgupta, Independent Director

Anil Vaish, Independent Director

Suma P N, Whole-time Director

Bharatkumar Nayak, Whole-time Director

 

Principal Business Activities of Otis

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 Particulars of Subsidiary Company

S.No.

Name of the Company

% of shares held

1.

Supriya Elevator Company (India) Limited

100%

 

Shareholding Pattern of Otis (As of 31st March 2022)                       

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 of Elevators and Escalators

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.

 

Profit & Loss Statement of Otis Elevator Company (India) Limited (In Rs. Lakhs)

Particulars

2022

2021

2020

Revenue from Operations

1,94,728

1,71,009

1,76,726

Total Income

1,99,244

1,77,169

1,82,150

EBITDA

22,931

25,353

28,437

EBITDA Margins

 11.77%

 14.82%

16.09%

Finance Cost

409

398

785

Depreciation

2,954

2,880

2,855

Other Expenses

36,974

31,906

35,946

Profit before Tax

19,860

22,134

28,656

Total Tax

5,218

5,759

10,419

Profit after Tax

14,642

16,375

18,237

PAT Margin

7.51%

9.57%

10.31%

Earnings Per Share (Basic and Diluted)

124

138.67

154.45

 

Balance Sheet of Otis Elevator Company (India) Limited (In Rs. Lakhs)

Particulars

31st March 2022

31st March 2021

31st March 2020

ASSETS

 

 

 

NON-CURRENT ASSETS

 

 

 

Property, plant and equipment

5223

5920

6,278

Intangible assets

446

773

1,005

Loans

2502

51

55

Trade receivables

226

217

523

Other financial assets

777

775

683

Other non-current assets

6425

6621

6,679

TOTAL NON-CURRENT ASSETS

25,527

25,141

30,667

CURRENT ASSETS

 

 

 

Inventories

24,774

15,867

19,220

Loans

55

2497

2,492

Trade receivables

41,855

40,117

36,727

Cash and Cash equivalents

53,538

50,629

47 ,166

Other financial assets

1694

1547

1,478

Other current assets

13,674

7594

1,603

TOTAL CURRENT ASSETS

1,40,232

1,19,521

1,15,381

TOTAL ASSETS

1,65,759

1,44,762

1,46,048

EQUITY AND LIABILITIES

 

 

 

EQUITY

 

 

 

Equity share capital

1181

1181

1,181

Other equity

22,589

23,596

25,006

TOTAL EQUITY

23,770

24,777

26,187

LIABILITIES

 

 

 

NON-CURRENT LIABILITIES

 

 

 

Provisions

8038

9334

12,016

Lease liabilities

1332

797

1,835

Other non-current liabilities

2210

2831

2,919

TOTAL NON-CURRENT LIABILITIES

11,580

12,962

16,816

CURRENT LIABILITIES

 

 

 

Trade Payables

49,073

36,471

33,279

Other financial liabilities

3831

3661

3480

Provisions

10,602

10,034

4,978

Tax liabilities

-

-

357

Other current liabilities

65,802

55,403

54,896

TOTAL CURRENT LIABILITIES

1,30,409

1,07,023

1,03,045

TOTAL LIABILITIES

1,41,989

1,19,985

1,19,861

TOTAL EQUITY AND LIABILITIES

1,65,759

1,44,762

1,46,048

 

Dividend and Retained Earnings of Otis

Particulars

2022

2021

2020

Dividend per Share (In Rs.)

100

150

105

Retained Earnings (In Rs. Lakhs)

18,060

19,376

21,076

 

Performance of Otis

  • Revenue from Operations of the company increased by 13.87% in FY 2022 to Rs. 1,94,728 Lakhs from Rs. 1,71,009 Lakhs in FY 2021.
  • EBITDA decreased by 9.55% from Rs. 25,353 Lakhs in FY 2021 to Rs. 22,931 Lakhs in FY 2022. EBITDA margins also decreased from 14.82% in FY 2021 to 11.77% in FY 2022.
  • The Finance cost of the company increased by 2.76% from Rs. 398 Lakhs to Rs. 409 Lakhs.
  • Profit after tax stood Rs. 14,642 Lakhs in FY 2022 against a Profit after tax of Rs. 16,375 Lakhs in FY 2021, showing a decline of 10.58%.
  • The company has no long-term borrowings.
  • The Current Ratio of the company for FY 2021 was 1.12 and the same has declined to 1.08 in FY 2022.
  • The book value of the company as of 31st March 2022 was Rs. 201.30.
  • The company has consistently given dividends every year. However, dividend per share declined by 33.34% to Rs. 100 in FY 2022 from Rs. 150 in FY 2021.

 

 

 

Annual Reports

Otis Elevator Company India Limited 2020-21

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