OTIS Elevator Co(India) Ltd.

Company Overview

Otis Elevator Company is the world’s leading manufacturer and service provider of elevators, escalators and moving walkways with a headquarter in Farmington, Connecticut, USA. Present in India, as Otis Elevator Company (India) Limited since 1953, Otis belongs to the United Technologies Corporation, based in Hartford, Connecticut, USA, which is a diversified company providing high technology products and services to the building and aerospace industries. Otis India has its production facility in Bangalore and operates through regional offices across India including Bengaluru, Kolkata, Mumbai and New Delhi.

Otis India’s service network provides 24/7 service and support in Major Metropolitan areas, with service centers throughout India covering more than 300 cities. As you are aware, your Company’s revenue accrues from three major business segments-New Equipment Sales, Service and Modernization.

NEW EQUIPMENT SALES

Your company has been improving share in the segment and will continue the journey to grow our share further. The product portfolio and the sales footprint has been enhanced. Your Company intends to continue to invest further expand the product portfolio and the foot-print to enhance turnkey execution and service capabilities. The Gen2 range has been consistent in
performance and has captured significant share in its segment.
This has helped in the overall share growth. In continuation, your company is further strengthening the Gen2 family. Otis India has launched a new product Gen2 Stream recently. We are also working for more products releases in months to come. Your company will continue to leverage its access to world-class technologies and processes.

SERVICE
Your Company continues to be the largest Company in terms of service portfolio and revenue, in India. Today, we have a network of 97 service centers spread across India, serving more than 300 cities and towns. 24/7 call center and extensive service network ensures speedy and efficient response to customers.
Your Company has registered healthy growth in Service revenue in the year under review. To stay ahead of competition and retain our leadership position, Your Company is investing heavily in digitalization, technology, manpower and skill development.

MODERNISATION (MOD)
With new MOD products and increase in the sales coverage your Company has registered growth in modernisation revenues in the year under review. To accelerate the growth further, we are working to launch new up-grade packages for enriching our Service portfolio. Your company is also expanding the foot-print to make the best use of our increasing product offerings.

id company_master_id company shareholder sharesNo shareHolding dateOfUpdate
70 19 Otis Elevator Company (I) Ltd Otis International Asia Pacific Pte. Ltd 11599819 0 2020-03-31
71 19 Otis Elevator Company (I) Ltd Public 208403 0 2020-03-31
id company_master_id company shareholder sharesNo shareHolding dateOfUpdate

Revenue Segment

Share Holding

Revenue & Margins

% Margins

Company Financials

Profit and Loss Account (₹ in Crores) 2018 2019 2020
Revenue from Operations 1424.89 1706.83 1767.26
Other Income 109.26 84.83 54.24
Total Income 1534.15 1791.66 1821.5
Cost of Operations 603.06 824.61 770.85
EBITDA 296.28 273.97 322.96
EBITDA % 19.31 % 15.29 % 17.73 %
EBIT 286.54 261.97 294.41
EBIT % 18.6 % 14.62 % 16.16 %
PBT 285.17 258.92 286.56
PBT % 18.58 % 14.45 % 15.73 %
TAX 107.04 86.86 104.19
NPAT 177.01 172.37 182.37
NPAT % 11.53 % 9.62 % 10.01 %
EPS (Basic) in ₹ 149.9 145.97 154.45
EPS (Diluted) in ₹ 149.9 145.97 154.45
Dividend Per Share (in ₹) 360 400 105

Sources of funds

Application of funds

Balance Sheet (₹ in Crores) 2018 2019 2020
Share Capital 11.81 11.81 11.81
Reserves 607.61 214.99 250.06
Networth 619.42 226.8 261.87
Long Term Borrowings 0 0 0
Short Term Borrowings 1.16 1.58 0.99
Current Liabilities 1080.78 1031.76 1030.45
Non-Current Assets 335.44 343.5 306.67
Current Assets 1516.44 1081.78 1153.81
Total Assets 1851.89 1425.28 1460.48
Cash Bank Balance 722.61 240.87 471.66
Trade Receivables 298.26 331.04 367.27
Trade Payables 314.33 356.87 361.19
Inventory 131.54 125.35 192.2
Cash Flow Statement (₹ in Crores) 2018 2019 2020
Cash flow from operating Activities 157.71 75.59 125.2
Cash flow from Investing Activities 555.34 14.26 273.75
Cash flow from Financing Activities -510.48 -569.59 -168.07
Net Cash-Flow 202.57 -479.74 230.88

KEL %

2020
2019

SHEELA %

2020
2019
Price Multiples as on 2021-05-08
Face Value Per Share (in ₹) 10
Price Per Share (in ₹) 4000
P/E 25.9
P/B 18.04
Dividend Yield 2.63 %
Price / Sales 2.67
Interesting Quote / Trivial Information about the company's unlisted shares
OTIS
Source Name
Additional details

Have any Questions? Call us!

+91 9029145554

In the News
Company News Headline - Month DD,YYYY
Company News Headline - Month DD,YYYY
Company News Headline - Month DD,YYYY