Otis Elevator (India) Limited Unlisted Shares Details:
Pan No:
AAACO0481E
Face Value:
₹ 10 Per Equity Share
ISIN:
INE099A01014
Equity Share Capital:
₹ 11.81 Cr
About Otis Elevator:
The company was founded in 1953 and is headquartered in Mumbai, India. Otis Elevator Company (India) Limited operates as a subsidiary of United Technologies Corporation.
Otis Elevator Company (India) Limited manufactures, Erects, Installs, Modernizes and maintains Elevators, Escalators, and moving walkways primarily in India.
The Company has a manufacturing facility at Bengaluru.
Current Outlook (Source Annual Report 2018 – 2019)
Otis India has been progressing well in its effort to localize its global products at their state of an art manufacturing facility in Bengaluru. There are a number of products that are being planned to be launched both in the short time and long term. The launches during the last 5 years for products in Gen 2 family will continue to bear traction in years to come.
They had a recent launch of Gen2 Life in the mid – rise segment. The new product has seen good customer acceptance with some significant early wins. On the Modernization front, the new products of Manual to Auto and Gen2 Mod will facilitate the growth in the modernization business.
The Company’s revenue accrues from three major business segments –
a) New Equipment Sales
b) Service
c) Modernization
(Fig. in Crores)
Year
Revenue
EBITDA
Margins
PAT
Equity
FV
EPS
2018
1540
296
19.2%
180
11.7%
11.81
10
152.4
2019
1,91
273
15.2%
171
9.5%
144.8
2020
1821
322
17.7%
181
9.9%
155
