Otis Elevator Limited Unlisted Shares|Latest Share Price & Updates
Company Overview
Otis Worldwide Corp (Otis) is a manufacturer of people moving products. It offers elevators, escalators, and moving walkways. The company designs, manufactures, and installs a wide range of passenger and freight elevators for low, medium, and high-speed applications. Otis Elevators can be found in many of the world’s most recognizable buildings as well as the busiest transportation hubs and retail centers.
Its slogan is “Made to move you“.
Otis Elevators leads the industry created more than 160 years ago. It owes its success to pioneering spirit, a culture of innovation, the trust their customers put in them and the values that define them.
About
Otis was founded in 1853 Otis Elevator Co (India)Ltd is an unlisted public company incorporated on 30 October, 1953. It is classified as a public limited company and is located in Mumbai, Maharashtra. Its authorized share capital is INR 15.00 cr and the total paid-up capital is INR 11.81 cr.
Otis Elevator Co (India)ltd.’s operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2021. Its EBITDA has decreased by -27.69 % over the previous year. At the same time, its book net worth has decreased by -5.26 %. Other performance and liquidity ratios are available here.Â
The company manufactures, installs, services and repairs various types of elevators, escalators, travelators, high speed gearless elevators, and their components.
Products & Services: elevators, escalators, travelators, high speed gearless elevators etc.
Category: Manufacturer
The current status of Otis Elevator Co (India)Ltd is – Active.
| Symbol: | OTIS Elevators (India) Ltd. |
|---|---|
| Face Value (₹): | 10 |
| ISIN: | INE099A01014 |
| Demat Status: | NSDL & CDSL |
| Lot Size: | 10 |
Board of Directors:
| Name | Designation | Profile |
|---|---|---|
| Anil Vaish | Director |  |
| Bharatkumar Sanjiva Nayak | Director | |
| Suma Puthan Naduvakkat | Wholetime Director |  |
| Priya Shankar Dasgupta | Director | |
| Sebi Joseph | Managing Director | |
The longest serving director currently on board is Priya Shankar Dasgupta who was appointed on 12 April, 2001. Priya Shankar Dasgupta has been on the board for more than 21 years. The most recently appointed director is Bharatkumar Sanjiva Nayak, who was appointed on 22 October, 2019.
Priya Shankar Dasgupta has the largest number of other directorships with a seat at a total of 22 companies. In total, the company is connected to 23 other companies through its directors.
The last reported AGM (Annual General Meeting) of Otis Elevator Co (India)Ltd was held on 27 September, 2022. Also, its last balance sheet was prepared for the period ending on 31 March, 2022.
Current Update
Dividend declared by OTIS Elevator (India)
Otis elevator (India) Limited which operates as a subsidiary of United Technologies Corporation has declared dividend of Rs 135/share. Otis elevator (India) limited manufactures, Erects, Installs, Modernizes and maintains elevators, escalators, and moving walkways primarily in India.Â
The company has been progressing well. They have manufacturing facilities in Bangalore. They have just launched a Gen2 life in the mid-rise segment. The new product has shown good results among customers with some significant early wins.
Key Highlights
Considering the Annual Report for the FY 21-22, It can be analyzed that:
- Revenue / turnover of OTIS ELEVATOR CO (INDIA)LTD is Over INR 500 cr.
- Net worth of the company has decreased by -5.26 %.
- EBITDA of the company has decreased by -27.69 %.
- Total assets of the company have decreased by -0.87 %.
- Liabilities of the company has increased by 3.89 %.
- Thus, all segments of business grew over last year, i.e. FY 20-21 but in FY 21-22, the total net profit of the company has dropped to 10% as compared to the previous year.Â
Ratio
| Ratio | FY22 | FY21 |
|---|---|---|
| Operating Margin | 10% | 13% |
| Net Profit Margin | 7% | 9% |
| Return on Equity | 62% | 66% |
| Debt-Equity | 0.06 | 0.03 |
| Current Ratio | 1.08 | 1.12 |
| Dividend Payout | 109% | 108% |
Note:-Â Dividend payout = Total Dividend/Net Income.
It indicates, how much % of its Net Income, the company is paying out as dividend to its Shareholders.
Financial Highlights
| Particulars | 2021-22 | 2020-21 | 2019-20 | 2018-19 | 2017-18 |
|---|---|---|---|---|---|
| Total Income (₹ Crores) | 1992 | 1772 | 1822 | 1792 | 1540 |
| PAT (₹ Crores) | 146 | 164 | 182 | 172 | 177 |
| Diluted EPS | 124.00 | 138.67 | 154.45 | 145.97 | 149.90 |
| Book Value per Share (₹) | 201.30 | 209.83 | 221.77 | 192.07 | 524.57 |
| Equity (₹ Crores) | 238 | 248 | 262 | 227 | 619 |
Peer Comparison
| Company | Market Cap (₹ Crores) | Profitability Margin (%) | ROCE (%) | ROE (%) | D/E Ratio | P/E Ratio | P/B Ratio | Book Value per Share (₹) |
|---|---|---|---|---|---|---|---|---|
| Otis Elevators Company (India) Ltd | 4546 | 7% | 57% | 62% | 0.06 | 31.05 | 19.13 | 201.30 |
| Triton Valves Ltd | 196 | -1% | 6% | -4% | 1.52 | 40.43 | 1.48 | 774.93 |
| KSB Ltd | 7046 | 10% | 19% | 15% | 0.00 | 42.39 | 4.19 | 290.40 |
Media Updates
Otis Elevators bringing digital transformation in the elevator industry
Otis one of the oldest player in elevator space is coming up with e-call app. This app will enable passengers to use their cell phones to operate elevators of them. This will offer passengers a more seamless experience within their respective buildings. Besides this , Otis offers its Compass Plus destination dispatching system. Instead of using standard hall call buttons, passengers can enter their specific floor in the Compass fixture. The system assigns passengers traveling to nearby floors to the same car. This minimizes the number of stops per trip, reduces car crowding and decreases travel time. Lot more innovations by Otis is in line. This will be a great future for company and the society as a whole.
Frequently Asked Questions
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.Â
The procedure to buy the Otis Elevator unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller.Â
When the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.Â
Â
.
In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.Â
The Otis Elevator shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.
Â
The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size for Otis Elevator Ltd unlisted shares, please visit the stock page on our website: www.delistedstocks.in Â
Â
There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares.Â
Once the selling price and quantity of shares is agreed with us, we will provide you with an UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds will be released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.Â
Â
If your holding period is less than 2 years, then such income is treated as business income and liable to get taxed as per tax slab of the investor.Â
If your holding period is more than 2 years, then your profits would be subject to long-term capital gains tax. The current short-term capital gain tax rate is 20% after indexation
The trading in unlisted shares is governed by Securities & Contract (Regulation) Act,1992 which comes under the preview of SEBI. The SEBI regulations become applicable when the stocks of the company get listed on the stock exchange. There is a minimum lock-in period of 6 months for pre-IPO investors.Â
The major risk associated with investing in unlisted stocks is the liquidity risk. The possible exit route for investors is either to sell to another investor or wait till the company gets listed on the stock exchange.Â
Yes, NRI’s can also buy and sell Otis Elevator unlisted shares just like domestic investors. But their investment is on a non-repatriable basis.Â
Â
