Otis Elevator (India) Limited Unlisted Shares
Otis Elevator Company (India) Limited manufactures, Erects, Installs, Modernizes and maintains Elevators, Escalators, and moving walkways primarily in India.
The company operates through New Equipment Installation and Service segments. It serves architects and contractors, developers, and homeowners.
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.
Products:
1. Elevators
2. Escalators
Otis Elevator (India) Limited Unlisted Shares Details:
| Total Available Shares: | 50 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE099A01014 |
| Lot Size: | 10-30 Shares |
| Current Unlisted Share Price: | ₹ 4000 Per Equity Share |
Promoters And Management:
1. Mr. Sebi Joseph- MD and Whole Time Director.
2. Mr. Mitesh Mittal- CFO and Director Finance
3. V Subramanium- CEO
Financials of Otis Elevator (India) Limited Unlisted Shares:
| Year | Return Ratios | Liquidity Ratios | Profitability Ratio | Leverage Ratios | ||||
| ROE | ROCE | Current Ratio | Quick Ratio | NPM | OPM | D/E | Interest Coverage Ratio | |
| 2016 | 14% | 23% | 1.23 | 1.20 | 11.00% | 19.00% | 0 | 460 |
| 2017 | 13.00% | 21% | 1.33 | 1.22 | 10.30% | 18.00% | 0 | 462.7 |
Otis India has been progressing well in their effort to localize their global products at their state of art manufacturing facility in Bangalore. There are a number of products that are being planned to be launched both in the short term and long term. The launches during the year 2014, 2015, 2016 and for products like Gen2 Infinity, Nova MRL and Gen2 Core will continue to bear traction in years to come.In the 2nd quarter of 2017, we had new product launch for Infinity MRL and also your Company launched the new aesthetics program. On the Modernization front there was a new product Manual to Auto. With these initiatives and execution, as planned, we are now poised to see sound growth in Order booking as well as segment share improvement.
India remains to be the second largest elevator-escalator market in the world after China, expected to grow at a healthy rate 6-7% for the next 5 years. The Company management is closely monitoring and reviewing these changes to suitably modify its business strategy in accordance with the changing market environment. The Company continues to promote green products which will have a positive environmental impact. Company is confident of forging ahead without compromising on its core values, while sustaining its brand-value with its
customers.
The Company paid an interim dividend of 3600%, being Rs. 360 per equity share of Rs. 10 each fully paid up in July 2017 for the financial year 2017-18.