(i) 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.
(ii) Otis Elevator Company (India) Limited manufactures, Erects, Installs, Modernizes and maintains Elevators, Escalators, and moving walkways primarily in India.
(iii) The Company’s revenue accrues from three major business segments –
(a) New Equipment Sales
(b) Service
(c) Modernization
(iv) The company has a manufacturing facility at Bengaluru.
(v) Current Outlook( Source Annual Report 2018-19)
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 term and long term. The launches during the last 5 years for products in Gen2 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.
Business update 2019-20
The company has been improving share in the segment and will continue the journey to grow the share further. The product portfolio and the sales footprint has been enhanced. 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, the company is further strengthening the Gen2 family.Otis India has launched a new products Gen2 Stream recently. They are also working for more products releases in months to come.
OTIS continues to be the largest Company in terms of service portfolio and revenue, in India.Today, they have a network of 97 service centres spread across India, serving more than 300 cities and towns. 24/7 call centre and extensive service network ensures speedy and efficient response to customers. The Company has registered healthy growth in Service revenue in the year under review.
Current Outlook 2019-20
1. Otis India has been progressing well in their effort to localize their global products at their state of art manufacturing facility in Bengaluru.
2. 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 last 5 years for products in Gen2 family will continue to bear traction in years to come. They had a recent launch of Gen2 Stream for the commercial segment.
3. India remains to be the second largest elevator-escalator market in the world after China, expected to grow at a healthy rate 5-6% for the next 5 years.
| Total Available Shares: | 50 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE099A01014 |
| Lot Size: | 10 Shares |
| Current Unlisted Share Price: | ₹ 4250 Per Equity Share |
| Shareholder’s Name | No. of Shares | % of the total Shares of the company |
| UNITED TECHNOLOGIES SOUTH ASIA PACIFIC PTE LTD | 11599819 | 98.24% |
| Year | Revenue | EBITDA | EBITDA Margins | PAT | PAT Margins | 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% | 11.81 | 10 | 144.8 |
| 2020 | 1821 | 322 | 17.7% | 181 | 9.9% | 11.81 | 10 | 155 |
| Year | Net-worth | Debt | ROE |
| 2018 | 619 | 1.16 | 29% |
| 2019 | 226 | 1.28 | 76% |
| 2020 | 261 | 0 | 69% |
Please find below the procedure for buying Otis Elevator (India) Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Otis Elevator (India) Limited Unlisted Shares at UnlistedZone.
Lock-in period of Otis Elevator (India) Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Otis Elevator (India) Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Otis Elevator (India) Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy Otis Elevator (India) Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of Otis Elevator (India) Limited Unlisted Shares Instantly?
The Otis Elevator (India) Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Otis Elevator (India) Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."
We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Otis Elevator (India) Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Otis Elevator (India) Limited Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Otis Elevator (India) Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.
You must be logged in to post a comment.
Copyright © 2018-2022 UnlistedZone.com.
All Rights Reserved.
828, Sector 2B, Vasundhara, Delhi-NCR, India 201012
Market Wizard
OTIS has paid Rs. 105 per share of dividend in the year FY19-20.
Market Wizard
The company has paid an interim dividend of 1750%, being INR 175 per equity share of INR 10 each fully paid up in March 2019 for the financial year 2018-19.
Market Wizard
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.
Market Wizard
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.