Share it on:
Company Overview
Founded in 1853, Otis Elevator Company is a global leader in the design, manufacturing, installation, and service of elevators, escalators, and moving walkways. With a rich history spanning over 170 years, Otis is renowned for its innovative technologies and commitment to safety, reliability, and sustainability.
Core Business Areas
Elevators:
Otis designs and manufactures a wide range of elevator systems, including traction and hydraulic elevators, which cater to residential, commercial, and industrial applications.Escalators and Moving Walkways:
The company provides advanced escalator and moving walkway solutions for high-traffic areas, ensuring smooth and efficient vertical transportation.Modernization Services:
Otis offers modernization solutions to upgrade existing elevator and escalator systems, enhancing their performance, safety, and energy efficiency.Maintenance and Repair Services:
With a robust service network, Otis provides comprehensive maintenance and repair services to ensure the optimal performance and longevity of their products.
Innovative Technology
Otis is at the forefront of elevator and escalator technology, integrating digital solutions and IoT capabilities into their products. Notable innovations include:
- Gen2® Technology: A revolutionary elevator system that utilizes a patented flat-belt technology for smooth and efficient operation.
- Smart Elevators: Equipped with IoT technology, Otis’s smart elevators offer predictive maintenance, real-time monitoring, and enhanced user experience.
- ReGen™ Drives: Energy-efficient systems that generate electricity during elevator descent, contributing to reduced energy consumption.
Global Presence
Otis operates in more than 200 countries and territories, with a workforce of approximately 69,000 employees worldwide. The company’s extensive network includes:
- Manufacturing Facilities: Strategically located plants for efficient production and supply chain management.
- Service Centers: Over 1,500 service locations providing rapid response and support to customers globally.
Commitment to Sustainability
Otis is dedicated to sustainability and reducing its environmental footprint. The company focuses on:
- Energy Efficiency: Developing products that consume less energy and utilize renewable energy sources.
- Sustainable Practices: Implementing eco-friendly manufacturing processes and reducing waste in operations.
- Community Engagement: Supporting initiatives that promote sustainable urban development and transportation.
Financial Performance
As a publicly traded company, Otis Elevator is listed on the New York Stock Exchange (NYSE: OTIS). The company has demonstrated consistent financial performance, with a focus on growth in emerging markets and modernization services.
- Revenue Growth: Otis continues to expand its market share through innovation and customer-centric solutions.
- Investment in R&D: A significant portion of revenue is reinvested into research and development to drive technological advancements.
Fundamentals
Metric | 2023 | Metric | Value |
---|---|---|---|
Current Price | ₹ 3950 | Debt to Equity | 0 |
Market Cap (in Cr.) | ₹ 4665 | Face Value | 10 |
Book Value | 185.28 | ROE (%) | 70.38 |
P/B | 21.32 | P/E Ratio | 30.29 |
PAN Number | AAACO0481E | EPS | 130.4 |
ISIN | INE099A01014 | No. Of Shares (in Cr.) | 11.81 |
Promoters & Managements
Name | Designation |
---|---|
Sebi Joseph | Chairman, MD |
Suma Puthan Naduvakkat | Whole-time Director |
Bharat Kumar Nayak | Whole-time Director & CFO |
Profit & Loss
Item | 2022 | 2023 |
---|---|---|
Revenue | 1992 | 2481 |
Cost of Material Consumed | 998 | 1302 |
Gross Margins | 48.74 | 46.53 |
Change in Inventory | 0 | 0 |
Employee Benefit Expenses | 391 | 445 |
Other Expenses | 369 | 486 |
EBITDA | 189 | 202 |
OPM (Operating Profit Margin) | 9.71 | 8.3 |
Other Income | 45 | 46 |
Finance Cost | 4 | 6.58 |
Depreciation & Amortization | 29 | 27 |
EBIT (Earnings Before Interest & Taxes) | 160 | 175 |
EBIT Margins | 8.22 | 7.19 |
PBT (Profit Before Tax) | 198 | 212 |
PBT Margins | 10.17 | 8.71 |
Tax | 52 | 58 |
PAT (Profit After Tax) | 146 | 154 |
NPM (Net Profit Margin) | 7.5 | 6.32 |
Earnings Per Share (Diluted) | 123.62 | 130.4 |
Balance Sheet
Assets | 2022 | 2023 |
---|---|---|
Fixed Assets | 73 | 80 |
CWIP (Capital Work in Progress) | 2.6 | 6.6 |
Investments | 0 | 0 |
Trade Receivables | 420 | 455 |
Inventory | 247 | 264 |
Other Assets | 915.21 | 951 |
Total Assets | 1657.81 | 1756.6 |
Liabilities | 2022 | 2023 |
---|---|---|
Share Capital | 11.81 | 11.81 |
Face Value (FV) | 10 | 10 |
Reserves | 225 | 207 |
Borrowings | 0 | 0 |
Trade Payables | 490 | 530 |
Other Liabilities | 931 | 1008 |
Total Liabilities | 1657.81 | 1756.81 |
Cash Flow Statement
Item | 2022 | 2023 |
---|---|---|
PBT | 198 | 212 |
OPBWC | 198 | 219 |
Change in Receivables | -3.56 | -36 |
Change in Inventories | -90 | -17 |
Change in Payables | 126 | 34 |
Other Changes | 35 | 61 |
Working Capital Change | 67.44 | 42 |
Cash Generated From Operations | 265.44 | 261 |
Tax | -72 | -59 |
Cash Flow From Operations | 193.44 | 202 |
Purchase of PPE | -8.79 | -22 |
Sale of PPE | 0.66 | 0 |
Cash Flow From Investment | 11.87 | -2 |
Borrowing | -16 | -14 |
Dividends | -159 | -177 |
Equity | 0 | 0 |
Others From Financing | 0 | -4 |
Cash Flow from Financing | -175 | -195 |
Net Cash Generated | 30.31 | 5 |
Cash at the Start | 506 | 535 |
Cash at the End | 536.31 | 540 |
Share Holding Pattern
Ownership | 2022 | 2023 |
Otis International Asia Pacific Pte. Ltd. | 98.24% | 98.24% |
Others | 1.76% | 1.66% |
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the Kannur International Airport Ltd shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your Kannur International Airport Ltd shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the Kannur International Airport Ltd shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your Kannur International Airport Ltd shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for Kannur International Airport Ltd Unlisted Shares is approximately 35,000 – 50,000 INR.
Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.
Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.
Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.
Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.
Transparency: We provide clear information about each unlisted share, including potential risks.
Security: We prioritize the protection of your financial information.
Customer Support: Our team is dedicated to guiding you through the investment process.
Latest Funding: We consider the valuation from Kannur International Airport Ltd most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of Kannur International Airport Ltd Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted Kannur International Airport Ltd shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.