Table of Contents
Otis Elevator Unlisited Shares
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Otis elevator had cancelled its shares back in September 2024 which is why there is not much trade in its share which is why its shares are in a sideways trend.
As on 29 Jul 2026, 09:51 PM, we are buying shares of the N/A for N/A and selling them for N/A per share.
About Otis Elevator Unlisited Shares
- Foundation and Parentage: Otis Elevator (India) Limited, established in 1953 and headquartered in Mumbai, operates as a subsidiary of United Technologies Corporation.
- Operations: The company specializes in the manufacture, erection, installation, modernization, and maintenance of elevators, escalators, and moving walkways in India.
- Revenue Streams: Otis India derives its income from three primary business segments:
- New Equipment Sales
- Service
- Modernization
- Manufacturing Facility: The company operates a state-of-the-art manufacturing plant in Bengaluru, contributing to its localization efforts and production efficiency.
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Business Performance and Updates
2018-19 Overview
- Localization Efforts: Otis India has made significant progress in localizing global products at its Bengaluru manufacturing facility.
- Product Launches: Recent launches in the Gen2 family have been well-received, particularly the Gen2 Life for the mid-rise segment, which has achieved strong customer acceptance with notable early wins.
- Modernization Growth: Products such as Manual to Auto conversions and Gen2 Mod have bolstered the modernization segment.
2019-20 Business Update
- Market Share Growth: Otis India has enhanced its product portfolio and expanded its sales footprint, leading to consistent performance in the Gen2 product range and growth in its market share.
- New Launches: The company introduced Gen2 Stream, aimed at the commercial segment, with additional product releases planned in the near future.
- Service Excellence:
- Otis India is the largest player in the elevator service segment in India, with a strong service network of 97 service centers across more than 300 cities and towns.
- A 24/7 call center ensures swift and efficient responses to customer needs, contributing to significant growth in service revenue.
Current Outlook (2019-20)
- Localization Initiatives: Continued focus on localizing global products at the Bengaluru facility is driving operational efficiency and market responsiveness.
- Product Pipeline: The company plans to launch several products over the short and long term, with the Gen2 family products maintaining momentum in the market.
- Market Dynamics:
- India is the second-largest elevator and escalator market globally, following China.
- The sector is projected to grow at a healthy rate of 5-6% annually over the next five years.
Key Takeaways
Otis Elevator (India) Limited continues to strengthen its leadership position in the Indian market through a combination of localized manufacturing, innovative product launches, and exceptional service delivery. The company's focus on modernization and service excellence, coupled with its strategic expansion efforts, positions it well to capitalize on the growth potential of the elevator and escalator market in India.
Disclaimer*This research has been conducted on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided
Pros
- Stock is trading at 1.14 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 26.3%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -6.23% over past five years.
- Company has a low return on equity of 3.68% over last 3 years.
Key Details
Financials
Promoters or Management
Annual Reports
DRHP
Frequently Asked Questions
1. Has Otis elevator done any capital reduction?
The shareholders of Otis Elevator Company (India) Limited have approved a resolution for a selective reduction of the company’s equity share capital under Section 66 of the Companies Act, 2013. The reduction involves cancelling 2,08,403 fully paid equity shares (1.76% of total equity) held by non-promoter shareholders (excluding Otis International Asia Pacific Pte Ltd) as of the Record Date. These shares will be cancelled in exchange for a consideration of ₹4,311.6 per share, based on a valuation by GT Valuation Advisors. The reduction is subject to approval by the National Company Law Tribunal (NCLT) and other regulatory authorities.
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