| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 1710 | 1947 | 2435 | 2771 |
| Cost of Material Consumed | 840 | 998 | 1302 | 1455 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Gross Margins | 50.88 | 48.74 | 46.53 | 47.49 |
| Employee Benefit Expenses | 357 | 391 | 445 | 491 |
| Other Expenses | 319 | 369 | 486 | 570 |
| EBITDA | 194 | 189 | 202 | 255 |
| OPM | 11.35 | 9.71 | 8.3 | 9.2 |
| Other Income | 61 | 45 | 46 | 63 |
| Finance Cost | 4 | 4 | 6.58 | 5 |
| D&A | 29 | 29 | 27 | 27 |
| EBIT | 165 | 160 | 175 | 228 |
| EBIT Margins | 9.65 | 8.22 | 7.19 | 8.23 |
| PBT | 221 | 198 | 212 | 286 |
| PBT Margins | 12.92 | 10.17 | 8.71 | 10.32 |
| Tax | 58 | 52 | 58 | 76 |
| PAT | 163 | 146 | 154 | 210 |
| NPM | 9.53 | 7.5 | 6.32 | 7.58 |
| EPS | 138.02 | 123.62 | 130.4 | 177.82 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 11.35 | 9.71 | 8.3 | 9.2 |
| Net Profit Margin | 9.53 | 7.5 | 6.32 | 7.58 |
| Earning Per Share (Diluted) | 138.02 | 123.62 | 130.4 | 177.82 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 80 | 73 | 80 | 75 |
| CWIP | 0.91 | 2.6 | 6.6 | 10 |
| Investments | 0 | 0 | 0 | 0 |
| Trade Receivables | 401 | 420 | 455 | 473 |
| Inventory | 158 | 247 | 264 | 228 |
| Other Assets | 430.1 | 915.21 | 951 | 1112 |
| Total Assets | 1070.01 | 1657.81 | 1756.6 | 1898 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 11.81 | 11.81 | 11.81 | 11.81 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 235 | 225 | 207 | 257 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 364 | 490 | 570 | 533 |
| Other Liabilities | 459.19 | 931 | 1008 | 1096.19 |
| Total Liabilities | 1070 | 1657.81 | 1756.81 | 1898 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 221 | 198 | 212 | 286 |
| OPBWC | 221 | 198 | 219 | 276 |
| Change in Receivables | -42 | -3.56 | -36 | -7 |
| Change in Inventories | 33 | -90 | -17 | 37 |
| Change in Payables | 31 | 126 | 64 | 9 |
| Other Changes | 7 | 35 | 61 | 6 |
| Working Capital Change | 29 | 67.44 | 42 | 45 |
| Cash Generated From Operations | 250 | 265.44 | 261 | 321 |
| Tax | -33 | -72 | -59 | -57 |
| Cash Flow From Operations | 217 | 193.44 | 202 | 264 |
| Purchase of PPE | -8 | -8.79 | -22 | -30 |
| Sale of PPE | 0.67 | 0.66 | 0 | 0 |
| Cash Flow From Investment | 12.67 | 11.87 | -2 | 26 |
| Borrowing | -18 | -16 | -14 | 0 |
| Dividend | -176 | -159 | -177 | -159 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | 0 | 0 | -4 | -17 |
| Cash Flow from Financing | -194 | -175 | -195 | -176 |
| Net Cash Generated | 35.67 | 30.31 | 5 | 114 |
| Cash at the Start | 471 | 506 | 535 | 539 |
| Cash at the End | 506.67 | 536.31 | 540 | 653 |
Otis Elevator (India) Limited, a subsidiary of the global elevator and escalator giant Otis Worldwide Corporation, is one of the most established names in India’s vertical mobility industry. With decades of presence in the country, the company has built a strong footprint across both commercial and residential infrastructure segments. Its portfolio includes elevators, escalators, moving walkways, and advanced mobility solutions powered by IoT, predictive maintenance, and energy-efficient technologies. Otis India’s legacy of safety, reliability, and innovation has positioned it as a preferred partner for airports, metro stations, high-rise buildings, and premium real-estate developers across India.
In the unlisted market, Otis Elevator (India) Limited’s shares attract investor interest due to the company’s robust business fundamentals and its alignment with long-term infrastructure growth in India. The demand for elevators and escalators continues to rise with increasing urbanisation, expansion of metro rail networks, development of smart cities, and rapid construction of high-rise buildings. Otis India, with its strong order book, established service network, and reputation for quality, stands in a strategically favourable position. Investors also view the company’s unlisted shares as a stable, low-volatility opportunity backed by a multinational parent with strong financial discipline and global best practices.
Looking ahead, the company is well-placed to benefit from emerging trends such as smart mobility solutions, remote monitoring systems, and sustainability-driven designs. Its focus on localisation, manufacturing efficiency, and after-sales service expansion further strengthens its competitive edge. For investors in the unlisted market, Otis Elevator (India) Limited represents a long-term structural growth story driven by India’s infrastructural transformation and increasing emphasis on modern building technology. Although liquidity in unlisted shares is typically limited, investor sentiment remains positive due to the company’s consistent performance, strong brand reputation, and potential for value appreciation as India continues to build vertically and modernise rapidly.
Q:1 How do I book Otis Elevator (India) Limited Unlisted Shares?
Answer: You can book Otis Elevator (India) Limited Unlisted Shares by confirming your order with us at the current trading price.
Q:2 What documents do I need to provide for buying unlisted shares?Answer: You need to provide your client master report (CMR), PAN Card, and a Cancelled Cheque.If you're transferring funds from a bank account not mentioned in the CMR, these KYC documents are required as per SEBI regulations.
Q:3 Where can I obtain my client master report (CMR)?
Answer: You can obtain your client master report (CMR) from your broker if you do not already have it.
Q:4 What is the purpose of the PAN Card and Cancelled Cheque?Answer: The PAN Card and Cancelled Cheque are part of the KYC documents required to comply with SEBI regulations for the purchase of unlisted shares.
Q:5 How will I receive the bank details for fund transfer?
Answer: We will provide you with the necessary bank details after you confirm your booking for the shares.
Q:6 What should I do if I don't have a Cancelled Cheque?Answer: If you do not have a Cancelled Cheque, you should contact your bank to obtain one, as it is a necessary KYC document for the transaction.
Q:7 Is there a specific timeframe for transferring funds after booking the shares?Answer: While a specific timeframe may vary, it is advisable to transfer the funds promptly after booking to ensure a smooth transaction process.
Q:8 Are there any additional fees involved in buying unlisted shares?Answer: Please check with us for any additional fees that may apply to the purchase of unlisted shares, as they can vary based on the transaction.