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OTIS ELEVATOR CO (INDIA)LTD

Active
Updated: 20 Oct 2024

Otis Elevator Co (India)Ltd, is an unlisted public company incorporated on 30 October, 1953. It is classified as a public limited company and is located in Mumbai, Maharashtra. It's authorized share capital is INR 15.00 cr and the total paid-up capital is INR 11.81 cr.

Otis Elevator Co (India)Ltd's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 7.29% over the previous year. At the same time, it's book networth has decreased by 7.19%.

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Industry

Manufacturing (Machinery & Equipments)
Products
  • escalators, elevators, travolators, high speed gearless elevators etc
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
13.79%
₹ 2,762.0
EBITDA
26.42%
₹ 255.1
Net Profit
34.5%
₹ 209.7
Networth
22.34%
₹ 276.1
Borrowings
-
₹ -
Assets
8.07%
₹ 1,898.6
Gross Margin
0.96
47.4 %
Operating Margin
0.93
9.2 %
Net Profit Margin
1.12
7.4 %
Return on Equity
6.87
76.0 %
ROCE
-3.62
104.3 %
Debt to Equity
-
0.0
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (68)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • HIGH LEVERAGE
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 1,760.9 1,704.1 1,940.4 2,427.3 2,762.0
Operating profit 264.7 191.4 188.1 201.8 255.1
Net profit 180.8 163.8 147.0 155.9 209.7
Gross margin 56.2 50.7 48.6 46.4 47.4
Operating margin 15.0 11.2 9.7 8.3 9.2
Net margin 10.0 9.3 7.4 6.3 7.4
Networth 266.7 252.7 243.2 225.7 276.1
Borrowings - - - - -
Assets 1,460.8 1,448.1 1,658.1 1,756.9 1,898.6
Debt to equity 0.0 0.0 0.0 0.0 0.0
Current ratio 1.1 1.1 1.1 1.1 1.1
ROE 67.8 64.8 60.4 69.1 76.0
Days payable 170.0 157.0 179.0 147.0 133.0
WC days 26.0 27.0 19.0 10.0 14.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11.8 11.8 11.8 11.8 11.8
Reserves 254.9 240.9 231.3 213.9 264.3
Borrowings + - - - - -
Long term borrowings - - - - -
Short term borrowings - - - - -
Trade payables + 360.0 361.9 488.9 524.4 531.4
Days payable 170.0 157.0 179.0 147.0 133.0
Other liabilities + 1,194.0 1,195.4 1,414.9 1,531.2 1,622.5
Other non-current liabilities 167.3 128.7 115.2 106.2 104.8
Other current liabilities 666.8 704.8 810.9 900.6 986.4
Total liabilities 1,460.8 1,448.1 1,658.1 1,756.9 1,898.6
Fixed Assets + 107.9 88.4 81.5 93.1 112.6
Tangible assets 97.6 79.8 73.5 79.7 97.6
CWIP 0.2 0.9 3.5 6.6 9.6
Intangible assets 10.0 7.7 4.5 6.8 5.4
LT loans and advances 0.6 0.5 25.0 22.4 0.5
Other non-current assets 201.0 165.9 152.7 147.7 161.0
Current assets + 1,151.3 1,193.2 1,398.9 1,493.7 1,624.5
Inventories 191.5 158.0 247.0 264.0 226.8
Trade receivables 366.7 399.9 417.1 454.4 457.2
Cash and cash equivalents 471.3 506.0 534.9 538.8 653.1
ST loans and advances 24.9 25.0 0.6 0.6 0.6
Other current assets 97.0 104.4 199.4 236.0 286.8
Total assets 1,460.8 1,448.1 1,658.1 1,756.9 1,898.6
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 1,760.9 1,704.1 1,940.4 2,427.3 2,762.0
Sales growth % 3.72 -3.23 13.87 25.09 13.79
Expenses + 1,532.1 1,544.8 1,785.3 2,259.0 2,537.9
Cost of goods 770.8 839.7 997.3 1,300.4 1,453.1
Employee cost 364.0 354.3 387.5 440.8 486.0
Other costs 361.5 318.7 367.5 484.3 567.8
Operating profit + 264.7 191.4 188.1 201.8 255.1
Operating margin % 15.0 11.2 9.7 8.3 9.2
Other income 54.3 61.7 43.6 45.4 61.5
Interest 7.7 3.8 4.0 6.4 4.8
Depreciation 28.2 28.3 29.0 27.1 26.2
Exceptional items - - - - -
Profit before tax 283.1 220.9 198.7 213.7 285.5
Tax 102.3 57.2 51.8 57.8 75.8
Profit - disc. ops - - - - -
Net profit 180.8 163.8 147.0 155.9 209.7
Net margin % 10.0 9.3 7.4 6.3 7.4
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.0 0.0 0.0 0.0 0.0
Net Debt/Equity 0.0 0.0 0.0 0.0 0.0
Total Debt/Assets 0.0 0.0 0.0 0.0 0.0
Total Assets/Equity 5.5 5.7 6.8 7.8 6.9
Liquidity +
Current Ratio 1.1 1.1 1.1 1.1 1.1
Quick Ratio 0.9 1.0 0.9 0.9 0.9
Interest Coverage 34.5 50.1 47.5 31.7 52.9
Performance
Gross Margin 56.2 50.7 48.6 46.4 47.4
Operating Margin 15.0 11.2 9.7 8.3 9.2
Net Margin 10.0 9.3 7.4 6.3 7.4
Return +
Return on Equity 67.8 64.8 60.4 69.1 76.0
Pre-tax ROCE 101.7 75.9 88.1 108.0 104.3
Return on Assets 12.4 11.3 8.9 8.9 11.0
Pre-tax ROIC 88.6 64.5 65.4 77.4 82.9
Efficiency +
Days Payable 170.0 157.0 179.0 147.0 133.0
Days Inventory 91.0 69.0 90.0 74.0 57.0
Days Receivable 76.0 86.0 78.0 68.0 60.0
Fixed Asset Turnover 16.3 19.3 23.8 26.1 24.5
Total Asset Turnover 1.2 1.2 1.2 1.4 1.4
Working Capital
Cash Conversion Cycle -3.0 -2.0 -11.0 -5.0 -16.0
Working Capital Days 26.0 27.0 19.0 10.0 14.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation Name DIN/PAN Tenure
Director Jyotin Kantilal Mehta 00033518 1 years
Director Anil Vaish 00208119 9 years
CFO Bharatkumar Sanjiva Nayak <HIDDEN> 8 years
Whole-time Director Bharatkumar Sanjiva Nayak 01919252 6 years
Managing Director Sebi Joseph 05221403 10 years
Whole-time Director Suma Puthan Naduvakkat 05350680 10 years
CS Rutika Somdatta Pawar <HIDDEN> 4 years
Director Manish R Asopa 09430977 2 years

Company Network

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Name Status Paid up Capital Common Directors Address
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SURYODAY SMALL FINANCE BANK LIMITED
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ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED
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MAHINDRA INSURANCE BROKERS LIMITED
Active
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WESTLIFE FOODWORLD LIMITED
Active
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IND AUST MARITIME PRIVATE LIMITED
Active
2.0 Cr 1 Maharashtra
MAHINDRA RURAL HOUSING FINANCE LIMITED
Active
122.9 Cr 1 Maharashtra
LINDE INDIA LIMITED
Active
85.3 Cr 1 West Bengal
ICICI PRUDENTIAL TRUST LIMITED
Active
10.1 L 1 Delhi
SUPRIYA ELEVATOR COMPANY (INDIA) LIMITED
Active
2.7 Cr 2 Tamil Nadu
OTIS GLOBAL SERVICES CENTER PRIVATE LIMITED
Active
20.1 Cr 2 Karnataka

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
SUPRIYA ELEVATOR COMPANY (INDIA) LIMITED Tamil Nadu 2008 ₹ 2.7 Cr

Registered Details

CIN

U29150MH1953PLC009158

PAN

AAACO0481E

Incorporation

1953, 71.5 years

Company Email

rutika.pawar@otis.com

Paid up Capital

₹ 11.8 Cr

Authorised Capital

₹ 15.0 Cr

AGM

Sep 2023

Type

Public
Non-government Company

FAQ - OTIS ELEVATOR CO (INDIA)LTD

What is the incorporation date of OTIS ELEVATOR CO (INDIA)LTD?

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The incorporation date of OTIS ELEVATOR CO (INDIA)LTD is 30 October, 1953

What is the authorized share capital of OTIS ELEVATOR CO (INDIA)LTD?

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The authorized share capital of OTIS ELEVATOR CO (INDIA)LTD is INR ₹ 15.0 Cr.

What is the paid-up capital of OTIS ELEVATOR CO (INDIA)LTD?

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The paid-up capital of OTIS ELEVATOR CO (INDIA)LTD is INR ₹ 11.8 Cr.

What is the registered address of OTIS ELEVATOR CO (INDIA)LTD?

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The registered address of OTIS ELEVATOR CO (INDIA)LTD is MAGNUS TOWERS 9TH FLRMINDSPACE LINK ROAD MALAD WEST MUMBAI Maharashtra - 400064

What is the CIN number of OTIS ELEVATOR CO (INDIA)LTD?

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The CIN number of OTIS ELEVATOR CO (INDIA)LTD is U29150MH1953PLC009158.

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