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OTIS ELEVATORS COMPANY INDIA LTD Logo

OTIS ELEVATORS COMPANY INDIA LTD

Last Traded Price

₹3750.00 ( 0.00 % )

Principles

Company Name

OTIS ELEVATORS COMPANY INDIA LTD


ISIN No.

INE099A01014


No. of Outstanding Shares

11808222


PAN No.

AAACO0481E


Face Value

₹ 10.00


EPS

₹177.49


PE ratio

21.41


P/S Ratio

1.58


Market Capitalization (in Cr)

₹4487.12


Book value

₹228.05


P/BV

16.66


DRHP Filed?

No


Available on

nsdl/cdsl


Sector

OTIS ELEVATORS LTD


CIN

U29150MH1953PLC009158


Registration Date

Oct. 30, 1953


Stock Performance

Stock Price Over Time

Share Details

COMPANY SNAPSHOT

Indian subsidiary of Otis Worldwide (U.S.-based elevator and escalator leader), operating in India since 1953.

Headquartered in Mumbai, with manufacturing in Bengaluru and regional offices across major metros.

Employs around 2,200 staff and maintains over 40,000 elevators, escalators, and moving walkways via 80+ service centers in more than 300 towns.

Business Segments

  • New Equipment Sales: Offers a broad range of elevators and escalators, including the advanced Gen2 and new Gen2 Stream lines, targeting increased market share.
  • Service: India’s largest in elevator/escalator servicing, with 24/7 support backed by extensive regional centers.
  • Modernization: Retrofitting older systems, supported by new upgrade packages and pilot projects for non-Otis equipment.

Key Strengths & Initiatives

  • Technology & product innovation: Expanding Gen2 family and integrating digital tools (e.g., Otis ONE platform) for service and modernization.
  • Service dominance: Maintains leading service portfolio with deep reach, leveraging digital investments and staff development.
  • Modernization push: Global trend of aging installed base supports growth in modernization demand.

Global Insights Influencing India

  • Worldwide, modernization orders are expected to rise steadily as equipment base ages; first-quarter trends show 12% backlog growth.
  • Innovations in smart elevators, IoT diagnostics, and energy-efficient solutions are reshaping demand.

Summary

Otis India is well-positioned to benefit from:

  • Increasing construction and infrastructure growth in India
  • Expanding modernization needs due to aging equipment
  • Rising demand for IoT-enabled, energy-efficient vertical transport

With strong service infrastructure, digital upgrades, and modernization expertise, Otis India is poised to sustain leadership in the market.


INDUSTRY OUTLOOK

Industry Growth & Size

  • India’s elevator and escalator industry is among the fastest-growing globally, driven by rapid urbanization, infrastructure development, and vertical construction trends.
  • India is the second-largest elevator market globally (after China) in terms of new installations.
  • Estimated new elevator installations: ~70,000–75,000 units annually.
  • Market size projected to cross ₹22,000 crore by 2027, growing at a CAGR of ~8–10%

Key Growth Drivers

  • Urbanization & High-Rise Construction: Increasing demand for high-rise buildings in metros and Tier 2/3 cities is a major driver.
  • Affordable Housing & Government Programs: Initiatives like PMAY, Smart Cities Mission, and metro rail expansions drive bulk installations.
  • Commercial Real Estate Recovery: Malls, office parks, IT campuses, airports, and hospitals are boosting demand post-COVID.
  • Modernization of Existing Equipment: A large installed base of aging elevators in older buildings is fueling retrofitting and modernization demand.

Technology & Innovation Trends

  • Smart Elevators: IoT, AI-enabled remote diagnostics, and destination control systems are becoming standard.
  • Touchless/Contactless Controls: Post-pandemic emphasis on hygiene has accelerated this shift.
  • Energy Efficiency: Regenerative drives, gearless traction, and green certification demand is increasing.

Future Outlook

Strong long-term growth supported by rising urban density, government infrastructure investment, and technological evolution.

Players offering end-to-end solutions—new installations, modernization, and digital maintenance—will gain competitive edge.

Smart elevators and escalators with predictive maintenance and energy-saving features are becoming key differentiators.

In summary, India’s elevator and escalator industry is in a robust growth phase with rising demand for vertical mobility solutions across sectors.


LATEST SHAREHOLDING PATTERN FOR OTIS ELEVATOR INDIA LTD.

  • Otis International Asia Pacific Pte. Ltd. (Promoter): 98.24%
  • Public & Others: 1.76%
  • Total: 100.00%